marketplace Archives - Top Crypto Game https://topcryptogame.com/tag/marketplace/ The latest crypto news! Wed, 18 Sep 2024 11:41:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png marketplace Archives - Top Crypto Game https://topcryptogame.com/tag/marketplace/ 32 32 NFL Rivals’ in-app marketplace boosted NFT trading volume by 45% https://topcryptogame.com/nfl-rivals-in-app-marketplace-boosted-nft-trading-volume-by-45/ https://topcryptogame.com/nfl-rivals-in-app-marketplace-boosted-nft-trading-volume-by-45/#respond Wed, 18 Sep 2024 11:41:16 +0000 https://topcryptogame.com/nfl-rivals-in-app-marketplace-boosted-nft-trading-volume-by-45/ With five million downloads in total, and one year on since the launch of NFL Rivals’ in-game marketplace, Mythical Games has released some numbers about its impact on monetization.  Overall, the conclusion is that the integrated marketplace has boosted activity. As players gained the ability to trade their in-game characters from within the app, the […]

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With five million downloads in total, and one year on since the launch of NFL Rivals’ in-game marketplace, Mythical Games has released some numbers about its impact on monetization. 

Overall, the conclusion is that the integrated marketplace has boosted activity. As players gained the ability to trade their in-game characters from within the app, the percentage of players making a transaction increased by 25%, and the transaction volume by 45% per daily active user. 

In addition, as players became more confident and experienced using the in-app marketplace, some moved onto the web-based marketplace. As such, the in-game marketplace worked as advertising for the web shop. This makes sense, as the web marketplace is a better place to trade due to better price liquidity and lower transaction fees – no Apple and Google tax.

Hence players made higher value trades in the web shop, which accounted for 36% of total trades, but 70% of trading volume.

Another finding was that users who accessed the marketplace also bought more packs from the web shop. This is believed to be due to the increasing utility of in-game items, thus making players more likely to buy them from the web shop. Also, knowing that they can resell them at any time makes them more likely to buy them in the first place. 

In terms of NFL Rivals, it’s the first NFL licensed web3 game. Mythical recently unveiled a partnership with Super Bowl LVIII champions Kansas City Chiefs, which will see NFL Rivals as the club’s official mobile game for the 2024 season.

Stay up-to-date via Mythical Games’ official website.

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Crucible announces new web3 native Emergence Marketplace https://topcryptogame.com/crucible-announces-new-web3-native-emergence-marketplace/ https://topcryptogame.com/crucible-announces-new-web3-native-emergence-marketplace/#respond Wed, 15 May 2024 13:03:47 +0000 https://topcryptogame.com/crucible-announces-new-web3-native-emergence-marketplace/ Web3 toolkit provider Crucible has announced an extension to its Emergence SDK, with the new Emergence Marketplace being dedicated to bringing 3D game assets on-chain. Designed for game developers using the Unity and Unreal engines to build 3D worlds and games, Crucible launched its Emergence SDK in collaboration with Open Meta in July 2023. Notable […]

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Web3 toolkit provider Crucible has announced an extension to its Emergence SDK, with the new Emergence Marketplace being dedicated to bringing 3D game assets on-chain.

Designed for game developers using the Unity and Unreal engines to build 3D worlds and games, Crucible launched its Emergence SDK in collaboration with Open Meta in July 2023. Notable web3 developers using the toolkit to-date include Futureverse and Lamina1.

With the introduction of Emergence Marketplace, Crucible says the focus is expanding beyond just developers however, in that it also provides tools for creators to showcase their work. In addition, the new marketplace will offer utility and rewards to its members. 

Still in development, the marketplace is set for launch in the summer of 2024, but pre-registration has already opened for interested creators and developers. 

“The gaming industry has established a solid, sustainable business model with 3D assets. Almost none of them are on-chain,” said Crucible founder and CEO Ryan Gill. 

“We’ve seen innovation over the past few years in NFT marketplaces, but they haven’t made much progress with 3D. Now, with Emergence, we’re bridging that gap, by building a fully native 3D marketplace that’s on-chain.”

Open Meta’s head of product and technology Aleissia Laidacker added, “It’s really about player choice. It’s about having an avatar, for example, that you can use in any game world. Having an NFT that comes with its own game behaviors and traits. Or having a collectible that has been used across different games, in different battles, where a record of that narrative is saved.” 

Interested developers can pre-register for the Emergence Marketplace here.

