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

The Tokyo Games Show 2023 in Japan has unveiled a groundbreaking partnership between Elixir Games and Telos, poised to reshape the landscape of Web3 gaming and offer enticing rewards to players. This strategic collaboration aims to simplify access to Web3 projects and marks the integration of Telos into the Elixir Games Launcher. Furthermore, Telos is set to become the inaugural partner for the Elixir Awards program, with a commitment to offer one million $TLOS in on-chain rewards, ensuring an enduring sense of excitement among gamers.Key Highlights:Elixir Games and Telos Partnership: This partnership intends to provide gamers with straightforward access to high-quality Web3 games, making it more accessible for millions of potential players to enter the dynamic world of Web3 gaming via the user-friendly Elixir Games Launcher.First Round of Games on Telos via Elixir: Several exciting games, including Kiraverse by ParamLabs, LandBox by PWNED Studio, and TarzanTM by XLABEL, are set to premiere on Telos via Elixir. The inclusion of Altura will offer access to in-game NFTs, enhancing the rarity and thrill of these games.Elixir Games Launcher Exclusives: The Elixir Games Launcher will feature exclusive titles like Chronos, a post-apocalyptic role-playing game by SphereStudios; Mokens League, a cooperative online football game with real-time gameplay by Monsterleaguestudios; Tinies, a mobile action brawler by Elixir Games; No Way Back, a ninja combat royale game by Elixir Games; Tollan World, a web-based pixel art role-playing game by Foretold Studios; Safrootics, an open-world exploration role-playing game by AlabStudio; and Caveworld, a blend of combat, building, and bartering.Telos’ Ideal Blockchain for Gaming: Telos is well-suited for gaming use cases due to its capability to process over 15,200 transactions per second and generate blocks in under 0.5 seconds, without any unexpected downtime or delays. Its emphasis on speed and stability aligns with Elixir's mission to innovate within the Web3 gaming industry.Elixir Game Launcher's Versatility: Elixir Games offers a versatile and powerful platform that accommodates both Web2 and Web3 game developers. With strategic backing from gaming giant Square Enix, Elixir Games plays a pivotal role in the gaming industry.Upcoming Event: An official partnership start event is planned during the 2023 Tokyo Game Show, where launch dates for each game and additional information will be shared.Tokyo Game Show Highlights: The Tokyo Game Show, running from September 20th to September 24th, is hosting various presentations, including major prizes for games like Sonic Frontiers, Monster Hunter: Rise: Sunbreak, and Pokémon Scarlet & Violet. Viewers can catch the event's highlights on the official Tokyo Game Show social channel.About Telos: The Telos Foundation is a non-profit organization working independently of the Telos blockchain, focusing on its development and governance. Telos has gained recognition for its speed, security, and commitment to decentralization, with over a million active users, 250 decentralized apps (dApps), and 100 active partners.About Elixir Games: Elixir Games is an American technology company with a global workforce. Since its inception in 2019, it has been a leader in game distribution, in-game payments, and authentication, offering a comprehensive distribution tool for a wide range of games, including approximately 120 PC games developed in partnership. Elixir Games supports both Web2 and Web3 gaming.

Mythical Games, a pioneering player in the emerging Web3 era of gaming, has taken a significant step towards mobile gaming with the launch of Blankos Block Party, building on the successful debut of NFL Rivals.Blankos Block Party, originally a Web3 PC game, has now been adapted for mobile devices, capitalizing on Mythical Games' prior achievement with NFL Rivals for iOS and Android. NFL Rivals garnered immense popularity, amassing over 2.5 million downloads, particularly benefiting from its August release, coinciding with the start of the NFL season. Notably, NFL Rivals was a groundbreaking Web3 game available in app stores.John Linden, the CEO of Mythical Games, highlighted that NFL Rivals incorporated elements from both Web2 and Web3, with the advantage of not requiring cryptocurrencies or Mythical's proprietary tokens for in-app purchases, thereby avoiding related restrictions.Despite adhering to the rules of Google Play and the Apple App Store, Mythical Games successfully secured a prominent position in both app stores, notwithstanding Google Play's prohibition on Web3 games associated with gambling. Apple even recognized NFL Rivals as the "game of the day," a significant milestone for Mythical Games.Mythical Games conducted extensive discussions with app stores to align its strategy with Web3 technology while preserving a user-friendly, "gamers-first" experience, ensuring that players could enjoy NFL Rivals without the need to comprehend blockchain technology. NFL Rivals is exclusively available on iOS and Android devices.NFL Rivals allows players to acquire, enhance, and trade digital collectibles, with a dedicated Marketplace provided by Mythical Games for trading and selling these items. These collectibles can be purchased with virtual currency, known as Rivals credits, obtainable through app store transactions. While these in-game credits cannot be converted into real currency, they serve for in-game purchases.Notably, app stores take a 30% cut of in-game purchases made using Rivals credits, a significant step in compliance with the rules of both the App Store and Google Play Store. Players are also equipped with wallets to manage their tokens, although the Mythical token cannot be exchanged for other cryptocurrencies.John Linden expressed satisfaction with the positive industry feedback, signifying the company's growing popularity and transition from proving its concept to engaging with industry peers about new game releases.Regarding their interactions with Apple and Google Play, Linden mentioned that Apple was less open compared to Google Play, yet Mythical Games maintained regular communication with both platforms. At the time, it remained unclear if Apple had a formal policy on blockchain games, but the company was monitoring aspects of Web3 while not expressing concern about others.Mythical Games introduced a machine learning-driven feature that enhanced player lineups, resulting in a fourfold increase in secondary sales between players.Linden emphasized a crucial point in discussions with Apple: "50% of all players who bought something early from another player have come back to buy things in-app," indicating that Apple's approach was conducive to the platform.Blankos Block Party, currently available only for PC and Mac, is undergoing adjustments based on lessons learned, with plans for a mobile release designed to cater to both mobile and PC users. The company aims to address issues related to player spending and game promotion, with hopes of performing well in mobile app stores.Overall, Mythical Games expressed optimism about the future of Web3 gaming, with Linden stating that Web3 was approaching a turning point and that they were on track to add approximately one million new players to the game each month.

