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

Epic Games Store is introducing 20 new NFT games on its marketplace, it will help Web3 games to gain more exposure.

Crypto Market Soars as New Blockchain Partnerships and DeFi Innovations Drive Adoption.Due to a number of important events, the cryptocurrency market has grown by a huge amount in the past few months. The world of cryptocurrencies is changing at a rate that has never been seen before, from big partnerships between blockchain projects and traditional institutions to big steps forward in decentralized finance (DeFi). In this article, we'll look at the latest news about digital currencies, focusing on the positive trends that are shaping their future. Established financial institutions and cryptocurrency projects are collaborating in interesting ways, which is a big step toward mainstream adoption.

Over the past week, the Web3 gaming scene has witnessed numerous intriguing developments. The Gamesbeat Summit 2023 concluded with accolades recognizing innovative ideas and emerging talent. Gala Games has officially launched GRIT, a Western-themed battle royale game, and concurrently burned a significant number of tokens, emphasizing its commitment to stability. The Eternal Dragons game introduced a novel gameplay feature called Void Affinity, adding depth to strategic gameplay.Meanwhile, Illuvium Zero commenced its Alpha Season, allowing players to gather rewards, blueprint items, and participate in the Illuvial Biodata ecosystem. Gods Unchained unveiled its 2023 roadmap, outlining plans for various enhancements, new game modes, improved player experiences, and a mobile app release. Additionally, Openfort secured $3 million in funding to advance its "wallet-as-a-service" software for streamlined crypto transactions in gaming.Gala Games' GRIT Launches: Gala Games introduced the game GRIT, offering players a unique Western-themed battle royale experience. The game features Gunslingers, a collection of 10,000 NFT characters that players can use in-game. GALA tokens are used for rewards, and a Battle Pass system grants access to special items and potential future updates such as leaderboards and tournaments.Gamesbeat Summit 2023 Highlights: The Gamesbeat Summit 2023 showcased the adaptability of the gaming industry, featuring discussions on AI, novel business models, and Web3 profit avenues. The event included exhibitions, talks, Q&A sessions, and award presentations. Rich Vogel received the Up-and-Comer Award, and Meggan Scavio was honored with the Visionary Award, recognizing contributions to Web3 gaming and outstanding vision.Gala Games' Token Burn: To alleviate concerns and enhance tokenomics stability, Gala Games executed a substantial token burn, consuming approximately $637 million worth of GALA tokens, nearly 21 billion in total. This move followed Gala Games' intentions to bolster the ecosystem through token reduction and address potential risks.Openfort's Funding and Vision: Openfort secured $3 million in seed funding to advance its wallet technology aimed at simplifying cryptocurrency transactions for game developers and publishers. The company's focus on reducing user interaction with blockchain and incorporating unique experiences based on user behavior garnered investor interest.Illuvium Zero Alpha Season Launch: Illuvium Zero's Alpha Season launch allowed players to engage in gameplay, collect Illuvial Biodata, and obtain blueprints that can be minted for future use. The update included Alpha 2.0 improvements and encouraged players to build bases, gather resources, and participate in minting.Gods Unchained Roadmap for 2023: Gods Unchained revealed its 2023 roadmap, outlining plans for new game modes, improved player experiences, a mobile app launch, and various enhancements. The roadmap reflects the game's positive trajectory and is accompanied by interactive sessions for players to learn more.Eternal Dragons' Void Affinity: Eternal Dragons introduced Void Affinity, expanding its roster of in-game associations. This addition enhances strategic gameplay by allowing players to disrupt opponents' plans and alter the course of battles using Void Affinity mechanics.These updates merely scratch the surface of the bustling Web3 gaming industry, with ongoing innovations continuously shaping the landscape.

Many people who make games are thinking about adding a new economy to Web3 games. Still, it's hard to get a sense of the gaming community or game developers in general. Creators and companies like Gamefi are still putting a lot of money into Web3 games and in-game NFTs. On the other hand, some developers of video games are hesitant to use Web3 technology. There are gamers who don't like how NFTs make it hard to get into games. The use of blockchain technology in video games, on the other hand, can't be stopped. Most people in Gen Z want to try making money through Web3, which shows that more and more people are starting to realize that blockchain gaming is more than just a passing fad. Instead, it lays the groundwork for a new set of games and opportunities.

