Avalanche
Hardware, storefront and ecosystem news for Avalanche.
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FITFI Collapses to Fractions of a Cent as Step App Pulls the Plug After Four Years
Step App, a prominent move-to-earn project, is shutting down all services on August 21 after four years of operation. The platform's native token, FITFI, plummeted 88% following the announcement, falling to fractions of a cent. Users are urged to unstake tokens and withdraw funds before the deadline to avoid losing their assets.
DeFi Kingdoms Pulls the Plug on DFK Chain, Heads Back to Avalanche C-Chain August 28
DeFi Kingdoms will sunset its dedicated DFK Chain blockchain on August 28, 2026, migrating the game to Avalanche's C-Chain to reduce infrastructure costs and simplify operations. Players must move any bridged assets off DFK Chain before the deadline, as only native DeFi Kingdoms assets will transfer automatically. The move aims to consolidate resources within the Avalanche ecosystem and leverage its deeper liquidity and tooling.
FIFA’s Onchain Ticket Experiment Hits the NYSE, One Day After the World Cup Final
FIFA's blockchain ticketing experiment, utilizing Ava Labs' Avalanche technology, was showcased at the New York Stock Exchange shortly after the World Cup final. The system issued over 100,000 'Right-to-Buy' tokens, processing more than $25 million in transactions, with resale value flowing back to FIFA. This innovative approach to ticketing is currently under examination by regulators in Switzerland, New York, and New Jersey.
Paradise Tycoon Finishes NFT Shift to Avalanche Before Evolution 2.0 Launch
Paradise Tycoon has migrated its NFTs to the Avalanche blockchain to simplify the player onboarding process. The upcoming Evolution 2.0 update will introduce a burn-and-merge mechanic for NFTs, enhancing asset rarity and value. The game also plans to launch its own blockchain, Paradise Chain L1, to further support trading and content monetization.
Avalanche Indie Game Dev Platform Grotto Releases Runtime SDK
Grotto, operating on the Avalanche platform, has released its Runtime SDK to simplify backend development for indie game creators. The SDK integrates features like cloud saves, leaderboards, and player identity management into a single script, allowing developers to focus more on gameplay. An open-source skills repository has also been launched on GitHub to encourage community contributions.
2026 Coachella NFTs: Active Yet Questionable Value
Coachella is shifting its NFT strategy from decentralized ownership to a structured loyalty program called 'Coachella Quests,' built on the Avalanche blockchain. This gamified approach allows attendees to earn NFTs that unlock exclusive perks, reflecting a broader market trend towards utility-focused digital assets over speculative investments.
Animoca Brands Teams Up with Ava Labs
Animoca Brands has partnered with Ava Labs, investing in the AVAX token to accelerate blockchain adoption, particularly in Asia and the Middle East. This collaboration aims to drive innovation in digital identity, real-world asset tokenization, and entertainment by combining Animoca's ecosystem with Ava Labs' technological capabilities. Developers will benefit from advisory support, access to Animoca's network, and technical resources from Ava Labs.
