pic.twitter.com/SJjjvZMJqN — Philippine Blockchain week 🇵🇭 (@philblockchain) December 2, 2022Creating your superheroes: Marvel, magic, and NFTsFilipinos love entertainment, whether theater plays, movies, or their favorite superhero series. Whereas in web 3, content creators create the content where they are the user and investor. “[In web 3, content creators] can monitor how they can connect with their audience immediately,” Harmiles said. Hancock did a follow-up question asking if the creators economy works for everyone. “There is a huge opportunity to use web 2, web 3, and the future of the metaverse and blockchain.
A lawmaker plans to lodge a bill targeting the Philippines’ gaming industry as the government looks for ways to resolve the growing gaming addiction among children. Senator Sherwin Gatchalian is the latest lawmaker to table a regulation covering the gaming industry, a proposal that was met with heavy criticism from digital advocates. 1063, also known as the Video and Online Games and Outdoor Media Regulation Act, Gatchalian seeks to curb video game consumption in the Philippines. “Further classification and regulation of video games is totally unnecessary. Ricafort, however, was quick to point out that doing so may hurt the country’s gaming industry as demand for video games could plummet.2 months ago CoinGeek
South Korean prosecutors claim that they have obtained additional proof of price manipulation by Terra’s co-founder Do Kwon. The prosecutors say that the evidence was gleaned from a “messenger conversation” between Kwon and an ex-employee of Terraform Labs. “I can’t reveal the details, but it was a conversation history where CEO Kwon specifically ordered price manipulation,” said an official from the South Korean prosecutor’s office. Armed with new facts, the case against Do Kwon and Terraform Labs for breaching South Korean capital market laws could proceed with a renewed sense of urgency. They argue that Kwon and Terraform Labs were not violating any extant capital laws of the country.2 months ago CoinGeek
Things just got real in the ongoing saga between the Office of Foreign Assets Control (OFAC) and Tornado Cash. In August, the Treasury’s OFAC added Tornado Cash and associated wallets to its Specially Designated Nationals and Blocked Persons (SDN) list, linking the coin mixer to the North Korean regime. Now, OFAC has announced that Tornado Cash is connected to North Korea’s nuclear program. It’s an entirely different ballgame to find yourself in the crosshairs of OFAC and linked to an illegal nuclear weapons program. Tornado Cash is unlikely to be the last domino to fall; it’s much more likely that it is merely one of the first.2 months ago CoinGeek
A South Korean court has ruled that non-fungible tokens (NFTs) are not protected under local laws because of their speculative nature. Yonhap News Agency reported that the court ruling confirmed the ban on the domestic distribution of Play-to-Earn (P2E) games in the country. The ruling is made in connection with P2E game the lawsuit filed by “Five Stars for Klaytn” developer SkyPeople against South Korea’s Game Rating Administration Committee for failing to issue an age rating for the P2E game. South Korea is stifling P2E gamingSince the ban against P2E gaming to prevent speculation among players, several South Korean game developers have left the country to release their own P2E games. Game developer Wemade’s overseas sales added $136 million to the firm’s balance, contributing over half of the total sales.12 days ago CoinGeek