Tech

EVE Online’s success shows why gaming doesn’t need NFTs

Enlarge / In-game ships and structures like these have real value to EVENT Online players even without NFTs. Nearly 19 years after its launch, EVE Online still has one of gaming’s most robust virtual economies , as the game’s detailed monthly economic reports attest . So when developer CCP says it has “no plans to […]

Tech

Axie Infinity raises $150M to help reimburse hacked user funds

Enlarge / New funds to replace Sky Mavis’ hacked money are… in the cards. Sky Mavis, the developer of non-fungible token-based game Axie Infinity, announced Wednesday that it has raised an additional $150 million in venture funding. The company says the money “will be used to reimburse user funds affected by the Ronin Validator Hack, […]

Tech

How did a hacker steal over $600 million from a crypto gaming blockchain?

Enlarge / Artist’s conception of Sky Mavis tracking down the hackers behind the $600+ million breach. Axie Infinity developer Sky Mavis today announced a massive breach of its Ronin cryptocurrency sidechain. An attacker used “hacked private keys” to break through Ronin’s validator network, Sky Mavis says, transferring 173,600 ETH (worth approximately $594 million at current […]