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

Several industries are embracing Web3 technology to reap benefits. DeSci is a new addition exploring Web3 and crypto technologies in science.

Latest gaming news: Nekoverse Alpha, Parallel Closed Alpha, The Sandbox Land Sale, Illuvium and Illuvitars, Square Enix on Symbiogenesis

Crypto games and NFTs complement each other because they provide players and owners of digital collectibles with additional ways to earn money. Now, let's take a look at some of the best gaming-related NFT collections available on the Binance NFT Marketplace right now.

Trident is an upcoming blockchain Web3 ecosystem bringing fun games based on the "Risk to Earn" gaming model. Learn more about this approach.

The introduction of NFTs and in-game finance has revolutionized the gaming experience, attracting the masses that weren’t that much in the gaming world. People were hesitant over spending money on in-game items even before the introduction of NFTs.

The RobotEra presale sets this upcoming Web3 metaverse game for a solid launch, Its TARO token pre-sale is live; learn more about it.

Security is a serious concern when it comes to the crypto and the Web3 industry. Many have lost billions in crypto hacks, cyberattacks, and scams owing to the decentralized nature of Web3.

Square Enix’s Web3 project Symbiogenesis has updates. It partners with the Polygon blockchain network to offer players fast, secure transactions. An experience centered around digital collectible art and a virtual turn-based adventure will be created through Symbiogenesis.

Despite crypto lurking in abyss, many powerful investment institutions are confident in crypto and Web3 and want to include cryptocurrency in their investment portfolios, read more.

Another blockchain gaming project decides to leave Solana and jump to Immutable. Web3 game studio XP Foundry officially announces that it is transferring the on-chain assets of its mobile game Rooniverse from Solana to ImmutableX. Prior to XP Foundry, several other blockchain games have already migrated from the Solana blockchain. Immutable X is gaining solid traction with a gradual increase in blockchain projects

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.