Meta Introduce Meta 3D Gen, Gambria To Create Runescape inspired Risk-To-Earn MMO, Coinbase Files Notice In Case Against SEC, BTC Surges Past $63k As Investor Fears Fade

GM. This is the Wise Dog, the best source for web3 gaming news. We curate all the latest Crypto gaming news, so you can defeat Sheng Long and stand a chance.

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MARKET REVIEW

_{* Cryptocurrency data as of 8:00 PM ET 2nd July}

CRYPTO GAMING HEADLINES

Meta has introduced Meta 3D Gen, integrating generative AI into their Metaverse games. It aims to operate at 3-10 times the speed of existing work in the space.

Playground Corp launched three alpha games for their multichain test, which have attracted 256,000 players so far. The games, ranked in the top 25 on DappRadar, have generated 19.2 million on-chain transactions.

TOP has announced a partnership with HELIKA Gaming. The partnership aims to help build, grow, and optimize Web3 games at scale on Telegram.

Cambria has secured $2.5 million in a seed round to create a Runescape-inspired risk-to-earn MMO with onchain stakes. The round was led by BITKRAFT Ventures, with participation from Piers Kicks, Pet3rpan, and Cyberpunk.

($BAG) Decentral Games’ latest game, Bag City, has launched its open beta. The platform supports various cash game stakes, with one user reportedly turning 100K $BAG into 350K $BAG during the launch.

OTHER CRYPTO HEADLINES

Open-source AI development platform Sentient Labs has raised $85 million in a seed funding round. The round was co-led by Peter Thiel's Founders Fund, Pantera Capital, and Framework Ventures.

Coinbase has filed a notice in its enforcement case against the SEC. It references Judge Jackson's decision in the SEC's case against Binance to support its request for an interlocutory appeal.

($BTC) Bitcoin has surged past $63,000 as investor fears over government sales and Mt. Gox have faded. The price increase is accompanied by notable activity in Bitcoin ETFs, which have seen net inflows for five consecutive days.

Prodia Labs has raised $15 million in its latest funding round. Led by Dragonfly XYZ, the round aims to develop scalable and affordable AI solutions using distributed GPU cloud technology.

Paxos has gained approval from Singapore's central bank, MAS, to issue stablecoins. DBS Group, Singapore's largest bank, will provide custodial services for Paxos and serve as its primary banking partner.

PROJECT SPOTLIGHT

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