Blockchain articles

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Peter Molyneux's $50 million NFT game left most players with heavy losses

The game reportedly died within weeks, leaving most with losses instead of rewards
Winners & losers: Peter Molyneux's play-to-earn blockchain game Legacy launched in 2023 and has long since gone offline. His studio, 22cans, is now focused on Masters of Albion. But while Legacy brought in more than $50 million for the studio two years before it even launched, a new report suggests that virtually no players turned a profit, and many suffered staggering losses.
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Beyond Bitcoin: IMF champions central bank digital currencies

The big picture: Not long ago, Bitcoin and other cryptocurrencies were supposed to be the future of money and blockchain technology was poised to revolutionize everything. But now, nobody seems to remember the blockchain revolution anymore – a solution still in search of a problem – and Bitcoin remains a niche market for financial speculators.