The main category of NFT News.

You can use the search box below to find what you need.

Filter by Custom Post Type

25 05, 2025

FIFA Partners with Avalanche to Launch the Unique Layer 1

By |2025-05-25T01:49:18+03:00May 25, 2025|News, NFT News|0 Comments


FIFA, the global football governing body, has teamed up with Avalanche to develop a dedicated Layer 1 blockchain, marking a significant step in its Web3 strategy to enhance fan engagement and digital collectibles.

FIFA Scores Big with Avalanche-Powered Layer-1

FIFA, the world’s leading football authority, has announced a groundbreaking partnership with Avalanche to create its own Layer 1 (L1) blockchain, signaling a major expansion of its Web3 initiatives. This move builds on FIFA’s earlier foray into blockchain technology, which began in 2022 with a non-fungible token (NFT) collection launched on the Algorand blockchain ahead of the Qatar World Cup. 

The new FIFA Blockchain, powered by Avalanche’s high-performance technology, aims to deliver digital collectibles and innovative fan experiences to its global audience of over five billion fans. This strategic collaboration underscores FIFA’s commitment to leveraging blockchain for scalable, secure, and fan-centric digital solutions.

FIFA Partners with Avalanche to Launch the Unique Layer 1

The decision to build a custom L1 blockchain reflects FIFA’s vision to establish a long-term digital ecosystem tailored to its unique needs. Unlike its previous NFT efforts, this proprietary blockchain offers greater control, scalability, and flexibility, allowing FIFA to streamline operations and enhance user experiences. The Avalanche L1, formerly known as a subnet, is designed to handle high transaction volumes, making it ideal for global-scale applications like the World Cup. 

According to John Nahas, chief business officer at Ava Labs, “FIFA’s decision to launch its L1 on Avalanche is a testament to our technology’s ability to support global-scale applications with speed, flexibility, and security.” 

The partnership also involves Modex, a Web3 technology company, which will lead the development of FIFA’s digital collectibles marketplace, FIFA Collect.

FIFA Embraces a Web3 Future for Sports

FIFA’s blockchain ambitions extend beyond digital collectibles, hinting at a broader Web3 strategy. While the organization has only revealed plans for its World Cup NFT collection and FIFA Collect marketplace, potential applications could include fan tokens for voting on club decisions, secure digital ticketing, or blockchain-based fantasy leagues. 

Learn more: What Are Fan Tokens? Top Fan Tokens on Binance

These initiatives aim to provide fans with verifiable digital ownership and immersive experiences, transforming how they interact with the sport. The move signals that blockchain technology remains relevant for major enterprises, even after the NFT market’s decline during the crypto winter.

This partnership has also positively impacted the price of the AVAX token. AVAX is currently trading around $25.24, up more than 10% over the past 14 days.

FIFA Embraces a Web3 Future for SportsFIFA Embraces a Web3 Future for Sports

Source: TradingView

However, challenges remain, including educating non-crypto-native fans and ensuring regulatory compliance across jurisdictions. By building on Avalanche’s scalable infrastructure, FIFA is well-positioned to overcome these hurdles and redefine digital fan engagement in football.



Source link

23 05, 2025

Earn Free Bitcoin & DOGE Daily

By |2025-05-23T21:30:29+03:00May 23, 2025|News, NFT News|0 Comments


As the crypto market continues its strong recovery in 2025, more and more beginners and everyday investors are turning to a simple, low-risk way to earn crypto: free cloud mining. This AI-driven mining model eliminates the need for technical knowledge, mining machines, or upfront capital—allowing anyone to earn Bitcoin (BTC) and Dogecoin (DOGE) daily with zero cost. It’s truly a way to start generating passive crypto income with zero investment.

If you’re looking for the free Bitcoin cloud mining platform in 2025 or want to understand how to mine Dogecoin legally and safely, this guide will help you get started fast.

Miningcoop: One of the Most Popular Free Cloud Mining Platforms in 2025

Miningcoop leverages a cutting-edge AI algorithm dispatch system and a network of green, global data centers to deliver a smart, energy-efficient mining experience. The platform guarantees stable daily earnings and ensures asset safety through a transparent, legally registered operation.

Designed for accessibility, Miningcoop supports both mobile and desktop platforms, allowing new users to launch their first cloud miner in just a few minutes—no hardware, no installations, and no technical skills required.

Key Benefits of Miningcoop:

  • Get $100 free mining credit upon registration
  • Earn Bitcoin and Dogecoin daily—auto-settled into your account
  • No mining equipment, no wallet linking, no upfront investment
  • Flexible contract durations—starting from just 1 day
  • Withdraw earnings to BTC, DOGE, USDT, or ETH wallets
  • UK-registered with full compliance and no hidden fees

Miningcoop Cryptocurrency Investment Plan Table:

Miner Model Price Contract Duration Daily Earnings Total Return Capital Refund
Jasminer X4 Mini 450 MH/s $200 1 day $6.00 $6.00 Yes
Goldshell LT6 3.35 GH/s $2,600 5 days $78.00 $390.00 Yes
Bitmain Antminer T21 190 TH/s $4,500 6 days $148.50 $891.00 Yes
Bitmain Antminer S21 200 TH/s $30,000 10 days $1,350.00 $13,500.00 Yes

Click to visit the official Miningcoop website and claim your $100 free cloud mining credit now.

Real User Story: Earning Crypto Daily from $0

Anh, a university student from Vietnam, registered with Miningcoop at the beginning of 2025. With the free $100 mining credit he received upon signup, he began earning small amounts of DOGE daily—without spending a dime.

Later, he tried the 1-day and 2-day short-term contracts and increased his daily earnings to over $15.

“I’ve never bought a mining rig and knew nothing about blockchain, but I just wanted to try it out. Turns out, I can actually earn crypto without paying anything. Miningcoop is truly reliable.”Anh

Why Free Cloud Mining Is Exploding in 2025

Traditional mining has high barriers: expensive equipment, huge electricity bills, noise, and technical complexity. But the new wave of AI-powered cloud mining platforms like Miningcoop completely transforms the experience. They are perfect for:

  • Users with no prior crypto investment experience
  • Low-budget investors who want to test the waters
  • Beginners who don’t want to take big risks
  • Anyone looking for a stable daily income from crypto

How to Start Free Bitcoin & Dogecoin Cloud Mining on Miningcoop

Start your passive crypto income journey in just 3 easy steps:

  1. Visit miningcoop.com and create an account
  2. Claim your $100 free credit and start mining DOGE or BTC immediately
  3. Watch daily profits arrive automatically—withdraw or reinvest as you choose

There’s no need to download anything, no wallet setup, and no investment required. It’s truly a zero-barrier way to mine crypto.

Conclusion:

In 2025, free cloud mining is no longer a dream—it’s a real opportunity to enter the crypto space with zero cost. By choosing a trusted, legal, and AI-optimized platform like Miningcoop, anyone can earn Bitcoin and Dogecoin daily, without any equipment, knowledge, or investment.

Whether you’re a beginner or a small investor, now is the perfect time to start your passive crypto earnings journey.

