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Fox Renews Dan Harmon Krapopolis for Third Season Amid NFT Tie-Up

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Fox has announced that it has renewed Dan Harmon’s animated comedy series, Krapopolis, for a third season, despite the first season not even airing yet. The show is produced by Fox Corp’s NFT firm, Blockchain Creative Labs, and features NFTs called “Krap Chickens.” These NFTs depict cartoon chicken avatars in the same art style as the show and offer holders exclusive access to experiences, content, rewards, and voting rights on certain aspects of the show. Fox’s president of scripted programming, Michael Thorn, expressed his faith in Harmon and his work, saying, “We’re so bullish about the work that we want to support and its ability to find an audience and succeed. While [a third season order] is atypical, it was a no-brainer for us with Krapopolis.” The show is set in ancient Greece and follows a “flawed family of humans, gods and monsters that try to run one of the world’s first cities without killing each other.” The cast includes Richard Ayode, Matt Berry, Pam Murphy, Duncan Trussell, and Hannah Waddingham.

In other NFT-related news, Baobab Studios sold out its first collection of 8,888 NFTs just nine hours after launch. The collection is called “Momoguro” and is tied to an upcoming role-playing game on layer 2 Ethereum scaling solution, ImmutableX. The game has breeding elements and quests in a world named “Uno Plane,” with NFTs being a key part of the gaming experience. According to data from CryptoSlam, the NFTs have generated $8.1 million worth of secondary sales to date, with $7.6 million coming on the day of launch.

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Flare, a Layer 1 Ethereum Virtual Machine blockchain, welcomed its first NFT platform after Sparkles went live. The platform is set to hone in on the interoperability of native Flare protocols to increase use cases for NFT utility.

Additionally, Square Enix’s NFT-friendly CEO, Yosuke Matsuda, is stepping down after nearly 10 years at the helm. The move won’t be finalized until an annual shareholders meeting in May, but Takashi Kiryu has been named as his successor. While Web3 and NFTs weren’t explicitly mentioned in the notification from Square Enix, the firm did indicate that it is still looking to push on with new tech integrations, suggesting its blockchain-related plans may remain unhindered. Matsuda had previously taken a bullish position on Web3 gaming and emphasized Square Enix’s devotion to “aggressive investment and business development efforts” in the space in 2022 and beyond.

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Finally, Magic Eden has launched a “Mint Madness” campaign that offers free access or “free mints” to 13 Web3 games in March. The campaign went live on March 3 and is spread across Polygon, Ethereum, and Solana, with nine, three, and one games on each platform, respectively. Magic Eden is also offering a 20,000 Polygon (MATIC) prize pool worth roughly $23,200. The prizes will go to the top 10 traders of the NFTs related to nine of the new games based on Polygon, with the top prize fetching 4,500 MATIC ($5,220). The full list of available games during the promotion includes Planet Mojo, Meta Star Strikers, Alaska Gold Rush, Shrapnel, Petobots, Blast Royale, Rogue Nation, Tearing Spaces, Freckle Trivia, Realm Hunter, Legendary: Heroes Unchained, Shrapnel, and Papu Superstars.

The NFT market continues to grow and expand, with more companies and industries embracing the technology. From animated comedy series to role-playing games, NFTs are being used to provide exclusive access and rewards to holders. Fox’s renewal of Krapopolis for a third season before the first season even airs is a testament to the potential success of NFT tie-ins with media and entertainment. Baobab Studios’ successful sale of its Momoguro NFT collection further highlights the growing interest in NFTs in the gaming industry. With the launch of the Mint Madness campaign by Magic Eden, NFT holders can now get access to a range of Web3 games and potentially win prizes. As the NFT market continues to mature, we can expect to see more creative and innovative use cases for the technology.

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Taiwan FSC to regulate crypto

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According to the president of the authority, the Financial Supervisory Commission of Taiwan (FSC) will take over as the principal regulator of cryptocurrencies throughout the island nation.

According to the local United Daily News, the head of the Financial Supervisory Commission (FSC), Huang Tien-mu, made the announcement that the regulator would acquire supervisory responsibility over the cryptocurrency market in Taiwan.

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On March 20, Huang gave a speech about the regulation of cryptocurrencies in the Republic of China before the Legislative Yuan in Taiwan (ROC). He said that the new crypto regulatory framework that will be implemented by the FSC would contain key laws and policies, such as the partitioning of consumer assets from corporate money and the implementation of investor protection procedures.

