Solana (SOL) will host three new NFT games on its blockchain where players can compete and trade with NFTs. The gaming industry is in the midst of a growth spurt and is evolving along with the technology. With nearly US$24.8 billion generated to date, 2021 is already close to surpassing 2020’s full-year revenue (US$30 billion)…
Data from Axie World reveals that the popular play-to-earn gaming platform generated revenue of approximately $364 million or 120,547.17 ETH in the month of August. Since the platform launched, this is the highest revenue generated in its history. The Axie Infinity platform has been growing rapidly in 2021. Last month’s revenue generation was historic as…
It has been a mixed trading day for the cryptocurrency market, with some altcoins consolidating while others displaying staggering gains. MATIC has been among the top 10 gainers in the market today, as it took home 21.8% gains and revisited its multi-month high. Axie Infinity also witnessed a considerable appreciation of 13.1% and inched closer…
How Axie Infinity is offering a blockchain-backed living wage | Fortune
Axie Infinity has been on an absolute tear lately. The play-to-earn platform has become the face of a new integration of crypto and gaming that holds unbelievable potential. Axie Infinity has surpassed 1M daily active users, and is generating more revenue than any protocol or platform with the lone exception of Ethereum. Yes, Axie Infinity…
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On Saturday, August 28, the non-fungible token (NFT) project Cryptopunks crossed $1 billion in all-time sales. Cryptopunks joins the heavyweight NFT hitters Axie Infinity’s $1.6 billion and Opensea’s $3.53 billion. Three NFT Projects Have Sold More Than a Billion-Dollars in Sales The non-fungible token project Cryptopunks is now a billion-dollar NFT collection as statistics show…
You are here: Home / News / Philippines’ BIR says NFT-based Axie Infinity players to pay tax on their earnings August 25, 2021 by Chayanika Deka Philippines’ regulatory entity wants the players of the popular NFT-based online video game, Axie Infinity players to pay taxes on income generated from the game. In recent weeks, the…
Small Love Potion (SLP) has been falling since completing a double top pattern on July 13. It has been decreasing alongside a descending resistance line since, and has reached a low of $0.138 so far. Ongoing descent SLP has been moving downwards since completing a double top pattern on July 16 (red icons). The decrease…
The Finance Undersecretary of the Philippines, Antonette C. Tiono, said that earnings from crypto and non-fungible token-based games like Axie Infinity are subject to income tax. Philippines’ Finance Undersecretary Antonette C. Tiono has said that profits generated from online games should be subject to income tax. Local media outlet the Manila Bulletin reported the news,…
Trading pet axies online generates thousands of pesos when sold in the Philippines. The government says that these transactions are taxable.
Wildlife-inspired NFT ecosystem CryptoZoo has more than doubled its price today, with renewed interest in NFTs sparking a rally CryptoZoo (ZOO) is turning heads with a 109% price surge today. The NFT-based project aligns with the cryptoverse’s current demand for collectables, such as in-game items, and greater interactivity with these tokens. The market is responding,…
A couple of things did not change during this bearish cycle – The development activity of emerging projects and the fierce competition between existing ones. The market performance of DeFi and market moderators such as Ethereum, Binance Smart Chain, and Polygon has only fueled this animosity. And yet, despite tremendous market downfalls, the on-chain activity…
Launching on the Binance Smart Chain July 23rd, Big Hype proves to be a unique experience for the alt coin community. Based around top trends and building a sense of community, BigHype aims to change how community tokens interact.Through crypto community outreach BIGHYPE aims to partner with and feature other coins in order to help…
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