Grand Theft Auto maker Rockstar Games bans NFTs on third-party servers

Grand Theft Auto has followed Minecraft in banning NFTs from its third-party online servers. Developers cannot integrate cryptocurrencies or crypto assets such as NFTs, creator Rockstar Games confirmed in a statement last week. The company stressed that it still supports these servers despite the new restrictions. Rockstar Games has always believed in reasonable fan creativity and wants creators to showcase their passion for our games. Third party ‘Roleplay’ servers are an extension of the rich array of community-created experiences within Grand Theft Auto that we hope will continue to thrive in a safe and friendly way for many years to come,” the company said. The company stressed that it still supports these servers despite the new restrictions.

Art of the real: the intriguing post-bubble future of NFTs

Unfortunately, that initial run would prove short-lived. After reaching a monthly peak of USD 17 billion in January of this year, NFT trading volumes have fallen off a cliff, and are now down some 97 percent according to Bloomberg[2]. The First 5,000 Days” for USD 69.3 million in March 2021[1], it catalyzed a spectacular and highly visible bull run for NFT art and collectibles.

The term NFT, which dates to the Ethereum ERC-721 “non-fungible token” standard released in 2018[3], simply refers to a unique token that lives on a blockchain. Like their “fungible” cryptocurrency counterparts, NFTs cannot be copied or counterfeited. Unlike cryptocurrencies, they cannot be substituted for each other either. While one Bitcoin is, the same as another, each NFT is unique and uniquely identifiable. That is the point. NFTs are a key technology for creating digital assets.

CoinShares Reports Over $30 Million Worth of Crypto Stuck on FTX

Europe’s largest digital asset investment and trading group – CoinShares – revealed that approximately 11% of its total net asset value is situated on the crypto exchange FTX. Another firm experiencing similar issues is Mike Novogratz’s Galaxy Digital, which holds more than $76 million worth of exposure to the troubled firm.

The company’s CEO – Jean-Marie Mognetti – stated the assets were part of the capital markets division and accounted for proprietary trading operations. The boss added that potential losses had not affected CoinShares’ exchange-traded funds. The organization also has no exposure to FTX’s sister company Alameda Research. The problems for SBF’s trading venue started a few days ago when Binance decided to liquidate all its FTT tokens.

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Art-Alley NFT Gallery coming soon, professionally curated by Pamela, you can find Pamela on twitter if you are an NFT creator, artist in need of a Agent or would like to find out more visit or use the above twitter

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