Transcribed

Avalanche Overcomes Surge of Inscriptions and Improbable Sells Gaming Subsidiary For $100 Million

Dec 19, 2023 · 21m 17s
Avalanche Overcomes Surge of Inscriptions and Improbable Sells Gaming Subsidiary For $100 Million
Description

This episode explores recent developments in web3 and crypto. It discusses how the meme coin BONK surprisingly boosted sales of Solana's Saga gaming phone to $2,000 per unit, showing how...

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This episode explores recent developments in web3 and crypto. It discusses how the meme coin BONK surprisingly boosted sales of Solana's Saga gaming phone to $2,000 per unit, showing how crypto trends can impact hardware. It then covers a security breach at NFT fractionalization platform Floor Protocol which led to the theft of valuable Bored Apes and Pudgy Penguins NFTs due to an unaudited contract upgrade.

Shifting to Avalanche, the episode examines how transaction fees on the network surged to $13.8 million over 5 days amidst heightened activity and demand, yet the founder highlights processing nearly 1,000 TPS under load. Finally in gaming, it details metaverse startup Improbable's sale of its gaming arm to Keywords Studios for $100 million as a strategic pivot, and mentions new ordinal NFT projects from Farcana and others continuing web3 gaming adoption.

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Author Rever Networks
Organization Rever Networks
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