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

In July 2023, the NFT trading volume witnessed a significant decline, attributed to the volatile state of the blockchain and cryptocurrency market. Sales figures dropped by 29%, while the number of transactions decreased by 23%, according to a recent analysis by DappRadar. Despite this overall downturn, a glimmer of hope emerged from the realm of gaming NFTs towards the end of the month.The NFT market showcased remarkable diversity with various projects such as DMarket's Go skins, Gods Unchained's gaming NFT cards, Sorare's fantasy sports NFTs, and the innovative Watch2Earn program supported by NFTs. These NFTs extended beyond Ethereum and were also present on platforms like Mythos Chain, ImmutableX, and Binance.Amidst the challenging market conditions, it's important to recognize the progress NFTs have made. Even during this period of decline, there are opportunities for strategic investments in NFTs. While the market has been struggling, there are indications of eventual recovery.For instance, the CyberKongz Genkai mint experienced initial difficulties selling all 9,000 NFTs on Ethereum, leading to a reduction to 3,000 units. Notably, the Ronin faction successfully sold all 3,000 of their NFTs within an hour, revealing the presence of potential collectors.Cryptocurrency market volatility posed challenges for NFTs. Bitcoin-associated ordinals faced difficulty in sales, dropping to a ranking below the top five on the blockchain. The blockchain industry as a whole experienced a decline in rankings due to limited functionality and incentive for collectors to trade Bitcoin-related NFTs.July 2023 saw the lowest monthly sales total, amounting to $493 million, since June 2021. Despite this decrease, the market remained relatively close to the previous week's totals. Noteworthy NFT collections were analyzed:DMarket achieved substantial sales of around $5.2 million through skins for games like Counter-Strike: Global Offensive and Team Fortress 2.ImmutableX's popular game, Gods Unchained, generated impressive sales of $4.8 million as players engaged with its immersive gameplay.Sotheby's new generative art platform debuted with Vera Molnar's NFT drop, resulting in price increases driven by market demand.Binance's PLAYNFT collection ranked high, generating $1.7 million in revenue, especially through their innovative Watch2Earn platform.While Ethereum sales increased by 18%, the total sales in July ($271 million) were the lowest since June 2021. Binance secured the third position with $6 million in sales, closely following AIWorld Nodes and PLAYNFTs.Polygon's reported $5 million in sales preceding the announcement of Palm blockchain's transition to Polygon was not yet reflected in volume.Mythos and ImmutableX occupied the fifth and sixth positions, demonstrating the capability of gaming NFTs to compete with other major blockchains.Bitcoin's weekly sales dropped below $5 million, placing it as the ninth most profitable cryptocurrency.In an interesting turn, CryptoDickButts, a prominent NFT collection, announced the transfer of project administration to the largest holder of their new NFT series.In summary, the NFT market faced challenges in July 2023 due to market instability, yet a resurgence is anticipated, much like previous years. Gaming NFTs stand as a promising sector, buoyed by the launch of engaging games. Despite current setbacks, the diverse and evolving nature of the NFT landscape suggests a potential rebound in the future.

Mystic Moose, the developer behind the game Mojo Melee, has joined forces with Amazon Prime to introduce web3 gaming to a broader audience. This collaboration brings the NFT (non-fungible token) game, utilizing Polygon, an Ethereum blockchain network, to the Amazon Prime platform. Mystic Moose's partnership with the e-commerce giant paves the way for the integration of their web3 deck-building game into Amazon Prime's offerings. As part of this partnership, Amazon Prime Members will receive monthly NFTs and valuable in-game items such as currency packs and Spellstones. These NFT drops will showcase distinctive skins and champion characters, with the free distribution lasting for six months. Players have the option to trade these NFTs on open NFT marketplaces or retain them for future use in Planet Mojo games.To access the complimentary package, members of Amazon Prime Gaming can create a new player account on Mojo Melee. The initial package encompasses 885 units of in-game currency known as "Ore," along with an NFT champion character named Gwyn Rockhopper. This exclusive champion NFT offer holds exceptional value, as it allows players to obtain a champion as an NFT without the need for extensive in-game progression.Mojo Melee is a unique gaming experience that combines elements of auto chess battles and deck-building games. Developed by industry veterans from major studios like EA, Activision, and LucasArts, the game is designed to be easily accessible while offering layers of complexity for mastery. What sets Mojo Melee apart is the incorporation of team choice, deviating from the uniform units present in traditional auto chess games. This introduces real-time strategy elements to the gameplay. Additionally, Mojo Melee is playable on both browsers and Android devices.The game represents the first installment in the Planet Mojo metaverse, offering a fresh perspective on the auto chess genre inspired by titles like Dota Auto Chess and Teamfight Tactics. Players engage in head-to-head tournaments, strategically planning and deploying their teams in combat. The game's innovative features aim to redefine the auto-battle genre and challenge established giants.In addition to NFT drops, Amazon Prime players will gain access to upcoming Mod-able Mojos, a mode enabling players to customize the appearance of their Mojos. These magical plant beings, known as Mojos, possess unique abilities based on subclasses like Moss, Leaf, Flower, or Vine. This new mode enhances personalization and showcases creations in both the game and on the blockchain.The partnership between Mystic Moose and Amazon Prime exemplifies the increasing prominence of web3 gaming, marked by the adoption of blockchain technology. Urvit Goel, VP at Polygon Labs, emphasizes the mainstream trajectory of web3 gaming and commends Mystic Moose's player-centric approach. Mystic Moose's CEO, Mike Levine, expresses excitement over collaborating with Amazon Prime Gaming, underlining the potential of web3 gaming assets and the opportunity for players to engage with Mojo Melee.In summary, Mystic Moose's collaboration with Amazon Prime marks a significant step in bringing web3 gaming to the forefront. Through this partnership, Mojo Melee, an NFT game utilizing Polygon, is introduced to Amazon Prime Members, providing them with exclusive in-game content and NFT rewards. This partnership highlights the fusion of gaming and blockchain technology, propelling web3 gaming into wider recognition and adoption.

