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Metaverse, Gaming, NFT on NEAR Protocol

Metaverse, Gaming, NFT on NEAR Protocol

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NEAR Protocol, a cutting-edge blockchain platform that utilizes sharding to increase scalability and performance, has announced a major investment in gaming and metaverse ventures built on its blockchain. In collaboration with leading venture capital firms, NEAR Protocol will be investing up to $100 million in these projects, with the goal of driving innovation and growth in the space.

The metaverse, which is a virtual world that exists entirely within a computer-generated environment, has been gaining traction in recent years as a way to connect people and communities. Gaming, too, has become a major industry, with billions of players worldwide. And NFTs, or non-fungible tokens, have emerged as a way to represent ownership of digital assets, from art to collectibles.

The investment by NEAR Protocol and its partners will provide funding and support to entrepreneurs and developers working on projects in these areas, helping to bring their ideas to life and drive innovation in the space. The goal is to create new and exciting experiences for users, as well as to build a strong ecosystem for these ventures to thrive in.

“We are excited to see the growth of metaverse, gaming, and NFTs on our blockchain,” said a NEAR Protocol spokesperson. “We believe that these projects have the potential to revolutionize the way we interact and create value in the digital world, and we are committed to investing in them to help make that happen.”

This move by NEAR Protocol and its venture partners is a clear indication of the growing importance of blockchain in the gaming and metaverse space, and it is expected to lead to the development of new, groundbreaking projects in the coming years. For those interested in getting involved in this space, now is the time to start exploring the opportunities available on NEAR Protocol.

What is NEAR Protocol?

NEAR Protocol is a blockchain platform that uses sharding technology to increase scalability and performance. It’s a software program that utilizes a network of computers to run a platform where developers can build and launch decentralized applications. The idea behind sharding is to divide the network’s infrastructure into smaller segments, so that each computer or node only has to handle a portion of the network’s transactions. This allows for faster and more efficient processing of transactions, making NEAR Protocol a powerful tool for developers looking to build decentralized apps.

How does NEAR work?

NEAR Protocol is a proof-of-stake (PoS) blockchain that utilizes its own sharding solution known as “Nightshade.” This unique feature sets NEAR apart from its competitors in the industry and positions it as a strong player in the blockchain space. Nightshade allows NEAR to divide its network infrastructure into smaller segments, resulting in faster and more efficient processing of transactions. This, in turn, makes NEAR an attractive option for developers looking to build decentralized apps. With Nightshade, NEAR is positioning itself as a powerful and innovative blockchain platform.

Nightshade

Sharding is a blockchain scaling technique that enables more transactions per second with lower transaction costs. It works by allowing each participating node to retain only a small amount of the platform’s data. This helps to scale the platform more effectively as it reduces the amount of data that each node needs to process. As a result, sharding allows for faster and more efficient processing of transactions, making it an attractive solution for developers building decentralized apps on a blockchain platform.

NEAR Protocol is a blockchain platform that uses sharding technology and other features. Discover the top projects on NEAR, incl metaverse, gaming, NFTs.
NEAR protocol, blockchain, web3, node, sharding

Five Metaverse, Gaming, and NFT Projects

Taobao Maker Festival

The Taobao Maker Festival, a showcase for young and emerging Chinese artists, is taking place at the Shanghai National Exhibition and Convention Center from July 17 to 25, 2021. The event provides a platform for artists to display and sell their works to a wider audience.

One artist who is making waves at the festival is Huang Heshan, a well-known Chinese NFT artist. Heshan is building his collection on the NEAR Protocol blockchain and received assistance from the platform in selling his work at the festival.

One of the highlights of Heshan’s collection is the Bu Tu Garden Community, a set of 10 opulent single-family villas. This collection is part of Heshan’s “Toorich City Series,” a group of unique NFTs that represent digital real derivatives. These NFTs are built on the NEAR Protocol and showcase the potential of this technology in creating and trading digital assets.

The Taobao Maker Festival is a great opportunity for artists like Heshan to showcase their work and for the general public to discover the potential of NFTs and blockchain technology. The use of NEAR Protocol in creating and selling these digital assets is a testament to the platform’s ability to support the growth and development of the NFT market.

Reality Chain

A new multi-chain metaverse called Reality Chain is set to debut on Octopus Network, a substrate-based app chain network built on the NEAR Protocol. This innovative platform will offer immersive multiplayer capabilities and features that will elevate gaming and social interactions to a whole new level.

Users will be able to interact with NFT furniture, walls, floors, and other in-game assets that are fully tradable. The platform also includes voice and text chat functionality to make the experience more authentic. In addition, players will be able to stake their native $REAL tokens to launch a new metaverse, giving them the ability to create and shape their own virtual worlds.

This is a significant development for the NEAR Protocol and Octopus Network, as it demonstrates the potential of their technology to support the growth and development of the metaverse and NFT markets. With Reality Chain, players will be able to fully immerse themselves in a virtual world and interact with other players in new and exciting ways. It’s an exciting time for the NEAR community, and the launch of Reality Chain is sure to attract a lot of attention from gamers and blockchain enthusiasts alike.

