Author: Crypto News Live

Com2uS Group, a prominent South Korean game publisher, has officially entered the Oasys crypto gaming ecosystem by launching its own layer-2 chain called XPLA Verse, along with a pair of prominent titles in major franchises. XPLA Verse is now the home of Summoners War: Chronicles, an action role-playing game spun off from the popular game Summoners War: Sky Arena, which has over 220 million downloads. It also now hosts The Walking Dead: All-Stars, based on the zombie comic book series. Com2uS, which is well known for its mobile gaming presence in South Korea, has been accelerating its Web3 strategy and…

Web3 gaming ecosystem XPLA, in collaboration with Com2uS Group, has officially launched its own layer 2 chain, XPLA Verse, on the Oasys blockchain. The launch includes several popular games from Com2uS, such as “Summoners War: Chronicle” and “The Walking Dead: All-Stars,” bringing these titles into the blockchain gaming realm.Com2uS Titles Go Live on XPLA VerseThe introduction of XPLA Verse features notable games from Com2uS Group. “Summoners War: Chronicles,” an action RPG derived from the widely successful “Summoners War: Sky Arena,” which has over 220 million downloads, and “The Walking Dead: All-Stars,” a game with 250,000 monthly active users, are now…

New York – Magic, the wallet-as-a-service provider, has partnered with Etherlink, an innovative EVM-compatible Tezos Layer 2 solution. This integration promises to revolutionize decentralized application (dApp) development by combining Etherlink’s speed and cost-efficiency with Magic’s user-friendly wallet SDK.—This collaboration addresses key challenges in the blockchain industry by offering reduced transaction costs, faster speeds, and efficient resource utilization, all while maintaining decentralization and censorship resistance. Etherlink’s integration with Tezos as an “enshrined” rollup enhances its security and infrastructure, ensuring robust support for developers and dApps transitioning from the EVM space.Key Features of EtherlinkSub-Second Block Times: Quick transactions enhance user experience.Low Transaction…

The U.S. Treasury Department has taken a significant step in evaluating the risks associated with NFTs through their recent release of finance risk assessment report. The report, the first of its kind, aims to inform regulators and provide a comprehensive understanding of the potential risks and security concerns that the rapidly evolving NFT market presents.Detailed Findings on Financial RisksThe report dives into specific financial risks in the NFT market. While there have been rare instances of NFTs being used for illicit activities such as terrorist financing and nuclear proliferation, these activities are still primarily carried out through fiat currency. However,…

Etherium to retrace to $3.7k to retest a support zone before a price surge to $4k. Most metrics hinted at a price correction in the near future. Ethereum [ETH] is retracing to  $3.7k, the resistance zone that turned to support before retesting to surge to a target high of $4k. This support zone could lead to a surge towards the target high of $4k. However, the fair value gap below $3.7k might act like a price magnet, pulling the price lower and potentially breaking this support. If the bearish momentum pulls the price past the support zone a retest at…

Web3 data analytics platform Dune launched today the Dune Catalyst, an enterprise-grade service designed to streamline blockchain data integrations, making data readily available to the crypto community. The emergence of layer-2 and layer-3 networks has given rise to numerous new blockchains, creating new challenges for the community to analyze this new information flow. Dune Catalyst addresses this issue by facilitating easier integration with Dune’s platform. “The future is unquestionably multichain,” said Fredrik Haga, CEO and co-founder of Dune. “By providing a new data structure standard, Dune Catalyst helps burgeoning blockchains make their data publicly accessible faster without data indexers’ backlogs,…

The risk assessment is the Treasury’s first into NFTs as a means of carrying out fraud and other crimes. The Treasury determined that NFT platforms “lack appropriate controls” to combat money laundering and sanctions evasion. The U.S. Treasury Department said non-fungible tokens (NFTs) are “highly susceptible to use in fraud and scams and are subject to theft,” in a new risk assessment about illicit finance, its first into NFTs as a means of carrying out fraud and other crime. “The report determines that illicit actors can use NFTs to launder proceeds from predicate crimes, often in combination with other methods…

TL;DRFull StoryHere’s one of those ‘only in Web3’ moments.The SIMD-0096 proposal was just approved. (Sounds dry, but hear us out)!Similar to classic payment processors (Stripe, Square etc.), when transacting in crypto, you’ll usually pay a fee.For a blockchain like Solana, the normal fee is pretty cheap, but imagine if there was an NFT that you realllly wanted, and right at that moment there were thousands of other people who were transacting on Solana? In that case, chances are, the network will be clogged up, and you’ll have to wait ages before the transaction completes. So, instead of waiting at the…

GameFi, once a buzzword in the cryptocurrency market, is now resurging with a vengeance. This revival is driven by innovative developments, market adaptation, and a growing global audience. These technologies are not a rising trend but a transformative movement in the gaming industry. The Boken Play-to-Earn Model Kieran Warwick, co-founder of Illuvium, told BeInCrypto about Southeast Asia’s pivotal role in GameFi’s resurgence. According to him, Southeast Asia, with its young, tech-savvy population and high crypto adoption, is a crucial player in this sector. The region’s preference for mobile and accessible gaming platforms integrated with blockchain technology highlights the potential of…

In the melting pot of technology, gaming, and finance, a new player emerges to challenge the status quo. The booming gaming industry and the allure of digital gold come together under the banner of ‘Echelon Prime‘ and its native ‘PRIME Coin.’As we delve into ‘Exploring Echelon Prime: A Comprehensive Guide to PRIME Coin,’ we will uncover how PRIME Coin is not just another cryptocurrency but a pivotal element of a growing virtual ecosystem. This comprehensive guide will navigate you through the intricacies of the Echelon ecosystem, the evolution of gaming currencies, and the economic revolution unfolding within the pixelated realms…