LegendsofCrypto (LOCGame) is a unique NFT collectible card game that pays homage to prominent figures in the crypto world. This innovative game combines digital and physical elements, offering players a chance to earn exclusive physical table game cards by topping the LOCGame leaderboard. The gameplay of LOCGame stands out by embracing a triad battle system reminiscent of Final Fantasy VIII's side game, departing from the more common Hearthstone-inspired formats. Gameplay and Modes:To play LOCGame, players need a deck of at least 15 NFT collectible cards, available in packs of 15 or 5 for purchase. The game features three modes: Story mode, leaderboard, and multiplayer PvP mode. Story mode explores crypto capitals like New York, Singapore, Hong Kong, London, and Miami. PvP mode includes various options like friendly matches, PvP tournaments, battle royales, and competitive tournaments. In PvP, players can wager LC coins earned in the game, with the winner taking the pot after a 2% commission is deducted. LC coins can also be exchanged for LOCG tokens, listed on Uniswap. NFT Card Collections and Game Layout: The game's layout resembles Tic Tac Toe with a 3x3 grid, and the objective is to deplete the opponent's cards. Each NFT card possesses unique power attributes for directional attacks. High-end designer NFT card collections from Prada, Burberry, Moschino, DSquared, and Etro are available in Legendary and Super Elite rarity categories. However, a pack of 15 NFT cards only contains one designer card. Mobile Launch and In-Game Cosmetics: LOCGame plans to launch a mobile version, prioritizing a seamless and user-friendly interface. Blockchain technology will be integrated in a way that minimizes player effort, making it accessible via app stores. The game will automatically create wallets for players, encouraging blockchain adoption over time. In-game cosmetics will allow players to customize their NFT characters. Card Progression and Forging:The game features a robust card progression system, and the new NFT standard allows players to forge and merge characters. LegendsofCrypto Lore: The game's lore pays tribute to Satoshi Nakamoto, the creator of Bitcoin, and the crypto pioneers who have contributed to the blockchain revolution. These individuals are referred to as "Legends" for their role in building a new era of finance and technology. The game aims to honor and celebrate these crypto heroes. About LegendsOfCrypto (LOCGame): LegendsOfCrypto, also known as LOCGame, is a play-to-earn NFT card game that celebrates figures in the blockchain industry. It serves as a community for crypto enthusiasts, offering rewards such as unique NFTs, in-game Legendary Coins (LCs), and the native utility token $LOCG. Players can enjoy entertainment and education about the value of the crypto world while contributing to the vision of a decentralized future.

Korea Blockchain Week 2023, a prominent annual event in the blockchain and cryptocurrency space, showcased several key insights and developments that have the potential to shape the future of blockchain technology. Notably, the event revealed a growing surge of web3 innovation in Asia, particularly in Japan and South Korea, signaling a shift in global attention towards the East for fresh ideas and projects. Web3 Gaming Economy Innovations: Web3 technologies, with a strong emphasis on gaming applications, stood out prominently at the event. South Korea, renowned for its leadership in esports and free-to-play gaming, is poised to become a leader in web3 innovation as well. Despite legal restrictions preventing play within the country, numerous web3 gaming projects are thriving in the region. Wemade, a major sponsor of the event and a well-known mobile game publisher, introduced their cross-chain solution named unagi (Unbound Networking and Accelerating Growth Initiative). This solution streamlines asset transfer between blockchains and asset tracking. The upcoming una wallet, set to release in Q4, will be an integral component, accessible via browser extensions and mobile apps, initially supporting eight chains, including Ethereum and BNB Smart Chain, two prominent gaming blockchains. Planetarium Labs, known for the MMO Nine Chronicles, unveiled Verse8, an "open-source decentralized roguelike RPG protocol." Beyond being a game, Verse8 serves as a protocol equipped with tools for creating, distributing, and monetizing virtual worlds. The aim is to foster collaboration and empower individuals to design RPGs, encouraging multiplayer gaming, gaming communities, and virtual economies. Netmarble's Pioneering Web3 Initiatives: Netmarble, a South Korean mobile game publisher recognized for collaborating with major brands such as Marvel, DC, and Jurassic World, is actively engaged in web3 gaming initiatives. Despite facing challenges, Netmarble is committed to simplifying web3 for players unfamiliar with the technology, particularly in the mobile gaming sphere where they hold a strong global presence. They introduced gMBXL, a unified in-game currency for the Marblex ecosystem, underlining their dedication to enhancing token economics and utility across games. Story Protocol: Democratizing IP Creation: Story Protocol, often described as "Git for IP," made significant strides in revolutionizing intellectual property (IP) creation during Korea Blockchain Week. Utilizing blockchain technology, Story Protocol seeks to democratize IP creation across various domains, extending beyond game IP. The platform encourages contributions, remixing, and revenue generation while emphasizing clear attribution and automatic royalty payments. Backed by $54 million in funding led by a16z, Story Protocol aims to transform the management, verification, and utilization of IP within creative industries. Challenges and Shift in Mindsets: Despite the enthusiasm for web3 gaming, South Korea faces challenges due to a nationwide ban on games involving NFTs or cryptocurrencies. Nevertheless, developers are actively seeking solutions to circumvent these limitations while upholding the spirit of web3 gaming. A noteworthy observation is the differing approaches taken by South Korea and Japan in tokenomics models and NFT ownership. South Korea has historically favored play-to-earn models, while Japan has leaned towards NFT ownership. Korea Blockchain Week 2023 suggests a gradual shift in South Korea's mindset towards adopting Japan's NFT-focused approach. In summary, Korea Blockchain Week 2023 underscored South Korea's strong commitment to advancing web3 gaming and blockchain technology. The event exuded excitement and determination to overcome challenges, showcasing the transformative potential of web3 in established IPs like MapleStory and the exploration of blockchain's broader applications beyond the gaming industry.

