News linked to both this project and an event.
Odaily News: a16z-backed blockchain game developer Proof of Play will cease operations, citing the failure to build a sustainable business around its vision for decentralized gaming. The studio stated that it was unable to develop a product that could prove blockchain games can drive the规模化 development of a decentralized internet. Proof of Play will open-source most of its code and art assets, including the Pirate Nation game, smart contracts, and internal software development tools. The independent Pirate Nation Foundation will continue to support the PIRATE token and maintain the website, but Proof of Play points will no longer be redeemable for anything. The studio will also release the Founder Pirates NFT and Pirate Nation-related art and intellectual property under a CC0 license. The Shiba Story Go! game has been acquired by an unnamed third party and will continue to operate independently.
According to The Nation, the Nigerian Tax Authority issued the "Virtual Asset Tax Guidelines", explicitly incorporating income from virtual asset transactions such as cryptocurrencies, stablecoins, utility tokens, security tokens, and non-fungible tokens into the existing tax system. The guidelines stipulate that gains generated from asset disposal, exchange, and transfer, as well as income derived from mining, staking, airdrops, token rewards, etc., must be taxed in accordance with the law. Virtual asset service providers are also required to fulfill obligations regarding tax registration, transaction information reporting, and suspicious transaction reporting to strengthen tax compliance and regulatory transparency in the country's digital asset sector.
According to a post by the Crypto Council for Innovation, Illinois Governor Pritzker has signed a digital asset tax bill—widely regarded as the nation’s most punitive digital asset tax regime—which will impose a disproportionate tax burden on Illinois residents using digital assets. The Council strongly opposes the measure, warning that it will drive innovators and developers out of the state, and has issued an official letter of opposition.