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

Due to problems with regulations in the US, the unique cockfighting game MechaFightClub, which is based on NFT, has been put on hold for good. Irreverent Labs had been working hard for more than a year to make a cockfighting game that was unlike any other. The web3 gaming industry is in shock, which is a shame because passionate gamers and NFT holders were looking forward to Irreverent Labs' groundbreaking release. Even though the US developer of MechaFightClub NFT got $40 million in funding last year, work on the game was suddenly stopped. The lack of clarity in US regulatory law was given as the reason. It's surprising to hear that the NFT-based game has been put on hold, with the developers calling it a "indefinite hibernation" after showing off such a great presentation and gameplay.

In the world of Illuvium, you're about to go on an amazing journey. The highly anticipated Web3 game is getting ready for its upcoming secret beta test, and trust us when we say you won't want to miss this chance! As the game's second beta test, this round will focus on the exciting new Overworld areas, which will add a whole new level of fun to the game. But there's more! The team has been working hard, so you can look forward to a lot of new Illuvials and exciting changes to the Arena Survival Mode. By becoming a beta tester, you'll get early entry to the game and be able to try it out for yourself before anyone else. This means you'll have the chance to give feedback that will help improve the game and make sure it's good before it's released to the public. If you've been lucky enough to take part in private betas in the past, you don't need to worry. As a thank-you for your continued support, you will instantly get access to the Private Beta 2 Overworld.

The widely used social network Line's subsidiary, LINE NEXT, has revealed its intentions to launch five games on its Web3 gaming platform Game Dosi in the second half of 2023. The NFT-focused company with headquarters in the US has stated that it plans to increase the scope of its gaming products. Get ready for an immersive Web3 gaming experience as they unveil five captivating titles including Sweet Monster Guardians, Vestria the Last Order (VLO), KEROZ, Drawshop Kingdom Reverse, and Project GD. Each title has distinct mechanics and gameplay, according to the company. DOSI, the name derived from the Korean word for "city," offers brands and companies support programs for NFT creation and global marketing.

Aurory has become the most popular game in the Solana ecosystem and is set to change the way people play games in the always-changing world of blockchain gaming. With the release of the Prologue to Adventures, Aurory has made a big step forward in its long-term plan. Its innovative gameplay and features keep people interested. The Prologue is the basis for Aurory's ability to grow and change. Jon Campeau, who is the Executive Producer and Head of Production, was very happy and said that a lot of hard work went into reaching this milestone. Also, the game promises a gripping story and exploratory gameplay that will keep players interested for years to come. It takes ideas from well-known game series like Final Fantasy and Pokémon.

Helika, an innovative analytics startup, has joined forces with Yuga Labs, the visionary creator of popular NFT to revolutionize Web3 Gaming. With advanced data, Helika and Yuga Labs change the way people play web3 games. The Web3 gaming industry is changing quickly, and this has led to a new way of thinking in which blockchain technology meets engaging game experiences. Helika, an innovative analytics company, has joined forces with Yuga Labs, a creative company that makes famous NFT collections and games. The goal of the agreement is to add powerful analytics to Web3 gaming. Also, the goal of our partnership is to use the power of data and give important information to game companies in order to improve player experiences, help the Web3 gaming industry grow, and drive innovation.

Roblox, the popular online multiplayer game and platform, recently published its quarterly earnings report for Q1 2023. The exclusive report reveals a mixed bag of results. While the company reported a wider-than-expected loss per share, it exceeded revenue expectations. Moreover, it witnessed significant growth in its user base. This article delves into the key highlights from Roblox's financials, explores the surge in its user base and engagement, and analyzes the outlook analysts provide. Roblox's Q1 2023 financial results showcased both positive and negative aspects. On the positive side, the company reported revenue, referred to as "bookings," of $774 million. It surpasses the consensus estimates of $766 million. This revenue growth underscores the continued popularity and engagement of the platform. However, Roblox fell short of Wall Street expectations, with a loss per share of 44 cents, previously it was 40. The wider loss was due to factors such as developer exchange fees and infrastructure investments.

Yuga Labs’ steaming hot juggernaut continues to play a massive role in Web3 gaming and its future. The studio has a lot under its belt, it is the creator of the Bored Ape Yacht Club in 2021 which was a massive success. Since then it on a role creating new IPs, buying some, several successful projects, and a top new gaming project, the Otherside. Another super successful runner web3 game by Yuga Labs is Dookey Dash which made waves on social media. But how did Yuga Labs reach superb heights? What is their gaming strategy? How simplest of games in less time doing well and not breaking? What elements are important in a successful Web3 game? Yuga Labs Chief Gaming Officer Spencer Tucker shared insights on Yuga Labs' journey and future while talking in Naavik Gaming Podcast. For Yuga Labs, their focus lies on the core, which is their community, specifically its NFT community. The idea is to deliver quality to its core community.

Infrastructure to Support Developers: Fostering Mass Adoption in Web3 Gaming. GDC reports Blockchain technology can revolutionize gaming. Developers are a big part of how the video game business adopts and uses new technologies. In the case of blockchain gaming, the major reason why people are becoming more interested in Web3 gaming is because of developers. A recent GDC State of the Game Industry study found that more than a quarter of game companies are interested in blockchain technology or already use it. This growing interest shows that Web3 games have a lot of promise. It focuses on the idea that blockchain technology could change how the game business works.

