Blockchain gaming adoption means more options for gamers
Over the past couple of years, games that use blockchain technology have increased their presence in the gaming industry.While there were early examples like CryptoKitties — launched in 2017 — the trend has truly gained steam, with major...
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NFT games are ‘only scratching the surface’ of what’s possible — Animoca’s Yat Siu
Animoca Brands co-founder Yat Siu believes nonfungible token (NFT) games are only scratching the surface of what’s possible and predicts completely new models of gaming will be developed as a result of digital ownership.Speaking to...
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Blockchain games and metaverse projects raised $1.3B in Q3: DappRadar
Venture financing for the blockchain industry remained robust in the third quarter, even as bearish conditions ravaged digital asset markets, a sign that venture capital firms were focused more on the long-term value proposition of the...
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GameFi could be the answer to unemployment for some — Aussie game studio
Australian-based Web3 game studio Ninja Syndicate's CEO and founder believes GameFi could usher in a new era where users can earn a living wage through blockchain games.Speaking to Cointelegraph, founder John Nguyen and CEO Alex Dunmow say that...
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Skyweaver’s parent company secures $40M in Series A funding
Horizon Blockchain Games, the developer behind the Skyweaver game, has raised $40 million in Series A funding, the company disclosed on Oct. 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation...
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Blockchain gamers surge as users attempt ‘stacking crypto:’ DappRadar
User activity on blockchain gaming decentralized applications (DApps) surged in September, with a host of games posting significant increases in the number of active users. According to data from DappRadar, seven out of the top 10 games in terms...
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Enter the afterlife in style, Solana NFT game demo hits Epic store and more
The company behind the Spartan Race has released a nonfungible token (NFT) collection which will immortalize the names of the initial holders in stone, with plans to build a 35-foot (10.5 meters) statue in Ancient Sparta encircled with 15,000...
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Web3 gaming adoption needs a local touch
The blockchain-based gaming industry will need to look at localized strategies to attract Web3 gamers, says decentralized gaming guild Yield Guild Games (YGG).Speaking with Cointelegraph at the 2022 Tokyo Games Show last week, Andy Chou, YGG’s...
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How casual gaming could be a ‘huge’ Bitcoin on-ramp
You can now play Solitaire, Snake and even Counter-Strike to earn Satoshis, tiny fractions of Bitcoin (BTC). Cointelegraph spoke to executives at Thndr Games, a play-to-earn (P2E) company built around Bitcoin and Zebedee, a gaming platform that...
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Gamers want fun, not a grind fest for tokens — Animoca subsidiary
Blockchain-based games need to spend more time actually being “fun to play” rather than developing flashy tokenomics, an Animoca Brand-owned blockchain game developer told Cointelegraph.Speaking to Cointelegraph on the first day of the 2022...
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Final Fantasy creators join Oasys blockchain, gamers whine about it
Square Enix, the Japanese game developer behind the beloved Final Fantasy franchise has signed on as a node validator for blockchain gaming project Oasys, with the duo also teaming up to create blockchain games. The move has predictably been...
GameFi fundraising jumps 135% in August, but is still down from June: Report
The GameFi sector remains a leading force in the blockchain and crypto space despite the ongoing downturn in the crypto market. Recent numbers from DappRadar revealed that Web3 games and Metaverse projects raised $748 million in funds last month....
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Analyst says 40% of users in most Web3 games are bots — Here’s how to avoid being fooled
The decentralized application industry pushed above $40 billion in smart contract deposits in February 2021, and currently the figure stands at $59 billion. To date, “real money” continues to flow into the sector, and on Aug. 29, gaming...
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Mystery of the whale wallet holding 50% of Axie Infinity’s SLP supply
For nearly a year now, a mysterious Axie Infinity wallet has been quietly amassing billions of Smooth Love Potion (SLP), the in-game cryptocurrency powering one of the industry’s most popular play-to-earn (P2E) crypto games. Today, the...
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Xbox boss keen on Metaverse but ‘cautious’ about play-to-earn games
Phil Spencer, the head of Microsoft’s gaming company Xbox is optimistic about the Metaverse but remains “cautious” about play-to-earn (P2E) crypto games due to its economic and speculative aspects. Speaking with Bloomberg anchor Emily Chang...
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GameFi developers may be facing big fines and hard time if they don’t speak up
Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States?Tokens related to cryptocurrency games — known colloquially as “GameFi” — were worth a cumulative total of...
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Web3 games incorporate features to drive female participation
Although there is still an apparent lack of women in the Web3 sector, blockchain-based games geared toward women may help drive inclusivity. A recent report from the Entertainment Software Association found that 48% of gamers in the United States...
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Crypto Unicorns founder says P2E gaming is in a long ‘maturation phase’
As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more “fun” and less finance-oriented. In the most recent episode of NFT Steez,...
Fortnite developer supports Animoca subsidiary’s blockchain racing game
Australian indie game developer Grease Monkey Games, a subsidiary of Animoca Brands, has received received financial support from video-game giant Epic Games to develop a new blockchain-based motorsport game Torque Drift 2Receiving an Epic...
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Function over fun? Analyst says P2E games don’t need to be ‘fun’ to retain users
Play-to-earn (P2E) blockchain-based games gathered investors’ attention in late 2021, with Axie Infinity leading the pack with over 2 million active users. In P2E games, players are awarded tokens or nonfungible token assets (NFTs) as they...
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