Axie Infinity developer Sky Mavis has unveiled a new MMO game, Atia’s Legacy, set in the Axie universe, with a trailer released on March 6. The game promises enhanced features like 3D combat and mini-games, while a referral program rewards players with Axie Infinity tokens for bringing in new users. Play-tests are expected in 2025, as the company leverages its seven years of experience in Web3 gaming.
about Axie Infinity Unveils Atia's Legacy Amid Positive NFT Market DevelopmentsYuga Labs
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Yuga Labs SEC Investigation Dropped and NFT Developments This Week
The SEC has concluded its investigation into Yuga Labs, marking a significant win for the NFT sector, as the company asserts that NFTs are not securities. Meanwhile, a company owned by Donald Trump has filed trademarks for a metaverse and NFT marketplace, while DraftKings has agreed to a $10 million settlement over a class-action lawsuit regarding its NFT sales. Additionally, Hamster Kombat has launched a layer-2 network to enhance Web3 gaming capabilities.
about Yuga Labs SEC Investigation Dropped and NFT Developments This WeekSEC Shifts to Industry-Friendly Crypto Regulations with New Framework by 2025
The SEC is shifting towards a more industry-friendly regulatory approach for cryptocurrencies, led by Commissioner Hester Peirce and the new Crypto Task Force. The agency plans to drop many ongoing litigations against major crypto firms and establish a clearer framework for digital assets, with some elements expected to be implemented this year. Peirce emphasizes the need for a balanced approach that protects investors while allowing the crypto industry to innovate.
about SEC Shifts to Industry-Friendly Crypto Regulations with New Framework by 2025SEC shifts approach to crypto regulation under Hester Peirce’s leadership
The SEC, under Republican commissioner Hester Peirce, has shifted to a pro-crypto stance, halting enforcement actions against major firms like Coinbase and Binance. Peirce leads a new task force aimed at clarifying regulations for the blockchain sector, emphasizing a collaborative approach rather than punitive measures. While the agency’s pivot has been welcomed, concerns remain about the implications of dropping ongoing litigation and the need for a clear regulatory framework.
about SEC shifts approach to crypto regulation under Hester Peirce's leadershipYuga Labs SEC Investigation Closed Without Charges Marking NFT Industry Milestone
Yuga Labs has announced that the SEC has closed its investigation into the company without any charges, marking a significant victory for the NFT industry. The inquiry, which began in October 2022, sought to determine if Yuga’s NFT offerings violated federal securities laws. This decision reflects a broader shift in the SEC’s approach to cryptocurrency regulation, as the agency has recently suspended investigations into other major crypto firms and restructured its regulatory units.
about Yuga Labs SEC Investigation Closed Without Charges Marking NFT Industry MilestoneAlexis Ohanian Joins Bid to Buy TikTok and Enhance User Control
Reddit co-founder Alexis Ohanian is joining billionaire Frank McCourt’s bid to acquire TikTok, aiming to transform the platform into a decentralized social media experience. Ohanian emphasizes that creators should own their audience and users their data, leveraging Frequency, a layer-1 network designed for data ownership. TikTok has dismissed rumors of a potential sale to Elon Musk as “pure fiction,” amid ongoing concerns over its Chinese ownership.
about Alexis Ohanian Joins Bid to Buy TikTok and Enhance User ControlMoca Network and SK Planet Launch OKI Club for Web3 Integration
Moca Network and SK Planet have launched OKI Club, a premium membership program that integrates Web3 technology into SK Planet’s OK Cashbag app, South Korea’s largest rewards service. This initiative allows users to access blockchain functionality and earn rewards through a unified digital identity, attracting over 600,000 pre-registrations prior to launch. The partnership aims to enhance consumer engagement and expand the utility of MOCA Coin across various sectors, marking a significant step towards widespread Web3 adoption in the region.
about Moca Network and SK Planet Launch OKI Club for Web3 IntegrationEthereum Developers Reject Rollback After Bybit Hack Amid Controversy
Ethereum developer Tim Beiko has firmly opposed calls for a rollback of the blockchain following the $1.5 billion Bybit hack, citing significant technical and systemic risks. Unlike the 2016 TheDAO hack, the Bybit exploit occurred instantly, leaving no room for intervention, and a rollback would disrupt countless legitimate transactions, undermining the network’s trust and immutability. Despite some industry leaders advocating for a rollback, the consensus among developers is that such an action would create chaos and harm innocent users.
about Ethereum Developers Reject Rollback After Bybit Hack Amid ControversyShatterline Review A Fast Paced Hero Shooter with Crypto Elements
Shatterline is a fast-paced hero shooter that features a satisfying movement system and solid gunplay, yet struggles to distinguish itself in a crowded market. While the PvE mode incorporates crypto elements and NFT companions, the game’s characters and abilities lack uniqueness, making it a fun but forgettable experience compared to genre giants like Overwatch and Apex Legends.
about Shatterline Review A Fast Paced Hero Shooter with Crypto ElementsYuga Labs Faces Backlash as CryptoPunks IP Sale Rumors Circulate
Yuga Labs faced backlash over rumors of a potential sale of the CryptoPunks IP, with co-founder Greg Solano stating they would not engage in any deal that could harm its legacy. Meanwhile, digital art platform MakersPlace announced its closure due to ongoing market challenges, allowing users until June 2025 to offload assets. In contrast, the NFT collection Mad Lads surged in value as Solana reached a new all-time high, while Ronin Network launched a $10 million grant program to support developers and expand its ecosystem.
about Yuga Labs Faces Backlash as CryptoPunks IP Sale Rumors Circulate