Recent Highlights in Gaming and Tech!
The gaming and technology sectors are experiencing rapid evolution, with new developments reshaping the landscape. From strategic investments and market growth to innovative esports tournaments and advancements in the metaverse, these industries are bustling with activity. Let's delve into some of the latest news from these dynamic fields.
Farcana Gaming Studio Secures Investment from Animoca Brands
Farcana, a gaming startup based in the United Arab Emirates, has recently secured a strategic investment from Animoca Brands, a leader in Web3 and digital property rights. This significant partnership is set to boost Farcana's development within the Bitcoin ecosystem and its upcoming beta launch. Farcana, using Unreal Engine 5, is a third-person shooter game featuring competitive tournaments with permanent Bitcoin prize pools. It has already attracted over 40,000 users and plans for new tournaments are underway. This investment from Animoca Brands will primarily enhance Farcana’s features, aiding its growth in the MENA region.
Gaming Industry Soars to $187.7 Billion in Revenue in 2023
Newzoo's latest report reveals that the global gaming industry is set to hit a record $187.7 billion in revenue in 2023, a 2.6% increase from the previous year. Mobile gaming leads the revenue streams with $92.6 billion, while console and PC segments show impressive growth. The Asia-Pacific region dominates the market, contributing 46% to the total revenue. The MENA region emerges as the fastest-growing market. Additionally, the global gaming community is expanding, with the number of paying gamers projected to grow significantly. Industry giants like Tencent, Microsoft, and Sony continue to dominate the market, with cloud gaming and AI in development processes being key trends.
Magic Eden Launches Cross-Chain Crypto Wallet
Magic Eden, known for its NFT marketplace, is launching a cross-chain crypto wallet as a browser extension in closed beta. The wallet, initially available for Google Chrome, aims to provide a user-friendly, cross-chain solution for crypto enthusiasts. It will support Bitcoin, Ethereum, Solana, and Polygon blockchains and offer self-custodied control over crypto assets. The wallet is designed to address common issues in crypto browser extensions and will include features like cross-chain token swaps, NFT-focused functionalities, and the ability to buy crypto with fiat currency.
SK Telecom Expands ifland Metaverse with International Partnerships
SK Telecom, a major South Korean wireless telecommunications operator, is expanding its ifland metaverse through international partnerships. New collaborators from Malaysia, Indonesia, and the Philippines will promote ifland in their local markets, hosting metaverse events in ifland's virtual spaces. This expansion aligns with SK Telecom's global strategy for ifland, aiming to deliver localized content and experiences in the metaverse. Since its 2021 launch, ifland has seen rapid growth and continuous enhancements, including the introduction of new virtual items, NFT integration, and a virtual currency
Aether Games Announces New Esports Tournament with Arcade2Earn.io
Aether Games, in partnership with Arcade2Earn.io, is set to launch a new professional Esports season for Aether: Trading Card Game, beginning on December 1, 2023. The tournament, spanning a month until January 1, 2024, invites players to compete in a ranked mode with a unique mix of strategy and skill. Participants must play at least 50 ranked matches to be eligible for cash prizes, with the top 50 players receiving rewards. Strict rules against unethical practices like win-trading and game tampering are emphasized, ensuring fair play. The tournament rewards will be distributed in $xARC tokens on the AVAX blockchain, with the top winner receiving $1,100 in $xARC. This event promises to be a blend of competitive spirit and tactical gameplay, appealing to a wide range of players in the gaming community.
Square Enix Reveals Symbiogenesis NFT Auction Dates
Square Enix has announced auction dates for Symbiogenesis NFTs, with the first phase exclusive to early investors on November 27-28. The following phases will open from November 30 to December 3, based on an "allowlist entry campaign" involving quizzes and a game prototype treasure hunt. The initial auction phase is exclusive to "stakeholders," suggesting early investors' participation. An "allowlist entry campaign" preceded this, involving quizzes and a treasure hunt within a prototype game world, enabling collectors to earn NFT "relics" and points for subsequent auction phases. The top 50 scorers and 40 randomly selected participants from a larger pool will gain exclusive access to Phase 2, while the rest can participate in Phase 3. Symbiogenesis, an upcoming Ethereum-based blockchain game, is set to launch on December 21.
In summary, the gaming and tech worlds are buzzing with new ventures and big steps. From Farcana's major investment to the booming global gaming market, and from Magic Eden's innovative crypto wallet to SK Telecom's expanded metaverse and Aether Games' esports tournament, these sectors are moving fast. Interested in blockchain games, the latest crypto gaming or the news around NFTs and new titles, keep coming back and check our daily updates.