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NFT Gaming

Forward Launches Solana Treasury With $1.58 Billion Purchase

by admin September 16, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Forward Industries has commenced its Solana treasury strategy with an acquisition of more than 6.8 million SOL, backed by major industry players.

Galaxy, Multicoin, & Jump Back Forward’s Solana Treasury

According to a press release, Forward Industries has completed its initial liquid Solana purchases totaling 6,822,000 SOL for its treasury strategy. The tokens cost the company $232 each or a total of $1.58 billion. CoinGecko’s tracker shows the largest SOL treasury before today held $474 million, making Forward’s bet the largest yet.

Forward Industries is a publicly-traded company that has historically focused on design and manufacturing. The dip into the digital asset sector with the Solana treasury program represents a new shift.

Kyle Samani, Chairman of the Board of Directors at Forward Industries, said:

Today’s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks.

On September 11th, the firm closed a private investment in public equity (PIPE) raising $1.65 billion. The main players behind the financing were Galaxy Digital, Multicoin Capital, and Jump Crypto, each of which are firms that have had a notable presence in the digital assets sector. The latest purchase is the initial deployment of this raised capital.

Forward doesn’t plan to just passively hold SOL. Instead, the company has said it will take a more dynamic approach, deploying assets within the cryptocurrency’s ecosystem to generate more value. So far, it has put all its holdings into staking.

Samani noted:

We are building the world’s largest Solana treasury company, a strategy that will both advance the Solana ecosystem and deliver long-term value for our shareholders. We are pleased to make some of our SOL purchases on-chain, which is the first of many activities we expect the Company to do natively on-chain.

Forward’s treasury isn’t the only SOL news for today. Neurotech company Helius Medical Technologies has also revealed a plan for a Solana treasury strategy, as per a press release.

The company intends to raise $500 million through PIPE financing and a further $750 million via stapled warrants. Backers include Pantera Capital and Summer Capital, among other names.

Speaking of digital asset treasury companies, the OG firm Strategy (formerly MicroStrategy) has also added to its Bitcoin holdings today, as announced by co-founder and chairman Michael Saylor in an X post.

The acquisition has involved a total of 525 BTC, with a cost basis of $114,562 per token. In total, the buy has cost the company about $60.2 million, which is relatively modest when compared to some of the earlier purchases.

SOL Price

Solana neared the $250 mark during the weekend, but the asset’s price has declined since then as it has dropped to the $233 level.

The trend in the price of the coin over the last five days | Source: SOLUSDT on TradingView

Featured image from Dall-E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 16, 2025 0 comments
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Boundless mainnet launches with vision of internet scale for blockchains
NFT Gaming

Boundless mainnet launches with vision of internet scale for blockchains

by admin September 16, 2025



Boundless has officially activated its mainnet, transitioning its protocol for verifiable compute from beta to a live production environment to test its core thesis that blockchains can finally mirror the internet’s scaling model.

Summary

  • Boundless launches its mainnet, introducing Proof of Verifiable Work and ZK Coin (ZKC).
  • The network rewards provers for generating verifiable computation instead of traditional block mining.
  • Over 2,500 provers and 411,000 participants joined during Mainnet Beta, with $71M raised in the Kaito sale.

In an announcement on September 15, Boundless confirmed the activation of its mainnet, marking the shift from last year’s beta into full production. The launch introduces Proof of Verifiable Work and ZK Coin (ZKC), positioning zero-knowledge computation as the engine of scale.

By design, Boundless rewards provers for generating verifiable proofs, a departure from traditional block mining and an attempt to rewire blockchain economics around computation itself.

From theoretical Breakthrough to a functioning prover economy

According to the announcement, the foundational breakthrough traces back to 2021 with RISC Zero’s creation of the first RISC-V zkVM, which demonstrated that developers could generate zero-knowledge proofs from Rust and Solidity code instead of complex, custom circuits.

This innovation made ZK technology broadly accessible, but a usable zkVM alone wasn’t enough to scale entire ecosystems. Boundless emerged to build the missing piece via a universal, decentralized protocol that could apply verifiable compute across any chain or application.

The Boundless team said this vision began to materialize in late 2024 with the launch of its Collaborative Development Program, attracting early adopters to build on the nascent network. The project hit a significant inflection point by July 2025 with the debut of its Mainnet Beta. Notably, over 2,500 provers joined the network, 411,000 participants took part in the beta, and the Kaito token sale raised more than $71 million after being oversubscribed 18 times.