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Heroes of Mavia Launches Ruby Marketplace https://topcryptogame.com/heroes-of-mavia-launches-ruby-marketplace/ https://topcryptogame.com/heroes-of-mavia-launches-ruby-marketplace/#respond Tue, 07 May 2024 18:56:58 +0000 https://topcryptogame.com/heroes-of-mavia-launches-ruby-marketplace/ Heroes of Mavia launched their Ruby Marketplace this week, opening up the way for the trading and minting of cosmetic skins directly within the game! And though currently this marketplace is only available in-game and only accepts Ruby tokens as payment, the Heroes team has plans to build a web-based marketplace as well. A new […]

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Heroes of Mavia launched their Ruby Marketplace this week, opening up the way for the trading and minting of cosmetic skins directly within the game! And though currently this marketplace is only available in-game and only accepts Ruby tokens as payment, the Heroes team has plans to build a web-based marketplace as well.

A new feature rolled out to Heroes of Mavia this week, an in-game marketplace that allows for player trading of NFTs and the minting of new NFT skins! Known as the Ruby Marketplace, this in-game trading and minting hub brings a new feature to the game and a new use-case for the Ruby token.

Ruby is an in-game token only. Players earn Ruby by fighting with other players. And now they can spend that Ruby on exclusive skins from the in-game shop! Players will need to upgrade their HQ building to level 4 before they can access the Ruby Marketplace.

The Ruby Marketplace launched with a limited edition mint of 36 different skins, one for each troop and building type in game. These items feature a “SuperMavian” color scheme, and are limited to only 500 copies of each. These skins can be equipped in-game to change the appearance of your buildings and troops.

All Legendary level items sold on the Ruby Marketplace are NFTs on the Base blockchain. Once purchased, items from the Ruby Marketplace may be traded with other players.

a few of the SuperMavian custom skinsa few of the SuperMavian custom skins
a few of the SuperMavian custom skins

This initial release is only available on mobile devices, and players can only trade using Ruby tokens. However, in the near future, there will also be a web-based version that allows trading with MAVIA tokens.

What is Heroes of Mavia?

Heroes of Mavia is a free to play, mobile, base building, RTS game. Players construct and improve bases, and fight with other players to earn RUBY, the main game currency. The game features upgradeable NFTs in the form of Bases, Heroes, and Statues. Bases are the core game component, and each player needs one in order to play. Heroes and Statues are optional, but both provide substantial benefits to your team. Heroes assist your army with attack and defense, while Statues boost base production. Additionally, players can upgrade their NFTs by spending RUBY tokens.

The game also includes Gold and Oil resources. These are in-game only and used for certain base upgrades. Oil and Gold are produced by bases and can also be stolen from other players in raids. And though the primary focus is on PvP, Heroes of Mavia also offers a lengthy series of PvE missions to help players practice battles and accumulate extra resources.

Heroes of Mavia included rental mechanics into their game from the very beginning. Base owners can choose to rent out their bases to other players for passive income. This can be a fixed price rental system, or a ‘partnership’. Partnerships function as a built-in scholarship system. The base owner lets the partner run and upgrade their base in exchange for a percentage of the RUBY income.

Hereos of Mavia released in February of 2024 and is available for both iOS and Android devices.

To learn more about Heroes of Mavia, visit their website, follow them on Twitter, and join their Discord.

Heroes of Mavia screenshotHeroes of Mavia screenshot


Phil Hall has been a gaming enthusiast since birth and a crypto enthusiast since 2017. He enjoys new discoveries and sharing those with others via blogging and photography. You can follow him on Twitter or read his other articles on Medium.


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the NFT marketplace is “open” for sales. https://topcryptogame.com/the-nft-marketplace-is-open-for-sales/ https://topcryptogame.com/the-nft-marketplace-is-open-for-sales/#respond Mon, 29 Jan 2024 09:06:51 +0000 https://topcryptogame.com/the-nft-marketplace-is-open-for-sales/ The CEO of OpenSea, Devin Finzer, stated that the renowned NFT marketplace is “open” to various negotiations, from collaborations to the sale of the platform.  OpenSea: is the NFT marketplace for sale? Here are the CEO’s words According to what is reported, it seems that the CEO and co-founder of OpenSea, Devin Finzer, has stated […]

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The CEO of OpenSea, Devin Finzer, stated that the renowned NFT marketplace is “open” to various negotiations, from collaborations to the sale of the platform. 

OpenSea: is the NFT marketplace for sale? Here are the CEO’s words

According to what is reported, it seems that the CEO and co-founder of OpenSea, Devin Finzer, has stated that the company is “open” to negotiations.

There could also be the sale of OpenSea at stake, as Finzer said he has received interest for an acquisition, but without specifying when and from whom. 

What is clear, however, is the sector collapse that has led the platform to have difficulty justifying its $13.3 billion valuation.

