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

Read Daily: The Latest Crypto, NFTs, Web3, Blockchain, and Play-to-Earn News

Stay in the loop with our daily gaming news! Discover the latest in blockchain tech, play-to-earn games, NFTs, Web3, and metaverse gaming, keeping you on top of crypto gaming trends.

Tag: Web3

The Rise and Beast-Fall of eFuse Creator League: Blockchain Controversy

The Rise and Beast-Fall of eFuse Creator League: Blockchain Controversy

Last week, eFuse, an esports technology company, announced the launch of its "Creator League," featuring popular content creators like Bella Poarch, iShowSpeed, and Clix. The initiative garnered significant attention, thanks in part to a promotional push utilizing MrBeast's massive YouTube subscriber base. However, the project faced immediate controversy due to its use of blockchain technology, leading eFuse to temporarily suspend the league.Before the league's suspension, eFuse had been in the spotlight for a different reason – the company reportedly laid off around 30% of its staff. While eFuse did not disclose specific figures, they released a statement acknowledging the layoffs as part of a restructuring effort. Despite these challenges, eFuse expressed continued enthusiasm for the Creator League concept and pledged to take community feedback into account while refining the format.The Creator League introduced "Community Passes," which fans could purchase for $20 each. These passes were associated with various gamers and social media influencers who oversaw teams within the esports league. Passholders gained access to a private Discord server, allowing them to engage in league-related polls and tournaments.However, concerns emerged within the esports community regarding the league's use of blockchain technology. eFuse stated that it was using the Near blockchain to "validate data and log information" related to the Community Passes. They clarified that these passes were not NFTs (non-fungible tokens).The controversy intensified when one of the YouTube creators featured in the Creator League, Connor "CDawgVA" Colquhoun, announced his intention to withdraw from the project due to a lack of understanding about the technology involved. Additionally, Bryce "Brycent" Johnson, a crypto gaming broadcaster, expressed uncertainty about whether other influencers associated with the league were aware of its blockchain ties. Responses from other parties involved, such as OTK and TipsOut, were mixed, with some claiming they were unaware of any NFT or crypto elements in the league.Despite the use of blockchain technology to record Community Passes, eFuse did not explicitly communicate this fact to customers on its sales website or blog entries. However, they have stated that they will honor refund requests submitted by fans via email. When questioned about their business relationship with Near, an eFuse spokesperson revealed an "18-month relationship" with the blockchain platform, which had provided a cash grant to support eFuse's tech development.The Near Foundation, which provided the grant, did not immediately respond to media inquiries. However, a transparency report from September 2022 confirmed that eFuse had received an undisclosed amount as part of the foundation's "Ecosystem" funding efforts.Notably, eFuse has faced previous controversies, including the resignation of its Chief Strategy Officer, Patrick Klein, due to sexual harassment claims stemming from his time at Ohio State University. A university inquiry in 2020 found that Klein had violated the school's sexual harassment standards in his interactions with multiple student-athletes via text and social media.

Read more
Verse8, Immortal Rising 2, and Planetarium Labs, An In-Depth Exploration of Elevating Game Development

Verse8, Immortal Rising 2, and Planetarium Labs, An In-Depth Exploration of Elevating Game Development

Planetarium Labs made a groundbreaking debut at Korean Blockchain Week by unveiling two revolutionary role-playing games, Verse8 and Immortal Rising 2. These games are poised to redefine game development and player experiences. Verse8, created with the guidance of Jake Song, the CEO of XLGames and the mind behind the Lineage series, stands out as an open-source decentralized roguelike RPG protocol, emphasizing decentralization and open content creation. It fosters a thriving multiplayer world where players become creators, shaping their virtual realms.Verse8's unique multiverse concept allows players not only to explore but also to construct their virtual worlds, offering powerful tools for content creation and monetization. Community hubs facilitate collaboration among creators and enhance engagement. Immortal Rising 2, a sequel to the highly successful Immortal Rising 1, retains its fast-paced gameplay and introduces innovative Web3 elements, ensuring a stable in-game economy and dynamic guild warfare.Planetarium Labs, known for its success with Nine Chronicles, a fully on-chain idle RPG game, seeks to revolutionize the gaming industry by incorporating blockchain technology and reducing centralization. Their choice of Libplanet blockchain technology underscores their commitment to this vision. Alan Lau, Chief Business Officer of Animoca Brands, the parent company of Planetarium Labs, anticipates the impact of Web3 gaming, highlighting Immortal Rising 2 as a testament to their passion, creativity, and teamwork in shaping the future of blockchain gaming. This move signifies the potential for Web3 gaming to transform the industry.

