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

Google Play's most recent update to its policies for July 2023 allows digital assets to be tokenized and used in blockchain games. This is a big change for the web3 gaming industry. Even though developers are happy about this change, they must follow strict rules and be honest to get their games on the Play Store. Notably, the policy bans NFTs with gacha mechanics and sets rules for the content of gambling games that use blockchain technology. This change in policy could bring back the NFT hype, which has led to a lot of investment and criticism in the past. Even though some people think it's a delayed decision, experts are still optimistic about the impact of the industry.

Web3 technology is changing the gaming industry by shifting the focus from creators to players. It does this by giving players ownership of in-game assets and the chance to make money in the real world. The Web3 gaming industry is driven by decentralization, security, tokenization, and ownership, and it is expected to be worth more than $200 billion by the end of 2023. Web3 makes it possible for players to make money from their digital assets by making games more immersive and interactive. Scalability, on the other hand, is still a problem that needs money and new technology to solve. Web3 isn't just the way things will be in the future; it's already here, making it possible to decentralize and cut out middlemen. Blockchain technology can't be separated from Web3, which is changing the way games are played.

This week, there were big changes in the world of Web3 gaming. After Sega said no, Google Play's decision to accept NFT games changed the game. Mighty Action Heroes gave early access, Deaddrop gave a sneak peek, and upcoming games like Cool Cats and Gas Hero got people excited. The beta season for the Machines Arena has started, and the public beta for Cradles has been announced. Google's support for NFT games on its platform and the large number of new games show how important blockchain and NFTs are becoming in the gaming industry. Web3 gaming options keep getting better, which points to an exciting future in a world that is always changing.

Amsterdam's RBL Labs is revolutionizing web3 gaming with their groundbreaking title, LegendsOfCrypto (LOCGame). With global attention and an innovative approach to blockchain gaming, RBL Labs is poised to transform the future of casual web3 gaming. Backed by notable investors like Signum Capital and NGC, they are on an exciting trajectory. The studio's achievements have been recognized through their selection for the Cointelegraph Startup Accelerator and acknowledgment by the European Blockchain Convention (EBC) as one of the top 10 European blockchain startups. RBL Labs is establishing itself as a prominent player in the web3 gaming industry.

Web3 gaming, which is also called "blockchain gaming," has had a lot of problems since it started in 2017. But don't worry, dear readers, because the business won't go away. Instead, it's going through a change that will help it get to new places. To do well in the world of Web3 games, developers need to focus on the holy trinity of game quality, sustainable economies, player engagement, and, of course, pure unadulterated fun! Think of a game that gets you excited, takes you to faraway places, and keeps you on the edge of your seat. For game developers to make such an experience, they have to go on a noble quest to make games better.

Gala Games May Mayhem in full swing, Jeff Burton joins P2Earn, Mojo Melee Open Beta, ZooRacers test, Spider Tanks, and more Web3 gaming news. Another week full of exciting Web3 gaming news playtests, reviews, and new content has made the weekend all the while. The alpha and beta playtests for several games are already underway and there is plenty to keep the weekend fun. We have Gala Games May Mayhem, ZooRacers Beta testing underway, Mojo Melee beta, revenge zombies open beta, and more. Spider Tanks adds new content and updates to the game with May Mayhem. Finally, we have Champions Arena playtest 2.0, and P2Earn Inc hiring Jeff Burton. Our weekly newsletter bulletin covers all the essential updates happening in Web3. Let’s get straight to it and see how the week is so far in Web3 gaming.

Web3 gaming is changing how we play online, with new rewards, asset ownership, and community interactions. This article explains what Web3 is, how it relates to gaming, and why it matters. Web3 is the latest version of the internet, also known as the decentralized web, which builds on the concepts of Web1 and Web2 by adding decentralized technologies like blockchain and peer-to-peer networking for a more open and secure internet.