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Japanese Media Powerhouse Mixi Chooses Flow Blockchain to Launch New Games and NFTs – AiThority

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AiThority – Artificial Intelligence | News | Insights | AiThority
Media powerhouse mixi, Inc. announced plans to launch NFT experiences for consumers across Japan on Flow, a next-generation blockchain designed for  consumer-friendly applications. The announcement was made locally in Japan with Dapper Labs and Flow confirming the market-leader will be coming to Flow.
Known for their adept entertainment and sports offerings including the social network mixi, the mobile game Monster Strike, which has grossed more than $9 billion since its launch in 2013, and their most recent release TIPSTAR, a sports betting service, mixi is now turning to blockchain to transform the way its consumers interact with its digital content.
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“mixi is one of the most innovative companies with a track-record of being best in market on new technology platforms, bringing some of the biggest and most successful digital entertainment and sports experiences to fans across Japan,” said Roham Gharegozlou, CEO of Dapper Labs. “They continue to be pioneers on new game-changing platforms, and we’re excited they’ve chosen Flow to bring their epic NFT strategy to life. We are amped to be partnering with mixi on what we see as a huge opportunity and awesome journey ahead.”
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Through the partnership, mixi will develop innovative new products that will live on Flow while leveraging the Dapper Labs team’s operational know-how and development support. Having created the NFT standard ERC-721, Dapper Labs is the company behind CryptoKitties and NBA Top Shot, the biggest success in the NFT market with cumulative sales exceeding 800 million dollars.
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“NBA Top Shot on Flow delivers the first NFT collectible experience that drives consumer adoption and is traded on a large scale,” said Koki Kimura, President and Representative Director of mixi. “Dapper Labs’ creativity in design and functionality is so outstanding that it almost inspires a sense of jealousy. In the U.S., they have already become a major presence in the sports economy. We hope to bring that same energy into the Japanese NFT market by transforming a variety of entertainment and sports contents into digital assets.”
mixi aims to offer superior communication services for friends and family, such as the social network mixi and the smartphone game Monster Strike. mixi has focused on business growth in the next-gen entertainment and sports industries in order to pursue the medium-term policy adopted last year of “enriching global communication through the combination of entertainment with technology”. Its most recent notable release is TIPSTAR, a social sports betting service.
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[To share your insights with us, please write to sghosh@martechseries.com]
AIT News Desk is a trained group of web journalists and reporters who collect news from all over the technology landscape. The technical space includes advanced technologies related to AI, ML, ITops, Cloud Security, Privacy and Security, Cyberthreat intelligence, Space, Big data and Analytics, Blockchain and Crypto.
To connect, please write to AiT Analyst at news@martechseries.com.
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FASB Excludes NFTs, Some Stablecoins From Crypto Accounting Project – The Wall Street Journal

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Michael Saylor can't stop: MicroStrategy now holds 130,000 Bitcoin – Cointelegraph

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MicroStrategy bought an additional 301 BTC for $6 million at an average price of $19,851, the company’s executive chairman announced on Twitter.
MicroStrategy now owns 0.62% of all the Bitcoin (BTC) that will ever be mined. The company’s executive chairman, Michael Saylor, announced that the company bought another 301 BTC for roughly $6 million at an average price of $19,851 per BTC. 
In sum, the company is one of the planet’s largest holders of the asset, owning 130,000 BTC. Apparently, Saylor likes round numbers, buying 301 BTC to reach the 130,000 milestone. 
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.https://t.co/5kYW98ij4I
Due to plunging price action, the company’s investment is down substantially in U.S. dollar terms. MicroStrategy’s entry price is roughly $30,639 per BTC, and the Securities and Exchange Commission filing states that the firm has bought 130,000 BTC at an aggregate purchase price of approximately $3.98 billion.
If MicroStrategy started stacking sats (buying Bitcoin) at today’s prices, it would have spent $2.48 billion on 130,000 BTC. Saylor is currently at a paper loss of over a billion dollars.
According to the SEC filing, the company made the purchase with “excess cash.” Saylor recently stepped down as CEO of the company to focus on buying more Bitcoin, while Washington, DC has taken aim at the billionaire in a tax evasion lawsuit.
Bitcoin enthusiasts were quick to commend Saylor’s buy. Referred to as the “Chad” or “Gigachad,” Saylor’s conviction and commitment to buying Bitcoin despite the investment being underwater has garnered both a devout following and numerous critics.
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Other large wallet addresses include that of crypto exchange Bitfinex, which holds 170,000 BTC, and a Binance reserve wallet that holds 125,000 BTC. Binance is the world’s largest crypto exchange and has several wallets holding six figures of Bitcoin. Regarding individuals, Saylor has stated that he holds Bitcoin, and FTX CEO Sam Bankman-Fried and Binance CEO Changpeng Zhao are also “hodlers” — a meme that became popular jargon for holding crypto.

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NFT Collections Will Be Regulated Like Cryptocurrencies Under EU’s MiCA Law, Official Says – CoinDesk

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