Read more
Google Updated Advertising Policies: Impact on NFT and Crypto Games, Guidelines, and FAQs

Google Updated Advertising Policies: Impact on NFT and Crypto Games, Guidelines, and FAQs

Google has made significant changes to its advertising policies, opening up opportunities for NFT (Non-Fungible Token) games while imposing strict guidelines for certain crypto games. These changes, effective from September 15th, allow marketers to promote blockchain games that use NFTs, creating new possibilities for the NFT gaming industry. However, Google has introduced limitations, prohibiting crypto games involving betting or staking NFTs in exchange for real-world value. Games deemed to involve gambling will face additional regulations and may require gambling licenses.This update represents a pivotal moment for NFT game developers, as they can now globally advertise their games on Google's platform, potentially reaching a larger audience and gaining a competitive edge. Google is striving to strike a balance between supporting innovation in blockchain gaming and protecting users from potential harm. These changes align with Google's ongoing efforts to cautiously approach cryptocurrency-related advertisements, reflecting its commitment to consumer safety.The gaming community and NFT enthusiasts welcome these policy modifications, as they offer new monetization and marketing avenues for NFT games, potentially boosting the productivity of the industry and allowing developers to capitalize on their investments in NFT projects. This shift is expected to bring fresh players into the gaming market, further expanding the reach and influence of NFT games in the digital realm.

Read more
TOKYO BEAST FZCO Vision: Revolutionizing Crypto Entertainment Through TOKYO BEAST

TOKYO BEAST FZCO Vision: Revolutionizing Crypto Entertainment Through TOKYO BEAST

TOKYO BEAST is a groundbreaking crypto entertainment project aiming to revolutionize web3 gaming with innovative features. Spearheaded by TOKYO BEAST FZCO, with its headquarters in Shinjuku, Tokyo, and led by CEO Hiroyuki Kawamoto (known as "gumi"), and technology and financial advisory from Turingum K.K., under CEO Hiroki Tahara (referred to as "Turingum"), the project is set to leverage the Polygon blockchain network for global expansion in 2024.This ambitious initiative, unveiled during Korea Blockchain Week on September 4, 2023, introduces TOKYO BEAST as a decentralized entertainment platform that encourages users to explore the entertainment industry using cryptocurrency. With an unmatched development budget, TOKYO BEAST aspires to elevate Web3 gaming with the expertise of a team renowned for their success in Japanese gaming.Key Features of TOKYO BEAST:Prioritizing User Experience: The project focuses on delivering an enjoyable gaming experience, even for players unfamiliar with Web3 capabilities. It offers engaging settings, intriguing characters, and a fun combat system, making it accessible to a broad audience without the need for initial NFT purchases or wallet connections.Play and Collect Characters: TOKYO BEAST introduces a diverse cast of playable and collectible characters, designed with high aesthetic appeal and uniqueness, aiming to attract a global audience.Crypto Industry Integration: Unlike other Web3 games, TOKYO BEAST encourages players to merge in-game experiences with real-world crypto knowledge, fostering a unified perspective among all players.Predictive Battles: An innovative win-loss prediction tool enhances gameplay by allowing users to forecast battle outcomes with data-driven accuracy. Real-time broadcasts of battles enable global audiences to share the excitement.Expanding Universe: Future module projects will interconnect, creating a dynamic fusion of crypto and traditional media within the TOKYO BEAST universe. The team plans to evolve both the game's universe and the practical applications of the TBZ coin.In 2024, the project will release core module projects in stages, including BASE, FARM, and TRIALS, offering users opportunities to learn about the TBZ token, NFT ownership, and unique entertainment experiences.To celebrate the project's announcement, TOKYO BEAST's official X account will run three early entry campaigns. Participants can win Mystery Boxes containing TOKYO BEAST tokens and NFTs through the Follow Me Campaign, the weekly prediction quiz, and the Strike Jackpot campaign, which offers chances to win prizes as the community grows.TOKYO BEAST aims to redefine crypto entertainment by combining cutting-edge technology with a user-centric approach, promising an exciting future for web3 gaming enthusiasts worldwide.