The GamesBeat Summit 2023 gave enough time to look into the revolution in the game industry and how it is changing to become more flexible and adaptable. There were many different topics at the Summit, such as artificial intelligence, creative business models, and ways to make money on Web3. It was important because it brought together gaming communities and leaders from the business. At the GamesBeat Summit, there are exhibitions, roundtable talks, Q&A sessions, VIP lunches and dinners, diversity breakfasts, one-on-one meetings, awards, and more. On the last day of the GamesBeat Summit 2023 meeting in Los Angeles, the 2023 Visionary Awards were shown.

Eternal Dragons keeps adding new and interesting things to its already large library of in-game content. Another exciting surprise is about to be revealed in Eternal Dragons, adding to the recent rush of Eternal Dragons reveals. With the new Void Affinity, they now have a total of nine in-game associations. Now, players can use Void Affinity against their opponents to come up with ways to win. But making a plan that works is not part of the game. In the NFT game, each affinity only comes up less than half of the time. Let's take a look at how Void Affinity can help players. With Void Affinity, you can beat your opponents by making their carefully thought-out plans fail. As you get more Void Affinity in the game, you'll be able to take away more of your opponents' Affinity.

Web3 Experts on Opportunities and Challenges in Making a Successful Web3 Game: Gamesbeat Summit 2023. Gamesbeat Summit 2023 keeps going with interesting talks about Web3 games and their future. Urvit Goel of Polygon Labs, Serhat Maraslgil of BoomLand, and Peter Kieltyka of Horizon Blockchain Games got together on Day 1 to talk about "What's needed for the next successful Web3 game." Dean Takahashi, who is the lead writer for Gamesbeat, was there to ask some thought-provoking questions. How can you level up in Web3 games? What parts will make the next Web3 game a hit? What are the problems that game developers have to deal with when making Web3 games? And what can be done about it? Serhat was the first person to speak at GamesBeat Summit 2023. He talked about the possibilities that Web3 has for both gamers and developers. When it comes to Web3 games, there are a lot of chances for both sides.

The Gamesbeat Summit 2023 is just getting started, and there will be inspiring and thought-provoking talks about the gaming business. The 15th Gamesbeat Summit starts with Dean Takahashi's opening speech. Sponsors like Visa, Facebook Gaming, Jam City, and Xsolla, among others, give money to make the event possible. This year's Gamesbeat Summit will have a lot of different guests with a lot of different backgrounds talking about a lot of different things. There will be 139 speakers in 53 classes, and each one will talk about a different subject. At the top of the mountain, a day is made up of three parts: the beginning, the middle, which includes a break, and the end.

Xsolla, a renowned global video game distributor, has introduced an innovative tool called Xsolla Drops to enhance their Xsolla Partner Network. This tool is designed to provide game developers with enhanced marketing capabilities, ultimately driving player engagement, retention, and sales. Xsolla Drops facilitates the promotion of in-game items like virtual currencies, skins, NFTs, game keys, and premium services.Alexander Menshikov, Xsolla's Business Head, emphasized that Drops simplifies the process for game creators to connect with and reward their players. The tool enables personalized marketing campaigns and experiences through customizable landing pages without requiring coding skills.Given the rising costs of user acquisition, Drops employs a multi-tiered strategy to reignite players' interest in discovering new games and offers creators more value. It also collaborates closely with influencers, artists, esports professionals, celebrities, and prominent companies.Testimonials from industry players like Scott Robinson of SprintGP underscore the effectiveness of Drops in rapidly increasing user numbers and website traffic. Drops not only aids developers in attracting new players but also fosters a sense of community and engagement through exclusive content.Drops, an extension of Xsolla Partner Network, empowers developers and influencers to collaborate in promoting games to a wider audience. The tool facilitates the distribution of exclusive digital content, fostering player involvement and appeal.Moreover, Drops addresses budget constraints by offering a cost-effective solution that combines influencer marketing with exclusive digital content. By strengthening player communities and refining marketing strategies, Drops enhances player retention and builds long-term relationships.Drops' groundbreaking approach leverages monetization techniques to transform player discovery, re-engagement, and retention. It enables developers to create tailored programs with unique rewards, NFTs, and content, capturing players' interest. The user-friendly interface streamlines the project setup process, saving developers time and effort.Drops engages diverse audiences through various methods, invigorating the game discovery process and maintaining player interest. The tool's collaboration with influencers amplifies brand awareness and audience reach, all at a low cost per lead.Xsolla Drops equips developers with tools for direct-to-consumer sales, robust analytics, secure inventory storage, community building, and anti-piracy measures. It is positioned as a comprehensive solution for developers seeking effective game sales strategies and sustained player engagement.

