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

The bullish run continues in the blockchain gaming sector and we have a report to back it up. The first month of 2023 flew by in a wink but the Web3 gaming sector has utilized it to its fullest. According to market analysis firm DappRadar, gaming accounted for 48% of all blockchain activity in January, a rise from 45% in the previous month of December.

Discover the Benefits of Immutable's Passport System for Web3 Gaming: Secure Digital Wallet, Anti-Fraud Protection, and Seamless Authentication. Learn More.

The Shrapnel trailer and gameplay showcase a groundbreaking blockchain game that is set to revolutionize the Web3 gaming industry. This first-person shooter (FPS) multiplayer game merges blockchain technology with AAA gaming elements, resulting in a visually stunning and immersive experience. The game's trailer, created using Unreal Engine 5 and Nanite technology, features impressive visuals that mirror the gameplay's quality.Shrapnel is set in a futuristic cityscape, portraying a competitive multiplayer environment where various factions battle for control over valuable resources, particularly Compound Sigma. Players engage in intense fights and tactical gameplay to secure these resources and achieve successful extractions. The game's survival mechanics incorporate elements from battle royale games, emphasizing extraction as the primary objective, with potential for multiple winners in each raid.The gameplay demands acute awareness of surroundings and enemies, requiring players to rely on sound cues for ambushes and tactical maneuvers. Shrapnel offers a mix of long-range combat with impressive graphics and close-quarters combat that caters to adrenaline enthusiasts. As player numbers decrease and extractions become riskier, strategic decisions, alliances, and shifting tactics become crucial.One of Shrapnel's distinguishing features is its integration of blockchain technology and player ownership. The game introduces NFTs (non-fungible tokens) that represent in-game items such as weapons, cosmetics, maps, and more. Players retain ownership of their creations, and a dedicated marketplace is being developed for trading these NFTs using the native SHRAP token.SHRAP tokens, based on the ERC-20 standard, will facilitate transactions within the game's ecosystem. The game developers plan to launch SHRAP tokens on the Avalanche platform, with a fixed total supply of 3 billion tokens. The game's developers are actively working on a single battle royale extraction map, and testing of the game is anticipated to begin around March.In summary, Shrapnel is poised to disrupt the gaming landscape by blending blockchain technology with top-tier FPS gameplay. With its captivating trailer, engaging gameplay mechanics, and player-centric ownership model, Shrapnel aims to redefine the potential of blockchain gaming.

Web3, Blockchain, Mobile, and AI in Gaming: An Industry Outlook. A Deep Dive Analysis based on Yoda Labs and Blockchain Gaming Alliance's work

Yoda Labs and BGA share insights on blockchain gaming trend for 2023, check out what we should expect in Web3 games this year.

Top Play-to-Earn Game Websites to Follow for Reviews, News, and Updates in the Blockchain Gaming Industry. you can find a list of sites here!

W3 Play: The Ultimate Destination for Play-to-Earn, NFT, and Blockchain Gaming Enthusiasts. Discover the Best Play-to-Earn, NFT, and Crypto Games

Premier League-Sorare: Multi-Year NFT Fantasy Soccer Partnership's Implications for Web3, NFTs, and Blockchain Games. Read more here!

2023's Hottest Blockchain Games: Unlock the Future of Gaming and Investments. Play-to-Earn Altcoins: The Future of Gaming & Investments

Amazon's Entry into Web3: Challenges and Uncertainties in the World of NFTs and Blockchain Gaming. Inside Amazon's Plan for Web3 and the Future of NFTs

In a interview, Yosuke Matsuda, the president of Square Enix, reiterated that the future of video games will feature blockchain technology.

Epic Games’ Tim Sweeney is a staunch supporter of Web3 and sees metaverse as the future of the internet. Recently, Tim Sweeney shared his thoughts on the metaverse, crypto, and the antitrust debate associated with it. Speaking about the creation of the metaverse, Sweeney is positive about the creation of the metaverse over the next decade.The creation will take place over the foundation of open systems, open standards, and no walled gardens where companies will work together on mutual respect of customers. The metaverse will allow players to jump from one ecosystem to the other without any concerns whatsoever.Sweeney related the working of future metaverse with how the world interacted with each other in the early days of the web.

Gamefi is the most trendiest niche in the cryptocurrency industry at the moment, no less than a gold rush.

The recent addition of capital of blockchain is Dragonfly Capital’s third funding round. The focus is on investing in crypto-based projects

NFT and crypto integration in video games have a love-hate relationship with the gaming communities around the world.