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Investors Pour $12M into Sonic, the L2 Blockchain
Sonic, a second-layer gaming blockchain built on Solana, has raised $12 million in its latest funding round, reaching a diluted valuation of $100 million. Prominent venture firms like Bitkraft Ventures, Galaxy Interactive, OKX Ventures, and others participated in the investment. Neoclassic Capital Enters the Crypto Investment Arena
Michael Busella and Steve Lee, with storied careers at Goldman Sachs and BlockTower, introduce Neoclassic Capital, an investment company targeting the digital asset landscape. Their strategic focus spans tokenization to gaming and social networks, covering a broad spectrum from emerging startups to established public firms. In the Shadow of Sakura: Japan's Untapped Liquidity
Director Ryo Matsubara of Japan's GameFi project, Oasys, stood as the voice of the blockchain community in discussions with the governing Liberal Democratic Party. These crucial talks, held with the LDP's Web3 Project team, tackled the intricacies of Japan's blockchain gaming industry. PlayDapp Endures Double Hack Disaster
PlayDapp, the cryptocurrency gaming platform, is reeling from a massive $290 million token loss following two hacking incidents in just one week. The initial breach was on February 9, where a hacker managed to mint 200 million PLA tokens, valued at $36.5 million, presumably by cracking into the developers' private key. 
Treasure Considers Switching to ZKsync
Treasure DAO, which is set to launch its own gaming network, is considering migrating to the Layer 2 blockchain ZKsync instead of Arbitrum, citing a more suitable infrastructure for decentralized games. A vote is scheduled for September 17 to allow users time to discuss the proposal. ZKasino Pledges to Return Client Assets
Gaming project ZKasino has initiated a 72-hour registration window for anyone wishing to return their ZKAS tokens and reclaim their ETH investments. Following this period, the developers will verify and publish a list of wallets eligible for an ETH refund to facilitate community discussion. A New Virus Targets the Cryptocurrency of Cheaters
A newly discovered computer virus specifically targets gamers who buy and use cheats, aiming to pilfer their login details and crypto holdings. To date, it has compromised over 4.9 million gaming accounts and an indeterminate amount of cryptocurrency. 
Ethereum’s TPS Hits New All-Time High
The Ethereum ecosystem, including its L2 and L3 blockchains, has set a new record for transactions per second at 245 TPS. A significant portion of this achievement, nearly 50% or 101 TPS, was contributed by the relatively new gaming-focused L3 blockchain, Xai, even though its total value locked (TVL) is less than $2 million. VR Games: Which One to Choose?
The launch of accessible VR headsets has ushered in a new era for developers: the ability to craft games for virtual and mixed realities, as well as to retrofit beloved multimedia apps for 3D gaming needs. Let's explore a handful of standout projects that VR gamers should not miss. 
Web3 Gaming Developer Wemade Under Scrutiny
South Korean prosecutors have launched an investigation into Wemade, a developer of Web3 games with a market capitalization exceeding $1 billion. The company is suspected of failing to register officially as a virtual asset service provider, thereby allegedly violating local laws and gaining unfair profits over an extended period.