In this regard, Finzer speaks of an “open approach” in evaluating partnerships, acquisitions and therefore, also the sale of OpenSea. At the moment, there are no official news, nor an active search for a suitor. 

Here are his words in an interview:

“The honest answer is that we have a rather open approach. We believe that if the right partnership were to present itself, then it would be something worth considering.”

OpenSea: the NFT marketplace for sale because of competitor Blur?

Always together with Finzer, the strong growth of the competitor NFT marketplace Blur has been analyzed, which in a way “overtaken” the primacy of OpenSea. 

And indeed, since its launch in 2022, Blur has managed to establish itself in the NFT sector, with a current daily trading volume of 18 million dollars, about five times higher than that of OpenSea. 

At the same time, OpenSea still has more users than Blur, but compared to January 2022, its monthly trading volume has experienced a 96% collapse. 

In this regard, Finzer wanted to clarify that he is not discouraged by Blur’s performance, but yes, he cannot go unnoticed. Here’s what he said about it:

“We have only noticed that Blur has cut many different corners when it comes to its approach to legal and regulatory issues”

The crypto recovery and the NFT sector

While the position of OpenSea and the sale of the platform is not clear, Finzer also talks about a possible recovery of the crypto market, which could lead to a new growth for the NFT sector. 

Compared to the NFT mania of 2021, the following years have been rather turbulent for the sector. Yet during 2022, the NFT marketplace acquired Gem, an NFT aggregation tool, Dharma, a first cryptocurrency wallet, and Mintdrop, which allows creators to quickly bring their collections to the market.

These actions carried out during the crypto winter have been opportunities for Finzer as a dealmaker, who seeks opportunities when bearish markets turn into bullish markets. 

Not only that, for these first weeks of 2024, the CEO of OpenSea has declared to have had meetings with luxury brand executives to develop custom NFT projects, and participation in various events during Fashion Week this week in Paris.

According to Finzer, the presence of Gucci and Louis Vuitton in the NFT sector this year is different from previous years, as there is more market awareness. Here are his words on the matter:

“I think people are now starting to understand it more deeply. I was really impressed when I had these conversations, by the level of sophistication of the people managing these projects and initiatives.”

The dismissal of employees

Last November, OpenSea made headlines for a significant organizational transformation, which caught the attention of the entire crypto space. 

In practice, OpenSea had decided to lay off half of its staff, raising doubts about its status.

In this regard,  Finzer has now commented:

“The restructuring we have done has been aimed at changing the composition of the team to make it leaner and smaller, so that we can operate more agilely in the market, rather than downsizing it due to financial pressures”

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News on a new marketplace for NFTs on Ethereum https://topcryptogame.com/news-on-a-new-marketplace-for-nfts-on-ethereum/ https://topcryptogame.com/news-on-a-new-marketplace-for-nfts-on-ethereum/#respond Wed, 08 Nov 2023 16:44:36 +0000 https://topcryptogame.com/news-on-a-new-marketplace-for-nfts-on-ethereum/ There is news about a new marketplace for NFT on Ethereum. It is a collaboration between Yuga Labs and Magic Eden, with the aim of protecting creators’ royalties.  NFT News: The Magic Eden Ethereum Marketplace This collaboration is expected to result in the launch of the Magic Eden Ethereum Marketplace by the end of 2023.  […]

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There is news about a new marketplace for NFT on Ethereum.

It is a collaboration between Yuga Labs and Magic Eden, with the aim of protecting creators’ royalties. 

NFT News: The Magic Eden Ethereum Marketplace

This collaboration is expected to result in the launch of the Magic Eden Ethereum Marketplace by the end of 2023. 

Magic Eden is a cross-chain NFT platform that enables users from thousands of digital communities to create, discover and collect unique NFTs, bringing dynamic cultural moments to the blockchain. 

In partnership with Yuga Labs, the company behind Bored Ape Yacht Club (BAYC), Otherside, CryptoPunks, Meebits, Twelvefold and 10KTF, a new cross-chain NFT platform is being created that will be the first major Ethereum marketplace contractually obligated to pay creators’ royalties. 

Currently, once a work associated with an NFT is sold, it can be freely used by its new owners, and indeed this leads to some forms of abuse. In addition, other users sometimes use works associated with NFTs without the permission of the creators.

Yuga Labs 

Yuga Labs is a leader in the emerging Web3 industry. Its initiatives aim to reinvent the real-world utility aspect of NFTs and advance the industry as a whole. 

Since its launch in 2021, it has made headlines as one of the first companies to issue IP licences to NFT holders, and in 2022 it raised an initial round of investment of $450 million, valuing it at $4 billion.

Together with Magic Eden, it shares a common vision for the future of Web3, where creating a fair and rewarding ecosystem for imaginative content creators is important. 

