Digital Collectible Owners Continue to Take Loans out Using NFTs as Collateral – Blockchain Bitcoin News

While non-fungible token (NFT) collectibles have become a hot commodity over the last 12 months, a number of NFT owners are taking loans out against their NFTs. This month, a project called Nftfi has facilitated $25.6 million in NFT loans so far, and last month the lending marketplace recorded nearly $50 million in NFT loans. … Read more

Square Enix to Reinforce Blockchain Bet, According to Latest Earnings Report – Bitcoin News

Square Enix has announced its new mid-term business plan, reinforcing its blockchain pivot according to the documents presented. The company will continue to invest in key companies in the blockchain arena, including Animoca Brands and The Sandbox, and will also consider other investments in the area. Square Enix recently sold its Western studios for $300 … Read more

Square Enix plans to issue tokens and invest heavily in Web3 gaming

Gaming giant Square Enix has revealed in its Q1 earnings report that it will expand nonfungible tokens (NFT) into more game products as part of its medium-term business strategy in 2022. Square Enix (SE) is a Japanese game developer with $3 billion in assets under management according to its latest earnings report. The firm owns … Read more

Apecoin Integrates With Polygon, DAO Board Member Says Native APE Chain Was Never Discussed – Bitcoin News

Following one of the largest non-fungible token (NFT) mints in history and after apecoin transactions from the sale fueled Ethereum network fees, apecoin is now integrated with the Polygon (MATIC) network. On May 2, the Apecoin project announced that with Polygon support, APE is now available via MATIC’s 19,000 decentralized applications (dapps) and games. Apecoin … Read more