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

In a whirlwind of action, major gaming announcements, including Krafton's NFT venture, Sky Mavis' Axie Game Jam, Meta's Horizon Worlds expansion, SAGE Labs' Solana launch, and other exciting developments, are setting the stage for a transformative play-to-earn gaming experience.In the rapidly evolving world of play-to-earn gaming, a series of groundbreaking developments have recently emerged, promising to redefine the gaming experience. Here's a comprehensive summary of yesterday's five major news snippets that are poised to transform the gaming landscape:PUBG Developer Krafton Unveils New Metaverse Game Overdare: South Korean gaming behemoth Krafton, known for its iconic PUBG franchise, has entered the NFT space with the announcement of 'Overdare.' Initially referred to as Project Migaloo, this mobile-centric game is set for a soft launch in December, followed by a full release by mid-2024. 'Overdare' leverages Krafton's in-house blockchain, Settlus, and was developed in collaboration with Naver Z Studio. It introduces an innovative create-to-earn (C2E) model, allowing players to trade NFT-based assets and earn in USDC. However, the inclusion of mandatory NFTs and concerns surrounding token volatility remain points of debate.Sky Mavis Elevates the Stakes with Axie Game Jam: Sky Mavis has thrown down the gauntlet for game developers with its inaugural Axie Game Jam 2023. Featuring an enticing prize pool of $20,500, participants have until October 14th to form teams and register. The event officially commences on October 15th when Sky Mavis unveils the contest's theme, igniting a coding frenzy. With top winners standing to earn up to $8,000, this competition promises to drive innovation within the gaming industry.Horizon Worlds Ventures Beyond VR: Meta's 3D metaverse platform, Horizon Worlds, is breaking free from its VR limitations. Meta has announced early access to Horizon Worlds on Android's Meta Quest app and web browsers, aiming to make the platform universally accessible across different devices. This expansion is seen as an effort to enhance inclusivity, despite initial criticisms of not being a pioneering metaverse experience.SAGE Labs: The Vanguard of Web3 Gaming: On September 21st, SAGE Labs is set to revolutionize the Web3 gaming landscape with its launch on the Solana Mainnet. Developed by Star Atlas, SAGE Labs promises intricate game mechanics and a complex economic loop involving crafting and freighting, among other activities. Furthermore, an enticing $1.5 million Golden Ticket promotion is on the horizon, offering substantial rewards to players. This launch holds particular appeal for those interested in decentralized gaming and true asset ownership.Multiple Launches Shake the Core of the Gaming World: Beyond these major announcements, the gaming sphere has seen several other noteworthy updates. MetaKing Studios has launched its strategic game "Blocklords," now accessible through the Epic Games Store. Laguna Games is gearing up for a significant update in "Crypto Unicorns" with the introduction of the "Shadow Forge" game mode. "Meta Toy Dragonz Saga" is set to enter open beta on September 20th, and "Star Atlas" will debut its resource-intensive game update on September 21st. In a touching gesture, The Sandbox has launched the "Incheon Landing Operation" game, dedicating all proceeds to charity.In conclusion, the play-to-earn gaming industry is on the cusp of a transformative era, characterized by innovative blockchain systems, substantial prize pools, and a renewed focus on inclusivity. Expect more seismic shifts as this ever-evolving landscape continues to evolve and captivate gamers worldwide. Stay tuned for further developments in this dynamic space.

In the dynamic world of web3 gaming, several major players have recently made significant strides, offering exciting developments and updates. Here's an extensive summary of the latest news from Animoca Brands, Krafton, Yuga Labs, Wreck League, and other notable web3 gaming entities:Animoca Brands Mocaverse Funding Round:Animoca Brands Corporation Limited has secured substantial support for its ambitious metaverse project, Mocaverse. This endeavor aims to accelerate the development of Mocaverse, a pivotal component of Animoca Brands' web3 ecosystem. To achieve this, the company issued new shares at a rate of A$4.50 each, resulting in a remarkable $20 million in funding. Investors in this round were also granted utility token warrants on a dollar-for-dollar basis. Leading this funding round was CMCC Global, with participation from prominent blockchain investors such as Kingsway Capital, Liberty City Ventures, and GameFi Ventures, along with Animoca Brands' executive chairman, Yat Siu. Mocaverse introduces Moca ID, a collection of non-fungible tokens (NFTs) designed to establish unique blockchain credentials. The project envisions creating a decentralized loyalty system within the Mocaverse platform, encouraging broader integration of web3 technologies into everyday life.Krafton's Overdare NFT Metaverse Game:Renowned for its highly popular PUBG battle royale game, Krafton has ventured into web3 gaming with the announcement of Overdare, an NFT-driven metaverse mobile game set to revolutionize user-generated content on the Settlus blockchain. Overdare is set to have a soft launch in December, with a full release planned between the first and second quarters of 2024. Comparable to Roblox, Overdare empowers users to create content, and it leverages Epic's Unreal Engine 5 and AI generative tools, offering extensive gameplay options. Players can create games across various genres, interact with other users, customize avatars, and explore a vast open world, featuring virtual concerts. This partnership between Krafton and Naver Z aims to establish a "create-to-earn" gaming economy, enabling players to trade in-game assets as NFTs for transparent and secure transactions, pushing the boundaries of traditional gaming experiences.Wreck League's Debut Tournament:Wreck League has launched its inaugural leaderboard tournament, inviting Mech enthusiasts to participate. With 1.4 quadrillion potential combinations of Mech parts, each fighter's Mech becomes unique, ensuring every battle is distinct. Players can assemble Mechs and engage in player-versus-player (PvP) battles. Dubbed "Mez'i's Mayhem," this tournament commenced on September 14 and will continue until September 28. The scoring system awards one point for a victory and none for a loss, emphasizing skill and consistency. Prizes are allocated to the top 17,000 players, ranging from common parts for those ranked 10,000th and above, exclusive Iconic Holoscopes for the top three (granting future ownership of an Arena NFT), fully assembled Koda Mechs for ranks four through ten, and Legendary parts for ranks eleven through twenty-five.Yuga Labs' HV-MTL Forge Update:Yuga Labs has introduced a new phase called "The Hunt" to HV-MTL Forge, enhancing both the world and gameplay. In this update, players embark on a dungeon-crawling adventure in The Rift, reminiscent of roguelike games. They search for crafting materials and special items to improve their Heavy Vehicles (HVs). Players can choose from four different biomes and set the game's difficulty level, with energy consumption varying accordingly. Furthermore, players must decide whether to be explorers, fighters, or craftsmen, each possessing distinct stats and abilities. HVs have a battery level serving as both their health and an exploration resource. If an HV runs out of battery before reaching the exit, the player loses half of their collected items.Eternal Dragons Web3 Game Update:Eternal Dragons returns with an updated version designed to enhance the NFT gaming experience for Dragoneers and web3 gamers. Notable features of this update include unit attack animations, creating more fluid and exciting battles, simplified PvP room creation for improved connectivity, and the addition of a PvP AI opponent to facilitate gameplay for players in different time zones. The introduction of class stacking, rather than skills, offers strategic depth by allowing players to enhance combat skills by deploying more units of the same class. Improved NFT coupling emphasizes player feedback and introduces new ways to combine classes and affinities, adding dynamism and intrigue to every battle. These changes are aimed at immersing players deeper into the world of Eternal Dragons and making the game more enjoyable.These developments highlight the vibrant and rapidly evolving landscape of web3 gaming, with Animoca Brands, Krafton, Yuga Labs, Wreck League, and Eternal Dragons leading the way in innovation and creating engaging experiences for players and enthusiasts in the metaverse.

