Tag: gamefi

Sep 22 2022

Zilliqa launches web3 gaming console with in-built miner and crypto wallet

Sep 22 2022 Published at CryptoSlate under tags  adoption gamefi mining technology tokens

Gaming-focused blockchain, Zilliqa announced that it has launched a web3 gaming console prototype with an in-built crypto miner and web3 wallet. The layer-1 network stated that the move is designed to "onboard millions of non- crypto natives into the blockchain gaming ecosystem."...

Sep 21 2022

Immutable’s Guild of Guardians on building trust to onboard traditional gamers

Sep 21 2022 Published at CryptoSlate under tags  gamefi interview metaverse nfts

Following the emerging trend within web3 gaming, Guild of Guardians looks to promote the concept of "play-and-earn" instead of play-to-earn. The game, from the team behind Gods Unchained, Immutable Studios, focuses on digital asset ownership as a byproduct of engaging game design and replayability. Guild of Guardians elite talent CryptoSlate spoke with Sangita Sarkar, Head of Marketing at...

What will future GameFi models look like?

Sep 21 2022 Published at CryptoSlate under tags  analysis gamefi

The terms GameFi 1.0, 2.0, and 3.0 refer to the iteration of GameFi titles as they move from earliest and least sustainable to more sophisticated as the industry evolves. While tokenomics of different projects are a significant factor (e.g., the number of coins within the game), others, like funding and game quality, are also critical. This report will highlight the positive developments and...

Sep 20 2022

W3E to host world’s first web3 esports tournament this November in Istanbul

Sep 20 2022 Published at CryptoSlate under tags  gamefi web3

Web3 gaming company W3E will be hosting the world's first Web3 e-sports tournament on Nov. 17 as a part of Istanbul Blockchain Week. The event will occur in Istanbul between November 14 and 17. The W3E global e-sports tournament will take place on the last day of the whole event. The ESA e-sports arena will be placed at the center of the event...

Sep 19 2022

Nansen Ronin report reveals 82.7% drop in Q2 TVL, struggle to attract validators but bullish signs ahead

Sep 19 2022 Published at CryptoSlate under tags  analysis gamefi nfts wallets

The Ronin bridge, an Ethereum sidechain designed to facilitate the growth of the Axie Infinity universe, has had a mountain to climb following its major exploit in April, which led to hundreds of millions of dollars being stolen by hackers. A report from Nansen Alpha exclusively shared with CryptoSlate identified the state of the ecosystem and whether the attempts to restore funds to...

August 2022 GameFi Report

Sep 19 2022 Published at CryptoSlate under tags  analysis gamefi

While the number of new users entering GameFi has dropped precipitously, the average number of transactions per user is increasing steadily. Therefore, with the users in the market today more likely to be actively gaming, GameFi data from August can help us understand which projects and ecosystems are sustainable in the long run. Splinterlands and Alien...

Sep 13 2022

Upland paves the way to the mass market with an open and inclusive economy

Sep 13 2022 Published at CryptoSlate under tags  gamefi metaverse sponsored

Upland, the layer-1 metaverse, has secured a unique position to attract the mass market with its open and inclusive economy. The mobile-first metaverse features a gamified experience that enables players to buy virtual properties on the Blockchain in various cities across the United States, and now in Rio de Janeiro, Brazil, and Porto, Portugal. The utility of the properties stems from the economic...

Sep 12 2022

Users Can Now Earn Ookeenga (OKG) Tokens on Bybit Launchpool

Key takeaways: Bybit has announced that Oookeenga (OKG) will be the next token on Bybit Launchpool Bybit Launchpool allows users to earn tokens from up-and- coming projects simply through staking Ookeenga...

Sep 03 2022

DappRadar estimates gaming is nearly half of blockchain use.

Sep 03 2022 Published at Coinscreed under tags  blockchain crypto gamefi news

Gaming accounts for 51% of blockchain transactions, according to August data. According to new data from DappRadar, gaming is still an important part of the blockchain industry. As of August, the report says that the gaming sector makes up about 50.51 percent of the industry's month-over-month (MoM) usage. Even though the numbers are a good […] The post...

Sep 02 2022

Are These Launchpad Tokens Ready To Take Off?

Launchpads are gradually establishing themselves as the core element of the Decentralized Finance ecosystem. They are providing access to a pool of investors looking for the next big thing to small and large cryptocurrency initiatives. Investors that have access to early-stage ventures benefit from a great deal before the market opens to the general public. Furthermore, due to the low cost of launching...

