Best P2E Games

Author: Play-To-Earn Games List

Gaming will Drive Mass Crypto

Gaming will Drive Mass Crypto

In this article, we explore the insights and predictions of industry experts on the trends and developments in the blockchain industry for 2023

Sorare Game Review: Play-and-Win

Today in the gaming news we bring you a digital card sports game featuring football/soccer, NBA, and MLB: Sorare. In Sorare, players can collect and trade digital NFT cards that show real football, NBA, and MLB players

Square Enix’s Ambitious Leap into Blockchain Gaming: Final Fantasy NFTs, Symbiogenesis, and Web 3.0 Exploration

Square Enix's Ambitious Leap into Blockchain Gaming: Final Fantasy NFTs, Symbiogenesis, and Web 3.0 Exploration

Square Enix, the renowned video game company behind titles like Final Fantasy and Dragon Quest, is making significant moves in the blockchain gaming sector despite the recent challenges facing the crypto and blockchain game industries.

In 2021, crypto and blockchain games experienced a surge in popularity and investment, but in 2022, they faced a downturn in the bearish trend. However, Square Enix has reaffirmed its commitment to blockchain gaming projects in 2023, signaling a continued focus on the sector.

Square Enix, known for its blockbuster IP Final Fantasy, is now exploring the integration of blockchain technology into Web 3.0 games. The company is actively working on multiple blockchain games, distinct from its famous IPs. Yosuke Matsuda, the president of Square Enix, has expressed the company’s dedication to the blockchain gaming sector and its willingness to invest in promising businesses both in Japan and abroad.

Matsuda acknowledged the challenges faced by the gaming industry in 2022, such as the FTX collapse in November, but he remains optimistic about the growing adoption of Web 3.0. He believes that blockchain games will enter a new phase of growth in 2023, following the turbulent period of excitement and turmoil in the blockchain space.

Square Enix’s flagship blockchain game project, Symbiogenesis, is a digital experience that allows players to collect art and tell stories. The gameplay involves decisions on whether to monopolize or share information with other players in the community.

Apart from Symbiogenesis, Square Enix is acting as a strategic advisor for Cross the Ages, a digital collectible trading card game utilizing the Polygon blockchain. The company has also invested in Zebedee, a Bitcoin gaming startup, and has stakes in the popular blockchain game, The Sandbox. Square Enix intends to reintroduce the highly anticipated game “Dungeon Siege” as an in-game experience within The Sandbox.

Square Enix’s expansion into blockchain gaming is further evident with its plan to launch Final Fantasy NFTs on the Polkadot blockchain. These NFTs will be associated with Final Fantasy VII, in addition to physical trading cards and toys. The company’s push into blockchain gaming was facilitated by a $300 million deal in which it sold its internal gaming studios in the West, along with major IPs like Tomb Raider and Deus Ex, to Embracer Group.

Square Enix is not the only traditional gaming publisher venturing into blockchain gaming. Ubisoft has launched its first NFT-enabled game, Ghost Recon: Breakpoint, and has made investments in crypto gaming studios. Take-Two, the parent company of Rockstar Games, has entered the NFT space through its casual game studio, Zynga. However, Rockstar remains opposed to NFTs, banning them on GTA V servers. Valve, the operator of the popular game marketplace Steam, has shown no interest in accommodating blockchain or NFT games on its platform.

Overall, Square Enix’s commitment to blockchain gaming reflects a broader trend in the gaming industry, with traditional publishers exploring new opportunities in the Web 3.0 and blockchain gaming space.

What to Expect from Gamefi in 2023? 

What to Expect from Gamefi in 2023? 

What can we anticipate from Gamefi in 2023? FTX, Terra, and Axie Infinity-style collapses: will they be followed by others? Gamefi and cryptocurrency will undergo change in 2023?

Alien Worlds Game Review

Alien Worlds is a play to earn free to play blockchain game themed around exoplanets, offering Trilium mining, NFTs, and other passive income streams.

