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

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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.

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.

The Gala Games contract upgrade marks a significant transformation in the game ecosystem. This update introduces a new token, $GALA(v2), which will replace the original $GALA token, offering users improved security, growth prospects, and additional features. The transition is scheduled for Monday, May 15, around noon PT time. Token holders will receive the new $GALA(v2) token at a 1-to-1 rate. However, holding $GALA in centralized exchange wallets might lead to issues, as the exchange could gain ownership of the new tokens.Binance Group plays a crucial role in this transition, supporting Gala Games in their contract upgrade. The new $GALA(v2) token will be backed by Binance, providing technical expertise and ensuring a smooth process. Exchange support is vital to ensure users can seamlessly obtain the new tokens, and centralized exchanges must manage the token swap accurately.Gala Games has been actively engaging with exchanges that list the $GALA coin to gain their support, although some exchanges might not respond in time. They recommend restricting users from entering or withdrawing the old $GALA(v1) token after the contract swap.Binance Group's backing is pivotal in Gala Games' contract upgrade. Binance publicly supports the contract swap and will halt $GALA deposits and withdrawals on the Ethereum network at a specific time. This move aims to ensure that the new tokens are seamlessly integrated into users' accounts. Binance's trust in Gala Games showcases confidence in blockchain technology and fosters trust in the ecosystem.Binance's endorsement is likely to attract more users and investors to the Gala Games ecosystem, enhancing the project's visibility and growth potential. As a major cryptocurrency exchange, Binance's support holds significance. Furthermore, Binance's example sets a precedent for other exchanges, encouraging them to follow suit and facilitate smoother transitions for token upgrades.Overall, Binance's support for the Gala Games contract upgrade is a pivotal development. It demonstrates faith in the project's capabilities, encourages user and investor participation, and sets a valuable precedent for future token upgrades. The upgrade's success on May 15 will be closely observed by the Gala Games community and the broader cryptocurrency industry.

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.

Mysten Labs and a number of the best game developers are starting the Sui blockchain network. The people who make games are Atari, Animoca Brands, Sandbox, and Decentraland. These agreements bring together the skills of game developers and blockchain technology to set a new standard for games. Atari, which is famous for games like Pong and Asteroids, will use its experience with games on the blockchain. RollerCoaster Tycoon will come out with the help of Mysten Labs on the blockchain. "RollerCoaster Tycoon: Atari World," a new game, will be better because of blockchain.

FTX collapse ripple effect continues to date as another casualty happened where a Web3 card game bites the dust. Sam Bankman-Fried’s favorite game Storybook Brawl is shutting down its servers on May 1st. The decision came just after 13 months of its acquisition by FTX. It is yet another addition to the list of casualties. Good Luck Games, the creator of Storybook Brawl, announces on Twitter that the Web3 card game will shut down amid no direction forward. Apparently, the creators tried their best to find a way to keep the game afloat. However, they couldn’t find a way forward and hit a dead end. Good Luck Games was acquired by FTX US (also known as West Realm Shires) and fell under the "FTX Gaming" banner.

The internet has come a long way since its inception in the 1990s. From simple static web pages to complex, interactive applications, the web has evolved dramatically over the years. Today, we are witnessing the emergence of Web 3.0, which promises to take the internet to the next level with the help of blockchain, AI, and decentralization. This blog will explore the evolution of the web, from Web 1.0 to Web 3.0, and discuss the technologies and concepts that are shaping the future of the internet. Web 1.0, also known as the static web, refers to the early days of the internet when the web was primarily a collection of static HTML pages. The web was mainly used for publishing information and providing basic functionalities such as email and file sharing. The characteristics of web 1.0 were limited user interaction, unidirectional flow of information, and a lack of dynamic content. Moreover, It was mainly for information dissemination rather than interaction and collaboration.

