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Axie Infinity Sells a Genesis Virtual Land Slot for 550 ETH

The most expensive virtual real estate in the Non-Fungible Token (NFT) metaverse has just been sold. According to a Twitter post by Axie Infinity, a blockchain-based gaming protocol, one of the rarest virtual lands dubbed the Genesis Land Plot was sold for 550 ETH worth approximately $2.48 million. The Axie Infinity game is one of

Energy Crisis Is Forcing Cryptocurrency Mining Companies Out of Kazakhstan

Power shortages are causing some cryptocurrency mining firms to leave Kazakhstan and move to other nations. Crypto mining company Xive announced on Wednesday, November 24 that it is moving its mining farm out of Southern Kazakhstan due to electricity shortages. Didar Bekbau, the co-founder of Xive cryptocurrency mining firm, talked about the development and said

New Play-to-Earn Altcoin on Ethereum Soars 15,000% in Just Four Months, Shatters $1,000,000,000 Market Cap

A new alien-themed gaming token is leaving earth’s atmosphere as the overall metaverse trend continues to sizzle. Decentralized social gaming platform UFO Gaming (UFO) is built on the Ethereum network and features a “Dark Metaverse” where users can create their own clans, own and trade virtual land and earn crypto or non-fungible tokens (NFTs). Data

Coinbase Acquires Crypto Wallet Firm BRD

US-based crypto exchange Coinbase announced the acquisition of crypto wallet startup BRD, aiming to create more secure and reliable access to the encrypted decentralized world for users. BRD was initially introduced to mobile wallets in 2014 to provide users with a place to store bitcoin, and now there are more than 10 million users using