Sky Mavis, The Smurfs, The Sandbox

The winter holiday season is well underway, and several play and earn games are coming with their alphas, new features, NFT rewards, and updates. Also, our favorite characters from childhood, the Smurfs, have shown up in the popular blockchain game The Sandbox. And finally, we see DeGods and Y00ts migrating from Solana to Ethereum and Polygon. We will see how this decision impacts Solana and why Dust Labs took the decision to migrate. Stay with us until the end as we wrap up this week with all of the important updates in one place for you to keep up with what’s going on in the Web 3.0 gaming space.

WAM.app Game: Game Review

WAM.app Game: Game Review

WAM.app is a social play-to-earn hypercasual gaming platform. Win NFTs and digital collectibles by playing your favorite games on mobile against real people.

Esports Important for Play-to-Earn

Esports Important for Play-to-Earn

Why are esports tournaments required for play-to-earn and blockchain games, and how can they help Web 3.0? The importance of esports in video games!

Medieval Empires Ertugrul: Game Review

Medieval Empires Ertugrul: The blockchain game is an online multiplayer strategy play-and-own game. If you buy land in this area, you will receive NFTs.

Harmony Blockchain New NFT Projects

New initiatives like MAD NFT, Legends of Venari, Moon Robots, Nifty Nafty, and Zonulet boost Harmony’s traffic. These blockchain NFT projects’ details are available here.

Fenix Games And The Blockchain

Fenix Games has raised $150 million in funding to establish a new and distinct blockchain game publisher. The company plans to launch a publisher as well as a platform for blockchain games that will help these games hit the market. More simply, Fenix Games plans to invest, acquire, and publish existing and future blockchain games.

Spider Tanks: Game Review

Spider Tanks is a play and earn, free to play, PvP multiplayer blockchain brawler involving tanks and super fast action.

“Battle of Guardians”: Game Review

“Battle of Guardians”, a first-of-its-kind PvP real-time online multiplayer fighting blockchain NFT game. It offers PvE, esports, and fighting tournaments.

Why Should You Play-to-Earn?

Yes, why should you “play to earn”? This article summarizes the benefits and drawbacks. Everything You Need to Know About Play to Earn Games

Swords of Blood: Game Review

Swords of Blood is a free-to-play and pay-to-own hack-and-slash blockchain NFT game with a compelling plot and a variety of game modes.

“9GAG” Embraces Web3

Memeland is a Web3-focused metaverse venture studio having projects in line powered by blockchain and NFTs backed by 9GAG community.

Game Review: Moonville

In today’s game review, we’ll talk about an upcoming Play And Earn Blockchain game and an out-of-this-world farming simulation: MoonVille

Stripe Taking Cryptocurrencies

On the business side of the Web 3.0 industry, we have Animoca Brands launching Animoca Capital. Moreover, Swords of Blood landed hefty funding, Splinterlands thought outside the box, the multi-billion dollar music industry embraced Web 3.0 as in something like Party-To-Earn, Play-to-Earn games changed dynamics, Fenix Games raised $150 million, and Stripe took cryptocurrencies on board. 9GAG and their metaverse, and Battle of Guardians.

Web3 Gaming Is Future Of Gaming

In today’s gaming news, check out the development team behind the upcoming NFT blockchain game series Eternal Dragons, Trailblazer Games.

Blockchain, Metaverse & Web 3.0

We are here again with the weekly gaming news roundup, with a lot of developments happening in the Web3 domain. Earlier this month, we saw the FTX collapse, which has had a considerable impact on the Solana blockchain and many other blockchain gaming projects.

What Are NFT Rewards?

NFTs are digital collectibles that anyone can earn by playing games on blockchain technology. They’re fun, easy to earn and they have real value

Play-To-Earn Games Guide

Play-To-Earn Games is an exciting new way to earn real cash by playing fun online games. Playing video games is a healthy pastime that allows you to unwind, have fun

Immutable X Announces Blockchain Thalon

Thalon is an upcoming promising free-to-play blockchain NFT game under the banner of Immutable. The game offers venues to earn while having fun getting into the genre of real-time strategy in a sci-fi world.

Defi Kingdoms: Game Review

Defi Kingdom is a cross-chain RPG blockchain NFT game that offers plenty of opportunities for gamers to make money along with having fun. This play to earn game is unique owing to its aesthetically pleasing 8-bit graphics, token resources, and Hero NFTs all integrated with DeFi protocols.

