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” NFTs bring in-game ownership to a new level, says Blokhaus founder “ Nonfungible tokens (NFTs) have taken the gaming world by storm. Whether it’s through limited edition collectibles, avatar enhancement or play-to-earn incentivization, digital assets have given in-game ownership a new meaning. The ways in which NFTs are available to players are becoming increasingly…
” Crypto gaming sucks — But devs can fix it “ What we have today in terms of Web3 gaming is not working. Play-to-earn has not worked and neither will play-to-earn or any X-to/and-earn. On top of that, traditional gamers view nonfungible tokens (NFTs) with suspicion. They dunk on expensive apes and are skeptical of large…
” Yield Guild Games: 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 head of ecosystem development, and Brian…
” South Korean ministry recommends enactment of special Metaverse laws “ The Ministry of Science and ICT (MSIT) of South Korea revealed plans to move away from imposing traditional video gaming laws on the Metaverse. Instead, the ministry decided to issue new guidelines for incentivizing the growth of the budding ecosystem. South Korea’s interest in…
” 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 Tokyo Games Show, Luke Sillay, the…
” Gaming makes up over half of blockchain industry usage, DappRadar “ New data from DappRadar suggests that gaming remains a vital organ to the blockchain industry. According to the report, the gaming sector accounts for approximately 50.51% of industry usage month-over-month (MoM), as per August numbers. While overall the numbers are a good indicator…
” Solved! Mystery owner of the huge Axie Infinity SLP wallet is revealed “ After much speculation, the wallet hodling more than 22 billion of Axie Infinity’s total supply of in-game token Smooth Love Potion (SLP) has been identified as an address belonging to Binance. The wallet was first highlighted by Axie Infinity player and…
” 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…
” GameFi investors are now prioritizing fun factor over money: Survey “ GameFi, the fusion of gaming and decentralized finance (DeFi), attracts a set of investors that tend to choose projects based on their use case rather than money-generating potential. The GameFi ecosystem attracts GenZ investors and gaming enthusiasts. As a result, it stands as…
” 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 nearly…