Read more
Chris Clay Discusses Immutable's Influence on Web3 Gaming: Digital Ownership, Accessibility, and NFTs

Chris Clay Discusses Immutable's Influence on Web3 Gaming: Digital Ownership, Accessibility, and NFTs

In this insightful article, Chris Clay, the Vice President and Game Director of Gods Unchained, shares his perspective on the transformative trends in the Web3 gaming industry, with a particular emphasis on the role played by Immutable, a pioneering player in this space.Evolution of Web3 Gaming: The article begins by highlighting the evolution of Web3 gaming, pointing out that early Web3 games suffered from subpar graphics, complex investment requirements, and tedious gameplay. Additionally, many of these early games were plagued by speculative elements tied to cryptocurrencies, which ultimately led to unsatisfactory player experiences.Prioritizing Fun and Digital Ownership: In recent times, there has been a fundamental shift in the game development approach. Developers now prioritize the core aspect of gaming – the fun element – and digital ownership of in-game assets. The article underscores the significance of this shift, as it not only enhances the player's experience but also introduces a novel dual monetization system benefiting both game creators and players.Democratizing Gaming with Web3: Chris Clay emphasizes that Web3 technology is gaining popularity because it makes gaming more open and accessible. Game developers are increasingly embracing this user-centric approach, moving away from jargon-filled blockchain and crypto discussions to focus on delivering enjoyable experiences without requiring players to understand the underlying technology. This shift aims to make Web3 gaming as accessible and user-friendly as traditional Web2 games, addressing issues such as transaction speed and security.Immutable's Solutions for Accessibility: The article delves into Immutable's role in enhancing accessibility within Web3 gaming. Immutable offers two promising solutions: Immutable Passport and Immutable zkEVM. Immutable Passport streamlines user onboarding by enabling password-free sign-ins and automatic wallet creation, enhancing both security and community building for developers. Immutable zkEVM, on the other hand, leverages zero-knowledge proof-based cryptography, often dubbed the "Holy Grail of Ethereum scaling," to provide a platform that integrates seamlessly with the Ethereum Virtual Machine, empowering developers to create cost-effective, fast, and secure Web3 gaming ecosystems.Immutable's Vision: Immutable's ultimate goal, as highlighted in the article, is to make players feel like they are engaging in a "game" rather than just a "web3 game." They aim to augment existing games by incorporating decentralized elements that elevate the overall gaming experience, offering new opportunities and enriching already successful games.Immutable's Impact: The article underscores Immutable's significant role in the Web3 gaming industry, emphasizing its commitment to innovation and immersive experiences. Immutable offers gamers true digital ownership through NFTs, leveraging blockchain technology. Immutable Games focuses on assisting developers, actively supporting and collaborating with third-party game developers across various aspects of Web3 strategy, from NFTs to blockchain integration and community building. The article also mentions that Immutable hosts over 150 Web3 gaming titles, including renowned titles such as Illuvium, Cross the Ages, Gods Unchained, Undead Blocks, Aglet, Kiraverse, and many more.In summary, this article provides valuable insights into the evolving landscape of Web3 gaming, the vital role of digital ownership, and the strides Immutable is making to improve accessibility and user experiences. It paints a clear picture of how Web3 technology is reshaping the gaming industry and how Immutable is at the forefront of these transformative changes.

Read more
Blankos Block Party Goes Mobile: Mythical Games Strategic Shift and Impact on the Gaming Industry

Blankos Block Party Goes Mobile: Mythical Games Strategic Shift and Impact on the Gaming Industry