Pulsar: Game Review Web 3.0

Today we review the game Pulsar. The game is a Free-to-Play sci-fi MMO Real Time Strategy blockchain. A Play-to-own NFT game as we say.

Crypto Games for Beginners

Crypto games, considered the next generation of gaming, let users earn cryptocurrency by engaging in various tasks. For instance, some games give players in-game currency that they can use to buy characters and items that can be sold in marketplaces or subsequently swapped for more common cryptocurrencies.

PECland: Gamefi, Game Review

Pecland is a Web3 project that comes with a unique combination of Gamefi, NFT, social immersion, metaverse, entertainment, and business.

Game Developers on Web 3.0 Gaming

Game Developers on Web 3.0 Gaming

According to a recent survey, Web 3.0 game developers intend to continue developing Web 3.0 games in the future. The gaming industry will change thanks to Web 3.0 technology.

Angelic Game Overview: Blockchain Game

Angelic by Metaverse Game Studios may be the first AAA Web 3.0 title. The creators of Far Cry, League of Legends, and Diablo Immortal are responsible for Angelic.

Eternal Dragons has released Alpha

Let’s have a look at what happened during the week.
– Axie Infinity launches a Christmas event.
– Sandbox holiday season event
– Eternal Dragons have released Alpha.
– The honor system is introduced in Spider Tanks.
– Benji Bananas’s New Season

Infinite Drive, Epic Games, LockWood

As we get closer to the end of 2022, there are a lot of interesting new updates in the blockchain gaming industry. The metaverse is experiencing a lot of activity.

Benji Bananas Game Review

Benji Bananas Game Review

Check out this game review of Benji Bananas by Animoca Brands, a mobile platformer/runner action game that uses physics and is play-to-earn and free to play

Illuvium Overworld Beta Game Review

A free-to-play, play-and-earn, open-world collection battler blockchain game is called Illuvium Overworld. The game is modeled after Pokémon; you catch, gather, train, and battle your Illuvials.

The future of blockchain gaming 2023

How will the Web 3.0 gaming industry develop going forward? What important actions does the blockchain gaming sector need to take to improve the future’s script?

Game Overview Apeiron

In today’s gaming news, we talk about Apeiron, a play-and-earn NFT blockchain God-game that offers action role-playing games, a tri-token system, and true ownership for its players.

Champions Arena: Game Review

Today, we look at Champions Arena, a turn-based role-playing game in which players can collect more than 100 interesting NFTs. Gala Games announced the game.

Blockchain gaming industry 2024

Blockchain gaming industry 2024

In this year-end review of the blockchain gaming and Gamefi industry as 2023 comes to a close, we explore how the sector has fared and what lies ahead for 2024. This overview is the first in a series that will examine various facets of blockchain gaming’s performance throughout the year.

Gamefi and Blockchain Games: A New Phenomenon

Gamefi, often referred to as Web 3.0 gaming, is a burgeoning industry that allows players to earn digital assets and cryptocurrencies with real-world value. However, compared to the traditional gaming industry, which is massive, Gamefi is relatively young at just four years old. Its aspiration is to eventually rival or replace traditional games, but it has a long journey ahead to achieve mass adoption and mainstream recognition.

According to recent reports from Q3 2022:

Despite global economic challenges, the Gamefi industry exhibits promise and potential for recovery.
The trading volume and activity within blockchain games remain small compared to traditional gaming.
Blockchain activity on platforms other than Ethereum has seen significant growth.
Ethereum Merge, along with the recovery of cryptocurrencies like ETH and Bitcoin, bodes well for blockchain games.
Upcoming AAA-level games and developers in the Web 3.0 gaming space promise engaging experiences in 2023.
Performance of the Blockchain Gaming Industry in 2024

In terms of mass adoption in 2023-2024, the number of distinct active wallets is a crucial metric. These wallets surpassed one million in Q2 and Q3 of 2022, though it’s unclear if they represent unique users. Nevertheless, this indicates a growing community and a solid foundation for blockchain games, suggesting continued development of NFTs and blockchain games in the coming years.

How NFTs Performed in 2023-2024

The year 2023 saw a bearish trend for NFTs, with declining transaction volumes and waning speculation. However, sales of NFTs on blockchain platforms other than Ethereum showed consistent growth throughout the year. This suggests that NFT speculation may have bottomed out, hinting at a more optimistic outlook for 2024.

