Virtual real estate sells for record $2.4m in Decentraland metaverse

Metaverse

A piece of virtual real estate from the online world Decentraland has sold for $2.4 million (£1.8m) worth of cryptocurrency.

That’s right. For the sceptics still denouncing the perceived stupidity of NFTs, the emergence of the metaverse as a world of virtual ownership will have such individuals pulling their hair out.

Decentraland is an online virtual world where players can purchase land, explore, create, sell assets, and interact with others.

This sale of...

Reddit co-founder sets up $100m investment initiative with Solana

Social Media

Reddit co-founder Alexis Ohanian’s venture firm has teamed up with the Solana blockchain’s venture arm for a $100 million (£74m) investment initiative into decentralised social projects.

Seven Seven Six, Ohanian’s firm, will pay for half of the initiative with Solana coughing up the remaining $50 million.

Ohanian gave his thoughts on Solana at a conference in Lisbon on November 9: "With a high-performance blockchain like Solana, there is an unprecedented...

Epic Games is “open” to blockchain games according to CEO

Epic Games' Fortnite

Video game publisher Epic Games has said it is “open” to games that feature blockchain technology or support cryptocurrency payments.

The company’s position follows Steam, its main competitor, announcing it would not be allowing games that use cryptocurrency or NFTs on its platform.

Whilst Epic’s CEO Tim Sweeney has said the company will not be supporting or publishing NFT-based games, it has differentiated itself from Steam in showing support for...

The Sims creator’s new game to harness blockchain and NFTs

Video Gaming

Video game designer Will Wright, creator of The Sims and Spore, is working on a new game that will incorporate AI, blockchain, and non-fungible tokens (NFTs).

The new game, Proxi, is aimed at self-discovery. It will allow users to create and visualise memories within snow globes which collectively form a conceptual map of the player’s mind.

Wright said he believes that people are their memories and that tackling that in a game is a somewhat frightening...

Xbox to use blockchain for gaming royalties with Microsoft and EY collaboration

Ernst & Young (EY) and Microsoft have announced the expansion of Microsoft's blockchain-based solution for gaming right and royalties management - to help Xbox gaming partners and content creators.

The expansion looks to accelerate contract digitalisation by creating contracts faster using AI based on Microsoft Azure, as well as seamlessly generate and integrate statements and invoices with ERP (enterprise resource planning) applications. Accounting entries will be generated...

Forte partners with five game developers to boost operations

Forte, a California-based blockchain platform developer for games and Ripple partner, is teaming up with five game developing companies to provide best-in-class gaming experiences based on the distributed ledger technology.

The five companies are US-based Hi-Rez Studios and nWay, Canadian social games provider Magmic, and German gaming companies DECA Games and Netmarble, that will follow their previously joined collaborators Disruptor Beam, Other Ocean and...

AMD joins the Blockchain Game Alliance to help foster adoption in video games

amd blockchain game alliance video games

AMD has announced that it has joined the Blockchain Game Alliance and will supply the CPU and GPU chips needed to help game developers efficiently use blockchain-based features.

Blockchain is known for boosting today's virtual currencies by acting as a digital ledger to record every transaction. The same concept could also be applied in the gaming world in that blockchain can keep a track of all the virtual items that are purchased in a game. 

One of the most...