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Midnight Network Plots NIGHT Airdrop for Users of Bitcoin, Ethereum, Cardano and Beyond

by admin June 23, 2025



In brief

  • Midnight Network will hand out its NIGHT token to holders of Bitcoin, Ethereum, XRP, Cardano, and more.
  • The privacy-focused blockchain will make 100% of its 24 billion tokens available to claimers.
  • Eligible users include those with at least $100 worth of supported assets as of a June 11 snapshot.

Midnight Network, a privacy and data protection blockchain with connections to Cardano, will offer NIGHT tokens to users of Bitcoin, Ethereum, Solana, and other major networks as part of its launch airdrop. 

The protocol revealed its two-token system and “Glacier Drop”—a multi-phase token distribution event—plans in a 45-page tokenomics white paper on Monday. 

“Traditional tokenomic models rely on a single token and require users to spend tokens for every transaction, creating economic uncertainty due to token price volatility,” the paper reads. “Further, their initial token distributions often favor insiders and early investors, concentrating control among a small group while failing to provide the opportunity for broad, meaningful community participation.” 

To combat this, Midnight is providing up to 100% of its NIGHT token supply to its first token distribution phase–the Glacier Drop. During this phase, holders of more than $100 worth of the native tokens behind Cardano (ADA), Bitcoin (BTC), Ethereum (ETH), XRP Ledger (XRP), Solana (SOL), BNB Chain (BNB), Avalanche (AVAX), or Basic Attention Token (BAT) as of a June 11 snapshot will be eligible to claim NIGHT tokens. 



Of the 24 billion tokens available, 50% will be set aside for holders of ADA on Cardano, 20% is allocated to Bitcoin, and the remaining 30% will be split among the other eligible blockchains. 

Though claimable, these tokens will not all be tradable right away, and instead will need to “thaw” or vest in 25% increments every 90 days, for a total of 360 days. 

“During Glacier Drop, claimed tokens are allocated to eligible claimants, but are initially frozen (locked) in a redemption smart contract on the Cardano network, and will not be transferable before they gradually thaw (unlock) during the Redemption period,” the incentive paper reads.

Technically, 100% of the supply could be claimed during the token’s initial distribution phase, though it’s unlikely that all eligible users will claim theirs by the deadline. Cardano’s Charles Hoskinson previously indicated that the airdrop could reach as many as 37 million users when speaking at Consensus 2025 in May, but the token’s documentation does not make mention of the eligible user count. 

Any unclaimed NIGHT tokens will then move into a second phase called the Scavenger Mine.  During this phase, anyone who wishes to participate in the network by providing computational power can earn NIGHT tokens proportionally to the amount of power they provide. 

Last but not least, a final Lost-and-Found phase will allow eligible users from the Glacier Drop phase to claim a portion of their tokens in the event they missed the first distribution phase. Any tokens unclaimed after a four-year period will be allocated to the protocol’s on-chain treasury. 

Midnight Network’s privacy focus uses zero-knowledge proofs to securely allow for the selective disclosure of data, shielding wallets and transaction data while offering secure access to those who need it. 

The network is currently live on testnet. According to a timeline provided in the network’s incentives paper, its mainnet launch would not come until 90 days after the Glacier Drop. In addition to the NIGHT token, Midnight will also utilize a DUST token to execute transactions.

A representative for the Midnight Foundation did not immediately respond to Decrypt’s request for comment on the rollout of the Glacier Drop.

Edited by Andrew Hayward

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June 23, 2025 0 comments
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GameFi Guides

‘Public Good’: Wyoming Plots August Debut for WYST Stablecoin

by admin June 22, 2025



In brief

  • Wyoming lawmakers have been talking about introducing a stablecoin since 2022.
  • The asset, WYST, is now targeted to launch on August 20 during the Wyoming Blockchain Symposium.
  • This week, the U.S. Senate passed the GENIUS Act, which would create a legal framework for stablecoins.

The Cowboy State moved one step closer to issuing its own stablecoin.

The state-backed Wyoming Stable Token Commission said this week that the WYST cryptocurrency’s debut will likely occur on August 20 at the Wyoming Blockchain Symposium in Jackson. 

Wyoming lawmakers have been planning a stablecoin for its citizens since 2022. This spring, lawmakers announced that it was targeted to launch in July and could run across several major crypto networks, including Ethereum, Solana, Avalanche, and Ethereum scaling networks Base, Polygon, Arbitrum, and Optimism.