Status of New Blockchain Games in 2024

Approximately 2,000 games are currently utilizing blockchain technology, indicating that blockchain games are still in their early stages. However, it’s worth noting that game development is a lengthy process dependent on infrastructure, tools, distribution channels, and more. As a result, expecting rapid mass adoption will take time, but the industry is poised for growth, with fun and engaging games set to enter the Web 3.0 gaming space in the coming year.

In conclusion, the blockchain gaming industry is making strides but has yet to achieve widespread adoption and compete with the traditional gaming giants. However, the potential for growth and innovation remains high, and the future appears promising for Gamefi and blockchain games as they continue to evolve and capture the interest of players worldwide. Stay tuned for more updates and news on blockchain gaming and related topics in 2024.

Is Web 3.0 gaming dying?

Most gamers actually have positive-to-neutral opinion on crypto rewards in video games, according to web 3.0 survey of Zebedee.

Beacon F2P NFT Game Preview

The Beacon is a free-to-play, Web 3.0 independent NFT game with 8-bit pixel art graphics and entertaining gameplay that belongs to the action RPG genre.

New Era in Blockchain Gaming

What has the Web 3.0 gaming sector discovered so far? Understanding the three phases to comprehend the problem and a potential fix.

Axie Infinity– the Year 2022-2023

Axie Infinity: Rise, Fall, and Prospects in the Web3 Gaming Landscape.

Axie Infinity, a prominent name in the Web 3.0 NFT crypto gaming sphere, has experienced a remarkable journey that encapsulates the dynamism of the industry. The game gained swift popularity, transitioning players from various economic backgrounds to newfound wealth through its innovative “play to earn” model. Developed by Sky Mavis, the Vietnam-based studio, Axie Infinity allows players to breed, nurture, and battle Axies – adorable creatures with a resemblance to Pokémon. The game’s success skyrocketed during the pandemic-induced lockdowns, propelling many to leave traditional employment in favor of pursuing game-related income streams.

The narrative of Axie Infinity’s trajectory took a twist in 2022. The game’s user base dwindled notably, experiencing a decline of over 45% from its peak in late 2021. This downturn was compounded by a fall in the value of in-game currency, dropping to a meager $0.02, catalyzed by the larger crypto market crash and waning interest in NFTs. Challenges mounted further as a massive hack in March 2022 resulted in the loss of $620 million worth of cryptocurrency – a monumental heist in crypto history. This setback, combined with the broader crypto winter, eroded trust in the project.

The game’s predicament can be attributed to its emphasis on financial incentives over entertainment value. Axie Infinity’s core motivation lies in monetary gain, overshadowing elements of fun and enjoyment. This unbalanced focus turned the game into a form of digital sharecropping, reliant on new players and speculative behavior. As the influx of newcomers slowed, the game’s tokenomics spiraled out of control, exacerbating its challenges.

Despite these setbacks, Axie Infinity has displayed resilience. The AXS token, central to the game’s ecosystem, has shown a notable gain of 23.83%, signaling a potential resurgence. The game’s developers, Sky Mavis, are not resting on their laurels. They are adapting and learning from their recent difficulties, aiming to rectify the shortcomings through Axie Origins – a new blockchain project. This venture shifts the gameplay by allowing players to earn cryptocurrency through collecting and trading charms and amulets. Additionally, the introduction of a metaverse, where users can own digital lands, seeks to integrate the AXS token across all projects.

However, the game’s future is not devoid of challenges. The emergence of industry giants like Ubisoft in the blockchain gaming arena poses a threat to Axie Infinity’s dominance. To remain relevant, the game needs to enhance its gameplay experience and strike a balance between financial incentives and engaging content. Despite the hurdles, Axie Infinity’s enduring support and backing indicate its resilience in the face of the crypto winter. While the journey ahead is uncertain, Axie Infinity’s evolving strategies and the nascent nature of the Web3 gaming landscape suggest that its story is far from over.

Mist: Pre-Alpha Game Review

Mist, an upcoming MMO RPG metaverse NFT blockchain play to earn game, is featured in today’s gaming news. See what this game has to offer you.

