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MYTHICAL GAMES SUIT FENIX GAMES

The Mythicles filed a lawsuit against three former executives. Remember that weird $150M round we wrote about and why it's weird?!

So, keep going! Litigation for breach of duty while working for Mythical games. The lawsuit includes Chris Koh senior vice president, chief operating officer, head of gaming Matthew Nutt and co-founder Rudy Koch. (They all work for Fenix ​​Games now)

Mythical said employees stole the studio's plans to raise $150 million, then quit and poached investors into their new company, Fenix ​​Games.

How many times in crypto I see how startups cannot properly master the budget and build an effective team with record investments and with skimpy experts. What is EOS, what is Mythical Games (by the way, they use software eos.io).

The story will obviously continue. We'll keep you posted. Thanks for the news @NyashaStesnyasha

PRE-HOLIDAY ACTIVITIES SELECTION | PART 2

Happy New Year! The second part of the current holiday activities is already here. A part 1 here. There are also current events.

ILLUVIUM ANNOUNCED LAUNCH OF ILLUVIUM ALPHA: ZERO

After Star atlas, Illuvium have announced their alpha version of Illuvium: Zero. The zero season starts on January 6, 2023 and will last 6-8 weeks.

In Illuvium: Zero, players will be able to build and manage bases, as well as extract resources. The launch will be for both free entry and land owners. Players who enter for free will not be able to earn tokens or NFTs.

NATIONAL NFT MARKETPLACE TO LAUNCH IN CHINA ON JANUARY 1

Back in early 2022, China decided to take immediate action on the regulation of the metaverses. And on January 1, 2023, the government plans to launch a national NFT marketplace.

Given China's concerns about NFT speculation, it is likely that the marketplace will be fully regulated by the government.

Unentered*

1. What died in the NFT in 2022:

1. Bot followers. 100, 200 or 500k Twitter followers no longer attract attention. This is understandable, in NFT there is not yet such a large audience, and for it to gather right in one project. A project with 10k followers is more likely to succeed than an account with 100k bots.

2. Staking as a utility. It made no sense to create a farm coin for the collection. If the NFTs themselves are worthless, then farming makes no sense.

3. Not meeting deadlines. It is no longer possible to feed people breakfast. You do not meet the deadlines for the stated steps.

Meta for 2023:

1. Business models. The founders approach the collection like a business. Brand building, capital raising, thoughtful marketing, IRL events.

2. Close connection with the community. Founders are no longer mysterious celestials. Open profiles, answers to criticism and help on any issues of the project. DAO is no longer an empty phrase, the future of the collection will be decided by a general vote.

3. Maximum transparency. How the project develops, what has been done and what is planned. If you have any problems, just write - we have a fakap, but we will fix it!

2. A hacker put up for sale the data of 400 million Twitter users

Cybersecurity company Hudson Rock discovered a database of 400 million Twitter users on the dark web:

“The private database contains a huge amount of information, including email addresses and phone numbers of well-known users such as Kevin O'Leary, Vitalik Buterin and others.”

The hacker claims that he did this back in early 2022 due to an exploit on Twitter, as well as a series of scandals and proceedings surrounding the purchase of the social network by Elon Musk. He also offered the latter a $276 million ransom.

3. Due to a snowstorm in the US, the Bitcoin network lost 38% of its power

The hashrate of the Bitcoin network at the moment fell by more than 38,8%, from 230 EH / s to 155 EH / s. The culprit for this was a storm in the United States, which cut off power lines and stopped the work of the miners.

Riot Blockchain, Core Scientific, Compass Mining and other major mining companies have disabled their installations.

4. Hackers hacked the BitKeep wallet and withdrew $6 million

Bitget's mobile wallet has been hacked. According to online researchers, the attack affected the BNB Chain network and caused more than $6 million in damage.

The likely reason is that hackers hacked into some APKs and injected malicious code. The company asks its customers to transfer funds to wallets downloaded from official stores (App Store or Google Play).

5.NFT collections DeGods and y00ts are leaving Solana

Two large NFT collections from the Solana ecosystem immediately announced plans to migrate to the new network. DeGods and y00ts promise to finish the move early next year.

Both DeGods and y00ts announced this today, December 26th. In the first case, the administration promises to publish the "road map" of the 3rd season of the collection in January.

As for y00ts, they promise to finish the "move" in the first quarter of next year. At the same time, if users approve of the transition of DeGods to Ethereum, then the choice of the y00ts administration in favor of the Polygon sidechain is not.

Later, the news about the transition of projects "to new tracks" was confirmed by the creator of DeGods, Frank III. According to him, the departure of the project from the Solana ecosystem will not be the “final blow” for it, although critics insist on this.

6. Crypto billionaires have lost $116 billion since March

According to a recent Forbes assessment, the bear market and multiple bankruptcies have slashed the accounts of crypto billionaires. Since March, 17 people have lost $116 billion in total.

Binance CEO Changpeng Zhao suffered the biggest losses. As of March, his stake in the crypto exchange (70%) was worth about $65 billion. It is now valued at $4,5 billion.

The head of Coinbase, Brian Armstrong, became 4 times poorer. In March, his capital was estimated at $ 6 billion, now - at $ 1,5 billion. The reserves of Ripple co-founder Chris Larsen have halved, from $ 4,3 billion to $ 2,1 billion. Next on the list of losses are the Cameron brothers and Tyler Winklevoss (Gemini exchange) . They started the year with $4 billion in capital and are ending with $1,1 billion.

7. Sam Bankman-Fried is ready to plead guilty to fraud

The media leaked information that Sam Bankman-Fried is ready to plead guilty to fraud and misuse of customer funds. The trial will take place on the afternoon of January 3.

This was reported by the Reuters portal, citing its own source. The trial will take place in federal court in Manhattan, presided over by District Judge Lewis Kaplan.

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