Fenix Games, a prominent player in the web3 gaming industry with a track record of successful titles like Madden Mobile, Need for Speed Mobile, The Sims Mobile, and Plants vs. Zombies, has recently entered into a strategic partnership with Immutable, a leading web3 platform. The primary objective of this collaboration is to identify, support, and launch a diverse array of web3 games with the aim of gaining widespread popularity among the general public. Additionally, the partnership intends to bring Fenix Games' top-notch web3 publishing tools into the realm of blockchain-powered games to make them more contemporary and innovative.Key Points:Fenix Games' Notable Portfolio: Fenix Games has an impressive history of developing and publishing both licensed and original games that have captivated millions of gamers globally. Some of their standout titles include Madden Mobile, Need for Speed Mobile, The Sims Mobile, and Plants vs. Zombies.Blockchain's Impact on Gaming: The collaboration between Fenix Games and Immutable reflects the transformative potential of blockchain technology on the gaming industry. It is expected to revolutionize game development, funding, and marketing. Future game economies are anticipated to be built on blockchain liquidity, decentralized autonomous organizations (DAOs), and interoperability between various systems.Immutable as a Secure Platform: Fenix Games embarked on a quest to find a reliable platform that could facilitate the integration of games into the web3 environment. Immutable's secure infrastructure and proven commitment to the field made it an ideal partner for Fenix Games. The collaboration aims to help game developers navigate the complexities of web3, reduce risks, and accelerate the growth of the industry.Andrew Sorokovsky's Perspective: Immutable's VP of Global Business Development, Andrew Sorokovsky, expressed enthusiasm about the partnership, highlighting Fenix Games' team's extensive experience in both AAA publishing and web3. He anticipates collaborating to shape the future of gaming.Fenix Games' Role in Web3 Growth: Fenix Games intends to leverage its years of expertise to attract and support the best game development teams, guiding them in the transition to web3. This involves selecting, advising, and publishing exceptional services on Immutable's gaming platform, contributing to the rapid expansion of the web3 games industry.Mythical Games Lawsuit: It's worth noting that Mythical Games has filed a lawsuit against Fenix Games, accusing three former executives of working for Fenix while they were supposed to be raising funds for Mythical. Allegedly, they stole a strategic business plan from their positions at Mythical to secure personal financing. Fenix Games has not publicly commented on this lawsuit.About Immutable: Immutable is recognized as an innovator in the gaming industry, with a mission to grant digital ownership to every player while ensuring the ease and security of creating exceptional web3 games. Their ecosystem offers solutions for game studios and developers to monetize Ethereum-based games efficiently, with support for scaling through zero-knowledge (zk) technology.Fenix Games' Vision: Fenix Games is a Web 3.0 game publisher founded by individuals with experience in both the gaming industry and Wall Street. The company aims to transform how people engage with games by involving them as stakeholders. Leveraging decentralization and blockchain technology, Fenix Games aspires to build a portfolio of diverse gaming projects.In conclusion, Fenix Games' collaboration with Immutable signifies a significant step in the evolution of web3 gaming, combining established expertise with innovative blockchain technology to shape the future of the industry. The partnership aims to facilitate the growth of web3 games, making it more accessible for both developers and players. However, the ongoing lawsuit with Mythical Games adds a layer of complexity to Fenix Games' journey in the web3 gaming space.

