Best P2E Games

US Laws Halted MechaFightClub NFT Game

US Laws Halted MechaFightClub NFT Game

Game Review 

Due to problems with regulations in the US, the unique cockfighting game MechaFightClub, which is based on NFT, has been put on hold for good. Irreverent Labs had been working hard for more than a year to make a cockfighting game that was unlike any other. The web3 gaming industry is in shock, which is a shame because passionate gamers and NFT holders were looking forward to Irreverent Labs’ groundbreaking release.

Irreverent Labs Secured $40M Funding in May 2022

Even though the US developer of MechaFightClub NFT got $40 million in funding last year, work on the game was suddenly stopped. The lack of clarity in US regulatory law was given as the reason. It’s surprising to hear that the NFT-based game has been put on hold, with the developers calling it a “indefinite hibernation” after showing off such a great presentation and gameplay.

Rahul Sood, CEO and co-founder of Irreverent Labs, talked about why they decided to stop making things. “We don’t see a clear way to get the U.S. economy going in the right direction.”

“Moving it to another country would mean that most of the senior team would have to leave the United States for a while,” he said.

In MechaFightClub (MFC), an AI-powered computer game about cockfighting, robot roosters fight each other in a “Cocktagon.” Sood says that Irreverent decided to close after thinking about a number of important things. They won’t sell the MFC brand, though, because it is “too close to the soul of our company.”

He then said that the game had reached “alpha” status, which usually means that it works and has all of its features, but it may be missing some important parts and polish. Sood says that MechaFightClub could “come back in a different way” in the future, but the team hasn’t decided yet.

A few days ago, the company said that it was going to stop making MechaFightClub. They decided to buy back any mechabot NFTs that were left for 18 SOL, which is about $365.

Before the news, the NFTs were selling on the NFT market Magic Eden for around 7 SOL, which is less than half the price. Since then, Magic Eden has taken the MechaFightClub NFTs off sale.

Irrevrent Labs to Buy Back the MechaFightClub NFTs

“Good news: we’re announcing SOL 4 Cocks,” Irreverent Labs wrote. A program that lets you buy back any Genesis mint MFC NFT. For 18 SOL, your mechabots will be bought back.

But this is bad news because people who invested or bought NFTs did so because they wanted to play this game for a longer time and buy more NFTs as the game went on. Irreverent Labs said it was a hard choice, but they had to make it for reasons they will explain later.

In an open letter, Irreverent Labs said that the game was “trapped in regulatory challenges.” In recent months, the Securities and Exchange Commission (SEC) of the United States has been cracking down harder on cryptocurrency companies and platforms in the country. The SEC says this is because securities laws are often broken.

Over the last two years, there have been big changes in how cryptocurrency is regulated and used in the United States. Without a doubt, the United States helped blockchain and web3 projects do well in the market. But the way things are now is hard to understand and will cause serious web3 problems in the US.

Irrevrent Labs justified the decision to Shut Down MechaFightClub by saying:

“We are an American company, and because there isn’t enough clarity, it’s hard for blockchain companies to do business in the US.” We couldn’t create an in-game economy in the current regulatory environment without worrying about the regulatory repercussions.

Sood told Irreverent Labs that they should focus on making AI now that MechaFightClub is closing. The CEO of Irreverent Labs said that the company made a “significant breakthrough” in its AI model. It can take photos and turn them into short video clips. The studio is going to change it and put it out later this year.

A year ago, the company announced a $40 million funding round led by venture capital firm Andreessen Horowitz (a16z), Solana Ventures, CAA founder Michael Ovitz, Bollywood actress Sonam Kapoor, Infinity Ventures founder Brian Lu, and other well-known web3 players.

In a story post, Arianna Simpson, who is a general partner at the venture capital firm, said that the game “sounded weird” at first. She decided to invest in the team in the end because she thought they were “serious” and “capable.” They worked hard on making games and had a strong community on their Discord server.

Interesting enough, MechaFightClub’s official YouTube channel stopped posting gameplay videos. However, the audience was kept interested on their Twitter account, where they kept promoting the game with AI-generated images. It says that Irreverent Labs stopped doing business and making new games before it was made public. The company has stopped working on MechaFightClub and is now focusing on machine learning to make “short-form videos from images.”

MechaFightClub NFT Game Stalled Due to US Regulatory Challenges
MechaFightClub NFT Game Stalled Due to US Regulatory Challenges

Find Play to Earn Gaming News

Thank you for reading this PlayToEarnGames.com news story. We are the best place to find out what’s new and exciting in the world of play-to-earn games. Our website has reviews, videos, and in-depth articles about the newest and most exciting P2E games for different platforms.

Our list of P2E games has been carefully put together by a team of experts, and we give you all the information you need to make the most of your gaming time. For the games you have an interest in, you can find information about game tokens, white papers, and links to social media sites.