In this extensive exploration of Web3 Gaming, we embark on a journey that spans the fascinating world of Play-to-Earn (P2E) games, Crypto Games, and NFT Games. This article provides a comprehensive overview of these innovative gaming concepts, how they leverage blockchain technology, and what they mean for players and enthusiasts. From the introduction to the FAQ section, we delve into intricate details, ensuring a thorough understanding of this transformative gaming landscape.Introduction: The introduction sets the stage by defining Web3 Gaming and its intersection with blockchain technology. It paints a picture of how this fusion has redefined gaming, bridging the gap between entertainment, finance, and technology. Understanding Play-to-Earn Games: This section delves deep into the core of Web3 Gaming, specifically Play-to-Earn (P2E) games. We explore how these games allow players to earn cryptocurrencies and NFTs by participating in various in-game activities. Detailed explanations cover the diverse opportunities within P2E games, from completing quests and challenges to trading in-game assets or competing with others. The section emphasizes the integration of blockchain technology, ensuring transparency, security, and true ownership of in-game assets. Web3 Gaming: Beyond Play-to-Earn: While P2E games dominate the conversation, we broaden our horizons to encompass the wider realm of Web3 Gaming. Here, readers gain insight into how various blockchain-based games leverage decentralized technology. These games introduce innovative gameplay mechanics, diverse storytelling, and true ownership of in-game assets. Genres and examples are explored, illustrating how Web3 Gaming redefines the gaming experience. The Difference: P2E vs. Web3 Gaming: In this segment, we draw a clear line of distinction between P2E games and Web3 Gaming. The focus of P2E games is elucidated, emphasizing the central role of earning cryptocurrencies and NFTs. Conversely, Web3 Gaming extends its reach beyond this paradigm, encompassing a broader range of gameplay mechanics, artistic expression, and storytelling. Discovering the World of Crypto Games and NFT Games; Readers are introduced to the extensive platform at PlayToEarnGames.com, which serves as a comprehensive portal for gamers and blockchain enthusiasts. Over 2,300+ game reviews spanning various genres are highlighted, along with a daily stream of news, trends, and developments in the Web3 Gaming space. Exclusive interviews with game developers provide valuable insights into their creative processes and visions for the future of gaming.Exploring the Catalog: Titles, Blockchains, and More: This section serves as a detailed guide for readers seeking specific gaming experiences. It provides a comprehensive overview of genres, including RPGs, action games, adventures, card games, and NFT-centric experiences. The article also details the blockchain platforms on which games are built, including Arbitrum, Flow, Solana, Arbitrum Nova, and Binance Smart Chain. Game categories such as Play to earn, Free to Play, Pay to Access, Move to earn, and MMORPG/Social are explained. Additionally, the status of games, whether they are in Alpha, in development, available soon, closed Alpha, or live, is meticulously outlined. In Conclusion: The article concludes by inviting readers to embark on an immersive journey through the captivating realms of Web3 Gaming, Play-to-Earn Games, Crypto Games, and NFT Games. Whether they are seasoned gamers or newcomers to the world of blockchain technology, the platform at PlayToEarnGames.com offers a gateway to discovering, understanding, and thriving in this transformative landscape. It emphasizes the boundless rewards and adventures awaiting those who join this exciting expedition.

