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

The gaming industry is discussing NFT. Know what?As a gamer, you've probably heard the term NFTs in the last year or so. It's confusing. NFTs have to do with cryptocurrencies and the blockchain, but why are they being linked to games? Why are video game publishers are now creating NFT-based games? What do gamers have to do with N-FT's? I mean what are NFT's? Many do not know about it. The answer lies in the interdisciplinary barren and drylands of the economy and computer sciences. Bear with us today, as we will answer all your questions.

From novels to movies to the technology industry to video games, the metaverse is having quite a splendid transition.

Tencent shared the teaser plans for the metaverse in its earning calls. Before Tencent, it was Facebook that took initiative

Jesse Powell, CEO of Kraken, shared thoughts on metaverse, liked the idea already in several games World of Warcraft, Second Life, Runescape.

According to marketing analysts Newzoo, mobile gaming is showing promising and extraordinary indicators in terms of revenue and acquisition.

The hype for crypto gaming is real and carries in 2021. According to a recent report by DappRadar and the Blockchain Game Alliance.

Cryptocurrency exchange FTX & FTX Gaming make progress and expansion into the blockchain video game realm by acquiring Good Luck Games.

GameFi is the newest craze in the gaming industry nowadays, and many aren’t quite familiar with how it works and what exactly it means.

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.

NFT Video Games worth your money and time, is a question asked much lately! Video games are one of the first ones to adopt the NFT's.

NFTs have had its fair share in the market for the past couple of years. However, its relationship with the masses is more like a love-hat

He believes that the play-to-earn crypto games phenomenon will be the new norm for gamers in the next five years.

Crypto and video games industries are going hand in hand nowadays despite having separate work mechanisms and philosophies.

A recent GDC survey suggests that the craze and massive buzz behind crypto, blockchain-based games, and NFT games have lessened.

In a bid to create blockchain-based games, Zynga has entered into a strategic partnership with software maker Forte