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Deciphering the Metaverse: The economic spin-off effect of blockchain gaming

Deciphering the Metaverse: The economic spin-off effect of blockchain gaming

Quick Take

  • This weekly series explores the most interesting insights in NFTs, blockchain gaming, and virtual worlds
  • Prices for plots of virtual land have taken a hit in March, which might herald a cyclical downturn
  • As the required upfront investment for popular play-to-earn economies still remains an obstacle, a secondary economic layer has been established to cater to this audience

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Inside ​​IreneDAO’s plan to help shape the web3 creator economy

On this episode of the Scoop, Irene Zhao and Ben Tang explain how IreneDAO is a proof-of-concept for what the new paradigm of creator/fan relationships could look like in a web3 context.

The post Inside ​​IreneDAO’s plan to help shape the web3 creator economy appeared first on The Block.

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CME Group is considering altcoin futures on Solana and Cardano

CME’s crypto products director said that with the right price index and regulatory climate, altcoin futures contracts are a possibility.

The post CME Group is considering altcoin futures on Solana and Cardano appeared first on The Block.

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Bitcoin mining revenues climb back up to $1.21 billion in March

Bitcoin miners brought in $1.21 billion in revenues during March 2022.

The post Bitcoin mining revenues climb back up to $1.21 billion in March appeared first on The Block.

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March by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take

  • Total adjusted on-chain volume increased by 0.9% to $594 billion.
  • A total of 118,627 Ethereum, equivalent to $346 million, was burned in March.
  • Centralized exchange spot trading volumes increased by 8% to $744.5 billion.
  • Bitcoin futures volume increased by 7.4% to $1.29 trillion.

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Ronin replaces compromised validators and plans to ‘bolster’ security after $600 million hack

Ronin has replaced the compromised validator nodes run by the game’s creator Sky Mavis and its core contributor.

The post Ronin replaces compromised validators and plans to ‘bolster’ security after $600 million hack appeared first on The Block.

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Bitso gave away nearly $400,000 to Brazilian soccer fans in QR code game

Bitso gave away 1,840,500 Brazilian reals (about $387,000) to Brazilian soccer fans during a recent match, using QR codes printed on players’ sleeves to initiate a game of tag for viewers at home. 

The post Bitso gave away nearly $400,000 to Brazilian soccer fans in QR code game appeared first on The Block.

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OpenSea rolls out credit card payments for NFTs

The move is set to expand the NFT marketplace’s customer base to more non-crypto natives. 

The post OpenSea rolls out credit card payments for NFTs appeared first on The Block.

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Bored Ape Yacht Club confirms its Discord was hacked

The team behind Bored Ape Yacht Club team confirmed that its Discord had been compromised today.

The post Bored Ape Yacht Club confirms its Discord was hacked appeared first on The Block.

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Greenidge permit renewal delayed as company debates with regulators

Crypto miner Greenidge’s pending air permit renewal for its upstate New York plant has been delayed to June 30.

The post Greenidge permit renewal delayed as company debates with regulators appeared first on The Block.

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