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

In July 2023, Michael Sanders, a co-founder of Horizon, addressed the challenges faced by game developers in integrating Web3 technology seamlessly. His presentation at Pocket Gamer Connects Toronto highlighted innovative solutions to enhance the user-friendliness of games while addressing issues such as wallets, gas fees, and in-game markets.Central to Sanders' discussion was Horizon's vision of creating a gaming ecosystem accessible to all players, regardless of their blockchain and cryptocurrency knowledge. The aim is to cultivate a diverse and engaged player base, ensuring that the integration of Web3 technology does not alienate those unfamiliar with the field.The success of Horizon's flagship trading card game, Skyweaver, now in open beta, demonstrates the realization of this vision. Skyweaver's large player base and active community validate Horizon's approach to making Web3 accessible and enjoyable for a wide audience.Sanders delved into the challenges of incorporating blockchain technology into games, emphasizing wallet management, non-secure payments, and high gas fees as significant hurdles. Horizon introduced Sequence, a groundbreaking Web3 technology solution, to address these issues.Sequence simplifies wallet creation and onboarding by offering a smart contract wallet that allows users to sign in using their existing social logins or authentication systems, reducing barriers to entry.Sequence also offers diverse wallet solutions, including universal and application-specific wallets, catering to both non-custodial and semi-custodial preferences, providing users with flexibility and choice.To tackle the issue of high gas fees, Horizon introduced a "transaction relayer" that allows game developers to cover transaction costs on behalf of users, eliminating the need for users to possess cryptocurrencies to pay gas fees.Horizon's creation of the ERC-1155 semi-fungible token standard (SFTs) addressed the limitations of NFTs, particularly concerning video game items that require multiple copies. SFTs facilitate the creation of multiple copies of in-game items, making them ideal for trading cards, skins, weapons, and materials.Many Web3 games, including Skyweaver, have adopted the ERC-1155 SFT standard, demonstrating its effectiveness in managing and trading various in-game assets. SFTs also add liquidity to the ecosystem, facilitating market growth and encouraging player interaction.Sanders emphasized the significance of in-game marketplaces in enhancing user engagement. In contrast to third-party marketplaces, in-game marketplaces offer a seamless and integrated experience, reducing distrust and friction, ultimately boosting user retention.Looking ahead, Sanders highlighted the ongoing need to improve Web3 technology's integration into gaming for a better player experience. The focus remains on simplifying and securing trading processes, making Web3 applications more accessible to a broader audience. Horizon and Michael Sanders are at the forefront of seamlessly integrating Web3 into the gaming world, making it more inclusive and captivating for everyone.Sanders' ideas and Horizon's contributions underscore how Web3 integration could revolutionize the gaming industry. Their player-centric approach, featuring user-friendly solutions, innovative token standards like ERC-1155 SFTs, and integrated in-game marketplaces, has the potential to reshape how people engage with games. Sanders and Horizon are paving the way for a future where Web3 and gaming harmonize, bridging the gap between traditional gaming and new technologies.

