Komoverse Weekly Digest - October First Week

Komoverse Weekly Digest - October First Week

Komoverse Weekly Digest - October First Week

The Komoverse Hub is Live – First Closed Alpha Game Testing

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The Komoverse Hub is officially open to the public! It is a one-stop shop for all things related to Komoverse. Starting with a dashboard to see your match stats & history, leaderboards, shard (in-game currency) top-up, withdrawals and much more to come!?

We’re also very proud to announce our very first Komoverse Game Alpha Test!

https://hub.komoverse.io/register

MAKE SURE you have REGISTERED here FIRST!?

The spots are filling up fast so sign up quickly and let's play Komoverse. Alpha testers will get rewarded as well. All you have to do is fill the form below and we will send the launcher for our game to your email!

https://forms.gle/N86UavXvwoAjRBtv9

Reward Requirements:

- Join Komoverse Discord

- Submit Solana Wallet Address

Crypto and NFT News

NFT and GameFi Leading Market Recovery

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Venture capital funding for NFT and gaming companies within crypto rose by 66% in August, from USD 507 million in July to USD 842 million. This increase comes during a month when total VC funding within the cryptocurrency sector declined overall, suggesting that it may be NFT and GameFi cryptocurrencies that lead the way out of the ongoing bear market.

The funding data, collected by the Block, shows a fourth consecutive month of overall decline, with August's total of USD 1.85 billion some way off the USD 4.8 billion recorded in January. Still, the amount raised by NFT and GameFi firms provides some hope for a gradual turnaround in the cryptocurrency market's fortunes, with the sector also representing the highest absolute amount raised in August, in addition to the biggest rise in percentage terms. What's different this time around is that, in another month of contraction for funding, NFTs/GameFi was the only sub-sector to enjoy a rise in funding. At a time when cryptocurrency prices are still down by 8.5% over a month ago and by 63.6% since November, this increase in VC interest potentially signals a turnaround since June.?

When will the market turn positive again? Of course, a full-blown recovery–and a new bull market–isn’t expected until macroeconomic conditions allow. Inflation is at a sky-high level and interest rates are rising, retail investors are still reluctant to speculate on cryptocurrency prices and are content just to wait and see.

With the Ukraine-Russia conflict moving more in Ukraine's favor at the moment, there are signs that the global economy may begin to move in a more positive direction in the not-too distant future. And when it does, the latest funding data suggests that NFT and gaming-related platforms may be at the frontrunner of the next bull market.

Binance Smart Chain Halts After 'Potential Exploit' Drains Estimated $100M in Crypto

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An attacker moved $100-110 million in crypto off the Binance linked blockchain. Because of this, Binance Smart Chain has hit the brakes Thursday after the blockchain with ties to the world's largest crypto exchange suffered what it called a "potential exploit" that on-chain evidence suggested could have targeted hundreds of millions of dollars in crypto. "Due to irregular activity we're temporarily pausing BSC," was tweeted from BNB Chain official account. They later confirmed that the activity was a "potential exploit," that it characterized as contained.

Initial token movements suggested that up to two million BSC tokens were targeted by an attacker late Thursday, but the true losses may be much lower. BNB Chain estimated $100 to $110 million in assets were moved off chain but said in a tweet that $7 million was already frozen. That such a small (comparatively speaking) sum of assets were stolen underscored the upside of BNB's gamble to halt the chain rather than risk more assets escaping.? BSC has confirmed that they coordinated a shutdown of the chain after spotting issues with the BSC Token Hub protocol, the clearinghouse for crypto transactions moving between the Binance-linked blockchain's interlocking parts. Validators act quickly in halting the blockchain and the BNB Chain thanked them for that. By the time of this digest writing, the BNB Chain has been halted for 7.5 hours, waiting for the BNB Chain team to resolve this issue.

On-chain data shows that this afternoon two massive withdrawals of 1 million BSC tokens from BSC token hub by an attacker that nabbed crypto assets with cross-chains swaps, bridges, and borrows. Regardless, BNB's Twitter promised "all funds are safe" and said it will "help freeze any transfers."

Ubisoft and Take Two Interactive x Horizon $40mn Round?

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Major video game publishers Ubisoft and Take-Two Interactive are digging deeper into the NFT gaming space with a whopping $40 million Series A round raised by Horizon, the developer behind NFT-driven competitive card game, Skyweaver. Video game publishers Ubisoft and Take-Two Interactive are among the notable backers. Horizon’s alpha test were launched early 2018, but only released into open beta earlier this year for anyone to play. As an addition to publishing the game, Horizon has turned the tech behind it into Sequence, an Ethereum-based development platform and wallet for other creators to tap to create their own Web3 games and apps. The previous seed raised by Horizon was $13.3 million funding, including a $5 million tranche in 2020 that was led by Initialized and its now-departed co-founder, Alexis Ohanian. He has been an outspoken advocate for Skyweaver and NFT gaming on the whole.

Ubisoft and Take-Two Interactive are two of the largest video game publishers around. Ubisoft is the firm behind massive franchises like Assassin’s Creed, Just Dance, and Far Cry, while Take-Two’s popular brands like Rockstar Games and 2K Games have produced smashes like Grand Theft Auto, Red Dead Redemption, and NBA 2K.

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