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

Ethereum scales up its security by introducing Account Abstraction AA, Visa is already using it, but what is it? Why is it more safer? Learn more...

How can you benefit from NFTs as a creator? Today, we will help creators, artists, and musicians by presenting them with a straightforward path to creating NFTs.

Immutable X is a prominent Web 3.0 platform catering to games, renowned for its layer-2 NFT solution and advanced scaling technology. Notably, it stands out by being entirely carbon-free and scalable with zero gas fees. As a result, it has attracted a slew of blockchain gaming and NFT projects, including Delysium, a major MMORPG, and iconic DC Comics characters like Batman and Superman. The platform's appeal lies in its cost-efficient, swift Ethereum network transactions, along with its strong security, scalability, and stability.The platform has witnessed a migration of blockchain games from Polygon to Immutable X, including titles such as Cross the Ages and Ember Sword. Delysium, now on Immutable X, exemplifies a play-and-earn MMORPG integrating AI for an immersive virtual world.Following the collapse of the Terra Network, various projects, including Deviants’ Factions and Nifty League, moved to Immutable X, attracted by its favorable transaction speeds, minimal gas fees, and dedicated gaming chain.Immutable X’s allure extends beyond its technical features; a $500 million developer and venture investment fund supports new blockchain projects. This fund aids projects through game design, tokenomics consultation, community building, and marketing, nurturing both fledgling and established endeavors.The platform also draws new projects. It facilitated the release of NFT cards featuring superheroes and launched gamified Book Games from the VeeFriends NFT collection. Immutable X hosts its own popular blockchain games like Gods Unchained and is partnered with GameStop for its NFT marketplace.Immutable X, boasting open-source projects and a partnership with GameStop, stands as a leader in Web 3.0 gaming. Its $500 million venture fund furthers the growth of innovative projects in this space. To follow developments and news in the blockchain gaming sphere, visit their website and social media channels.

Biggest hacker heists to date against crypto gaming where the hackers took off with $600 million. The victim is crypto gaming; Axie Infinity.

Massively popular battle royale PUBG founder Krafton Labs has entered into an agreement with Solana Labs. The partnership brings NFTs to PUBG

The famous and often controversial Youtuber Dr. Disrespect plans to enter the domain of NFT's via his Midnight Society studio

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.

Great news for Bored ape NFT's holders as new projects and games involving the Bored NFTs are about to go sky-high.

Nexon America, a gaming company and subsidiary of South Korean gaming giant Nexon, announced that it has started accepting cryptocurrencies.

Hackers on the Prowl as $404 Million Lost in Attacks this Month. There is an influx of massive amounts of money hackers try to break in

Play-to-earn games have propelled the popularity of crypto's in a huge way and the reason behind it is easy to understand.

The massive potential of crypto, NFT, and blockchain-based games has made people switch careers from traditional ways of earning.

Mythical Games announced the first developer for the Mythical Platform to build or integrate playable blockchain-based economies into games.

The Q3 of 2021 shows that the Play to Earn business models and games backed by blockchain technology will sustain their growth.

The most awaited top 5 NFT games 2023!With Axie Infinity’s massive popularity, play-to-earn games are gaining healthy momentum. The play-to-earn business model is now in the limelight of the gaming industry. Several play-to-earn blockchain-based games are in line and will get rolled out soon. Check out five of the most anticipated NFT games coming up.