The Metaverse

Buy Virtual Lands in El Salvador Now

El Salvador is a small Central American country of just over 6 million people. It has a rich, indigenous cultural heritage and its capital, San Salvador, is one of the most iconic cities in the world. Indeed, it’s known as the landfall of Christopher Columbus in 1492. Besides its rich history, El Salvador is also known for being the first crypto-friendly country in the world. In fact, El Salvador was one of the first countries in the region to declare its intent to become a crypto nation. They’ve recently adopted

China Can’t Regulate Virtual Worlds – The Pros of Decentralized Metaverses

China’s crackdown on cryptocurrencies has reached a new level of intensity in recent weeks. The People’s Bank of China (PBOC) has previously decided to prohibit financial institutions from dealing in virtual currencies, including Bitcoin and Ethereum. More recently, the PBOC has attempted to shut down cryptocurrency transactions and mining entirely. This news has sent shockwaves throughout the industry and caused many traditional financial firms to rethink their involvement with cryptoassets. In particular, it’s been a major blow for Chinese bitcoin miners who are now scrambling to find ways of preserving

Axie Infinity Raises $152M from a16z to Accelerate Play-to-Earn

Share some Bitpinas love:Sky Mavis, the developers of breakout game Axie Infinity, announces that it has successfully raised $152 million that will be used to build its global team, scale its infrastructure and build a distribution platform that game developers can use to create and distribute their blockchain games. The series B round is led by Andreessen Horowitz (a16z) and participated by Accel and Paradigm. A16z previously invested in play-to-earn gaming group Yield Guild Games, which has more than 3,000 scholars playing Axie Infinity.While the play-to-earn (P2E) model, which means

Diminishing returns: Is Bitcoin underperforming compared to altcoins?

The first half of 2021 in the crypto markets brought many comparisons to 2017. Bitcoin (BTC) was on a tear to its all-time high, the new frontier of decentralized finance emerged, and nonfungible tokens were gaining myriad celebrity endorsements. But after the initial months of euphoria and a subsequent sell-off, BTC’s performance has been far more lackluster. The recent market sell-off resulting from the Evergrande crisis has compounded fears. However, it can’t be ignored that many altcoins, particularly platform tokens, have undergone impressive runs and, in some cases, even bucked broader