Search Results for: GAMI

Hooked Protocol, running on the BNB Smart Chain, is innovating on crypto education by combining gamified learning with blockchain technologies. It aims to bridge the gap between new users and Web3 through a learn-and-earn mechanism, aiding blockchain adoption. Critics argue, however, for integration of education with seamless, adaptable infrastructure. Hooked Protocol directly addresses this, offering integrated infrastructure solutions and tools like a decentralized login process and user growth engine.

“Wreck League”, a new NFT-based game is set to launch by the house of Animoca Brands and its subsidiary, nWay. The game allows players to create mech characters from collectible NFT components. It will also include a free-to-play Web2 version accessible across multiple platforms, and also provide the opportunity for players to compete for on-chain valuables.

“Facebook’s Meta invests heavily in the metaverse despite losses, while in the blockchain gaming space, Alchemy: Battle for Ankhos integrates cryptocurrencies and AI. Meanwhile, Ultra, a crypto gaming startup, builds a tournament platform with its blockchain network for the thriving eSports industry.”

Bandai Namco, in partnership with startup Attructure, launches AI-powered virtual pet game RYUZO, featuring digital creatures or RYUs on the blockchain network, the Oasys Network. The game employs use of ‘Soulbound Tokens’, ensuring uniqueness and prohibiting unauthorized transfers, and furthermore offers potential for trust-building within the Web3 community.

“New Bitcoin City, a recently launched platform, uses Bitcoin to create games, conduct NFT auctions and operate a marketplace. Further expanding Bitcoin’s utility, developers have leveraged BRC-20 standards to issue tokens and create DeFi applications, extending Bitcoin’s impact beyond just a digital currency.”

Meta’s new strategy for its Horizon Worlds platform involves nurturing an in-house VR game studio, Ouro Interactive, to create pioneering first-party titles. Aiming for broader appeal, Meta plans to introduce Horizon Worlds to mobile gamers globally, transforming the platform from VR-exclusive to VR-predominant. This move targets users without VR headsets and enables cross-platform play. Despite recent financial losses, the company remains optimistic about AI and metaverse as focal priorities.

“The entrance of Web3 into the gaming industry, particularly with blockchain gaming, presents a mix of anticipation and skepticism. Simon Davis, CEO of Mighty Bear Games, sees the potential for player-owned economies underpinned by digital property rights. However, achieving Web3 dominance requires addressing user education, especially regarding private key holdership, and enhancing mobile-driven adoption.”

“Sky Mavis plans to develop a new game with CyberKongz, aiming for a more extensive gaming ecosystem on the Ronin blockchain. Despite setbacks in the play-to-earn model and declining interest in blockchain gaming, there are hopes for a revival. The success of these plans must overcome current blockchain gaming challenges.”

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.

Prominent esports players including Dota 2’s Erik Engel express optimism about the potential of blockchain integration in the gaming industry, seeing it as a way to enhance players’ experiences beyond mere entertainment. However, skepticism persists among some traditional gaming entities, even as others believe that the adoption of blockchain and Web3 technologies in gaming is inevitable and could revolutionize the industry.

Binance Labs has committed $15 million to support Xterio, a rising Web3 game platform and publisher, intensifying its push for innovation in game and technology development. Despite regulatory scrutiny, Binance Labs continues investing in promising firms, aiming to expand Xterio’s AI-driven interactive experience and produce quality gaming assets. The investment further integrates Xterio’s token into the BNB Chain ecosystem, illustrating the investment potential in AI-empowered Web3 gaming.

Google Play Store has started to allow games featuring nonfungible token (NFT) integrated rewards on its store, owning to relaxation in its stance towards blockchain-based apps. However, developers are restricted from glamorizing potential monetary earnings or allowing gambling with loot boxes.

Blockchain gaming startup Spielworks has partnered with Mycelium Network to create a refundable Non-Fungible Token (NFT) program. The NFTs, named “Reverties”, allow gamers to receive full refunds in USD Coin through a new minting mechanism. Additionally, interest from the decentralized finance lending pool contributes to environmental causes. However, potential challenges include the sustainability of the program and uncertainty over user reception of the new minting process.

The blockchain-enabled fitness app, STEPN, is expanding its reach with a new Web3 game, ‘Gas Hero,’ which uses NFTs and decentralized elements, including community voting. The game, set in a post-apocalyptic world, was created by Find Satoshi Lab and focuses on “Battle and Earn” strategies.

