Foundation in Art and Technology

At the core of Imaginary Ones’ approach is their collection of 8,888 unique animated 3D NFT characters. These characters serve as digital assets and embody themes of love, positivity, and creativity. Moreover, through these characters, they are building a diverse and dynamic Web3 ecosystem beyond traditional gaming experiences.

Expanding a Diverse Web3 Ecosystem

Imaginary Ones is constantly broadening its presence in entertainment, focusing on mobile gaming. Their signature 3D characters, such as the hugely popular Bubble Rangers, are featured in their games, which offer engaging gameplay and stunning artistic elements.

In addition to digital assets and gaming, Imaginary Ones has also ventured into physical merchandise and strategic partnerships with established brands like Samsung and Hugo Boss. These collaborations add a new dimension to the experience, offering new products and exclusive content.

In January, Imaginary Ones announced a partnership with Immutable to develop a series of casual, mobile-first games on the Immutable zkEVM platform. Using Immutable’s zkEVM technology, Imaginary Ones can provide developers and users with custom smart contract support, advanced gameplay mechanics, and gas-free transactions. 

To further enhance their market strategies and engage with their community, Imaginary Ones recently partnered with Animoca Brands, a global leader in blockchain-based entertainment. As such, the partnership seeks to utilize Animoca Brands’ expertise and resources to develop Imaginary Ones’ token economics, design a creative airdrop campaign, and provide guidance on Imaginary Ones’ market entry strategy.

$BUBBLE

As they continue to grow, Imaginary Ones has exciting plans in store, including launching their cryptocurrency, $BUBBLE, and expanding their digital landscape with more immersive experiences.

According to Imaginary Ones, you can receive the $BUBBLE Coin airdrop by holding an NFT from within the Imaginary Ones ecosystem, redeeming an Imaginary Pass, or accumulating Bubble Points and Social Points through participation in social activities and gaming challenges. 

Holders of any of the following four NFT collections will be eligible for the upcoming $BUBBLE coin airdrop:

Imaginary Ones NFT: Owners of these NFTs gain entry into an expansive ecosystem that includes a staking platform, future offerings, and IO tokens, enhancing their engagement within the community.

Imaginary Rides NFT: This collection represents the second instalment within the ecosystem, further expanding the universe for collectors.

HUGO x IO NFT: The HUGO x IO NFT collection, a prestigious collaboration with fashion titan HUGO BOSS, aims to connect individuals with their emotions.

CMTTAT’s Foundation Pieces: This collection comprises 21 exclusive art pieces. Ownership in this collection transcends possession of unique digital art—it fosters a shared identity and connection among a select group of collectors. 

Overall, the project exemplifies Web3’s innovative potential by integrating art, community, and technology into a cohesive ecosystem. 

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Empowering Blockchain Gaming

Blockchain gaming, which utilizes NFTs to tokenize in-game assets, requires robust technical infrastructure to support its increasingly complex and growing player base. As a hub for gaming NFTs, Magic Eden is crucial in connecting game developers with a platform to launch and trade these assets integral to the gaming experience.

Aethir’s technology will provide Magic Eden‘s gaming partners with the necessary GPU resources to support the demanding needs of blockchain gaming projects. This partnership aims to ensure that emerging and existing games have the infrastructure to run smoothly and enhance user experience with reduced latency.

A Unified Gaming Ecosystem

This alliance seeks to address a major challenge in modern gaming: scalability. By incorporating Aethir’s decentralized cloud infrastructure, Aethir’s edge computing technology optimizes the distribution of GPU resources across a global network, reducing physical distances between gamers and cloud resources for low latency and high responsiveness.

Moreover, Aethir’s innovative approach pools idle GPU power from different sources, making high-quality gaming experiences more cost-effective and environmentally sustainable. This method not only supports the intricate needs of current blockchain games but also scales to accommodate the rapid influx of new games and players entering the space.

Daniel Wang, CEO of Aethir, commented on the move, “Aethir’s partnership with Magic Eden is about blockchain gaming scalability and providing NFT gaming studios with the resources to seamlessly integrate millions of new users worldwide. Our GPU infrastructure and Magic Eden’s NFT marketplace combine for the next generation of Web 3.0 gaming.”

As this partnership progresses, Aethir and Magic Eden hope to create new standards of Web3 gaming. The collaboration marks another step towards solving the gaming industry’s technological challenges in the blockchain era. By providing robust GPU support and a versatile NFT platform, the two companies hope to create a more interactive gaming environment that could attract millions of users worldwide.

