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Blockchain gaming startup InfiniGods raises $9 million in seed funding

InfiniGods, a blockchain-based game development studio, announced Thursday that it raised $9 million in seed funding. Pantera Capital led the funding round. Additional participants include Framework Ventures, Jefferson Capital, Animoca Brands and Double Peak. InfiniGods creates web and mobile games involving mythological elements, with gameplay including puzzles, strategy and city building. The startup intends to use the seed funding to publish three games in 2022 that include a non-fungible token (NFT) with in-game utility in addition to developing a governance …

Amazon CEO Andy Jassy says Amazon could sell NFTs in the future

After releasing the first Amazon shareholder letter since taking over Jeff Bezos’ role as CEO in July of 2021, Andy Jassy says that the international online retail platform Amazon could potentially sell non-fungible tokens in the future.  “I think it’s possible down the road on the platform,” Jassy was quoted as saying in an interview with CNBC.  Jassy adds that he doesn’t own bitcoin or NFTs and doesn’t think Amazon is close to adding crypto payment options in the future, …

How NFTs are raising money for charity

The popular subscription platform OnlyFans, known for its adult content, will now let users post verified NFTs as profile pictures.  The platform will only support NFTs minted on the Ethereum blockchain and will show an Ethereum icon on NFT profile pictures to mark them as authentic. The company said it introduced NFT profile pictures in […]

YouTube sees ‘incredible potential’ in Web3, NFTs and blockchain tech

The online media giant YouTube shared in a Thursday blog post which sported a positive view of Web3 technology like blockchain and non-fungible tokens (NFTs) for content creators.  “Web3 opens up new opportunities for creators. We believe new technologies like blockchain and NFTs can allow creators to build deeper relationships with their fans. Together, they’ll be able to collaborate on new projects and make money in ways not previously possible,” YouTube’s Chief Product Officer Neal Mohan wrote in the post.  …

China-backed Blockchain Services Network eyes support for NFTs

The Chinese state-backed blockchain deployment infrastructure platform Blockchain Services Network (BSN) is moving closer to supporting NFTS — under the condition that the NFTs aren’t connected to cryptocurrency or public blockchains.  According to the South China Morning Post, the BSN will offer Chinese companies and individuals the infrastructure to implement NFTs into personal user interfaces such as apps in exchange for Chinese yuan. This infrastructure will be called the BSN Distributed Digital Certificate, or BSN-DDC, and is expected to roll …

NFT sales volume broke four-month downward trend in December 2021

Non-fungible token (NFT) marketplace volumes had been steadily decreasing between August and November 2021. December broke that trend, according to The Block Research.  Monthly NFT volumes for Ethereum-based marketplaces increased 16.6% from November to December, reaching $2.26 billion in the last month of 2021.  Possible explanations for December’s rise in sales volume could be increased interest in Bored Ape Yacht Club (BAYC) and gaming-focused NFTs during that month.  In late November, the UK-based crypto payment firm MoonPay introduced a service …

FTX US signs up three more American sports teams via new partnership

U.S.-based crypto exchange FTX US signed on four more professional American sports teams through a partnership with their management company, Monumental Sports Entertainment (MSE), on Monday, according to an MSE release.  FTX US is now the exclusive crypto exchange and non-fungible token (NFT) partner for MSE and its properties – adding to FTX US’s list of brands on its sports and entertainment-focused NFT marketplace launched on August 2.  The four athletic professional sports teams newly bolstering FTX US’s roster include …

Dapper Labs helps launch a Dr. Seuss-themed NFT platform

Their name is Dr. Seuss Enterprises, and they now speak for the NFTs.  Specifically, Dr. Seuss Enterprises — a children’s entertainment company that holds the rights to the Dr. Seuss books — has partnered with the NFT developer Dapper Labs and a digital collectibles startup called Tibles to create non-fungible tokens (NFTs) Dr. Seuss’s work.  These NFTs, called “Seussibles!,” are built on the Flow blockchain developed by Dapper Labs and can be bought on the Apple app store with fiat …

How Tezos’ biggest NFT marketplace was raised from the dead

Quick Take The founder of the Tezos-based NFT marketplace Hic et Nunc decided to step away from his project — by unexpectedly pulling its frontend.  After brief panic and confusion, the Hic et Nunc community managed to get the marketplace up and running again.  Here’s the story of how Web3 tools helped the Hic et Nunc community resurrect the largest NFT marketplace on the Tezos blockchain.  This feature story is available to subscribers of The Block Daily. You can continue …

Twitch co-founder Justin Kan launches a gaming NFT marketplace

Justin Kan, the co-founder of the video game livestreaming service Twitch, and other gaming industry entrepreneurs are launching a Solana-based marketplace designed for gaming non-fungible tokens (NFTs) called Fractal. Fractal will act as a primary market, in which gaming companies can drop new products for fans, as well as a secondary market where users can sell their NFTs to each other. The Fractal team also hopes to develop new use cases for NFTs in gaming, Kan wrote in a Medium …