According to the source, the nation’s top administrative authority, known as the Executive Yuan, has given the Financial Supervisory Commission (FSC) the mandate to monitor payments and transactions in the cryptocurrency market at this time. Huang emphasized that other industry-related assets, such as nonfungible tokens (NFTs), may not come under the regulation of the Financial Stability Commission.

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Huang also said that the Financial Supervisory Commission (FSC) will first focus a lot of emphasis on the concepts of self-regulation in the cryptocurrency market in Taiwan. The official continued by saying that the authority will act in accordance with the directives provided by the Executive Yuan.

According to a report that was published by Taiwan’s Central News Agency, Taiwanese legislators anticipate developing and approving an appropriate crypto legal framework by the end of March or at the earliest by the month of April. According to reports, the goal of the present preliminary plan is to place the oversight of the regulation of NFTs within the authority of the Ministry of Digital Affairs.

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The announcement comes at a time when Taiwan is experiencing persistent tensions with China. The Chinese government views Taiwan as a renegade province, and it has pledged to bring Taiwan under its rule. China, which has emerged as a significant anti-crypto nation, will implement a total ban on crypto in 2021, in contrast to other jurisdictions in the Asia-Pacific area, such as Hong Kong or Singapore, which are crypto-friendly.



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Australian Bankers Association cost of living probe shows bank pressure

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The Australian Banking Association (ABA), which is the trade association for the Australian banking industry, has initiated a cost of living inquiry in order to investigate the impact that the COVID-19 pandemic, global supply chain constraints, geopolitical tensions, and other factors have had on the people of Australia. The purpose of this investigation is to determine how these and other factors have affected the cost of living in Australia. The primary purpose of this inquiry is to determine the degree to which these and other factors, in addition to Australia’s already high cost of living, have contributed to that level of expense.

The recent analysis of the rising inflation and concurrent collapse of three major traditional banks — Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank — proved that more than 186 banks in the United States are at risk of a similar shutdown if depositors decide to withdraw all of their funds. These banks were Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank. Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank were the names of these financial institutions. These particular banking establishments went under the names Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank respectively. These specific financial institutions were known by the names Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank, respectively, at one point in time. At one point in time, these particular financial institutions were known by the names Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank, respectively. The Australian Bar Association (ABA) is currently in the process of conducting an investigation with the intention of determining both the response of the fiscal policies of the Australian government as well as the means by which the cost of living in Australia may be lowered. The goal of the investigation is to determine both the response of the fiscal policies of the Australian government as well as the means by which the cost of living in Australia may be lowered. Both the reaction of the Australian government’s fiscal policies and the ways by which the cost of living in Australia may be lowered are the foci of the inquiry, the objective of which is to discover which of these may be determined. The aim of the study is to determine both of these things at the same time as part of its objective.



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US Banking Crisis Fuels Regulation Debate

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In recent years, the banking industry in the United States has been confronted with a number of issues, including the failure of large banks and the necessity of involvement by the federal government to avert an economic meltdown. These problems have made it necessary for the federal government to get involved. As a result of these events, discussions on the most effective ways to shield the economy and fend off any potential crises in the future have been reignited.

One of the most prominent economists in the world, Peter Schiff, is one of the primary voices in this debate. He maintains that there is a possibility that the present economic crisis may become much more severe if the regulations that are put on banks are made more stringent. Schiff makes reference to the global financial crisis that took place in 2008, which was in large part precipitated by the collapse of the housing market. Schiff, on the other hand, contends that “too much government regulation” was the primary factor that led to the disaster.

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The opinion that Schiff is advocating, on the other hand, is not shared by everyone. After conducting a more in-depth investigation of Silicon Valley Bank (SVB) recently, a group of economists came to the conclusion that approximately 190 banks across the United States are in danger of failing as a result of the actions of their depositors. This was the finding that led to this conclusion. They argue that the monetary policies that are written down by central banks might be harmful to long-term assets such as mortgages and government bonds, which would result in losses for financial institutions if they were to invest in these types of assets.

This word of warning calls attention to the problems that the banking industry in the United States is now facing and the need of giving careful consideration to the impact that changes in regulatory and monetary policies will have. As the economy continues to shift and new problems emerge, policymakers will need to work together to devise solutions that will satisfy the concerns of a wide variety of interested parties while also protecting the financial well-being of the banking industry and the economy as a whole.



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