The article, as reported by Ed Chang of Ava Labs, discusses the growing trend of web3 gaming, a fusion of traditional online gaming and blockchain technology. Explore the world of Web3 gaming with insights from industry experts. Discover challenges, opportunities, and the future of blockchain-infused gaming. While the concept is gaining traction, there are significant challenges to overcome in order to fully realize its potential. Web3 Gaming Expansion: Web3 gaming is a rapidly expanding industry that combines online gaming with blockchain technology. Despite its potential, both game developers and players have yet to fully embrace this innovation. Reputation and Trust: Gaming studios have been striving to improve their reputation, especially after the "play-to-earn" era. Gaining the trust of Web 2 gamers is crucial, as investors and businesses are keen on attracting the next generation of users to cryptocurrency and web3 technologies. Challenges in "Play and Earn" Strategy: Ed Chang points out that integrating blockchain features into games can benefit all genres. However, there are debates in the industry about the balance between the "play" and "earn" components in web3 games. Striking the right balance is essential to create compelling games without compromising quality and enjoyment. Metrics and Development: Chris Akhavan, the Chief Gaming Officer of Magic Eden, suggests that web3 gaming is still in its early stages. Developers are exploring metrics specific to web3 gaming, such as Wallet and Marketplace usage, in addition to traditional metrics like Installs and Daily Active Users. Complex Game Development: Creating engaging web3 games can be a complex and time-consuming process, leading to a delay in their release. However, experts anticipate a shift away from the play-to-earn model as web3 ownership and alignment between players and developers increase. Improving User Experience: The user experience (UX) remains a significant challenge in web3 gaming. Simplifying the process of creating wallets and linking them to gaming platforms is crucial for reducing friction and increasing user satisfaction, potentially leading to broader adoption. Play-to-Earn Evolution: The "play-to-earn" approach, which gained prominence in the web3 gaming industry between 2021 and 2022, is undergoing a rebranding. Terms like 'play to own,' 'play and earn,' and 'win to earn' are now used to better describe the mechanics of these games and improve clarity and confidence in the industry. Web3 Gaming Predictions: Asia, particularly South Korea and Japan, is expected to lead in the adoption of web3 gaming over the next five years. These regions with strong gaming cultures and growing interest in blockchain are likely to see the success of web3 gaming models before Western markets. Infrastructure Improvement: The future of web3 gaming faces uncertainties due to various challenges and cryptocurrency volatility. Addressing issues with the user interface and striking a balance between enjoyment and profitability are essential. The industry is shifting towards making games that seamlessly incorporate blockchain technology without altering the core gaming experience. Final Thoughts: The article concludes that all gaming genres, especially those with robust economies, can benefit from web3 ownership. Developers must focus on creating exciting experiences for players to stand out in the market. Overall, web3 gaming has a promising future if challenges related to design, user experience, and monetization can be effectively addressed. The industry is expected to grow and attract mainstream gamers as more web3 games are developed and released.

The gaming industry is undergoing rapid transformation, driven by the emergence of web3 gaming, which integrates blockchain technology into traditional gaming. This fusion holds the promise of revolutionizing ownership, monetary systems, and gameplay dynamics. In this article, we explore the evolving landscape of web3 gaming, highlighting its potential and the challenges it faces. Web3 gaming, although still in its infancy compared to the established traditional gaming industry, exhibits significant growth potential. Particularly, the realm of crypto games has witnessed a surge in user engagement and activity, indicating a promising future. Tracking key metrics such as user counts, unique wallets, and on-chain transactions reveals the vibrancy of the web3 gaming community.However, web3 gaming confronts several challenges that hinder its widespread adoption:Play vs. Earn Dilemma: Striking the right balance between the enjoyment of gameplay and the opportunity to earn money presents a critical challenge. The industry is grappling with decisions regarding prioritizing fun or profit, which will significantly shape its future direction and player engagement.User Experience (UX) Barriers: Web3 gaming's UX faces significant hurdles, including the complexity of onboarding wallets and integrating fiat on- and off-ramps. Simplifying the user journey and reducing transaction friction are vital for expanding the web3 gaming ecosystem.Evolution of Game Development: Developers are now tasked with more than just adding blockchain technology to their games. The focus is on creating enjoyable, compelling, and community-friendly games that leverage blockchain elements to enhance gameplay without overshadowing the core experience.The play-to-earn model, once a dominant trend in web3 gaming, is undergoing a transition. Initially celebrated, this model has encountered criticisms and challenges, partly due to misuse and unsustainable schemes. Consequently, the industry is shifting towards models emphasizing ownership and economic alignment between gamers and developers, moving away from the pure play-to-earn approach.While the web3 gaming market is still nascent, its trajectory holds significant importance for stakeholders. All traditional gaming genres can benefit from incorporating web3 ownership elements, but core genres driven by deep economies are expected to thrive. This aligns with the vision of using blockchain elements to enhance gaming experiences.The landscape of web3 gaming is not uniform globally, with Asia, particularly countries like Korea and Japan, leading in terms of investment and adoption. This region serves as a testing ground where web3 models demonstrate their viability before potential adoption by Western markets.In this dynamic space, developers must pivot from pre-selling NFTs and tokens to creating games that players genuinely want to enjoy. The era of hype-driven token sales for unreleased games is ending, emphasizing the importance of delivering compelling gaming experiences.Web3 gaming is an exciting frontier in the gaming industry. Despite adoption challenges, the industry has demonstrated resilience and innovation in finding solutions. Striking a balance between gameplay and earnings and improving the user experience will be pivotal in realizing web3 gaming's full potential. As technology advances and more captivating web3 games emerge, the future holds the promise of a more immersive gaming experience that truly belongs to the players.

