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

Web3 technology is changing the gaming industry by shifting the focus from creators to players. It does this by giving players ownership of in-game assets and the chance to make money in the real world. The Web3 gaming industry is driven by decentralization, security, tokenization, and ownership, and it is expected to be worth more than $200 billion by the end of 2023. Web3 makes it possible for players to make money from their digital assets by making games more immersive and interactive. Scalability, on the other hand, is still a problem that needs money and new technology to solve. Web3 isn't just the way things will be in the future; it's already here, making it possible to decentralize and cut out middlemen. Blockchain technology can't be separated from Web3, which is changing the way games are played.

Learn about the history of the rise of player-driven game economies in Web3 and decentralized RPGs powered by blockchain technology. When home computers and home game consoles came out on the market, we could also see how the gaming industry had changed. People bought boxed cartridges, and it was still a pay-to-play business. Then came the free-to-play era, when mobile gaming took off and swept away the traditional gaming industries. We now have Web3 games where player-driven economies are the main focus.

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.

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).

Biggest hacker heists to date against crypto gaming where the hackers took off with $600 million. The victim is crypto gaming; Axie Infinity.

Jam City, a mobile game developer, has entered into the blockchain domain with its new title Champions: Ascension.

In a bid to create blockchain-based games, Zynga has entered into a strategic partnership with software maker Forte

Blockchain Tech and Video Games, what is all the Fuss About? People have stopped using traditional ways to make money because crypto, NFT, and blockchain-based games have so much potential. Nowadays the trendy buzzwords in the tech world are NFTs, cryptocurrency, blockchain, DeFi, and more. And the video game industry has also picked up with the newest trend as it did in the past with others.

Play to Earn Games and what it tells about the new digital economy in the making. Crypto Games and NFT games are hot these days.

Blockchain technology and cryptocurrencies are present some time now. Technology witnessed steady growth thanks to its unique features

The rise in blockchain technology’s massive popularity is also due to the soaring popularity of play-to-earn gaming model.

A group of blockchain game studios said that Valve was wrong to ban the NFT-based game from Steam. Steam has a strict ban on NFT games.

Even though NFT and blockchain technology are constantly criticized, Tim Sweeney decided to go for it. The biggest problem with NFTs and blockchain technology is that scams and shady business practices are common.

NFT & Video Games, Play to Earn: A new and Exciting way to Earn Money while playing video games. Video games are providing new and exciting ways to earn some good money. Besides esports and video game streaming, there is a new method to earn more money while playing video games. Video games that are based on NFT blockchain technology now let players earn $1000 in profit per month. The residents of the Philippines, Vietnam, and Venezuela have introduced video games that feature NFT blockchain to combat unemployment.