A hacker has broken into the PLA token protocol twice in the past five days, generating losses of $290 million for the blockchain gaming firm.

With 260 gaming partners and major Web3 titles slated for release, Immutable is preparing for an active year ahead.

The funding round precedes a public sale of the ARC token planned for February.

Utilizing Arbitrum Orbit technology, the project is dedicated to elevating the blockchain gaming experience. With an emphasis on unique gaming features and strategic collaborations, it demonstrates strong potential in the gaming industry.

Renewed interest from investors and gamers alike could see a potential market value of $614 billion by 2030.

Immutable’s new ‘Passport’ wallet and authentication solution brings password-free onboarding via existing social and gaming log-ins to an ecosystem consisting of five blockchain games at launch, with more to follow.

CoinGecko’s report reveals a surprising shift in the most popular genres and the rise of lesser-known blockchains, setting the stage for an exciting 2024 in the GameFi sector.

One of the top NFT collections, Pudgy Penguins, is further bridging the real and on-chain worlds with the launch of a new Web3 game - Pudgy World.