Mythical Games has made a groundbreaking announcement, revealing plans to bring their multiplayer sensation, Blankos Block Party, to mobile devices, including Android and iOS. The official release plan is yet to be unveiled, but Mythical Games' CEO and co-founder, Jamie Jackson, has provided some insights into this strategic move. The decision to expand to mobile gaming is seen as a potential game-changer, aiming to attract a broader audience and maintain player engagement through exciting updates.Blankos Block Party, originally released on PC, experienced early success, becoming the first blockchain game to reach one million players. It gained recognition from major brands and regulators like Prime Gaming, ESRB, PEGI, Burberry, Godzilla (Toho), Pop-Tarts, and Deadmau5, making it a pioneer in incorporating blockchain technology into gaming.Mythical Games is shifting its development focus from PC to Blankos Mobile, aligning with the global trend of mobile gaming's popularity, which boasts over 2.4 billion players worldwide. The intention is to bridge the existing PC user base to mobile, offering a seamless gaming experience with the same Blankos account usable on both platforms.This move also brings a wave of exciting new features, including collaborations, multiplayer options with friends, and enhanced customization for Blankos characters. The game's mission of discovery, production, and collection remains central, allowing players to explore user-created content and enjoy various game modes.The mobile version of Blankos Block Party promises to introduce features like a battle royale mode and crafting systems, capitalizing on the mobile gaming industry's growth. While this transition presents challenges, including the need for careful attention to detail and infrastructure improvements, it signifies a significant investment for Mythical Games, ensuring their continued prominence in the gaming world. Ultimately, it aims to deliver an immersive and captivating mobile gaming experience like never before.

Read more
Planet Mojo Marketplace: NFT Trading in Mojo Melee, Amazon Prime Collaborations, Future of Mystic Moose

Planet Mojo Marketplace: NFT Trading in Mojo Melee, Amazon Prime Collaborations, Future of Mystic Moose

Mystic Moose, a prominent video game developer, has launched the "Planet Mojo Marketplace" powered by the Polygon blockchain, aiming to create a centralized hub for Mojo Melee players. This update promises faster service and lower transaction costs for players in the Mojo Melee virtual world, just in time for holiday-themed events and trades between Champions and Mojos.The Planet Mojo Marketplace enables players to trade Mojo Melee NFTs on the Polygon blockchain, offering a seamless experience with support for Sequence Wallet, Horizon Blockchain Game's infrastructure, quick credit card transactions, and multi-chain compatibility within the EVM ecosystem. This release coincides with the Fall Faceoff competition, where top players have the chance to win rare NFTs, gem packs, and other rewards.Additionally, Mystic Moose's collaboration with Amazon Prime Gaming intensifies, with Amazon showing its commitment to Web3 technology and blockchain-based games. Amazon's involvement with NFT projects, including its own upcoming NFT initiative, reflects the company's dedication to interactive storytelling and empowering players.Mojo Melee, an auto-battler game similar to Auto Chess and Teamfight Tactics, offers Amazon Prime members a free NFT and in-game currency, further strengthening the partnership between Mystic Moose and Amazon Prime. Players can claim exclusive rewards until September 27.Mystic Moose, composed of industry veterans with backgrounds in major gaming companies, is dedicated to developing the Planet Mojo metaverse platform, offering esports and PvP competitions set on an otherworldly planet. Players can create teams of mythical animals to compete, emphasizing player control over virtual possessions and the game's evolution.In summary, Mystic Moose's Planet Mojo Marketplace enhances the player experience with NFT trading, while ongoing collaborations with Amazon Prime Gaming provide exclusive benefits to players. Mystic Moose remains at the forefront of the evolving game industry, focusing on immersive and player-centric experiences.

Read more
High-Stakes Legal Battle Shakes Gala Games: Accusations of $130 Million Theft Rock Blockchain Gaming Giant

High-Stakes Legal Battle Shakes Gala Games: Accusations of $130 Million Theft Rock Blockchain Gaming Giant