Gala Games, a blockchain-based gaming platform, has announced its decision to burn 21 billion Gala coins in order to prevent potential future token sell-offs and address concerns within its community. The move was prompted by worries about excessive token availability, potential dumping of tokens, and the potential devaluation of GALA coins after the release of the v2 token.The company's 2023 Vision Paper outlined plans to burn two billion GALA tokens within a year, along with an additional 3.96 billion GALA tokens, equivalent to the total tokens issued since the platform's inception in 2019. This strategic token burning was intended to bolster community sentiment, strengthen the node community, and promote mobile growth.Token burning, a practice in which tokens are permanently removed from circulation, is known to impact supply and demand dynamics, potentially leading to increased token value over time. Gala Games aimed to create scarcity within the token ecosystem, driving up demand and consequently enhancing token prices.Following the release of the v2 token, Gala Games shared news of burning an additional 15 billion tokens. This information was disseminated through the company's official Twitter account, signifying a new phase for the platform.Gala Games also introduced an upgraded version of its token, GALA v2, with existing GALA holders receiving a 1:1 ratio of the updated token. The company's CEO, Jason Brink, emphasized the company's commitment to long-term sustainability and the necessity of deriving benefits from the ecosystem rather than relying solely on a stockpile of tokens.In a bid to secure future funding, Gala Games allocated 2 billion GALA tokens for future use, transparently storing them in a doxxed wallet to instill confidence in the community. This allocation aimed to facilitate the platform's growth and reward its participants.Gala Games offers a diverse range of blockchain-based games, allowing players to earn non-fungible tokens (NFTs) and GALA cryptocurrency as rewards. The platform collaborates with Ethereum, Polygon, and BNB Chain to provide optimal token exchange and user experiences.Overall, Gala Games' strategic token burning and initiatives to strengthen the ecosystem were designed to address community concerns, enhance token value, and ensure the platform's sustainable growth.

Last Remains is an upcoming AAA survival zombie-infested NFT battle royale web3 game where you have to survive and reach the extraction point. Find valuable NFTs in a town full of zombies where you have to survive on your own to get to the extraction point. Last Remains is an upcoming AAA survival battle royale game where you have to be sneaky to win. This Web3 game is a mix of zombie games, stealth games, battle royale games, and games where you can play and earn money. In this earn-and-play game, 30–50 players will compete in a battle royale to find NFTs. Everyone is on their own, and staying alive isn't the only thing you need to do to survive. So, don't trust anyone, move quickly, stay hidden, and outsmart your rivals to be the last person standing. The game is still being made, but it will be a fun PvE game where you have to move around the map quietly to find important resources.

Blockchain gaming has been going up in an amazing way, dominating on-chain transactions and getting a lot of users in the Web3 environment. In April, data company DappRadar said that a big chunk of all on-chain transactions were related to gaming. It makes up 38% of all crypto trades right now. Even though the number of daily active wallets went down a little, gaming-related activities continued to grow. In the study, blockchain games were at the center of everything and made up a big part of on-chain transactions. Even though the number of daily active wallets dropped by 10% compared to the month before, 38% of all crypto transactions were tied to gaming. This number shows how gamers are becoming more and more interested in the blockchain area.

Random Games, which is known for making games that are new and exciting, has announced that Reyu will be the first playable NFT in their new Unioverse series. Random Games is also laying the groundwork for an ambitious and interesting franchise by releasing a comic book, NFTs, short fiction stories, and an immersive minigame called "The Proving Grounds." This article goes into great depth about how Unioverse, Reyu, and Random Games put the game and the community first. Also, they showed that they were serious about giving players an open and creative gaming experience.The main character of the Unioverse franchise is Reyu, who is called a "warrior monk" on the website. Reyu, who looks like a cross between a human and a xenomorph, has a mesmerizing mix of strength and grace.

Axie Infinity: Origin’ on the Apple AppStore. An Ethereum-based token has experienced a rapid pace in its growth and expansion. Cryptocurrency gamers and investors are currently stunned as Axie Infinity has announced the arrival of its NFT game ‘Axie Infinity: Origin’ on the Apple AppStore. Axie Infinity, an Ethereum-based token has experienced a rapid pace in its growth and expansion in the blockchain games market. The card-based strategy game allows players to gather, collect, and use an infinite variety of creatures known as Axies to fight and win.

Guild of Guardians, the popular Web3 game, has recently shared some exciting updates. Let's dive into the details! Exciting updates from Guild of Guardians: Mineloader partnership, NFT staking, and transition to Roguelite Squad RPG. Stay tuned for more! Guild of Guardians' first milestone update talked about a successful partnership with Mineloader, a well-known game development company. The partnership has been successful.