Blizzard Is Not Exploring NFTs, Company President Says

Mike Ybarra, the newly-appointed President of Blizzard Entertainment, has put an end to the speculations about the company possibly adopting non-fungible tokens (NFTs). Via Twitter, the executive said the firm has no plans to explore the sphere.

“No one is doing NFTs,” he replied to a tweet that replicated a rumor about Blizzard allegedly polling interest in NFTs and play-to-earn games. His tweet has received over 6,600 likes as of press time, although he did not elaborate further in the answer.

The rumours date back to a survey released by Blizzard Entertainment last week, where the video game company asked gamers about their opinions on ‘emerging trends’ within the industry. The survey included cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and NFTs topics, with people assuming that Blizzard was treading waters into these spheres.

eToro and LINE Venture with NFTs

Early this month, eToro announced that it had launched its own non-fungible token fund, eToro.art. The platform seeks to support NFT creators, agencies and brands within the sphere.

To begin the program, eToro unveiled its NFT collection. This includes blue-chip projects such as Bored Ape Yacht Club, CryptoPunks, World of Women, as well as emerging artists’ projects. Upon deployment of its full funds, this collection will make eToro one of the most dominant NFT collectors in the world.

Also, the Japanese messaging giant Line expanded its services into the cryptocurrency space by launching a non-fungible token marketplace. The platform is available only in Japan and is operated by LVC Corporation, the operator of LINE’s crypto asset and blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term businesses.

Dubbed LINE NFT, the marketplace will offer a range of digital content, allowing users to buy and trade NFTs. Additionally, the chat app partnered with the Japanese entertainment conglomerate Yoshimoto Kogyo Holdings Co. Ltd. for its NFT marketplace. The entertainment house will provide exclusive content on the new marketplace under the label Yoshimoto NFT Theater.