gaming
a16z kicks off third class application for $75 million Speedrun tech and games accelerator
Bitcoin wallets drained as infostealer malware targets Call of Duty players
Web3 fills the void at GDC 2024 as traditional gaming reels from layoffs
Solana’s MixMob secures license to add the original Stormtrooper to its racing game
Top Analyst Predicts Massive Rise in Altcoin Market Cap, Names His Two Favorite Crypto Subsectors
A crypto strategist who nailed the end of Bitcoin’s (BTC) 2021 bull market thinks that a huge upswing for the altcoin market is just getting started. Pseudonymous analyst Pentoshi tells his 755,100 followers on the social media platform X that he’s keeping a close watch on the TOTAL3 chart, which tracks the market cap of […]
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Gaming Altcoin Built on Ronin (RON) Explodes After Going Live on Crypto Exchange Binance
A Web3 gaming altcoin built on the Ronin (RON) blockchain is soaring after securing a listing on top crypto exchange Binance. Pixels (PIXEL), an open-ended game focused on farming and exploration, shot up Monday from a low of $0.4711 to a high of $0.6887, a more than 46% increase. At time of writing, PIXEL has […]
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Improbable sells gaming venture for $97M, shares 2024 metaverse predictions
The Web3 metaverse developer Improbable sold its gaming venture, The Multiplayer Group, as a part of its venture strategy for 2024.
Metaverse technology company Improbable announced in an end-of-the-year statement on Dec. 18 that it had sold its Web3 gaming venture, The Multiplayer Group (MPG), to Keywords Studios for £76.5 million ($97.1 million).
Herman Narula, co-founder and CEO of Improbable, called Keywords “a like-minded business partner” and said he was delighted to see MPG embark on a new chapter. Keywords works with large names in the gaming industry, such as Activision Blizzard, Bethesda, Zenimax, Epic Games and 2K.
Narula said this deal is a part of its venture strategy for 2024. Improbable originally acquired MPG in 2019 for around £30 million.
Aurory’s USDC pool drained on Arbitrum’s DEX Camelot
According to initial reports and on-chain data, the attack targeted Aurory's SyncSpace bridge, draining nearly 80% of the AURY-USDC pool's liquidity.
Solana-based gaming ecosystem Aurory was reportedly breached on Dec. 17, resulting in a drop of nearly 80% in liquidity of the AURY-USDC pool on the decentralized exchange (DEX) Carmelot.
According to unconfirmed reports on X (formerly Twitter), the exploit targeted Aurory’s SyncSpace bridge on Arbitrum's native DEX Camelot around 13:00 UTC, reducing the liquidity of the AURY-USDC pool to roughly $312,000 from $1.5 million.
Cointelegraph reached out to Aurory's team, but has yet to receive a response.
Immutable’s zkEVM to eliminate Web3 gaming gas fees
Immutable’s blockchain protocol will allow the game studio to cut out gas fees for users, which is widely cited as a significant barrier to Web3 gaming adoption.
Web3 gaming firm Immutable is set to completely cut out gas fee payments for gamers when its proprietary zero-knowledge proof-based (ZK-proofs) scaling platform goes live in early 2024.
Immutable zkEVM provides the technology for blockchain-based game developers to remove transaction fees from end users, which is touted to create a “frictionless onboarding” experience for gamers.
Web3 games built on blockchain protocols typically require gamers to pay the gas fees paid to network validators for processing transactions. Before the advent of layer-2 scaling protocols, Ethereum-based decentralized applications (DApps) and services relied solely on validators and miners pre-merge to process smart contract operations and their associated transactions.