“Right now it's called play-to-earn, but I think there’s a big push among industry participants to try to rebrand to play-and-earn,” Marc Weinstein, head of platforms at Mechanism Capital, told CoinDesk in an interview. “We want to back games that people want to play regardless of the crypto incentives.” Source link … [Read more...] about Mechanism Capital Launches $100M ‘Play-to-Earn’ Gaming Fund
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One Day After Launch, OpenSea Competitor LooksRare Sells Over $100M in NFTs
“Each trade on LooksRare (except for private sales) incurs a platform fee of 2%, and typically a royalty fee of between 5-10%. The total LOOKS rewards for trading each day are also fixed, and distributed based on traders’ contribution to total trading volume, meaning that there’s no guarantee of the amount of rewards that a wash trader could earn in a day,” reads the … [Read more...] about One Day After Launch, OpenSea Competitor LooksRare Sells Over $100M in NFTs
Pakistan’s Investigation Agency Contacts Binance About $100M Scam
The reported range of investment was $100 to $80,000, with an estimated average of $2,000 per person, taking the total amount of the scam to nearly $100 million. The apps were identified as MCX, HFC, HTFOX, FXCOPY, OKIMINI, BB001, AVG86C, BX66, UG, TASKTOK and 91fp. Source link … [Read more...] about Pakistan’s Investigation Agency Contacts Binance About $100M Scam
Solana DeFi Major Serum’s ‘Incentive Ecosystem Foundation’ Is Raising $100M
The team behind one of Solana’s largest projects is midway through a $100 million raise to expand operations. According to a press release provided to CoinDesk, the Incentive Ecosystem Foundation, the legal entity staffing the team behind the orderbook-based decentralized exchange, is raising the funds to hire and move into new product verticals, including “NFTs, gaming, … [Read more...] about Solana DeFi Major Serum’s ‘Incentive Ecosystem Foundation’ Is Raising $100M
Miner Bitfarms Raises $100M Bitcoin-Backed Loan With Galaxy Digital
“Our new $100 million BTC credit facility adds another component to our diversified financing strategy and contributes significant non-dilutive capital to fund our global growth initiatives, which include four farms with 298 Megawatts mining capacity under construction,” CFO Jeff Lucas said. Source link … [Read more...] about Miner Bitfarms Raises $100M Bitcoin-Backed Loan With Galaxy Digital