Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

Read Daily: The Latest Crypto, NFTs, Web3, Blockchain, and Play-to-Earn News

Stay in the loop with our daily gaming news! Discover the latest in blockchain tech, play-to-earn games, NFTs, Web3, and metaverse gaming, keeping you on top of crypto gaming trends.
GALA Games And The P2E Gaming Sector

GALA Games And The P2E Gaming Sector

In February, GALA Games experienced remarkable growth, with its value surging by 117%, defying criticism from mainstream sources. Despite challenges in the cryptocurrency and NFT markets, the play-to-earn (P2E) gaming sector demonstrated its resilience, with certain P2E games maintaining their economic systems amid the crypto market downturn.GALA Games, a prominent player in the P2E sector, has been a standout success. GALA enables players to have control over P2E games, gameplay mechanics, and in-game assets through blockchain technology. According to data from Cointelegraph markets pro and Tradingview, GALA's price increased by 117% from its low of $0.177 at the beginning of the month, reaching a peak of $0.384 on February 7th.Several factors contributed to this substantial increase and recovery. The P2E gaming sector is experiencing steady growth, with numerous new projects being launched, including GALA's support for upcoming titles like Spidertanks and Legends Reborn. The company's expansion into new ventures and partnerships also boosted investor confidence. Gala Games partnered with the 888innercircle community on Twitter, which comprises over 205,000 members interested in NFTs and digital collectibles. Additionally, GALA teamed up with Betwixt, a mental health gaming application, with Gala committing $1 million in funding.GALA's dynamic ecosystem, characterized by innovative user approaches, played a significant role in attracting more users. The introduction of new avenues for earning yield through gameplay and running Gala nodes contributed to the steady growth in user numbers. As of February 7th, the number of GALA users had tripled to reach 122,230, a substantial increase compared to the count on November 7th. This impressive performance underscores the resilience and potential of both GALA Games and the broader P2E gaming sector.

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Axie Infinity changes economics

Axie Infinity changes economics

Axie Infinity Deploys Desperate Changes to its Resuscitate its Limping Economy.Axie Infinity, the torchbearer of P2E, decides to implement a few changes to its economic model after plunging stats of its token price, NFT valuation, and trading volume. After its astronomical popularity last year, this is the first time the game suffers a decline in popularity.Axie Infinity changes its economic systemThe Ethereum based game enjoyed massive success last year and racked up almost $4 billion in NFT trading volume.However, things went south lately for Axie Infinity as its token and NFT values took a downfall. The plunging values of the game have put the entire play-to-earn model into question. Assessing the failing economy of the game, the creators of Axie Infinity have decided to introduce changes designed to bring the game economy back to life.The prime change is related to SLPs where the game will reward fewer SLP tokens. Moreover, the game will focus more on online arena battles and their rewards. The changes will go live with the game’s 20th season on both mobile and PC.As of now, Axie Infinity requires a player to buy its NFT assets which are known as Axies. To begin playing the game, a player needs to buy at least three of these NFTs. The player then earns by breeding and battling monsters which yield token rewards.The P2E model of Axie Infinity also resulted in community-based scholarship programs. These scholarship programs worked in third-world countries where NFT asset holders rent Axies to players in return for a cut in token rewards. This scholarship program also played a massive role in Axie Infinity’s success last year.Axie Infinity changes its economic systemHowever, the momentum quickly took a plunge, and the game’s token SLP decreased below $0.10. The falling value of the token put a massive strain on the scholarship guilds.Moreover, AXS also plunged nearly 70% when compared to its peak value. Its NFT trading volume decreased from $754 million in November to $301 million in December.And to top it all off, Sky Mavis’ data shows a drop in concurrent players from a peak of 2.7 million in November to 2.2 million at the end of January.Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.If you want to stay up-to-date of my daily game news, then follow me on Google News.

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Sky Mavis, The Smurfs, The Sandbox

Sky Mavis, The Smurfs, The Sandbox

The winter holiday season is well underway, and several play and earn games are coming with their alphas, new features, NFT rewards, and updates. Also, our favorite characters from childhood, the Smurfs, have shown up in the popular blockchain game The Sandbox. And finally, we see DeGods and Y00ts migrating from Solana to Ethereum and Polygon. We will see how this decision impacts Solana and why Dust Labs took the decision to migrate. Stay with us until the end as we wrap up this week with all of the important updates in one place for you to keep up with what's going on in the Web 3.0 gaming space.

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MicroBuddies - NFT Game Review

MicroBuddies - NFT Game Review

MicroBuddies is a new fun NFT collection of around 2500 cute little colorful microbes. These microbes comprise 10 basic species with gameplay that revolves around strategy and blockchain technology. Novel Microbes: Moreover, the best thing about these lovable and cute microbes is the colorful and fun art concept behind them. The novel microbes were first discovered in an abandoned factory Nano factory. The original discovery totaled 2500 microbes. Furthermore, these microbes have unique genetics each with its own characteristics with the ability to self-replicate thanks to their own byproduct; GOO. Each MicroBuddies NFT is unique with its own set of physical features and natural abilities. So, the aim of the game is to collect different microbes and breed them together to create a new generation of microbes with their own genes and features. Consequently, the higher the quality of breeding the better price it will fetch in the marketplace. The 10 species include the common species in green color (Protist, Archaea, Protozoa, and Algae); the rare species in blue color (Bacteria, Amoeba, and Viruses); the legendary species in orange color (Fungi and Yeast); and the exalted species in purple color (Waterbear). Microbes Traits: These microbes differentiate on the basis of 6 trait types including the top, eyes, mouth, body shape, body color, and bottom. Each of these Micro Buddies creates GOO which is the basic token of the game. The recipe for success lies in Mutated microbes. These Mutate microbes have the ability to produce more GOO tokens. But, how do you get your hands on them? Just focus on cross-breeding and voila, mutated microbes. However, there is a catch; the player does not own any GOO tokens, rather the ownership lies with Mircobuddies themselves. This means that these tokens can be traded from one MicroBuddy to another but they cannot be cashed out of the game.

