In a surprising turn of events, Sega, an ardent proponent of GameFi and blockchain gaming has declared its restraint from the sector. Allegedly, this significant pause originated from the intention to avoid content devaluation and is extending to the halting of plans to develop in-house blockchain-based games. The studio’s co-Chief Operating Officer, Shuji Utsumi, further piqued the curiosity of the gaming community by remaining evasive concerning the application of Web3 technology, thus fuelling the prevailing uncertainty about the future of this technology in the industry.
The arena of exchanges also witnessed some noteworthy incidents. Bitfinex, making significant strides, announced it had retrieved additional stolen assets from the 2016 hack, comprising $312,219.71 in cash and 6.917 BCH from the United States Department of Homeland Security (DHS). Nevertheless, with 30 million RRTs currently in circulation, the recovered amount falls short to redeem all RRT tokens.
Besides, the announcement of a halt in all activities related to the BarnBridge DAO project came as a jolt. The imposed pause comes in the wake of a claimed investigation by the US Securities and Exchange Commission (SEC) into BarnBridge DAO and its associated individuals. Consequently, no new liquidity pools can be established, and individuals can no longer receive compensation for any work on related products until further direction.
In a bid to foster global inclusivity and cost-efficiency, Bitcoin’s Lightning Network development company, Lightning Labs launched a proficient set of tools for AI and Lightning developers. These innovations facilitate enhanced functionalities while working with AI agents by adding external data.
The regulatory landscape too, wasn’t devoid of noteworthy events. The Association for Financial Markets in Europe (AFME) pleaded for the inclusion of DeFi in the Markets in Crypto Assets (MiCA) regulatory framework to prevent regulatory arbitrage. Meanwhile, Canada’s chief financial authority, the Canadian Securities Administrators (CSA), issued guidance to aid fund managers in law compliance for investment funds with crypto assets.
The burgeoning NFT market received a fascinating update when the Cardano Foundation collaborated with the US-based sports brand Epoch Sports and the full-stack apparel ecosystem Merchadise. A Limited Edition Commemorative Jersey authenticated on the Cardano blockchain, possessing an NFC patch with a digital non-fungible token version of the jersey, was launched.
Finally, an exciting alliance commenced between Cronos Labs and Protocol Labs, embarking on supporting the development of innovative Web3 applications within the Cronos ecosystem.
Source: Cryptonews
