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Animoca Brands

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"World Chess Champ Magnus Carlsen Backs Launch of Decentralized NFT Chess Game 'Anichess'"

Originally Published 2 years ago — by Decrypt

Featured image for "World Chess Champ Magnus Carlsen Backs Launch of Decentralized NFT Chess Game 'Anichess'"
Source: Decrypt

Anichess, a new NFT game backed by World Chess Champion Magnus Carlsen, has launched its first stage with a single-player experience and plans for a player-vs-player mode in Q1 2024. The game combines traditional chess with spellcasting, a fantasy storyline, and Web3 functionality, allowing players to collect Orb NFTs for free by completing daily puzzle challenges. These Orbs, traded on the Polygon network, can unlock further challenges and rewards. Anichess also integrates with Animoca Brands’ Mocaverse loyalty platform and plans to introduce player-versus-player gameplay and tournaments in the future.

Bitcoin Maintains Strong Position Above $30.5K After Calm Weekend

Originally Published 2 years ago — by CoinDesk

Featured image for Bitcoin Maintains Strong Position Above $30.5K After Calm Weekend
Source: CoinDesk

Bitcoin remains above $30,000 as markets stay quiet during the long weekend in the U.S. Trading volume and open interest are down, reflecting decreased activity. Meanwhile, Yat Siu, co-founder of Animoca Brands, dismisses concerns about GameFi being perceived as a Ponzi scheme, arguing that it is a misunderstanding of the industry. However, critics argue that the prevalence of Ponzi schemes in GameFi hinders its growth and adoption.