As we approach the end of 2023, the web3 ecosystem continues to evolve, marked by significant developments and emerging trends. One of the most prominent trends of 2023 has been the significant shift in the web3 gaming sector. Moving beyond
The Ministry of Science and Technology in China has introduced a web3 strategy that embraces the development of new business models, focusing on non-fungible tokens (NFTs). Despite China’s ban on cryptocurrencies, this strategy underscores the government’s responsibility to the web3
Immutable, the Ethereum-based gaming company, launched “Passport,” a type of digital identity that allows players in decentralized Web3 games to use a single profile across multiple platforms. The idea is to simplify the “sign-up process for players by providing them
The emergence of metaverse casinos is ushering in immersive gaming experiences. Powered by blockchain technology and enhanced by Augmented Reality (AR) and Virtual Reality (VR), metaverse casinos are changing how people engage with casino games, blending the virtual and real
Web3 is driven by the need for privacy, security, and transparency in transactions. Automata Network’s 1RPC now supports Telos EVM, a Layer 0 chain fully compatible with the Ethereum Virtual Machine (EVM). This integration introduces a fixed gas fee structure
The integrity of eSports, a rapidly growing industry, is under threat due to the prevalence of match-fixing, a problem not unfamiliar to traditional sports. Ian Smith, the eSports Integrity Commission’s (ESIC) integrity commissioner, underscores the gravity of this issue. He
With the rise of virtual reality (VR), the metaverse has become a hot topic, offering a new frontier for various aspects of life, including shopping, entertainment, learning, and gaming. Facebook’s rebranding as Meta Platforms in recent times has further solidified
The Spanish Tax Administration Agency, commonly known as Agencia Tributaria, has enacted stringent regulations requiring citizens to declare their foreign-held cryptocurrency assets. The move is part of Spain’s proactive stance on regulating the burgeoning crypto landscape. According to the report,
Indian media group Shemaroo Entertainment launched “themed metaverse experiences” for some of India’s iconic films, such as Disco Dancer and The Great Gambler. The immersive experience is set in The Sandbox metaverse under the joint-venture cultural hub BharatBox. In a
Socrates, a Web3 social media and entertainment platform, launched on several blockchains including Polygon, Ethereum, BNB Smart Chain (BSC) and Optimism on Thursday, promising to pay users for interactions and debates. In a statement, Socrates said the launch comes after
Game7’s State of Web3 Gaming 2023 report reveals Asia-Pacific’s lead in game development and the U.S.’s dominance in funding, offering a deep dive into the evolving landscape of blockchain-based gaming. The report, led by George Isichos and Steven Chen from
According to a recent report, OpenAI, the company behind ChatGPT, is experiencing a significant leadership shakeup. The board’s decision to fire CEO Sam Altman, followed by co-founder and president Greg Brockman’s resignation, sent shockwaves across the tech community. These revelations
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