Aave Acquires Sonar

In-game items, announcements, and giveaways. Axie Infinity, a community of axies. NFT games like Gods Unchained and Splinterlands have new in-game content.

Nakamoto Games Ecosystem

Nakamoto Games heads into the year 2023 as a centurion in play to earn games on its vast platform. The feat of reaching 100 games by the end of 2022 will happen this month by adding 78 new games to its ecosystem. Nakamoto Games’ play to earn (metaverse) ecosystem is an industry leader with a number of successful metaverse blockchain games under one roof. Also, the ecosystem is busy, bright, and full of super-addictive games. It also has a wonderful and active community of P2E gamers. Even though the crypto industry as a whole has been going down, one blockchain project, Nakamoto Games, has been slowly going up.

Crypto Gaming Count For 59% Investments

Despite the severe crypto winter, there is still a sub-sector niche that is braving the storm all alone. Crypto downturn has had a severe impact on the general interest levels in the crypto world and digital ownership domain.

The Upcoming Play to Earn Games 2023

Check out some of the most anticipating upcoming play to earn games releasing in 2023, pick your favorite NFT blockchain game and get ready to roll.

Play and Own Gaming Model

The developers are shifting towards play to own (P2O) or free to own (F2O) model rather than play to earn.

VOID – Game Review

Void is an online AAA multiplayer NFT Play and Earn game. The game is being built on the SOLANA blockchain.Humans have lost the war against machines

Cyball – Game Review

This is for our football (US: soccer) fans where we discuss one of the first football and cyborg-themed blockchain NFT card game known as Cyball. The game has a unique combination of football and cyborgs where you will fight and conquer your enemies using your NFT cyborgs, of course, in a football duel. So, start by building your NFT cyborg team and wage war against other cyborgs. Cyball has a unique combination of aesthetic visuals, and exciting gameplay, and runs on BSC and Ethereum both. Moreover, it requires strategy skills to come up with a perfect team to top leaderboards. The game has a lot to offer with several game modes which will hook you up to the game for hours.

Poly World: Game review

Poly World is a promising upcoming free to play creature collecting blockchain NFT game. It combines both Web2 and Web3 making it unique in the gamefi category.

Splinterlands – Card Game Review

If you are into collectible card games and have a knack to earn, then this next-generation play-to-earn NFT card game, Splinterlands, is the right fit for you.

Get to Know Gala Games

Gala Games emerged in the gaming industry in 2019 as a pioneer of “Play to Earn” games, standing out by rewarding players with tokens (GALA) for playing games on their platform in 2020. The company quickly gained prominence due to several factors, including its experienced team with roots in popular games like Zynga. The CEO, Eric Schiermeyer, was a founding member of Zynga.

The core goal of Gala Games was to establish a blockchain-based gaming network that empowered players with greater control and ownership over games. They aimed to simplify blockchain gaming, making it accessible even to newcomers to the technology.

Operating similarly to platforms like Miniclip or Steam, Gala Games hosts games powered by blockchain, specifically through Decentralized Applications (dApps). What sets Gala Games apart is its utilization of the Ethereum blockchain, and its recent integration with the Binance Smart Chain via the p.Network Bridge DApp. This integration reduced transaction costs for GALA token users significantly. The platform operates as a community-driven network, with community-owned nodes determining preferred games and features.

A notable aspect of Gala Games is its online store, which incorporates a marketplace for buying and selling in-game assets. This feature facilitates quick transactions to enhance gameplay.

Central to Gala Games is its utility token, GALA, used for various purposes such as item purchases, peer-to-peer payments, and rewarding network nodes. Users can support the Gala Games network by running a Gala Node, receiving rewards in the form of “rare” GALA and NFT tokens. However, running a Gala Node comes at a cost.

GALA token has a fixed maximum supply of 50 billion, with daily distributions to node operators and the Gala Games conservatory. The project employs a halving cycle, reducing issuance annually, similar to cryptocurrencies like Bitcoin.

Gala Games offers a variety of blockchain-based games, with some already playable and others set to release in 2023. Among the titles are Spider Tanks, Town Star, Superior, Champions Arena, GRIT, Fortitude, Battlestar Galactica, Eternal Paradox, Town Crush, The Walking Dead: Empires, Legends Reborn, Mirandus, Legacy, and Last Expedition. The company frequently shares gameplay videos and progress updates with its community.

