Connect with us

Business

A NFT game strives to unite utility with assets.

NFT games are far different than owning a (NFT) from CryptoPunks or EtherRocks in your wallet. Instead, NFT games add a new layer of complexity requiring some knowledge of the game’s rules, mechanics and player interactions.

Published

on

NFT games are far different than owning a (NFT) from CryptoPunks or EtherRocks in your wallet. Instead, NFT games add a new layer of complexity requiring some knowledge of the game’s rules, mechanics and player interactions.

Within each game, NFTs might be an object like a weapon or portion, or they might be the avatar you can use. The difference between NFTs and in-game assets in a traditional game comes down to your ability to exchange or trade these items with other players for a profit.

Swapping, creating and using NFTs in a game needs smart contracts to hold the rules for the digital asset. Each smart contract covers a self-executing piece of code that is stored on the blockchain. Gamers will likely come across multiple ways to earn, one of the main being in-game NFTs. In this scenario, rather than earning fungible tokens, gamers can earn NFTs that represent collectible items that can vary in worth depending on their rarity or usefulness in the game. 

While the first NFT games released primarily offered in-game digital collectibles, newer games will use a combination of this and a play-to-earn structure, which provide gamers with an opportunity to earn a more steady income. With each game being set up differently, many non gamers or those new to the gaming world may find it to be a challenge to get started. To address both groups comes the release of a game known as Hewer Clan. 

Hewer is a new NFT project built to “reach and welcome newcomers to the NFT space, as well as experienced NFT people,” according to their team. They continue by sharing, “at Hewer Clan, we want to unite utility with an asset that will keep appreciating, alongside a cool-looking art piece that you’ll be pleased to hold and have fun with the features each Hewer Tag unlocks for its holders.”

Business

Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

Published

on

Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

Continue Reading

Business

Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

Published

on

Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

Continue Reading

Business

Hackers are selling counterfeit phones with crypto-stealing malware

Published

on

Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk