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“Web3 gaming, a blend of video gaming and blockchain technology, is revolutionizing the gaming scene with aspects like decentralization, true ownership, and community. Innovations such as play-to-earn, NFTs offer a respite from Web2 monopoly. However, the fast-paced progress of Web3 gaming requires keeping up with promising projects in the blockchain-oriented gaming ecosystem.”

The National Bank of Georgia (NBG) is intensifying its efforts on a digital lari central bank digital currency (CBDC) and conducting a live pilot project involving nine firms including Ripple Labs. The envisioned CBDC design includes features like programmable money, asset tokenization, agricultural insurance provision, and real estate transaction automation. Despite potential concerns around monetary freedom, the project symbolizes the promising future of blockchain technology.

The objective of Krafton’s Web3 journey with blockchain project Settlus is to offer content creators a transparent payment platform. A potential metaverse project, Migaloo, allows creators to monetize their digital content through non-fungible tokens (NFTs). However, developers must strike a balance between engaging gameplay in the Web3 space and monetization to build a larger user base.

K-pop sensation Blackpink has joined forces with Roblox and metaverse studio Karta to create ‘Blackpink: The Palace’, an online event providing fans with immersive, music-centric experiences. The Palace offers fans opportunities to interact with digital avatars, mine crystals, participate in Blackpink-themed parties, and purchase custom outfits. This novel integration of music and virtual realms signifies the expanding influence of metaverse platforms within the music industry.

The community-operated “Satlantis” server in Minecraft now allows players to earn Bitcoin through in-game tasks, showcasing blockchain technology within mainstream gaming. However, this highlights both skepticism and enthusiasm for the convergence of blockchain and gaming, suggesting an untapped frontier for innovation.

“The Graph is a decentralized indexing system that simplifies the development of decentralized applications (DApps). Using a protocol and open-source APIs called “Subgraphs”, it arranges blockchain data, enhancing the speed and efficiency of data retrieval. Despite offering revolutionary prospects for data exchange, it requires staking GRT tokens, posing potential financial risks.”

The Web3 game Outer Ring MMO, developed by Maniac Panda Games, aims to bridge the gap between mainstream gaming and blockchain technology. Integrating familiar gameplay elements and a user-centric economy, it allows players to create, trade, and monetize in-game assets as NFTs, reaching a broader audience in the Web3 gaming space.

Major game studios are embracing blockchain networks, cryptocurrency, and NFTs in response to the gaming world’s shift to Web3 technologies. Asian companies like Square Enix, Nexon, and Krafton lead the way, while skepticism and resistance among gamers pose challenges to integration.

Blockchain-based gaming is booming, with Last Remains, a triple-A Web3 multiplayer battle royale zombie game, raising $4.75 million from major crypto investors. A partnership with Cointelegraph Accelerator highlights its focus on high-quality gameplay and the expertise of its developers from top gaming companies.

Anchorage Digital integrates the off-chain, gasless multi-governance client Snapshot, allowing its token-holding community to participate in governance proposals without hefty gas fees. This move aims to bring convenience and accessibility to users amid growing cryptocurrency popularity, while sparking debates over balancing convenience against decentralization and security guarantees.

BlockGPT, a Web3 company, aims to create a decentralized AI chatbot with a tokenized reward system. The launch introduces two tokens, BGPT and AIBGPT, built on PancakeSwap, and offers users NFTs and token prizes for engagement in chat sessions.

This article debates the metaverse’s future, as some claim it has run its course and been abandoned by businesses, while others like Tim Sweeney argue that there are still 600 million monthly active users across platforms, and tech giants continue investing in its potential.

Epic Games CEO Tim Sweeney humorously defended the Metaverse’s future, countering an article claiming its decline. Noting the vast active user base across platforms and major corporations’ development and investment within the Metaverse, Sweeney’s optimism stands firm.