NFTs Gaming CEO apologizes for losing 12% of startup capital through crypto t...
0xfanfaron has vouched to personally compensate the firm's treasury for all trading losses. According to a recent blog post, 0xfanfaron, CEO of nonfungible tokens (NFTs) gaming project Ragnarok, apologized publicly for his missteps in leading the company. Ragnarok is a crypto startup that brought in $15.5 million worth of Ether (ETH) for gaming development in April through its first-ever NFT sale. However, 0xfanfaron disclosed:"We exchanged the ETH from the mint for 15.5 million in USD Coin. As it turns out, this was a good move in treasury management. But when ETH's price went down, I....
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Although the overall crypto market has displayed bearish sentiment throughout 2023, investments in blockchain gaming projects painted a contrasting picture. Data from the decentralized app tracking platform DappRadar reveals some intriguing insights about the flow of capital into the blockchain gaming sector. Even as crypto markets remained volatile, the commitment from investors toward gaming projects […]
PRESS RELEASE. GemUni, a Decentralized NFTs Gaming Platform for Play To Earn, has announced that its upcoming Initial DEX Offering (IDO) will be conducted on three launchpads GameFi, Red Kite, and KrystalGO on January 19th. GemUni is building a Decentralized NFTs Gaming Platform for everyone around the world to engage in Fun, Easy, and Play to Earn NFT Casual Games and Signature Games. Users can enjoy fun games while monetizing their experiences with gaming platform rewards and GENI Pass NFTs transactions.
A Great Head Start
Since its announcement, GemUni has been....
NFTs in gaming have been a hot topic in recent months, but one that hasn’t yet truly seen the light of day – outside of crypto-dedicated projects. While traditional gaming brands and properties have generally shared some sort of sentiment around NFTs, none have made any real splash into the blockchain space yet. That could […]
Well-known streamer Dr Disrespect is earning back respect (no pun intended) from the gaming community as he ties his gaming development company Midnight Society with NFTs. Midnight Society is rolling out 10,000 “Founders Access” to NFTs for early community members of the platform. The NFTS, which will exist on the Polygon blockchain, will cost $50 […]
Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn features and issue its own tokens.
Cryptoys Raises $23 Million in Series A Round
The NFT market is facing a slump phase that is affecting prices and the popularity of NFT projects recently. However, there are projects that have managed to stay afloat and even thrive. One of them is Cryptoys,....