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

Helika, an innovative analytics startup, has joined forces with Yuga Labs, the visionary creator of popular NFT to revolutionize Web3 Gaming. With advanced data, Helika and Yuga Labs change the way people play web3 games. The Web3 gaming industry is changing quickly, and this has led to a new way of thinking in which blockchain technology meets engaging game experiences. Helika, an innovative analytics company, has joined forces with Yuga Labs, a creative company that makes famous NFT collections and games. The goal of the agreement is to add powerful analytics to Web3 gaming. Also, the goal of our partnership is to use the power of data and give important information to game companies in order to improve player experiences, help the Web3 gaming industry grow, and drive innovation.

Yuga Labs’ steaming hot juggernaut continues to play a massive role in Web3 gaming and its future. The studio has a lot under its belt, it is the creator of the Bored Ape Yacht Club in 2021 which was a massive success. Since then it on a role creating new IPs, buying some, several successful projects, and a top new gaming project, the Otherside. Another super successful runner web3 game by Yuga Labs is Dookey Dash which made waves on social media. But how did Yuga Labs reach superb heights? What is their gaming strategy? How simplest of games in less time doing well and not breaking? What elements are important in a successful Web3 game? Yuga Labs Chief Gaming Officer Spencer Tucker shared insights on Yuga Labs' journey and future while talking in Naavik Gaming Podcast. For Yuga Labs, their focus lies on the core, which is their community, specifically its NFT community. The idea is to deliver quality to its core community.

Infrastructure to Support Developers: Fostering Mass Adoption in Web3 Gaming. GDC reports Blockchain technology can revolutionize gaming. Developers are a big part of how the video game business adopts and uses new technologies. In the case of blockchain gaming, the major reason why people are becoming more interested in Web3 gaming is because of developers. A recent GDC State of the Game Industry study found that more than a quarter of game companies are interested in blockchain technology or already use it. This growing interest shows that Web3 games have a lot of promise. It focuses on the idea that blockchain technology could change how the game business works.

Let's take a look at Polygon's zkEVM, which is a layer-2 scaling solution that allows smart contracts on the Polygon network to be run in a way that is both fast and scalable. How does it do this, though? Using zero-knowledge proofs (ZKPs) and a trustless mechanism, the zkEVM Prover is a key part of generating and checking ZKPs to show that smart contract execution was done correctly. In this blog, we'll look more closely at how the zkEVM Prover is made and what it can do. How it lets developers build scalable, trustless, and decentralized apps on the Polygon network while reducing the costs and complexity of on-chain computation. So, buckle up and let's go! Polygon's zkEVM Prover is an important part of the Polygon network. It lets smart contracts on its layer-2 scaling solution run quickly and on a large scale.

DappRadar has shared a list of promising Web3 games that will be launching massive updates in the coming weeks, and in this article, we will analyze some of the best play-to-earn Web3 games available for May 2023. Play-to-earn games are becoming increasingly popular as gamers seek ways to earn cryptocurrencies while playing their favorite games. In the first quarter of 2023, several exciting Web3 games were launched, providing gamers with immersive gaming experiences. As Web3 becomes the norm, play-to-earn games will continue to gain popularity, and game developers are ensuring they meet gamers' standards. DappRadar has highlighted some of the most epic Web3 games to follow this month, and this article discusses and analyzes the list of Web3 play-to-earn games for May. The list of games includes The Sandbox, Shrapnel, Splinterlands, Paradise Tycoon, Eternal Dragons, NFL Rivals, Kaidro, and DEFY.

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 current economic approach of play-to-earn (P2E) games is one of the biggest problems with Web3 gaming. Play-to-earn games can be very profitable for some people, but they may not be able to keep going in the long run. Casual players don't like games that are more focused on making money than having fun. In a study, the Blockchain Game Alliance said that the main things holding back mass adoption are bad gameplay and hard-to-understand onboarding. To solve these problems, developers need to focus on making immersive and interesting gameplay, a smooth way to get started, and long-term economic models that put players first. Web3 games is a part of the blockchain business that is growing quickly. But Web3 gaming hasn't become popular yet, even though it has a lot of promise. A recent poll found that 75% of game developers plan to work with Web3 games in the future, and 56% of those surveyed think that Web3 technology will change the way games are made.

Gala Games May Mayhem in full swing, Jeff Burton joins P2Earn, Mojo Melee Open Beta, ZooRacers test, Spider Tanks, and more Web3 gaming news. Another week full of exciting Web3 gaming news playtests, reviews, and new content has made the weekend all the while. The alpha and beta playtests for several games are already underway and there is plenty to keep the weekend fun. We have Gala Games May Mayhem, ZooRacers Beta testing underway, Mojo Melee beta, revenge zombies open beta, and more. Spider Tanks adds new content and updates to the game with May Mayhem. Finally, we have Champions Arena playtest 2.0, and P2Earn Inc hiring Jeff Burton. Our weekly newsletter bulletin covers all the essential updates happening in Web3. Let’s get straight to it and see how the week is so far in Web3 gaming.

