Two Solana (SOL)-based altcoins surged in price after Coinbase announced they could soon be trading on its platform. On Tuesday, the top US crypto exchange added Shadow Token (SHDW) and Neon EVM (NEON) to its listing roadmap, which alerts customers that the company could soon add support for certain assets. Shadow Token is a cryptocurrency […]
The post Two Solana-Based Tokens Surge After Coinbase Announces Surprise Roadmap Listing appeared first on The Daily Hodl.
As soon as a gamer cashes out an in-game asset, they realize monetary value, which is where the problem with the SEC comes in, a Shrapnel executive told Cointelegraph.
The creators of blockchain game Shrapnel — an upcoming AAA first-person extraction shooter — will be cutting a part of its game for United States-based players, in order to avoid the potential ire of the country’s securities regulator.
The game, which is due to launch in early access in December, will be unrestricted for players from Europe and Asia but gamers from the U.S. will not be able to cash out at all, says Shrapnel Head of Economy Francis Brankin in a Sept. 13 interview with Cointelegraph at Token 2049.
“They [U.S. users] can do everything every other player can do, but they can't cash out. Because that's what makes it a security to the U.S. player, as soon as they can realize monetary value, that’s where the problem comes in.”
He hopes the issue will be temporary and that Neon — the team behind Shrapnel — will soon enable U.S. users to bridge capital accrued from Shrapnel to their bank accounts.
〉Getting ready to extract. pic.twitter.com/kq6B07Ub97
— SHRAPNEL (@playSHRAPNEL) September 13, 2023
Shrapnel is a first-person extraction shooter set on 2038 Earth, where players scavenge for loot and attempt to extract their winnings — all the while being hunted by enemies and other players.
The game also allows gamers to build open economies and possess the intellectual property rights over in-game assets as opposed to merely creating value from the game itself, Brankin explained.
This was one of the main reasons why the firm’s CEO, Mark Long decided to go down the blockchain route. Users can build a brand, create and then sell in-game assets from the ground up.
“User generated content is clearly a big thing,” Brankin explained, pointing to Roblox and Minecraft as textbook examples.
✦ SHRAPNEL INSIGNIA Beta is now available to the public! ✦
— SHRAPNEL (@playSHRAPNEL) June 16, 2023
Create your own personalised designs and build out your unique brand!
From intricate emblems to eye-catching symbols, custom patterns and elaborate scenes – you can design whatever your imagination desires!
https://t.co/OVQju6PNdv pic.twitter.com/wZkfyzbCmE
Brankin said Neon chose Avalanche because of its scaling capabilities.
Shrapnel can currently process 2 million transactions per hour (555 TPS) which is sufficient for the time being but over time it’ll be easier to scale up on Avalanche, Brankin explained.
Related: Saudi Arabia looks to blockchain gaming and Web3 to diversify economy
Neon will launch an early access version of the game in December to paid users before it evolves into a free-to-play game.
While the limitations imposed on U.S. users serves as a roadblock for Shrapnel’s upcoming launch, the co-founder of Sandbox told Cointelegraph the metaverse (and gaming generally) is dying in the U.S. but thriving in Asia — particularly Hong Kong, South Korea and Japan.
Magazine: Web3 Gamer: GTA owner joins Web3, Bitcoin casino, Sunflower Land review
Press Release. LONDON, ENGLAND – February 2nd, 2023 – Neon Link, a blockchain gaming company building a technologically robust and scalable environment, announced its opening of the presale of the $NEON token, taking place on the 15th February at 5PM UTC, which is set to fuel the next generation of games that sit on top […]
PRESS RELEASE. LONDON, ENGLAND – January 18th, 2023 – Neon Link, a new blockchain and ecosystem, is about to launch on mainnet in Q1 2023. Coming out of stealth after over a year of development, many important features are launching throughout this year: the NEON multi-chain Wallet, Decentralised Exchange, Marketplace, Bridge, Block Explorer, NEON Gaming […]
The cryptocurrency automated teller machine (ATM) company Bitstop has revealed its plans to showcase a non-fungible token (NFT) ATM at the Bitcoin 2022 Conference in Miami Beach this week. According to Bitstop’s co-founder Doug Carrillo, the NFT ATM can not only dispense NFTs but also provides an “in-person minting experience.” Bitstop to Reveal NFT ATM […]
The floor price of Lana Rhoades NFT project has dropped 96.1% while a 24/7 Solana NFT vending machine was officially launched in New York this week.
