Axie Infinity Loses $600 Million

Axie Infinity Loses $600 Million

Play To Earn Games | 09 Mar 2024 10:06 UTC

Axie Infinity Loses $600 Million in one of the Biggest Crypto Heist Ever.

One of the biggest hacker heists to date took place against crypto gaming where the hackers took off with $600 million. The victim this time is the biggest success story of blockchain crypto gaming; Axie Infinity.

Axie Infinity Loses $600 Million - Hack Attack
Axie Infinity Loses $600 Million - Hack Attack

Crucial

As Sky Mavis explains, the unknown attacker was able to breach Sky Mavis' systems and gain full access to four validator nodes that the company controls. The attacker was then able to use a leftover backdoor in those nodes to gain control of another validator controlled by the decentralized Axie DAO.

The news surfaced when the gaming-focused blockchain Ronin Network announced that Axie Infinity exploits allowed a hacker to “drain” approximately $600 million worth of cryptocurrency from the network.

“There has been a security breach on the Ronin Network,” the statement by the company read. “Earlier today, we discovered that on March 23rd, Sky Mavis’s Ronin validator nodes and Axie DAO validator nodes were compromised resulting in 173,600 Ethereum and 25.5M USDC drained from the Ronin bridge in two transactions,” the statement continued.

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The heist was done using hacked private keys to initiate fake withdrawals and the rest was explained by the company. Hackers hacked the validator nodes of the Ronin Bridge. According to Ronin, “the attacker found a backdoor through our gas-free RPC node, which they abused to get the signature for the Axie DAO validator.”

The game runs on the computers known as nodes operated by the creators of Axie Infinity, Sky Mavis. The hackers attacked the Ronin Bridge and stole 173,600 Ether and 25.5 million USDC tokens in just two transactions.

The breach in the network took place on March 23rd but the authorities came to know about it yesterday.

The bridge which lets people convert tokens into cryptos that can be used on other networks was attacked by the hackers. This unfortunate and one of the biggest crypto heists has once again raised questions on the security concerns of bridges.

The codes that run on bridges are often unaudited making it easier for hackers to exploit them.

Moreover, the overall processing and functionality that takes place in a ‘bridge’ are replete with questions.

Axie Infinity Loses $600 Million - Hack Attack
Axie Infinity Loses $600 Million - Hack Attack

Identities of validators who initiate transactions on bridges remain anonymous. Despite insecurity and several questions about a bridge’s working, hundreds and thousands of bridges out there where valuable cryptocurrency is present.

After the hack, Ronin blockchain’s token also lost its value and took a hit of 22%. AXS token of the game Axie Infinity dropped by 8.5%.

Gaming News - Video Game Consultant - Reinout te Brake
Gaming News - Video Game Consultant - Reinout te Brake

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BitBots - Game Review

BitBots - Game Review

"BitBots" is a Non-Fungible Token (NFT) metaverse blockchain game on Ethereum in which players can create their own bots by combining bits and pieces. This game offers a unique and engaging gaming experience for players. "BitBots" is a game that allows players to trade, collect, and mint their own personalized bots. The bots are created using a random combination algorithm with 600,000,000 possible combinations, offering a wide range of customization options. However, the minting process has a cap, which adds an element of rarity and value to the bots. Players can have fun collecting, trading, and creating their own unique bots in "BitBots." BitBots Gameplay: By minting a bot, you will obtain a combined bot made up of a haphazard collection of leftover bot parts from the junkyard. Each bot is created at random on the Ethereum blockchain and can be bought, sold, and traded there. You can combine your favorite elements from each bot after gathering at least two of them to create a new one! From a collection of 29 bots created by 7 different artists. You can create a bot by selecting a head, a body, two arms, and two legs. These randomized bits come into existence via the blockchain, After that, they get coding to create your individual bot. Only 2048 of the over 600 million conceivable combinations will ever be produced. Additionally, some robot parts are harder to come by, making them rare.

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Antebellum: Fusion of Fantasy Gaming and Crypto NFTs - Game Review