The infrastructure

Boundless introduces an economic mechanism called Proof of Verifiable Work, which is fundamentally a new type of mining. Unlike traditional proof-of-work networks that expend energy to solve arbitrary puzzles, Boundless provers are rewarded for generating useful, verifiable computation.

The protocol measures the complexity of each cryptographic proof and rewards provers with ZK Coin proportional to the actual work performed. This creates a direct market for verifiable compute, aligning incentives with tangible, valuable output rather than mere hash rate.

Provers are required to stake and lock ZKC to participate in proof generation, which serves as a security deposit that ensures honest work. This staking mechanism creates a virtuous cycle: as demand for proofs grows, more ZKC is locked up as collateral, simultaneously tightening the available supply and compounding the network’s overall security. It is, effectively, a token whose primary utility is to be staked and put to work.

After launching at an all-time high of $2.13 on September 15, ZKC’s price has seen significant turbulence. It is currently trading at approximately $0.86, a decline of roughly 48% in the last 24 hours that places it about 55% below its peak, according to CoinGecko data.



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September 16, 2025 0 comments
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Decrypt logo
GameFi Guides

Ethereum Foundation Launches AI Team, Underscoring Network’s Future Priorities

by admin September 15, 2025



In brief

  • The Ethereum Foundation is launching a dedicated “dAI team” to make Ethereum the foundation of AI development and bridge blockchain with AI industries.
  • It has a near-term focus on the ERC-8004 standard enabling AI agents to transact seamlessly across Ethereum, which is debuting at November’s Devconnect conference.
  • The long-term goal is to build decentralized AI infrastructure preventing corporate monopolization, with ongoing Silicon Valley partnerships.

The Ethereum Foundation is launching a full-time team dead set on the network’s latest priority: becoming not just the bedrock of the AI economy, but also of AI software development at large.

The dAI team, named in a nod to Ethereum’s longstanding principles of decentralization and democracy, will focus its efforts both on fostering the development of AI systems within the crypto ecosystem and on bringing top players in the off-chain AI industry onto the network.

“We want to bridge the gap between blockchain organizations and AI organizations,” Davide Crapis, an Ethereum core developer who will lead the dAI team, told Decrypt. 

The team will initially feature two other full-time roles, which the Ethereum Foundation is currently hiring for.



Crapis said the Ethereum Foundation’s investment in a full-time AI operation shows the organization’s acknowledgement that the sector will be “key” to its long-term sustainability. 

“We are realizing that AI is going to be a big part of the lives of all humans,” he said. “And it’s going to be a large part of Ethereum usage in the future.”

In the near-term, the team will focus on implementing proposals like ERC-8004, which would create a standard for AI agents to seamlessly discover, verify, and transact with each other across the Ethereum ecosystem. 

That proposal, which Ethereum developers hope will cement the network as the de-facto settlement layer for the exploding AI agent economy, is still being finalized. It will be presented in its final form at Devconnect, an Ethereum developer conference to be held in Buenos Aires in November.

Looking ahead to the future, Crapis said his team will be focused on the even larger goal of establishing a decentralized AI stack designed to “make sure the future of AI is not in the hands of a few very powerful corporations.”

That doesn’t mean Ethereum necessarily intends on going to war with OpenAI, though. Crapis says he sees AI as Ethereum’s next DeFi opportunity—one that, after years of grassroots adoption, eventually attracts even once-hesitant centralized institutions.

“The focus needs to be on building the best decentralized technology we can offer,” the developer said. 

“Ethereum’s infrastructure has so far been focused mostly on finance,” he continued. “It needs to be very usable for AI as well.”

Already, the Ethereum Foundation’s dAI team is engaged in research collaborations with major Silicon Valley companies, which Crapis said will be announced in due time.

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.



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September 15, 2025 0 comments
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Hades II Launches Into 1.0 On Switch 2, Switch, And PC This Month
Game Updates

Hades II Launches Into 1.0 On Switch 2, Switch, And PC This Month

by admin September 14, 2025


Supergiant Games has announced that Hades II is launching into 1.0 on Nintendo Switch 2, Switch, and PC via Steam and the Epic Games Store. This 1.0 launch comes after the game’s year-long Early Access period on PC (and after the game graced the cover of Game Informer in May of last year). 

