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Sorare partners with NBA to launch fantasy basketball game

Sorare partners with NBA to launch fantasy basketball game

The game will be free-to-play, include web3 elements and is slated to launch this fall for the NBA’s 2022-2023 season. 

The post Sorare partners with NBA to launch fantasy basketball game appeared first on The Block.

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Web3 data platform Spice AI closes $13.5 million seed round

The company’s core tool streamlines blockchain data access for AI and machine learning developers. 

The post Web3 data platform Spice AI closes $13.5 million seed round appeared first on The Block.

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Web3 wallet Omni raises $11 million in seed funding at a $50 million valuation

Web3 wallet Omni has raised $11 million in seed funding at a $50 million valuation following its rebranding. It was previously named Steakwallet. 

The post Web3 wallet Omni raises $11 million in seed funding at a $50 million valuation appeared first on The Block.

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The Merge: Ethereum upgrade Bellatrix is live, what comes next? 

Bellatrix has been implemented. Now all eyes are on Ethereum and waiting for The Merge in around a week’s time.

The post The Merge: Ethereum upgrade Bellatrix is live, what comes next?  appeared first on The Block.

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Urgency to draft U.S. crypto regs has slowed since market collapse, top banking regulator says

Acting Comptroller of the Currency Michael Hsu said regulators moving forward methodically to ensure they “get it right.” 

The post Urgency to draft U.S. crypto regs has slowed since market collapse, top banking regulator says appeared first on The Block.

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Decentral Games: A Profitable Metaverse-based Casino

Quick Take

  • Decentral Games is a metaverse-based poker game where players can earn ICE on Decentraland.
  • It has garnered a total revenue of $36 million since its inception at the end of 2020, but its monthly revenue has been declining this year.
  • Despite the downtrend in revenue, its treasury balance is well diversified into several asset classes, adding up to a total balance of $20 million.
  • This research piece provides an in-depth analysis of the token model of its game, which could potentially harm the game’s economy in the long term if not addressed.

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Crypto firms rush to offer Ethereum staking ahead of The Merge

As the Ethereum blockchain gears up for its move to proof of stake crypto exchanges and banks are lining up to offer staking rewards.

The post Crypto firms rush to offer Ethereum staking ahead of The Merge appeared first on The Block.

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Bitcoin miner CleanSpark bought 10,000 ASICs at a ‘significantly discounted’ price

Bitcoin miner CleanSpark announced that it acquired 10,000 more ASICs, leveraging favorable market conditions.

The post Bitcoin miner CleanSpark bought 10,000 ASICs at a ‘significantly discounted’ price appeared first on The Block.

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Gaming firm Gameplay Galaxy raises $12.8 million in seed funding to build decentralized competitive games

The firm intends to use the seed funding to expand its blockchain-based gaming ecosystem as well as bolstering its team.

The post Gaming firm Gameplay Galaxy raises $12.8 million in seed funding to build decentralized competitive games appeared first on The Block.

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Thai SEC files police complaint against Zipmex and its co-founder

Thailand’s SEC has filed a complaint against Zipmex and its co-founder Akalarp Yimwilai, saying the exchange failed to provide complete data.

The post Thai SEC files police complaint against Zipmex and its co-founder appeared first on The Block.

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