Aug 31 2022

Blockchain gaming company Xterio bags $40M led by FunPlus, FTX Ventures

Aug 31 2022 Published at CryptoSlate under tags  gamefi nfts web3

Blockchain gaming company Xterio has raised $40 million to develop Web 3.0 game franchises, the startup announced on August 30. The funding was led by FTX Ventures, the venture capital arm of crypto exchange FTX, FunPlus, Makers Fund, and XPLA, the press release said. Switzerland-headquartered FunPlus is a video game developer and publisher publishing games such as King of Avalon, State of Survival,...

Study discovers 40% of web3 gaming accounts are bots using on-chain data

Aug 31 2022 Published at CryptoSlate under tags  gamefi metaverse technology web3

Levan Kvirkvelia, the founder of Jigger, an anti-bot protection software, has released a report asserting that 40% of the player base of web3 games are bots. The study found evidence of 20,000 bots across over 60 web3 games. Louis Regis, founder and CEO of Xborg, exclusively confirmed to CrytoSlate that "many games artificially boost their player bases with bots and...

Aug 29 2022

Limit Break’s DigiDaigaku NFT collection rises by over 100% as firm raises $200m

Aug 29 2022 Published at CryptoSlate under tags  digidaigaku gamefi limit break nfts

The floor price of Limit Break free mint NFT DigiDaigaku rose to 15.67 ETH after news emerged that its parent company raised $200 million in two funding rounds, according to nftgo data. According to the data, the 24-hour trading volume of the collection spiked by over 400% to reach around $4 million. Apart from that, its market cap also increased by 130% to...

Chainplay report reveals 3 in 4 investors join crypto because of GameFi

Aug 29 2022 Published at CryptoSlate under tags  gamefi research

Chainplay's recent report, the State of GameFi, revealed that 3 in 4 investors join crypto to profit from GameFi, and 68% of existing GameFi investors joined the market within the last year. A total of 2428 GameFi investors from around the globe joined Chainplay's survey. A majority of them (51%) said the primary motivation for joining GameFi is...

Aug 28 2022

Why the future of gaming will be on-chain

The newest addition to a relatively young industry, blockchain gaming still hasn't lost its mystery. Many are still unsure what to make of it, and the constantly changing gaming ecosystem does little to help. However, those deeply involved in blockchain gaming believe that its promise of player-owned assets and circular token economies are the natural evolution of entertainment — that will change how...

Aug 24 2022

CoinMarketCap Releases a GameFi Report

Aug 24 2022 Published at Altcoin Buzz under tags  cryptocurrency news gamefi

CoinmarketCap (CMC) and Footprint Analytics dive into the nascent GameFi industry's performance from January to July 2022. They examine chains, tokens, and games to watch in the 2nd half of 2022. While crypto has had multiple ups and downs over the last decade, GameFi as a new market has just formed in late 2020, and the first half of 2022 was the blockchain...

Aug 18 2022

Cross The Ages and Immutable collaborate to launch P2E collectible card game

Aug 18 2022 Published at CryptoSlate under tags  gamefi partnerships

The mobile collectible card game Cross the Ages (CTA) has partnered with blockchain gaming giant Immutable X to utilize its Layer-2 scalability solution to...

Aug 17 2022

First 3D Metaverse RPG Built for Mobile, D.O.119 by ProtoReality Games, Launching last Quarter of 2022

Aug 17 2022 Published at CryptoSlate under tags  gamefi metaverse sponsored

While there still are not any hard and fast rules as to what the Metaverse entails — some insist that virtual reality and augmented reality are defining features, but more colloquial usage leans toward virtual worlds that can also be explored without VR — a Metaverse Standards Forum was...

Aug 15 2022

NFT Games Are Better Than Traditional Games, Urvit Goel

Aug 15 2022 Published at Bitcoinist.com under tags  crypto gamefi maplestory nft polygon

The gaming industry is one of the oldest in existence. But changes came to the sector with the advent of blockchain technology and NFT. Now, a lot is going on in the industry, including game developers opening up shops on the blockchain. Nowadays, people can make money playing games, not those types of earnings that you don't cash out. But actual money can...

Aug 11 2022

Explore the latest cardano metaverse project

Aug 11 2022 Published at CryptoSlate under tags  gamefi metaverse nfts sponsored

Cardano has proven to be one of the most active and busiest digital assets in the crypto world in the past year. Therefore, many experts expect that Cardano will have a great future in 2022, and it has also been stated that ADA is one investment option worth examining and projects based on it. The Cardano blockchain is used to build smart contracts...

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