• Sega is pulling back from blockchain gaming, opting to withhold its biggest franchises from third-party projects.
• Bitfinex recovered more stolen assets, which will be used to redeem Recovery Right Tokens (RRTs).
• BarnBridge DAO members have been told to pause all work as the SEC investigates the project. Lightning Labs has also released tools for Bitcoin Lightning & AI developers.
Sega Pulls Back From Blockchain Gaming
Sega, the gaming studio once seen as one of the strongest advocates of GameFi and blockchain gaming, is pulling back from the sector. It will withhold its biggest franchises from third-party blockchain gaming projects to avoid devaluing its content. Co-Chief Operating Officer Shuji Utsumi said that they’re looking into whether Web3 technology is really going to take off in this industry, after all.
Bitfinex Recovers More Stolen Assets
Bitfinex said that it recovered additional stolen assets from the 2016 hack: it received $312,219.71 in cash and 6.917 BCH from the United States Department of Homeland Security (DHS). Under the terms of Bitfinex’s contractual obligations to token holders, these amounts will be used to redeem RRT tokens but there are currently 30 million RRTs in circulation so it’s not enough for all tokens. Chief Technology Officer Paolo Ardoino said they look forward to recovering as much stolen bitcoin as possible and redistributing it to holders of those tokens issued in response to the 2016 hack.
BarnBridge DAO Investigation
In a July 6 post on BarnBridge DAO’s Discord channel, lawyer Douglas Park told members that US Securities and Exchange Commission (SEC) is investigating BarnBridge DAO and individuals associated with it so he asked them to pause all work related to the project until further notice. Existing liquidity pools should be closed and no new ones should be opened while individuals shouldn’t be compensated for any work on related products either until further notice he said.
Lightning Labs Releases Tools For Developers
Bitcoin Lightning Network development firm Lightning Labs announced release of new set of developer tools enabling Lightning & AI developers build applications on top of cryptocurrency network without needing deep knowledge about underlying protocol or cryptography itself thus making easier for them entering space & building solutions within their own fields expertise .
This article summarized news regarding how Sega is pulling back from blockchain gaming; Bitfinex recovering more stolen assets; BarnBridge DAO investigation; and Lightning Labs releasing tools for Bitcoin Lightning & AI developers