Sign up at Miningcoop.com now, claim your $100 cloud miner credit, and watch your Bitcoin and Dogecoin grow—starting today, for free.



Source link

23 05, 2025

How attacker used fake tokens to swipe $220m from Sui DeFi exchange Cetus – DL News

By |2025-05-23T01:17:39+03:00May 23, 2025|News, NFT News|0 Comments


  • The attacker exploited flaws in Cetus’ smart contracts.
  • Cetus is the biggest DEX aggregator on Sui.
  • Several Sui-based tokens crashed due to the exploit.

The Sui blockchain is reeling from a major exploit that affected one of its biggest protocols.

On Thursday, Cetus, the largest decentralised exchange aggregator on Sui, suffered a security breach that resulted in a theft of $220 million. The attacker exploited flaws in the protocol’s smart contracts to drain funds.

While Cetus said it acted promptly to stave off the attack and paused its smart contracts to prevent further losses, the incident caused the value of several Sui-based tokens to plummet, including Lofi, which crashed 76%, and Hippo, which slumped 81%.

How they did it

The attacker managed to pull off the exploit by taking advantage of flaws in Cetus’ smart contracts. They sent spoof tokens to Cetus that didn’t have any market value.

Vulnerabilities in Cetus smart contracts allowed the attacker to trick the protocol into behaving like the tokens were valuable. The attacker used these worthless tokens to skew price data on Cetus and drain the protocol’s liquidity pools.

“Imagine going to a toy exchange, you bring fake toys that look valuable but are actually worthless, then you trade them for real toys and run,” Manan Vora, director at Liminal, a crypto custody company, posted on LinkedIn in reaction to the incident.

“That’s basically what just happened on Sui.”

Since liquidity pools are critical cryptocurrency reserves on exchanges that allow traders to swap tokens, and Cetus is the biggest DEX on Sui, the attack caused several tokens on the network to crash.

USDC stablecoin on Sui depegged to zero following the attack.

The attack also significantly impacted Sui’s DeFi ecosystem, with the total assets held by investors in the network plummeting by over $330 million on Thursday.

Cetus’ total assets held on the protocol also suffered a massive 84% drop on Thursday to $38 million.

Cetus reaction

The Cetus team reported that thanks to its recovery efforts, it froze $160 million of the syphoned funds and is working to return it to the protocol.

Cetus stated on X, “We are working with the Sui Foundation and other ecosystem members right now on next-step solutions with the goal of recovering the remaining stolen funds.”

The Sui Foundation added, “A large number of validators identified the addresses with the stolen funds and are ignoring transactions on those addresses until further notice.”

Validators are the backbone of blockchains like Sui as they verify transactions and enforce the protocol’s rules. By ignoring transactions associated with the hack, the validators are effectively enacting a consensus-based censorship akin to the freezing of bank accounts in traditional finance.

Still, the attacker managed to extract more than $60 million from the exploit. Onchain data shows the funds have been transferred to the Ethereum blockchain and swapped for USDC stablecoin. The attacker’s wallet still has more than $37 million worth of assets.

Cetus’ security breach is the biggest DeFi hack in 2025, a year that has also set the record for the single largest crypto hack of $1.4 billion from the Bybit crypto exchange.

Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. Got a tip? Please contact him at osato@dlnews.com.



Source link

22 05, 2025

Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

By |2025-05-22T21:14:29+03:00May 22, 2025|News, NFT News|0 Comments


The web3 gaming space, once hailed as the future of interactive entertainment, is facing a wave of shutdowns.

In an X post, web3 game content creator and Ronin Network ambassador Tr3vor (@tr3vorx) highlighted several web3 games that announced their closure this year. He listed 15 games—including titles like Nyan Heroes, Mystery Society, and Blade of God—as well as developers themselves, that are either paused, already shut down, or set to close in 2025. In addition, two other games not on the list have also announced their shutdowns earlier this year.

Web3 Game Closures in 2025

Anterris

Anterris is an open-world third-person creature-collecting RPG that allows players to collect Pokémon-like 3D creatures. It is created by blockchain game developer Battlebound, known for creating Evaverse.

Anterris was made available for playtesting on the Monad testnet. The playtest ran from February 19 to February 23, during which players could also collect testnet non-fungible tokens (NFTs).

There were online sources that claim that Anterris was made available for playtesting on Steam, though an official release date has not yet been announced.

Advertisement

PDAX Banner

Gameplay:

Anterris is an open-world creature-collection game where players explore diverse regions to discover and capture wild creatures called Antera. Each area features unique Antera, encouraging exploration by land, air, and sea.

Players form battle squads using captured Antera, each with distinct spells and ultimate abilities. Dungeons offer powerful artifacts that enhance or modify abilities and can be tackled solo or with friends, rewarding teamwork with rare items and experience.

Closure Reason:

The web3 game has been put on indefinite hold following the shutdown of its developer, Battlebound. The developer announced its closure after four years of building .

The studio cited a lack of funding and “remarkably challenging market dynamics” as the reason for the shutdown, despite efforts to extend its runway and secure a new funding round.

They stated that while the project had gained momentum with thousands participating in the latest playtest, its future is now uncertain.

The team described the game’s status as “paused,” leaving open a possibility for revival if new funding is secured.

“Despite the recent traction, we’ve been building for four years with a lean, scrappy team, extending our runway as far as possible while trying to secure our next funding round… Ultimately, we’re in the same position as many studios before us, closing our doors due to remarkably challenging market dynamics.”

BattleBound, Developer, Anterris

Blade of God

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Developed by Void Labs, Blade of God X (BOGX) is a blockchain-powered action role-playing game that introduces a “play-to-train” mechanic, allowing players to influence the training of AI models through in-game actions.

BOGX blends advanced AI agents with blockchain technology, allowing real-time AI development through gameplay. Set in a mythological world of fallen gods and chaos, the game aims to push beyond traditional gaming by merging storytelling, AI, and digital interaction into a unique and immersive experience.

The game is backed by major crypto investors; Blade of God X also raised $6 million in funding to merge blockchain mechanics with advanced AI last year.

Gameplay:

Set in a Norse mythology-inspired world, players become an “Inheritor,” a reborn warrior starting their journey in the fiery land of Muspelheim.

As they explore realms connected by the World Tree—Voidom, Primglory, and Trurem—they face choices between sacrifice and redemption, with the power to influence the world’s fate using ancient artifacts or guidance from gods like Odin and Loki.

Web3 Exit Reason:

A former executive of Blade of God X (BOGX) accused the project of abandoning its web3 development after securing funding from the crypto space. Amber Bella, the game’s former chief marketing officer, claimed the web3 roadmap was dropped, her team’s salaries were withheld, and promised NFT-related player benefits were ignored.

Bella also alleged that the game’s founder, Tnise Liu Yang, blocked her from communication when she requested refunds for NFT buyers and in-game purchases. She further accused the web2 team of unfairly claiming cash rewards meant for players by using insider accounts.

Despite early support from web3 investors, the game reportedly shifted toward a purely web2 focus.

As of writing, Blade of God X has not publicly responded to the allegations.

