TSM halts $210 million sponsorship agreement with FTX
Esports organization Team SoloMid (TSM) has suspended its $210 million sponsorship deal with the defunct FTX crypto exchange Following the shocking collapse of the cryptocurrency trading platform last week, professional esports organization Team SoloMid (TSM) (formerly TSM FTX) has suspended its $210 million sponsorship agreement with the defunct FTX crypto exchange “effective immediately.” The news […]
Bahamian liquidators disregard FTX US bankruptcy filing
According to the interim liquidator in charge of FTX Digital Markets’ bankruptcy proceedings, FTX was not permitted to declare bankruptcy in the United States without his consent. FTX Trading and 134 additional affiliates filed for Chapter 11 bankruptcy on November 14 in a Delaware court, but provisional liquidator Brian Simms, who was appointed by the […]
Reports claims BlockFi is preparing for potential bankruptcy
According to Wall Street Journal articles, BlockFi is getting ready for possible bankruptcy following the failure of FTX. BlockFi, a cryptocurrency lending business, was similarly impacted by FTX’s decline. BlockFi stopped the withdrawals on their platform in the midst of the commotion. On November 11, the users of the New Jersey-based exchange were warned that […]
Yuga Labs purchases 10KTF, signals at metaverse integration
Yuga Labs has acquired Beeple’s 10KTF game. Beeple will be employed as a consultant for the company after the acquisition is complete. Bored Ape Yacht Club (BAYC) developer Yuga Labs has purchased 10KTF , the NFT game created by digital artist Michael Winkelmann (better known as Beeple). In the browser-based NFT game 10KTF, users can […]
Sony patents expose PlayStation’s NFT and blockchain research
Sony Interactive Entertainment has been actively investigating the usage of NFTs and blockchain technology in games, according to a recently issued patent. The Sony patent, obtained through Gamesual, is titled “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger” and was first submitted last year. It discusses a system that might be used […]