Supergiant announced this news with a gorgeous animated trailer showing protagonist Melinoë fighting various Greek gods and enemies of the underworld, and it ends with the September 25 digital release date on Switch 2, Switch, and PC. If you want to pick up a physical version of the game, you’ll need to wait until November. 

Check out the Hades II 1.0 reveal trailer for yourself below: 

 

While waiting for Hades II, check out Game Informer’s Hades II exclusive coverage hub for interviews, behind-the-scenes features, videos, and more. 



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September 14, 2025 0 comments
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Tether Launches New U.s. Stablecoin, Usat, Tapping Bo Hines As Ceo
GameFi Guides

Tether Launches New U.S. Stablecoin, USAT, Tapping Bo Hines as CEO

by admin September 14, 2025



Tether, the company behind the world’s largest stablecoin, USDT, today unveiled a new U.S.-regulated stablecoin called USAT, designed specifically for the American market. The announcement, made during an event in New York City, also revealed the appointment of Bo Hines as the future CEO of Tether’s new American division.

The move comes amid a period of significant growth for the stablecoin sector, which has seen its total market capitalization expand from $208 billion to $287 billion this year. This expansion has been supported by new regulatory clarity, including the passage of the GENIUS Act in mid-July. The law, signed by President Donald Trump, establishes a federal framework for stablecoin issuers.

USAT is designed to be fully compliant with the new GENIUS Act. Tether has partnered with federally regulated crypto bank Anchorage Digital, which will serve as the token’s issuer. Cantor Fitzgerald will manage the reserves, ensuring the stablecoin is backed 1:1 by the U.S. dollar with disclosed reserves, a critical component of the new regulatory standards.

“For over a decade, Tether – as the creator of the stablecoin industry – has issued USD₮, the backbone of the digital economy, and today the U.S dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale. Today, with the introduction of USA₮ and Bo Hines’s appointment as future CEO of Tether USA₮, we are taking the next natural step, bringing that same strength to the U.S. under a world-leading U.S.-regulatory framework,” said Paolo Ardoino, CEO of Tether.

According to Ardoino, the motivation behind the new stablecoin is to bring the benefits of digital dollars to the U.S., the world’s most prominent financial market. While Tether’s existing USDT stablecoin has a market cap of $169 billion and is widely used in emerging markets, USAT is being framed as a product tailored for U.S. businesses and institutions.

Bo Hines, CEO-Designate of Tether USA₮, a lawyer and former director of the White House Crypto Council, will lead the new U.S. entity. In a statement, Hines expressed, “I am honored to lead USA₮ as we prepare for its launch, creating a U.S.-regulated dollar-backed stablecoin designed to strengthen America’s role in the global economy,” he added,. “By building USA₮ with compliance, transparency, and innovation at its core, we are ensuring that the dollar remains the foundation of trust in the digital asset space.”

Also Read: OKX and Tether Join Forces to Simplify Cross-Chain USDT Transfers



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September 14, 2025 0 comments
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Bitcoin stays below $112K. (geralt/Pixabay)
Crypto Trends

WisdomTree Launches Tokenized Private Credit Fund

by admin September 14, 2025



WisdomTree has launched a new tokenized fund focusing on private credit.

The new fund, called the WisdomTree Private Credit and Alternative Income Digital Fund (CRDT), tracks a basket of 35 publicly traded closed-end funds, business development companies, and real estate investment trusts, Bloomberg reports.

It’s available with a minimum investment of just $25 and offers two-day redemption. WisdomTree, it’s worth adding, launched an ETF tracking the same benchmark in 2021, the WisdomTree Private Credit and Alternative Income Fund.

Private credit, lending done outside traditional banks, has ballooned in recent years as investors chase yield-focused investment options.

“It’s really just about bringing the asset class to a whole universe of different investors,” said Will Peck, head of digital assets at WisdomTree.

The firm has launched a number of tokenized investment vehicles so far, including ones offering exposure to money market funds, fixed income securities, and equities.

The new fund joins a growing trend among Wall Street’s largest asset managers. BlackRock, for example, manages a $2 billion money market fund, while Fidelity’s tokenized money market fund recently rolled out on Ethereum.

WisdomTree joins a broader trend. BlackRock’s tokenized $2 billion money market fund and experiments from Fidelity and VanEck suggest traditional finance is taking real-world asset tokenization seriously, even if it’s still small compared to the trillions in ETFs and mutual funds.



