New Platform Helps Developers Tokenize Their Games on Ethereum

New Platform Helps Developers Tokenize Their Games on Ethereum

A new Ethereum-based platform, Enjin, aims to make game creation and creative projects on the blockchain simpler for a wider community. A new initiative aims to make game creation and creative projects on the blockchain simpler for a wider community. Today, Feb. 18, blockchain startup Enjin launched its gaming and digital collectibles creation platform on the Ethereum mainnet.Platforms such as Enjin’s consider that the blockchain can and should be used for purposes beyond currency and…

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IRS Does Not Consider Fortnite Money as Virtual Currency After All

IRS Does Not Consider Fortnite Money as Virtual Currency After All

Video game currencies have been stricken off an official IRS guidance as examples of virtual currencies, as the agency ups its scrutiny of crypto transactions. The Internal Revenue Service (IRS) removed wording on its website that put game currencies as examples of a convertible virtual currency. This clarification is important as a new tax filing requirement obliges taxpayers to report whether they dealt with virtual currencies.The move was first reported by Bloomberg Tax on…

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