Gala Games, the prominent blockchain and web3 gaming ecosystem, is currently embroiled in a significant internal dispute that has sent shockwaves throughout the industry. The conflict involves top management, including CEO Eric Shiermeyer and co-founder Wright Thurston, who are facing accusations of misconduct.The dispute came to light when Eric Shiermeyer, representing Gala Games, filed a lawsuit against Wright Thurston in a Utah District Court. Shiermeyer alleges that Thurston, with the assistance of his investment firm, True North United Investments, orchestrated the theft of approximately $130 million worth of GALA tokens in Q1 2021. Thurston allegedly conducted complex transactions that moved the tokens from a secure wallet to 43 different wallets. When confronted, Thurston initially claimed the tokens were safe, but he subsequently engaged in a series of intricate transactions, including sales and exchanges, from September 2022 to May 2023.Moreover, Thurston is accused of acquiring licenses necessary to operate Gala ecosystem nodes without payment and subsequently selling these licenses for personal gain.In retaliation, Thurston's company, True North, filed a countersuit against Schiermeyer on Gala's behalf. This countersuit accuses Schiermeyer of mismanagement, causing Gala to sell and waste valuable company assets, and borrowing millions from Gala for personal expenditures. It also alleges that Schiermeyer set up Gala companies in Switzerland and Dubai without consulting Thurston, despite Thurston being a director of Gala. True North claims that Schiermeyer provided Thurston with incomplete or incorrect business records when requested.Both leaders are seeking each other's removal from Gala Games, along with various forms of relief and the return of GALA tokens. Thurston is additionally suing for at least $750 million in damages and other relief.The lawsuit has shed light on Thurston's troubled history, including involvement in businesses with legal and financial issues, as well as past disputes with the Securities and Exchange Commission (SEC). These factors have raised questions about Thurston's business ethics and practices.Gala Games, known for hosting popular games like Champions Arena, Grit, Spider Tanks, and Mirandus, relies heavily on the GALA token for its in-game economy. However, GALA's value has plummeted by 72% since January, largely due to broader market trends affecting cryptocurrencies like Bitcoin and Ethereum. The ongoing legal disputes have added a layer of uncertainty to Gala Games' future, causing concerns among investors and stakeholders about its stability and plans.

Read more
PlaytoEarnGames.com Newsletter 12

PlaytoEarnGames.com Newsletter 12

In the world of Web3 gaming and NFTs, this article covers the beta launch of "Legends of the Mara" by Yuga Labs, Zebedee's release of six Bitcoin-earning mobile games, the NFT brands launched by Todd McFarlane and Patrick Mahomes, MetalCore's open beta registration, the evolving landscape of The Sandbox, and the major update rolled out for the Web3 game Big Time. The launch of "Legends of the Mara" by Yuga Labs, known for its success in web3 gaming. This open beta 2D strategy game allows players to embark on a magical adventure, collecting valuable "sediment" and defending their lands from dark forces. Players can transform unique Vessels into powerful Kodamara, and rare Kodas can be found in specific land plots.Zebedee, a Bitcoin payment platform, has expanded into mobile gaming by releasing six new games within the ZBD Entertainment Hub. Players can earn small amounts of Bitcoin (sats) while playing these games, which can be used for in-game purchases or real-world spending.Notable figures like Todd McFarlane and NFL quarterback Patrick Mahomes have entered the NFT arena by launching their own NFT brands and collections. Batman NFTs, for instance, have quickly sold out on McFarlane's platform.MetalCore has opened registration for its highly anticipated open beta, offering players the chance to secure a spot and receive a valuable in-game vehicle as an early signup bonus.The Sandbox platform is evolving as third-party developers organize events and introduce "play-to-earn" opportunities. Pickaxe Master, a game within The Sandbox, has initiated an Alpha Mining Season with leaderboards and rewards. Both official and community-run events cater to diverse gaming interests.The web3 game Big Time has introduced a substantial update, including data resets, enhanced visuals, rebalanced encounters, new Boss monsters, additional character skills, new goals, and an expanded user interface. Nightmare dungeons have been added for players seeking a more challenging experience.In summary, the article discusses various developments in the Web3 gaming industry and the growing presence of NFTs, covering game launches, NFT brand launches by celebrities, open beta registrations, platform changes in The Sandbox, and a major update for the game Big Time.

Read more
From Bored Apes to Metaverse Magic: Yuga Labs' Legends of the Mara Open Beta