The collaboration between the two is an extension of this commitment, as it is based not only on the principle of ownership, but also on the ability of creators to continue to receive royalties for their original works.

Respect for copyright is also fundamental in this sector in order to protect and reward the work of creators, even if other parties think otherwise. In the future, Yuga Labs will only work with marketplaces that commit to these principles for new collections, ensuring fair treatment for creators.

NFT Marketplaces

There are a number of NFT marketplaces that not only allow anyone to create and sell NFT, but also fail to protect copyright or exploitation rights. 

As a result, creators lose complete control over their works once they are sold, leading to possible copying and counterfeiting, or exploitation to which they have no rights. 

The risk is that many creators will be discouraged from producing and selling works in NFT format, which is why some are working on an alternative. 

On the other hand, the beauty of NFTs is that their entire ownership history can be tracked on the chain, making it possible to trace the true owner at any time. 

While there will always be traditional marketplaces where creators cannot claim any rights to their work once it has been sold, Magic Eden’s new marketplace will be an interesting alternative, especially for creators who care about their works of genius. 

NFT News: Comments on Magic Eden’s new Ethereum marketplace

Daniel Alegre, CEO of Yuga Labs, said: 

“We see this partnership with Magic Eden as a win for the whole ecosystem. We appreciate everyone in the space taking steps in this direction, and invite like-minded participants to get on board. Magic Eden is putting their money where their mouth is, and together we are supporting the building of an Ethereum marketplace that will back creators, without whom web3 would not exist”.

Jack Lu, CEO and co-founder of Magic Eden, added: 

“We remain committed to the betterment of the web3 creator ecosystem, steadfast in our belief that we should champion creators who are the heart and soul of the industry. Right now, it’s a priority to provide creatives with the support they deserve with creator royalty programs. In collaboration with Yuga Labs, we’re set to a develop an Ethereum marketplace that resets the standard for royalty allocation and are hopeful this action will reverberate throughout the ecosystem.”


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Amazon will launch its NFT marketplace https://topcryptogame.com/amazon-will-launch-its-nft-marketplace/ https://topcryptogame.com/amazon-will-launch-its-nft-marketplace/#respond Tue, 07 Mar 2023 08:05:49 +0000 https://topcryptogame.com/amazon-will-launch-its-nft-marketplace/ The e-commerce giant Amazon is ready to launch its NFT marketplace next month, precisely on 24 April. Amazon and the launch of its NFT marketplace in April According to a report by TheBigWhale, Amazon says it is ready to launch its NFT marketplace precisely on 24 April.  The e-commerce, cloud computing, online advertising, digital streaming […]

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The e-commerce giant Amazon is ready to launch its NFT marketplace next month, precisely on 24 April.

Amazon and the launch of its NFT marketplace in April

According to a report by TheBigWhale, Amazon says it is ready to launch its NFT marketplace precisely on 24 April. 

The e-commerce, cloud computing, online advertising, digital streaming and artificial intelligence giant will also make room for Non-Fungible Tokens.

From what emerges, it appears that initially about fifteen collections will be available on the website through a tab called “Amazon Digital Marketplace.” This tab will initially be available only in the United States. The platform will gradually be opened to the rest of the world, including Europe.

In fact, it appears that the launch of Amazon Digital Marketplace has been postponed twice in recent weeks because of the FTX crypto-exchange failure that shook the entire industry.

At the moment, it appears that the date 24 April has been set, barring any new emergency events. However, it is still unclear if the platform will accept crypto payments or if only credit card payments will be available.

Amazon follows eBay for the sale of NFTs

Amazon’s marketplace was somewhat predicted back in January this year. But the American giant, is not the first to have decided to add NFTs to its ecommerce, or to want to launch a dedicated NFT marketplace.

As early as May 2021, eBay had added NFTs to its marketplace, purchasable via auction much like it happens on more “traditional” crypto art platforms.

However, eBay has not added crypto payments, but only in fiat currency via PayPal and credit card, without special KYC, but only via login to the marketplace.

This is a basic way of selling NFTs, as opposed to the other platforms that have some barriers to entry instead. Not only that, the fact that Ethereum is not used as payment, frees one from the large gas fees of this blockchain.

NFT industry data for February 2023

Amazon leaked its news just as the Non-Fungible Token market seems to have started breathing again, touching $2 billion in trading volumes for the first time since May 2022.

This is a 117% increase over the month of January 2023. The star of this growth is Blur‘s NFT marketplace, which appears to have surpassed the famous OpenSea in terms of trading volume.

And indeed, while Blur touched $1.3 billion, OpenSea remained at $587 million. This is 64.8% of the entire NFT market trading volume for Blur, compared to 28.7% for OpenSea.