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Galaxy Fight Club - Game Review - Play Games

Galaxy Fight Club - Game Review - Play Games

Galaxy Fight Club is the ultimate fighting P2E platform where players can bring together their choice of NFT avatars in a great battle for glory while earning real money! Galaxy Fight Club is a first-of-its-kind cross-IP PVP NFT game specifically made for the NFT Universe. In addition, the game is also cross-platform which makes it available on both mobile and PC. Each fighter in the game generates about 5-15 of in-game currency; $GCOIN. The year is 2049 and the location is Planet Bruna 8. All the greatest NFT avatars of the universe have come together to participate in the greatest PVP fight club in the galaxy. It is a world without any boundaries and cross-platform participation of NFT avatars is common now. Galaxy Fight Club Gameplay: There are many PvP crypto/NFT games out there but Galaxy Fight Club is unique. The players can use their own NFT avatars from any of the NFT collections available in the universe. This means that a Bored Ape can engage in a battle with a Cool Cat or even your own created NFT which can also be a picture. However, to initiate play, the players must at least buy one of the NFT avatars from the GFC flagship collection. In-game fighting involves both long-range fighting and the scuffle mode of fighting, depending upon the chosen weapons.

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Farming Tales - Game Review

Farming Tales - Game Review

Farming Tales is a groundbreaking game that merges non-fungible tokens (NFTs) and agriculture, introducing a play-to-earn farming simulator. The game aims to address the challenges faced by small farmers and entrepreneurs during the Covid-19 pandemic. Players are immersed in a virtual world where they own and manage their own farms in New Waxchester County. By utilizing NFTs, players can improve and develop their farms using different assets. The crops and products harvested can be sold as raw materials or transformed into high-value goods, which can then be sold in the town shops of New Waxchester. Farming Tales revolutionizes gaming by combining real-world farming elements with the potential for earning rewards through gameplay.

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DeFi Land - Game Review

DeFi Land - Game Review

DeFi Land, as the name suggests, is a decentralized platform for an NFT-based game of agricultural simulation. The game will have features like any other farming simulation game with two significant differences. First, the game developers have not created new protocols, rather they have worked with already existing ones hence making it a decentralized game, meaning that the community will be the owner of the game assets and the game itself. Second, the in-game assets are actually equated with cryptocurrencies like the sunflowers in the game are SOL; the pumpkins are COPE and the corn is actually USDC. Moreover, these crops are made into real cryptocurrency to increase the value of the goods in the game, rather than making these assets NFTs that require trading. DeFi Land Review: In addition, the in-game token is Defi Land ($DFL). The token lets you buy the NFTs and various other resources to farm your land. Some of the basic protocol features of the game include liquidity providing, customizable land, yielding farming, staking, governance, lending, crafting, multiplayer competitions, NFT marketplace, interactive chat, mini-games, swap, etc. Finally, one of the goals of the game is to gamify all aspects of decentralized finance. Furthermore, the game facilitates educational solutions for users who are looking for alternate methods of finance and understanding DeFi.

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Illuvium - Game Review

Illuvium - Game Review

Illuvium is a double blaster by being a fun-filled action treasure hunting blockchain game plus a mode of making some real cash on the sides. It is the first truly AAA game on the Ethereum blockchain with a lot of emphasis on the gameplay. Moreover, it is a multiplayer roleplay game where players develop their characters to compete against others in a battle royale. The winners achieve supremacy in the Illuvium world along with bragging rights. The game is playable in two formats, the story mode, and the battle arena mode, each according to the player’s taste. Illuvium Review: The game revolves around mythical demi-god creatures called Illuvial. These double blaster Illuvials live in a huge beautiful scenic universe with involvement in treasure hunting. Moreover, the Illuvial has the capability of absorbing other Illuvials energy and growing as a being. The player begins the gameplay whilst stranded on a destroyed planet beyond repair after an aircraft crash. The main goal of the player is to develop characters by finding treasures and absorbing other players’ energy. Furthermore, the developed characters are NFTs called ILV tokens which are available for acquisition in-game. Moreover, these tokens are tradeable on the marketplaces, buy or sell on IlluviDEX, or other exchanges. Not only the action gameplay is interesting, but the game works with Ethereum blockchain technology, making it more reliable and promising. Furthermore, the game utilizes Immutable X to give the users facility of zero gas fee transactions. On top of it, it also leverages the security of the Ethereum network to make ensure a safe and secure play and the security of the in-game assets.

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Moonfrost - Game Review

Moonfrost - Game Review

Moonfrost is a 2D multiplayer, free-to-play, play-to-earn, life-simulation, and role-playing game for Mobiles and PCs that enables the player to immerse themselves whenever and wherever they choose, in a fascinating, constantly expanding world full of secrets and surprises. Moonfrost is a social simulation and role-playing game that draws inspiration from games like Harvest Moon and Stardew Valley. Players can engage in the plots of non-playing characters and other player characters in this 2D metaverse.

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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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