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As with any valuable asset, security is of the utmost importance, especially in the unpredictable and ever-evolving landscape of cryptocurrency. This is where MPC (multi-party computation) wallets come into play, offering a new level of security for your NFTs and crypto game assets.

What are MPC wallets?

MPC wallets are a type of multi-signature wallet that uses advanced cryptography techniques to distribute private key shares among multiple parties. This means that instead of relying on a single private key to access your digital assets, which can be vulnerable to hacking or theft, MPC wallets use a combination of multiple keys held by different individuals to secure your funds.

How do they work?

MPC wallets use complex mathematical algorithms and protocols to divide an individual’s private key into multiple shares. These shares are then securely distributed among multiple trusted parties, also known as key holders. The key holders can be individuals or entities such as banks, exchanges, or even family members.

To access the funds in an MPC wallet, a predetermined number of key holders must come together and combine their shares to form the complete private key. This process is known as “computation” and requires all key holders to be physically present and authenticate their shares. Once the complete private key is formed, it can be used to sign transactions and access the funds in the wallet.

What are the benefits of using MPC wallets for NFTs and crypto game assets?

Enhanced security

As mentioned, traditional single-key wallets are vulnerable to hacking or theft. However, with MPC wallets, the risk of a single point of failure is significantly reduced. Since no one individual holds the complete private key, it becomes virtually impossible for hackers to gain access to your digital assets.

Moreover, even if one of the key holders’ devices is compromised or stolen, it would not be enough to access the funds in an MPC wallet. This additional layer of security makes MPC wallets an ideal choice for storing valuable assets such as NFTs and crypto game assets.

Increased control and flexibility

MPC wallets offer more control and flexibility to the owner of the digital assets. As the individual holding the complete private key, you have the power to choose who your key holders will be. You can also set specific conditions or rules for when and how the key holders can combine their shares to access the funds. This gives you more control over your assets and adds an extra layer of protection against unauthorized access.

Easy recovery

Losing a private key is every crypto investor’s nightmare, as it can result in permanent loss of funds. However, with MPC wallets, the risk of losing all your digital assets due to a lost or stolen private key is greatly reduced. Since the private key is divided into multiple shares, losing one share would not mean losing access to your funds. You can simply replace the lost key holder and recompute the private key using the remaining shares.

The future of MPC wallets in the world of digital assets

MPC wallets are gaining traction in the cryptocurrency community due to their enhanced security features. As the value and popularity of NFTs and crypto game assets continue to rise, the need for more secure storage options will also increase. This is where MPC wallets have a significant advantage over traditional single-key crypto wallets.

Moreover, as technology advances, we can expect to see even more advanced versions of MPC wallets, offering increased security and flexibility. Some experts believe that in the near future, MPC wallets may even become the standard for securing digital assets, replacing traditional single-key wallets.

Conclusion

MPC wallets offer a new level of security and control for your valuable NFTs and crypto game assets. With their use of advanced cryptography techniques and distribution of private key shares among multiple parties, they provide enhanced protection against hacking and theft. 

As the world of digital assets continues to evolve, MPC wallets will undoubtedly play a crucial role in ensuring the safety and security of our digital wealth. So if you’re looking for a secure storage option for your NFTs and crypto game assets, consider giving MPC wallets a try. 

Featured Image: Depositphotos

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The Potential of Metaverse Technologies

The LSE report highlights how immersive and virtual technologies, along with artificial intelligence, can transform Europe into a global leader in innovation. By leveraging these technologies, users can deeply engage with various environments, from retail and gaming to medical diagnostics and supply chain management.

Europe’s Economic Challenges and Opportunities

Despite being home to some of the world’s most innovative and technologically advanced countries, Europe has seen a decline in its contribution to global GDP. From 25% in 1990, it has dropped to just 14% today. Additionally, the EU is struggling with a significantly lower net inflow of foreign direct investments compared to the US. The report suggests that while Europe has the necessary infrastructure to capitalize on the metaverse, several obstacles need to be addressed.

Strategic Recommendations for Growth

The study recommends creating a pan-European hub for immersive technologies—referred to as the “Airbus of the metaverse.” This initiative, supported by long-term funding, aims to address innovation challenges and encourage the integration and manufacturing of these technologies in Europe. Such a hub would accelerate the deployment of these technologies and help establish standard specifications across the continent.

The LSE report offers policymakers key recommendations to unlock metaverse technologies’ full potential in Europe. These include establishing a European Innovation Network, creating access to skilled talent through specialized degrees and immersive technology education in existing programs, and fostering demand and open innovation through government support in procurement and standardization efforts.