OP Games

OP Games is a blockchain-based Web3 gaming platform that is set to revolutionize the way players acquire, control, and exchange in-game assets. Currently, gaming platforms restrict users from bringing in achievements and skins from other games by locking digital collectibles into their own ecosystem. This can be frustrating for players and also requires a significant upfront cost for game developers.

OP Games is addressing this issue by converting entire games into fractionalized NFTs. This means that users can co-own the project and own a portion of the game. Not only that, players can benefit from price appreciation through this co-ownership and even have a say in the game development by participating in its DAO. This innovative strategy represents a revolution for game developers in terms of project financing and monetization.

This platform is built on NEAR Protocol, and it’s the first of its kind to bring the concept of fractionalized NFTs and DAOs to the gaming industry. It’s a game-changer for both gamers and game developers, giving them more control and ownership over their digital assets. With OP Games, players will be able to take their in-game achievements and skins with them, wherever they go and also have a say on the game development. It’s an exciting development for the NEAR community and the gaming industry as a whole.

Hash Rush/Vorto Network

Vorto Network, a decentralized wallet and marketplace platform, is set to revolutionize the gaming industry by allowing players to buy and sell products across multiple games. The platform is being utilized in the real-time strategy game Hash Rush, where players can immerse themselves in the Hermeian cosmos, construct, compete, and exchange products.

The game utilizes a play-to-earn paradigm to reward players and promote a market for digital products, increasing immersion. The team behind Hash Rush plans to publicly unveil the game in early 2022. Vorto Network’s integration allows for a seamless buying and selling experience for players, making it easy to acquire and trade in-game assets.

With the rise of blockchain technology and NFTs, Vorto Network’s marketplace offers a new level of ownership and control for players, breaking down the barriers of traditional gaming platforms. The team behind Vorto Network is working to bring this revolutionary concept to the masses, making gaming more accessible and enjoyable for everyone.

Feiyu

Feiyu, a social networking site based on NEAR Protocol, is revolutionizing the way users express their creativity and engage in the NFT metaverse. With its built-in meme generator and a large NFT marketplace, Feiyu is providing a platform for users to share and create their own memes and GIFs. Incentivizing participation through rewards-based incentives such as earning the native token and obtaining NFTs, Feiyu is encouraging a strong community on the network.

One of the platform’s latest projects, the “pixel art battle,” allows users to collaborate in chat rooms and create their own NFTs using an art board. By interacting with the artboard, users can gain pixels and receive Feiyu tokens in return, promoting teamwork and advancing the NFT development process. Feiyu is pushing the boundaries of the NFT metaverse and is set to become a major player in the industry.

An award-winning group of entrepreneurs and engineers created NEAR to be easy to use, inclusive, and environmentally friendly. A16Z, Pantera Capital, Electric Capital, Dragonfly Capital, Coinbase Ventures, Blockchain.com, and Baidu Ventures are just a few of the leading VC firms who support NEAR.

Are you new to the world of Web3 and the NEAR Protocol? Don’t let the learning curve hold you back. Our beginner’s guide to understanding Web3 is here to help. As a gamer, artist, creator, or influencer, it’s important to stay informed about blockchain-based gaming and how it’s shaping the future. Start by taking small steps, such as creating a crypto wallet, to familiarize yourself with the technology and be a part of the mainstream adoption of blockchain.

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Metaverse, Gaming, NFT on NEAR Protocol

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77-Bit: A Web3 MMORPG and NFT Project

77-Bit is a groundbreaking web3 MMORPG (Massively Multiplayer Online Role-Playing Game) that blurs the lines between virtual and real-life experiences. Launched in April 2022, this project, under the creative direction of Fanfaron, introduces players to a unique fusion of Manga and Anime aesthetics, tangible encounters, and NFT drops. Here is an extensive summary of the article: 77-Bit is a collection of 7,777 avatars serving as gateways to an immersive gaming universe. It was launched in April 2022 and operates on the Ethereum blockchain. The project adheres to the ERC token standard, with the avatars representing characters known as Ronins. These Ronins are poised to become playable personas in upcoming 77-Bit video games, promising an engaging user experience. Storyline: The game is set in the year 2077, where humanity has been subjugated by cyborgs from alternate dimensions. This dire situation stems from a cataclysmic event triggered by an ill-fated invention that tore open rifts between realms. Valiant Ronins rise to confront interdimensional cyborg invaders, leading to an epic struggle for survival. The narrative draws inspiration from cyberpunk and synthwave aesthetics, crafting a dystopian tale. Gameplay: 77-Bit aims to bridge the gap between play-to-earn projects and AAA games, offering players the chance to earn cryptocurrency. It is designed as an MMORPG-style video game with two distinctive zones: a metaverse for virtual interactions and trading, and a gaming zone named “chaos” for battles against monsters and artifact hunting. Players begin their journey with a collection of 7,777 avatars, which grant in-game models, power-ups, and access to the 77-Bit universe. These avatars evolve into playable characters with unique attributes like strength, speed, intelligence, and class affiliation as the game progresses. Character advancement occurs through gameplay, with rewards such as new weapons and artifacts for achieving objectives. NFT & Tokenomics: 77-Bit comprises 7,777 NFTs known as $RONIN, following the ERC token standard on Ethereum. There are two NFT collections within the project: 77-bit, the primary one, and 77Bit Comics, which includes around 6,571 copies of a single token. These NFTs offer diverse attributes, including costumes, facial features, hand gear, weapons, and backdrops. The NFT collections include various character types, such as Guys, Girls, Cyborgs, Apes, and Punks, each with distinct characteristics. Community Response: The community has shown enthusiasm for the anime NFTs within 77-Bit. Some members believe that Ronin represents the future. Others emphasize the importance of delivering memorable experiences in the crypto and NFT space for long-term success. In summary, 77-Bit is a pioneering web3 MMORPG that combines a captivating storyline, NFTs, and a play-to-earn model to create an immersive and rewarding gaming experience. The project has garnered interest from the crypto community, with its unique blend of virtual and real-life elements.

