Immutable, a prominent Australian crypto gaming firm, recently announced it has laid off 11% of its workforce in order to preserve its financial reserves for the indefinite future. Having already laid off staff in July 2022, Immutable is now doing so again. The layoffs were disclosed in a memo emailed
The technology firm Tencent has announced that its subsidiary, Tencent Cloud, would be actively supporting Web3 innovations and contributing to the long-term growth of the worldwide Web3 community. To strengthen the Web3 ecosystem, the cloud provider has formed partnerships with crypto platforms including Ankr, Avalanche, Scroll, and Sui. According to
0N1 Force, a top-tier NFT collection with an emphasis on comics, has been acquired by a group of seasoned crypto industry professionals. The group, led by blockchain investment company Old Fashioned Research (OFR), paid an unknown sum to purchase the top NFT collection. The founders of 0N1 Force have departed
The “VeWorld” native self-custody wallet for VeChain, an enterprise-focused blockchain platform, has been released. The VeChain Foundation has a lot of exciting things planned for this year. Including the introduction of a wallet that will provide users with a broad variety of advantages. A tweet from the Foundation’s account today
With the recent release of RIF Flyover, it is now possible to move Bitcoin quickly and securely from the Rootstock sidechain to the main Bitcoin blockchain in only a few minutes as opposed to taking hours. The “Repayment Protocol” known as RIF Flyover is distinctive in its architecture. The procedure
Composable Finance’s current CEO has strongly denied claims of legal wrongdoing made by the company’s former CTO, Karel Kubat. Kubat tweeted about his resignation from the company on February 20. Along with a litany of charges against the business and its CEO. In addition, Kubat said that he was retiring
To increase scalability and dependability, Helium Network, a communications protocol, has planned a transfer to the Solana blockchain and the implementation of oracles on March 27. The blog article from February 17 states that the switch will occur on March 27. And take place over the course of 24 hours,
Stablegains, a yield platform for decentralized finance, has been sued in a California court for allegedly deceiving investors and breaking securities laws. Alec and Artin Ohanian, the plaintiffs in the federal lawsuit filed on February 18 in the Central District of California, claim that without their permission or knowledge, the
The Solana mobile Saga was unveiled last year, but the crypto world has been patiently waiting to try it out. Earlier in 2023, Solana Mobile, a subsidiary of Solana Labs, stated that the Saga mobile, powered by Web3 features, will be made available. The Saga may be pre-ordered right now.
A Web3 Incubation Program will be co-hosted by Sony Network Communications, Inc., an operational firm of the Sony Group, and Astar Network, the multichain smart contract platform. Together, Sony Network Communications and Astar Network will support Web3 initiatives that highlight the practical applications of NFTs and DAOs. From mid-March through