Elon Musk, the CEO of Tesla and SpaceX, is one of the most influential and controversial figures in the tech world. He is known for his eccentric personality, innovative ideas, and bold statements on Twitter. However, there is another Elon Musk on Twitter, a parody account called "Bored Elon." Anonymous person manages this acccount who tweets humorous and satirical ideas for inventions. Bored Elon has gained a massive following on Twitter, with over 1.5 million followers. But what is the story behind Bored Elon, and how did it become a cultural phenomenon? The Bored Elon Twitter account was created in 2013 by an anonymous individual who wanted to parody Elon Musk's innovative ideas. The account started with a simple tweet that said "sometimes I get bored and invent things," which has since become the account's bio.

The emergence of decentralized gaming platforms that enable players to receive and exchange cryptocurrencies while engaging in gaming activities has been made possible by the advent of blockchain technology. P2Earn Inc., focuses on offering cutting-edge solutions on a global scale due to its commitment to quality and innovation. The company has grown to become one of the most recognizable companies in the industry. P2Earn.io stole all the limelight as Electronic Arts Co-Founder Jeff Burton joins this reputable web3 gaming guild. P2Earn, a web3 gaming guild, intends to provide players with an online platform, tools, and access to video game NFTs in exchange for a portion of their winnings. According to reports, the platform will go live on the Polygon Ethereum scaling network by the end of Q2 2023. Jeff Burton confirmed this incredible news in a statement: “I am delighted to join the advisory board of P2Earn, as play-to-earn gaming prepares to go mainstream. However, I believe that the concept of players earning a share of the profits through gameplay is the future.”

Trial Xtreme Freedom, the much-anticipated Web3 version of the popular dirt bike racing series, is getting ready for its closed alpha launch on May 3. Get ready to rev your engines and go on an exciting trip. Everyone is invited to sign up for the test, but only 5,000 people will be able to take advantage of this limited chance. They will be the only ones to try out the cutting-edge parts of the game. Get ready for an exciting experience that mixes NFTs, tournaments, and an interesting virtual world. With its new 3D tracks, Trial Xtreme Freedom ups the ante and gives racers a new, more realistic experience. The game builds on the success of the ones that came before it and adds a lot of fun new tasks. Also, there are moving trains, airplanes, tall trees, and even the jaw of a T-Rex to avoid. Each track has more than one way to win, so racers have to show off their skills and find the fastest way to win.

Animoca Brands Notre Game joins forces with MMA One Championship to bring web3 NFT game One Fight Arena with plans to launch in 2024. These two notable companies are creating One Fight Arena. An NFT-powered MMA mobile game that will make use of the extensive IP library and a rich lineup of fighters from ONE Championship. Later this year, the NFT game will be tested to figure out shortcomings or glitches before its actual launch in 2024. It will be free to download when it launches on both Google Play and Apple's App Store.

By using blockchain technology, immersive gameplay, and economic incentives, Web3 games have changed the gaming business. This article looks at Axie Infinity, STEPN, and Illuvium, three famous examples. Each game has its own features, which brings in a wide range of users and shows how much promise the Web3 gaming ecosystem has. The play-to-earn model of Axie Infinity lets players earn cryptocurrency, while STEPN rewards physical exercise by combining fitness and gaming. Illuvium is an open-world game with beautiful graphics and gameplay that is driven by the community. These games show how Web3 gaming can change things by giving players economic chances and letting them own in-game assets. Through Web3 innovations, the future of game seems to be decentralized, player-centered, and financially rewarding. This article looks at Axie Infinity, STEPN, and Illuvium, three popular Web3 games. Also, each game is different, which brings in a wide range of users and shows how much promise this growing gaming ecosystem has.

Play To Earn Games, Hype or Not? In recent years, there has been a rise in the popularity of Play To Earn games. These games allow players to earn real-life rewards, such as cryptocurrency, by playing the games. While some may see this as a new hype in the gaming industry, others believe that it is here to stay. Firstly, let's take a look at what Play To Earn games actually are. These games use blockchain technology to allow players to earn rewards for their in-game achievements. The rewards can be anything from cryptocurrency to skins for their characters or even rare items.

Web3 gaming content creator Brycent and Esports Pioneer XSET are all set to join forces for unprecedented development and expansion in gaming. XSET focuses on creator-driven narratives and their vision led them to collaborate with one of the most dominant web3 content creators. Brycent aims to expand its Web3 gaming content with XSET, a company renowned for devoted esports teams and popular gamers. Additionally, Brycent will continue his collaboration with Gary Vaynerchuk's VaynerSports as his talent management company. Brycent Johnson has joined the renowned esports organization XSET as its first web3 gaming content creator.