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Blockchain Company Secures $360 Million To Continue NFT And Metaverse Expansion

Blockchain Company Secures $360 Million To Continue NFT And Metaverse Expansion

Blockchain
Animoca Brands has raised nearly $360 million in a new funding round that values the Hong Kong-based blockchain gaming business at $5 billion, the company announced Tuesday. The investment more than doubles its previous valuation of $2.2 billion from October 2021 and brings its total capital raised to almost $700 million. It plans to use the money for acquisitions, product development and licensing additional intellectual property. The funding, which continues an explosive period for blockchain gaming and non-fungible tokens, was led by Liberty City Ventures and included additional investors such as Winklevoss Capital and Soros Fund Management. The market for NFTs exploded to nearly $25 billion in 2021, from just under $100 million in 2020, according to data from NFT sales tracking...
Cardano Blockchain Embraces Metaverse

Cardano Blockchain Embraces Metaverse

Blockchain
As Non-Fungible Tokens (NFTs) explode onto the Cardano blockchain, the Metaverse officially arrives in the form of the pavia.io project, which is somewhat similar in style to Decentraland but build on proof of stake blockchain technology. In the same way the Cardano blockchain took inspiration from the famous mathematician Gerolamo Cardano, this metaverse project takes its name from his 1501 Italian birthplace, Pavia. As art-based NFT sales boom on Cardano, thanks largely to the CNFT.IO trading platform with its pre-smart contract launch in the summer of 2021 and low network transaction fees, early adopters now appear to be turning their attention to NFTs which offer more utility than a social media profile picture ‘flex’. In total pavia.io has some 100,000 Land parcels, each...
Could This Blockchain Technology Company Be The Solution To Safeguarding NFT Assets

Could This Blockchain Technology Company Be The Solution To Safeguarding NFT Assets

Blockchain
It could be argued that NFTs are now well established as a method of digital ownership. Many industry commentators even suggest that NFTs could become a larger and more wide reaching market than cryptocurrencies in and of themselves, including bitcoin. Because NFTs can be used to record ownership of anything, including buying virtual land, books, film rights, game publishing and more, it can be argued that the use cases for NFTs are infinite. When cryptocurrencies were first emerging out of the ‘digital’ world and into mainstream investment portfolios and discussions, many people viewed them as a scam. Cryptocurrency founders and captains of the industry had to work tirelessly to prove the legitimacy digital currency and its secure nature. However, that didn’t stop scammers prey...
Major Bank Plans To Let Customers Take Advantage Of Blockchain Technology

Major Bank Plans To Let Customers Take Advantage Of Blockchain Technology

Blockchain
A cutting edge provider of blockchain-based financial solutions has teamed up with a major bank to offer the bank’s B2B customers blockchain based payments. Tassat, the blockchain company, recently announced the partnership with Cogent bank. The payments are made in real time, and made using a platform fully developed in the US banking system. TassatPay™ enables banks to provide their clients with instantaneous, secure, real-time payments 24/7/365. “Providing our B2B clients with instantaneous payments using the power of blockchain technology, in a regulatory-compliant manner, is critical for competing in today’s fast-paced digital economy,” says Chirag Bhavsar, president of Cogent Bank. “Our B2B clients recognize that blockchain-enabled payments offer better fraud protection...
How Blockchain Can Reinvigorate The Publishing Industry

How Blockchain Can Reinvigorate The Publishing Industry

Blockchain
Blockchain technology is being used in many of the creative industries to protect royalties and copyright. But now, it could also help book publishers boost their profits using novel innovations. Australian book publishers are grappling with global disruption. They are also facing huge changes to their industry. Digital technologies are changing the entire paradigm. There is a lot of economic uncertainty in the industry. But there could be a way out. Researchers at Queensland University of Technology (QUT) are investigating how blockchain technology can help them not only survive, but thrive. Associate Professor Mark Ryan from QUT’s Creative Industries Faculty is leading the project. His team have developed a world-first in the book industry. It is a blockchain prototype system ...
How Blockchain Is Creating New Rules Of Personal Identity

How Blockchain Is Creating New Rules Of Personal Identity

Blockchain
Your blockchain identity can’t just be about government-backed or biometric identity. It should also reflect the identity you’ve created for yourself in the digital world. According to Trust ID, passports and ID cards are the most commonly faked documents. In fact, fake passports have become a major international problem. Since 2002, more than 40 million passports have been reported lost or stolen. Illegal immigrants and terrorists often obtain and use these passports to cross borders. Recently, a man in New Jersey’s Hudson County was sentenced to 27 months in prison for using fake passports to open bank accounts into which he and others deposited phony IRS refund checks, causing the banks to lose more than $450,000. Even in the digital world, our identities are difficult to ...
Renowned Video Game Producer Hints At Imminent Expansion Into Blockchain

Renowned Video Game Producer Hints At Imminent Expansion Into Blockchain

Blockchain
Square Enix president Yosuke Matsuda has published a letter in which he expresses hope that NFTs and blockchain technology will become a "major trend" in gaming. In a New Year's letter, Matsuda expressed what he believes will be major areas of growth for the industry in 2022, including cloud gaming, AI, and blockchain games. The latter "are built upon the premise of a token economy and therefore hold the potential to enable self-sustaining game growth," said Matsuda. "NFTs were met with a great deal of enthusiasm by a rapidly expanding user base. However, we do observe examples here and there of overheated trading in NFT-based digital goods with somewhat speculative overtones, regardless of the observed value of the content provided." The idea of NFTs in games has generall...