By implementing these strategies, Europe can overcome current barriers and position itself as a global leader in the metaverse. The report outlines a roadmap for integrating these technologies into the European economy and showcases their applications across various sectors. From automotive companies like Porsche to retail giants like IKEA, European organizations are already utilizing the metaverse to enhance their operations.

Joining the Next Digital Revolution

The metaverse has the potential to be a game-changer for Europe’s economy. By leveraging these technologies, Europe could regain its position as an innovation hub and attract much-needed foreign investment. Policymakers must act on the recommendations outlined in the LSE report to create a strong and competitive metaverse industry in Europe. With the right strategies and support, Europe can join the next digital revolution and unlock its full potential for growth and prosperity. 

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What is the TON Foundation?

Before we dive into the details of the airdrop, let’s first understand what the TON Foundation is and its role in the Ton blockchain ecosystem. The TON Foundation is a non-profit organization that aims to promote and develop the Ton blockchain, a fast and scalable multi-blockchain platform for decentralized applications (dApps). The foundation is responsible for managing and allocating the native TON token, as well as supporting projects and individuals who are building on the Ton blockchain.

Airdrop Details

The TON Foundation’s airdrop will distribute 105,600 TON tokens to active NFT traders and holders on popular marketplaces, namely Getgems, xRare, and Ton NFT Diamonds. The snapshot to determine eligible participants was taken on April 23 at 8:00 AM CEST, so any trading activity after that time will not be counted towards the airdrop.

To qualify for the airdrop, participants needed to have been actively trading NFT collections between April 11 (2 PM CEST) and April 23 (8 AM CEST). 

However, the airdrop excluded Sybil wallet addresses, non-wallet addresses, and owners of NFT collections who did not trade on the specified platforms. This ensures that only genuine and active traders and holders are eligible for the rewards.

How to Earn Points and Redeem TON Tokens

Points for the airdrop were awarded based on various factors, including the number of NFT collections traded. For instance, trading between 2 to 4 collections earned a user 1 point, with more points awarded for additional collections traded. Participants could also earn points based on the total number of NFT transactions and the total volume of NFT trading per user.

Once participants have accumulated enough points, they can redeem them for TON tokens, the native token of the Ton blockchain. The exact conversion rate from points to TON tokens has not been disclosed yet but will be announced by the TON Foundation in due time.

Don’t Miss Out 

If you are an active NFT trader or holder on Getgems, xRare, or Ton NFT Diamonds, then don’t miss out on this opportunity to earn TON tokens through the TON Foundation’s airdrop. Remember, the snapshot was taken on April 23 at 8:00 AM CEST, so make sure you have been actively trading NFTs between April 11 and April 23 to qualify.

Stay updated with the latest news from the TON Foundation and the Ton blockchain by following their official social media channels. Happy trading! 

Featured Image: Depositphotos

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What is Earn Alliance? 

Earn Alliance aims to transform game discovery into rewarding experiences igniting gamer passion and driving developer success. According to its website, the platform hosts over 500,000 gamers and aggregates more than 3,500 Web3 game-related social and content feeds. 

Through its network, Earn Alliance has facilitated engagement campaigns for notable games like BigTime and Gods Unchained, which collectively launched over 603,000 NFTs. 

With Earn Alliance, users earn rewards for a variety of activities, including their gaming history, discovering new games, and participating in gameplay challenges.

Challenges

The new Challenges feature integrates with Earn Alliance’s existing framework, making it easier for developers to implement retention strategies. By launching a system that offers challenges tailored to user preferences and abilities, game developers can easily boost user retention and engagement.

Another advantage of the Challenges system is its integration into games. It provides a scalable and adaptable solution that supports curated and developer-designed challenges. This flexibility hopes to ensure that as a game evolves, its engagement strategies can, too, without extensive additional development.

Benefits for Players 

For players, Challenges offer a dynamic way to engage with games by presenting new opportunities to earn rewards, such as Earn Alliance’s $ALLY tokens and various in-game currencies. This enhances the gaming experience and encourages ongoing participation and investment in the gaming community.

Furthermore, Earn Alliance recently launched an airdrop from March 28th to April 4th, distributing up to 150 million tokens, representing 15% of its total supply.  

By offering incentives for trying new games, Earn Alliance aims to help developers attract fans more cost-effectively, reducing the expenses associated with fan acquisition. This platform has become essential for gamers searching for new favourites and for developers looking to build and sustain their communities.