GRIT – Game Review

GRIT is a AAA NFT wild west battle royale play to earn game that will surely wake your inner cowboy to roam in the wild west and earn real money.

How to Play Pegaxy?

Learn everything about this play to earn NFT game introducing horse racing, breeding, and Pega NFTs in a simulation game known as Pegaxy.

You Did Not Play The Sandbox?

The Sandbox is a play to earn metaverse that has it all to let you dive into this game to create, play, earn, and have fun. Get hold of SAND, LAND, and more to make guaranteed cash.

What is the meaning of NFT Games

Know all about the intricacies of NFT games, how they work, and what is NFT gaming. What is the meaning of NFT Games? Learn and play NFT.

How Does NFT Games Work?

Blockchain technology is the foundation of the gaming platform NFT Games. It enables players to directly trade and own digital assets.

GTA6 will Use Cryptocurrency

According to reports, the popular Grand Theft Auto franchise is heading towards integrating blockchain technology in its upcoming GTA game

Animoca Brands – The Full Story

Animoca Brands, the world’s leading investor in Web3, NFT, blockchain, and P2E, has a vibrant story to tell about itself, a roller coaster ride with ups and downs.

Minecraft Against NFT’s

Minecraft game developer Cory Scheviak said, “For us as game developers, NFT’s change the meaning of what a game is, and that is worrying

Vulcan Forged, Crypto Unicorns, Champions Arena, Mines of Dalarnia, Sorare, Magic Eden, Aether, and Hytopia – Blockchain Games

We will go on a trip through the most cutting-edge areas of blockchain innovation as we look at updates from top projects that are changing the way games, NFTs, and metaverses work. You can learn more about the ecosystems in Vulcan Forged, Crypto Unicorns, Champions Arena, Mines of Dalarnia, Sorare, Magic Eden, Aether, and Hytopia. From skill-based battle royales and turn-based RPGs to decentralized gaming infrastructures, each project brings new ideas to the table that change how users interact with games. Find out about the newest features and improvements that are pushing these projects forward in their own genres. These include improved node structures, unique NFT benefits, cross-chain wallets, and dynamic in-game economies. Come with us as we look into the new trends that will affect decentralized entertainment and digital worlds that feel real. The blockchain revolution is happening, and people who are interested can watch how decentralized experiences change over time.

Making Money While Gaming: A Guide to Play-to-Earn Games

Play-to-earn games have become increasingly popular in recent years, as players seek new and exciting ways to earn rewards for their gaming skills. From classics like Snake to modern titles like Avalanche and Tower of Defence, there are plenty of options for players looking to dive into this exciting trend. Let’s take a closer look at some of the best play-to-earn games out there, including some that feature ducks!

Gameplay Matters For Blockchain

Average daily users drop big time when you look at blockchain games. How come? Does gameplay matter? Axie and Decentraland under pressure.

Exploring the Exciting World of Play-to-Earn Games with Crypto, NFTs, and Duckie Game

The gaming industry has gone through a transformational shift in recent years, as Play-to-Earn (P2E) games with crypto and NFTs have become increasingly popular. Players can now earn real money by playing games and participating in gaming ecosystems, thanks to blockchain technology and the rise of non-fungible tokens (NFTs). P2E games offer an exciting opportunity for gamers to have fun while earning money at the same time.

Metaverse And Video Game Industry

Video game industry is creating tools that make their games more immersive and a place where people would love to live in the metaverse

Cross the Ages Raises $12mio

Cross the Ages Raises $12mio

Blockchain gaming firm Cross the Ages announced funding from Ubisoft, Polygon, and crypto gaming unicorn Animoca Brands among others.

Red Door Digital Raises $5mio

Singapore-based gaming studio Red Door Digital has had a successful round of funding where it raised $5 million for Blockchain games

Gumi Capital & Crypto Startups

Gumi Cryptos Capital pledges a massive investment of $110 million in capital for new and early-stage blockchain startups.

Storybook Brawl Negative Reviews

Storybook Brawl Negative Reviews

The deal between FTX and Good Luck Games wasn’t well-received by gamers. Storybook Brawl became victim of negative reviews on Steam.

