Latest News and Articles about Web3 Gaming
Immutable’s Remarkable Recovery: $50M Loss to $110M Revenue in 2024
Immutable Turns the Tide: From $50M Loss to $110M Revenue Surge in 2024 From the brink of financial collapse to a staggering revenue surge, Immutable’s journey in blockchain gaming showcases resilience and innovation. The company, known for hits like Gods Unchained and Guild of Guardians, reported a daunting $50 million loss in 2023 due to […]
Read MoreWeb3 Gaming’s Path to Mainstream: Overcoming Incentive Challenges for True Player Empowerment
Web3 gaming, with its promise of decentralization and player empowerment, stands at a pivotal moment. Despite making up 28% of blockchain activity with 6.8 million daily active wallets as reported by DApp Radar, it pales in comparison to the user bases of traditional powerhouses like Fortnite and Call of Duty. The key to closing this […]
Read MoreCyberKongz Faces SEC Challenge: Pivotal Moment for NFT and Web3 Gaming Regulation
CyberKongz Takes on the SEC: A Defining Moment for NFT Regulation The U.S. Securities and Exchange Commission (SEC) has intensified its focus on the NFT landscape, issuing a Wells notice to CyberKongz. This move by the SEC suggests potential enforcement action, challenging CyberKongz on the grounds of securities law. The NFT project is determined to […]
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