“WYST is a public good,” Anthony Apollo, executive director of Wyoming’s Stable Token Commission, told Decrypt.

“Our statute dictates that the interest earned on the reserves backing the token will get swept into the School Foundation Fund on a quarterly basis,” he added, referring to the yield the stablecoins produce.

He said that along with the state’s collaboration with crypto interoperability protocol LayerZero, the stablecoin may launch on several networks simultaneously.



Stablecoins are cryptocurrencies designed to be non-volatile, and are typically pegged to the value of US dollars. 

Private companies typically issue such tokens, which have traditionally been used by traders to enter and exit transactions on digital asset exchanges, and run on a number of major crypto networks, or blockchains. 

Now, banks, major companies—including Meta and Amazon, reportedly—and U.S. states are all interested in issuing the crypto tokens, which are supposed to speed up payments using blockchain technology. 

Wyoming’s announcement comes just a few days after the U.S. Senate passed the GENIUS Act, which establishes a regulatory framework for the token and underscores the growing importance of these tokens.

The House of Representatives is now weighing the legislation with President Donald Trump urging passage.

Wyoming has been at the forefront of states supporting more crypto-friendly regulation and the widening use of digital assets. Prominent American crypto exchange Kraken on Friday announced that it was relocating its headquarters to Wyoming capital Cheyenne, acknowledging the state as a “a pioneer in crypto regulation.”

Edited by James Rubin

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June 22, 2025 0 comments
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Castlevania & Devil May Cry showrunner plots Duke Nukem series after acquiring rights

by admin June 21, 2025



The man behind Netflix’s Castlevania and Devil May Cry series has yet another series in the works after buying the rights to Duke Nukem.

Netflix has been fully embracing video game IPs by releasing a slew of animated shows based on them.

The streaming service stunned audiences with Cyberpunk Edgerunners, The Witcher, Arcane, Tomb Raider, and has Splinter Cell: Deathwatch coming later in 2025.

As it turns out, yet another project appears to be in the works. Adi Shankar, the showrunner for Netflix’s Devil May Cry and Castlevania, has revealed he’s acquired the rights to Duke Nukem.

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Duke Nukem adaptation revealed by Devil May Cry showrunner

In an interview with Esquire, Shankar was asked about what he was working on next and explained that he had video games in production with more DMC on the way.

“I’m being approached with different IPs and companies that want to work with me,” he said. “I bought the rights to Duke Nukem.”

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According to Shankar, while he didn’t buy the gaming rights to Duke Nukem from Gearbox, but could be making a movie or TV series instead.

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Gearbox

Shankar already has ideas for Duke Nukem, too. The 90s FPS icon hasn’t had much in the way of media attention lately, especially after the disastrous release of Duke Nukem Forever in 2011.

“It’s a middle finger to everybody,” Shankar said of his vision for his version of Duke Nukem.

“When Duke Nukem blew up, a bunch of people sat around trying to turn it into a brand, when it’s just a middle finger. Duke Nukem can’t be made by a corporation, because the moment a corporation makes Duke Nukem, it’s no longer Duke Nukem. I don’t intend on having anyone tell me what to do on this one.”

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It’s also unclear how this project may impact Legendary Entertainment’s Duke Nukem film after the studio acquired the rights to make a movie back in 2022.

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Netflix

This all said, Duke is still on the backburner as Shankar works on DMC Season 2 and wants to absolutely dominate the competition on Netflix.

“I have goals. I want to body Arcane, surpass it in viewership… Arcane is the Joker lighting cash on fire, and it’s great,” he said. “With season 2 of Devil May Cry, I want to beat that. Show up to a tank fight with a water balloon and destroy the tank. Because that’s cool.”

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June 21, 2025 0 comments
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GameFi Guides

‘Off the Grid’ NFT Sales Heating Up as Avalanche Game Plots Expansion to Steam

by admin May 23, 2025



In brief

  • Off the Grid is migrating players onto mainnet, enabling items to be traded as NFTs. Some are selling for thousands of dollars.
  • The game will expand to Steam in June, despite the platform’s 2021 blockchain game ban, raising questions about crypto feature implementation.
  • Some collectors are holding onto rare items, anticipating sizable demand after promised updates.

Avalanche shooter Off the Grid has slowly started to shift its player base onto the GUNZ mainnet, where they can trade in-game items for GUN tokens. Even with approximately 0.13% of its player base now able to trade items, the marketplace is heating up, with some items going for thousands of dollars’ worth of crypto.

