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

This week brings a lot of excitement and energy for Web3 gamers as we have a deluge of alpha playtests live right now. You can play and test upcoming Web3 games like Champions Ascension, Champions Arena, Star Atlas, Wildcards, and Tearing Spaces. Other gaming news had Mythical Games launching NFL Rivals, MMA Web3 game on the cards, and Eternal Dragons eyeing another successful tournament. This week we also saw Star Atlas rolling out its mini-play and earn game; Escape Velocity. Finally, we have Sandbox bringing us another Land Sale, this time it is Mega City 3 with 250 plots.

Polygon has seen unprecedented growth in the past few months, with the number of active users and total value locked (TVL) in Polygon’s DeFi ecosystem increasing rapidly. During April, Polygon zkEVM Mainnet experienced up to +300% growth in key metrics. This month recorded some huge numbers for Polygon Mainnet as it gained further support for its community and larger Web 3.0 ecosystem. We will discuss these key metrics on gas costs, total value locked (TVL), net value bridged (NVB), and development activity in this report. its zkEVM Mainnet Beta exceeded 50,000. A total of 95.25 ETH, or almost $177,000 in fees, is already generated across all transactions on the high-performance Zero-Knowledge platform. DappRadar report also indicates that Planet IX, a strategic play-to-earn NFT game, dominated the on-chain activity on Polygon in the first quarter.

With the rise of embedded markets, Web3 gaming is changing. These built-in markets fit right into the game experience and offer a new way to buy, sell, and trade in-game items. In this blog, we'll talk about the idea of "embedded economies" in Web3 games. We'll talk about how they help game makers and what they mean for the future of the gaming industry. Embedded economies in Web3 gaming are when in-game markets are built right into the game itself. In the past, game makers had to use outside platforms to buy and sell in-game assets.

Animoca Brands Notre Game joins forces with MMA One Championship to bring web3 NFT game One Fight Arena with plans to launch in 2024. These two notable companies are creating One Fight Arena. An NFT-powered MMA mobile game that will make use of the extensive IP library and a rich lineup of fighters from ONE Championship. Later this year, the NFT game will be tested to figure out shortcomings or glitches before its actual launch in 2024. It will be free to download when it launches on both Google Play and Apple's App Store.

By using blockchain technology, immersive gameplay, and economic incentives, Web3 games have changed the gaming business. This article looks at Axie Infinity, STEPN, and Illuvium, three famous examples. Each game has its own features, which brings in a wide range of users and shows how much promise the Web3 gaming ecosystem has. The play-to-earn model of Axie Infinity lets players earn cryptocurrency, while STEPN rewards physical exercise by combining fitness and gaming. Illuvium is an open-world game with beautiful graphics and gameplay that is driven by the community. These games show how Web3 gaming can change things by giving players economic chances and letting them own in-game assets. Through Web3 innovations, the future of game seems to be decentralized, player-centered, and financially rewarding. This article looks at Axie Infinity, STEPN, and Illuvium, three popular Web3 games. Also, each game is different, which brings in a wide range of users and shows how much promise this growing gaming ecosystem has.

Kinetix, an AI startup based in Paris, is revolutionizing the gaming industry with its groundbreaking technology called Text2Emotes. By harnessing the power of generative AI, Kinetix allows gamers and virtual world enthusiasts to create 3D animations and emotes simply by inputting text prompts. Also, this innovation opens up new avenues for self-expression and user-generated content in gaming. It presents an exciting prospect for players, developers, and publishers alike. Kinetix's CEO, Yassine Tahi, believes that text is the easiest way for people to express themselves in virtual worlds. Text2Emotes offers one of the first examples of AI technology that can generate high-quality. In addition, it can generate playable 3D animations and emotes based on basic text input. Users can enter a simple text prompt, such as a dance move or an emotional expression, and witness their avatars come to life through AI-generated emotes.

FTX collapse ripple effect continues to date as another casualty happened where a Web3 card game bites the dust. Sam Bankman-Fried’s favorite game Storybook Brawl is shutting down its servers on May 1st. The decision came just after 13 months of its acquisition by FTX. It is yet another addition to the list of casualties. Good Luck Games, the creator of Storybook Brawl, announces on Twitter that the Web3 card game will shut down amid no direction forward. Apparently, the creators tried their best to find a way to keep the game afloat. However, they couldn’t find a way forward and hit a dead end. Good Luck Games was acquired by FTX US (also known as West Realm Shires) and fell under the "FTX Gaming" banner.

