Pseudonymous NFT Game Developer Scammed Out Of $1M Worth Of NFTs
A rapid rise in popularity has driven up the average price of CryptoPunks NFT by 53 percent in within one week. Its price surged from $87,000 (34 ETH) on July 24 to a huge $135,000 (52 ETH) yesterday. Scammers became hungry as a result of the fervent enthusiasm in the NFT space. An NFT videogame […]
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Non-fungible tokens, or more generally referred to as NFTs, continue to be a hot topic of discussion within the crypto market. Some argue that they have virtually run out of energy, yet a few recent events appear to indicate the contrary. XCOPY, a pseudonymous cryptocurrency artist, has sold almost $24 million worth of NFTs in […]
On July 20, 2022, Mojang Studios the Swedish video game developer behind the world’s best-selling game of all time said blockchain or non-fungible token (NFT) technologies are “not permitted to be integrated inside [Mojang’s] client and server applications.” Mojang stressed that NFTs or any use of blockchain tech cannot be integrated into any “in-game content such as worlds, skins, persona items, or other mods.”
Mojang Studios Has No Plans to Integrate Blockchain or Introduce NFT Technology Into Minecraft — Blockchain and NFTs are Not....
NFTs are all the rage today. Among their multiple use cases, NFTs in games are one of the most popular utilities. Various industries, including games, music, sports, and more, are using NFTs for a wide range of purposes. NFTs can potentially change how users interact with each other within or outside the gaming world. Let’s find out how the top projects in the blockchain industry are leveraging NFTs and more about the Nine Chronicles NFT project. How is the Gaming Industry using NFTs? Game NFTs have multiple use cases. For one, they help ascertain ownership of in-game assets. This....
The International Game Developers Association (IGDA), a group integrated by a number of game developers and programmers from companies across the globe, has addressed the use of NFTs (non-fungible tokens) in the gaming industry. The director of the group has stated that the introduction of these elements in gaming projects presents “ethical issues,” and this also might represent a “socio-political explosion waiting to happen.”
IGDA’s Take on NFTs
One of the biggest groups comprised of game developers and programmers has given its take when it....
Epic Games has been one of the few major traditional game developers and publishers in the market to show a clear interest in NFTs. While the tier 1 gaming company hasn’t been especially aggressive in the space quite yet, Epic CEO Tim Sweeney has a notorious pro-developer stance, and has expressed that NFTs can show […]