Blast Royale

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Blast Royale is a mobile battle royale game available on iOS and Android. Its white paper highlighted that it combines fun, competitive gameplay with blockchain features, letting players fully own in-game items like characters and gear.

Players can join matches, complete battle passes, enter tournaments, and earn rewards based on their skills. There are also fun mini-games, events, and leaderboards. Players can trade items they earn, compete in leagues, or even try becoming a pro player.

The game uses the $NOOB token, which powers the Blast Royale ecosystem, called the “Blastverse.” $NOOB is used for trading, unlocking features, and giving players a voice in how the game evolves.

Gameplay:

Players compete in a survival match where the goal is to be the last one alive. They can choose where to drop on the map.

During the match, players search for rare crates with powerful guns, plus ammo, health packs, armor, and other items scattered around. They can also pick up items dropped by other players. However, most items collected do not carry over after the match, except for special Coins, which can be used in the bigger game world.

Players earn rewards based on how well they do in a match—the better they place, the bigger the rewards. Progressing through the Blast Pass, Fame system, and Leaderboards gives players currencies and cosmetic items they can use or trade.

Players also earn trophies based on their match placement and kills. Collecting more trophies helps players climb the Trophies Leaderboard and win special prizes.

Closure Reason:

In its Discord server, the developers of Blast Royale announced that they will officially cease development of the game, with servers set to close on June 30, 2025. In a separate message, the team said the decision came after exhausting all other options.

As a parting gesture, the game will be made fully open source starting June 1, allowing the community to access, use, modify, and redistribute the game’s code without restrictions. The original development team will provide support to any community members interested in continuing the project.

All in-app purchases have been disabled, and the team has pledged to unlock and distribute all remaining scheduled $NOOB, which will remain tradable on Aerodrome.

The Blast Royale Discord server will stay open as a community space, and the team encourages players to enjoy the remaining time, explore new characters, and join the final events and livestreams.

Champions Ascension

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Champions Ascension is a play-and-earn fantasy combat game set in the gladiator-style world of Massina.

The game runs on the Polygon network and does not require players to own NFTs or connect a wallet to play or enjoy the full experience, making it a free-to-play game.

Players can buy and sell unique NFT characters and in-game items through the Grand Bazaar, the game’s official marketplace, or supported third-party platforms. Each NFT character is one-of-a-kind, and its progression and traits are tied to the player’s choices—making these assets tradeable along with their in-game history. 

Last year, it won the Best Fighting Game award at the Gam3 Awards 2024. The game is available via the Champions Ascension website or Epic Games Store.


Gameplay:

Starting as Grunts, Champions can ascend through ranks to become powerful NFTs called Eternals, unlocking new abilities and earning crypto rewards along the way.

Combat is strategic, influenced by each Champion’s Family, Class, Essence type, and unique body Parts. Players can fight in multiplayer PvP modes like 1v1, 3v3, and Free-For-All, or explore PvE battles like boss fights. Hardcore modes offer premium rewards but come with the risk of permanent Champion death if they are not Eternal.

Players earn Essence to level up, craft items, and ascend Champions. Prime Eternal NFTs offer special perks like daily rewards and rare abilities. 

Closure Reason:

In its Discord server, Luke Jech, the marketing manager community and social at Rough House Games, announced the temporary shut down of Champions Ascension servers, including features like Imperial Expeditions and Dudo, as the development team shifts focus to a new initiative called REACH Labs. This move aims to allocate full resources to REACH, a web3 publishing platform co-developed by Rough House Games and Overworld.

Despite the pause, KEYS rewards will still be distributed to eligible players, ensuring continued recognition of their in-game efforts. Developers laso assure the community that Champions Ascension is not canceled but being re-evaluated, with future updates to follow after REACH’s official launch.

“REACH is our next big step—an ambitious project with the potential to redefine distribution for gaming and beyond. While Champions Ascension development and servers are on pause, the technology we’re building will play a key role in shaping its future.”

Luke Jech, Marketing Manager Community & Social, Rough House Games

Derby Stars and Derby Race

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Derby Stars is a blockchain-based horse racing metaverse game built on Polygon, where players can own, breed, train, and trade unique horse NFTs composed of over 10 customizable body parts. On the other hand, Derby Race is a real-time pick-to-earn horse racing game playable on Telegram.


Gameplay:

Derby Stars integrates play-to-earn mechanics, users participate in races, develop their horses’ skills, and earn crypto rewards not only through winning but also via training and breeding. The game features a dual-token economy with both governance and utility tokens.

Derby Race offers quick, engaging two-minute gameplay sessions where players can predict and pick winning horses to earn web3 rewards.

Closure Reason:

In a blog post, HypeDream CEO Ham Seon-Woo, announced that web3 games Derby Stars and Derby Race, have officially shut down due to prolonged financial difficulties. He noted that the team faced major setbacks beginning with the 2022 Terra crash, which wiped out their NFT revenue and a large portion of seed funding. 

According to him, although they relaunched on Polygon and later attempted a migration to Immutable, the projects failed to attract sufficient investment or user growth, ultimately leading to the decision to terminate all services.

Goombles

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Goombles is a 3D tower defense game that aims to bridge the gap between web2 and web3 through gaming and physical products. Built on top of the Cardano blockchain, Goombles features collectible, candy-themed characters that serve as access passes to exclusive perks, events, future drops, and content. 

While not a play-to-earn game, Goombles uses blockchain technology to enhance the experience, offering surprises and rewards tied to owning different types of Goombles NFTs.


Gameplay:

Goombles is a tower defense game where players defend their base in the candy-themed world of Sweetopia from waves of tricky enemies called Sours by strategically placing towers and controlling powerful Mechs. 

Players start with a Mech NFT avatar and use it alongside upgradeable towers to slow, attack, and outsmart enemies, progressing through single-player adventures, player-versus-player battles, and team competitions. 

Closure Reason:

In an X post, Goombles shared a screenshot of an announcement revealing that after over two years of development, the team has decided to halt active progress on the game. Although the game launched in 2024 and saw 339 players install it, the level of engagement wasn not sufficient to support further expansion. 

The creators noted that while active development has ceased, the servers will stay online for players to continue enjoying the game. 

Jungle

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Jungle is a web3 gaming publisher specializing in hybrid games that are mobile-first, community-focused, and powered by blockchain technology. 

Its first game, For The Win (FTW), a mobile shooter game, reportedly saw over 100,000 downloads in initial LATAM testing and was set to expand globally.

Closure Reason:

In a screenshot of an announcement, Grail.ETH (@graildoteth) revealed on an X post that Jungle will stop all future web3 development and instead concentrate on developing their game exclusively as a mobile free-to-play title. 

The statement noted that following a year of strong community engagement through game nights, tournaments, and NFT sales, the team chose to prioritize the project’s sustainability by shifting all development offchain and discontinuing active web3 integration.

Kryptomon

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Kryptomon is a web3 mobile MMORPG where players collect, breed, train, and battle unique NFT creatures called Kryptomons, each represented by a distinct genetic code stored on the blockchain. 

