Author: Crypto News Live

Web-based crypto arcade BSMNT (aka “Basement”) debuted on Thursday alongside the launch of a new gaming network called B3.fun—and both are built on top of Coinbase’s Ethereum layer-2 network Base as the chain starts to welcome more gaming activity. With crypto-fied riffs on massively popular Web2 games like brick-breaker Breakout and Crossy Road, as well as established Web3 games like Nifty Island and Mighty Action Heroes, BSMNT players are invited to connect their wallet before “minting” the games they want to play. BSMNT.fun finds its home on B3.fun, a new Ethereum gaming network built on top of Base. While not…

Unstoppable Domains has gained official ICANN accreditation, becoming the largest onchain registrar to receive accreditation. We’re proud to roll out a comprehensive suite of onchain products for the domain industry. In addition, we are dedicated to supporting our partners in launching ICANN gTLD counterparts of their branded onchain top-level domains (TLDs) in the next New gTLD application round to expand the utility of their domains with added Web2 functionality. Likewise, our mission to extend our onchain offerings to many more traditional top-level domains is poised to propel the domain industry to new heights by enabling holders to access the benefits…

Ethereum mainnet gas fees drop amid low network demand. We assess the role of Ethereum layer 2s in the declining gas fees and decongesting the mainnet. Ethereum [ETH] has had quite the reputation over the years for having expensive transaction fees, a situation that has driven many users to layer 2 networks. But, recent findings reveal that Ethereum gas fees have been declining. High gas fees on the Ethereum network have been a limiting factor, discouraging many from participating in DeFi within the mainnet. However, recent findings revealed that gas fees recently dropped to their lowest levels in the last…

Ethereum price mirrored Bitcoin, showing volatility, with recent staking inflows leading to price declines. Analysts predicted a potential rally for Ethereum, targeting a $3,000 price point amid market adjustments. Ethereum [ETH], being the second-largest crypto by market cap, has continued to follow Bitcoin [BTC] closely in its struggles to achieve new highs. So far, Ethereum has declined 2.1% in the past week.  This decline appears to have extended to even the past day in which ETH dropped by a modest 0.2%— this price performance has now brought the asset to currently trade at a price of $2,619, at the time…

Ember Sword has partnered with the Mantle. The Mantle Network and the Ether liquid staking protocol, Mantle LSP, are the foundational components of this on-chain ecosystem. Mantle’s proficiency in Web3 gaming will streamline onboarding for players who wish to engage with the blockchain economy. Thus, even individuals unfamiliar with blockchain technology can engage in Ember Sword’s groundbreaking functionalities and enjoy their advantages. 🌟 What happens when you take a high-quality, accessible MMORPG and partner with a state-of-the-art Ethereum Layer 2 featuring an EVM-compatible execution environment?🚨 Big News! Ember Sword is making a monumental move, forming a powerful alliance with @0xMantle🚀…

The Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection led daily sales for the second consecutive day on Thursday, according to CryptoSlam data. BAYC recorded US$1.55 million in daily revenue across 40 transactions involving 29 unique buyers and 43 sellers. BAYC’s ranks second in all-time NFT sales, now at US$3.18 billion, behind Axie Infinity’s $4.27 billion. For Thursday’s second-ranking collection Pudgy Penguins, which resides on the Ethereum blockchain like BAYC, had a sales volume of US$950,857. DMarket on Mythos Chain came in third with US$710,878, dropping from the top spot it claimed earlier this week. Immutable’s Guild of Guardians…

Get in the Game with .TBALL, our first meme coin branded TLD! 🏐We’re excited to announce our partnership with Tetherball, the pioneering community-centric meme coin founded by an all-women team! Tetherball blends the viral and playful nature of meme coins with the community-centric approach of modern digital finance. They’re breaking new ground in the crypto world, showcasing the transformative potential of women-led initiatives in emerging technologies. Now, with .TBALL domains, they’re making it even easier for their community to engage, connect, and thrive.Say goodbye to confusing wallet addresses and hello to easy-to-remember .TBALL domains! This new branded TLD from Unstoppable…

Inflows into BTC and ETH have declined by around $6 billion. Open Interest also confirmed the inflow decline. Recent shifts in capital from major assets like Bitcoin [BTC], Ethereum [ETH], and stablecoins indicate broader market movements. These changes are mirrored in the declining Open Interest for BTC and ETH. Bitcoin, Ethereum experience capital flight AMBCypto’s analysis of the Aggregate Market Realized Value Net Position change on Glassnode revealed a significant trend: capital inflows into Bitcoin and Ethereum have sharply declined. Over the past two weeks, inflows have dropped from $20 billion to $14 billion. At the same time, stablecoin inflows…

Tron’s network activity hit $435 million, surpassing Ethereum’s $364 million. Its network revenue estimated to hit $2 billion in 2024. Tron’s [TRX] network adoption has experienced exponential growth over the past three months. Despite the high crypto market volatility, the network has surged in address, revenue, and activities. The increase in Tron’s adoption arises from increased stablecoins preference for the network. In the last 90 days, the Tron network has outpaced Ethereum [ETH] as well. Tron surpasses Ethereum’s revenue Per AMBCrypto’s look at Token Terminal, the network has hit a record $435 million in fees, while Ethereum lagged behind at…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It’s no secret that web3 gaming has struggled to take off. However, if the web3 gaming-related sector wants to make its mark on the global entertainment market, it must focus on what makes it unique. Current trends such as tap-to-earn and other arcade-like models are far from that. You might also like: Profiling web3 gamers can help blockchain become mainstream | Opinion With blockchain technology, web3 game developers can create games designed for players with complete rights…