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Gameplay Galaxy raises $24M seed round for Web3 gaming platform

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Gameplay Galaxy, an emerging Web3 gaming platform, has successfully raised $24 million in a recent seed funding round. This substantial investment underscores the growing interest and confidence in the future of decentralized gaming.

The funding round was led by prominent investors, including venture capital firms and strategic partners within the gaming and blockchain sectors. The capital infusion will be used to accelerate the development of Gameplay Galaxy’s innovative gaming ecosystem, which aims to blend immersive gaming experiences with blockchain technology.

Gameplay Galaxy’s platform is set to offer gamers a new dimension of interactivity and ownership, leveraging Web3 principles to enhance gameplay and create new revenue streams for developers. By integrating blockchain technology, the platform promises to provide unique features such as verifiable in-game assets and decentralized governance, allowing players to have a stake in the games they play.

The successful seed round reflects the growing enthusiasm for Web3 applications in the gaming industry, as investors and developers alike recognize the potential of blockchain to transform traditional gaming paradigms. With this funding, Gameplay Galaxy plans to expand its team, refine its technology, and bring its vision of a decentralized gaming ecosystem to life.

As the Web3 gaming space continues to evolve, Gameplay Galaxy’s advancements represent a significant step towards mainstream adoption of blockchain technology in interactive entertainment. The company’s innovative approach is expected to set new standards and drive further growth in the sector.

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Binance launches in Syria after Trump lifts sanctions

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Binance has signaled interest in expanding its services to Syria following a recent move by former U.S. President Donald Trump to lift certain economic sanctions. The easing of restrictions has opened the door for global businesses, including cryptocurrency platforms, to re-evaluate their presence in the region.

A Binance spokesperson confirmed that the company is exploring opportunities in Syria and may extend support to local users. The development marks a potential shift in crypto accessibility for a country that has long faced economic isolation due to international sanctions.

Although no formal launch has been announced, the move suggests that Binance is preparing to tap into an underserved market. The company emphasized that it will continue to monitor regulatory guidelines while assessing how best to engage Syrian users within legal frameworks.

The renewed interest in Syria reflects broader efforts by crypto firms to expand globally amid shifting geopolitical and regulatory dynamics. If Binance proceeds, it could become one of the first major crypto platforms to reenter the Syrian market in years.

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GameStop plunges 12% after proposing new $1.75B debt offering

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GameStop’s stock dropped 11% after the company revealed plans to offer $2.14 billion in convertible notes, sparking investor concerns about potential dilution. The market reacted sharply to the move, which could lead to an increased share count if noteholders opt to convert their holdings into equity.

The company stated that the proceeds will be used for general corporate purposes, which may include acquisitions and investments. Convertible notes provide flexibility for companies, but often trigger negative investor sentiment due to the future possibility of share dilution.

The timing of the announcement came just as GameStop was enjoying renewed attention from retail investors, particularly following the reappearance of “Roaring Kitty,” a central figure in the 2021 meme stock frenzy. That momentum was quickly undercut by fears surrounding the fundraising effort.

GameStop’s latest financial strategy highlights its continued attempts to adapt and remain relevant in a changing retail landscape. However, the negative market reaction reflects ongoing uncertainty over the company’s ability to convert hype into sustained performance.

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Peaq and UAE bet on tokenized machines to power future economy

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The United Arab Emirates has introduced a new regulatory sandbox dedicated to advancing the machine economy, in collaboration with blockchain network peaq and Web3 data platform Pulsar. The initiative is backed by the country’s Artificial Intelligence, Digital Economy and Remote Work Applications Office and is aimed at supporting decentralized physical infrastructure networks (DePINs).

The sandbox offers a controlled environment where projects involving autonomous vehicles, delivery drones, and smart city applications can be tested and scaled. Developers will be able to deploy real-world use cases involving connected devices while benefiting from regulatory guidance and technical support.

Participants in the program will receive resources such as funding opportunities, mentorship, and access to strategic partners, enabling them to refine and expand their technologies. The initiative reflects the UAE’s continued efforts to lead in Web3 innovation, artificial intelligence, and future-driven economic models.

By fostering projects that combine AI, blockchain, and IoT, the UAE seeks to attract global startups to build the foundations of a decentralized machine economy. The sandbox is expected to drive real-world adoption of DePIN technologies across transport, infrastructure, and smart services sectors.

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