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Mastercard announces new crypto partners for its NFT payments service

Mastercard has announced plans to widen access to the non-fungible token (NFT) market through the use of card payments. In a blog post published on June 9, Raj Dhamodharan, an executive vice president at the company, said it had partnered with Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway and MoonPay to enable NFT commerce. “We’re working with these companies to allow people to use their Mastercard cards for NFTs purchases, whether that’s on one of these companies’ …

PartyBid creator PartyDAO raises $16.4 million led by a16z

PartyDAO, the decentralized organization behind the NFT bidding platform PartyBid, has raised $16.4 million in a funding round led by Andreessen Horowitz (a16z).  Other participants in the round include Standard Crypto, Compound Crypto, Dragonfly Capital, Uniswap Ventures (after having invested in PartyDAO in April of this year) and Loot creator Dom Hofmann, according to a Thursday statement.  PartyDAO’s main application, PartyBid, allows multiple people to buy and own or fractions of digital assets by pooling funds and sharing ownership.  PartyDAO’s …

Robinhood’s former crypto boss raises $8 million for NFT platform

Quick Take Founded by Chris Maddern, Floor tracks data on prices for non-fungible tokens.  The app is currently only available to the 3,500 Floor token holders, however with the funding it plans to open parts of the Floor platform to everyone. Floor — an upstart project in the non-fungible token (NFT) market — announced on Wednesday the close of a Series A funding round.  Born out of founder Chris Maddern’s own frustration with managing his portfolio of NFTs, Floor also …

Tatsumeeko raises $7.5 million in seed round ahead of transition to web3 model

Tatsumeeko, the web3 incarnation of the Discord-hosted massively multiplayer online role-playing game (MMORPG) Tatsu.gg, has raised $7.5 million in a seed round. The raise was co-led by Delphi Ventures, Bitkraft Ventures and DeFiance Capital, the Singapore-based company announced on Thursday. It also received funding from Binance Labs, Animoca Brands, Dialectic and GuildFi. The company declined to share a valuation when asked by The Block. Started in 2016 as a community project, Tatsu.gg became a fully-fledged, full-time undertaking for its team …

NFTs represent ‘technological Renaissance’ in art, Binance exec says

Binance’s head of non-fungible tokens (NFT) and fan tokens, Helen Hai, said today that the exchange is looking to offer courses to empower women to make money from NFTs. In an on-stage conversation at the Money 20/20 conference in Amsterdam, Hai spoke about the benefits of blockchain for removing intermediaries in the art world and beyond. She said that the ultimate goal for NFTs is a “technological Renaissance” in art. She said that the answer to the question of whether …

OpenSea pledges to take action on scams and intellectual property infringement

OpenSea’s co-founder and CEO Derin Finzer said the non-fungible token (NFT) marketplace would redouble its efforts to curb fraud and plagiarism on the platform.  In a blog post on Wednesday, Finzer wrote that although fraud, intellectual property (IP) theft and plagiarism are prohibited under OpenSea’s terms, “at our scale, comprehensive policies aren’t enough.” Up to now, the platform has built systems to try to combat the bulk of banned activities, with a new verification system, an image scanning “copymint prevention …

Vietnamese GameFi startup Ancient8 gets $6 million in tightening VC market

A Vietnam-based blockchain gaming guild named Ancient8 has secured another capital injection, despite growing caution among venture capital firms that saw at least one prior investor decline to participate. Ancient8 has raised $6 million in a private token sale led by Makers Fund and C² Ventures, according to a statement on Thursday. New and existing backers including Pantera Capital, 6th Man Ventures, IOSG Ventures, Folius Ventures, Morningstar Ventures, Th3ia Capital, Sky9 Capital and Play Ventures also participated. The company didn’t …

Crypto Unicorn: Game Design Analysis

June 8, 2022, 10:27AM EDT • 12 min read Quick Take Crypto Unicorn is a Polygon-based farming simulation game by Laguna Games. Like most P2E games, Crypto Unicorn’s virtual economy is based on a dual-token model: RBW and UNIM.  Its land gameplay is different from most social and gaming metaverses as it doesn’t offer a “world map” for its land.   This piece takes a deeper look at Crypto Unicorn’s game design and its token economics. Join The Block Research for …

MoonPay builds out celeb concierge service with Meta hire

MoonPay is building out its celebrity non-fungible token (NFT) concierge service following a quiet rollout last year, according to two announcements from new hires joining the team. Former associate director at Standard Chartered Bank, Charlotte Laborde joined MoonPay in February as strategy lead to the COO. On Tuesday she updated her job title on LinkedIn to concierge manager. Justin Johnson, who held a role as creator partnerships lead for North America at Meta, has also announced joining the team. The …

How authorities could pursue ‘insider trading’ in crypto

Quick Take Last week a grand jury indicted former OpenSea head of product Nate Chastain for actions related to an alleged insider trading scheme. But Chastain wasn’t indicted for securities law violations, which are usually associated with insider trading. If successful, the case could create a way for US regulators to police front-running in crypto regardless of whether implicated tokens are securities. This feature story is available to subscribers of The Block News Plus. You can continue reading this News …