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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...

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For decades, self -driving vehicles have been the stuff of sci-fi movies, but now that we’ve outfitted vehicles with all sorts of sensors, chips, and software. Well, they still kind of are.  You might also like: Decentralized communication is the antidote to an Orwellian dystopia | Opinion That’s not to say the industry is not moving forward—it is producing headlines for exciting new initiatives and concerning incidents. But even some of its pioneers question this progress, and the stories under these headlines feature the all too familiar headliners: Google’s Waymo, Apple, General Motors, among others. One would and should have expected to have more actual disruptors in a market as disruptive as this. The truth is some of the underlying technologies in the stack of a driverless car heavily favor centralization and hug...

SK Telecom aims to expand its “affiliations with customer-preferred mainnets and decentralized applications (dApps)” using this tripartite agreement with the blockchain companies. South Korean telecom giant SK Telecom (SKT) announced plans to launch a Web3 wallet service, T wallet , in partnership with layer 1 mainnet Aptos Labs and Atomrigs Lab. SK Telecom’s vision to launch a blockchain wallet for cryptocurrencies and nonfungible tokens (NFTs) dates back to July 2022. The initiative at the time kicked off with SKT’s blockchain arm collaborating with AhnLab Blockchain Company and Atomix Lab to develop and operate a Web3 wallet . SKT가 '웹3 지갑' 개발을 위해 안랩블록체인컴퍼니, 블록체인 전문기업 아톰릭스랩과 협력합니다. 웹3 지갑은 사용자가 블록체인 네트워크 상에서 발행된 다양한 유형의 토큰을 저장·전송·수신할 수 있는 디지털 자산 지갑입니다. https://t.co/bi8SIDKK2M#SK텔레콤 #블록체인 pic.twitter.com/HFGCl3cIN8 — SK telecom (@SKtelecom) July 11, 2022 According to the latest announcement, SKT aims to expand its “affiliations with customer-preferred mainnets and d...

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...

The mantra of this year’s Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price. The Polkadot Decoded 2023 conference just wrapped up and this year more than 100 speakers and 100 blockchain projects were in attendance.  The beauty of crypto bear market s is they catalyze a realignment of perspectives and objectives. All the hidden leverage is gone and most of the speculation is gone. SBF is gone. Do Kwon is gone. Three Arrows Capital, Su Zhu, Kyle Davies and a handful of other hucksters and snake oil salesmen have been exiled. And good riddance to all of them. Crypto doesn’t need hopium, messiahs, populists and dream peddlers. What we need are build ers, fresh ideas, solutions that have product-to- market fit and some sort of realistic real world application. That’s what I like about blockchain conferences. Especially during a bear market. The buidl first mentality is the whole vibe of Polkadot Decoded. For the past two days, ...

Web3 is the next-generation internet comprising innovative technologies and research fields including artificial intelligence (AI), blockchains, machine learning, cryptocurrency, metaverse, NFTs, virtual reality, etc. The companies working on Web 3.0 will be the leaders of tomorrow. advertisement Also Read: Binance Ceases Bitcoin, ETH, DOGE, XRP, And Other Crypto Trading Against AUD Binance CEO on China Web 3.0 Approach Amid Hong Kong The Beijing Municipal Science and Technology Commission and the Zhongguancun Administrative Committee officially released the “ Beijing Internet 3.0 White Paper on Innovation and Development (2023) ” during the 2023 Zhongguancun Forum Parallel Forum “Internet 3.0: Future Internet Industry Development” hosted by the Beijing Association for Science and Technology. According to the white paper, the government will actively support Web 3.0 developments and research to establish China’s leadership in these...

Developers love to tout the number of transactions that blockchains can process per second. Unfortunately, that fixation often distracts from other important issues — such as network security. The throughput of blockchains — namely, their ability to process X number of transactions per second (TPS) — is often touted in such a way as to downplay other considerations, such as decentralization and security. The blockchain trilemma, of course, acknowledges that succeeding in all three areas is challenging, though not impossible. There is no denying that throughput and scalability are important, indeed vital if block chains are eventually to become the rails on which the financial system is run. However, there is a major misconception surrounding the metric used to assess the scalability of layer-1s and 2s. Although super-fast blockchains love nothing more than to trumpet their TPS numbers, it is a rather inadequate method for assessing throughput and fails to accurately represent legitim...

The funding round was led by Foundation Capital, with follow-on investment from CMT digital. London-based digital asset protection firm, Coincover, has secured $30 million in a Funding round led by Foundation Capital, with a follow-on investment from CMT digital .  According to Coincover’s announcement, the funds will be used to scale its operations, drive recruitment, develop new products, and form partnerships to help strengthen the security of the cryptocurrency ecosystem, thereby, providing even more comprehensive protection to businesses and individuals holding digital assets.  Coincover was founded in 2018 and launched in 2019 with the aim of providing trust to the digital asset industry. The company already works with over 300 businesses including exchanges, wallets, hedge funds, family offices, and banks, and directly with a number of digital asset custodians. Coincover is determined to tackle the Security concerns plaguing the digital asset industry, by offering busine...

NFT gaming is at a similar stage to the early mobile gaming days, says a Magic Eden exec, while an analyst from Dune Analytics claims 58% of NFT trading volume this year has been wash trades. After a sell-out launch that pocketed roughly $4.45 million from primary sales, former United States president Donald Trump’s NFT collection is already on a crash course towards earth. Trump rolled out his odd-ball self-themed 45,000 NFT trading card collection on Dec. 16 for $99 a pop. The NFTs were all gobbled up within a couple hours of launch, and within the next two days the floor price shot up to an all-time-high of around 0.83 Ether (ETH), or $1,006 on OpenSea. Since then however, the floor price has been volatile, while some in the community have highlighted that the NFT artwork may been plagiarized from other sources. According to OpenSea data at the time of writing, the floor price sits at 0.2 ETH ($242), marking a hefty retracement of roughly 75%. Trump NFTs Tanking as Hype Dies, Floor...

DOGAMÍ's team says it hopes to develop the first Web3 mobile game for mainstream audiences. DOGAMÍ, an augmented reality mobile game involving nonfungible token (NFT) pet companions, has completed a $14 million seed funding round, according to a Dec. 12 press release provided to Cointelegraph. The Web3 mobile gaming company raised $7 million led by VC firm XAnge after initially securing $6 million from industry leaders in January 2022.  DOGAMÍ, with community members in over 80+ countries, indicated that it has already sold 12,000 NFTs of dog avatars and 12,000 NFTs of canine accessories through a collaboration with omni-channel clothing retailer GAP.  The company has also launched its first mobile application, "DOGA House", which allows users to discover and interact with their “NFT puppies” in the “DOGAMÍ universe” while earning DOGA cryptocurrency. Related: Leveraging the Blockchain to deliver more rewarding experiences for casual gamers Despite the continuing bear m...