Despite this performance, OpenSea still has a much larger user base than Blur. It is nearly 317K traders compared to not even 97K for Blur.

 


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how to build a successful NFT marketplace https://topcryptogame.com/how-to-build-a-successful-nft-marketplace/ https://topcryptogame.com/how-to-build-a-successful-nft-marketplace/#respond Sun, 05 Mar 2023 07:27:26 +0000 https://topcryptogame.com/how-to-build-a-successful-nft-marketplace/ At NFT Paris 2023, which took place in the French capital on February 24-25th, we interviewed Yawn Rong, co-founder at Find Satoshi Labs, creator of the most famous STEPN NFT project to talk about how a successful marketplace should work. What are the plans for the future expansion of the game and the NFT marketplace? […]

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At NFT Paris 2023, which took place in the French capital on February 24-25th, we interviewed Yawn Rong, co-founder at Find Satoshi Labs, creator of the most famous STEPN NFT project to talk about how a successful marketplace should work.

What are the plans for the future expansion of the game and the NFT marketplace?

We started STEPN during the Covid-19. I was so bored, in a lock down, there were a lot of lockdowns in Australia. Jerry was my neighbor back then and we kept seeing each other at home, as we couldn’t go more than 500 km radius.

We said to each other “let’s create a crypto project” because Jerry has a background of building games and I am more involved in investing crypto, mining and everything to turn profit into crypto.

So we merged our two companies and we wanted to develop a game. Originally the game did not involve walking, but it had to be something like Monopoly or SuperMario.

Then the lockdown continued but we could walk for a couple of hours and the police were checking. Never seen so many people walking around with kids or with their dogs, so I thought that it would male sense to make something related to walking outside.

When you create a game, people demandes updates, they get bored quickly so we decided to remove a lot of gaming parts, the narrative and we kept the core. That’s the story and people like it, we have 20k to 50k people using it every day.

What do you think about the NFT market right now? How can it grow in the future? What’s your forecast on adoption?

The barriers are still too high for a person to enter in the NFT space for the first time. We are working to lower the entry barriers, this is our goal. That’s what we want to solve.

What are your next goals and objectives for STEPN?

Last year we established the objectives of expanding the Find Satoshi Labs ecosystem, which means a single app will always need to evolve. We need to keep building and this is the most important objective also to support the GMT token.

That’s why we decided to build our marketplace, our DEX and we have another field ecosystem for infrastructure which is going to be released later this year.

Once we complete the ecosystem we need to start to fill it with retails and products. STEPN will always be one of them, but we want to release another few apps.

In that way we are developing this “walking with two legs” sort of strategy: with one leg we are focusing on NFT and the other leg is working on tokenomics with the GMT token in the center.

The NFT and the token will be supporting each other. For example token burn to mint NFTs, NFT to have tokens, etc…

How is it going with NFT marketplace Mooar and the DEX called Dooar?

Dooar is the DEX we are building. We were trying to combine all the necessary components into one app which is STEPN. In the beginning we were using external providers but we decided to replace them with our own products.

Now we also have Dooar available on Mooar to facilitate exchange tokens. We have future plans on Dooar but it’s not our top priority now.

It’s working, it has basic functionality but we are more focused on Mooar now, the NFT marketplace built on Solana and Ethereum and more blockchain.

We are also optimizing the UX. If we want to summarize Mooar, for now it’s a membership only zero fee launchpad with trading functions and we are focusing on the launchpad now, building the next circle of blue chip NFTs.

This is why we are carefully selecting a handful of projects on a quarterly basis to identify the most likely to be successful. You can see that the projects we are launching are NFTs with a utility.

All the NFTs must have a utility and then you are able to grow.

We are also taking the trading fees away, and we are replacing them with a more sustainable model which is the subscription model.

Although the subscription seems a little bit difficult because you are not trading NFTs too often, there are other products we want to release to make the membership actually worth it.

With the subscription model we are able to explore a wide range of product features for example now the users will have an ecosystem to get experience and you are leveling up, not only trading.

If you are a high level user you will have more chance to win, to mint when it comes to the launchpad, for example.


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DNS and institutional NFT marketplace on Elrond https://topcryptogame.com/dns-and-institutional-nft-marketplace-on-elrond/ https://topcryptogame.com/dns-and-institutional-nft-marketplace-on-elrond/#respond Tue, 14 Jun 2022 14:32:46 +0000 https://topcryptogame.com/dns-and-institutional-nft-marketplace-on-elrond/ The Romanian National Institute for IT Research and Development, ICI Bucharest, is using Elrond Network technology to create the first institutional NFT marketplace for an EU country, and a decentralized Domain Name System (DNS/TLD). First institutional marketplace for NFTs This was reported by Elrond Network’s founder and CEO, Benjamin Mincu.  Blockchains are reshaping public administration […]

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The Romanian National Institute for IT Research and Development, ICI Bucharest, is using Elrond Network technology to create the first institutional NFT marketplace for an EU country, and a decentralized Domain Name System (DNS/TLD).

