Dauntless to Shut Down in 2025 After Blockchain Buyout and Player Backlash

Dauntless Shutting Down After Blockchain Buyout and Layoffs

According to Gamesradar, the popular Monster Hunter-like action RPG "Dauntless" will cease operations on May 29, 2025. Developer Phoenix Labs announced that the game will no longer be playable after this date, following a series of challenges including a blockchain company buyout, a controversial update, and significant layoffs. The studio expressed gratitude to its community, acknowledging the passion and creativity of its players. However, the game's decline began after Phoenix Labs was acquired by Forte Labs in 2023, leading to layoffs and a poorly received update in December 2024. The update drastically altered the game's core systems, resulting in negative reviews on Steam. For more details, visit Gamesradar's report at https://www.gamesradar.com/games/action-rpg/dauntless-is-dead-after-a-blockchain-company-buyout-a-disastrous-update-and-brutal-layoffs-the-monster-hunter-like-action-rpg-is-shutting-down-this-may/.

Blockchain Performance Overstated by 20x, Taraxa Report Reveals

Crypto.news reports that a study by Steven Pu, co-founder of Taraxa, has revealed that blockchain networks often overstate their transaction speeds by an average of 20 times. The analysis, which examined 22 networks, found that theoretical transactions per second (TPS) metrics often fail to match real-world performance. Pu introduced a new metric, TPS per dollar spent on validator nodes (TPS/$), to measure cost-efficiency. The findings suggest that many blockchains require expensive hardware for modest transaction rates, challenging claims of scalability. Pu emphasized the need for transparent, on-chain performance metrics to guide the industry. Read the full report at https://crypto.news/blockchain-performance-overstated-by-20x-taraxa-report-finds/.

Polygon CEO Discusses Digital Identity and Blockchain Utility

In an interview with TheStreet, Polygon Labs CEO Marc Boiron highlighted the transformative potential of blockchain technology in personal data ownership. Boiron explained that blockchain enables individuals to control and monetize their digital identities without corporate interference. He also discussed how blockchain can foster close-knit online communities, mirroring physical-world interactions. Boiron emphasized the importance of practical utility for blockchain adoption, noting that the technology is now ready to support real-world applications. For more insights, visit TheStreet's article at https://www.thestreet.com/crypto/innovation/you-cant-monetize-something-that-is-not-yours-polygon-ceo.

Blockchain Networks Overstate Speed, Solana and Cardano Criticized

CCN.com reports that many blockchain networks, including Solana and Cardano, significantly overstate their transaction speeds. A study by Taraxa found that theoretical maximums often exceed real-world performance by over 2,000%. Solana, for instance, claims a maximum throughput of 65,000 TPS but has only achieved 2,909 TPS in observed conditions. The report also criticized the inefficiency of some networks, suggesting that cost-effective performance should be prioritized over inflated speed claims. For more information, visit CCN.com's analysis at https://www.ccn.com/news/technology/blockchain-overstate-speed-20-average-solana-cardano/.

Bgin Blockchain Files for $50M IPO in the US

Cointelegraph reports that Singapore-based crypto mining rig manufacturer Bgin Blockchain has filed for a $50 million IPO in the United States. The company plans to list its Class A shares on Nasdaq under the ticker "BGIN." Founded in 2019, Bgin focuses on alternative cryptocurrencies and has sold nearly 115,000 mining rigs between 2023 and mid-2024. The funds raised will be used to enhance research and development efforts. This move comes amid a wave of crypto firms exploring public offerings. For further details, visit Cointelegraph's coverage at https://cointelegraph.com/news/crypto-mining-tech-firm-bgin-blockchain-files-50m-us-ipo.

DMG Blockchain Solutions to Acquire 10-Megawatt Data Center

GlobeNewswire reports that DMG Blockchain Solutions has signed a memorandum of understanding to purchase a 10-megawatt data center infrastructure for $5 million upfront. The facility, designed to meet military-grade SCIF specifications, will support DMG's Generative AI computation facilities. CEO Sheldon Bennett stated that this acquisition will accelerate the company's entry into the AI sector and enable it to secure premium off-take agreements. The final agreement is expected within 90 days. For more information, visit GlobeNewswire's announcement at https://www.globenewswire.com/news-release/2025/02/25/3031644/0/en/DMG-Blockchain-Solutions-Inc-Announces-MOU-to-Purchase-10-Megawatt-Data-Center-Infrastructure.html.

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