This all comes as the hit battle royale shooter plots its June expansion to PC platform Steam—a marketplace that banned blockchain games from the platform in 2021. That said, Off the Grid is also on PlayStation and Xbox, despite those platforms also apparently not allowing crypto features in games.

Up until this point, all console Off the Grid gamers have been playing the game solely on testnet, meaning that a test blockchain was running behind the scenes but that player-facing features were missing. As a result, they can’t trade their items on the marketplace for GUN tokens, potentially cashing out thousands of dollars for rare guns and more.

Theodore Agranat, director of Web3 at Off the Grid creator Gunzilla Games, told Decrypt this week that the migration to mainnet has first started for only PC players, but eventually all wallets will be on mainnet. How exactly this will work with crypto features has yet to be revealed, given that they’re prohibited by Steam and still M.I.A. in PlayStation and Xbox games.

Eagle-eyed players have spotted that the official Steam listing for Off the Grid claims the game will have an in-game marketplace, possibly referencing functional crypto features.

At the time of writing, there are just shy of 16.5 million wallets on the GUNZ testnet, a dedicated Avalanche L1 network created to support Off the Grid and potential future games. Meanwhile, there are just 21,000 players on the mainnet—approximately 0.13% of its player base.

Its no surprise that @playoffthegrid is the first game with blockchain components on consoles.

That it would be the FIRST game with blockchain components on STEAM.

Gunzilla moves different.

This will be studied for generations. pic.twitter.com/Iit6kCscDv

— meatport (@meatportmusic) May 21, 2025

Even with such a small amount of players being able to transact on mainnet, already there have been some sizable trades. A Prankster tactical vest sold for $2,393 last week, a ZipperMouth mask was shifted for approximately $1,100, and a Convict chest rig traded hands for more than $500. 

These items are super rare, with the community believing that less than 300 ZipperMouth masks were ever minted, but Gunzilla “reserves the right” to reissue both ZipperMouths and Convict gear—Agranat explicitly told Decrypt that Convict gear will “absolutely” be released in the future. 

As such, skin collectors now see the Pioneer items—which were handed out in the first OTG Pro subscription and will not be re-released—as likely the most rare set in the game. Avid skin collector MoneyMagician reported that this has led to a lack of Pioneer items being listed on the marketplace. 

🚨 Notable OTG Mainnet Sales (Past 24HRS):

🧥 Prankster Vest – $2,393 🔥🔥

🧥 Player Zero Vest – $439

🚀 2x Player Zero Jetpacks – $273 & $301 pic.twitter.com/IZJEHai2bC

— meatport (@meatportmusic) May 18, 2025

This has also been the case for the Kestrel Legacy, a gun that had modified stats in the closed play test but were discontinued, and now is effectively an ultra-limited skin of the stock gun. There are other Legacy weapons, as well as Retro weapons, however the Kestrel Legacy is the most hyped due to its importance to the game’s lore.

MoneyMagician explained that players expect an update is coming for these weapons, which would include a reskin and a deepening of the lore behind the items. This update is what the skin collector anticipates will kick-start the first batch of five-figure NFT sales. For this reason, he said most collectors plan to hold onto their rarest items for now, expecting demand to explode.

“I think when we see sales of five figures, the FOMO will kick in hard, triggering a flywheel,” MoneyMagician told Decrypt. “[The update] would cause new waves of hype and attention onto them, and surely their price will rise along with market volume.”

Agranat declined to offer any additional information on the progression of this update, adding that the mainnet rollout is Gunzilla’s main priority for now.

For now, Prankster items are the most sought-after items despite being marginally less rare than the Pioneer set; Prankster was released in the second battle pass in the closed play test, while the Pioneer was the first one. MoneyMagician believes this is because, well, the Prankster set simply looks cooler.

Over the past 24 hours alone, according to OTG DegenRadar, two Prankster Woodpecker guns have sold for approximately $600 and $570 as well as a pair of Prankster shades for $467. On Tuesday, a Prankster Mask sold for $1,008. But none of those sales compare to the Prankster tactical vest, which commanded a whopping $2,393 last week.

“Rarity isn’t always what sticks, but [rather] what the community feels the most compelled with,” MoneyMagician explained. “The Pioneer set is green, a very showy color, making it hard to splash on just some shorts or a vest to make it look good. But the Prankster, it looks amazing. Gives this Joker vs Batman rivalry feel.”

Edited by Andrew Hayward

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May 23, 2025 0 comments
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