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Magic Eden has established a forward-thinking reputation in the NFT space and is now making moves to expand its services further into the growing Bitcoin ecosystem. The launch of the Runes protocol comes just days after Bitcoin’s fourth halving event, indicating a move to capitalize on the heightened attention surrounding the reduced supply milestone.

Magic Eden’s Runes Experience

In line with Magic Eden’s user-centric approach, the platform has introduced refined buying functionalities with the launch of Runes. Users now have the freedom to customize their purchasing experience, including lot sizes and price points. Additionally, with a swap feature on the horizon, Magic Eden aims to offer a single-click transaction process for its users.

Furthermore, with a strong presence in the Solana-centric market, Magic Eden has extended support to Ethereum and Polygon. The launch of the Bitcoin Runes platform marks another step towards Magic Eden’s vision of creating a comprehensive, multi-chain NFT marketplace.

Introducing Runes Protocol

Runes is a new protocol that enables the creation of fungible tokens within Bitcoin’s architecture. By utilizing the UTXO model and the OP_RETURN opcode, Runes streamlines the token creation and management process. This innovation improves efficiency and enhances the network’s overall utility, potentially attracting a wider audience through the ease of generating community-focused meme coins and other digital assets.

Created by Casey Rodarmor, Runes aim to address the limitations of BRC-20s; the existing Bitcoin token standard is known for generating excessive “junk” UTXOs. These unnecessary UTXOs can lead to network congestion and a suboptimal user experience.

UTXOs are Unspent Transaction Outputs, representing the cryptocurrency portions received but not yet spent by a user. Runes represent a move to streamline the network by clearing this digital waste.

In March 2024, Magic Eden reached a milestone with a record-breaking trading volume of $756.5 million. Now, with the early launch of the Bitcoin Runes platform, Magic Eden continues to make strides in expanding its ecosystem offerings. As the platform aims to become a one-stop shop for all things NFTs, users can expect even more innovative features and services in the future.

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The Machines Arena’s Open Beta

One of the most exciting aspects of the open beta for The Machines Arena is that it will be open to all players, with free play options available. This means anyone can join in on the action and experience the game’s fast-paced gameplay without any restrictions. Whether you’re a seasoned MOBA player or new to the genre, The Machines Arena offers something for everyone.

In The Machines Arena, teamwork is crucial for success. With ten different characters to choose from, each with their own unique powers and class roles (tank, support, assault), players must work together strategically to defeat their opponents. This emphasis on teamwork adds an extra layer of excitement and challenge to the game, making it even more engaging for players.

Available on Browser and Android Devices

Initially available for browser play, The Machines Arena will now also be accessible on Android devices. This expansion allows even more players to join in on the action, no matter where they are. The game can be downloaded via Epic Games or directly from the official website, making it easily accessible for players.

Another feature of The Machines Arena is that player accounts will be synced across both the browser and Android versions. This means players can compete in the same arenas regardless of which platform they are playing on. This seamless integration allows for a more seamless and enjoyable gaming experience for all players.

Gameplay and Airdrop Campaign

The open beta brings with it some exciting new features, including the introduction of mechanical companions called Familiars. These creatures provide different stat boosts during matches and add an extra element to gameplay. To celebrate the open beta, players can claim a free bundle of three Familiars. But that’s not all – players can also purchase Familiars and even mint them into NFTs via the in-game store.

A play-to-airdrop campaign is planned for later in the open beta, offering players a chance to earn rewards tied to leaderboard performance, in-game achievements, and social activities. This adds an extra level of competition and incentive for players to continue playing and striving for success.

The open beta will also feature new skins, maps, and even mintable collectible items. These additions add even more variety and excitement to the game, giving players something to look forward to as they progress through the open beta.

Mint Your Skins on the Ronin Network

For players who earned special skins during previous alphas or betas, they can now mint these on the Ronin network. This feature allows players to turn their in-game items into NFTs and trade them on the Mavis market. It adds a whole new dimension to the game and gives players another way to engage with the community.

The Machines Arena’s open beta is sure to be an exciting and action-packed experience for all players. With its fast-paced gameplay, emphasis on teamwork, and new features like Familiars and NFTs, this game is set to make a splash in the MOBA world. So mark your calendars for April 23rd and get ready to join in on the fun. See you on the battlefield! 

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What Led to the Burning of HV-MTL NFTs?

