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Axie Infinity is a decentralized game and digital collectibles platform built on the Ethereum Blockchain. It allows players to breed, buy, sell, and train Axie creatures. The game revolves around trading and collecting digital creatures called Axies. Each creature has unique attributes such as size, color, markings, and more. These attributes
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The United States Treasury Department Office of Foreign Assets Control (OFAC) announced Friday that it was sanctioning cryptocurrency mixer Blender.io for its role in laundering proceeds from the hacking of Axie Infinity's Ronin Bridge. North Korean state-sponsored hackers Lazarus Group have been identified as the perpetrators of the attack. Treasury Under
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The funds were spread over 86 accounts, Binance’s founder confirmed. Source
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Card-based crypto games, where players primarily collect and battle with NFT cards, gained widespread exposure from Axie Infinity, one the largest and most successful GameFi projects to date, with a top market cap of $10.2 billion on November 7, 2021.Compared to other GameFi genres, like virtual-world metaverses (The Sandbox, Decentraland)
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In late March, Ronin, an Ethereum sidechain built for the popular play-to-earn nonfungible token game Axie Infinity, was hacked for over 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) for a combined value of over $600 million. The breach on the Ronin bridge was confirmed by Sky Mavis, the developers
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There are about 1.5 million players of the original Axie Infinity game, released two years ago. Axie Origin, a new game on the network, incorporated 300,000 testers, or unique players, on Thursday, giving them early access, Larsen said. The players came in without any token incentives or any way to
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It’s part of why, according to a report from the research firm Naavik, the majority of Filipino Axie players are still making below the country’s average minimum wage. Stephen Diehl, a prominent crypto critic, likened it to “digital serfdom,” though I think that may be slightly misstating it. It’s more
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The last week of March saw the decentralized finance (DeFi) market surge to new highs as institutional investors returned to the market. Amid the rising popularity of DeFi products, Axie Inifity’s Ronin bridge faced the worst hack in crypto history, raising security concerns for the market.MetaMask integrated Apple Pay support,
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The new “Axie Infinity: Origin” was originally supposed to debut on March 30. Original Source
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The company behind the popular play-to-earn game made the promise after a $625 million hack. Original Source
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