Axie Infinity Developer Announces Partnership with Act Games to Expand Japanese Video Game

Axie Infinity

Sky Mavis, the developer behind the immensely popular monster-battle nonfungible tokens (NFT) game Axie Infinity, has made a groundbreaking announcement. The company has entered into a strategic partnership with Act Games, a leading Korean gaming studio, to introduce a range of beloved Japanese video game franchises to its native Ronin blockchain. The partnership’s initial highlight […]

Crypto gaming scams alert: Philippines police warn of millions at risk as fraudulent play-to-earn schemes surge

The National Police Anti-Cybercrime Group (PNP ACG) of the Philippines has warned residents about the risks associated with play-to-earn (P2E) games, revealing that these platforms can be used to steal crypto assets worth millions of dollars. The cybercrime unit’s latest bulletin highlighted the theft of unsuspecting victims’ crypto assets through custom-created gaming apps, luring victims […]

Philippine National Police warns against Axie Infinity’s P2E treacherous scheme

Axie Infinity's play to earn 'scheme' catches attention of the Philippine National Police (1)

Axie Infinity has been named by the Philippine National Police Anti-Cybercrime Group (PNP ACG) as part of its warning to Philippine citizens regarding the diverse strategies employed to extort funds from the cryptocurrency gaming community by crypto games. In their cautionary stance against cryptocurrency gaming schemes, Philippine law enforcement specifically emphasized the play-to-earn approach utilized […]

Norway police confiscate $5.9 million in connection with the Axie Infinity hack

Norway police confiscate $5.9 million in connection with the Axie infinity hack

On Thursday, the Norway police released an email statement announcing the seizure of 60 million Kroner (roughly $5.9 million). However, the seized cryptocurrency was linked to the Axie Infinity hack in March 2022. It resulted in losses estimated at around $600 million, with this seizure being one of the largest by Økokrim—the unit fighting economic […]

Are gaming NFTs dead?

US toy manufacturer Mattel launches P2P NFT Marketplace for Digital Collectibles

The bear market has affected most digital assets as the users have become weary of losses. Gaming NFTs are one of those categories that saw a downtrend because of the decreased investments. The crypto speculators’ investments poured billions of dollars into a risky market. The result wasn’t that good, and it resulted in failure for […]

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