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Blockchain Games and Web 3.0 News

Blockchain Games and Web 3.0 News

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Welcome to the weekly roundup of crypto exchanges. A lot has happened. Let’s have a look at the top stories of this week:

  • Microsoft invests in Korean blockchain game
  • Square Enix financial report and projection of blockchain technology
  • NCSoft invests in Mysten Labs to develop Web3 gaming infrastructure
  • FIFA takes the leap toward blockchain games
  • Mythical Games cuts down on its staff

Crypto is one of the few industries in this world that faces regular crises and gets jolted every now and then. This week we saw the bankruptcy of one of the most prominent players in the crypto industry, FTX. However, we also saw that cryptocurrencies have made rebounds this week as they did during previous recessions. So, the crypto industry is still holding on and avoiding washouts, meaning they are only getting stronger. Bitcoin stands tall as peer to peer electronic transaction without any financial intermediation. And, Ethereum remains the standout protocol to build decentralized applications.

Microsoft Invest in Web3.0

We will identify the trend in crypto and blockchain gaming in the weeks to come after FTX’s bankruptcy. However, the previous week saw Microsoft investing in Korean blockchain gaming company WeMade, the proud developer behind the popular MMO game series Mir. WeMade’s newest venture is in the blockchain in blockchain mainnet called Wemix 3.0. The platform will deploy a blockchain network and allow cryptocurrency transactions to be verified and recorded on the blockchain. Moreover, the company also has an NFT auction site allowing NFTs and DAOs. Besides, WeMade newest title Mir4 is arguably the world’s first AAA blockbuster blockchain game. It is not known how much Microsoft invested in the total fund of the $46 million investment round.

Square Enix’s Eyes Web3.0 and Blockchain Games

In other news, Square Enix’s financial results show an overall revenue fall despite Final Fantasy 14’s rise in sales. However, the report shows Square Enix’s focus on the new domain of blockchain with blockchain games and entertainment as its medium-term strategy. The company also unveiled its first NFT IP, Symbiogenesis, launching its first sale of NFT collectibles. The report also shared further plans with Shi-San-Sei Million Arthur NFTs, investments in the Bitcoin platform Zebedee, investment in Blocklords, Cross The Ages, Animoca Brands, and the Sandbox.

Symbiogenesis: Square Enix Announces it's First Ever Ethereum-Based NFT Game
Symbiogenesis: Square Enix Announces it’s First Ever Ethereum-Based NFT Game

South Korean Giant NCSoft Invests in Web3.0 Company

The blockchain gaming industry continues to thrive and gain investments, especially from Asian companies.NCSoft, South Korea’s gaming giant made $15 million worth of investment in Mysten Labs of the previously announced $300 million funding round. Mysten Labs’ ongoing project is Layer 1 blockchain development which will serve as infrastructure for Web3 games. The company emerged in 2021 and launched its first project, Sui, a decentralized proof of stake blockchain. Its recent $300 million fundraising was led by FTX Ventures, other notable participants were Jump Crypto, Apollo, Sino Global, Dentsu Ventures, and Coinbase Ventures.

FIFA Launches 4 Web3.0 Blockchain Games

Finally, FIFA parting ways with EA led to its entry into the blockchain gaming space for the very first time. The organization will start with 4 Web 3.0 games that will coincide with the FIFA World Cup 2022. The first game among the lot is AI League: FIFA World Cup Qatar 2022 Edition. The developer behind the game is Altered State Machine. The game is a 4-on-4 casual football game where AI will compete and players will have an input in between. Moreover, the players will earn four unique collectibles in AI-controlled players. 

The second game is FIFA World Cup 2022 in the Upland Metaverse. This project is a collaboration between FIFA and Upland. Upland is a blockchain-based metaverse with virtual land assets providing full ownership to players. 

FIFA Upland Web 3.0

The third game is FIFA World Cup Qatar 2022 on Phygtl. Phygtl is a fan engagement mobile application.

The fourth and final FIFA game on the blockchain is Matchday Challenge: FIFA World Cup Qatar 2022 Edition. It is a social prediction game based on football cards. It will be interesting to see how football game fans around the world take FIFA’s new ventures in Web3 gaming.

Blockchain Gaming Developer Mythical Games Lays Off Staff

Finally, we have Mythical Games, a blockchain game developer, going after cost-cutting leading to the laying off of 10% of its employees. The company is valued at more than $270 million in venture capital, previously the company was valued at $1.25 billion. The reason given by the company behind the recent firing was the economic downturn. The company’s leading project in blockchain gaming is Blankos Block Party which is suffering from a low daily active user count leading to difficulty finding games for online players. is a website where we keep an overview of all games in the genres of P2E, NFT, Crypto, Web3, and Blockchain games. Check out our games page or find a “play-to-earn” games list here. More information about W3 Play can be found on our about us page. Our news is daily updated on all video games and game developers.