NFT games Explain with answers to common queries and questions (FAQ), emerging trends, and strategies for how to playing and earning in 2024. NFT games, where titles like Axie Infinity, The Sandbox, and Splinterlands are reshaping the gaming landscape. In this comprehensive guide, we not only bring you insights into the latest trends in blockchain gaming but also offer the largest FAQ on NFT games available. Explore this transformative realm, complete with answers to common queries, emerging trends, and strategies for playing and earning in 2024. Whether you're a seasoned NFT gamer or a curious newcomer, this article equips you with the knowledge needed to navigate the exciting world of NFT games with confidence. Welcome to the dynamic world of NFT games, where the convergence of blockchain technology and gaming is transforming both the virtual and real worlds. In 2023, trends in the gaming industry are unequivocally defined by the rise of Non-Fungible Tokens (NFTs). Titles like Axie Infinity, The Sandbox, Splinterlands, and Sorare have become household names among gamers and investors alike. NFT games are reshaping how players interact with digital assets, offering unprecedented opportunities for earnings and ownership within virtual realms. In this article, we embark on a journey through this thriving NFT gaming ecosystem, exploring the latest trends, key titles, and emerging opportunities that are rewriting the rules of the gaming landscape. In the ever-evolving landscape of the gaming industry, a transformative trend is taking center stage: Non-Fungible Tokens (NFTs) and their profound impact on gaming, earnings, and the future of virtual assets. This comprehensive article delves into the dynamic world of NFT games, offering a detailed exploration of the latest trends, key titles, and emerging opportunities that are reshaping the gaming landscape in 2023.NFT games, rooted in blockchain technology, have revolutionized the way players interact with digital assets within the gaming ecosystem. These unique tokens underpin gameplay, govern rules, and dictate how players navigate these virtual realms. Players can now use NFTs to create characters, acquire in-game items, and even trade these digital assets, transforming gaming into a lucrative endeavor. A diverse array of NFT games like Axie Infinity, The Sandbox, Splinterlands, Sorare, and Star Atlas are at the forefront of this gaming revolution, offering players unprecedented opportunities to earn real-world value through gameplay.The article acknowledges the growing popularity of NFT games, with Axie Infinity leading the pack, boasting a staggering 2.8 million daily active players. This play-to-earn game enables players to accumulate AXS tokens, further fueling the NFT gaming frenzy. Other titles like The Sandbox and Sorare also contribute to the rising popularity of NFT gaming, cementing the trend's staying power.As players increasingly recognize the earning potential in NFT games, they are exploring various avenues to monetize their gaming experiences. Play-to-earn NFT games, a prominent subset of this ecosystem, enable gamers to earn native tokens and NFTs by participating in in-game activities. Additionally, gamers can venture into trading NFTs, collecting rare digital assets, participating in tournaments, and even selling in-game artwork or character assets. These diverse earning opportunities have elevated NFT games beyond mere entertainment, transforming them into income-generating platforms.However, it's crucial to acknowledge the risks associated with this burgeoning industry. While blockchain technology ensures the authenticity and scarcity of NFTs, it also introduces volatility, fraud, hacking, and legal uncertainties. To navigate these challenges, players and investors must stay informed, exercise caution, and conduct due diligence when dealing with NFTs.Despite these challenges, the pros of NFT games far outweigh the cons. Gamers enjoy full ownership of in-game assets, decentralized virtual real estate, and the enticing play-to-earn mechanics. Developers benefit from tokenized game development, and creators can tokenize their work as NFTs, earning royalties for their contributions. However, high entry costs, market volatility, and potential scams do present obstacles that players and investors must navigate.The article also highlights the broader implications of NFTs in the gaming industry, emphasizing their increasing significance. Web3 gaming assets, closely intertwined with NFTs, offer a unique virtual economy, propelling the global blockchain gaming market from $4.6 billion in 2022 to a projected $65.7 billion by 2027. This exponential growth signifies the pivotal role of NFTs and their transformative potential.Notably, the accessibility of NFT creation opens doors for individuals across various fields, from artists and musicians to game developers and content creators. This democratization empowers individuals to participate in and contribute to the NFT ecosystem, broadening its reach and impact.The article also delves into the most popular types of NFTs, with digital collectibles emerging as highly sought-after assets. These tokens often represent unique items or experiences, commanding premium prices in the market. Furthermore, the NFT market has witnessed some astonishing sales, with "The Merge" claiming the title of the most expensive NFT ever sold, fetching a remarkable $91.8 million in December 2021.For those looking to enter the play-to-earn NFT game arena, a range of exciting opportunities awaits. Games like Chimpzee, Ecoterra, and Tamadoge offer significant earning potential, from contributing to environmental protection to leveraging meme-inspired coins to power ecosystems. These titles provide players with various avenues to monetize their skills and investments.In conclusion, NFT games represent a transformative force in the gaming industry, offering gamers, creators, and investors a gateway to a new dimension of digital experiences. As blockchain technology matures and gaming continues to evolve, NFTs are poised to play an increasingly influential role. Whether you're a dedicated gamer, an aspiring creator, or a savvy investor, the NFT gaming ecosystem invites you to explore, create, and embark on an exciting journey into the future of virtual assets.