First institutional marketplace for NFTs

This was reported by Elrond Network’s founder and CEO, Benjamin Mincu. 

Elrond Network is a project born in Romania, and Beniamin Mincu is Romanian, hence contacts with the country’s institutions led to this kind of institutional collaboration. 

Indeed, the Bucharest ICI is working on the creation of decentralized Web3 domains and an institutional NFT marketplace, and has chosen Elrond Network’s blockchain as the platform on which to develop these projects. 

These are the first initiatives of their kind in the European Union, and work is already underway thanks to a collaboration between the ICI Bucharest and the developers of Elrond Network.

It is therefore no coincidence that today Elrond’s EGLD token is gaining 12%, after yesterday’s sharp drop. 

The current price is still 35% lower than it was a week ago, and 92% below the November highs, but thanks to this news, something has also moved in a positive direction. 

The Romanian National System for Issuers and Digital Assets will probably be the first of its kind in the European Union, and will consist of a public-institutional marketplace for digital assets that will use Elrond’s Decentralized Identity and Non-Fungible Token (NFT) technology to digitize, access, transfer and store official documents, property deeds or various certificates.

The standardized format will serve to simplify integration with other systems and facilitate the digital transformation of public administration.

ICI is also trying to build a decentralized DNS with top-level domains (TLDs).

The General Manager of ICI Bucharest, Adrian Victor Vevera, said: 

“The goal is to evolve the collaboration between citizens and institutions using a modern digital framework. Web3 technologies can transform public administration and help its institutions and processes leap forward in terms of efficiency and speed, while decreasing costs, overhead and excessive bureaucratic activities”.

Elrond Network’s CEO, Benjamin Mincu, commented: 

“The intersection of governance and technology creates a universe of opportunities for advancing society. It is the right time to take the initiative along with our partners from ICI and embed Elrond Web3 innovations into the next generation of national and institutional frameworks”.


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Coinbase launches its NFT marketplace https://topcryptogame.com/coinbase-launches-its-nft-marketplace/ https://topcryptogame.com/coinbase-launches-its-nft-marketplace/#respond Sun, 08 May 2022 06:25:33 +0000 https://topcryptogame.com/coinbase-launches-its-nft-marketplace/ The opening of Coinbase‘s new and much-talked-about NFT marketplace has been a long time coming for cryptocurrency fans.  Expectations and FOMO seemed really high, but the data collected post-launch, apparently, does not confirm the great predictions made. An uphill start for Coinbase’s NFT marketplace NFT # 6130 from the stoner cats collection, available on Coinbase […]

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The opening of Coinbase‘s new and much-talked-about NFT marketplace has been a long time coming for cryptocurrency fans. 

Expectations and FOMO seemed really high, but the data collected post-launch, apparently, does not confirm the great predictions made.

An uphill start for Coinbase’s NFT marketplace

stoner cats nft
NFT # 6130 from the stoner cats collection, available on Coinbase NFT

Coinbase, which became a public company in April last year, finally managed to open the beta version of its new NFT marketplace to the public a few days ago, but with little success.

It seems to have been an uphill climb for Coinbase in the NFT world.

Expectations were actually very high and this new launch has been widely discussed in recent months.

Even in November, Coinbase CEO Brian Armstrong said that he had high expectations for this new project and even believed that the volume of this new NFT marketplace could exceed that of the cryptocurrency exchange.

Unfortunately, however, the data from the first day of opening was not positive.

According to an analysis by Dune Analytics, the platform seems to have received little interest, with just over 150 new users, bringing the total number of users on Coinbase NFT to 1,112 as of Wednesday evening. 

Obviously few users bring few transactions.

In fact, Coinbase NFT seems to have only recorded 150 transactions on its first day of opening to the public, for a total amount of $75,000 in ETH. A figure that in the NFT space is absolutely derisory.

OpenSea remains at the top of the charts

Considering the large landscape of NFT marketplaces, we can safely say that OpenSea continues to dominate the market as the largest NFT trading platform

OpenSea is the largest NFT trading platform in the world with billions of dollars of trading volume every month.

The causes of the failure

The failure of this launch may perhaps lie in the fierce competition in the sector. There are now plenty of marketplaces covering all kinds of niches. However, there may be other factors.