Antebellum: Fusion of Fantasy Gaming and Crypto NFTs - Game Review

Remember the days when gaming was just about scoring points or defeating a pixelated boss on a screen? Well, hold onto your hats, because Antebellum is about to redefine your gaming experience. Imagine a game that not only captivates you with its fantastical storyline but also introduces you to the cutting-edge world of crypto non-fungible tokens (NFTs). It's like stepping into a new dimension, where the thrill of gameplay merges with the innovative technology of the digital age. This is what "Antebellum," set on the enchanting planet Valeria, offers to every player, whether you're a seasoned gamer or a curious newbie in the world of crypto NFTs. The World of Antebellum: A Fantasy Realm Unveiled: The Lore of Valeria. Once upon a time, in the vastness of the universe, a celestial being named Gaia searched for a place to call home. This search ended on Valeria, a planet so breathtaking that Gaia decided to settle there. But as time passed, loneliness crept in, leading Gaia to create the Valerians - creatures with formidable natures and powers. However, not all tales have happy beginnings. The Valerians, driven by their inherent power struggles, plunged the planet into chaos and bloodshed. This turmoil gave birth to the Heroes/Conquerers, Gaia's answer to the corruption spreading across her beloved Valeria. Setting the Scene: Imagine a world where every corner of the landscape brims with life and mystery. Valeria is not just a backdrop; it's a character in its own right. Its beauty lies not just in its visuals but in the stories that unfold within it. As a player, you're not just passing through; you're part of this world, shaping its destiny with every decision you make. Gameplay Mechanics: Where Fantasy Meets Reality: Modes of Play. "Antebellum" isn't just a one-trick pony. It offers a variety of gameplay modes - from story-driven adventures and competitive PvP battles to custom matches and epic faction wars. Each mode is designed to cater to different playstyles and preferences, ensuring that there's something for everyone. The NFT Twist Now, let's talk about the real game-changer - NFTs. In "Antebellum," the Valerians you command are not just digital characters; they're tradeable NFTs, each with unique designs and abilities reflecting the diverse land types of Valeria - Fire, Electric, Rock, Water, and Grass. Plus, there are 10 legendary lands in the NFT collection, adding another layer of rarity and value to your gameplay experience. Building on Unity A smooth gaming experience is non-negotiable, and that's where Unity, the real-time development platform, comes in. It ensures that "Antebellum" runs seamlessly on mobile platforms, providing an immersive experience without the lag. The Ethereum Connection Antebellum is built on the reliable and secure Ethereum network. This not only enhances the game's functionality but also provides a stable foundation for its marketplace, where players can buy, sell, and trade their in-game items with ease and security. Tokenomics: The Currency of Valeria In the world of Antebellum, the in-game currency is $VAL, initially capped at 250 million. It serves as both the governance and utility token, earnable through various in-game activities like tournaments and PvP battles. These tokens are not just numbers on a screen; they hold real utility in the game's marketplace, allowing you to trade NFTs and other items. It's a system that rewards skill and strategy, giving players a sense of achievement that goes beyond the game. Conclusion: A Game for Everyone "Antebellum" is more than just a game; it's a doorway to a new era of gaming where fantasy, technology, and community come together. Whether you're a hardcore gamer or someone intrigued by the potential of NFTs, "Antebellum" offers a unique and engaging experience. It's a world waiting to be explored, battles to be won, and stories to be told. So, are you ready to embark on this journey? Welcome to Valeria; your adventure awaits!

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Avaxtars: Play-to-Earn Sci-Fi Game on Avalanche Blockchain

Avaxtars: Play-to-Earn Sci-Fi Game on Avalanche Blockchain

Avaxtars, a pioneering Play-to-Earn (P2E) idle sci-fi game built on the Avalanche blockchain, has officially launched. The name "Avaxtars" cleverly combines "AVAX," the primary coin of the Avalanche network, with "stars." This groundbreaking game is the first of its kind on the Avalanche platform, and it began with the creation of 10,000 Avaxtars in Phase 1. These Avaxtars, belonging to Generation 1 (Gen1), each possess a unique Digital Genetic Code (DGC), ensuring their individuality. They are further categorized into rarity levels, ranging from Common to Legendary, and they exist as ERC-721 Tokens on the Avalanche Mainnet. Avaxtars introduces the Personal Avaxtar Generation Machine (PAGM), which deciphers the DGCs of Gen1 Avaxtars and produces new Gen2 Avaxtars through a process known as Avaxtar Farming (AF). This method not only creates new Avaxtars but also generates $AVXT Tokens. Players in this dynamic game engage in a variety of missions to earn rewards and experience points, with missions distributed across four distinct sections. To embark on these missions, players must expend resources, and upon mission completion, they receive valuable rewards. Every Avaxtar in the game is a unique NFT asset exclusively owned by its possessor. These Avaxtars can be freely traded, bought, or sold on different marketplaces. There is a wide variety of Avaxtars available, featuring different generations, Digital Genetic Codes (DGC), and rarity levels. Rarity plays a crucial role in determining an Avaxtar's circulation and success potential. Initially, only a hundred out of the ten thousand Avaxtars possessed legendary rarity, while common rarity accounted for nearly half of them. In addition to Avaxtars, in-game items are also NFT assets characterized by distinct rarity levels, including helmets, armor, gloves, boots, weapons, and vehicles, available in common, uncommon, rare, epic, and legendary variants. The rarity of these items directly influences their effectiveness during in-game actions, similar to Avaxtars' mechanics. Avaxtars introduces a trio of in-game tokens: AVXT, DGC, and ENXT, each serving distinct purposes and forming the game's essential ecosystem. AVXT serves as the cornerstone token, facilitating transactions within the marketplace and enabling the acquisition of PAGM devices, BoxDrop feature boxes, and various in-game assets. Notably, AVXT is the primary means to enhance the efficiency of PAGM devices. The game has garnered positive feedback from the community, with players expressing excitement about the Play-to-Earn aspect and the arrival of Avaxtars. It has generated significant interest among blockchain gaming enthusiasts, who see it as a promising addition to the world of blockchain-based games.