“Shibarium, a highly anticipated layer 2 blockchain, is set to go live. Designed to alleviate congestion and reduce scaling issues, it will consolidate multiple off-chain transactions into one ‘layer 1’ transaction. Shibarium has tested well, with around 20 million transactions from approximately 16 million wallets. Emphasizing gaming and metaverse applications, Shibarium could be pivotal for the Shiba Inu meme coin’s evolution.”

“The potential incorporation of blockchain in gaming could fuel an exciting GameFi sector where the lines between blockchain users and gamers blur. Yet, the successful integration so far remains a challenge – both technically and from a user’s standpoint. Real, immersive blockchain games may unlock mass adoption. Future models should move past speculative motives and build stellar games leveraging the technology’s unique features.”

Mythical Games, a Web3 game studio, recently raised $37 million in a Series C1 funding round led by Scytale Digital, with participation from ARK Invest, Animoca Brands, and others. The company focuses on NFT-based games like NFL Rivals and is working on integrating more Web3 elements and educating players about tradable assets.

Web3 gaming studio Mythical Games recently raised $37 million in the first part of their Series C extension round, reaching a $1.25 billion valuation. The firm plans to optimize its business model, enhance infrastructure, and launch new games in 2023.

Web3 gaming studio Pixion Games raised $5.5 million in seed funding for its blockchain-based game Fableborne, backed by prominent investors like Avalanche Foundation. The action-based RPG operates on the Avalanche network, featuring on-chain assets. Fableborne showcases the potential of crypto gaming despite a highly competitive market and current crypto investment slowdown.

Bling Financial offers mobile gamers a chance to earn small amounts of Bitcoin or Ethereum while playing games like Sweet Bitcoin or Ethereum Blast. This innovative approach bridges the gap between gaming and crypto communities, introducing a new demographic to cryptocurrencies and increasing adoption.

Web3 gaming, currently at a critical crossroads, must prioritize game quality, sustainable economies, engagement, and fun to succeed like the mobile gaming market. Enhancing game quality, building sustainable economies, increasing engagement, and crafting fun games will elevate Web3 games and dismantle stigmas.

Glover suggests Web3 content creators should focus on existing social platforms and avoid complex NFT terminology to maintain audience engagement. Decentralized streaming platforms may present an alternative solution for creators dissatisfied with centralized platforms like Twitch, providing more control over communities.

Mass adoption of Web3 is approaching through entertainment, loyalty, and gaming sectors, with NFTs revolutionizing ticketing, fan engagement, and in-game assets. Traditional industries like finance are venturing deeper into the market as adoption subtly transforms the digital landscape.

The TFS Token native to Fairspin casino, built on blockchain technology, offers transparency, unique earning possibilities through staking programs, and dual compatibility with Ethereum and BNB Smart Chain networks, setting it apart from other iGaming assets.

NFL Rivals, a free-to-play game from Mythical Games, stands out with its integration of Non-Fungible Tokens (NFTs) as player cards. Garnering over a million downloads and reaching top spots in app stores, the game successfully introduces users to Web3 and NFT concepts, highlighting the potential of NFT integration in mainstream games and shaping the future of crypto gaming.

Bitcoin payments startup Zebedee has launched ZBD, a feature in its Android app that rewards players with small amounts of Bitcoin for playing over 100 eligible mobile games, due to a partnership with advertising platform Adjoe. The integration of cryptocurrency rewards showcases the potential for blockchain technology and cryptocurrency markets to become prominent in the gaming industry, while also raising questions about the long-term financial viability for players.

The blockchain-based trading card game Gods Unchained recently launched on the Epic Games Store, introducing its unique blend of NFTs and Ethereum layer-2 technology to 230 million customers globally. This partnership may signify further adoption and integration of blockchain gaming within mainstream platforms amid ongoing skepticism and regulatory challenges.

Yuga Labs announces HV-MTL Forge, a workshop-building game centered around Bored Ape Yacht Club’s robot NFTs, set to launch on June 29. Owners of Sewer Pass NFTs can access the Forge game, where they customize workshops to secure community votes. The game builds upon the success of Yuga Labs’ controversial Dookey Dash, which generated $110 million in NFT trades.

Fortnite recently announced a collaboration with Nike and its NFT-driven .Swoosh Web3 platform. The partnership, “Airphoria,” allows in-game Nike-branded experiences in Fortnite Creative Mode. Users can participate in a Nike sneakerhunt and earn a free in-game accessory.