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September 14, 2025 0 comments
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Nintendo Reveals Mario Tennis Fever, Launches On Switch 2 in February
Game Updates

Nintendo Reveals Mario Tennis Fever, Launches On Switch 2 in February

by admin September 13, 2025


Nintendo has revealed Mario Tennis Fever, the next entry in the long-running Mario-fronted tennis series, and it’s coming exclusively to Switch 2 in February. More specifically, it launches on Switch 2 on February 12. 

Nintendo announced the game during today’s Nintendo Direct with a gameplay trailer showcasing new footwork additions like the ability to slide, dive, and more. Plus, there are 30 different Fever Rackets to use; build up your Fever meter and unleash special moves with the Flame Racket, Ice Racket, Mini Mushroom Racket, and even the Shadow Racket. Each of these rackets comes with its own special ability, and you can pair them with 38 different playable characters. 

Check it out for yourself in the Mario Tennis Fever reveal trailer below: 

 

Mario Tennis Fever features various modes like Tournament, Trial Towers, Mix It Up, which features Wonder Flowers, and Online Modes. Plus, you can use the Joy-Con 2’s motion controls via Swing Mode. In the Adventure mode, characters are turned into babies and you’ll need to teach them how to play tennis, defeat monsters, and advance through various worlds to get things back to normal.

Mario Tennis Fever launches February 12, 2026, on Switch 2. 

In the meantime, read Game Informer’s Mario Tennis Aces review. 

Are you picking up Mario Tennis Fever next February? Let us know in the comments below!



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September 13, 2025 0 comments
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Image Of A Vault
NFT Gaming

Story launches IP Vault for programmable access to onchain IP data

by admin September 12, 2025



Story Foundation has announced the launch of secure on-chain storage space for intellectual property-focused assets to offer programmable access and monetization.

Summary

  • Story Foundation has announced upcoming launch of IP Vault, an onchain storage feature for sensitive intellectual property content.
  • Vault will go live later this year with a devnet before a testnet and mainnet launches in 2026.

Story Protocol, which unveiled its layer-1 network for programmable intellectual property in February, has added to its growing ecosystem with a new IP Vault. The Andreessen Horowitz-backed project allows for tokenization, licensing, and monetization of IP assets directly on-chain without intermediaries.

As adoption and integration grow, the ecosystem has grappled with the challenge of access and storage of sensitive IP content. IP Vault is a feature the Story Foundation says will help solve this challenge for large organizations, IP holders, and ecosystem developers.

“IP Vault is a secure on-chain storage space attached to an IP asset that stores confidential IP data on Story. These vaults are protected by the network and can only be accessed by IP owners and their license holders,” the Story Foundation wrote in a blog post.

What are the use cases?

Vault will store encryption keys that unlock files hosted on platforms such as IPFS and Shelby, Story Foundation said.

It will thus act as a programmable access layer for intellectual property assets, with the IP natively accessible onchain via Story (IP)’s layer 1 blockchain.

As a confidential storage space, Vault will not just offer secure storage of encryption keys, but also allow for conditional decryption, a feature that gives IP owners power to define the rules that must be met before content is decrypted. This will open up the IP market to new monetization opportunities around artificial intelligence and real-world assets.

Real-world use cases include Poseidon, an AI-focused project incubated by Story and backed by a16z. The platform will use IP Vault to secure its AI training data.

“As a full-stack data layer, Poseidon bridges the gap between supply and demand for specialized, IP-cleared training data. IP Vault enables secure access to these datasets alongside their corresponding IP assets on-chain,” Sandeep Chinchali, co-founder of Poseidon, said.

Story plans to launch IP Vault on devnet later this year, with testnet and mainnet rollouts expected in 2026.



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September 12, 2025 0 comments
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Sony launches new PlayStation parental control app
Esports

Sony launches new PlayStation parental control app

by admin September 12, 2025


Sony has launched the PlayStation Family App, a new dedicated parental control mobile app for Android and iOS devices.

Announced in a PlayStation Blog post on September 10, 2025, the PlayStation Family App includes the current parental controls available on PS5 and PS4, such as managing age restrictions and playtime settings, alongside several new customisable features.

Through the app, parents receive real-time notifications on when their child is playing PlayStation, allowing them to approve or deny restricted games and requests for extra playtime at the touch of a button.

The PlayStation Family App also allows parents to set daily playtime limits and manage spending activity by setting a monthly spending limit for PlayStation Store purchases.

