Blockchain Gaming

Degen Chain User Loses 90% of Funds in Bridge Transfer Mishap

Wednesday. July 17 at 12:00 PM

1 min. read

A user of the layer-3 blockchain, Degen Chain, experienced a significant loss of 90% of their funds amounting to 785,000 DEGEN tokens, nearly $5,000, during a bridge transfer to Base, an Ethereum layer-2 protocol. The incident was attributed to an internal bug within Degen Chain. Despite acknowledging some responsibility for not proactively addressing the issue with service providers, the protocol plans to compensate affected users. However, community members expressed concerns over the risks associated with bridge transfers in layer-3 ecosystems like Degen Chain, indicating that they may not be prepared for widespread adoption. In a related development, Optimism, an Ethereum layer-2 scaling solution provider, announced intentions to incorporate layer-3 applications into the OP Stack, a move aimed at expanding the capabilities of the ecosystem beyond L2 chains and application developers.

More news 🗞️

Xsolla Introduces Xsolla ZK and Digital Backpack on Blockchain

Wednesday. October 30 at 9:30 PM

Xsolla, a leading video game commerce company, is set to launch Xsolla ZK, a new platform powered by ZKsync technology, to revolutionize the gaming industry. Xsolla ZK will offer a digital backpack for virtual items on the blockchain, catering to game developers and creators. This initiative is part of the Elastic Chain ecosystem, enhancing Web3 technologies for gaming. With over two decades of experience and a track record of success in monetizing games, Xsolla aims to provide scalable solutions for developers. The collaboration with ZKsync will combine expertise in in-game commerce with cutting-edge blockchain technology. The project has garnered praise from industry experts like Rich Kim, highlighting the importance of bridging the gap for users and builders in the gaming community. Xsolla's mission is to simplify global distribution, marketing, and monetization for game developers, fostering relationships with gamers worldwide.

Blockchain Gaming

Revolutionizing Gaming with Samurai Shodown R on SuiPlay0x1

Wednesday. October 30 at 7:00 PM

SNK's iconic Samurai Shodown franchise is making a genre-defying comeback with Samurai Shodown R, set to launch on the SuiPlay0x1 gaming device in 2025. Developed by LumiWave on the Sui blockchain, this MMORPG version of the classic fighting game allows players to trade in-game assets in a decentralized environment using NFTs. By leveraging the Sui layer-1 blockchain, the game eliminates gas fees and simplifies wallet management for a seamless gaming experience. The SuiPlay0x1 handheld console, equipped with high-end specs, promises to deliver an enhanced gaming experience for players. With pre-orders already available, the device aims to compete with Valve's Steam Deck. This strategic move exemplifies the potential of Web3 gaming to provide immersive experiences while removing traditional barriers. Stay tuned for the launch of Samurai Shodown R on SuiPlay0x1, a game-changer in the gaming industry.

Blockchain Gaming

Nillion Network Secures $25M in Funding for Decentralized Privacy Platform

Wednesday. October 30 at 4:00 PM

The Nillion network has recently raised $25 million in a new funding round to support its decentralized privacy platform, which includes an optional blockchain feature. This funding round, led by Hack VC on Oct. 30, marks the network's second fundraising effort this year. Other investors include Distributed Global, Hashkey, Ansem, Arthur Hayes, Meltem Demirors, and industry leaders from Worldcoin, Injective, and Sei. With a total of over $50 million raised, Nillion boasts the world's first Blind Computer and a diverse ecosystem of over 40 builders on Cosmos. Clients utilize Nillion for private data storage, quantum secure messaging, encrypted trading platforms, and more. Nillion's CEO, Alex Page, revealed that their technology can function without a blockchain and offers products like the Nil Message Compute and Nada AI developer toolkit. The company has also graduated from Beacon's Web3 accelerator and integrated with the Aptos network in August 2024.

Blockchain Gaming

Unlocking Business Potential with Blockchain Technology

Wednesday. October 30 at 5:00 AM

Blockchain technology, initially associated with cryptocurrencies like Bitcoin and Ethereum, has transcended its origins to offer diverse business opportunities beyond just payments. Its decentralized, transparent, and secure nature is revolutionizing industries such as supply chain management, healthcare, and digital identity verification. Entrepreneurs can capitalize on blockchain's potential by developing innovative solutions tailored to specific sectors. Visibility is key in the digital realm, especially for crypto businesses striving to stand out in a competitive landscape. Bitcoin SEO plays a crucial role in enhancing visibility and attracting the right audience. Blockchain's applications extend to supply chain transparency, cloud storage security, decentralized marketplaces, real estate tokenization, DAO governance, music distribution, and blockchain-based gaming. Embracing blockchain technology and investing in effective SEO strategies can propel businesses towards success in a rapidly evolving market. By understanding and leveraging blockchain's capabilities, businesses can navigate regulatory challenges and technical limitations to thrive in the digital era.

Blockchain Gaming