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

Axie Infinity and Crypto Blades were floored badly. Their NFTs values went down the drain. We also saw Web2 gaming companies trying to dip their toes in the Web3 waters but had to deal with massive fan backlash. Nonetheless, the Gamefi ecosystem is moving forward making.

NFTs are rising from the dead, well heck! It wasn’t dead in the first place. The lifeless body of the NFTs market has started twitching and rising. Ladies, and gentlemen! NFTs are alive, well, and kicking. The recent NFT trade activity in the marketplaces has defied the reports that NFTs are gone forever. We have our hands on NFT sales data for the month of January 2023 which a lot of NFT critics won’t like.

Web3 gaming company, Limit Break, announced that it invested $6.5 million in a commercial promoting its anime-themed game project, DigiDaigaku. Investing such a huge amount is justifiable given the millions of eyeballs sticking to the screens in American region. Moreover, it was also a big deal as it was the lone Web3 ad that got the space in the mega event. The advertisement showcased a free Ethereum NFT mint

A simple answer to the question is the ability to transfer something from one system to another like transferring a file from an Android to an iPhone. However, in Web3, it means transferring a token, crypto, avatar, etc from one blockchain to another. This interoperability functions impacts almost everything in the Web3 domain.

The past week we also saw FTX fallout in Super Bowl advertisement deal cancellation for the crypto industry. So, this year people will see only beer ads instead of crypto or blockchain. As for the gamefi, we have Project Red inviting players to play and test gameplay for free. A couple of other games like Faraway Lands, BattleFly have alpha and early access respectively.

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

Discover promising play-to-earn startups in the crypto bear market. Our detailed analysis highlights top blockchain gaming startups with innovative ideas, taking into account important factors like liquidity, active user numbers, and in-game assets cap.

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Mirandus is a flagship game of Gala and is a promising MMORPG metaverse game. The blockchain game has a super talented and experienced team of developers working on it. Its team comprises top developers from Fable, Fall Out, World of Warcraft, and more.

FTX collapse was a big deal in the crypto industry, especially blockchain gaming. We still do see the fallout of FTX collapse in the recent Super Bowl crypto cancellations. So, what is the future of blockchain gaming and those startups planning to launch their blockchain games and projects?

Illuvium announces yet another mega project in its interoperable blockchain games. This time it is Illuvium: Beyond which will feature a customizable NFT adventure. These customizable NFTs are Illuvitars and their launch window is March 7. So get ready to start assembling your unique Illuvitar NFTs using rare elements.

The Sandbox, a premier decentralized virtual gaming world under Animoca Brands, announces a partnership with ZeptoLab. ZeptoLab is a world-renowned gaming company responsible for hugely popular games. Some of the games are Cut the Rope, CATS: Crash Arena Turbo Stars, King of Thieves, and Bullet Echo, on Tuesday.

Yuga Labs' latest crypto NFT game Dookey Dash is having a promising run so far. According to the Delphi Digital report, Dookey Dash has seen spending of a whopping $2 million+ USD since its launch on January 17th. Professional blockchain gamers are in a fierce race to top the game’s leaderboard.

According to recently confirmed reports, this year’s Super Bowl will not feature any crypto advertisement. The advertisement deals fell apart due to FTX’s collapse and resultant bankruptcy. Fox Sports confirmed the news by saying that this year there is “Zero representation” for crypto companies in the ad lineup.

Metacade's rapid sellout of stage 3 in its crypto presale has captured widespread attention, resulting in an investment total of $4.9 million. Investors seeking top opportunities in 2023 have turned their focus to Metacade, positioning it as a top contender for providing impressive returns to early investors.