Wrong timing

Coinbase NFT came onto the market at a time of market downturn. Ethereum is currently down 44% from its all-time high of over $4,800 and monthly NFT sales are also down from their January high of almost $5 billion.

New and interesting projects on the horizon

Despite the fact that the NFT marketplace already offers a wide and varied range of products, this is not deterring other teams from launching their own products on the market.

Kraken has announced in recent days that the waiting list for its NFT marketplace is finally open, offering zero gas fees.

Coinbase NFT offers no significant advantage

The crux of the matter perhaps lies here: Coinbase NFT does not seem to offer a real selling point that sets it apart from its competitors

The service is the same and users don’t really have a real reason to move to the new platform, other than not having to pay any kind of fee for a limited period of time.


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10 Reasons To Buy Terra Virtua TVK | Top NFT Project! 🚀 https://topcryptogame.com/10-reasons-to-buy-terra-virtua-tvk-top-nft-project-%f0%9f%9a%80/ https://topcryptogame.com/10-reasons-to-buy-terra-virtua-tvk-top-nft-project-%f0%9f%9a%80/#respond Thu, 07 Apr 2022 19:14:00 +0000 https://topcryptogame.com/10-reasons-to-buy-terra-virtua-tvk-top-nft-project-%f0%9f%9a%80/ With Terra Virtua (TVK) you can own a rare car NFT which you can showcase or even race on a virtual track against other players. Maybe you own a unique spaceship to exhibit or explore in VR space? Or perhaps you want to show off your digital collection of vinyl album covers which can also […]

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With Terra Virtua (TVK) you can own a rare car NFT which you can showcase or even race on a virtual track against other players. Maybe you own a unique spaceship to exhibit or explore in VR space? Or perhaps you want to show off your digital collection of vinyl album covers which can also unlock A VR concert. Its all possible in Terra Virtua. Your experiences begin by owning your own unique digital assets which you and your friends can share, trade, exhibit, play and enjoy.

Terra Virtua will become the one platform to share, trade and interact with Digital Collectibles from Brands and creators in new, social, engaging and immersive ways.

Collecting. Reinvented.

#TerraVirtua #TVK #NFT #bitcoin​ #ethereum​ #Godzilla #KingKong #Kong​ #annadreambrush​ #harmony​​​ #one​​​ #altcoins​​ #eth​​​ #scaling​​​​​​​ #Chainlink​​​ #LINK​​​​​​​​​​ #VeChain​​​​​​ #btc​​​​​​​​​​​​​ ​​​​ #altcoin​​​​​​​​​​​ #investing​​​​​​​​​​​​​​​​​​​ #cryptocurrency​​​​​​​​​​​​​​​​​​​​​​ #crypto​​​​​​​ #invest​​​​​​​​​​​​​​​​​​​ #binance​​​​​​​​​​​​​​​​​​​ ​​#news​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ #success​​​​​​​​​​​​​​​​​​​ #finance​​​​​​​​​​​​​​​​​​​ #entrepreneur​​​​​​​​​​​​​​​​​​​ #business​​​​​​​​​​​​​​​​​​​ #market​​​​​​​​​​​​​​​​​​​​​​​​​ ​​​​​​​​​​​​​​​​​​​​#staking​​​​​​​ #NFT​​​​​​ #NFTs​​​​​​ #grayscale​ #gemini​ #coinbase​ #kraken​ #CRO​

Timestamps:
00:00 Introduction to Terra Virtua
02:38 Ten Reasons to Consider TVK
11:06 Partnerships

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Gamestop builds the NFT marketplace https://topcryptogame.com/gamestop-builds-the-nft-marketplace/ https://topcryptogame.com/gamestop-builds-the-nft-marketplace/#respond Fri, 04 Feb 2022 07:50:53 +0000 https://topcryptogame.com/gamestop-builds-the-nft-marketplace/ In a public announcement on Thursday, 3 February, GameStop revealed that it has entered into a partnership agreement with Immutable X to create a new NFT marketplace. A $100 million fund has been established by the two companies for this purpose. GameStop’s NFT marketplace ready by 2022 After months of announcements, the major American video […]

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In a public announcement on Thursday, 3 February, GameStop revealed that it has entered into a partnership agreement with Immutable X to create a new NFT marketplace. A $100 million fund has been established by the two companies for this purpose.

GameStop’s NFT marketplace ready by 2022

After months of announcements, the major American video game chain has finally unveiled its new project to create its own NFT platform on the Ethereum blockchain.

Immutable X has already collaborated on NFT projects, with the famous social media TikTok in September. A post on the company’s blog states that this is the  

“first layer two for NFTs on Ethereum” and Immutable X participants experience “zero gas fees, instant trades, and carbon-neutral NFTs for marketplaces, games, and applications without compromise”.