In the world of cryptocurrency, SKALE Network's SKL coin emerges as a promising newcomer compatible with the Ethereum ecosystem. In this comprehensive analysis, we delve into the potential and integrity of this blockchain innovation. Examining the technology's unique features, such as elastic sidechains, enhanced storage capabilities, and interchain communication, we explore how SKALE Network, under the leadership of CEO Jack O'Holleran, is poised to redefine decentralized application development. Additionally, we assess market trends and perform a technical analysis of SKL coin's price trajectory, shedding light on its potential for growth amidst the dynamic cryptocurrency market. SKALE Network's SKL coin is a newcomer in the cryptocurrency industry with compatibility with the Ethereum ecosystem, positioning it for potential growth in the future.SKALE Network OverviewThe SKALE Network is an elastic blockchain designed to work seamlessly with the Ethereum ecosystem. It boasts low latency, high throughput, and Byzantine fault tolerance, making it a promising solution for developers. Initially, it was primarily used for flexible side chains based on the Ethereum blockchain. SKALE Network currently supports Ethereum but plans to expand its support to other Security Layer blockchains, serving as an execution and interoperability layer between various distributed technologies.Storage InnovationsSKALE Network has adapted the Ethereum Virtual Machine (EVM) to enable the storage of significantly larger files. This includes larger block sizes and smart contracts with access to individual nodes' file systems, allowing files to be segmented into 1 MB "chunks" and stored across participating nodes' file systems.Interchain CommunicationThe network facilitates the execution of smart contracts and the transfer of crypto assets between Elastic Sidechains through group signatures. Agents on virtualized subnodes manage these interchain communications, connecting smart contracts on the Ethereum mainnet and Elastic Sidechains.Key FeaturesSKALE Network offers rapid deployment of high-performance, secure, and distributed applications. It employs Byzantine Fault Tolerance (BFT) for enhanced security and asynchronous implementations for robustness. The absence of a leader in its consensus mechanism ensures equal opportunities for nodes to propose and commit new blocks.SKALE Network UtilityThe network's governance system and incentive programs are powered by its native cryptocurrency, SKL. SKL tokens are used for staking, enabling delegates or token holders to support validators. Developers use SKL tokens for Elastic Sidechain memberships, and rewards are distributed to validators and delegators from subscription fees and token inflation. SKL tokens also allow users to participate in governance decisions and access network resources by deploying and renting Elastic Sidechains.Technical AnalysisSKALE Network's SKL coin exhibited steady growth in the first quarter of 2021, with volatility peaking in March and April. Since April, the price has followed a more stable trajectory, trading below its 50-day exponential moving average. The Accumulation/Distribution indicator declined from March 2021, suggesting decreasing market attention.Bollinger Bands analysis highlights significant volatility in March 2021, with the SKL coin breaking resistance levels. Subsequently, a less volatile period persisted until July 2021. In early 2022, the SKALE network's value started rising while the SKL coin's value fell.Long-term price projections for SKL coin indicate a potential range of $0.030 to $0.080 in 2023. There is optimism for the SKL cryptocurrency, with a projected general price level of around $0.35 in 2030, although it may reach a maximum value of $0.42.In summary, SKALE Network's SKL coin offers compatibility with Ethereum, advanced features for developers, and promising utility within its ecosystem, while its price has displayed both volatility and potential for future growth.

