Cointelegraph

The Immediate and Future Functionalities of Studyum

The crypto markets and the U.S. equity markets sold off today on fears that the collapse of Chinese property giant Evergrande could not only hurt China but also have wider implications in other markets. When the sentiment is bearish, traders dump positions that they perceive as risky in favor of safe-haven trades. This could be one of the reasons for the sharp fall in Bitcoin (BTC) and most major altcoins today. Daily cryptocurrency market performance. Source: Coin360 Data from Bybt shows that Bitcoin held in Binance wallets has surged by

FTX becomes official crypto sponsor of MLB

Crypto derivatives exchange FTX has become an official sponsor of Major League Baseball, setting the stage for broader mainstream recognition of digital assets. As part of the sponsorship deal, which is expected to last for at least five years, every Major League umpire will receive an FTX patch on their uniform, FTX founder and CEO Sam Bankman-Fried tweeted Wednesday. Over time, the agreement is expected to evolve to include collaboration on the design of world-leading brands.“It's not the only partnership we were considering, but the enthusiasm and creativity of the MLB

French Football Federation launches official player NFTs with Sorare

With the Euro 2020 championship in progress, blockchain-based fantasy soccer game Sorare has announced the licensing agreement for a national sports association to issue nonfungible tokens of its players.In an announcement today, Sorare said the France Football Federation, or FFF, had launched its own line of player nonfungible tokens, or NFTs, prior to the team’s match against Germany on Tuesday. The French National Team — often called “The Blues” for the color of their shirts — is currently competing in the 2020 Union of European Football Associations European Football Championship.

FTX crypto exchange seals $210M naming rights deal for esports behemoth TSM

FTX and global esports brand Team SoloMid, oTSM, have signed a multi-year partnership that grants exclusive naming rights to the crypto trading platform.According to a release issued on Friday, the deal is valued at $210 million with the esports brand’s name changing to “TSM FTX.”As part of the deal, TSM FTX will distribute crypto to players and employees with the newly repurposed esports company also purchasing $1 million worth of FTT — the native token of the FTX cryptocurrency exchange.Trading slightly above $34 as of the time of writing, a

Community members integrate play-to-earn features into Dark Forest game

Players of the decentralized real-time strategy game, Dark Forest, have introduced new and innovative ways of earning cryptocurrency within the virtual ecosystem.The play-to-earn plugin “Broadcast Market” was integrated into the game on May 31, according to a tweet by programmer Blaine Bublitz. The developer noted that Broadcast Market is the first plug-in featuring its own smart contract that directly communicates to Dark Forest.This is the first plugin that has its own smart contract that talks directly to Dark Forest. It allows you to broadcast a planet to receive a reward

NFT whale Flying Falcon sponsors 50 Axie Infinity gamers

NFT gamers can now receive a scholarship through a new program that has been backed by some of the industry’s biggest investors.Pseudonymous digital landowner and crypto whale, “Flying Falcon,” has been the first to contribute to the “Sponsor-A-Scholar” program set up by open gaming community, Yield Guild Games, or YGG. Flying Falcon will back 50 Axie Infinity players through the program.Sponsors can donate the game’s native token, Small Love Potion (SLP), for YGG players to use for breeding Axies — collectible fantasy creatures that inhabit the game’s crypto-Tamagotchi ecosystem.Revenues are

$400M gaming VC fund Bitkraft teams up with Delphi on blockchain gaming

Gaming-focused venture capital fund Bitkraft Ventures has partnered with crypto industry research firm Delphi Digital in order to invest in related projects.The collaboration, announced on April 29, will allow Bitkraft to increase its focus on investments in firms that use blockchain technology in addition to crypto assets and economics.Bitkraft was founded in 2015 and has more than $400 million in assets under management with more than 50 investments in companies such as Epic Games, BitFry, and Fuze TV. In August 2020, the company raised $165 million to invest in digital

Legends of Crypto (LOCGame) AMA Session With BeInCrypto

BeInCrypto held an AMA with Legends of Crypto (LOCGame) on our public Telegram channel on April 26. LOCGame is an ambitious NFT project wrapped in a collectible and trading card game. The MATIC network powers the game core, the underlying DeFi economy, and its DAO governance model. (This AMA has been edited for clarity.) BeInCrypto: Welcome to our BeInCrypto AMA! Today we welcome Mik Mironov (@mikmiro), CEO of LOCGame. Thanks to everyone for being here! Could you please say hi for us to check if everything is ok with your

Chiliz (CHZ) rallies 60% to a $1B market cap as fan token offerings expand

Nonfungible tokens (NFTs) and decentralized finance (DeFi) are two of the hottest concepts in the crypto sector, and each is altering the way projects and companies interact with the public on a wide scale. One project that is looking to apply these concepts into a framework for sports fan engagement is Chiliz, a blockchain platform created by the Socios fan engagement platform. The project is designed to allow fans to purchase branded Fan Tokens that let them influence their teams through the popular vote. According to the project website, all Fan

Decentralized esports tournament series looks to bring traditional gamers to crypto

Non-fungible token-focused investment firm Polyient Games is launching a new online tournament to introduce mainstream gamers to the crypto space.In an announcement today, Polyient Games said it would be partnering with esports tournament platform Community Gaming for a $100,000 series featuring games using non-fungible tokens, or NFTs. The esports games will reportedly “function as a method of introducing mainstream gamers to the world of cryptocurrency and blockchain assets” by allowing players to acquire digital collectibles and use NFTs as in-game items."The marriage between decentralized technology and gaming will be one