Axie Infinity Loses $600 Million

Biggest hacker heists to date against crypto gaming where the hackers took off with $600 million. The victim is crypto gaming; Axie Infinity.

Krafton Joins Hands With Solana

Krafton Joins Hands With Solana

Massively popular battle royale PUBG founder Krafton Labs has entered into an agreement with Solana Labs. The partnership brings NFTs to PUBG

Eternal Dragons Raises $8.2M

Trailblazer Games Raises $8.2 M for its Blockchain Game Eternal Dragons. Singapore-based gaming studio decides technology in web3

FTX Acquires Good Luck Games

FTX Acquires Good Luck Games

Cryptocurrency exchange FTX & FTX Gaming make progress and expansion into the blockchain video game realm by acquiring Good Luck Games.

P2E Games And Metaverse Economy

P2E Games and its Impact on the Metaverse Economy. Play your favorite games and earn real money, who doesn’t want this to happen?

Gamers Not Excited About GameFi?

Gamers Not Excited About GameFi?

GameFi is a phenomenon that resulted from the amalgamation of gaming, decentralized finance, and NFTs. Why are gamers not excited?

NFTs, Gaming And Music

NFTs have had its fair share in the market for the past couple of years. However, its relationship with the masses is more like a love-hat

NFT Games 2024; How To Play, Which Games?

NFT Games 2024; How To Play, Which Games?

In 2024, the gaming world is abuzz with the potential of NFTs (Non-Fungible Tokens), as they continue to be at the forefront of technological trends alongside cryptocurrencies and the metaverse. While these concepts have garnered considerable attention, their impact on the gaming industry remains uncertain. This summary delves into what NFTs might bring in 2024 and assesses the stance of major gaming developers.

NFTs have been touted as the future of gaming, but skepticism abounds. Some fear that gamers may prioritize trading digital assets over enjoying actual gameplay, raising concerns about the industry’s direction. Additionally, the environmental consequences of increased blockchain transactions are a pressing issue.

Currently, several games support NFTs, including DeFi Kingdoms, Splinterlands, Bomb Crypto, and Axie Infinity, experiencing success in terms of trading volume and popularity. However, mainstream games have yet to fully embrace NFT integration, despite widespread interest in NFT and blockchain gaming.

Notable developers in the industry have varying perspectives on NFTs:

Ubisoft’s CEO supports NFTs and blockchain integration, already introducing NFTs in Ghost Recon: Breakpoint.
Electronic Arts (EA) expresses promise in NFTs but has not made any public commitments.
Sony, through its subsidiary Sony Pictures, has introduced Spider-Man NFTs.
Capcom licensed Street Fighter for an NFT card collection.
However, other major players like Take-Two, Sega, Epic, and Square Enix are cautious and have not announced NFT projects. Valve has actively barred NFT games from its market, while Microsoft’s Phil Spencer appears unimpressed by blockchain and NFTs.

In 2024, the gaming industry is immersed in discussions about NFTs, Play-to-Earn (P2E) games, cryptocurrencies, the metaverse, VR, AR, AI, and various other technological advancements. This evolving landscape is closely monitored by enthusiasts and industry professionals alike, as gaming continues to intersect with entertainment, technology, and the broader digital world.

Axie Infinity changes economics

Axie Infinity, a pioneering play-to-earn (P2E) blockchain game, has undertaken significant changes to its economic model following a substantial decline in its native token’s price, NFT valuations, and trading activity. This marks a notable shift from its previously skyrocketing success. In the previous year, the game, built on the Ethereum blockchain, garnered immense popularity, amassing nearly $4 billion in NFT trading transactions.

However, recent times have seen Axie Infinity’s token and NFT values experience a sharp decline. This downturn has raised questions about the sustainability of the play-to-earn concept. In response to the struggling in-game economy, the developers behind Axie Infinity have formulated modifications aimed at revitalizing the game’s financial framework.

A pivotal alteration centers around the in-game Small Love Potions (SLP) tokens, with the game opting to distribute fewer of them as rewards. Additionally, the game will place a greater emphasis on rewards earned through online arena battles. These adjustments are set to be implemented in conjunction with the game’s 20th season, accessible on both mobile and PC platforms.