We are proud to keep our readers up to date on the latest changes in the gaming industry, such as blockchain, non-fungible tokens (NFTs), crypto, Web3, and metaverse games. Check out our “Best Games” and “Game Lists” sections to find the best P2E games and developers, or visit our “Video Game News” area for daily updates on what’s going on in the gaming world.

Send us a press release if you’re putting out a game or have news about PlayToEarn games. Our team of committed PlayToEarn Game news reporters will be happy to cover your event. Our website and reviews of video games should help you find the best play-to-earn (P2E) games. We’re glad you came to PlayToEarnGames.com.

US Laws Halted MechaFightClub NFT Game

If you like this game, share it with your friends:

Facebook
Twitter
LinkedIn
Reddit
WhatsApp
Telegram
Pinterest
Skype
VK
Email

Find our Best P2E Games list. All games are included with reviews and links to the game review page. Have Fun!

More Games

Related P2E Games: Play To Earn Crypto, NFT, Web3

Panzerdogs – Game Review

In the action-packed tank shooter brawler, “Panzerdogs,” players take control of NFT dogs and battle against each other in tanks in both PvE and PvP modes. Join the fun and see who comes out on top in these exciting and tactical tank battles. In “Panzerdogs,” players can earn rewards by using their tanks to fire upon, evade, and destroy opponents. The game features both PvE and PvP fighting modes, with players required to prepare their tank and dog avatars for battle before entering a mode. The PvP mode and the crafting process both utilize NFT dog avatars, which have unique appearances including style, color, body, hat, and background. Get ready to strategize and take down your opponents in this exciting tank shooter brawler. As a beginner in “Panzerdogs,” players will receive a low-tier non-NFT dog avatar after completing tasks in the PvE modes. Tank NFTs, on the other hand, consist of three parts: the turret, chassis, and tracks. These parts come in different rarity tiers including common, uncommon, rare, epic, and legendary. Tank parts can affect a tank’s attributes and abilities, with each part having its own strengths and weaknesses. This allows players to customize their tanks to fit their desired playstyle. Get ready to strategize and build the ultimate tank in this thrilling shooter brawler. Panzerdogs PvE Mode and Gameplay: PvE mode in “Panzerdogs” is an adventure mode that features missions with different objectives and tasks players with defeating AI-controlled enemies. This mode is available for free and includes a tutorial for new players. In the PvP mode, players can compete online in various game types such as team deathmatch, free-for-all, and capture the flag. Winners of these matches receive tokens as rewards, while all participants receive experience points. Players can also participate in periodic competitions to showcase their skills and earn additional prizes. Get ready for exciting battles and earn rewards as you play in this shooter brawler. In “Panzerdogs,” players can earn experience points by playing in any game mode, completing daily missions, and crafting parts. These experience points can be used to level up, which unlocks new prizes and pieces in the battle pass. Players can also upgrade their tanks and tackle tougher challenges by purchasing or crafting tank parts. Get ready to strategize and improve your tanks as you progress through the game.

Read Game Review »

RedShield Games: Immersive Open-World RPG – NFT Elements

RedShield Games has unveiled an ambitious open-world multiplayer RPG set in a dystopian 1940s universe, merging immersive gameplay with NFT (Non-Fungible Token) elements to elevate the gaming experience. This innovative GameFi project operates on the Avalanche blockchain and introduces a unique marketplace driven by utility NFTs, promoting User-Generated Content (UGC), and fostering a player-driven economy. The game, known as RedShield, incorporates a decentralized exchange (DEX) and liquidity pool (LP) system to create a dynamic gaming environment where players can earn in-game tokens with real-world value. In RedShield’s haunting dystopian narrative, a biological warfare experiment gone awry has led to superhuman soldiers losing their cognitive abilities and transforming into hybrid monsters upon death. A nuclear blast was triggered in a desperate attempt to contain the chaos, resulting in a post-World War II apocalypse filled with grotesque and deadly creatures. Players enter this chaotic metaverse, fighting for survival and a glimmer of hope, as they confront “The Deformed,” a menacing force that infects victims with an unknown organism. Within this expansive gaming universe, players assume various roles, from farmers cultivating in-game resources for sale in the marketplace to trainers acquiring NFTs strategically to increase their value. Landowners invest in bunkers, generating passive in-game rewards as their holdings thrive. Competitive players engage in seasonal campaigns and tournaments, striving for supremacy with RedShield champions who possess unique narratives and attributes, customizable through skill trees and equipped with six primary slots for strategic PvP battles. Bunker management, including industrial development, facility construction, and land fertility, plays a crucial role in shaping the game’s evolving landscape.