From Bored Apes to Metaverse Magic: Yuga Labs' Legends of the Mara Open Beta

Yuga Labs, renowned for its successful NFT collections like Bored Ape Yacht Club and Otherside, is unveiling an open beta for the web3 game "Legends of the Mara." This 2D strategy game is an extension of the Otherside universe and offers NFT rewards and a chance to explore the Otherside Metaverse. Yuga Labs has a strong presence in web3 gaming and has previously launched popular projects like Mutant Ape Yacht Club and Dookey Dash.The journey to "Legends of the Mara" began in August 2022 with the first trip into the Otherside metaverse, followed by a second trip with even more users. This led to the announcement of the alpha version of "Legends of the Mara."In this magical world, players can witness their Mara characters transform into powerful Kodamaras while embarking on quests to collect valuable "sediment" and protect their Otherdeed lands from malevolent forces. Owners of Otherdeed NFT land can claim a special Vessel, which can transform into unique Mara characters and eventually into Kodamaras.The game features three types of Maras: Hunters, Farmers, and Enchanters, with their evolution influenced by the seasons and unique land qualities. Yuga Labs promises continuous improvement and rewards for Otherdeed NFT holders as they approach the full release of "Legends of the Mara."Yuga Labs' success is evident through the popularity of Otherdeed NFTs, with a staggering trading volume of over $1.26 billion. The open beta of "Legends of the Mara" marks a significant milestone in web3 gaming, offering players a chance to delve into a captivating digital world and earn valuable rewards as they explore new aspects of the game.

Read more
Top20 Web3 Games Coming in Q3 2023: Part I

Top20 Web3 Games Coming in Q3 2023: Part I

With the release of Web3 games, the gaming industry has been on the verge of a big change. The use of blockchain technology and NFTs gives gamers a sense of ownership and creative freedom, as well as a sense of reward and freedom. In this article, we'll explore the exciting worlds of the top 20 Web3 games, where players become real stakeholders in virtual realms. The first 10 are: Infinite Victory, Words3, Wild Forest, SpeedThrone, Champions Tactics: Grimoria Chronicle, Rumble Arcade, Project T, Inmates, Galaxy Commanders, Battle of Three Kingdoms – Sangokushi Taisen.Infinite Victory: A game by Bit Fry Games and Immutable, combining basketball with other sports elements to teach players about 'phygital' ownership, active community participation, and inclusive gaming experiences.Words3: Puts a crypto twist on the popular crossword game Scrabble, where players use letters to make words with changing letter costs, aiming for higher scores and potential ETH rewards.Wild Forest: A real-time strategy game for mobile devices by Ronin, featuring player-versus-player deck-building with in-game assets like unit and skin NFTs.SpeedThrone: An esports racing game powered by Unreal Engine 5, combining car NFTs and the CRS token on Cardano, offering gameplay improvements through NFTs and VIP access.Champions Tactics: Grimoria Chronicle: An immersive PC RPG set in a world of mythical champions, offering tactical battles and magical adventures.Rumble Arcade: A web3 game focused on tactical battles, where players collaborate to navigate different battle scenarios, with unique Flamey NFTs available on Opensea.Project T: A virtual meetup game by Sky Mavis, creators of Axie Infinity, promoting player interaction through fun minigames and exploring the world of sapidae.Inmates: A Cardano blockchain NFT ecosystem project set in a prison setting, where players can purchase and wager on characters, earning SMOKES tokens through staking.Galaxy Commanders: A space-based player-versus-player game emphasizing strategic ship battles, cooperative modes, and missions, with plans to introduce customizable NFTs.Battle of Three Kingdoms – Sangokushi Taisen: A trading card game by double.jump tokyo, offering computer-based gameplay and continuous updates with new characters.

Read more
Unlocking AI, Islamic Finance, and Web3: Highlights from Istanbul Blockchain Week 2023!

Unlocking AI, Islamic Finance, and Web3: Highlights from Istanbul Blockchain Week 2023!

The Istanbul Blockchain Week 2023 event took place on August 22 and 23, attracting experts, developers, enthusiasts, and investors in the blockchain and cryptocurrency space. The event stood out due to its location in Istanbul, a growing hub of interest in blockchain technology. The event's focus on Islamic finance and Web3 technologies captured significant attention.Having evolved from small gatherings in the past, Istanbul Blockchain Week has grown into a global event with thousands of attendees. This year's edition covered diverse topics such as DeFi, Trading, Regulation, Mining, Venture Capital, and more, catering to the varied interests of its attendees.Notably, the event omitted discussions on NFTs, reflecting a shift in market trends as interest in NFT trading had significantly declined. Instead, the event showcased activities and engagements that involved artificial intelligence and blockchain integration.One of the event's highlights was Desi, a conversational AI robot developed by SingularityNET and Yaya Labs. This demonstrated the integration of AI technology within the blockchain and cryptocurrency ecosystem.The event's major focus was on Islamic finance, recognizing the potential of aligning blockchain with the principles of Islamic finance. Experts in this field discussed the importance of ethical finance and sustainable development, addressing a market of 1.9 billion people dissatisfied with traditional financial services.Artificial intelligence was also prominently featured during the event. Speakers explored how Web3 and AI could synergize and transform data ownership, privacy, and control. The concept of using blockchain technology to enable individuals to own and manage their own data was discussed as a potential disruptor to the existing "Big Tech monopoly."While the crypto industry has been rapidly growing worldwide, including in Turkey, adoption in the country has been somewhat slower. Nevertheless, Istanbul remains an active center for blockchain and crypto-related activities.