Krafton, the renowned game studio behind PUBG, has unveiled a groundbreaking NFT-powered metaverse mobile game called Overdare. This innovative project is set to revolutionize user-generated content within the gaming world and is built on the Settlus blockchain. While the official launch is slated for the first or second quarter of the upcoming year, a soft launch is planned for December of this year to give fans a taste of what's to come.Overdare is not just your typical mobile game; it embraces NFT technology and empowers users to create their own content, akin to the popular platform Roblox. The game is developed using Epic's Unreal Engine 5 and features generative AI tools that enable players to design games across various genres. It's also a social platform, allowing players to communicate via chat and customize their avatars, promoting individuality.Overdare's virtual world is expansive, offering players the freedom to use AI tools to craft their own games and environments. Furthermore, they can engage in a wide range of games created by fellow users, attend virtual concerts, and personalize their avatars.This ambitious project is the result of a partnership between Krafton and Naver Z, a company specializing in augmented reality technology. Krafton holds an 85% stake in the venture, with Naver Z owning the remaining 15%.Overdare aims to establish a "create-to-earn" gaming economy, enabling players to buy and sell digital assets within the game as NFTs. This shift towards NFTs is driven by the promise of transparent and secure transactions.To support this economy, Krafton and Naver Z have chosen the Settlus blockchain. This blockchain system will allow players to earn money in popular cryptocurrencies like Coinbase and Circle's USDC stablecoin. The integration of Cosmos technology, recently highlighted at Korea Blockchain Week, promises to streamline the process. Settlus, developed by Krafton, is touted as "the future of the creator economy" on its official Twitter account.In a recent Medium blog post, Krafton's Settlus hinted at a potential "NFT licensing system," although details remain scarce. The blog also addresses potential challenges in Overdare's planned NFT economy, including the option to make NFTs optional rather than mandatory and ensuring a balanced inventory of items. Additionally, it intends to address the issue of volatile token prices to ensure a positive experience for players and creators.Regarding the role of Settlus's own token in this ecosystem, it remains unclear. The community may await further information to learn whether Settlus intends to create a new token or exclusively employ USDC. The adoption of stablecoins like USDC is favored for their price stability compared to volatile cryptocurrencies like Bitcoin and Ethereum, as they are designed to maintain a fixed value pegged to the US dollar.With Krafton's strong reputation in the gaming industry and the massive popularity of PUBG with 300 million monthly active users, Overdare holds significant potential to shape the future of the metaverse. This project represents a promising leap into the world of NFTs, user-generated content, and blockchain technology, offering gamers new avenues for creativity and financial opportunities.

PUBG is revolutionizing the gaming industry as it announces partnership with Banger Games, a Web 3.0 platform, to integrate NFTs into its battle royale game.

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

PUBG NFT Metaverse is coming! PUBG’s parent company Krafton decides to test the waters of the metaverse for their games.

Get fun and rewards with our top 500 play-to-earn games 2024! Play exciting game titles that offer in-game assets like NFTs and Cryptos. Set out on a gaming adventure with our hand-picked list of the Top 10 Play-to-Earn Games! If you're sick of traditional games that give you little in return, these titles will change your gaming experience. Immerse yourself in a world where every moment of enjoyment is accompanied by valuable in-game rewards. Whether you're a seasoned gamer or just getting started, these Play-to-Earn games offer an exciting blend of entertainment and monetary rewards. From strategic challenges to immersive simulations, each title on our list provides a distinct blend of gameplay and the chance to earn rewards while having fun. Don't pass up the opportunity to improve your gaming experience—explore our Play-to-Earn games and discover a new level of excitement where every move you make counts toward both enjoyment and valuable in-game prizes. It's time to change your game and reap the benefits!