RedShield Games employs a dual-token system, consisting of the RSX Token (with a fixed supply) and RS Gold (with an unlimited supply). RSX serves as the governance token for acquiring company-designed assets such as NFTs, while RS Gold acts as the utility token, facilitating various transactions and interactions within the RedShield ecosystem.

The community’s response to RedShield Games has been enthusiastic, with players expressing their attachment to the game’s champions and admiration for the Avalanche blockchain technology. Many players have commended the dark and immersive graphics and gameplay of the RedShield universe, further enhancing its appeal. RedShield Games invites players to join its evolving community and explore the limitless potential of the RedShield Universe.

Read Game Review »

Evolution Land – Game Review

Evolution Land is a blockchain game that uses Darwinia Network’s cross-chain technology and features two “continents” on Ethereum and Tron. You may purchase and sell land, manage your space, harvest crops, and construct structures. Moreover, there are 26 continents in total, each with its own blockchain, and the game has over 5 blockchains involved in its lands and NFTS. The platform provides users with virtual real estate and a concept of continents. On these continents, users can buy a land, farm, work on various structures, or hire other users to mine resources on their territory. Players can also buy and sell land on continents, harvest resources and construct buildings, engage in PvP, conduct scientific research, and so on. Fungible and non-fungible coins that are truly owned by the players and safeguarded by blockchain technology where their continent is used significantly in evolution terrain gameplay. In-Game Lands and Their Value: The game already features certain continents on the blockchain. The fourth continent of Evolution Land, the continent of Dawning, will have a total of 2025 lands based on the Huobi ECO Chain. Evolution Land has set aside a total of 249 Lands as reserves, In addition to the center area’s resources, there are gold mines, forests, lakes, volcanoes, hills, and other places that will provide for prize distribution, During Crab and Darwinia Network parachain rental offers are for a two-year leasing period, Approximately 1000 acres are in reserve to thank the supporters and the community, The remaining 727 acres of land will go in the auction. An apostle or mining drill is responsible to extract a planet’s resources. These resources are tokens that are exchangeable with real money. Furthermore, a user has the liberty to use points to cash out RING rewards in the Happy Lottery. Landowners can get a commission from the apostles and mining drills which can be a significant sum of money!

Read Game Review »

Song of Rising: Pixel-Style Metaverse with DeFi and NFT Heroes

Song of Rising is an ambitious Pixel-style metaverse initiative that has introduced an innovative DeFi framework. Designed with a user-friendly, game-inspired interface, it aims to simplify the complex world of decentralized finance (DeFi) for users, including newcomers, offering a more engaging and accessible experience.

The metaverse offers a dynamic hero NFT system, encompassing various elements such as pets, lands, PvP (Player vs. Player) encounters, and Play2Earn experiences. It integrates top-tier decentralized applications (DApps) accessible through interactive AI NPCs (non-playable characters) to enrich the metaverse’s depth. Upcoming features include derivatives, Ve(3,3), and lotteries. The Marketplace enables seamless token swaps at current exchange rates and provides opportunities for liquidity providers to earn fees through staking LP (Liquidity Provider) tokens in the Farms.

In the Song of Rising metaverse, Heroes are not just collectibles but fully-fledged RPG (Role-Playing Game) characters with stats, resources, and a leveling system. These Heroes engage in various professions, quests, and battles, serving as central gameplay elements and sources of diverse rewards. New Heroes are created through the fusion of two existing ones in the sacred church, inheriting their attributes and professions. The Hero Market facilitates trading, renting, and sending Heroes, while the Marketplace allows token exchange, enhancing the economic vibrancy of the metaverse.

The metaverse’s lore is set in a post-apocalyptic world following the cataclysmic event of Ragnarok. In this harsh environment, courageous Heroes emerge as leaders, guiding humanity to reclaim the land by establishing farms, shelters, and order amid the chaos.

Gameplay in Song of Rising revolves around Heroes, utility-based NFTs with diverse functions. They participate in Professions Quests to earn in-game resources called JEWEL and advance their profession skills. Progression unlocks higher Hero levels at the Meditation Circle. Heroes can pair up to summon new ones, with classes, stats, and rarity influenced by the infusing Heroes. They also engage in PVE quests against formidable adversaries. The NFT Agent in the Tavern facilitates Hero trading, rentals, and sales. Quests like Gold Mining and Foraging enable resource acquisition, which can be sold for gold or exchanged for RUBY in the Marketplace. Training quests focus on honing specific stats to add depth to Hero development.

In terms of tokenomics, $RUBY serves as the primary in-game value token, offering unique utility. $GOLD is the in-game currency for trading items, and $SoulShards are essential for summoning Heroes.

The Song of Rising community has responded positively, expressing excitement and support for the project’s development and contributions to the web3 ecosystem.

Read Game Review »

Best P2E Games list 2024

US Laws Halted MechaFightClub NFT Game

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.