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

The Nemesis, a VR AR Metaverse platform, is preparing to launch its own ERC-20 payment token called NEMS on May 8th, 2023. And guess what? This token will let players cash out and earn real money using a cool Play-and-Earn model. Isn't that fantastic? The Nemesis is available on iOS, Android, and WebGL. NEMS has a lot of utility and acts as a payment token in The Nemesis. An ERC 20 on the Ethereum blockchain will serve as the foundation for all the crypto transactions on its metaverse. Now, here's the deal. The NEMS token will only be available to those who hold The Nemesis NFTs. You can grab it for just $0.15 per token. It's a pretty sweet deal if you ask me! With these tokens, you can also snag virtual real estate plots and build your own custom Metaverses. How cool is that?

Yuga Labs, the company behind Bored Ape Yacht Club and Otherside, has hired Mike Seavers as its new Chief Technology Officer (CTO). This makes Yuga Labs even more of a rising unicorn business. After Daniel Alegre, the former President and COO of Activision, was named Yuga Labs' new CEO, this was a smart move. Yuga Labs hopes to make the most of the growing potential of Web3 technology by adding these key people to its leadership team. Yuga Labs also made itself a major player in the metaverse and NFT environment. Mike Seavers has worked at Riot Games and Epic Games in the past, so he has a lot of knowledge. Seavers helped support hit games like League of Legends, Legends of Runeterra, and Valorant when he was the CTO at Riot Games.

The article discusses Star Atlas, a metaverse game that utilizes web3 technology and features a new mini-game called Escape Velocity. The game's movement system is entirely blockchain-based and promises endless possibilities for player-owned gaming in the metaverse. The recent technical showcase allowed the web3 gaming community to test the movement system at a massive scale, enhancing the robustness and resilience of the forthcoming browser game module, Star Atlas: Golden Era (SAGE). Escape Velocity allows players to explore the Galia Expanse in Star Atlas using their spaceship, experiencing the marvels of moving through the blockchain while witnessing the underlying web3 technology in action.

The iconic game, Neopets, is making a huge comeback, now stepping into the Web3 world. This time, it's not just about caring for virtual pets. Instead, players can dive into a whole new universe with NFTs and earn real crypto through play-to-earn mechanics. Dominic Law, the CEO, is steering this ship, transforming the early 2000s favorite into a game that's ready for today's tech-savvy gamers. With an alpha launch eyed for early 2024, the Neopets Metaverse aims to blend nostalgia with cutting-edge blockchain technology. Moreover, players can look forward to customizing their Neopets and Neohomes, engaging in battles, and trading in P2P marketplaces. It's a bold move, especially during a crypto winter, yet it promises to rekindle old loves and attract a new audience, proving that Neopets is evolving right alongside its original fans.

Urvit Goel of Polygon says that 2023 will be a big year for the Web3 industry and metaverse. He says that this is when we will see high-quality blockchain games.There are a lot of hopes for blockchain games, and many people expect them to live up to those hopes. Since 2023 is a "put up or shut up" year, it's likely that things will work out. But it's more likely that we'll see great Web3 games that are already being made by people with a lot of experience making games. Urvit Goel, Vice President of Games at Polygon, talked to VentureBeat about how important 2023 will be for the blockchain gaming industry. He also talks about the role that Polygon is playing in making the change happen.Goel said that 2023 will be a big year for the gaming industry, especially in terms of how blockchain technology is used. People will pay close attention to the promises made about upcoming games, and it's important that results start to show. Many developers are still in stealth mode and haven't put out any products yet. As more games come out, it will be easier to figure out how good they are and where the industry is headed. Polygon is making progress in the right direction, as it recently integrated Magic Eden into its chain. Additionally, blockchain games like The Sandbox, Decentraland, and more have embraced Polygon. However, it isn't as easy as it sounds, especially after the FTX collapse and the raging crypto winter. Despite the challenges, Dappradar reports that the Web3 blockchain gaming sector saw more than $500 million in investments. Goel facilitates the integration of cutting-edge technologies and marketplaces into the development process. He does this with a view to producing superior products. In support of this, Polygon has created a fund worth $100 million to invest in Web3 gaming and related sectors. A significant portion of this funding has been provided from the company's own resources, derived from a previous funding round that generated $450 million.Goel says that the blockchain gaming industry is growing up very quickly. At first, most people were interested in how blockchain and cryptocurrencies could be used to make money. This made games that were easy to understand and didn't impress serious gamers. Goel, on the other hand, thinks that the industry has reached a point where good games are being made. This shows a change toward becoming more mature and trustworthy.Goel says that the only developers left in the blockchain gaming industry are those who are very dedicated to making high-quality games that gamers will enjoy. Most of the time, these teams have a lot of money and all the tools they need to make great games. On the other hand, Web2 developers who move into Web3 projects are also likely to make a difference in the field. Even though the business has changed recently, Goel doesn't see any signs of a slowdown in the near future.