Presently, engaging with Axie Infinity necessitates players to acquire non-fungible token (NFT) assets referred to as Axies. Players typically begin by purchasing a minimum of three Axies, enabling them to partake in activities such as breeding and battling creatures, yielding token-based rewards.

The play-to-earn structure of Axie Infinity also gave rise to community-driven scholarship programs. These initiatives predominantly operated in less affluent nations, where holders of NFT assets leased out Axies to gamers, consequently receiving a portion of the token rewards. Notably, these scholarship programs significantly contributed to Axie Infinity’s resounding success in the previous year.

Nonetheless, the game’s once-thriving momentum underwent a stark reversal, leading to the game’s token, Small Love Potions (SLP), plummeting below $0.10 in value. This decrease significantly strained the scholarship guilds, impacting their operations.

Moreover, the game’s native token, AXS, witnessed a staggering decline of nearly 70% from its peak value. Correspondingly, the trading volume of its NFTs dwindled, dropping from $754 million in November to $301 million in December.

Compounding these challenges, data from Sky Mavis, the company behind Axie Infinity, reveals a notable reduction in concurrent players – declining from a peak of 2.7 million players in November to 2.2 million by the close of January.

GALA Games And The P2E Gaming Sector

In February, GALA Games experienced remarkable growth, with its value surging by 117%, defying criticism from mainstream sources. Despite challenges in the cryptocurrency and NFT markets, the play-to-earn (P2E) gaming sector demonstrated its resilience, with certain P2E games maintaining their economic systems amid the crypto market downturn.

GALA Games, a prominent player in the P2E sector, has been a standout success. GALA enables players to have control over P2E games, gameplay mechanics, and in-game assets through blockchain technology. According to data from Cointelegraph markets pro and Tradingview, GALA’s price increased by 117% from its low of $0.177 at the beginning of the month, reaching a peak of $0.384 on February 7th.

Several factors contributed to this substantial increase and recovery. The P2E gaming sector is experiencing steady growth, with numerous new projects being launched, including GALA’s support for upcoming titles like Spidertanks and Legends Reborn. The company’s expansion into new ventures and partnerships also boosted investor confidence. Gala Games partnered with the 888innercircle community on Twitter, which comprises over 205,000 members interested in NFTs and digital collectibles. Additionally, GALA teamed up with Betwixt, a mental health gaming application, with Gala committing $1 million in funding.

GALA’s dynamic ecosystem, characterized by innovative user approaches, played a significant role in attracting more users. The introduction of new avenues for earning yield through gameplay and running Gala nodes contributed to the steady growth in user numbers. As of February 7th, the number of GALA users had tripled to reach 122,230, a substantial increase compared to the count on November 7th. This impressive performance underscores the resilience and potential of both GALA Games and the broader P2E gaming sector.

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FAQ:

  1. NFT Games (Non-Fungible Token Games): NFT games are video games that integrate non-fungible tokens, unique digital assets that are stored on a blockchain. These tokens represent ownership and authenticity of in-game items, characters, or other assets. Players can buy, sell, and trade these NFTs, bringing a new dimension of ownership and value to the gaming experience.

  2. Play-to-Earn Games (P2E Games): Play-to-earn games are a genre where players can earn real-world value through in-game activities. This can include earning cryptocurrency, NFTs, or other digital assets by achieving specific milestones, completing tasks, or participating in the game’s economy. Players are essentially rewarded for their time and skill investment in the game.

  3. Crypto Games: Crypto games use blockchain technology and cryptocurrencies as an integral part of their gameplay mechanics. This can involve using crypto tokens for in-game transactions, as a form of in-game currency, or for other purposes within the gaming ecosystem. Crypto games often leverage the transparency and security provided by blockchain technology.

  4. Web3 Games: Web3 games are built on the principles of the decentralized web (Web3.0), utilizing blockchain and other decentralized technologies. These games often provide players with more control over their in-game assets, increased interoperability between different games and platforms, and a more open and transparent gaming environment.

  5. Blockchain Games: Blockchain games encompass any game that utilizes blockchain technology to enhance the gaming experience. This may involve the use of blockchain for asset ownership, secure transactions, and the creation of decentralized virtual economies. Blockchain games often promote player-driven economies and ownership of in-game assets through the use of blockchain technology.

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