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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. One of crypto projects’ most significant concerns and criticisms, particularly in blockchain-based games, is the threat of scams, frauds, and cyberattacks. Several scams and vulnerability exploits in web3 gaming projects have reinstated the security emphasis on the industry this year. In October, a popular web3 game allegedly pulled an exit scam worth $1.6 million in user funds, according to a recent report from blockchain security platform CertiK. In fact, a recent survey of active web3 gamers found that 41% of gamers are concerned about potential scams and fraudulent activities in the sector. You might also like: Scammers on the rise: three on-chain cybersecurity predictions for 2024 | Opinion These rising concerns have driven more investment in blockchain security solutions. In October alone, $103 million was rai...

Moonveil Entertainment, a web3 gaming studio, has unveiled a $5.4 million seed investment round, co-headed by Gumi Cryptos Capital and Arcane Group. The investment was spearheaded by Gumi Cryptos Capital and Arcane Group, with additional contributions from Longhash, IOSG, and Infinity Ventures Crypto. We are thrilled to announce the closing of our $5.4M seed round of fundraising, led by @GumiCryptos and @ArcaneGrp attracting substantial support from other renowned investors such as @LongHashVC @IOSGVC @ivcryptofund, etc. More detailshttps://t.co/0ZJENQr1ya — Moonveil Entertainment (@Moonveil_Studio) October 27, 2023 Established in the final quarter of 2022, Moonveil has been operating under the radar until its recent announcement. The studio’s leadership comprises industry experts who have previously worked with renowned companies such as Riot Games and Tencent. You might also like: Web3 games raised $600m in Q3, 50% less than in 2022 Moonveil is presently f...

The METAPIXEL game, a high-profile Web3 project developed by Korea’s NPIXEL, has been put on indefinite hold, with all team members removed from the project. Popular web3 game METAPIXEL has stopped operations , according to several team members. As posted on X (formally known as Twitter) earlier today, all members of the team are unable to participate in the project. METAPIXEL earned immense popularity last year after it was announced that NPIXEL, a Korean AAA gaming studio, developed the game. The game was launched on the Apotos blockchain. However, members of the project did not disclose any reasons for the project’s suspension.  Dear METAPIXEL community: As recently announced on Discord, the METAPIXEL project has been suspended indefinitely due to various circumstances. Consequently, all current members including myself, will no longer be able to participate in the project and will cease to represent it. pic.twitter.com/dTqWS3Rz0U — sapsal / Kate | METAPIXEL (@g...

As the world moves toward a Web3-focused future, the debate remains: Do these technologies help or hinder our sustainability goals? Bitcoin (BTC) mining is estimated to emit 65.4 megatons of CO2 annually. This is the conclusion reached in 2021 by a group of climate and economic researchers in Europe in the report “Revisiting Bitcoin’s carbon footprint.” This emission is comparable to the carbon footprint of an entire country like Greece, which emitted approximately 56.6 megatons of CO2 in 2019. Estimated global carbon footprint of the Bitcoin network. Source: Cell.com However, it is worth noting that cryptocurrencies and blockchain technology, when used appropriately, can make a positive contribution to the environment. Recently, the World Economic Forum (WEF) highlighted the potential of blockchain technology as a vital tool in the fight against climate change. In a white paper released on April 25, the WEF shed light on the myriad of advantages of integrating blockchains into the cl...