Hong Kong's pursuit of becoming a prominent Web3 gaming hub in Asia and its commitment to blockchain technology and cryptocurrency have faced both enthusiasm and challenges. This extensive summary delves into the city's journey in embracing Web3 technology and digital assets. For years, Hong Kong has aspired to establish itself as a pioneer in the Web3 space. In early 2022, the city's financial sector made significant strides, despite enduring hardships such as mass protests, the implementation of the National Security Law, and COVID-19 lockdowns. During this time, there was a palpable surge in interest in cryptocurrencies, blockchain technology, and the Web3 revolution, characterized by virtual reality, non-fungible tokens (NFTs), and decentralized financial tokens like Bitcoin and Ethereum.However, the initial hype around cryptocurrencies and Web3 began to wane after 18 months, partly due to numerous interest rate hikes and high-profile failures in the industry, notably involving FTX and Three Arrows Capital. Concurrently, both U.S. and Chinese authorities intensified their scrutiny, with Coinbase and Binance facing SEC charges for various securities-related offenses in June 2023. Beijing had already imposed restrictions on cryptocurrencies in 2013 and reinforced its crackdown in 2021. Nevertheless, cryptocurrencies like Bitcoin, Ethereum, and USDT continued to be traded on global exchanges, retaining their substantial value.Despite these challenges, Hong Kong remained committed to its vision. In October 2022, the government of the Hong Kong Special Administrative Region (HKSAR) released a strategy statement outlining its determination to establish itself as a vibrant hub for virtual assets, even as the initial excitement around cryptocurrencies and Web3 waned. Hong Kong's Financial Secretary, Paul Chan, emphasized the city's belief in the potential of the digital economy and Web3. Importantly, the U.S. SEC clarified that it did not consider Bitcoin, Ethereum, or USDT as securities. On August 4, Hashkey and OSL became the first cryptocurrency exchanges in Hong Kong to offer retail trading services. Previously, Bitcoin trading in Hong Kong had predominantly occurred in unregulated markets.Experts, such as Assistant Professor Brian Wong of Hong Kong University, noted that the city's leaders aimed to foster financial innovation and assert Hong Kong's distinct position on the global stage amid geopolitical competition.Hong Kong's historical role as a financial bridge between China and the rest of the world, coupled with its stable legal system, has given it a competitive edge in the fintech and Web3 sectors. However, given the city's economic reliance on China and the U.S., it remains uncertain whether Hong Kong's Web3 endeavors are a bold move towards becoming "Asia's freewheeling financial hub" or a continuation of existing policies.There are concerns about the long-term sustainability of Hong Kong's Web3 aspirations. Some, like digital currency researcher Hugh Harsono, believe that while Hong Kong's future as a fintech hub appears promising in the short term, uncertainties surrounding its legal standing with China and potential tightening of regulations in either China or the U.S. could pose risks to the sector.Notably, despite restrictions on cryptocurrency trading, China ranked tenth in global crypto adoption in 2022, suggesting that Chinese users accessed crypto services via VPNs. This could indicate that Hong Kong may prefer to establish regulations for digital assets rather than an outright ban, potentially benefiting from hosting cryptocurrency exchanges if China and the U.S. abandon the sector.In addition to cryptocurrencies, Web3 encompasses various digital assets beyond digital currency. Industry insiders, like Jonathan Mui, co-founder of Moongate (an NFT-based ticketing company), are optimistic about Hong Kong's potential in the Web3 space. They believe that businesses like Moongate, offering virtual goods and services, could become catalysts for the city's economic growth.While the success of Hong Kong's Web3 plans remains uncertain, the government appears determined to take calculated risks rather than risk being left behind in this rapidly evolving technological landscape.

Nolan Bushnell, widely known as the "godfather of video games," has had a profound impact on the gaming and entertainment industries throughout his career. Currently serving as the Chief Knowledge Officer at Moxy, a blockchain-based esports company, Bushnell offers his visionary insights into the convergence of blockchain technology, gaming, and the broader cryptocurrency landscape in a recent interview.Traditionally, cryptocurrency and nonfungible tokens (NFTs) faced skepticism from the gaming community. Bushnell attributes this skepticism to the rapid rise of play-to-earn games, which were among the earliest adopters of blockchain technology. These blockchain-based games introduced a unique feature: players could accumulate digital assets and earn money within the game by trading NFTs.According to Bushnell, the disdain for cryptocurrencies among traditional gamers stems from the mechanics of play-to-earn games. He argues that dedicated gamers value fun over monotonous grinding, a gameplay element present in many play-to-earn games. In his words, "What gamers want is fun, and unfortunately, these play-to-earn games are 100% dependent on the greater fool theory to work." The greater fool theory suggests that the success of play-to-earn games relies on attracting new participants willing to invest money, which in turn benefits earlier participants, raising concerns about the long-term sustainability of such ecosystems.Bushnell's illustrious career spans a wide array of groundbreaking projects and adventures that have left an indelible mark on the world. While he is often referred to as the "father of video games" for his role in founding Atari, his contributions extend beyond gaming. He was instrumental in launching Chuck E. Cheese, a popular American restaurant chain that combines entertainment and dining. Furthermore, Bushnell is credited with hiring Steve Jobs, the visionary co-founder of Apple Inc., during Jobs' early career.Given his extensive experience, Bushnell's