In 2023, Filipino-led social gaming platform Playdex launched a rental marketplace for Kryptomon: Genesis, allowing players to rent Kryptomon NFTs for as little as ₱1 per day. 

Gameplay:

Kryptomon: Genesis is a blockchain-powered web3 RPG set in the metaverse of Kogaea, where players act as “Trainers” who explore, complete quests, and engage in battles using NFT-based digital creatures called Kryptomons. Core blockchain features include true ownership of NFTs, play-and-earn mechanics that reward players with $KMON tokens, and secure digital asset management through web3 integration.

To start playing, users need three Kryptomon NFTs, which can now be rented via Playdex for as low as ₱1 per day. These rented assets can also be used in upcoming tournaments on Playdex’s GameHub, offering players the chance to compete for leaderboard prizes and earn additional rewards.

Closure reason:

In the X thread of Tr3vor, he shared a screenshot of messages from the Kryptomon (KMON) Discord community indicating that the game’s development has been put on hold due to a lack of funding. 

As per the messages, the team has run out of resources and is currently seeking new funding or a potential buyer to revive the project. 

“Games are offline. Still looking for funds or someone to possibly buy the project to continue developing… If the team is able to find more funds or sell to someone we may be able to get the game turned back on… No earning right now. Development is sort of on pause while the team restructures and tries to find more funding.”

Soul Alwayson, Community Moderator, Kryptomon

Loot Legends

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Loot Legends is a free-to-play mobile dungeon crawler game developed by HYCHAIN, available on both the App Store and Google Play. It features over 10 chapters, 200 dungeon levels, and 1,500+ items including weapons and armor.

The game uses different types of in-game currency like Diamonds, Gold, and Honor Medals, with $TOPIA, at the center of its economy. Players can earn $TOPIA through gameplay and use it for discounts on premium items. It also includes a marketplace called The Outpost, where players can trade in-game items as digital collectibles.


Gameplay:

In Loot Legends, players dive into a roguelite dungeon crawler where every run is a unique adventure. 

They explore over 200 handcrafted dungeon levels across more than 10 chapters, battling monsters, dodging traps, and defeating powerful bosses. Along the way, players collect valuable loot like weapons, armor, and special items, which can be upgraded or crafted to enhance their power. 

The game features both solo and multiplayer modes, including guilds, raids, and PvP challenges. With a mix of action, strategy, and loot-hunting, Loot Legends offers a fast-paced and rewarding gameplay experience.

Closure Reason:

On February 28, 2025,  HYCHAIN announced that it is shutting down its game publishing division to concentrate exclusively on the development of HYTOPIA, the company’s flagship gaming platform.

The decision marks the end of HYCHAIN’s publishing efforts, which included titles like Loot Legends and Dragon Legends. According to the company, the move is aimed at streamlining operations and directing resources toward HYTOPIA, where it sees the greatest long-term potential.

Loot Legends, a web2 game that HYCHAIN acquired and brought to web3, will remain live but will no longer receive active updates. The game was highlighted to have previously attracted over 25,000 active players and developed a dedicated community.

Metalcore

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

MetalCore is a mech-based combat game that emphasizes intense, strategic multiplayer battles, developed by Studio 369. The game combines first-person and third-person shooting with deep crafting and vehicle fabrication.

The game is currently in Early Access on Epic Games. MetalCore is built using Unreal Engine 5 and supports both co-op and competitive multiplayer. Season 1, launched on September 12, 2024, introduced a new MetalPunks theme, leaderboards, and tournament support.


Gameplay:

MetalCore is a free-to-play, post-apocalyptic, blockchain-based MMO that combines first-person shooter gameplay with large-scale PvE and PvP battles, allowing players to fight for one of three factions using customizable war machines like mechs, tanks, and jets, earn NFT-based in-game assets, and eventually engage with a dual-token economy featuring governance (MTP) and utility (FAB) tokens.

Initially built on Immutable X’s zkEVM on Polygon to enable blockchain integration, including NFT ownership and item trading, MetalCore is said to be transitioning its blockchain infrastructure to Solana for enhanced scalability and performance.

Closure Reason:

According to Tr3vor, there is no official announcement from Metalcore’s developers but “it looks like the game has been abandoned. No statements to put off the speculation fire.”

In Metalcore’s last X post, it thanked players for joining the ita Battlegrounds event and announced that its servers and Discord channels will be temporarily offline to implement important game changes. While they assured the community of their return soon, there has been no other post on the account since March.

Mystery Society

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

The Mystery Society is a web3 social deduction game developed by Great Big Beautiful Tomorrow, a studio led by Chris Heatherly, a former executive at Disney and Universal, emphasizing deception, teamwork, and strategic discussions.

Although development is currently suspended, the game was in pre-launch playable on desktop via Immutable Passport login or downloadable via Google Play Store.


Gameplay:

Players assume roles as family members in a haunted castle, with some secretly acting as impostors. While the group works to complete challenges, impostors sabotage their efforts.

The core gameplay revolves around deduction and deception, where players hold meetings to discuss and vote out suspected impostors, blending strategy, social interaction, and teamwork in a suspenseful and entertaining experience.

Closure Reason:

On a February 25, 2025, X post, The Mystery Society has announced it is suspending development, citing difficulties in securing funding amid the current challenges facing the web3 gaming industry. Plans for the $MYSTRY token are now on indefinite hold. Players who purchased in-game gems will receive refunds.

While the game will remain live temporarily, the team is exploring a potential relaunch on Steam without web3 elements and is open to partnering with publishers from either web2 or web3. 

Nyan Heroes

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Nyan Heroes is a free-to-play, Solana-based hero shooter developed by 9 Lives Interactive, inspired by games like Overwatch, players control cats piloting mech suits called guardians, each with unique abilities and customizable loadouts.

The associated NYAN token, launched in May 2024, can be earned through play-to-airdrop campaigns and will be used for unlocking rewards, paying fees, renting assets, and governance.

Gameplay:

Nyan Heroes was a shooter game where players controlled cats piloting powerful robots. Each cat had its own style and skills, and the robots came in different classes with special abilities.

Players could upgrade and customize their robots with add-ons. The game also featured fast, agile movement and offered different game modes for variety and fun battles.

Closure Reason:

Nyan Heroes announced that it is shutting down due to lack of funding, despite having attracted over 1 million players during four pre-alpha playtests on Epic and Steam platforms.

The game’s developer, 9 Lives Interactive, cited difficulties securing capital despite talks around publishing deals, grants, and acquisitions.

Although there is still hope the studio or IP might be acquired, the future of the game remains uncertain. 

“Despite these accomplishments and discussions around publishing, new investments, grants and acquisition – we weren’t able to secure the required capital to see the game to completion. This is not the outcome we were hoping for. The industry is in a tough spot right now and Nyan Heroes will unfortunately be closing its doors.”

Nyan Heroes

RoboKiden

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

RoboKiden is a fast-paced, team-based action game. Blending third-person shooting, co-op gameplay, and MOBA-like strategy, it features a variety of characters, quirky weapons, and bots. Available on PC, PS5, Switch, and Xbox Series X with crossplay, it delivers intense, strategic robot battles.

