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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Continuum World - Game Review

Continuum World - Game Review

Continuum World is a free-to-play MMO where players can freely explore, build, collect NFTs, and earn the UM token. Continuum World is a massively multiplayer online game where players can freely explore, build buildings, gather resources, level up, compete, make friends, and earn the UM token. Continuum World is a unique MMO that lets you play for free and earn money at the same time. The game lets players explore a new world, build different kinds of buildings, and gather useful materials. With the help of a team of gaming and blockchain experts, it has cutting-edge features. There are also NFT assets that pay out interest and a player-driven economy that a lot of people like. Players can make money by gathering resources, owning land, leveling up their avatars, trading in the market, racing in exciting events, and staking the game's native $UM token. It is also changing the gaming industry and bringing in a lot of players because the game is fun and always changing. The exciting new world of Continuum is where Continuum World takes place. It has interesting things like floating islands and unique plants and animals. To make a successful UMi colony, players must go into uncharted territory and use its many resources and wonders. By growing land and promoting trade with UMis, users will also be able to talk to each other, trade, and work together on projects. You can catch creatures, set up exciting races, and compete against other players in Continuum World, all of which add to the game's immersive feel.

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My Crypto Heroes - Game Review

My Crypto Heroes - Game Review

My Crypto Heroes stands as an Ethereum blockchain RPG, featuring historical heroes, quests for rare items, and battles for fame and rewards. My Crypto Heroes (MCH) stands as a turn-based RPG strategy game accessible through web browsers. Renowned within the blockchain community, it employs ERC-721 token-based "heroes". Its connection with the EMONT alliance, comprising PC game developers advocating EMONT as a universal cross-game currency, has further fueled its popularity. My Crypto Heroes introduces a play-to-earn MMORPG concept, enabling players to possess NFT characters and items, while simultaneously accumulating MCHC tokens, all built on the Ethereum network. Additional tokens like GUM, CI, and CP serve distinct purposes within the game's framework. The game seamlessly caters to both mobile and PC users, offering an expansive platform choice. To initiate the My Crypto Heroes journey, individuals need to navigate to the official website. Account creation offers two avenues: either through a Google account or an Ethereum wallet. Opting for a Google account grants access to three complimentary heroes, though acquiring additional ones is restricted. On the other hand, using an Ethereum wallet grants complete game privileges, enabling hero collection. Once logged in, a trio of crypto heroes – MCH Warrior, MCH Tactician, and MCH Artist – is provided without charge. While the prospect of obtaining more heroes is appealing, it should be noted that ERC-721 heroes on-chain come at a minimum cost of 5,000 GUM (0.5 ETH or approximately US$88). In the dual game mode system, PvE mode permits hero exploration in dungeons for experience points and rare NFT items, which are vital for asset advancement. PvP mode engages players in tournaments, rewarding top-ranking participants with NFT items.

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Tales of Elleria - Game Review

Tales of Elleria - Game Review

"Tales of Elleria" (TELL) is a 3D GameFi (Game Finance) RPG that exists within the Arbitrum One ecosystem. It offers an immersive role-playing experience, allowing players to summon heroes, undertake missions, go on quests, and explore uncharted territories. The game is set in the world of Elleria, which was once a thriving land but was devastated by a colossal dragon named Ignacio. However, the Goddess of Elleria, Elysis, intervened and subdued Ignacio, leaving behind a prophecy. Players take on the role of citizens of Elleria who can summon heroes and use Ellerium, a valuable resource, to defend the city from impending monster threats and fulfill the prophecy. Gameplay in "Tales of Elleria" involves heroes embarking on missions to earn Medals, which enhance heroes, enable quests, and improve equipment. Players must battle formidable monsters to collect resources and rewards. The ultimate goal is to unite with other players and vanquish Ignacio, who resides in an uncharted lair. Summoning heroes is a crucial process that involves integrating them into the player's MetaMask wallet and binding their souls to bring them into the game. The game features 10,000 Genesis heroes with different classes (Warrior, Assassin, Mage, Ranger) and rarity levels. Heroes can be equipped with gear and possess unique skills, which add complexity and diversity to combat. Traits, though currently preset, affect hero behavior during quests. Quests are essential for progression, yielding Elm, Medals, and NFTs (Non-Fungible Tokens). The in-game economy of Elleria relies on various tokens and NFTs, including Heroes, Equipment, Drops/Relics, $ELLERIUM (ELM) as the primary currency representing the Goddess's blessing, and $MEDALS as a supplementary token for daily transactions within the City. The community response to "Tales of Elleria" has been positive, with players expressing excitement and anticipation for the game's release. Some have been following the game's development since the beginning and have shown strong support. In summary, "Tales of Elleria" is a GameFi RPG set in the Arbitrum One ecosystem, offering players the chance to explore the world of Elleria, summon heroes, and engage in epic quests to protect the city from looming threats. The game's tokenomics and unique gameplay elements have garnered interest and support from the gaming community.

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Nakamoto Games - Game Review

Nakamoto Games - Game Review

Nakamoto Games is a play-to-earn and free-to-play ecosystem built on blockchain. It was made to give game developers and players more opportunities. The Nakamoto Games was started with the goal of giving gamers and developers ways to make money through a play-to-earn ecosystem based on blockchain. The project aims to bridge the gap between traditional online games and play-to-earn games. It runs on the Polygon blockchain, which has benefits like low transaction fees and high throughput. The Nakamoto Games, unlike many blockchain games, deals with these problems and has a real token burn mechanism for deflationary sustainability. Their economy is diverse, and their economic model has no winners or losers. This makes for a strong financial ecosystem. They attract a larger audience by making a platform with multiple games and putting themselves in the play-to-earn market as leaders. Also, recent team additions have helped them improve their development, website updates, and tokenomics, which means they will continue to grow and listen to what the community has to say. This year, Nakamoto Games surprised everyone by putting out 20 different games in a wide range of genres, all of which kept getting better and better. But their innovative approach includes putting out about two new games a month, which helps them be successful in the long run.

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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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