The Sydney-based company said it will be able to reduce consumption and related fees by bundling many NFT sales into a single Ethereum transaction and also buying carbon offsets.

GameStop’s new NFT marketplace, which is expected to see the light of day by the end of 2022, will create, according to the guidelines expressed in a statement by the company itself, interesting opportunities for developers to succeed in creating new zero-emission games, in which players can buy, sell and exchange game resources with the model of fungible tokens.

The operation was already reported last month to the authorities of the American stock exchange by GameStop, as announced by the Wall Street Journal. The company has also stated that it will be hiring around 20 new crypto experts within the next three months, who should be in charge of both the development of the new NFT projects and any other future projects in the cryptocurrency sphere.

gaming NFT
Is the gaming world ready for NFTs?

GameStop’s turnaround

GameStop, headquartered in Grapevine, Texas, which has had a long slump that led the company to lose more than 60% of its value on the stock market, is now looking for a slow recovery. 

The company changed its executive team and board of directors in June after a new investor, Ryan Cohen, came on board and pushed for a profound change in top management and company line. Cohen was then appointed president, and he is largely responsible for the company’s new, more technological direction.

Is the gaming world ready to embrace NFTs?

It remains to be seen if the gaming market is mature enough to welcome this new engagement revolution, thanks to non-fungible tokens. In December, Ubisoft, one of the world’s leading game developers, after launching an NFT project linked to some of its games, had declared disappointing sales and results well below expectations.

The reactions of the players to this innovative possibility seem very cold at the moment, although an Ubisoft executive declared in January to be very optimistic about the prospects of NFTs linked to videogames.

 


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Gamestop is looking for creators for the NFT https://topcryptogame.com/gamestop-is-looking-for-creators-for-the-nft/ https://topcryptogame.com/gamestop-is-looking-for-creators-for-the-nft/#respond Thu, 30 Dec 2021 21:08:02 +0000 https://topcryptogame.com/gamestop-is-looking-for-creators-for-the-nft/ Gamestop is about to make its debut in the NFT sector with a special marketplace, but at the moment, there are no other rumors, except that the company is looking for creators.  The only certainty is that everything will happen in 2022.  Gamestop prepares the launch of the NFT marketplace 2021 was certainly the year […]

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Gamestop is about to make its debut in the NFT sector with a special marketplace, but at the moment, there are no other rumors, except that the company is looking for creators. 

The only certainty is that everything will happen in 2022. 

Gamestop prepares the launch of the NFT marketplace

2021 was certainly the year of rebirth for Gamestop. The company was on the brink in January; GME shares were considered junk assets and were used by hedge funds to speculate with short sales. The short squeeze triggered by the Reddit group WallStreetBets has rewritten history and has probably made the company realize that important market opportunities can come from the digital world. 

That’s why Gamestop, a chain of physical video game stores, is now evolving to the latest gaming frontier: NFTs.

Not only is the company looking for experts, but it has also created an official website where creators are called to gather. Those who want to debut in Gamestop’s NFT marketplace must fill in a special form. 

Neither from the company nor from the site filter other indications. The only clear thing is that everything will be based on the Ethereum blockchain, as suggested by the ETH logo that makes a good show in a console that reminds the old and unforgettable Gameboy.

Gamestop NFT marketplace
Gaming and NFT are increasingly linked

Gaming and NFTs

Gaming on the blockchain is perhaps one of the channels that can lead to the mass adoption of NFTs. Non-fungible tokens can be considered the real trend that exploded in 2021, a full-fledged craze that has infected not only art enthusiasts but also sports fans, gamers, celebrities. 

After all, the most famous NFTs made their debut in unsuspected times, just as video games. This is the case with Cryptokitties. But also, Sorare’s fantasy soccer on the blockchain, by now an established reality, bases its economy on collectibles depicting players that users exchange and then deploy in their games. 

Prices of NFT tokens

Other consolidated realities as Axie Infinity, Decentraland, The Sandbox have known a real boom just exploiting that link that joins the gaming to the non-fungible tokens. 

Their tokens have grown by leaps and bounds, climbing the Coinmarketcap rankings. A few numbers help to better understand the soaring annual value:

  • Axie Infinity (AXIE), 95.57 USD, up 17670%;
  • Decentraland (MANA), 3.307 USD, + 4140%;
  • The Sandbox (SAND), 5.872 USD, + 16362%.

With these figures, it’s easy to see why Gamestop would want to get into the NFT business. Who knows, maybe GME shares will get pumped again as well, this time without the need for WallStreetBets’ retail traders. 


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