Author: Crypto News Live

The Xai Foundation, the core contributor to the Ethereum layer-3 gaming network Xai built on Arbitrum, announced Wednesday that it has teamed up with venture capital firm Outlier Ventures to help bring more traditional or “Web2” developers into the space. The Xai Tokenomics Bootcamp is designed to streamline the development process for new blockchain games and help support the transition of existing Web2 games into models that work well with crypto infrastructure. Developers can tap Outlier Ventures’ expertise in areas such as game asset ownership, token utilization, player rewards, and enhanced security. According to the companies, two games have already…

Azarus, a specialist in playable streams, has announced a partnership with Stream, an open platform designed to enrich digital content with live, interactive experiences. The collaboration aims to strengthen engagement between digital content creators and their audiences.Innovative Technology and Business ModelAzarus is a pioneer in “interactive overlay” for streams and currently holds a pending patent approval for this technology. Interactive overlay uses existing broadcast standards and client-side tools to provide a smooth and engaging user experience without disrupting the primary video content.Since its inception, Azarus has implemented this idea to deliver playable ads, sharing value with viewers and creators and…

After an eight-year wait, NxWorries, the dynamic duo composed of Anderson .Paak and acclaimed producer Knxwledge, is back with a bang.—Their long-anticipated album “Why Lawd?” is set for release, hitting the shelves globally in vinyl, CD, and cassette formats on June 7, with a digital release to follow on June 14. But this album launch is more than just about music; it’s a revolution in artist-fan engagement, thanks to an innovative partnership with Gala Music.To celebrate the release of “Why Lawd?”, fans will get an exclusive first listen to Knxwledge’s remix of “Daydreaming” on Gala Music’s platform for eight weeks.…

TL;DRFull StoryRead any edition of Web3 Daily from Jan/Feb this year and chances are we were discussing the BTC spot ETFs in some way, shape or form. But, months on, how are they going? Well, yesterday made it 15 consecutive (work) days of net inflows for US-based BTC ETFs.Plus, BlackRock’s iShares Bitcoin Fund (IBIT) reached more than $20 billion in assets under management for the first time.(Epic – right!?)Over the past month, the BTC ETFs collectively pulled in roughly $2.4 billion in fresh money, which was the third-largest amount of net inflows for any type of ETF on the market.…

OneTo11, a blockchain gaming start-up, has announced its plans to expand its offerings to two crucial markets across the world – LATAM and MENA. It will do so by adding 3 new games to the portfolio with a tentative timeline of the next 12 months. Established in 2021, the blockchain gaming platform has been quick to grow with a broad user base of 4.5 million registered users and more than 7.3 lakh monthly active gamers. These are spread in 168 countries and fall within the age of 18-55 years. The company is additionally planning to develop educational technology products. These…

The NFT market has seen significant levels of wash trading, where traders engage in artificial trades to inflate trading volume. Data from Blur, OpenSea, and Magic Eden highlight this trend. Blur leads in wash trading volume with 18.88%, followed by Magic Eden at 27.98%. OpenSea has the lowest at 0.88%. Among the collections, Blur and Magic Eden have high wash-trading levels. Blur’s total volume is $1.29 billion, with 18.88% attributed to wash trading, resulting in an organic volume of $1.05 billion. Magic Eden’s total volume is $206.66 million, with 27.98% wash trading, leaving an organic volume of $148.83 million. OpenSea,…

On June 18, Sotheby’s will auction a curated selection of Bored Ape Yacht Club-centric Ethereum NFTs from Yuga Labs. This auction aims to gauge the fine art community’s interest and the lasting value of Ape-themed digital assets. The highlight of the auction is Ape #8552, a Bored Ape Yacht Club (BAYC) profile picture (PFP) NFT adorned with a leather work vest and sushi chef headband. The rarity and unique characteristics of Ape #8552, such as its solid-gold fur and its previous ownership by the now-bankrupt Three Arrows Capital (3AC), add to its appeal.Gold-Furred Ape NFTs: Rare and ValuableThe auction also…

DEX volume fell to $1.03 billion, however, indicators revealed that ETH’s price could jump. The liquidation levels suggested that the altcoin could leave more shorts in liquidations. Activity on Ethereum’s [ETH] Decentralized Exchanges has been declining for the past seven days, AMBCrypto confirmed. On the 28th of May, based on data from Messari, the volume was $3.34 billion. However, press time data showed that the DEX volume was down to $1.03 billion— A $2.21 billion decrease. An increase in the volume on DEXes would have implied more liquidity for Ethereum. Since it fell, it means that on-chain trades involving ETH…

Analyst expects further ETH bullish momentum as options volumes remain high However, divergent views on non-staking ETH ETF demand persisted.  After reversing all the losses made between March and May, Ethereum [ETH] has been quiet on the charts, swinging around $3,800 for about two weeks now.  Was it the calm before a spot ETH ETF-induced storm on the price charts? Maybe.  Ethereum’s bullish expectations According to Singapore-based crypto trading firm QCP Capital, ETH’s options market volume was higher than BTC’s, underscoring further bullish expectations for the king of altcoins. “This bullishness is likely to continue as the market waits for…

BlockGames, a cross-chain, cross-game decentralized network of players, has announced an exclusive collaboration. As per the company, it is partnering with SKALE Network which is an Ethereum-based L2 sidechain network that assists the dApp development with a cost-effective and low-latency environment. The platform revealed this endeavor on its official account on the social media forum X. @GetBlockGames x @SkaleNetwork 🤝🟪 We are thrilled to announce our partnership with SKALE Network.SKALE is a high-performance blockchain network designed for the needs of Web3 applications. Their scalable infrastructure and developer-friendly environment make them a leading… pic.twitter.com/1k6XYfNDXl — BlockGames (@GetBlockGames) June 4, 2024 BlockGames…