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Solana, Lightspeed, FTX Announce Fund

Best P2E Game List 2024
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Solana, Lightspeed, FTX Announce Fund

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Blockchain Gaming Fund focused on investing in blockchain gaming studios, tech and projects.

Solana Ventures, Lightspeed Venture Partners and cryptocurrency exchange FTX today announced a new $100 million investment initiative focused on investing in blockchain gaming studios, tech and projects.

Blockchain Gaming Fund
Blockchain Gaming Fund

The intersection of gaming and blockchain technology has permitted developers to allow gamers to own their own virtual items using nonfungible tokens, which are a type of cryptographic digital asset that links ownership to a record on a blockchain.

That’s creating a growing ecosystem for hyper-social games with player-driven economies where players can earn, buy, sell and trade their own in-game items.

“Gaming has a massive opportunity to bring the next billion users to web3,” said Amy Wu, partner at Lightspeed Venture Partners. “High-performance blockchains like Solana are now capable of delivering the kind of web2 experiences gamers expect while providing the advantages of decentralized web3 systems.”

Blockchain Gaming Fund
Blockchain Gaming Fund

Lightspeed has invested more than $300 million in a large number of gaming and crypto companies, including Epic Games, 1047 Games, TripleDot Studios, Faraway Games, FTX, Offchain Labs, Alchemy, and Wintermute.

Blockchain Gaming Fund

The first investment from this initiative is Faraway Games, which announced a $21 million Series A round on Thursday. Faraway’s browser-based flagship title “Mini Royale: Nations,” a competitive shooter meets strategy game, is already live and is set to integrate with the Solana blockchain this December. As such, it will also be compatible with FTXPay and Solana NFTs, becoming the first multiplayer title to do so.

“Blockchain technology will unlock the potential for truly player-driven, open economies and will usher in the next wave of gaming and virtual worlds,” said Faraway Chief Executive Alex Paley. “Our goal for both current and future games is to create extremely fun and social games with open economies.”

Although much of the NFT market is dominated by collectibles bought and sold on marketplaces such as Rarible and OpenSea, blockchain gaming is beginning to make major inroads. For example, Axie Infinity, a monster battle and breeding game, has risen to over 360,000 concurrent players and according to its own marketplace data, traded a total volume of over $624 million in NFTs in the past month.

Blockchain Gaming Fund
Blockchain Gaming Fund

In mid-October Valve Corp. officially banned NFT and cryptocurrency games from its Steam platform, one of the largest digital distribution platforms in the world. In response to Valve’s move, Epic Games said that it would remain “open” to the idea of blockchain-based games on its own Epic Games Store.

Other major traditional game developers have begun eyeing blockchain gaming and NFTs as well, such as Ubisoft Entertainment SA, which hinted at developing “pay-to-earn” blockchain games during its last earnings call. And Electronic Arts Inc. Chief Executive Andrew Wilson said NFTs could be the “future of our industry,” and that EA needed to figure out how they work during his company’s earnings call.

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Looking for the best play-to-earn games? Look no further than our video game review site. Our large collection of P2E games has been looked over and has all the information you need. From genre and game platform to tokens, whitepapers, and Discord and Twitter social media links, we have it all. In addition, we offer game trailers for each game, as well as game videos where we provide in-depth reviews. We pride ourselves on being up-to-date, and offer daily updates on the latest news in the world of video gaming. You’ll find everything you need to stay informed about your favorite play-to-earn, blockchain, NFT, crypto, P2E, Web3, or metaverse games.

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Solana, Lightspeed, FTX Announce Fund

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Olympic Games Jam: Beijing 2022 – Game Review

Olympic Games Jam: Beijing 2022 is a P2E mobile game where players compete in chaotic mini-games for NFT pins to bring back the excitement of the Winter Games. Olympic Games Jam: Beijing 2022 is the official play-to-earn mobile game for the Winter Olympics. Get ready to dive into its exciting world. People were looking forward to this game, which was made by nWayPlay in partnership with the International Olympic Committee. Its fun gameplay and new features are meant to keep players interested. By putting their Olympic NFTs on the Flow blockchain, the Animoca Brands-owned studio has once again pushed the limits of NFTs. They promise a truly unique and rewarding way to play games.

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Farming Tales – Game Review

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Best P2E Games list 2024

Solana, Lightspeed, FTX Announce Fund

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.

Best P2E Games List

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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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