DeFi News Official TheBitTimes.com

The days of wasting hundreds of hours on a game and receiving almost nothing in return are over — and it's all thanks to NFTs and blockchain technology. Blockchain gaming is going from strength to strength — underpinned by the explosion of nonfungible tokens, which continue to achieve mainstream adoption. The FRUITS Eco-Blockchain Project is building on this momentum by allowing NFTs to be redeemed for a coveted, real-world object: a physical golden egg. First came the console, then the humble PC. Smartphones soon came along and transformed the entertainment industry entirely — making games free to play, and putting them in the hands of consumers in emerging economies. Now, blockchain technology and nonfungible tokens (NFT) are ushering in the next wave of innovation. Once, in-game assets couldn't be transported from one title to another, traded freely with others, and sold on secondary markets. Web3 makes this possible — all while allowing avid players to receive recognition...

B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy. Financial services platform B. Riley has offer ed Bitcoin (BTC) miner Core Scientific $72 million in financing to avoid Bankruptcy and preserve value for Core Scientific stakeholders. B. Riley, a top lender to Core Scientific with $42 million in loans currently outstanding, outlined the terms of the financing agreement in a Dec. 14 letter noting it's prepared to fund the first $40 million “immediately, with zero contingencies.” The finance platform suggested the remaining $32 million would be conditional on the BTC miner suspending all payments to equipment lenders while Bitcoin prices are below $18,500. The last time the price of Bitcoin was above $18,500 was on Nov. 9, before it fell over 14% in one day. B. Riley’s assessment of the predicament Core Scientific is in was scathing, suggesting it had deployed “an aggressive, ill-conceived strategy […] to continue to...