The first Web3 security breach makes headlines in 2023 as the blockchain game Sandbox gets compromised and sends phishing emails to users.The Sandbox Sends users are at risk of phishing or malware emails after an unauthorized third party gained access to an employee's computer.The popular metaverse firm, The Sandbox, has issued a warning to its community members about a security breach. In their recent blog post, the platform disclosed that an unauthorized third party has successfully evaded its security measures and could have obtained information about its users. The Sandbox has warned its community not to open any suspicious emails that could give attackers access to their digital assets. This is the first significant Web3 breach to make headlines in 2023. According to the official blog post, the email titled 'The Sandbox Game (PURELAND) Access' may have been delivered to the email inboxes of The Sandbox community members. The email has links to malware that can sneakily install itself on users' computers and access their data without their knowledge.The blog post further explains that an employee's computer at The Sandbox was unlawfully accessed by a third party. It allowed them to obtain several email addresses to which they sent the email. An unauthorized third party had gained access to the computer of an employee of The Sandbox. This enabled the third party to access a number of email addresses. It then sent an email targeting the community.The Web3 game ecosystem provider identified the security breach at the end of the previous month. It is now contacting users who may have received a malicious phishing email. People have told these people not to click on the links in the email, which means they shouldn't open, play, or download anything. To address the issue, The Sandbox has blocked the employee's accounts and access to their platform. Additionally, it reformatted their laptop, and reset all relevant passwords while requiring two-factor authentication. While the company has not discovered any additional impacts resulting from the breach, they are actively monitoring the situation.“We have blocked the employee's accounts and access to The Sandbox, reformatted the employee's laptop, and reset all related passwords including requiring two-factor authentication. We have not identified any further impacts. However, we are working to monitor the situation,” the blog added.The Sandbox has urged its community members to utilize a trusted antivirus program and reformat any affected systems. In 2018, Animoca Brands, a game software company based in Hong Kong, acquired The Sandbox, a mobile game firm. Moreover, Animoca revamped the platform with a metaverse twist.

Sony Game Developers and Ex-EA Developers Comprise Avalon Corp TeamAvalon Corp.'s Digital Universe receives $13 million in funding to launch an AAA project in the Web3, metaverse, and blockchain gamingThe world is molding itself towards the crypto universe for investments as well as the future. Big companies are getting interested in blockchain and metaverse or AAA multiverse and looking for different ways to be a part of it. In a similar effort, Bitkraft Ventures has raised $13 million in funding along with other companies to fund Avalon Corp, a Web3 gaming startup working on Avalon universe. The companies included are Hashed, Delphi Digital, Mechanism Capital, Coinbase Ventures, and others. The round also received funding from some angel investors, including former Microsoft executive Charlie Songhurst and Twitch co-founder Kevin Lin.The big news is their team of developers, has worked in huge tech companies like Electronic Arts, Microsoft, Blizzard, and Sony. The studio's first game will be Avalon, which runs on Unreal Engine 5 and has some MMO and Web3 metaverse elements. However, CEO of Avalon Corp Sean Pinnock and Chief Product Officer Jeffrey Butler told Decrypt in an interview that they don't perceive Avalon as a metaverse. The main reason for the reluctance is how the term has been taken and misapplied in the digital world.Butler remarked of the term "metaverse" that "everyone's kind of leaping onto this word and just pounding the poor word to death," adding that practically every big brand, whether they be a fast food chain or fashion industry, has somehow associated themselves with the creation of their own metaverse.

YouTube's new CEO, Neal Mohan, is bullish when it comes to Web3; check out his views on NFT, metaverse, and Web3.

The RobotEra presale sets this upcoming Web3 metaverse game for a solid launch, Its TARO token pre-sale is live; learn more about it.

Sidus Heroes is a sci-fi, futuristic, galactic metaverse NFT game where you play, earn, and own. The storyline is gripping and takes us to a distant future where there are three unique races each having special characteristics. Additionally, the game offers NFT heroes which you can pin against other players in a 3v3 battle arena.

Epic Games’ Tim Sweeney is a staunch supporter of Web3 and sees metaverse as the future of the internet. Recently, Tim Sweeney shared his thoughts on the metaverse, crypto, and the antitrust debate associated with it. Speaking about the creation of the metaverse, Sweeney is positive about the creation of the metaverse over the next decade.The creation will take place over the foundation of open systems, open standards, and no walled gardens where companies will work together on mutual respect of customers. The metaverse will allow players to jump from one ecosystem to the other without any concerns whatsoever.Sweeney related the working of future metaverse with how the world interacted with each other in the early days of the web.

Gamefi is the most trendiest niche in the cryptocurrency industry at the moment, no less than a gold rush.

The recent addition of capital of blockchain is Dragonfly Capital’s third funding round. The focus is on investing in crypto-based projects

Blockchain Technology, Video Games equals Earning Opportunities for every gamer! Play To Earn (P2E) Opportunities are all over in 2022.

After China and Korea crusades against the crypto industry, India also plans to follow suit. At the end of 2021, India announced a bill