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Nigeria Pursues Binance Executive's Extradition

Nigeria's Ongoing Pursuit of Justice in the Binance Case In the rapidly evolving world of cryptocurrencies, Nigeria finds itself at the center of a significant legal confrontation involving Binance, one of the largest cryptocurrency exchanges globally. The Nigerian federal government is collaborating with Interpol to extradite a Binance executive who evaded detention, illustrating the complexities and challenges of regulatory oversight in the digital currency space. Key Developments Collaboration with International Agencies : The Economic and Financial Crimes Commission (EFCC) is working closely with Interpol, the FBI, and the British and Kenyan governments to secure the arrest of Anjarwalla, a Binance executive. Legal Proceedings : Anjarwalla is sought to answer charges related to money laundering in a Nigerian court, following his escape from custody on March 22. Reports indicate he fled while being taken for Ramadan prayers. Recent Charges : Following Anjar...

BloodLoop: Swiss Studio Raises $4M for Hero Shooter

7 Digital Labs Secures $4 Million Seed Funding for BloodLoop

In the ever-evolving landscape of online gaming, the emergence of web3 technology has sparked a revolution that promises to reshape player experiences. 7 Digital Labs, a Swiss gaming studio, has made headlines today by announcing a substantial $4 million in seed funding for their flagship project, BloodLoop. As the gaming community eagerly anticipates the arrival of this free-to-play hero shooter, it is poised to become a frontrunner in the next generation of gaming.

Funding and Industry Partnerships

The investment round was led by reputable organizations such as the Avalanche Foundation, Merit Circle, and Citizen Capital. This backing not only provides a significant financial boost but also validates the innovative vision behind BloodLoop:

  • Total Funding Raised: $4 million
  • Key Investors:
    • Avalanche Foundation
    • Merit Circle
    • Citizen Capital

BloodLoop: A Game-Changer in Hero Shooters

BloodLoop is designed as a 5v5 third-person shooter, combining elements of traditional gaming with the advantages of blockchain technology. This duality positions it uniquely within the competitive gaming space:

  • Gameplay Features:
    • Vivid virtual world with immersive battles
    • Multiple unique maps and game modes
    • Competitive leaderboards with $BLS rewards

Players will engage in dynamic gameplay while extracting materials and fragments—NFTs that give them ownership over in-game assets. These assets can be utilized within the game or resold, creating a player-driven economy.

Seamless Integration with Blockchain

The game's infrastructure is built on an Avalanche Subnet, a specialized blockchain designed to enhance user experience. This choice reflects a commitment to creating a frictionless environment for both seasoned and new players:

  • Benefits of Avalanche Network:
    • Instant and secure transactions
    • Elimination of in-game transaction fees
    • Accessibility for non-native blockchain users

Vision for the Future

Luca Menale, CEO and Co-founder of 7 Digital Labs, articulates a vision of inclusivity in gaming, merging web2 and web3 experiences. His insights emphasize the drive to create an engaging platform that empowers players through true ownership of their in-game assets.

Ed Chang, Head of Gaming at Ava Labs, shared his enthusiasm for BloodLoop, stating that it has the potential to become a leading contender in the web3 hero shooter market. With the support of industry veterans, BloodLoop is on the threshold of an exciting journey.

The gaming community's response has been overwhelmingly positive, with over 350,000 registered users eager to participate in the closed beta set to launch in the coming months. This early interest underscores the potential impact BloodLoop could have on the future of gaming.

As 7 Digital Labs continues to develop BloodLoop, it promises to be a transformative experience for players, bridging the gap between traditional gaming and the revolutionary opportunities presented by blockchain technology. The anticipation surrounding this project exemplifies the vibrant future of the gaming industry, where innovation and community engagement are paramount.

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