Gala Games is propelling the future of blockchain gaming with the introduction of $Gala (v2), marking a new era for their ecosystem. This upgraded token aims to enhance players' gaming experiences while enabling them to earn rewards through competition. Gala Games announced the launch of $Gala (v2) on May 15th, bringing significant improvements such as enhanced burn mechanisms, security upgrades, and future upgradability to its Ethereum contract.The company's focus on a decentralized market, player token rewards, and stakeable tokens for greater benefits underpins its commitment to innovation. The Gala (v2) token, built on Ethereum as an ERC-20 token, seeks to expedite transactions within the Gala Games ecosystem and provide access to platform services.One notable aspect is the integration of Gala (v2) into the ecosystem's decentralized marketplace, enabling secure and transparent value exchange, including the trading of in-game items and digital assets. Gala Games has been proactive in communicating with its community and ensuring a smooth transition for token holders from $Gala (v1) to $Gala (v2).Gala Games has garnered attention with its projects that prioritize player ownership and decentralization. Among these is "Town Star," a play-to-earn town-building game where players compete to create efficient towns. Another project is "Spider Tanks," a PVP brawler game featuring real-time tank combat with customizable tanks and physics-based movement.With a focus on empowering players and advancing the possibilities in the gaming sector, Gala Games aims to create a thriving ecosystem that benefits all participants.

Immutable Labs, a Sydney-based crypto company, has introduced the Immutable Passport, a solution aimed at overcoming barriers to adoption in the Web3 gaming space. While blockchain games have allowed players to own in-game digital assets and earn cryptocurrency, challenges like high entry costs and complex onboarding processes have hindered mainstream adoption.Entry barriers, such as the necessity to purchase expensive NFTs to play games, have discouraged many potential players. Additionally, the complexities of setting up crypto wallets and purchasing specific cryptocurrencies have deterred newcomers. Immutable Passport seeks to address these issues by providing a single-sign-on (SSO) system for accessing multiple games, simplifying the onboarding process and reducing user acquisition costs.Immutable Labs' co-founder, Robbie Ferguson, describes the Passport as a self-custodial wallet that enables users to log in using their email and a one-time password. The goal is to create an interoperable blockchain gaming universe that benefits both players and developers. While resistance from major players in the gaming industry and negative sentiments toward cryptocurrencies pose challenges, Immutable Labs is actively supporting game developers with a $500 million fund to foster the growth of Web3 gaming.The Immutable Passport represents a significant step toward making Web3 gaming more accessible and engaging, with the aim of driving mainstream adoption in the future.

Panzerdogs is a super fun, casual, multiplayer online tank battle NFT game running on the Solana blockchain network. This Web3 game offers in-game digital asset ownership to its players which are tradable on marketplaces. Panzerdogs is a team-based tank brawler game where the fun lies in exploding your opponent’s tank. You will play as a unique cute NFT dog inside a war tank with a war helmet on your head.

Gaming has come a long way from being a hobby for a small group of enthusiasts to become a multi-billion-dollar industry. Esports, or competitive gaming guild, has emerged as a significant force within gaming. Professional players and teams compete in global tournaments for millions of dollars in prize money. However, not all gaming communities are focused on making money. Some are celebrating the fun and community of gaming. Also, they are doing it through gaming guilds and decentralized autonomous organizations (DAOs).

Web3 gaming is getting better and growing, and classic Web2 games are also starting to use technology. Companies like Neopets, MapleStory, and Atari are joining Web3 technologies with their popular and nostalgic blockchain game IPs. MapleStory is one of only a few games that have been successful and are still going strong. Since it came out in 2003, the game has been going strong, accomplishing rare things and building a strong, loyal community.

ArcheWorld, a one-of-a-kind debut MMORPG using blockchain technologies, plans to launch NA & SA servers on April 19th, 2023. Web3 gamers can head out to ArcheWorld website for pre-registration. Additionally, players can also win exciting prizes in Fandom Card NFTs, and Land NFTs if they invite their friends to the servers. So, get ready folks, mark your calendars! April 20, 2023, is the big day for all you ArcheAge fans out there!

Unstoppable Games, led by CEO Nick Lexmond, has been working on its flagship game, Influence, for more than a decade. The game, which is built on the Starknet blockchain, is a massively multiplayer online (MMO) game set in a star system that is about 15 light years away from Earth. The NFT-based game is centered on the idea of how humans would survive in an asteroid belt and deal with the logistical complexity of dealing with independently orbiting bodies. Unstoppable Games is working on creating an "unstoppable game" that cannot be turned off or controlled by a central authority. The contracts for the game are open, and players have ownership over the game's stewardship