In an era dominated by tech giants like Google, Amazon and many others, the digital landscape is undergoing a revolutionary transformation with the emergence of Web3 technology. Sir Tim Berners-Lee, the inventor of the internet, has expressed concerns about how the internet has deviated from his original vision, highlighting issues of user privacy and the spread of false information. This article delves into the promise of Web3, a set of technologies that includes blockchain, artificial intelligence, the Internet of Things, and extended reality. Web3 aims to rectify the shortcomings of Web1 and Web2 by decentralizing control, empowering users, and reshaping the financial ecosystem. It also explores the impact of Web3 on creators and the challenges it faces, shedding light on the trends shaping the future of the digital age. The article explores the transformative potential of Web3 technology, which represents a new paradigm for the digital age. It contrasts the evolution of the internet, from Web1 to Web2, with the emergence of Web3 as a solution to the shortcomings of the existing digital landscape dominated by tech giants like Google and Facebook.Background: The internet's initial stages (Web1) were characterized by static websites serving as informational hubs. Later, Web2 brought about collaborative applications and online communities, improving connectivity but at the cost of centralized control and data exploitation by major corporations.Web3 Technology: Web3 relies on cutting-edge technologies, including blockchain networks (such as Ethereum), artificial intelligence (AI), the Internet of Things (IoT), and extended reality (XR). These technologies aim to decentralize control, empower users, and foster a sense of ownership, enabling active participation rather than passive consumption.Financial Revolution: Web3 introduces the concept of software tokens, allowing users to digitize assets and establish financial stakes in their digital presence. This eliminates the need for intermediaries like banks and tech giants, promoting peer-to-peer transactions.Stablecoins: Stablecoins, backed by assets like the US dollar, have gained significant popularity, with a market value surpassing $100 billion. Major players like PayPal, Citigroup, Visa, and J.P. Morgan are entering the Web3 financial ecosystem, further legitimizing its potential.AI Integration and Smart Contracts: AI integration within Web3 enables creators to receive immediate royalties when their work is used to train AI models. Smart contracts, a key element of Web3, are self-executing and eliminate the need for traditional legal enforcement.NFTs and Creators' Earnings: In the Web3 ecosystem, creators have earned $24 billion by selling their work as non-fungible tokens (NFTs). This contrasts with traditional platforms like Spotify, a Web2 platform, which paid artists $7 billion in royalties in 2021.Tokenization and Democratization: Tokens in Web3 grant users direct ownership and economic stakes in digital projects and platforms, symbolizing a shift toward democratization and decentralization of power.Challenges and Risks: Despite its promise, Web3 faces challenges and potential risks. The proliferation of tokens has raised concerns about gambling and speculation. Additionally, Web3's success depends on the shift from centralized cloud networks like Amazon Web Services to a more decentralized infrastructure for internet connectivity, storage, and spatial data.In conclusion, Web3 represents a transformative shift in the digital landscape, offering a more decentralized and democratized internet experience. While it presents promising opportunities, it also faces challenges that must be addressed for its full potential to be realized.

"Mighty Bear Games: A Journey of Innovation, Evolution, and Vision in the Web3 Gaming Industry" chronicles the remarkable trajectory of Simon Davis, co-founder and CEO of Mighty Bear Games, within the gaming landscape. Davis, initially a professional guitarist, stumbled upon gaming during a financial crunch, leading him to co-found Mighty Bear Games. His journey through renowned gaming companies such as King Digital Entertainment, Ubisoft, and more, equipped him with insights and connections vital to his career.The article focuses on Mighty Bear Games' shift from traditional gaming to Web3 and blockchain technology under Davis' guidance. The company's adoption of ERC-6551 tokens marked a pivotal moment in the industry, enabling immersive experiences by facilitating direct communication between in-game assets. The launch of "Mighty Action Heroes" showcased the innovative use of blockchain, earning widespread recognition.Despite challenges posed by the unregulated crypto and Web3 sphere, Davis remained committed to the positive potential of these technologies. His vision includes a gaming ecosystem where blockchain transforms player experiences. Elements like achievements, proof-of-work, and personalized assets enhance player engagement and immersion. The concept of soulbound assets, reflecting individual playstyles, fosters player investment.In Davis' future-forward vision, blockchain gaming fosters community, trust, and camaraderie. Transparent and authentic recognition of player efforts strengthens connections within the gaming community. As Mighty Bear Games explores novel opportunities, Davis' journey stands as a testament to his innovation, dedication, and transformative influence on Web3 gaming.

