UAE Web3 ecosystem houses almost 1.5K active organizations: Report
A new report shows that 65% of the 1,450 Web3 organizations are based on native blockchain technology, while 35% of the organizations are based on non-native technology.
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2008 ‘Lehman Moment About to Hit’ — Major Banks Suffer; How to Access Your ETHW, ‘No Digital Dollar Act,’ Sega Blockchain Game — Bitcoin.com News Week in Review
In this week’s edition of the Bitcoin.com News Week in Review, two of the world’s largest banks — Credit Suisse and Deutsche Bank — are suffering from distressed valuations, with…
Skyweaver’s parent company secures $40M in Series A funding
The round was led by Brevan Howard Digital and Morgan Creek Digital, along with Polygon and Take-Two Interactive, among other investors.
NFTs bring in-game ownership to a new level, says Blokhaus founder
NFTs improve interactivity by allowing users to unlock fully modular, community-driven in-game experiences to which they own the pieces, explains Mark Soares, the founder of Blokhaus Inc.
South Korean ministry recommends enactment of special Metaverse laws
The MSIT identified that imposing older regulations serve as a deterrent to the growth of new ecosystems.
GameFi fundraising jumps 135% in August, but is still down from June: Report
Web3 games and Metaverse projects have raised $748 million in funds last month.
How GameFi contributes to the growth of crypto and NFTs
The GameFi sector has achieved unprecedented growth over the past couple of years and is attracting investors.
Gaming makes up over half of blockchain industry usage, DappRadar
The gaming sector accounts for nearly 51% of the activity in the blockchain industry with hundreds of millions in transactions, according to August data.
GameFi investors are now prioritizing fun factor over money: Survey
While roughly half of the investors joined the GameFi space initially for profits, 89% of GameFi investors succumbed to Crypto Winter 2022.
MMORPG went into ‘hiatus’ after crypto investors bailed, denies it misused funds
Phat Loop Studios, the company behind the "Pokemon-like" game Untamed Isles has blamed the crypto market crash as a reason its investors bailed.
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