Features Crypto News by Thebittimes.Com

A subsidiary of Animoca Brands will build a metaverse ecosystem on Bitcoin for gaming, brands, and other in-game purchases. French game developer Darewise Entertainment, a subsidiary of Animoca Brands, has raised $3.5 million through a token presale for its upcoming Bitcoin (BTC) Ordinals-based metaverse ecosystem . In a blog post on Oct. 17, Animoca said the token will be used in multiple projects. Life Beyond is planned to be the first one using the token. The token was backed by gaming investors and web3 venture capital firms such as Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures, and Yat Siu, the co-founder and executive chairman of Animoca Brands. Darewise boss Benjamin Charbit called the funding a “significant indicator of confidence” among investors in building on the Bitcoin ecosystem . You might also like: Korean telecom giant launches digital currency for its metaverse The token is expected to be released in early 2...

Yuga Labs is gearing up to launch a new game in the Otherside metaverse, but its not 3D, while NFT trading volume for NFL All Day pumped 570% over the past seven days. The Adidas /// Studio, also known as the Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and support budding creators in the NFT space. The program was announced on Aug. 31, and it will officially launch on Sept. 4 via a series of online and in-person events that will run until Sept. 11. INTRODUCING: RESIDENCY BY ADIDAS The adidas /// studio is proud to announce the global launch of "RESIDENCY by adidas" - the brand’s first digital artist -in-residence program! pic.twitter.com/He0LAEUzQA — ALTS by adidas (@altsbyadidas) August 31, 2023 According to the program’s website, the aim is to collaborate with up-and-coming artists and provide a “creative pathway for digital artists to further connect with the brand and their passionate community of collector...

Unverified users can still withdraw staked SAND but will be unable to make further deposits. Metaverse platform The Sandbox will require Know Your Customer (KYC) verification for its staking processes, according to an Aug. 3 announcement.  The announcement stated that only verified users could deposit SAND, the platform's native token, and claim staking rewards, while non-verified users will be placed into withdraw-only mode. Data from blockchain analytics firm Messari shows that 123 million, or 6.7% of the token's circulating supply, is currently staked by users. The Sandbox developers wrote: "To enhance user security and compliance, we have implemented KYC verification for our staking process. Our goal is to ensure that our users' accounts are verified before they can participate in staking or claim their earnings." On June 6, Cointelegraph reported that SAND was one of 68 cryptocurrencies the U.S. Securities and Exchange Commission (SEC) deemed to be a secu...

Roar Studios will be acquired by Yuga Labs as the latter looks to onboard talent for its still-in-development Otherside metaverse. Yuga Labs accelerates Otherside pla Nonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse -building startup Roar Studios as Yuga looks to bolster its Otherside metaverse . Yuga tweeted the news on July 31 saying the impending acquisition was to “execute our expansive vision” for Otherside. An accompanying release said Roar Studios' founder and chief Eric Reid will join Yuga as the general manager of Otherside, charged with leading the development and production of the metaverse . We are proud to announce Yuga Labs is acquiring Roar Studios, a music and metaverse startup led by long-time entertainment Executive, Eric Reid, to execute our expansive vision for @OthersideMeta. For more, read here: https://t.co/Ll9OMrSwEP. pic.twitter.com/o2FankWun2 — Yuga Labs (@yugalabs) July 31, 2023 Yuga is also nabbing audio, game and a...

Enhanced play-to-earn mechanics, well-designed game economy and top-notch production values set a new standard in blockchain gaming. The growing GameFi sector has caught the attention of the video game industry, leading many brands to create their own unique blockchain games. However, despite the popularity of these projects, many lack engaging gameplay mechanics and the entertainment value found in successful traditional games.  With a focus on high production values, replayability and entertainment , the upcoming Blockchain gaming project Undeads aims to bring these much-needed elements to the forefront of the Web3 space . Undeads’ head of community Jan Emil Christiansen will get into more detail about the ambitious gaming project in an AMA on Feb. 22, 3:00 pm UTC. Undeads brings a post-apocalyptic setting to the blockchain The Undeads metaverse immerses players into a post-apocalyptic world where they are faced with the choice to align with either humans or zombies. The gameplay ...

Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. London, United Kingdom, 12th December, 2022, Chainwire The Monster Zone will be the first available area on Virtua Island and the land sale begins today at 5 pm GMT Games metaverse Virtua has announced the launch of the Monster Zone. The first area to be released on Virtua Island, a key region of its home planet in the metaverse - Virtua Prime.  The launch of Virtua Island follows the successful launch of Cardano Island in the Virtua metaverse and both will form parts of a 3D world in the virtual space. The Monster Zone draws together elements of the metaverse and gaming in ways never before possible and will be populated with amazing creatures from well-known IPs and new exciting brands. Through challenges and events, players will be able to acquire, craft, and trade various resources and creatures, to gain out-of...