Funton has formed a strategic partnership with HeLa Network to combine the strengths of decentralised gaming and AI to offer new tools and opportunities for developers and players.Through this partnership, Funton’s gaming platform will integrate with HeLa’s blockchain ecosystem, providing a streamlined way to deploy decentralised games and gamified experiences across web3 applications.By leveraging Funton’s GameFi-as-a-Service model, HeLa’s partners will have easier access to fun, engaging games that could increase user growth and interaction. Source: FuntonWhat is Funton?Funton is a decentralised gaming ecosystem built on the TON blockchain, designed to offer players access to a variety of casual mobile games.The platform…
Author: cryphedge
OKX has obtained a Markets in Crypto-Assets Regulation (MiCA) pre-authorization license, according to a Jan. 23 statement shared with CryptoSlate.The exchange plans to operate in the European Economic Area (EEA) through its Malta-based hub, offering services to over 400 million users.MiCA provides a unified regulatory framework for the EU crypto market with the goal of prioritizing consumer protection, transparency, and market integrity. The regulation includes robust anti-money laundering requirements to keep malicious actors outside the financial system.The MiCA framework simplifies market access for crypto businesses in the EEA through cross-state provisions. This feature allows licensed entities to operate in multiple…
Web3 gaming studio Hyve Labs has raised $2.75 million in a pre-seed funding round led by Framework Ventures.This funding round is also join by Volt Capital, Builder Capital, 32 Bit Ventures, and several angel investors from companies like Zynga and InfiniGods. The company’s primary goal is to build a decentralised gaming ecosystem, which will enable easier game development on blockchain platforms.With the latest funding, Hyve Labs plans to expand its team, develop on-chain assets, and create a cross-chain game launcher. Source: Hyve LabsWhat to expect from this latest funding?Hyve Labs plans to use the $2.75 million to accelerate the development…
The US Commodity Futures Trading Commission (CFTC) has appointed Harry Jung to spearhead its crypto, DeFi, and digital assets efforts.Jung will also serve as Acting Chief of Staff under Acting Chair Caroline Pham, according to a Jan. 23 statement.Jung’s promotion builds on his experience as the Designated Federal Officer for the CFTC’s Global Markets Advisory Committee. In that role, he collaborated with policymakers and industry leaders to address emerging trends in digital markets.According to the press statement:“[Jung has] coordinated firm-wide working groups on emerging issues and global policy forums, as well as led the regulatory engagement regarding digital assets with…
When people hear about blockchain, they often imagine complicated computer code or confusing cryptocurrency jargon. But what if you could use a powerful blockchain without leaving your favorite chat app? That’s what’s happening with The Open Network (TON) and Telegram. Telegram is a hugely popular messaging platform, serving more than 950 million users every month. TON, on the other hand, is a blockchain project designed to handle fast transactions at a large scale. Their partnership brings these worlds together so regular people—like you and me—can benefit from blockchain without wrestling with unfamiliar tools. In this article, we’ll explore how TON…
If you’ve been paying attention to blockchain news, you’ve probably seen the hype around NFTs and how they’re being used to fund crypto projects. NFTs started as digital collectibles but have evolved into a way to build communities and bootstrap big ideas. One example is SOON (Solana Optimistic Network) which just raised $22m through an NFT sale to support their Ethereum Layer 2 mainnet launch. In this post, we’ll go over the basics of NFT fundraising, get into SOON’s approach and why this tech could change how we fund blockchain projects. The Rise of NFT Fundraising Using NFTs for fundraising…
Roman Storm, co-founder of Tornado Cash, described his prosecution in a Jan. 22 X post as a “terrifying criminalization of privacy.” Tornado Cash is a non-custodial privacy protocol facilitating private crypto transactions via open-source code. He stated:“I am being prosecuted for writing open-source code that enables private crypto transactions in a completely non-custodial manner […] The charges against me threaten to criminalize software development itself.”Storm is charged with operating an unlicensed money-transmitting business, conspiracy to commit money laundering, and sanctions evasion. He was arrested on Aug. 23, 2023, and his trial is set for April 14, 2025.The impact of the case…
Kratos Gamer Network (KGeN) has introduced a new rewards system that allows users to earn rKGEN tokens by completing quests and campaigns.These tokens will play a crucial role in an upcoming $KGEN token airdrop, where they can be exchanged at a 1:1 ratio. Designed to reward active participants, rKGEN is non-transferrable and limited to use within the platform, but it can be redeemed for transferable $KGEN tokens when the TGE occurs.Participants can earn rKGEN indirectly by gathering K-Points, which will eventually convert into the rewards token. The platform also plans to launch staking features for rKGEN, enabling users to increase…
LINE, the popular messaging service in Asia, has launched its new Mini Dapps and Dapp Portal. This move could bring blockchain technology, often called “Web3,” to millions of everyday users. While Telegram showed how chat apps can host decentralized games and apps, LINE aims to make it easy for more people to discover, play, and trade digital assets without leaving the familiar LINE Messenger app. What Is the Dapp Portal? The Dapp Portal is a hub inside LINE Messenger where people can find and use “Mini Dapps.” These Mini Dapps are small web-based applications built on blockchain technology. Users don’t…
Ancient8 has opened registration for its Grant Program Season 1, allocating a total of 200,000 $OP tokens provided by the Optimism Foundation.Offering grants of up to 25,000 $OP tokens per project, the program is designed to drive innovation and growth in the blockchain gaming sector. The initiative provides funding, mentorship, and resources to support both established contributors within the Ancient8 ecosystem and newcomers with innovative ideas.By focusing on both existing and prospective projects, the grant program aims to enhance tools, improve user experiences, and strengthen infrastructure essential for a robust blockchain gaming ecosystem. Source: Ancient8What is Ancient8?Ancient8 is a community-driven,…