Read more
Yat Siu's Vision of the Blockchain-Powered Metaverse

Yat Siu's Vision of the Blockchain-Powered Metaverse

Yat Siu, the founder of Animoca Brands, a company with a substantial investment portfolio in the blockchain industry, envisions a metaverse that leverages blockchain technology to establish digital ownership within Web3 gaming. In contrast to interpretations offered by Meta (formerly Facebook) and Apple, Siu's metaverse emphasizes the importance of digital property rights over immersive virtual experiences.Siu's perspective centers on the concept of digital ownership as a catalyst for transformative growth in digital economies. He posits that a self-sustaining digital economy within the metaverse can only be achieved by introducing the notion of digital ownership, an aspect that goes beyond avatars or virtual reality headsets.In Siu's vision, the metaverse should grant individuals intellectual property rights over their data, much like the rights to physical property, life, and liberty in the real world. He critiques the current digital landscape for relinquishing these rights to platforms that hold extensive control over user data.Within the metaverse, data holds significant power, driving the structures that underpin the digital world's innovations and advancements. Siu emphasizes that Web3 technology, particularly the concept of non-fungible tokens (NFTs) and their transactions, reshapes the dynamics of ownership and payment. Unlike Web2 platforms, where compensation mechanisms differ, the metaverse empowers creators and asset owners, enabling them to reap substantial benefits from multi-billion-dollar transactions.Siu highlights the potential of blockchain technology, which tracks transactions, ownership, and volumes meticulously. He underscores its utility in providing an organized framework that extends even to regions where traditional banking services are lacking. Decentralized autonomous organizations (DAOs) also play a role, offering a novel governance structure that could potentially outperform conventional corporate models.The central theme in Siu's metaverse concept is true ownership. He likens this to real-world ownership of assets, wherein legal systems, courts, and governance structures secure property rights. Siu contends that digital ownership, facilitated by blockchain, is equally if not more secure than real-world ownership, offering individuals greater control over their digital assets.Despite concerns about the speculative nature of token prices in Web3, the idea of ownership resonates universally. Siu underscores that decentralization is key to realizing this ownership, much like the mechanisms that safeguard real-world assets. In conclusion, Yat Siu's vision for the metaverse intertwines blockchain technology, digital ownership, and decentralization to foster a revolutionary digital economy.

Read more
Gala Games Champions Arena Play Review - A Clash of Champions

Gala Games Champions Arena Play Review - A Clash of Champions

Gala Games and OneUniverse have unveiled the long-awaited mobile RPG Web3 game, Champions Arena, featuring NFT characters. This free-to-play game is accessible on iOS, Android, and PC via the Gala launcher. Champions Arena stands out with its alluring graphics, addictive gameplay, and user-friendly interface, setting the stage for an engaging turn-based RPG experience. The game boasts over 100 distinct NFT champions and items, providing players with a diverse range of characters to collect and utilize.The gameplay revolves around two primary modes: Arena and Campaign. Arena mode offers real-time player-versus-player (PvP) battles that demand strategic thinking and quick decision-making for climbing leaderboards and earning rewards. Conversely, Campaign mode offers an adventurous journey through a world map, pitting players against computer-controlled adversaries. Battles commence in a 4v4 format, with diverse champion roles necessitating well-balanced team compositions and strategic planning.Champions Arena's gameplay shines due to its fast-paced nature, ensuring short and engaging matches ideal for mobile gaming. The game showcases an array of 68 unique characters with distinct abilities and appearances, ranging from vampires and monsters to robots and elves. The inclusion of NFTs adds an innovative twist, allowing characters to be minted and traded for GALA token rewards in Arena matches.Despite its strengths, the game's randomized character acquisition system through "summoning" may polarize players, as some relish the excitement while others seek specific characters without heavy investment. Duplicate characters can be dissolved to enhance other characters, offering a measure of control. The in-game economy involves purchasing gems, with prices differing based on acquisition source.Visually, Champions Arena impresses with detailed character models and smooth animations. However, the audio experience falls short due to limited voice lines for characters, potentially leading to repetitiveness during battles. Muting options are available to mitigate this issue.In conclusion, Gala Games' Champions Arena offers a visually striking and engaging mobile RPG experience, boasting a wide array of NFT characters and items. Its blend of strategic gameplay, NFT integration, and captivating visuals make it a notable addition to the mobile gaming landscape, albeit with some caveats related to character acquisition and audio repetition.