insights into the synergy between blockchain and gaming carry significant weight. He believes that blockchain technology is poised to bring about a transformative shift in the gaming industry.Bushnell identifies three fundamental pillars of blockchain's impact on gaming. First and foremost, he emphasizes the ability of blockchain to facilitate secure and seamless transactions within the gaming ecosystem. He notes, "We want to make gaming a place where people can compete, and to have good competition, you need to be able to easily and securely transfer funds." This addresses a critical issue in the gaming world—ensuring the safe transfer of digital assets and in-game currencies.The second pillar centers on the utility of smart contracts. Bushnell contends that smart contracts can revolutionize not only gaming but also various interpersonal agreements. He explains, "So much of what we do in life is build relationships and then decide how they will work." Smart contracts, which autonomously execute agreements without the need for trust, have the potential to reshape player interactions and interactions with game developers.The third pillar concerns the secure storage of digital asset values, such as cryptocurrencies and tokens, on the blockchain. The safety and decentralization inherent in blockchain technology instill trust and transparency that conventional gaming platforms often lack.Bushnell's personal journey into the realm of cryptocurrencies underscores the transformative potential of blockchain technology. Initially introduced to cryptocurrencies by Brock Pierce, a key figure in the creation of Tether, Bushnell paid little attention to this emerging digital asset when Bitcoin was valued at around $50. However, like many worldwide, his interest grew significantly as he witnessed the astronomical rise in Bitcoin's price. This surge prompted him to delve deeper into the world of blockchain and cryptocurrencies, recognizing their broader implications.Discussing his approach to cryptocurrencies, Bushnell acknowledges the inherent price volatility in the crypto market. He highlights the power of collective perception of value, asserting that "Anytime humans are capable of sharing a perception of value en masse, we're usually in the clear." In essence, he recognizes the potential for cryptocurrencies to reshape traditional financial paradigms through a shared understanding of their value.

Earn Alliance, a prominent web3 aggregator platform, is hosting the Mint Marathon event, a three-week extravaganza where users can mint free NFTs from 16 top-tier web3 games operating on the Binance, Polygon, and Immutable blockchains. This event aims to showcase the immense potential of web3 gaming and foster cross-promotion among these games, while also offering players the chance to explore a diverse range of web3 titles and compete for exclusive prizes.The Mint Marathon is being touted as the largest event of its kind, promising a cutting-edge experience for both players and developers. The lineup includes standout titles such as "Born to Die," "Magic Craft," "The Last Monarchy," and "Medieval Empires." Earn Alliance is eager to provide an exhilarating experience that could potentially reshape the web3 gaming landscape.The impressive roster of 16 top-tier games participating in the Mint Marathon includes:Born to DieMagicCraftGravityUltimate ChampionsKingdom StoryOxya OriginLegends of ElysiumSunflower LandLast ResortMeta ApesShutdownThe FabledCrop BytesThe Last MonarchyMy NFT WarsMedieval EmpiresJoseph Cooper, the CEO and founder of Earn Alliance, expresses his enthusiasm for the event, emphasizing the platform's commitment to empowering fans to discover web3 games. The Mint Marathon has exceeded his expectations due to the sheer number of playable games available across three different blockchain networks.In a recent development, Earn Alliance has entered into a significant partnership with GAM3S.GG. The two companies announced a Multi-tier Badge Reward Program, which offers various rewards to users who engage with both platforms. Users can earn benefits by creating a GAM3S.GG Tier 1 Badge in Earn Alliance and completing quests on the GAM3S.GG platform. These rewards include enticing prizes like a PlayStation 5, 50 randomized NFTs, and boosters for Tier 2 Badges. Additionally, Tier 2-5 Badges are in the pipeline, promising more quests and awards to enhance the gaming experience on the GAM3S.GG platform.The Mint Marathon event calendar features three days before each Mint Event where players can unlock achievements required for minting. To mint a blockchain network badge, participants must complete at least three mint activities every week. For instance, during Binance week (September 18th to 23rd), users who engage in at least three Mint Events between September 21st and 23rd can mint the BNB badge. Minting these badges enters members into raffles for exclusive prizes associated with each blockchain network. Three hundred fortunate users, one hundred from each blockchain network, will win exceptional gifts at the Mint Marathon.Earn Alliance boasts around 220,000 users, making it a valuable hub for the latest games, updates, and NFT releases. In 2023, the platform facilitated the minting of an impressive half a million NFTs, catapulting games like BigTime and Stella Fantasy into the spotlight and driving substantial community growth.Earn Alliance plays a pivotal role in connecting players and creators of web-based video games, serving as the largest aggregator and discovery site of its kind. With over 100,000 unique visitors each month, the platform is a central repository for all web3 gaming developments, featuring thousands of games, news updates, NFT launches, and engaging content. Games such as BigTime, Kingdom Story, Stella Fantasy, and Gods Unchained benefit from the platform's reach, which aggregates over 2400 web3 game social and content feeds and accelerates game community growth by up to 362% within minutes. Earn Alliance's vision includes becoming the first self-serviceable NFT launch platform and marketplace aggregator dedicated to gaming, providing a unified minting experience across online browsers, the Apple App Store, and Google Play.

