YOLO IT ALL

NFT's are the new darling in the world of gaming, transforming it into an entirely different universe. As the nonfungible token (NFT) market continues to grow, several gaming companies are creating virtual worlds within a metaverse where the same NFTs can be traded in a whole new scenario. This new concept has taken the virtual gaming world by storm, and projects are constantly springing up to test this concept. It appears that there’s a huge appetite for the metaverse and the NFT marketplace.  Project Nebula, a massive multiplayer online sci-fi game (MMO), brings the 4X strategy genre into blockchain gaming. Players are using various NFT assets (spaceships, planets and more) to advance their interstellar empires and dominate the New Galaxy. TO THE NEW GALAXY Project Nebula is currently past a presale phase and was launched in July 2021. Since then, the project’s NFTs have all been quickly sold out, and hundreds of players are interacting daily and competing with each other in the ...

The attack is the latest in a long string of exploits targeting users on Discord with fake “stealth” NFT drops. Hong Kong-based gaming and venture capital company Animoca Brands and subsidiary Blowfish Studios have promised users that they will repay 265 Ether (ETH) or $1.1 million stolen in a fraudulent nonfungible token (NFT) sale on Discord. The fraudulent minting event occurred at approximately 3 am Australian Eastern Daylight Time on Friday on the Phantom Galaxies Discord server. It saw 1,571 fake minting transactions over the course of about three hours. Phantom Galaxies is an upcoming Australian game being developed by Blowfish Studios. The Phantom Galaxies Discord server has 94,000 members. In an increasingly common occurrence on Discord, hackers gained control of the official Phantom Galaxies server by using a malware bot that compromised the Admin account’s two-factor authentication. Once in control of the Discord server, the hackers banned all staff, advisor and community mo...

Animoca Brands has announced it will partner with Korean record label Cube Entertainment to build a “K-pop metaverse.” Nonfungible tokens (NFT) continue to disrupt the mainstream entertainment industries, with NFT gaming firm Animoca Brands partnering with South Korean record label, talent agency and music production company Cube Entertainment to build a “K-pop music metaverse.” Announced on Monday, the partnership will see Animoca and Cube work together to create multimedia NFTs celebrating popular actors and K-pop musicians on Cube’s roster. The NFTs will feature images such as artist portraits and album art and also include digital sound sources such as full-length albums. Yat Siu, co-founder of Animoca Brands, stated that he cannot wait to begin working with Cube to “make the open metaverse a reality.” Animoca described the partnership as enabling “true digital property rights and other blockchain benefits” for both the artists on Cube’s roster and their fans. Ahn Woo-hyung, CEO of...

"By playing-to-earn and learn, our scholars are gaining critical new skills that will shortly be in huge demand by employers setting up shop in the metaverse," says CGU co-founder Sergei Sergienko. Axie Infinity, a monster-battling NFT game, has been gaining a lot of traction with over $600 million Axie's bought and sold in the past month. Each Axie is a nonfungible token, or NFT, minted on the Ethereum (ETH) blockchain. Similar in theme to Nintendo's Pokemon series, Axies come in different rarity types, with varying strengths and attributes, with the strongest fetching very high prices on the game's marketplace. Players earn Smooth Love Potions (SLPs) by completing daily quests, defeating monsters and battling other players in arenas with their Axies. SLPs can then be sold in exchange for various cryptocurrencies. Due to the high initial cost of buying/borrowing/breeding Axies, in-game guilds have formed as of late to fund players' upfront expenses, or offer ...

Visa Head of Crypto Cuy Sheffield said that mainstream users are setting up “crypto wallets in waves” to be a part of the NFT sector.  Visa Head of Crypto Cuy Sheffield said that investing in cryptocurrency has become a lot cooler, thanks to an influx of creative types drawn in by the booming nonfungible token (NFT) sector. Sheffield was speaking on day one of the Singapore FinTech Festival on Monday. He said that a “whole new class” of mainstream users are flocking to crypto and that NFTs are attracting people with a broad range of interests, such as music, art and culture, who are “setting up crypto wallets in waves.” “Crypto is becoming cultural, it’s becoming cool,” Sheffield said, and added that: “It used to be that if you were investing in crypto, you were kind of weird.” Sheffield believes that blending the entertainment sectors with NFT technology could see crypto wallets become a sort of “super app” where users can discover new content related to their interests as opposed...

Civic’s Ignite Pass aims to combat bots targeting NFT drops on the Solana network by verifying video-based selfies using artificial intelligence. Identity verification tech firm Civic Technologies has launched a free tool to combat botting activity in Solana (SOL)-based NFT drops. According to a Nov. 8 announcement, Civic’s new tool “Ignite Pass” will filter out bots by requiring buyers to complete a liveness verification before being approved to make NFT purchases. Civic’s website notes that users will be required to take a video selfie in order to verify, with an Ignite Pass then being issued to their wallet address upon completion. The pass also remains active for 24 hours to “limit the options of malicious botters verifying multiple wallets. ” The website also outlined that “Civic does not store this video selfie,” but does not clarify if the data is deleted or stored elsewhere. The Ignite Pass is a free version of the firm’s suite of know-your-customer (KYC) and anti-money launder...