Read more
The Top 10 Questions About Web3 Gaming

The Top 10 Questions About Web3 Gaming

Web3 gaming, also known as blockchain gaming or decentralized gaming, has gained significant attention and popularity in recent years due to the rise of blockchain technology. This innovation has transformed traditional gaming by introducing features like true ownership of in-game assets, play-to-earn mechanisms, and decentralized marketplaces. In this article, we will delve into the top 10 frequently asked questions about web3 gaming, providing comprehensive answers to each query.Web3 gaming refers to online games that leverage blockchain technology and cryptocurrencies. Unlike conventional games, where assets and progress are stored on centralized servers, web3 games operate on decentralized platforms. This empowers players with true ownership of in-game assets, stored securely on the blockchain. These assets are transparent, tradable, and resistant to tampering.Web3 games are constructed using smart contracts, self-executing agreements encoded directly into code. These contracts are deployed on blockchain networks such as Ethereum or Binance Smart Chain. When players engage with web3 games, their actions are immutably recorded on the blockchain, ensuring transparency. In-game assets are represented as non-fungible tokens (NFTs), which are unique cryptographic tokens. NFTs enable ownership, trading, and verifiable scarcity on decentralized marketplaces.Web3 gaming offers several advantages over traditional gaming. Players enjoy true ownership of assets, enabling them to buy, sell, and trade without developer constraints. Play-to-earn mechanics permit players to earn cryptocurrency by achieving in-game milestones. Decentralized marketplaces facilitate direct asset transactions between players. Web3 games boast transparency, security, and cross-game interoperability, enabling seamless asset transfers between different games or platforms.To embark on web3 gaming, you need essential tools like a web3-compatible wallet (e.g., MetaMask), cryptocurrency acquired through exchanges, and basic blockchain understanding. Popular web3 games like Axie Infinity, Decentraland, and The Sandbox await exploration.Non-fungible tokens (NFTs) play a pivotal role in web3 gaming by representing unique in-game assets. Unlike interchangeable cryptocurrencies, NFTs are irreplaceable and irreplicable, endowing them with distinctive value. These tokens are created, traded, and secured on blockchain networks through smart contracts.Indeed, web3 gaming can yield earnings. Play-to-earn mechanics enable players to earn cryptocurrency by actively participating in games. For instance, Axie Infinity rewards players with Smooth Love Potion (SLP) for breeding and battling virtual creatures known as Axies. However, earnings are influenced by factors like game popularity, skill, and market conditions.Web3 games built on blockchain technology generally offer enhanced security compared to traditional games. Blockchain's transparency and decentralization deter manipulation, though vulnerabilities in smart contracts demand diligent security practices from developers. Players should also safeguard their accounts and employ two-factor authentication.Cross-game asset transfers are possible in many instances, enabled by the interoperability of blockchain networks and standard NFT protocols. However, transfer feasibility varies based on individual game design and underlying technology.Web3 games are accessible, as they don't demand excessive computing power from players. The blockchain network handles most processing, requiring only a device with internet access and compatible software.Web3 gaming's future appears promising due to its unique economic models, NFTs, blockchain technology, and robust community engagement. While the industry is still evolving, these elements suggest that web3 gaming is likely to endure and reshape the gaming landscape.

Read more

Want to stay updated about Play-To-Earn Games?

Join our weekly newsletter now.

Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
No obligationsFree to use