Daily Web3 Headlines You Need To Know
03 October #NFT #Developers #GameFi #DeFi & Trading #Policy&Law
🖼 NFT
Music NFTs a powerful tool to transform an audience into a community
As one of the oldest entertainment industries in existence, the music business has experienced many technological advances that enhanced widespread adoption. The digitalization of music meant that artists could reach any audience across the world, and digital distribution gifted people with unlimited access to music. With these advances in distribution came some drawbacks in music monetization…(Read More)
🔗 Developers
Pioneer Launches “MetaKit” Its Proprietary web3 Gaming Platform
MetaKit is full-service web3 infrastructure solution that houses a suite of products to run play-to-earn games’ economy on the blockchain. In March 2022, Pioneer acquired Crowdform, a digital product and venture activation studio which has been integrated as Pioneer’s digital development studio and the technology backbone of the Company’s complete web3 gaming ecosystem which includes content and game development; infrastructure and web2 conversion; and distribution and global publishing…(Read More)
👾 Game-Fi
Why this Blizzard vet thinks the next killer web3 game will come from China
This year, around 3.2 billion people — or about 40% of the world’s population — will play games, with total spending nearing $200 billion, estimates industry researcher Newzoo. The purveyors of web3 want a slice of this gargantuan market. Criticisms of the first generation of crypto games, dominated by the play-to-earn model, have already been well documented, so the question for developers now is what decentralized games should look like…(Read More)
📈 DeFi & Trading
The future of DeFi is on TikTok
In July 2021, TikTok hit three billion downloads. The social network boasts more than one billion active monthly users. And, in the United States, TikTok is now more popular with Generation Z than Instagram. Over the last six months, Bitcoin (BTC) has seen a drop of more than 70% from its all-time high north of $69,000 in 2021. Market volatility is to be expected. But, if decentralized finance (DeFi) is looking to have a future, it needs to be embraced by more people…(Read More)
Robert Kiyosaki calls Bitcoin a ‘buying opportunity’ as US dollar surges
Robert Kiyosaki, businessman and best-selling author of Rich Dad Poor Dad, has called Bitcoin (BTC), silver and gold a “buying opportunity” amid the strengthening United States dollar and continued interest rate hikes. In an Oct. 2 Twitter post to his 2.1 million followers, the author noted the prices of the three commodities — sometimes referred to as “safe haven” assets — would continue getting lower as the United States dollar strengthens, proving its worth once the “FED pivots” and drops interest rates…(Read More)
BTC price still not at ‘max pain’
Bitcoin (BTC) starts a new week in a precarious place as global macro instability dictates the mood. After sealing a weekly close just inches above $19,000, the largest cryptocurrency still lacks direction as nerves heighten over the resilience of the global financial system…(Read More)
⚖️ Policy & Law
Celsius founder reportedly withdrew $10M before bankruptcy filing: FT
Celsius Network founder and former CEO Alex Mashinsky allegedly withdrew $10 million from the crypto lending platform just weeks before the company froze customer funds and declared bankruptcy. The withdrawal was cited by sources from the Financial Times who said Mashinsky withdrew the funds in “mid to late May” prior to the June 12 pause on all withdraws…(Read More)
Transit Swap ‘hacker’ returns 70% of $23M in stolen funds
A quick response from a number of blockchain security companies has helped facilitate the return of around 70% of the $23 million exploit of decentralized exchange (DEX) aggregator Transit Swap. The DEX aggregator lost the funds after a hacker exploited an internal bug on a swap contract on Oct. 1, leading to a quick response from the Transit Finance team along with security companies Peckshield, SlowMist, Bitrace and TokenPocket, who were able to quickly work out the hacker’s IP, email address and associated-on chain addresses…(Read More)
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