Gameplay:

RoboKiden blends teamwork, strategy, and diverse weaponry, where each player controls their own unique character in dynamic matches typically lasting around 10 minutes.

Players pick unique characters, use crazy guns and helpful bots, and fight to control key points on the map. 

Reason:

While the developers did not explicitly state the game’s shutdown, there has not been another post on its X account after it shared the post mortem report on the hack on its smart contract last February. 

On December 25, 2024, a vulnerability in RoboKiden’s team vesting smart contract on Avalanche was exploited, allowing an attacker to steal 38.7 million $KIDEN tokens. The flaw stemmed from a missing ownership check in the contract’s initialization function. The attacker swapped the stolen tokens for $WAVAX and sent the funds to their wallet. 

According to RoboKiden, as $KIDEN’s price plummeted, three buyers acquired the stolen tokens cheaply and transferred them to MEXC, complicating recovery. In response, RoboKiden pulled liquidity from DEXs, warned the community, and began working with exchanges and law enforcement to investigate. 

The team noted that the attack caused major damage to the token’s stability and team resources.

Rumble Kong League

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Rumble Kong League is a web3-based three-versus-three arcade basketball game that blends fast-paced, over-the-top basketball action with blockchain technology and NFTs.

Set in Athlos City, players can explore quests, challenges, and minigames while rising through leagues to unlock rewards.

The game was made available on Google Play Store and Apple App Store. It is also one of the games built on Ronin.

Gameplay:

Players can own or rent unique Kong NFTs and compete in short, action-packed matches using special skills, stylish dunks, and strategic moves.

Its core gameplay is AI-driven but still influenced by player input, ensuring dynamic, skill-based competition. It also features a play-and-earn system, allowing players to earn in-game rewards that can potentially be converted into real-world currency.

Closure Reason:

While there are no official statements from the developers, Ronin ambassador StarPlatinum (@StarPlatinumSOL) expressed disappointment over the downfall of Rumble Kong League, highlighting that despite years of hype, including NFT launches and celebrity endorsements like Steph Curry, the project failed to deliver.

According to them, the team behind the game later told the community that they were “starting from zero,” stopped paying moderators two months ago, and now appears to have abandoned the project, possibly selling it to a company in Brazil.

Tatsumeeko

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Tatsumeeko is a web3 idle strategy RPG metaverse integrated with Discord; it is also available on iOS, Android, and the web.

In September 2024, Tatsu Works, the studio behind the game, announced its migration from IMX and Solana to the Ronin Network.

Gameplay:

Tatsumeeko offers a gameplay experience centered around loot, party progression, community building, and idle combat.

Set in the continent of Steyria, players take on the role of “otherworlders” arriving during a time of uneasy peace, where modern technology and ancient myths collide. The game features a hybrid party system where players customize their main avatar and assemble teams of companions, each with unique progression and gear.

Combat is automated and turn-based, optimized for both mobile and Discord’s graphical limitations, requiring strategic planning against varied enemy squads. Beyond battle, Tatsumeeko includes life-skill activities such as fishing, farming, and pet care, appealing to non-combat players as well. Players also get private “Pocket Dimensions” for personal housing and pet interactions.

Closure Reason:

In its blog post, Tatsu Works has officially ended development of Tatsumeeko: Lumina Fates, citing challenges in delivering a sustainable and community-aligned product. Despite multiple playtests and strong community engagement, the team concluded that the game lacked the core ideals and confidence needed to move forward.

According to them, the decision signals Tatsu’s return to its roots, which are making games built for online communities like Discord. The announcement also highlighted that its next project, Project: Wander, will launch directly within these social spaces, focusing on quick, interactive, and community-driven gameplay.

Tatsu also assured holders of Meekolony Passes and Aethereal Parcels that their assets will retain utility in upcoming projects. 

The Walking Dead: Empires

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

The Walking Dead: Empires was a blockchain-based survival MMORPG set in the universe of AMC’s popular TV series. Developed by Ember Entertainment and supported by Gala Games, it combined classic survival mechanics with NFT-based ownership.

It has an NFT land ownership feature, which provides gameplay benefits like resource boosts and added defenses, along with the prestige of owning a piece of the game world.

Gameplay:

In The Walking Dead: Empires, players choose a hero, either standard survivors or NFT-based characters like Rick Grimes and Daryl Dixon, and engage in survival gameplay that includes scavenging, crafting, building, and defending bases. 

Key features include resource gathering, PvP combat, and NFT integration for enhanced gameplay. While NFTs provided advantages, the game remained fully playable without them, aiming to attract both traditional and web3 gamers.

Closure Reason:

Gala Games announced it will shut down The Walking Dead: Empires on July 31, 2025, ending over three years of development and more than a year of open beta. The decision comes as part of a strategic shift to refocus on the broader Gala Games ecosystem.

Players holding in-game NFTs will receive replacement NFTs of equal functionality in other Gala titles. A redemption system is in development, with further details to be announced.

Moreover, Gala did not specify the exact details of the NFT redemption process, leaving uncertainties about how the replacement NFTs will match the value and functionality of the original assets.

Valeria: Land Before the War

Photo for the Article - Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

Valeria Studios is a web3 gaming studio that creates blockchain-based games where players can own, trade, and earn from in-game assets.

Its main game, “Valeria: Land Before the War,” lets players use the VAL token to buy items and participate in the game’s economy.


Gameplay:

Valeria: Land Before the War is a real-time strategy mobile game released on October 4, 2024, for iOS and Android.

Players can summon Valerians, unlock champions, weapons, and item NFTs by diving into various game modes like dungeons, story mode, faction battles, PvP, tournaments, and more. The game was launched on the XAI network.

Closure Reason:

In its X post, Valeria Games announced that they have run out of funds and are suspending development and support for both their mobile game and trading card game (TCG).

“For now, we’ll be keeping the game live a little longer while we search for investors or potential buyers. If we find the right partner to help bring our vision for the mobile game and TCG to life, we’ll do everything we can to make it happen. But as it stands, plans for the LOV TGE are on hold indefinitely.”

Valeria Games 

State of Web3 Game Industry

In a recent DappRadar report, web3 gaming investment was revealed to have plummeted 71% in Q1 2025, dropping to $91 million, amid shifting investor interest toward AI and real-world assets. The user base also dipped 6% quarter-over-quarter, with 5.8 million daily unique active wallets.

Moreover, a report from Footprint Analytics earlier this year noted that despite strong performance in broader crypto markets, the web3 gaming sector declined sharply in January 2025, with market cap dropping 19.3% to $22.3 billion and transaction volume down 12.4%, driven by platform consolidation, shrinking investor interest, and competition among chains like Wax, opBNB, and Aptos.

This article is published on BitPinas: Play-To-Zero? Web3 Games That Shut Down in 2025 (So Far)

What else is happening in Crypto Philippines and beyond?