Farcana, a new Web3 team arena shooter game, has teamed up with Animoca Brands, a company based in Hong Kong. Farcana wants to change the team shooter genre by adding dynamic character skills and a Bitcoin reward system. This partnership is a big step in that direction. In a joint statement, the two companies talk about how important Animoca Brands will be to Farcana's tokenomics and Web3's go-to-market strategies. With its deep knowledge of the industry and large network, Animoca Brands is in a good position to help Farcana realize its goal of giving Web3 gamers an immersive, satisfying, and easy-to-access experience. This partnership shows that Farcana has a lot of potential and can grow quickly with the help of Animoca Brands.

Apeiron is a one-of-a-kind game that uses cutting-edge Web3 technology to combine roguelite and god game elements. The battle demo for season 2 of the game just came out on the Epic Games Store. Apeiron isn't like other god games because it has different ways to play, like MOBA, card games, and autobattlers. This makes the game more interesting and fun for players.In Apeiron, players can become gods and control a divine elemental construct called an Avatar. With the help of their loyal dood Apostles, players can go into dungeons and fight against the armies of the Mad God Chaos on behalf of the High Goddess Cosmos. Along the way, players will be able to run planets, get good at the basic elements, and go into dangerous dungeons.

Explore the transformative world of play-to-earn games, where fun meets earnings through crypto tokens and NFTs. Gaming redefined. The way people play games is changing, with "play-to-earn" games getting a lot of attention. This new idea gives players crypto tokens or NFTs for their in-game accomplishments. Some industry experts and investors, like Alexis Ohanian, think this model will work in the long run, but others aren't so sure. Alexis Ohanian, who helped start Reddit and started the venture capital firm Seven Seven Six, has spoken out in favor of "play-to-earn" games. He thinks that in the future, gamers will want to be paid for the time they spend playing games.

Gala Games, a blockchain-based gaming platform, has announced its decision to burn 21 billion Gala coins in order to prevent potential future token sell-offs and address concerns within its community. The move was prompted by worries about excessive token availability, potential dumping of tokens, and the potential devaluation of GALA coins after the release of the v2 token.The company's 2023 Vision Paper outlined plans to burn two billion GALA tokens within a year, along with an additional 3.96 billion GALA tokens, equivalent to the total tokens issued since the platform's inception in 2019. This strategic token burning was intended to bolster community sentiment, strengthen the node community, and promote mobile growth.Token burning, a practice in which tokens are permanently removed from circulation, is known to impact supply and demand dynamics, potentially leading to increased token value over time. Gala Games aimed to create scarcity within the token ecosystem, driving up demand and consequently enhancing token prices.Following the release of the v2 token, Gala Games shared news of burning an additional 15 billion tokens. This information was disseminated through the company's official Twitter account, signifying a new phase for the platform.Gala Games also introduced an upgraded version of its token, GALA v2, with existing GALA holders receiving a 1:1 ratio of the updated token. The company's CEO, Jason Brink, emphasized the company's commitment to long-term sustainability and the necessity of deriving benefits from the ecosystem rather than relying solely on a stockpile of tokens.In a bid to secure future funding, Gala Games allocated 2 billion GALA tokens for future use, transparently storing them in a doxxed wallet to instill confidence in the community. This allocation aimed to facilitate the platform's growth and reward its participants.Gala Games offers a diverse range of blockchain-based games, allowing players to earn non-fungible tokens (NFTs) and GALA cryptocurrency as rewards. The platform collaborates with Ethereum, Polygon, and BNB Chain to provide optimal token exchange and user experiences.Overall, Gala Games' strategic token burning and initiatives to strengthen the ecosystem were designed to address community concerns, enhance token value, and ensure the platform's sustainable growth.

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.