Axie Infinity showed the gaming industry just a sliver of what blockchain-based gaming can achieve, and the industry is set to explode in the near future. Anyone who hasn’t been living under a rock is probably aware that the gaming industry has been on an absolute tear. It’s one of the industries that has benefited from the COVID-19 pandemic in a big way.  That said, the average investor might not be aware of the following growth figures: The global gaming market is currently worth $180 billion — the fastest-growing form of entertainment globally. For reference, the global film industry is worth $100 billion and all North American sports combined are $73 billion in terms of annual revenues. Experts predict that the number of online streamers of online games will rise to one billion by 2025 — one in nine people today. Three of the top four most viewed United States sporting events in 2018 were not even traditional sporting events. They were e-sporting events. For example, the League...

The event connects ATOM stakeholders, developers and enthusiasts from all over the world with the latest developments on the Cosmos blockchain. The team behind interoperable blockchain network Cosmos (ATOM) recently hosted the Cosmosverse Conference live from Lisbon, Portugal. Kicking off the two-day event, Zaki Manian, co-founder of decentralized finance, or DeFi, project Sommel and former lead developer at Cosmos and Tender-mint (Cosmos network's core contributor), discussed a number of technologies under development by the Cosmos ecosystem. According to Manian, a development called ABCI ++ will enable the addition of consensus events on other blockchains to the block production process, improving the efficiencies of cross-chain bridges and oracles on the network. Next, developers can use dynamic IBC (dIBC) functionality to introduce governance proposals across different blockchains instead of only IBC token transfers. Thirdl, liquid staking would allow users to stake their ATOM ...

The recent FATF updated guidance made it easy for regulators to pass on issuing new rules for NFTs.  The Financial Services Commission (FSC) in South Korea reaffirmed in a public statement today that nonfungible tokens (NFT) are not virtual assets, and will not be regulated. The confirmation of the decision to keep NFTs unregulated came after a review of the Financial Action Task Force’s (FATF) updated guidelines. The October 28 guidance report from FATF states that “NFT, or crypto-collectibles, depending on their characteristics are generally not considered to be [Virtual Assets].” On November 5, an official from a branch of the FSC said in a statement to reporters: “Due to the FATF position on NFT regulation, we will not issue regulations for NFTs.” Korea’s financial regulator focused on the fact that FATF considered NFTs to be “unique, rather than interchangeable,” — which is of course the definition of nonfungible — and are used as collector items instead of as a means of payme...

In an exclusive interview with Coin telegraph, Zyskind discussed the future of Secret NFTs and exciting developments coming to the Secret Network. On Nov. 2, award-winning writer and director Quentin Tarantino announced he would auction off seven uncut scenes from Pulp Fiction as nonfungible tokens, or NFTs, built on the Secret Network (SCRT). The digitized assets will include the first uncut scripts of the movie, as well as secrets about the film and its creators. While the NFTs will feature public metadata, acting as a sort of front cover of the underlying digitized asset, only the NFT owner will have access to the never-before-seen content — a unique feature of the Secret Network. Regarding the drop, Tarantino said, "Secret Network and Secret NFTs provide a whole new world of connecting fans and artists and I’m thrilled to be a part of that." Secret Network is a layer-one protocol, or blockchain improvement infrastructure, that enables the execution of privacy-by-default s...

With land plots modeled after rover scouting of mars, space enthusiasts gain an opportunity to speculate the actual value of the red planet with NFTs. We might know Mars as the red planet, but many look to the planet as more, being a mystery and a world full of potential. Nearly 60 years ago, scientists believed the planet contained water and life in the form of a plantlike lichen. These initial findings were enough to push the US’ perseverance of a rover landing on Mars. The rover successfully drilled its first Martian rock core for NASA, sparking interest in this new world. Today, rovers and other astronauts continue to learn more about the planet as enthusiasts support the dream of life on Mars. With the exploration of this new world opening up many opportunities, it is no wonder that many people have begun speculating on the planet’s value. Since many won’t get the chance to visit Mars in our lifetime, suggesting one of the only meaningful ways to speculate the value of Mars is thr...

The issuers of the Australian token QOIN are set to face a $100-million lawsuit accusing them of pyramid selling and fraud. The issuer of a controversial cryptocurrency that can only be sold in batches of $125 per day on a single exchange is facing pushback from an Australian law firm. Queensland-based law firm Salerno Law plans to file a lawsuit accusing BPS Financial Limited — the company behind the QOIN token — of engaging in misleading and deceptive conduct, pyramid selling of financial products, and failing to comply with financial services regulations. The lawsuit will seek $100 million in damages. Salerno Law, which specializes in crypto disputes, started collecting expressions of interest from investors and merchants who had incurred losses as a result of the seemingly arbitrary limits placed on QOIN sellers last week. QOIN tokens are issued on the company’s proprietary Qoin blockchain. As such, QOIN is not supported by decentralized exchanges and can only be swapped using the ...

The restaurant has reported a sudden spike in foot traffic after adding SHIB as a payment method to their list of preferred methods. Le Bistrot d'Eleonore et Maxence, a restaurant in Paris, France joins the growing list of mainstream businesses to add Shiba Inu (SHIB) as a payment method. The information came to light from a video shared by a local resident and crypto investor Natheno Davy, showing that the restaurant’s main entrance sported two new “Shiba Inu accepted here” stickers right above the other traditional payment options Speaking to YoloItAll, Davy said that he approached a staff member of the restaurant to reconfirm the addition of SHIB as a payment method before taking the video. Davy later revisited the restaurant with his friends and paid for a EUR 250 (approximately $290) buffet with SHIB. As the video went viral on social media platforms, the restaurant confirmed a sudden spike in foot traffic, “thanking me for my work.” As a seasoned investor, Davy revealed that ...