Blockchain Buzz: NFT Marketplace Closure, AI Gaming Funding, Playtests, and Major Updates
Recent developments in the ever-changing world of blockchain and cryptocurrency provide a glimpse into the industry's dynamic landscape. Due to slower-than-expected growth in the Web3 gaming market, Aqua, an Ethereum-based gaming NFT marketplace, recently ceased operations. Despite the challenges, there is hope for incorporating Web3 into traditional gaming. Atlas, a Vienna-based startup, has raised $6 million in funding for its 3D generative AI platform, which aims to revolutionize the gaming industry by shortening development cycles and empowering smaller developers. Pixelcraft Studios has launched a public playtest of Gotchi Guardians, a multiplayer tower defense survival game within the Aavegotchi gaming ecosystem, further expanding Aavegotchi's reach in DeFi, asset staking, land possession, and blockchain gaming. Freeverse, a Spanish blockchain company, has announced the development of LAOS, a new layer 1 blockchain that will launch on Polkadot in 2024. LAOS introduces "bridgeless minting," which allows creators to mint NFTs on multiple blockchains. The Sandbox, a major player in the web3 gaming metaverse, has released a significant update to its Game Client, which includes a redesigned user interface, new gameplay features, and enhanced multiplayer capabilities. Collaborations with Ubisoft and Drecom demonstrate the company's commitment to growing its influence in the gaming metaverse. In summary, these developments highlight the industry's diversity and growth, with closures, funding, playtests, and strategic upgrades reflecting the blockchain and crypto space's constant evolution.
Read more