Source link

22 05, 2025

Prophecy DeFi Announces Intention to Amend Certain Terms of the $5.36 Million Principal Amount Convertible Debentures Issued in December 2021

By |2025-05-22T17:12:54+03:00May 22, 2025|News, NFT News|0 Comments


Toronto, Ontario–(Newsfile Corp. – May 22, 2025) – Prophecy DeFi Inc. PDFI (“Prophecy DeFi” or the “Company“) announces that it has initiated the process to amend the terms of the previously issued aggregate $5,680,000 principal amount convertible debentures (the “Debentures“) of the Company issued on December 23, 2021, as amended on December 13, 2024. Please refer to the Company’s press release of December 12, 2024 for a complete description of the Debentures and previous amendments. Due to recent conversions, as of today’s date there remains $5,360,000 principal amount outstanding of the Debentures.

The Company will seek written approval from more than 662/3% of the beneficial holders of Debentures by way of written resolution to effect the proposed amendments, as described below (collectively, the “Amendments“). Further, pursuant to Canadian Securities Exchange (“CSE“) policies, the Amendments require approval from the shareholders of the Company. The Company will hold its annual and special meeting to approve, among other things, the Amendments and the Company will provide further details on the date of the meeting in due course.

The Amendments offer the opportunity to restructure the Company’s balance sheet, positioning it to attract new investment capital and pursue business development initiatives.

Key features of the Amendments

Debentures
Terms Original Terms Amendments
Maturity Date  December 23, 2025  No change 
Interest Rate 12% per annum beginning on the effective date of the amendments payable in arrears as a balloon payment on the maturity date. Any accrued and unpaid interest from June 30, 2024, to the effective date will be calculated at 10% per annum and payable as a ballon payment on the maturity date.  No change
Conversion Terms Conversion Price: $0.05 The Company has the right to force conversion of the Debentures at the conversion price if the daily VWAP of the Common Shares on the CSE is greater than $0.10 for 10 consecutive trading days  No change
Forced Conversion In the event the volume weighted average trading price of the common shares in the Canadian Securities Exchange is greater than $0.10 for the preceding 10 consecutive trading days, the Corporation shall have the option to convert the principal amount of the Debentures into common shares of the Corporation at a price of $0.05 per common share. Upon receipt of regulatory approval from the Canadian Securities Exchange and approval of a majority of the shareholders at a meeting of the Corporation’s shareholders, the Corporation shall have the option to force the conversion of the principal amount and accrued and unpaid interest of the Debentures into common shares in the capital of the Corporation at a price of $0.02 per common share without any further action on the part of the holders. 

Requisition in Writing

If the Amendments receive the requisite approval by Debenture holders and the shareholders of the Company at the next annual and special meeting which will be held in due course, the Company and the trustee will enter into a supplemental debenture indenture reflecting the revised terms as noted above.

The Amendments have been conditionally approved by the Canadian Securities Exchange and a further announcement related to the effective date of the Amendments will be provided in due course assuming all consents, shareholder approvals and instruments in writing are obtained.

About Prophecy DeFi

Prophecy DeFi Inc. (PDFI) is a publicly traded investment company whose primary objective is to invest its funds for the purpose of generating returns from capital appreciation and income. It plans to accomplish these goals by bringing together technology start-ups in the Blockchain and Decentralized Finance sectors to fund innovation, elevate industry research, and create new business opportunities in a coherent ecosystem.

www.prophecydefi.com

For further information, please contact:

John McMahon, CEO

Tel: (416) 764-0314

Email: jmcmahon@prophecydefi.com

Forward-Looking Information

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the approval of the Amendments by the Debenture holders and the Debenture holders providing the requisite number of instruments in writing to the trustee, which is required by the Company to proceed with the Amendments. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of the Company. Although management of the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

Neither the CSE nor its Regulation Services Provider (as such term is defined in the policies of the CSE) accept responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE CERVICES OR

FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252980



Source link

22 05, 2025

XRP News: Xrpturbo Goes Live With 25% APY Liquid Staking, Set To Release Governance DApp As $XRT Soars 150%

By |2025-05-22T15:12:00+03:00May 22, 2025|News, NFT News|0 Comments


As XRP bulls gear up for a potential rally and speculation swirls around a Ripple IPO and possible USDC acquisition, a powerful force is emerging from within the XRPL ecosystem.

Xrpturbo, the next-gen DeFi platform has launched its liquid staking at a mouth watering 25% APY.

With the first staking rewards already distributed and major utilities going live, including a Governance & Launchpad DApp on the XRPL Testnet, early adopters are locking in their positions fast.

And those who got in early?

They’re already sitting on 150% gains as XRT lists on BitMart and Xpmarket following a successful presale.

Xrpturbo Liquid Staking Is Live

The wait is over: Xrpturbo’s flagship liquid staking protocol is now live, delivering a 25% APY on XRTstaking.

But this isn’t just another staking pool, it’s non-custodial and built for real DeFi utility.

While many platforms lock your tokens for months, Xrpturbo lets you earn yield without sacrificing liquidity.

The first round of rewards has already hit wallets who held their XRT for the past 30 days, and word is spreading fast.

With staking live and compounding in motion, those sitting on the sidelines risk watching the best yields on XRPL slip through their fingers.

XRT Token Explodes 150%: Still Early?

Following the end of its oversubscribed presale, XRT has surged nearly 150%, fueled by demand from yield chasers and early believers in Xrpturbo’s long-term vision.

Now actively trading on BitMart and Xpmarket, XRT is gaining serious momentum, but this is likely just the beginning.

Why? Because XRT isn’t just another reward token, it’s the key to Defi on XRP:

Staking Incentives

Governance Power

Launchpad Access to upcoming XRPL projects

And soon, real-world integrations built into the ecosystem

With limited supply, growing demand, and expanding utility, XRT is quietly becoming one of XRPL’s most valuable assets.

Governance & Launchpad DApp Launching on XRPL Testnet

As if staking and token growth weren’t enough, Xrpturbo is getting ready to flip the switch on its Governance & Launchpad DApp, which is set to go live on the XRPL Testnet in the coming weeks.

This gives XRT holders direct power over the protocol’s future, from treasury decisions to new project onboarding, while also unlocking access to exclusive token launches on XRPL.

Think of early-stage deals. Community-led funding. Turbocharged innovation.

If you missed the early days of Ethereum DeFi or Solana IDOs, this might be your second chance but on XRPL.

Final Word: The Window Is Closing

XRP is consolidating for what many believe is its next parabolic leg, and Xrpturbo is perfectly positioned at the heart of the XRPL surge.

The protocol is live. Rewards are flowing. Utilities are launching. And the token?

Still undervalued, for now.

Don’t watch from the sidelines. The XRPL DeFi wave is here, and Xrpturbo is leading it.

Join the Xrpturbo movement

To stay ahead of the news, join the XRPTurbo Telegram community today at t.me/xrpturbocom or buy $XRT on BitMart to secure your position before the next price move.

Visit xrpturbo.com to learn more and become part of the next wave of innovation on the XRP Ledger.

Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.



Source link

22 05, 2025

A Cautionary Tale for Web3 Gaming

By |2025-05-22T13:10:55+03:00May 22, 2025|News, NFT News|0 Comments


Crypto MMORPG Ember Sword shuts down despite raising millions, highlighting the volatile nature of Web3 gaming projects.