A new and exciting Web3 NFT fantasy soccer game is set to make its debut in North America, bringing joy to football (soccer) enthusiasts. This innovative NFT game draws inspiration from the renowned Spanish football league, La Liga, and is being developed by GameOn in collaboration with La Liga North America. The prospect of this Web3 game holds immense potential and promises to be a treat for La Liga fans across the United States and Canada.Features and Benefits for Players:La Liga NFT player packs will be available to players in the US and Canada. These packs will enable players to assemble fantasy soccer lineups and accrue points based on the real-world performance of the players they select. More impressive performances will yield higher point totals for players.Personalization options are a highlight of this game, allowing players to customize their avatars with digital gear such as hats, jerseys, cleats, and shoes, enhancing the vibrancy of their in-game personas.In early 2024, GameOn intends to introduce its La Liga-themed web app to users in the United States and Canada. The app will offer a range of interactive features, including social chat functions that allow friends and fellow players to interact while staying within the platform.Exciting opportunities await fans as they can compete for various prizes, including cash rewards, VIP tickets to matches, autographed merchandise, and exclusive access to meet-and-greet sessions with soccer players.GameOn has plans to create engaging games centered around La Liga's two soccer leagues: the premier La Liga EA Sports and the second-tier La Liga Hypermotion.GameOn CEO Matt Bailey's Perspective:GameOn CEO Matt Bailey emphasized the company's enthusiasm for entering the North American market, particularly with Web3 games. He underscored that the success of Web3 games doesn't necessarily depend on massive user numbers but on having a dedicated and engaged user base. Bailey emphasized that Web3 technology offers ownership, interoperability, and rewards, aligning with the desires of fans, especially the tech-savvy Gen Z, who seek active involvement, content ownership, and rewards.La Liga's Growing Popularity in North America:The popularity of La Liga in North America has been on the rise. In 2021, ESPN signed an eight-year media rights deal with La Liga, allowing ESPN+ to stream games from the top Spanish soccer league until the 2028-29 season. This agreement marked a significant milestone, bringing top-level Spanish football to American viewers. High-profile exhibition games in the US featuring teams like FC Barcelona and Real Madrid have further fueled interest in La Liga in the region.Insights into GameOn and Its Investors:GameOn, spearheaded by Matt Bailey, initially started as a company developing trivia and prediction games for entities like the WNBA, Dick's Sporting Goods, and NBCUniversal. However, GameOn's evolution led it into the Web3 space, where it created games based on NFTs for organizations like the Professional Fighters League and Karate Combat, showcasing its adaptability and creativity in an ever-changing industry.GameOn's "chain agnostic" approach means it can collaborate with various blockchain technologies. Past ventures have seen GameOn utilize blockchain networks like Polygon and Hedera.The company has ambitious plans for the future, including the creation of a token to link all games in its Web3 gaming ecosystem. This token will enhance the gaming experience for partner clients, such as La Liga and the Professional Fighters League (PFL).Notable investors in GameOn include Polygon Studios, Hedera, Dapper Labs, Techstars, Comcast, Lightning Capital, and Times Internet. Of particular significance is Dapper Labs' $1.8 million investment in GameOn's seed round, given Dapper Labs' track record of successful ventures like NBA Top Shot and NFL All Day, further solidifying GameOn's position in the Web3 gaming sphere.

Champions Arena, a captivating mobile RPG developed by Gala Games and OneUniverse, brings together the thrill of trading card games, gacha mechanics, and the option of Non-Fungible Tokens (NFTs). This mobile-first RPG is accessible on iOS, Android, and Windows PC, and in this comprehensive guide, we'll delve into the game's mechanics, how to play, and the potential rewards it offers.Downloading Champions ArenaThe process of downloading Champions Arena is fairly standard across different platforms. Players must either log in to their existing Gala Games account or create a new one. It's worth noting that having a cryptocurrency wallet is not a requirement for creating a Gala Games account or playing the game.After successfully signing up for a Gala Games account, PC players can access Champions Arena directly from the developer's website. For iOS users, the game can be found on the App Store, while Android users can download it from the Google Play Store. Importantly, players should ensure that they've recently logged into their Gala account on the same device they intend to use for playing to avoid login issues. This means mobile users may need to log in via a mobile web browser, such as Safari for iOS or Chrome for Android.Purchasing Gems in Champions ArenaIn Champions Arena, "gems" are one of the in-game currencies and can be acquired through the Gala Games website, using either cryptocurrency or real-world currency. To purchase gems with cryptocurrency, players on mobile devices and PCs will need to access a web browser outside of the game.For PC players, simply visit the Gala Games website and select the "Games" option to find various gem packages that can be purchased using cryptocurrencies like Ethereum (ETH) or GALA tokens. After September 2023, gem purchases will be exclusively available to crypto users. Conversely, mobile players will use real-world currency to acquire "summoning tickets" for obtaining new characters and "Soulstones" for upgrading existing ones.Playing Champions ArenaIn Champions Arena, players can earn in-game currencies like "gold" and experience (XP) simply by logging in, as the game includes numerous idle activities. The primary objective is to build a team of four playable characters known as Champions and enhance their levels for various group battles.Gameplay revolves around four-on-four battles, where players control a team and utilize a deck of cards to strategize and execute attacks, defenses, and magic spells. Champions and cards are categorized into