In a surprising move, Yuga Labs announced that they would be burning 4,295 HV-MTL NFTs. This represents 14% of the total supply of HV-MTL NFTs, reducing the overall supply from 30,000 to 25,705. While this may seem like a drastic move, it was done with the intention of increasing the value of the remaining NFTs in the collection.

With fewer NFTs available, there is a higher demand for them and their value is expected to increase. This is a common strategy used in the world of traditional finance, known as “burning tokens“. By reducing the supply, companies can create scarcity and drive up demand for their assets.

Impact on Bored Ape Yacht Club and HV-MTL Forge

As the creator of BAYC, Yuga Labs holds a significant amount of HV-MTL NFTs. With the burning of these NFTs, the company has shown its commitment to increasing the value and utility of their remaining NFTs. This move has not only affected HV-MTL but also had an impact on BAYC as well.

The floor price of HV-MTL NFTs initially dropped by 16% after the announcement of the acquisition and subsequent burn. However, this was quickly followed by a 31% increase in value to 0.064 ETH after the Yuga Labs-owned NFTs were burned. This shows that there is still high demand for these NFTs and their value is expected to continue rising.

In addition, the burning of these HV-MTL NFTs has also had an impact on HV-MTL Forge, a crafting game that requires ownership of an HV-MTL NFT to fully participate. With the reduction in total supply, these NFTs have become even more exclusive and valuable within the game.

What’s Next for HV-MTL?

Under new management by Faraway, HV-MTL is expected to undergo changes aimed at increasing utility for their primary NFTs. The studio has introduced a new points system that allows players to earn rewards through various activities, promoting interoperability within Faraway’s network.

This move aligns with the overall goal of creating a more dynamic and engaging gaming experience for HV-MTL NFT holders. With the acquisition of Yuga Labs’ gaming IPs, Faraway is set to bring new features and updates to the game, making it even more attractive to players.

Conclusion

The burning of 4,295 HV-MTL NFTs by Yuga Labs is a significant move that will have a lasting impact on both BAYC and HV-MTL Forge. With this decision, we can expect to see an increase in value and demand for remaining HV-MTL NFTs, as well as new developments and enhancements for HV-MTL Forge under Faraway’s management. 

As the world of NFTs continues to evolve, it will be interesting to see how this move shapes the future of both BAYC and HV-MTL. So, if you are a fan or investor of either project, keep an eye out for updates and developments in the coming months.  

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Shifting Away from Traditional Free-to-Play

The prevailing free-to-play model has been under increasing scrutiny due to its high costs for publishers and developers and the pressure it puts on players to make ongoing in-game purchases.

Galactic Co-Founder Mark Meyers, acknowledges these issues, stating, “Involving the community early on and rewarding them for their participation with in-game goods that they actually own benefits publishers, developers and players, by reducing publisher ad spend, providing the feedback developers need and getting the players better games.”

Introducing Play-to-Own Innovations

Galactic’s play-to-own model is powered by blockchain technology, allowing players to truly own and trade their digital assets within the game. This not only provides a sense of ownership for early adopters but also protects them from the risks of the black market and account bans.

CEO and founder Loren Roosendaal emphasizes the importance of this shift, stating in the announcement, “It deserves to be said that we believe the current free-to-play model is broken. It’s crazy to think that players are spending over $100 billion dollars and 100’s of hours of their spare time each year, gathering in-game items they don’t actually own.”

Looking Towards the Future

Planet Quest marks the beginning of the new era in gaming they want to create, where community participation and ownership are at the forefront of Web3 gaming. With over 250,000 fans involved in co-creating the game’s storyline and lore, Galactic is paving the way for more interactive and immersive gaming experiences.

PlanetQuest also aims to build a cinematic multiverse from scratch, featuring a diverse array of products, including a video game, a decentralized storyline, a book, and a graphic novel.

In the announcement, Chief Creative Officer Jon McCoy, adds, “Naturally no first attempt at something new is perfect, but it’s been amazing getting to create a sci-fi universe with the fans in a way that’s never been attempted before. I’ve gotten to fulfill a lot of my childhood dreams, working on Star Wars, Blade Runner and Marvel movies to name a few, but there’s little that compares to being able to interact and build with the fans from day one.”

With the launch of their first franchise, PlanetQuest, and a major airdrop campaign that lets fans start collecting in-game currency, Galactic is gearing up for a busy year filled with new releases across various media. Moreover, this could be just the start, as they have recently acquired the rights to develop a play-to-own gaming universe based on an undisclosed billion-dollar Hollywood movie franchise, according to the announcement.

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