Interesting week wrapping where a lot happened during the week in the Web3 gaming industry. We got our hands on a significant report on blockchain gaming activity by DappRadar. Additionally, we saw Binance Group coming to the rescue and providing its platform to Gala Games Contract Upgrade. Eternal Dragons came out with a massive update introducing quest mode and NFT integration. Furthermore, Ultra Games rolls out its Chrome extension for Ultra Wallet. More news from the gaming sector where The Nemesis metaverse launched its NEMS token, Champions Ascension moving to Polygon blockchain, The Sandbox May Festival, and Blocklords opening community beta. Finally, big news for NFT enthusiasts, NFT Worlds announces Rebrand to Topia. According to DappRadar, blockchain gaming experiences have seen a decline in activity. However, there are still some updates and launches taking place within the industry. Eternal Dragons has introduced its biggest update, Ultra Games has launched its Chrome extension, BLOCKLORDS has released its community beta, and Champions Ascension is moving to the Polygon blockchain and making other upgrades. Additionally, NFT Worlds has rebranded itself to Topia.

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.

Polygon has seen unprecedented growth in the past few months, with the number of active users and total value locked (TVL) in Polygon’s DeFi ecosystem increasing rapidly. During April, Polygon zkEVM Mainnet experienced up to +300% growth in key metrics. This month recorded some huge numbers for Polygon Mainnet as it gained further support for its community and larger Web 3.0 ecosystem. We will discuss these key metrics on gas costs, total value locked (TVL), net value bridged (NVB), and development activity in this report. its zkEVM Mainnet Beta exceeded 50,000. A total of 95.25 ETH, or almost $177,000 in fees, is already generated across all transactions on the high-performance Zero-Knowledge platform. DappRadar report also indicates that Planet IX, a strategic play-to-earn NFT game, dominated the on-chain activity on Polygon in the first quarter.

Attention gamers! This week's Super Sunday roundup of the latest Web3 gaming news is here. Get ready for exciting launches, betas, and platforms from Polygon, ArcheWorld, Mighty Action Heroes, LimeWire, Mojo Melee, Gala Music, and Razer. From free mint events and land sales to open betas and early access, there's a lot going on in the world of blockchain games. Don't miss out on the latest updates and developments. Read on to get all the details!

Polygon rises in Web3 gaming with blockchain adoption and NFTs. Here are the key factors behind its success in the gaming sector. Adoption of blockchain technologies and NFTs: the rise of Polygon in the gaming sector and the key factors behind its success in Web3. One of the key players rising high in the adoption of blockchain technology and NFTs is Polygon, a layer-2 scaling solution for Ethereum.

David Ayer, the filmmaker behind hit movies such as "Training Day," "Fury," and "Suicide Squad," is expanding his creative portfolio by developing an NFT racing game called "Lollipop." He is also the co-writer behind the blockbuster franchise The Fast and Furious. Now, Ayer will bring his creativity and master talent to a new NFT game project which will use the Polygon network. Polygon is a blockchain platform that promises low transaction fees and fast transaction times, making it easier for players to buy, sell, and trade NFTs within the game.

The world of Web3 was buzzing with excitement as major players announced game-changing partnerships and events on "Super Sunday". Immutable and Polygon joined forces, while gamers eagerly anticipated the Eternal Dragons Tournament and Yuga Labs' second trip into the metaverse. Here's a closer look at the exciting developments shaping the future of Web3.Another edition of Super Sunday with a lot of blockchain gaming industry news. This week saw several massive developments including Immutable and Polygon, two of the big guns in the blockchain industry, joining hands to launch zkEVM. Moreover, we have Eternal Dragons Alpha Tournament, CCP Games planning an AAA blockchain game, and popular and nostalgic Neopets planning a comeback as a Web3 game. A major update by Yuga Labs this week is the launching of Second Trip to the other side, Spider Tanks releasing a massive update, and finally, Mocaverse reveals Moca NFTs.