Content filters and social interactions can be managed through the app, too, as parents can customize privacy settings, manage social features, and configure age-appropriate content via their mobile device. The app also offers age presets, which apply recommended settings for your child’s age group.

To provide a more overarching view of a child’s activity and playtime, app users also receive daily and weekly activity reports to review at a glance.

The PlayStation Family App is available to download for free in “most markets” now, but is only compatible with iOS version 14 and Android 8 or higher.

“We’re excited to bring an easy way for parents to manage their children’s gaming directly from their mobile devices,” Cory Gasaway, VP of product management at Sony Interactive Entertainment, wrote in the blog post.

“This is just the beginning with our new mobile app – we’ll plan to continue adding enhancements to PlayStation Family app to evolve the experience over time.”



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September 12, 2025 0 comments
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Spot Crypto ETFs See $1.4B Outflows As Bitcoin, Ether Slump
Crypto Trends

21Shares launches first dYdX ETP for institutional investors

by admin September 11, 2025



Switzerland-based 21Shares, one of Europe’s largest issuers of crypto exchange-traded products, has launched the first fund tied to dYdX, a decentralized exchange (DEX) specializing in perpetual futures.

According to an announcement shared with Cointelegraph, dYdX has processed over $1.4 trillion in cumulative trading volume and lists over 230 perpetual markets. The dYdX Treasury subDAO supports the physically backed product through a decentralized finance (DeFi) treasury manager, kpk.

By positioning dYdX within a regulated exchange-traded product (ETP), 21Shares said it is creating an on-ramp for institutions.

“This launch represents a milestone moment in DeFi adoption, allowing institutions to access dYdX through the ETP wrapper – utilizing the same infrastructure already in use for traditional financial assets,” Mandy Chiu, head of financial product development at 21Shares, said in the statement.

Staking, or locking up tokens to help secure a blockchain network in exchange for rewards, will be added shortly after launch, a 21Shares spokesperson told Cointelegraph. “Will introduce DYDX staking and an auto-compounding feature — generating rewards auto-compound into DYDX token buybacks.”

The release also outlined dYdX’s expansion roadmap, including Telegram-based trading later this month, a forthcoming spot market starting with Solana, perpetual contracts tied to real-world assets such as equities and indexes, along with a fee discount program for dYdX stakers and broader deposit options spanning stablecoins and fiat.

The 21Shares dYdX ETP will launch on Euronext Paris and Euronext Amsterdam under the ticker symbol DYDX.

Related: Hyperliquid token gains institutional access with new 21Shares ETP

Kraken, Cboe and Bitget highlight demand for crypto derivatives

The launch of the dYdX ETP comes as both traditional and centralized crypto exchanges are expanding their crypto derivatives offerings — financial contracts that let traders speculate on the price of digital assets without owning them directly.

In the US, Kraken launched its CFTC-regulated derivatives arm in July following a $1.5 billion acquisition of futures broker NinjaTrader. The derivatives platform provides access to CME-listed crypto futures.

On Tuesday, Cboe, one of the world’s largest exchange operators, announced its plans to launch “continuous futures” for Bitcoin and Ether on Nov. 10, pending regulatory review. The contracts will be listed on the Cboe Futures Exchange and designed as single, long-dated products with 10-year expirations.

Cboe said the contracts are modeled on perpetual-style futures that dominate offshore markets but have not been available in a US-regulated setting until now. The exchange described them as giving institutional and retail traders long-term crypto exposure within a centrally cleared, intermediated framework.

Meanwhile, Bitget, a Singapore-based cryptocurrency exchange, reported $750 billion in derivatives volume for August, bringing its cumulative total to $11.5 trillion since launch.

The exchange ranked among the top three global futures venues for Bitcoin and Ether open interest during the month, with BTC futures surpassing $10 billion and ETH open interest trending above $6 billion.

Futures vs. Perpetuals volume growth over the past year. Source: CoinMarketCap

The first regulated crypto derivatives were launched in December 2017, when Cboe and CME introduced cash-settled Bitcoin futures. While Cboe exited the market in 2019 due to low volumes, CME’s contracts grew to dominate US crypto derivatives trading.

Open interest in crypto derivatives, the total value of active futures and perpetual contracts that traders hold, is currently about $3.96 billion in futures and $984 billion in perpetuals, according to CoinMarketCap data.

Magazine: Move to Portugal to become a crypto digital nomad — Everybody else is



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September 11, 2025 0 comments
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