Introduction: What is GameFi? In today’s connected world, gaming is one of the popular pastimes. But, until recently, gamers could buy their favorite titles from the nearest store or download them from app stores and other distribution platforms like Steam and start playing. Most of these traditional game titles, either offered free or at a
Hacken is moving towards becoming a leader in the Web3 cybersecurity industry. Our partners put security first and fully trust Hacken. So, they apply for our security services such as smart contract audits, penetration testing, or bug bounty programs. Our partners consider collaboration with us as a continuous process rather than a one-time action for
With the global gaming market’s rise over the past 10 years, the industry has created billions in value and inspired various new avenues of innovation. According to Mordor Intelligence – market intelligence and advisory firm – the gaming market forecast is to grow up to $339.95 billion by 2027, having reached $198.4 billion in 2021.
GameFi is one of the newest revelations to come out in the blockchain industry, garnering millions of dollars to develop games that enable the novel play-to-earn model. Some of these blockchain games promise to construct an enjoyable gaming experience, whereby a user will be rewarded for participating in the in-game economy/community. Traditionally, the value of
Brazilian Senate passes cryptocurrency Bill to fight cybercrime The Brazilian Senate has passed a bill regulating the cryptocurrency market in the country. The purpose of this document is to regulate crypto trading and protect users from illegal activity in the space. Under this bill, crypto exchanges fall under the scrutiny of the Brazilian Central Bank
North Korean hackers were behind Axie Infinity crypto theft According to the Treasury Department, the Lazarus group was behind the theft of $600M in crypto from the popular online game. The US Treasury managed to identify a digital currency address used by hackers and it was under the control of the Lazarus group. North Korea
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The popularity of NFTs – Are NFTs mainstream now? Non-fungible tokens or NFTs have gained considerable popularity in 2021, but before then it was a blockchain technology sitting on the fringes. Due to popular culture, NFTs found their first widespread application as digital certificates of ownership of images and videos which became a craze. At
Tax season scams can steal your passwords and bank details Malicious actors are sending phishing emails claiming to be from the IRS. The purpose of these emails is to infect victims’ PCs with malware or trick users to transfer their personal information such as usernames, passwords, etc. Although these scams are not particularly sophisticated, they