An anonymous nonfungible token (NFT) collector spent 204 Ether (ETH) worth roughly $488,800 (at the time of writing, considerably more when it occurred) on gas fees to mint 1,000 Tubby Cats NFTs.
In total, the Tubby Cats enthusiast clearly had some capital to burn as they spent more than $720,000 on minting the NFTs including gas fees, according to the Etherscan transaction history.
Following the mint of 1000 NFTs, and with Tubby Cats invading Nifty Twitter timelines, it appears that the community has turned the occurrence into a meme, as various figures have claimed to be Tubby Cat whales in jest.
found it, also not hating! congrats to all who minted. https://t.co/zjL81c0W7I
— Dallasjhawk.eth (@dallasjhawk) February 23, 2022
The project consists of 20,000 NFTs depicting unique computer-generated cat avatars. According to data from NFT marketplace OpenSea, Tubby Cats NFTs have generated 11,600 Ether ($27.7 million) worth of trading volume in just three days since listing on the platform.
We may be going to war but at least I got my tubby @tubbycatsnft pic.twitter.com/KTsPYe3b3E
— cam () (@camallen_) February 24, 2022
Web3 gaming startup Fast Break Labs has closed a $6 million seed funding round to launch an NFT-based fantasy basketball game dubbed the “Virtual Basketball Association” (VBA)
According to a Feb. 23 announcement, the seed round was co-led by Patron and Pantera Capital and included backing from a long list of top names such as Solana Ventures, Blue Pool Capital (the family office of Brooklyn Nets owner Joe Tsai), Riot Games co-founder Marc Merill and Sacramento Kings Co-Owner Aneel Ranadive, to name a few.
The game is slated to launch via an early alpha for 2,000 users, who will have a chance to collect fictional player NFTs and build teams for season 0. Users will be able to earn rewards from the game via player vs player simulated team battles.
"While we're primarily focused on creating a new and fun experience, it was also really important to us to give power back to gamers by allowing them to shape the direction of the game and accrue the economic benefits," said Charles Du, the CEO and co-founder of Fast Break Labs.
Solana-based NFT marketplace Neon unveiled a 24/7 NFT vending machine in New York’s financial district on Feb. 23.
The vending machine was soft-launched back in December but is now officially rolled out and accepts credit and debit card payments. After payment, it dispenses a box containing a unique code that can be used to redeem an NFT listed on the platform.
The firm stated that the vending machine was designed to provide the “simplest, most accessible way to buy, sell and trade NFTs in the real world.”
Speaking as part of the announcement, CMO and co-founder of Neon Jordan Birnholtz emphasized the importance of providing a user-friendly buying experience as a way to remove a barrier to crypto:
“Giving people the choice to use vending machines and an easy online platform that decouples cryptocurrency from NFT participation means we can engage the widest possible audience.”
“NFT buying and selling doesn’t need to be a mystery and you shouldn’t be required to hold Ethereum, write a smart contract, pay gas costs or bridge blockchains to participate,” he added.
The floor price of NFTs from the project founded by popular influencer and pornstar Lana Rhoades has crashed an eye-watering 96.1%.
Rhoades’ CryptoSis NFT collection consists of 6,969 tokens that feature cartoon style depictions of the influencer. The cost to mint plus gas fees totaled 0.18 Ether worth roughly $421, however, the floor price has since crashed to 0.007 Ether ($16) on OpenSea.
The community appears to be unhappy with Rhoades and team behind the project, as Twitter user “Zachxbt” highlighted on Twitter earlier this month that:
“Another dead influencer project. No activity from the team in weeks, roadmap untouched, majority of the funds raised transferred to Coinbase/Gemini.”
@lanarhoades why you delete all your TikTok vids promoting NFT
— TikTok Investors (@TikTokInvestors) February 11, 2022
The project is said to have raised around $1.8 million in profit, and some have questioned why Rhoades deleted their promotional Tik Tok videos about the project since it has gone cold.
New data shows that transfers of NFTs on Ethereum have surpassed transfers of stablecoins and altcoins while the supply of wrapped Bitcoin (WBTC) has remained relatively stagnant since late last year.
Puma joined the growing list of major brands to purchase a decentralized URL and reveal their NFT plans by changing their Twitter handle to Puma.eth on Feb. 22. The German sportswear brand registered the domain name with the Ethereum Name Service.