Let's take a look at Polygon's zkEVM, which is a layer-2 scaling solution that allows smart contracts on the Polygon network to be run in a way that is both fast and scalable. How does it do this, though? Using zero-knowledge proofs (ZKPs) and a trustless mechanism, the zkEVM Prover is a key part of generating and checking ZKPs to show that smart contract execution was done correctly. In this blog, we'll look more closely at how the zkEVM Prover is made and what it can do. How it lets developers build scalable, trustless, and decentralized apps on the Polygon network while reducing the costs and complexity of on-chain computation. So, buckle up and let's go! Polygon's zkEVM Prover is an important part of the Polygon network. It lets smart contracts on its layer-2 scaling solution run quickly and on a large scale.

DappRadar has shared a list of promising Web3 games that will be launching massive updates in the coming weeks, and in this article, we will analyze some of the best play-to-earn Web3 games available for May 2023. Play-to-earn games are becoming increasingly popular as gamers seek ways to earn cryptocurrencies while playing their favorite games. In the first quarter of 2023, several exciting Web3 games were launched, providing gamers with immersive gaming experiences. As Web3 becomes the norm, play-to-earn games will continue to gain popularity, and game developers are ensuring they meet gamers' standards. DappRadar has highlighted some of the most epic Web3 games to follow this month, and this article discusses and analyzes the list of Web3 play-to-earn games for May. The list of games includes The Sandbox, Shrapnel, Splinterlands, Paradise Tycoon, Eternal Dragons, NFL Rivals, Kaidro, and DEFY.

The article gives insights into the Growth, Fluctuations, and Innovations in the Blockchain Gaming and Virtual Worlds Industry. Blockchain gaming experienced a slight decline in activity in April 2023 according to a recent report by DappRadar. The report suggests a 10% decrease in overall activity. However, blockchain games still accounted for 38% of on-chain activity, demonstrating their continued relevance and potential for growth. The emergence of new gaming chains such as Arbitrum and Immutable X, with Arbitrum experiencing a 118.36% increase in users and Immutable X witnessing an 8.88% growth, reflects the ongoing expansion of the blockchain gaming ecosystem. This growth will lead to further innovation and a wider range of gaming experiences in the future. WAX is the most popular game chain right now, with more than 320,000 unique active wallets (UAW) being used every day. Polygon is in second place with more than 140,000 UAW, followed by Hive with about 86,000 UAW and BNB Chain with 82,000 UAW. Game makers and investors are both interested in Sui, a new blockchain network.

The auto-battle Web3 game Eternal Dragons just got a huge update that promises a ton of new and exciting content for its loyal players. Starting today, the update is in full swing. It adds lite NFT integration, which will let Genesis Eternal Dragons come out for the first time. Along with adding NFT, the update adds Quest Mode Challenges and makes a number of other changes and improvements to the game. Now, if a player takes part in a PvE Quest Challenge, they can win rewards on a daily basis. The change will make the game a lot more fun to play for players who will continue to level up. So, there's a lot to do after the update. You can go to Magic Eden to check your Genesis Holdings, go straight to PvE mode, or fight other players in PvP mode. Let's talk about how these changes will affect the game and the players.

The current economic approach of play-to-earn (P2E) games is one of the biggest problems with Web3 gaming. Play-to-earn games can be very profitable for some people, but they may not be able to keep going in the long run. Casual players don't like games that are more focused on making money than having fun. In a study, the Blockchain Game Alliance said that the main things holding back mass adoption are bad gameplay and hard-to-understand onboarding. To solve these problems, developers need to focus on making immersive and interesting gameplay, a smooth way to get started, and long-term economic models that put players first. Web3 games is a part of the blockchain business that is growing quickly. But Web3 gaming hasn't become popular yet, even though it has a lot of promise. A recent poll found that 75% of game developers plan to work with Web3 games in the future, and 56% of those surveyed think that Web3 technology will change the way games are made.

Web3 assets are still a long way from being used by most people. No matter if it's NFTs, cryptocurrency, tokens, or some other type of digital asset, there are a number of problems that are slowing the growth of Web3. One of the biggest problems is that states all over the world move slowly when it comes to making rules for Web3 digital assets. Part of the reason for the slow method is that Web3's new technology is very fluid. And politicians are trying to figure out and learn more about Web3. But experts say that states need to start regulating Web3 assets as soon as possible. Experts say that states should make rules about Web3 assets as soon as possible. And not wait until the field has reached its peak, since it is always changing. Monday at the Dubai FinTech Summit, there was a panel discussion where these thoughts and points of view were brought up.

The gaming business is on the verge of a big change. As technology keeps getting better, the possibility of more complete and interesting games is becoming a fact. But the business still has to get past a number of problems before it can reach its full potential. One of the biggest problems in the game business is that it has become too centralized. Mysten Labs presents Sui Blockchain, a Layer 1 blockchain and smart contract platform that makes it easy, private, safe, and quick for anyone to own digital assets.

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!