In this week’s newsletter, read about how nonfungible tokens (NFTs) in the Magic Eden marketplace showed “unsavory images.” Read about Final Fantasy developer Square Enix’s aggressive investments in blockchain gaming and how play-to-earn (P2E) will transition from the growth phase to maturation. In other news, check out metaverse developments throughout 2022. And don’t forget this week’s Nifty News featuring Solana NFTs’ surge in trading volume.

Solana-based NFT marketplace Magic Eden had recently assured its users that their NFTs are safe after pornographic images were spotted in its trading platform on Jan. 3. The marketplace told its users that it wasn’t hacked. Instead, the third-party service provider hosting images within the platform was “compromised.”

Tweets posted by Magic Eden users pointed to the platform that sometimes, pornographic images were loaded on a collection’s page instead of the NFT thumbnails. Other users reported seeing images from the television series The Big Bang Theory instead of the correct NFT images.

Continue reading…

Square Enix, the creators of the popular Final Fantasy game series, said that blockchain games would be one of its major strategies going forward. In a letter recapping the company’s milestones in 2022, the firm’s president, Yosuke Matsuda, explained that its plans for 2023 included blockchain games.

According to Matsuda, his team will be focusing on blockchain entertainment. Matsuda also noted that, at first, new technologies can confuse people but would eventually become a normal part of people’s lives.

Continue reading…

In Cointelegraph’s NFT Steez podcast, Crypto Unicorns founder Aron Beierschmitt highlighted that P2E gaming is still transitioning from the growth to the