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CryptoFights – Game Review

“CryptoFights” is a game that utilizes the Bitcoin SV (BSV) blockchain, which is known for its transparency and security. The use of the BSV blockchain is a significant change in blockchain technology, as it offers a level of transparency and security that is not found in other blockchains. This is likely to be attractive to players who value security and want to ensure that their in-game assets and transactions are protected. The use of the BSV blockchain also allows “CryptoFights” to offer unique gameplay features and mechanics that are not possible on other blockchains. “CryptoFights” is a single-player role-playing game that combines elements of esports and 3D battles. In the game, players battle each other in one-on-one fights in a 1v1 gaming mode. Each battle consists of a single fighting round, and ends when one of the player’s energy points reaches zero. The game’s focus on one-on-one battles and its use of 3D graphics and gameplay mechanics are likely to appeal to players who enjoy competitive and immersive gaming experiences. CryptoFights Gameplay: In “CryptoFights,” single-player battle challenges are free to play, but players must have cash to participate in tournaments. At the start of the game, players have a basic level of power and can only participate in certain gaming modes. As players participate in and win battles, they receive gold that they can use to purchase items and weapons in the game’s marketplace. These items and weapons can be used to strengthen the character’s specifications and attributes, allowing them to become more powerful and capable of participating in more challenging gaming modes. Overall, “CryptoFights” offers a competitive and immersive gameplay experience that is likely to appeal to many players.

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Dustland Runner – Game Review

Dustland Runner is a move to earn crypto NFT game where you will explore, survive, and earn real money. After a cataclysmic event, the earth witnessed a solar flare calamity on a global level. The reaming after this cataclysmic event is only a big ball of barren land and deserts. This is an NFT game with $DOSE tokens. The year is 2272, and only a few survivors of that fateful event now remain on earth. The survivors roam from one place to another in search of food, water, resources, and other fellow beings. The future of the world rests in your hands, or it may be the end of human civilization. You must run all over the metaverse terrain by actually running in the real world to advance as a player. Dustland Runner is an audio game of fitness where working out will be required to earn points and complete tasks in the game. Higher levels will help unlock more features and greater rewards in the form of $DOSE tokens. The game is a project of the OliveX metaverse, the creator of games like 22 Pushups, and Dustland Riders. $DOSE is the unified currency of the OliveX metaverse ecosystem. In Dustland Runner, $DOSE tokens are utility tokens that are necessary for the in-game economy and performing various tasks in the game. However, in order to start in the game, the players must first buy Kettlemine NFTs that will allow the players to buy $DOSE tokens. In a changing world, where everyone is moving towards the metaverse, physical and mental health is also necessary and Dustland Runner provides that with the opportunity to earn money and have fun.

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Noft Games – Game Review

“Noft Games” is a play-to-earn (P2E) game that utilizes non-fungible tokens (NFTs) and is powered by the Binance Smart Chain. This game offers players the opportunity to earn rewards through gameplay, collecting unique NFTs and participating in the game’s ecosystem. The use of NFTs allows for a more immersive and interactive gaming experience, as players can own and trade virtual assets that have real value. By leveraging the Binance Smart Chain, “Noft Games” is able to offer fast and cost-effective transactions, making it an appealing choice for players. “Noft Games” is a space-themed, auto-battler game that allows players to earn rewards through strategic gameplay. In this game, players send their Nofts, virtual creatures with unique attributes and abilities, to battle against other Nofts for the chance to win cryptocurrency, experience points, and in-game currency. Players can grow and train their Nofts to improve their chances of winning, and the game’s algorithm uses all available data to trigger battles and determine the outcome. The game is set aboard a space station, where the Nofts are fighting for the chance to build a portal and teleport to another galaxy in order to save their dying civilization. “Noft Games” offers a unique blend of collectible elements, strategy, and the opportunity to earn real rewards through gameplay.

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Best P2E Games list 2024

Metaverse, Gaming, NFT on NEAR Protocol

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.