In the world of cryptocurrency, a significant development is taking place regarding Gala Games' native token, Gala, and its upgrade, Gala V2. Coinbase, a major cryptocurrency exchange, is at the center of this development, and its decision not to support the Gala token upgrade has raised questions and concerns within the cryptocurrency community. This article aims to provide a detailed summary of these events and their implications for Gala holders and the broader crypto industry.Gala Token Upgrade and Coinbase's Response:Gala Games, a blockchain gaming startup, has announced plans to upgrade its native token, Gala, to Gala V2. This upgrade is intended to enhance the token's smart contract, making it more secure and versatile for the evolving world of blockchain gaming. However, Coinbase, one of the largest cryptocurrency exchanges, has opted not to support this upgrade. Coinbase announced that it would cease trading the current Gala token (Gala V1) on May 12, three days before the scheduled upgrade on May 15. This decision has left many Gala holders concerned and uncertain about the fate of their holdings.The exact reasons behind Coinbase's decision remain unclear. Gala Games' President of Blockchain, Jason Brink, speculates that Coinbase may view the token distribution as an airdrop rather than a direct replacement, which could explain their cautious approach. Nevertheless, Coinbase's stance is having significant repercussions within the cryptocurrency industry.Implications for Gala Holders:Gala holders who currently have their tokens on Coinbase face several important consequences due to this development. To benefit from the Gala token upgrade to Gala V2, they must transfer their tokens to a compatible wallet by May 15. Failing to do so means they will not receive the upgraded tokens, and Gala V1 tokens will no longer be functional or supported on Coinbase after May 15. This creates a potential challenge for those who held Gala coins in liquidity pools or smart contracts, as they will need to withdraw their holdings promptly to participate in the upgrade.Moreover, beyond the immediate impact on Gala holders, Coinbase's cautious approach has broader implications for the cryptocurrency industry as a whole.Regulatory Challenges and Their Wider Impact:Coinbase's decision reflects the ongoing regulatory challenges that cryptocurrency exchanges are facing, particularly in the United States. Regulatory bodies such as the U.S. Securities and Exchange Commission (SEC) have heightened scrutiny of crypto-related activities, particularly initial coin offerings (ICOs) and token sales. Consequently, exchanges like Coinbase are exercising increased diligence when handling token upgrades and distributions.These regulatory challenges range from ensuring compliance with existing regulations to obtaining licenses and approvals from government authorities. While this compliance is essential for investor safety and to prevent illicit activities such as money laundering, it can also stifle innovation and slow down market growth. Stricter regulations may discourage companies from pursuing new ideas and projects due to the burden of compliance.Furthermore, unclear regulatory environments can erode investor confidence, leading to reduced trading and investment activities, which can negatively impact the cryptocurrency market as a whole.The Future of the Crypto World:In summary, the Gala Games' coin upgrade has stirred controversy within the crypto community, but it also highlights the broader regulatory challenges faced by cryptocurrency exchanges like Coinbase. The lack of clarity in regulations and their potential to inhibit innovation and growth remain significant concerns. However, the cryptocurrency industry continues to evolve and adapt. Over time, there is hope for clearer regulations and industry standards, which will foster innovation and growth.Until then, companies in the crypto space will need to navigate these challenges carefully while pushing the boundaries of what blockchain technology and cryptocurrencies can achieve. Despite the obstacles, the crypto industry's future remains promising, with the potential for continued expansion and maturation.

Gala Games is propelling the future of blockchain gaming with the introduction of $Gala (v2), marking a new era for their ecosystem. This upgraded token aims to enhance players' gaming experiences while enabling them to earn rewards through competition. Gala Games announced the launch of $Gala (v2) on May 15th, bringing significant improvements such as enhanced burn mechanisms, security upgrades, and future upgradability to its Ethereum contract.The company's focus on a decentralized market, player token rewards, and stakeable tokens for greater benefits underpins its commitment to innovation. The Gala (v2) token, built on Ethereum as an ERC-20 token, seeks to expedite transactions within the Gala Games ecosystem and provide access to platform services.One notable aspect is the integration of Gala (v2) into the ecosystem's decentralized marketplace, enabling secure and transparent value exchange, including the trading of in-game items and digital assets. Gala Games has been proactive in communicating with its community and ensuring a smooth transition for token holders from $Gala (v1) to $Gala (v2).Gala Games has garnered attention with its projects that prioritize player ownership and decentralization. Among these is "Town Star," a play-to-earn town-building game where players compete to create efficient towns. Another project is "Spider Tanks," a PVP brawler game featuring real-time tank combat with customizable tanks and physics-based movement.With a focus on empowering players and advancing the possibilities in the gaming sector, Gala Games aims to create a thriving ecosystem that benefits all participants.