Today marks the launch of NFL Rivals worldwide on both Apple AppStore and Google Play. Mythical Games, the game's developer, invites players to immerse themselves in the exciting football gameplay. They can strategize their plays, gather their preferred players, and establish their ultimate team. Players can also celebrate the off-season in style with special rewards, tournaments, and exclusive content. Mythical Games acknowledges the critical role by their partners, including the National Football League (NFL), NFL Players Association, and OneTeam Partners, in achieving this milestone. The collaboration was instrumental in delivering a unique gaming experience that captures the spirit and energy of football.

Video games have come a long way since the days of arcade machines and simplistic graphics. Today, there are a multitude of platforms available for gaming, including consoles like Xbox, PlayStation, and Nintendo, as well as PC gaming. One of the biggest advancements in gaming technology has been the development of virtual reality (VR), which allows players to immerse themselves in digital worlds like never before. Companies like Oculus and HTC are leading the charge in this field, with more and more games being developed specifically for VR.

Eternal Dragons have announced that they are launching their first-ever Guild-focused tournament. This is a significant event that follows the success of the Alpha Tournament that took place earlier this month. The tournament is designed to put a spotlight on the gaming guilds that have joined Eternal Dragons and those that have been explicitly formed around their game. So this time around we have gaming guilds in focus, and players should join one at their earliest convenience. Players can collect special Dragon NFTs and use them across multiple games as they progress through the expansive realm of Eternal Dragons. We will share more about Eternal Dragons gaming guilds at the end of the article.

Play To Earn Games, Hype or Not? In recent years, there has been a rise in the popularity of Play To Earn games. These games allow players to earn real-life rewards, such as cryptocurrency, by playing the games. While some may see this as a new hype in the gaming industry, others believe that it is here to stay. Firstly, let's take a look at what Play To Earn games actually are. These games use blockchain technology to allow players to earn rewards for their in-game achievements. The rewards can be anything from cryptocurrency to skins for their characters or even rare items.

Web3 gaming content creator Brycent and Esports Pioneer XSET are all set to join forces for unprecedented development and expansion in gaming. XSET focuses on creator-driven narratives and their vision led them to collaborate with one of the most dominant web3 content creators. Brycent aims to expand its Web3 gaming content with XSET, a company renowned for devoted esports teams and popular gamers. Additionally, Brycent will continue his collaboration with Gary Vaynerchuk's VaynerSports as his talent management company. Brycent Johnson has joined the renowned esports organization XSET as its first web3 gaming content creator.

Gadget-Bot, a story-driven concept design studio has finally revealed the Kaidro web3 game after completing a development period of more than a decade. Production company Gadget-Bot is bringing one of the most insightful webcomics Kaidro to life as an epic web3 game. Gadget-Bot’s journey from notable webcomics and social videos to web3 is highly impactful for the industry. Kaidro web3 game will be launched this year on the Ethereum scaling network Immutable. In this role-playing game, players can gather and trade creatures called Kaidros in a fantasy world. There are many traits and skills that can be upgraded and traded between players for different Kaidros.

This week we saw many activities in the Web3 gaming industry ranging from Gala Games rolling out the new token to Square Enix and Elinix Games joining hands. Moreover, there was also news about Community Gaming laying off employees, some alpha playtests, and new season rollouts. Blockchain gaming developers are hard at crafting alphas and inviting players to test them. We had Ember Sword Alpha playtest, a new Genesis tournament in Undead Blocks, Alpha Season Two of Axie Homeland. Additionally, another promising alpha is on the cards where we shall play the alpha 2.0 from Citizen Conflict. More updates on games, we have Otherside introducing Legends of the Mara, and MegaWorld implements Cross-chain dependencies.

Get ready for the latest release of Cantina Royale with exciting features and gameplay modes. New Ultimates, Rewards, Map, and More! Cantina Royale is back with its latest update, bringing new ultimates, rewards, maps, and gameplay modes. In this blog, we’ll take a closer look at what’s in store for the players in the upcoming release. From character ultimates to end-game rewards, and new gameplay modes, there’s plenty to be excited about. The new update brings unique and fun ultimates for every character in Cantina Royale. The ultimates have gone through multiple rounds of playtesting to ensure that they feel different for each character and provide a fun experience in battle. Let's take a look at each ultimate and its effects during battle.