(Loot Labs Press Image) A Seattle firm raised $1.5 million and launched a new platform for digital collectibles, bringing the “loot box” mechanic from video games into the NFT space.

"Loot boxes" are mystery boxes in a video game that pay out prizes or other items for in-game use. Players can earn loot boxes, but often purchase them with real-world money.

In PS games, loot boxes can be purchased using real money or in-game currency as well. Upon opening, the player receives random items that could be cosmetic (such as skins and avatars) or ...

Loot boxes, which were removed when the game went free-to-play in 2022, faced controversy both in the United States and worldwide, and even prompted the Federal Trade Commission to host a workshop ...

‘Loot boxes’ in video games could be giving kids a gambling problem December 10, 2018 - 1:30 pm. Image by: Shutterstock. The number of children ...

For that dig above about free-to-play games seeing anything less than 1% being the same, I first went looking for Diablo Immortal's loot box odds disclosures because they've been mandated on the ...

"Counter-Strike" raked in nearly $1 billion last year from loot boxes — cases that players can purchase containing random items of varying value — a controversial feature some regulators liken ...

Loot boxes are virtual items that players can buy in video games. They are typically offered as optional microtransactions, allowing players to spend real or in-game currency to obtain these boxes ...

Video games popular among kids would be prohibited from offering “loot boxes” or randomized assortments of digital weapons, clothing and other items that can be purchased for a fee, under ...

Marred by loot boxes at launch, Andor has helped the shooter come roaring back With brand new hardware in hand, we’re taking a look at a couple of exciting new games, as well as some recent hits ...

Australian Government Wants To Give 18+ Ratings To Any Game With Gambling Outright gambling will get an adults-only rating, while loot boxes will be rated M By Luke Plunkett Published March 29, 2023 ...

Loot boxes, which can be bought or offered as rewards for achieving certain goals within a game, also have come under fire over concerns that they encourage addictive behavior, especially by children.