Web3 development is on the rise, and the NFT marketplace is one of the most profitable investments. Check out this easy guide to setting up your own digital collectible marketplace.An NFT marketplace is an online place where people can buy, sell, and trade tokens that can't be used to buy or sell anything else (NFTs). Some well-known NFT marketplaces are OpenSea, SuperRare, Rarible, and Nifty Gateway. These Web3 platforms give you a lot of choices, such as tools for making and minting NFTs, bidding, auctions, and transactions with a set price. Several NFT marketplaces also have social and community tools that let users talk to each other and make NFT communities. The way we think about ownership and collectibles is changing because of NFTs. NFTs have given collectors and creators of art and digital content new ways to invest in these fields and new ways to make money off of their work. Because NFTs are becoming more and more popular, there is a huge need for NFT marketplaces. If you want to build an NFT platform for collectibles, you need to think about essential, premium, and security features. These features can help you get more customers, gain the trust of your users, and keep your system safe from threats.Let's take a look at these important things that your NFT marketplace for collectibles should have: In an NFT marketplace, it is important to have a strong digital asset management system so that NFTs can be stored and handled safely. Each NFT should be guaranteed to be unique and real, and this system should stop anyone from being dishonest.An interface that is easy to use can make your platform more appealing and user-friendly by making it easy for users to find their way around.User accounts must be easy to set up, keep track of, and use so that they can be used to buy and sell collectibles.The market should accept a variety of payment methods, such as PayPal, credit cards, and other payment gateways.Making it easier for people all over the world to do business on your platform can help.

"Unlocking the Future: A Deep Dive into Web3 Gaming and Top Blockchain Networks" is your ultimate guide to the exciting intersection of gaming and blockchain technology. Delve into the dynamic world of Web3 gaming, where players not only play but also earn and truly own their in-game assets. From exploring the top blockchain networks like Binance, Ethereum, and Polygon to discovering the diverse genres of blockchain games, including RPGs, MMORPGs, sports, and casual games, this article covers it all. Learn how blockchain technology is revolutionizing gaming by providing transparency, security, and ownership of virtual assets. Plus, stay updated on the latest play-to-earn gaming news, ensuring you're always ahead of the curve in this rapidly evolving landscape. Whether you're a seasoned gamer, a blockchain enthusiast, or a curious newcomer, "Unlocking the Future" invites you to join the journey into the thrilling world of Web3 gaming.

Urvit Goel of Polygon says that 2023 will be a big year for the Web3 industry and metaverse. He says that this is when we will see high-quality blockchain games.There are a lot of hopes for blockchain games, and many people expect them to live up to those hopes. Since 2023 is a "put up or shut up" year, it's likely that things will work out. But it's more likely that we'll see great Web3 games that are already being made by people with a lot of experience making games. Urvit Goel, Vice President of Games at Polygon, talked to VentureBeat about how important 2023 will be for the blockchain gaming industry. He also talks about the role that Polygon is playing in making the change happen.Goel said that 2023 will be a big year for the gaming industry, especially in terms of how blockchain technology is used. People will pay close attention to the promises made about upcoming games, and it's important that results start to show. Many developers are still in stealth mode and haven't put out any products yet. As more games come out, it will be easier to figure out how good they are and where the industry is headed. Polygon is making progress in the right direction, as it recently integrated Magic Eden into its chain. Additionally, blockchain games like The Sandbox, Decentraland, and more have embraced Polygon. However, it isn't as easy as it sounds, especially after the FTX collapse and the raging crypto winter. Despite the challenges, Dappradar reports that the Web3 blockchain gaming sector saw more than $500 million in investments. Goel facilitates the integration of cutting-edge technologies and marketplaces into the development process. He does this with a view to producing superior products. In support of this, Polygon has created a fund worth $100 million to invest in Web3 gaming and related sectors. A significant portion of this funding has been provided from the company's own resources, derived from a previous funding round that generated $450 million.Goel says that the blockchain gaming industry is growing up very quickly. At first, most people were interested in how blockchain and cryptocurrencies could be used to make money. This made games that were easy to understand and didn't impress serious gamers. Goel, on the other hand, thinks that the industry has reached a point where good games are being made. This shows a change toward becoming more mature and trustworthy.Goel says that the only developers left in the blockchain gaming industry are those who are very dedicated to making high-quality games that gamers will enjoy. Most of the time, these teams have a lot of money and all the tools they need to make great games. On the other hand, Web2 developers who move into Web3 projects are also likely to make a difference in the field. Even though the business has changed recently, Goel doesn't see any signs of a slowdown in the near future.

In a recent episode of Decrypt's gm podcast, Polygon Labs' President Ryan Wyatt shares his insights on the future of Web3 blockchain games. He believes gamers will eventually adopt Web3 adaptations, driven by improved gameplay and true digital ownership through NFTs. Despite initial skepticism and challenges, Wyatt emphasizes that gamers, being tech-savvy, are likely to embrace these innovations as technological barriers decrease. He discusses the potential of NFTs to revolutionize digital property rights in gaming, allowing players to buy, sell, and trade in-game assets freely. Wyatt also highlights the need for developers to create engaging and sustainable Web3 gaming experiences. As blockchain technology evolves, Web3 games might simplify the user experience and integrate seamlessly with traditional gaming models. Dive into Wyatt's vision for the future of gaming, where Web3 and NFT gaming are set to transform the industry.

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.