Author: Crypto News Live

Ahead of the global release of its mobile game Pudgy Party, Pudgy Penguins is rewarding early players with a “Soulbound Token.” Summary Developed with Mythical Games, Pudgy Party features chaotic multiplayer obstacle courses and mini-games for up to 20 players. “Early to the Party” SBTs will be delivered to eligible wallets after the game’s official launch. Pudgy Penguins is an early adopter of Soulbound Tokens, previously issuing “truePengu” tokens and collaborating with Sotheby’s for digital authentication badges. Pudgy Penguins (PENGU) has announced the official release of its “Early to the Party” Soulbound Token (SBT), a non-transferable digital badge rewarding early…

Blockchain gaming community Yield Guild Games (YGG) has conducted a $1 million buyback of YGG tokens. Developers are believed to be using revenue from the game to buyback the game. According to data from onchain analyst Ember, the company withdrew 5.87 million YGG tokens from the exchange yesterday after transferring 1 million USDT to Binance two days ago. The average buyback price was $0.17. Analysts suggest that the funds used for the buyback may have come from YGG’s gaming revenue. The company’s first homegrown game, LOLLand, has generated approximately $1 million in revenue in the last 30 days. At press…

This is a segment from The Drop newsletter. To read full editions, subscribe. Crypto gaming has seen plenty of multimillion-dollar raises, but in many cases, that funding and hype hasn’t amounted to much. It’s not a guarantee of future success, by any means. Funding in the crypto gaming sector is also down 93% year-over-year, meaning there isn’t as much of an appetite for funding large dev teams or splashy marketing budgets right now. But builders are still finding ways to ship projects with lean teams, turning visions from the GameFi trenches into reality. Jakpot Games, which is building out its…

Generative AI is triggering an industry-wide reckoning in gaming—and some studios won’t survive the fallout. That’s the warning from Jack Buser, global games director at Google Cloud, who says the industry is entering an upheaval as big as any in its history. “Some of these game companies are going to make it, and some of them are not,” Buser told Decrypt. “And some are going to be born through this revolution.” Buser, a 30-year industry veteran, works with publishers and studios to adopt cloud infrastructure and AI, from scaling multiplayer systems to analyzing player data and testing generative tools. That…

One lucky morning, you see your crypto’s going to the moon—then by the evening, it’s down 40%. What just happened? Welcome to the wild world of volatility. It can wreck your plans, and your confidence in crypto. But here’s the thing: it’s not random. And once you understand it, you’ll be able to make smarter, safer decisions. So let’s break down what crypto volatility really is, why it matters, and how to survive it with your investments intact. What Is Volatility? Volatility is how much an asset’s price fluctuates—up or down—over a specific period of time. Some assets show healthy…

Mining Bitcoin sounds exciting—until you see the hardware bills and electricity costs. Cloud mining skips all that. You rent a slice of industrial mining farms and get rewards without running any rigs yourself. This guide explains how cloud mining works, what it costs, and whether it can actually make you money. What Is Cloud Mining? Cloud mining is a form of crypto mining where you outsource the process to a provider that runs large-scale mining farms. In short, you rent computing power instead of buying machines. The company manages the hardware, electricity, and upkeep, while you earn a share of…

Eager gamers keen to get their hands on the latest crypto gaming handheld from Mysten Labs are being greeted with unexpected import duties, potentially amounting to hundreds of dollars. Early buyers of the SuiPlay0X1 are staring down the consequences of President Donald Trump’s “reciprocal tariffs” on global partners as the White House’s trade policy begins to bite. Mysten Labs has confirmed to Decrypt that it is holding the next shipment of devices as it attempts to triage complaints from buyers and get a better handle on expected fees. The SuiPlay0X1 is a handheld gaming PC akin to Valve’s popular Steam…

Immutable and Koin Games today unveiled Project O, a fast, competitive trading card game (TCG) designed from the ground up for mobile play. The title marries deep collection mechanics and character-driven lore with quick, strategy-first matches meant to slot neatly into a player’s day, think the tactical satisfaction of a classic card battler, but at a mobile pace. “Project O is shaping up to be one of the most anticipated releases in gaming, and I think players everywhere have been waiting for something like this,” said Robbie Ferguson, Cofounder & President of Immutable. “It represents a new generation of AAA…

Bitcoin is no longer just digital gold—it’s becoming the foundation for a new wave of tokens and decentralized applications. At the center of this shift is Runes, a new token standard for Bitcoin. And supporting this emerging ecosystem is RunesDEX, one of the first decentralized exchanges built specifically to trade Bitcoin-native Runes tokens. What Are Bitcoin Runes? Runes are a kind of fungible token that live natively on the Bitcoin blockchain. Historically, Bitcoin wasn’t originally designed for tokens. Unlike Ethereum, it doesn’t have smart contracts or built-in tools for creating DeFi apps, memecoins, or NFTs. For years, that left developers…

Wilder World launched a high-intensity shooter game mode into “super early access” at the annual Gamescom conference on Wednesday. The Ethereum-based project aims to create a broad metaverse of gaming experiences, which kick-started last year with the launch of the racing game Wilder Wheels in partnership with Lamborghini. The PC-based shooter is a 10-player free-for-all deathmatch that blends first and third-person perspectives. Available on Epic Games Store, each match will last for 10 minutes, with players earning points as they battle in a fragment of Wiami—which is a 1:1 recreation of Miami, and the future foundation of its open-world metaverse.…