A Promising Start Meets a Harsh Reality

On May 21, 2025, the Web3 gaming community was shaken by the abrupt shutdown of Ember Sword, a highly anticipated blockchain-based MMORPG developed by Bright Star Studios.

Ember Sword initially captured significant attention with its ambitious vision of a player-driven economy powered by blockchain technology. The game promised to integrate NFTs and a native token, EMBER, launched on June 13, 2024, to enable players to earn rewards through in-game activities. 

The project raised approximately $7.1 million in investor funding and secured pledges worth $203 million from 35,000 gamers for 40,000 virtual land NFTs, with $11 million realized in sales. 

This followed a successful $1.5 million land sale in May 2023, though that event faced technical challenges due to overwhelming demand.  The game also rolled out its Origins Collection NFT launch and offered early access gameplay in December 2024, fueling optimism among its community.

Read more: Top Web3 Games Are Coming to Ronin Network

However, despite the early traction, Ember Sword struggled to sustain its momentum. The team’s announcement on May 21, 2025, revealed that the project could not secure the necessary funding to continue development amid a challenging Web3 gaming landscape. As a result, game servers cease, and the official Discord channel of Ember Sword shuts down, leaving the community without updates or support.

A Cautionary Tale for Web3 Gaming

Source: X

At least 16 GameFi Projects are Dead in 2025

The collapse of Ember Sword is not an isolated incident but rather a reflection of systemic issues within the Web3 gaming industry. A 2023 CoinGecko report highlighted that 75.5% of Web3 games launched between 2018 and 2023 failed, with an average annual failure rate of 80.8%.

At least 16 GameFi Projects are Dead in 2025At least 16 GameFi Projects are Dead in 2025

Source: CoinGecko

Chainplay 2024 report analysis of 3,279 GameFi projects revealed that 93% are dead, having either dropped 95% from their all-time high or fallen below 100 daily active users, with an average lifespan of just 4 months.

Read more: Is Web3 Gaming Dead? Latest DappRadar Report Suggests Otherwise

More specifically, at least 16 web3 games are either paused, shut down, or were set to close in 2025, including: Blade of God, Metalcore, Blast Royale, Nyan Heroes, etc.

At least 16 GameFi Projects are Dead in 2025At least 16 GameFi Projects are Dead in 2025

Many users label Ember Sword a “pure scam,” pointing to the rapid depletion of funds. Others criticize the tendency of Web3 projects to overpromise with “giant projects” without delivering functional games.

As a result, the price of these project tokens has no bright future. The NYAN token of Nyan Heroes has decreased by 99% in value from its ATH.

At least 16 GameFi Projects are Dead in 2025At least 16 GameFi Projects are Dead in 2025

EMBER, token of Ember Sword, has crashed over 50% in the last 30 days, or down 99% from its peak on Jun 14, 2024.

At least 16 GameFi Projects are Dead in 2025At least 16 GameFi Projects are Dead in 2025

The broader market context also played a role. The Web3 gaming sector has faced headwinds since the NFT boom of 2021, with declining investor interest and a tougher funding environment. While Ember Sword’s vision of blending MMORPG gameplay with blockchain technology was compelling, the project’s inability to navigate these challenges underscores the precarious nature of the industry.





Source link

21 05, 2025

Ethereum DeFi Heating Up as the Market Bounces Back

By |2025-05-21T16:59:30+03:00May 21, 2025|News, NFT News|0 Comments


Ethereum’s DEX ecosystem is thriving with a 73% surge in trader activity, Aave’s TVL doubling to $12 billion, and rising user engagement, marking a strong DeFi comeback as of May 2025.

Ethereum DEX Activity Reaches 3-Month High with 64,000 Users

On May 20, 2025, Ethereum’s DEX trader activity has surged by 73% this month, with daily active users reaching 64,000, a three-month high from a May 4 low of 37,000. 

Ethereum DeFi Heating Up as the Market Bounces Back

Source: The Block

Despite this, monthly DEX trading volume remains flat at $15 billion, with Uniswap UNI capturing 97% of traders ($13 billion of the volume), highlighting its dominance and the prevalence of smaller retail trades driving the uptick. 

Ethereum DEX Activity Reaches 3-Month High with 64,000 UsersEthereum DEX Activity Reaches 3-Month High with 64,000 Users

Historically, such retail-driven activity has preceded broader market participation, hinting at potential growth in the coming weeks. 

Additionally, Aave’s TVL reached $40 billion as of May 2025, up from $20 billion in late 2024, driven by renewed interest in yield farming and lending.

Learn more: Aave TVL Doubles Post-Downturn, Signaling Ethereum DeFi’s Comeback?

This growth reflects growing confidence in Ethereum’s DeFi infrastructure, bolstered by its dominance in real-world asset tokenization and decentralized finance applications. 

Beyond Uniswap and AAVE, other metrics and protocols illustrate Ethereum DeFi’s upward momentum. 

According to Grow The Pie, the number of unique addresses interacting with Ethereum DeFi protocols is reaching an all-time high of around 15 million. This surge in user activity indicates growing adoption and engagement. 

Ethereum DEX Activity Reaches 3-Month High with 64,000 UsersEthereum DEX Activity Reaches 3-Month High with 64,000 Users

Source: Grow The Pie

Additionally, Curve Finance, a major decentralized exchange for stablecoins, reported a 30% increase in its Ethereum-based TVL, climbing to $2.4 billion as of May 20, 2025, per DefiLlama.

Ethereum DEX Activity Reaches 3-Month High with 64,000 UsersEthereum DEX Activity Reaches 3-Month High with 64,000 Users

Source: DefiLlama

Pectra Upgrade and Market Recovery Fuel Ethereum DeFi Growth

Several factors are driving Ethereum DeFi’s comeback. The Pectra upgrade has significantly enhanced Ethereum’s scalability and user experience. 

11 Ethereum Improvement Proposals (EIPs) implemented in Pectra help improve staking efficiency, wallet usability, and gas efficiency. A key feature is EIP-3074, which simplifies DeFi interactions by enabling account abstraction, reducing transaction steps, and lowering costs for users engaging with protocols like Uniswap and Aave. This has made Ethereum ETH DeFi more accessible, contributing to the 73% surge in trader activity.

A broader market recovery also plays a role. After a downturn in late 2024, the crypto market has bounced back, with Ethereum’s price rising nearly 50% post-Pectra to $2,700. 

Additionally, Ethereum’s ecosystem expansion through Layer-2 solutions like Arbitrum ARB, whose DeFi TVL hit $2.5 billion, has reduced gas fees and attracted more users, as shown in 3 million daily transactions.





Source link

21 05, 2025

Bybit Becomes First CEX to List Tokyo Games Token ($TGT), Fueling the Rise of AAA Web3 Gaming

By |2025-05-21T14:57:56+03:00May 21, 2025|News, NFT News|0 Comments


Dubai, United Arab Emirates, May 21st, 2025, Chainwire

Bybit, the world’s second-largest crypto exchange by trading volume, is proud to announce the listing of Token Games Token ($TGT)—becoming the first centralized exchange (CEX) to list the token ahead of all others, further solidifying our commitment to empowering the future of Web3 gaming.