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

Blockchain Technology, Video Games equals Earning Opportunities for every gamer! Play To Earn (P2E) Opportunities are all over in 2022.

Polygon Studio’s CEO Ryann Wyatt shared his candid insights on NFT's and their future in the video game industry.

Gumi Cryptos Capital pledges a massive investment of $110 million in capital for new and early-stage blockchain startups.

GameFi is a phenomenon that resulted from the amalgamation of gaming, decentralized finance, and NFTs. Why are gamers not excited?

GameFi is the newest craze in the gaming industry nowadays, and many aren’t quite familiar with how it works and what exactly it means.

We share some important points in a sustainable NFT games economy. The dynamics have switched from Pay to win to Play to Earn.

Axie Infinity Deploys Desperate Changes to its Resuscitate its Limping Economy.Axie Infinity, the torchbearer of P2E, decides to implement a few changes to its economic model after plunging stats of its token price, NFT valuation, and trading volume. After its astronomical popularity last year, this is the first time the game suffers a decline in popularity.Axie Infinity changes its economic systemThe Ethereum based game enjoyed massive success last year and racked up almost $4 billion in NFT trading volume.However, things went south lately for Axie Infinity as its token and NFT values took a downfall. The plunging values of the game have put the entire play-to-earn model into question. Assessing the failing economy of the game, the creators of Axie Infinity have decided to introduce changes designed to bring the game economy back to life.The prime change is related to SLPs where the game will reward fewer SLP tokens. Moreover, the game will focus more on online arena battles and their rewards. The changes will go live with the game’s 20th season on both mobile and PC.As of now, Axie Infinity requires a player to buy its NFT assets which are known as Axies. To begin playing the game, a player needs to buy at least three of these NFTs. The player then earns by breeding and battling monsters which yield token rewards.The P2E model of Axie Infinity also resulted in community-based scholarship programs. These scholarship programs worked in third-world countries where NFT asset holders rent Axies to players in return for a cut in token rewards. This scholarship program also played a massive role in Axie Infinity’s success last year.Axie Infinity changes its economic systemHowever, the momentum quickly took a plunge, and the game’s token SLP decreased below $0.10. The falling value of the token put a massive strain on the scholarship guilds.Moreover, AXS also plunged nearly 70% when compared to its peak value. Its NFT trading volume decreased from $754 million in November to $301 million in December.And to top it all off, Sky Mavis’ data shows a drop in concurrent players from a peak of 2.7 million in November to 2.2 million at the end of January.Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.If you want to stay up-to-date of my daily game news, then follow me on Google News.

Renting, Play to Earn, NFT Games? You are reading it well. Play-to-earn games have become a popular way for gamers to make some cash

We have all heard a lot about metaverse, and how this new phenomenon will become the future of the internet.

Gaming Guilds and Crypto Games, what does it mean? So what exactly are gaming guilds and why are they becoming so popular?

Hackers on the Prowl as $404 Million Lost in Attacks this Month. There is an influx of massive amounts of money hackers try to break in

The funding for Forte came when other NFT gaming companies have crossed the $1 billion valuations. Some companies reached unicorn status

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

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.

Get fun and rewards with our top 500 play-to-earn games 2024! Play exciting game titles that offer in-game assets like NFTs and Cryptos. Set out on a gaming adventure with our hand-picked list of the Top 10 Play-to-Earn Games! If you're sick of traditional games that give you little in return, these titles will change your gaming experience. Immerse yourself in a world where every moment of enjoyment is accompanied by valuable in-game rewards. Whether you're a seasoned gamer or just getting started, these Play-to-Earn games offer an exciting blend of entertainment and monetary rewards. From strategic challenges to immersive simulations, each title on our list provides a distinct blend of gameplay and the chance to earn rewards while having fun. Don't pass up the opportunity to improve your gaming experience—explore our Play-to-Earn games and discover a new level of excitement where every move you make counts toward both enjoyment and valuable in-game prizes. It's time to change your game and reap the benefits!