Immortal – Chess app ceases play-to-earn functionality due to significant cheating incidents.
Immortal, a play-to-earn chess app with cryptocurrency integration, ceased its financialized crypto features due to rampant cheating. Despite a successful funding round and NFT marketplace, NFT values plummeted post-closure. The platform will continue using Web3 tech for anti-cheat measures. This setback underscores the challenges faced by the “play-to-earn” model. Arbitrum, an Ethereum layer-2 scaling solution, also experienced a significant outage due to transaction volume overload.
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