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Splinterlands: Dive into the Ultimate Card Battle Metaverse! - Game Review

Splinterlands: Dive into the Ultimate Card Battle Metaverse! - Game Review

Splinterlands is a dynamic and rapidly expanding trading card game set within a continually growing metaverse. This thrilling game allows players to assemble, trade, and engage in battles using their personalized decks, comprising an assortment of monsters, spells, and special abilities. With its high-speed gameplay and a diverse selection of gaming modes, Splinterlands caters to both seasoned trading card game enthusiasts and newcomers. NFTs in Splinterlands: The game employs non-fungible tokens (NFTs) to represent digital cards during intense battles among players. This unique combination of fast-paced action and NFT integration distinguishes Splinterlands as a one-of-a-kind and exhilarating gaming experience. As the game continues to expand and develop, players can eagerly anticipate the addition of more content and features, making it an ever-evolving and captivating choice for gamers. Gameplay and Objectives: In Splinterlands, players aim to accumulate the highest number of points by vanquishing opponents and completing objectives. This ever-expansive and fast-paced metaverse trading card game provides players with the opportunity to trade at their convenience, engage in battles with adversaries, and earn real money with each victory. With its wide array of game modes and continuously evolving content, Splinterlands offers limitless entertainment and challenges suitable for players of all skill levels. The game presents an opportunity to become a top player and earn substantial rewards. NFTs in Splinterlands: Splinterlands employs non-fungible tokens (NFTs) to represent digital cards, creating a distinct metaverse for players to engage in battles. Set within a world characterized by blood and power, participants must vie for control and survival by harnessing primal energies and diverse manas. The game offers a fast-paced gaming experience with a variety of game modes to select from, immersing players in an exhilarating environment. In-Game Tokens: New players can enter the game with a relatively low investment of $10, acquiring a spellbook to begin their journey. Splinterlands utilizes its native token, SPS, and operates on Hive blockchain technology. Additionally, it features DEC (Dark Energy Crystals), an in-game currency that players can use to purchase in-game assets. The game's standout feature is its quick battles, which require minimal time commitment compared to other games. Furthermore, Splinterlands undergoes constant development and expansion, boasting 500 cards and over 64 associated abilities as of the latest update. Accessibility for All Players: Splinterlands is designed to offer an equitable gaming experience for both novices and seasoned players. Newcomers can earn new cards and tokens by completing quests, participating in ranked matches, or joining tournaments. The game's digital cards can be traded on a secondary market and subsequently converted into cryptocurrency, enabling players to reap real-world rewards for their in-game achievements. Founded in 2018 by Matthew Rosen and Jesse Reich with initial funding of $3.6 million, Splinterlands has evolved into a popular and exhilarating gaming venture, providing players with the chance to collect and trade digital cards while earning tangible rewards.

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Arlequin - NFT Game Review

Arlequin - NFT Game Review

Arlequin is a one-of-a-kind NFT game that allows players to showcase their painting skills and potentially win NFTs and cryptocurrency. Using what they call the "Paint to Earn" approach, Arlequin aims to provide players with the opportunity to earn rewards by utilizing their creative talents. Whether you are an experienced painter or simply enjoy dabbling in the arts, Arlequin is a game that offers something for everyone. Its unique approach to NFT gaming and focus on creativity make it a must-try for anyone interested in showcasing their skills and potentially earning rewards. Arlequin is aiming to provide free painting competitions each month, giving members of the community the chance to participate and showcase their skills to the crypto community. These competitions are sure to be exciting for those who enjoy competition and are looking for an opportunity to demonstrate their artistic abilities. Whether you are an experienced painter or simply enjoy trying out new creative pursuits, Arlequin's painting competitions are an excellent opportunity to get involved and have fun. Arlequin Operations: Arlees are charming 3D animals that inhabit the Arlequin Metaverse and can be purchased as Flow Blockchain-powered non-fungible tokens (NFTs). One of the unique features of Arlequin is the ability to use your web browser to paint directly on the Arlees, providing a level of customization not found in other blockchain NFT-based games. This allows players to truly make their Arlees their own and, with the right level of artistic skill, potentially make a profit. Whether you are an experienced artist or simply enjoy expressing your creativity, Arlequin is a game that offers something for everyone.

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Step App - Game Review

Step App - Game Review

Step App is a NFT-based move-to-earn game that turns fitness goals into income, social Joy, and friendly competition. Step is the first app on the FitFi development protocol that was created by the core team. The FitFi market is built on the Step App. The early mover advantage guarantees that the protocol and SDK can become the industry standard, enabling the FitFi economy with a mighty meta-verse and technological stack. The fitness industry is becoming gamified thanks to Step App.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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