$TGT is the native token of the Tokyo Games Foundation, a Web3 initiative supported by Japanese industry leaders including Cygames, SBI Holdings, and gumi. Designed to power a new generation of AAA-quality blockchain games, TGT is the central utility and governance token of a sustainable gaming economy.

The flagship title of the ecosystem, TOKYO BEAST, is a futuristic game set in Tokyo, 2124. It features AI-powered BEAST androids battling in high-stakes tournaments where players can stake tokens and place legally approved, on-chain bets using an in-game currency called JEWELS. TGT will be used for in-game purchases, staking for NFTs, governance participation, and access to lotteries, betting, and premium features via in-game currencies like JEWELS and GEMS.

“We are thrilled to see $TGT debut on Bybit. This is a major milestone not just for TOKYO BEAST, but for the entire Tokyo Games Foundation ecosystem. Our vision is to deliver world-class, Japan-made gaming experiences that harness the full potential of blockchain—and Bybit’s global reach and user-centric platform make it the ideal partner to take TGT to the next level,” said Naoki Motohashi, Producer of TOKYO BEAST. 

To celebrate the listing, Bybit has launched Token Splash, a major promotional campaign with 9,000,000 TGT in total rewards, tailored for selected users in the region.

Key campaign highlights include:

  • Event 1 – New User Exclusive: Deposit and trade to earn from a 6,000,000 TGT prize pool
  • Event 2 – Trade-to-Earn: Trade TGT to claim a share of the 3,000,000 TGT prize pool

TGT will be available for trading on May 21, 2025, 10AM UTC, with support for Spot Grid Bots and IMX zkEVM network transactions. Bybit users can now gain early access to one of the most exciting gaming tokens in the market—well before it reaches other exchanges.

For more details, users can visit the official announcement.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

For media inquiries, please contact: [email protected]

For updates, please follow: Bybit’s Communities and Social Media

Contact

Head of PR
Tony Au
Bybit
[email protected]



Source link

21 05, 2025

Immutable Passport Surpasses 5 Million Signups in 15 Months: Key Growth Milestone for Web3 Gaming Adoption | Flash News Detail

By |2025-05-21T10:56:28+03:00May 21, 2025|News, NFT News|0 Comments


The recent milestone of Immutable Passport reaching 5 million sign-ups in under 15 months, as announced by Robbie Ferguson, co-founder of Immutable, on May 21, 2025, marks a significant moment for the intersection of gaming and web3 technology. This achievement, driven by fewer than 50 initial game launches, underscores the explosive growth potential of blockchain-based gaming platforms. With over 450 additional games in the pipeline, Immutable is positioning itself as a leader in onboarding mainstream users to web3 ecosystems. This news not only highlights the scalability of Immutable’s infrastructure but also signals a broader shift in user adoption toward decentralized technologies in gaming. For crypto traders, this development presents unique opportunities to capitalize on the growing interest in gaming tokens and blockchain projects tied to Immutable’s ecosystem, particularly as the platform leverages Ethereum’s layer-2 scaling solution for faster and cheaper transactions. As of May 21, 2025, at 10:00 AM UTC, the Immutable X token (IMX) saw a price surge of 8.2%, moving from $2.15 to $2.33 on major exchanges like Binance and Coinbase, reflecting immediate market enthusiasm for this announcement, according to data from CoinGecko. Trading volume for IMX spiked by 35% within 24 hours, reaching $48.7 million, indicating strong retail and institutional interest. This event also aligns with a broader uptrend in Ethereum-based tokens, as Ethereum itself recorded a 3.1% gain to $3,850 during the same period, per CoinMarketCap data.

From a trading perspective, the Immutable Passport milestone offers actionable insights for both short-term and long-term strategies in the crypto market. The rapid user growth suggests that IMX could see sustained bullish momentum, especially as more games launch and drive on-chain activity. On-chain metrics from Dune Analytics as of May 21, 2025, at 12:00 PM UTC, show a 22% increase in daily active addresses on Immutable X, reaching 18,500, alongside a 15% uptick in transaction volume to $12.3 million. This data points to real user engagement, a critical factor for assessing the fundamental value of gaming tokens. Traders can look for entry points around key support levels, with IMX currently testing resistance at $2.40 as of 2:00 PM UTC on May 21, 2025, per TradingView charts. A breakout above this level could target $2.60 in the near term. Additionally, cross-market opportunities emerge as gaming tokens like IMX often correlate with Ethereum’s price movements due to their layer-2 dependency. Pair trading ETH/IMX could mitigate risk while capitalizing on sector-specific news. Beyond IMX, related tokens like GALA and SAND, tied to gaming and metaverse ecosystems, also saw modest gains of 4.3% and 3.9%, respectively, as of 3:00 PM UTC on May 21, 2025, per CoinGecko, reflecting a ripple effect in the niche.

Diving deeper into technical indicators, IMX’s Relative Strength Index (RSI) stood at 68 on the 4-hour chart as of 4:00 PM UTC on May 21, 2025, signaling overbought conditions but not yet extreme, per TradingView data. The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the signal line trending upward, suggesting continued momentum. Volume analysis further supports this, with Binance reporting a 40% increase in IMX/USDT trading volume to $22.5 million in the 24 hours following the announcement on May 21, 2025. Cross-market correlation with Ethereum remains strong, with a 0.85 correlation coefficient over the past 30 days, based on data from CryptoCompare as of May 21, 2025. This indicates that broader crypto market sentiment, particularly Ethereum’s performance, will likely influence IMX’s trajectory. Additionally, sentiment analysis from social media platforms like Twitter, aggregated by LunarCrush on May 21, 2025, at 5:00 PM UTC, shows a 30% increase in positive mentions of Immutable and IMX, driving speculative retail interest. For traders, monitoring Ethereum’s key levels around $3,900 and Bitcoin’s stability above $69,000 (as of 6:00 PM UTC on May 21, 2025, per CoinMarketCap) will be crucial for gauging risk appetite in altcoins like IMX. The gaming sector’s growth, fueled by Immutable’s user onboarding, could also attract institutional capital, as evidenced by a 12% uptick in large wallet transactions for IMX, per Whale Alert data on May 21, 2025, at 7:00 PM UTC. This confluence of on-chain activity, technical strength, and sector momentum positions IMX and related gaming tokens as high-potential plays in the current market cycle.

FAQ:
What does Immutable Passport’s 5 million user milestone mean for crypto traders?
The milestone, announced on May 21, 2025, reflects rapid adoption in blockchain gaming, boosting the value and visibility of IMX and related tokens. Traders can explore short-term gains from price surges (like IMX’s 8.2% jump to $2.33) and long-term growth as more games launch.

How does Immutable’s growth correlate with Ethereum’s market performance?
Immutable X operates as an Ethereum layer-2 solution, showing a high correlation (0.85 over 30 days as of May 21, 2025, per CryptoCompare). Ethereum’s 3.1% rise to $3,850 on the same day directly supported IMX’s rally, making ETH price trends a key factor for IMX traders.



Source link

Go to Top