three different colors or "factions" – yellow (Harmony), red (Destruction), and blue (Prosperity).Synthetic Currencies in Champions ArenaThe game offers a wide array of currencies, including both paid and unpaid gems, cash, Lapis, Mileage Points, Soulstones, Upgrade Stones, XP points, Essence, and Condition Potions. These are not digital currencies but serve specific in-game purposes.Acquiring New ChampionsPlayers can unlock the initial set of four to eight playable characters relatively quickly after installing the game and completing certain in-game achievements. However, acquiring additional Champions involves the premium summoning mechanic, akin to a random loot box (gacha). To perform a premium summon, players need either one Premium Summoning Ticket or 1,000 gems (approximately $10.66). Joining an "Estate," the game's equivalent of a guild, can reduce the cost of a Premium summon by nearly half.Leveling Up ChampionsChampion strength is determined by both their numerical level and star level. Players can increase a Champion's level by spending gold, while star levels can be enhanced by collecting Lapis and character-specific Soulstones. Duplicate Champions can be dismantled for Soulstones, providing a source of experience.To upgrade equipment, players need a combination of gold and Upgrade Stones, available in the Champions menu and the Equipment tab of the inventory. Higher-level characters can utilize rarer and more potent equipment.NFTs in Champions ArenaBy default, players in Champions Arena do not have NFT status, and creating an NFT version of your character can be somewhat costly. Players can transform their characters into NFTs using "Minting Scrolls," with the number of scrolls required varying for each Champion.Final ThoughtsChampions Arena is a mobile RPG that caters to both casual and competitive players with its rewarding gameplay, "farming" mechanics, and diverse game modes. While it's possible to enjoy the game without spending money, acquiring new characters may take longer. The option to convert characters into NFTs exists but is entirely voluntary.

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.

The world of cryptocurrency and Web3 gaming is a rapidly evolving landscape where innovative opportunities for passive income are emerging. Staking, a concept that can seem complex at first, plays a pivotal role in this ecosystem by allowing individuals to profit from holding specific cryptocurrencies. This blog explores the exciting concept of Web3 gaming and how staking rewards are being integrated into games like LandRocker to enable players to earn more money.In 2022, the cryptocurrency market witnessed over $20 billion in transactions on the Ethereum network alone, with additional billions on networks like Solana, Cardano, and BNB Chain. What makes this market even more appealing is the ability to invest in a "staking" account and passively accumulate cryptocurrencies over time. The concept of crypto staking, which has gained popularity in the digital realm, has now made its way into the Web3 gaming industry. As this industry continues to expand, it is constantly searching for ways to enhance the player experience. The synergy between players earning more money and the overall improvement of the gaming experience creates a win-win situation.The Surge of Staking in the Crypto World:Blockchain technology relies on a consensus mechanism to validate transactions. The initial approach, known as Proof-of-Work (PoW), was resource-intensive and led to inefficiencies on most blockchain networks. Proof-of-Stake (PoS) emerged as an alternative mechanism for verifying transactions, wherein users are randomly selected to validate blocks, forming a subset of validators.PoS is more efficient than PoW, but it requires a significant number of users to participate in staking or provide liquidity to the network. Cryptocurrency exchanges have introduced staking pools to facilitate user participation in staking. In exchange for locking their cryptocurrency holdings and helping secure the network, users receive passive income in the form of regular deposits.Even if users do not intend to sell their cryptocurrencies, they can still benefit by participating in staking, earning attractive returns. This is evidenced by the billions of dollars' worth of crypto assets that are staked annually, underscoring the popularity of this passive income method.Staking for New Web3 Gamers:Despite the potential rewards, many individuals remain unfamiliar with staking due to its perceived risks and complexity, which presents a barrier to its integration into the Web3 gaming ecosystem. Some may be intimidated by the intricacies of cryptocurrency trading, and even members of the Web3 community may lack the necessary knowledge of using cryptocurrency exchanges.To address this challenge, Web3 gaming developers are working to seamlessly integrate betting mechanisms into their games. This approach allows players to engage in cryptocurrency-related activities without the need to learn a new system or navigate the complexities of crypto trading. Users can bet on in-game assets, such as LRT (LandRocker Tokens), to obtain additional in-game benefits, better tools, or to contribute to liquidity pools for passive income.By making staking a natural part of the gaming experience, Web3 gaming platforms are lowering the entry barriers for players who want to earn money or simply enjoy playing "play-to-earn" (P2E) games. This in-game betting model showcases the viability of cryptocurrency trading within the Web3 gaming ecosystem. Staking in Web3 gaming, as exemplified by LandRocker, is not an afterthought but an integral component designed to enhance user engagement.Final Word:Web3 gaming presents an exciting opportunity for players to interact with cryptocurrency processes without the need to navigate the complexities of the broader cryptocurrency ecosystem. By seamlessly integrating staking into fundamental gameplay loops, users can maximize their engagement within these ecosystems while pursuing various objectives based on their preferences.The expansive world offered by LandRocker is a testament to the potential synergy between gamers and crypto enthusiasts in the Web3 gaming space. As the Web3 gaming industry continues to evolve, it is likely that more innovative approaches to staking and earning through gaming will emerge, further bridging the gap between the gaming and cryptocurrency worlds.