FxWirePro- Major Crypto levels and bias summary 
Australia Targets AI Platforms With Strict Age Verification Rules 
Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans 
Ethereum Whales Just Loaded ~9 Million ETH — The Squeeze Is On 
Qantas Shares Plunge 10% as Iran Strikes Send Oil Prices Soaring and Disrupt Global Flights 
Middle East Airspace Shutdown Disrupts Global Flights After U.S.-Israel Strikes on Iran 
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
Panama Investigates CK Hutchison’s Port Unit After Court Voids Canal Contracts 
Netflix Declines to Raise Bid for Warner Bros. Discovery Amid Competing Paramount Skydance Offer 
Samsung Electronics Stock Poised for $1 Trillion Valuation Amid AI and Memory Boom 
APEX Tech Acquisition Inc. Raises $111.97 Million in NYSE IPO Under Ticker TRADU 
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules 
NFT is becoming all the rage these days, and a growing number of companies want to be part of this booming market. A number of non-fungible tokens based on entertainment, sports, and arts were already created, and now game developers are also interested.
Gamevil Inc. is one of the gaming companies that would like to jump into NFTs, and to prepare for this, it has acquired the digital asset platform called Zenaad. It was reported that the video game company headquartered in Seoul, South Korea, is looking to launch its blockchain-based game features sometime in 2022.
As per Pulse News, Gamevil Inc., which is known for its “Zenonia” multiplayer online role-playing game (MMORPG) game title, has reorganized its game development unit to add the team of game developers from Zenaad. Apparently, all of them will start working to attain the goal of developing NFT features in the games.
While the acquisition of the Zenaad team has been confirmed, the terms of the deal were not revealed. The news also sent Gamevil’s shares soaring 24% and close at ₩150,700 or about $127.
At any rate, game companies are starting to integrate NFTs into games as this is a new source of revenue. Typically, the non-fungible tokens are incorporated when players convert items or characters into digital assets.
The assets are convertible to cash, so many people are being drawn to play. The registrations of new players generate revenues, and in turn, game developers earn more. This has become a trend as well; thus, major game developers are beginning to adopt NFTs.
Aside from building an NFT exchange, Gamevil is also planning to create blockchain-based play-to-earn games. The works for this may commence next year, and it will use Zenaad’s expertise in blockchain technology and digital advertising service for the projects.
Meanwhile, Gamevil also purchased 21.9% shares of Coinone cryptocurrency exchange. This number of stakes made the company the second-largest shareholder. The acquisition just shows the video game developer is expanding its business in the blockchain. It can also make use of Coinone to convert game items into digital currency, as per The Korea Times.
