BLOCKCHAIN
Blockchains incorporate several important features such as immutability, encryption and distributed storage, which combined makes secure peer-to-peer transactions possible and in turn has created the means to end human dependence on credit and thus credit intermediaries. Due to these features, blockchain has been referred to as ‘the Trust Machine’ and is forecasted to transfer the trust from agencies and institutions which are enforced by law to machine-based networks guaranteed by technology and mathematics.
Big Time Studios announces OPEN LOOT Platform & Gaming Fund
Following the success of launching the flagship title ‘Big Time’ into Early Access and generating NFT sales in excess of 100 million dollars, BIG TIME Studios Ltd. (BTS) announced the OPEN LOOT (OL) Platform. OL enables developers to launch web3 games and distribute their NFTs through the OPEN LOOT Marketplace. Its Vault technology enables an extremely easy-to-use experience for receiving and managing blockchain-based digital assets, allowing players to trade and sell to one another in a very natural way.
StarCard Sports Games Launches “Legends” Initiative for New World Football Alliance; Partners with Ashley Cole and Roberto Carlos
StarCard Sports Games (SCSG), the creator of New World Football Alliance, a play-to-earn football (soccer) video game marrying blockchain with social impact and environmental initiatives, announced today the launch of their Legends platform. This is a series of real-world and in-game partnerships between SCSG and some of the most iconic names in football history, including Ashley Cole and Roberto Carlos. These partnerships will be reflected in StarCard Sports Games’ new title, “New World Football Alliance,” as well as through the creation of NFTs and the curation of real-world events around the globe.
Core Scientific Signs Hosting Deal to Add 75 MW to ASIC Server Capacity
US-based crypto mining company Core Scientific has signed a colocation agreement to secure at least 75 megawatts of energy capacity for its data centres.
Abacus Life Partners With Blockcerts to Introduce Blockchain-Powered Insurance
Abacus Life Settlements, a buyer of life insurance policies in the US, has teamed up with BlockCerts to introduce blockchain-enabled insurance and longevity-related assets.
Launch House Announces $10M Fund for Web3.0 Startups
Launch House, a private community focused on connecting and supporting top entrepreneurs, launched its first fund, House Capital, with a $10 million commitment to invest in early-stage firms within the community and high-growth startups outside.
Wharton Business School Launches Online Metaverse Course, Accepting Payment in Crypto
The Wharton School of the University of Pennsylvania has announced the launch of a six-week online course on "Business in the Metaverse Economy."
X.LA’s Alex Barkaloff Reveals Vision to Bring Billions to Web3
Alex Barkaloff, a founding member of X.LA Foundation, has shared his vision for onboarding billions to web3. At the recent CogX festival for CEOs, technology leaders, entrepreneurs, and investors, Barkaloff proposed how web3 must evolve to meet the needs of internet users the world over. He also detailed the role X.LA Foundation will play in allowing content creators to leverage their IP so that they can profitably participate in the metaverse economy which will be enmeshed in this new internet standard.
Crypto Mining Firm EZ Blockchain Launches Low-Emission Custody Hosting Service
Crypto miner EZ Blockchain will be promoting its low-emission custody all-inclusive hosting service at the Mining Disrupt conference in Miami, July 26-28.
Titanium Blockchain's CEO Pleas Guilty of ICO Fraud worth $21m
Michael Alan Stollery, CEO of Titanium Blockchain Infrastructure Services Inc. (TBIS), has been convicted of involving multiple fraudulent accounts in a 2018 initial coin offering (ICO).
Tesla Earns $64m Profits from Selling 75% of BTC Holdings
Electric car manufacturer Tesla (TSLA) announced it earned $64 million profit from the sale of 75% of its BTC holdings, despite a $170 million impairment loss in Q2 this year.