Blockchain Games and Web 3.0 News

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

Trial Xtreme Freedom – Game Review

Trial Xtreme Freedom is blockchain-based, compete-to-win, and World’s first Web3-powered, decentralized competitive gaming ecosystem. Experience the ultimate dirt bike racing adventure with Trial Xtreme Freedom. A mobile game that combines high-speed competition with the world of non-fungible tokens (NFTs). The closed alpha launch offers players an opportunity to delve into a decentralized ecosystem where skill-based PvP races and NFT ownership converge. Get ready to embrace the freedom of extreme racing!

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Metagear – Game Review

Metagear is a play-to-earn game that combines the excitement of cyber sports with the thrill of car collisions, offering players the chance to earn rewards as they compete in high-energy matches. Developed by Rocket Studio, a subsidiary of Onesoft, in collaboration with Onepad technology, Metagear is the world’s first pixel-based blockchain combat game. In Metagear, players can customize their cartoon characters and vehicles with accessories purchased from the in-game marketplace. The game is available on PC, Android, and iOS platforms, so players can enjoy it on their preferred device and take the action with them wherever they go. With its 2D animation and engaging gameplay, Metagear is a fun and immersive game that is sure to keep you entertained for hours. Join the ranks of devoted fans and experience the excitement of Metagear today. Metagear Gameplay: Metagear provides players with three default drivers at the start of the game, with the option to add more drivers with unique appearances and features as they progress. To participate in battles, players will need to purchase vehicle parts such as Chassis, Gadget, Wheels, and Weapons, which can be upgraded and traded on the non-fungible token (NFT) marketplace. With immersive gameplay and customizable characters and vehicles, Metagear is a must-play for fans of cyber sports and car collision games. Metagear offers a variety of gameplay options with four battle modes to choose from, including Quickfight (player versus player), Campaign Mode, Tournament, and Guild-building. The game is developed using BSC technology, which ensures the safety and security of the tokenomics. Players can enjoy immersive and exciting gameplay in a variety of modes and have peace of mind knowing that their progress and collectibles are secure. In Metagear, GEAR is the governance coin that can be used to participate in the campaign mode and purchase accessories for vehicles and characters. As players progress through the game and earn rewards, they can use their GEAR to enhance their gameplay experience and customize their characters and vehicles to their liking.

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Proxi – Game Review

Proxi is a groundbreaking new game from Will Wright, the developer behind popular titles like Sims, SimCity, and Spores. In Proxi, players can create 3D representations of their memories and explore them in a fully immersive gaming environment. Whether you’re looking to relive past experiences or simply want to explore a new and unique world, Proxi has something for everyone. With its innovative gameplay and world-class developer at the helm, Proxi is sure to be a hit in the WEB3 gaming industry. Proxi is a play-to-earn, metaverse building game developed by Gallium Studios. It is an artificial intelligence (AI) game that allows players to build and explore their pivotal memories of life. By using keywords to define these memories and placing them on a roadmap from beginning to end, players can help the AI create a model of their personality, consciousness, and thought process. In Proxi, players will have the opportunity to build and customize their own unique world, filled with the memories that define who they are. Whether you’re looking to relive the past or simply want to engage with a cutting-edge AI, Proxi has something for everyone. With its innovative gameplay and immersive world-building experience, Proxi is a must-play for fans of building games and AI alike.

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Heroes of NFT: Turn-Based Collectible Card Game on Avalanche

“Heroes of NFT” is an innovative trading card game hosted on the Avalanche-AVAX blockchain, offering players a strategic and collectible card gaming experience. The game sets itself apart by emphasizing planning and strategy over luck, introducing unique in-game elements like spell cards, weapons, and cosmetics to enhance hero power and customization. These in-game items can also be traded on a marketplace, contributing to the in-game economy. The game employs play-to-earn mechanics, allowing players to earn rewards and actively participate in shaping the game’s direction through governance tokens (HON). Additionally, HRM tokens and spell cards can be earned through gameplay, creating a dynamic community and in-game economy. Stakers can also profit from character NFTs with HON tokens, adding engagement beyond traditional gaming. In “Heroes of NFT,” players are presented with a multifaceted gaming experience. They are driven by play-to-earn mechanics to lead their heroes in missions for survival and prosperity in a new world. The game operates on a turn-based collectible trading card system, with strategic thinking at its core. Players construct decks of 10 cards, with HoN cards appearing prominently. These decks can be used in battles against other players or AI bots. The cards are divided into two types: attack and defense, with rarity levels ranging from common to legendary. The power of these cards is denoted by sword and shield icons, respectively. Moreover, the game commits to reinvesting up to 80% of NFT card revenue back into its ecosystem tokens post-launch, promoting sustainability.

Tokenomics play a vital role in the “Heroes of NFT” ecosystem. The game operates as a self-contained economy, with interdependence between NFT assets, $HON tokens, and $HRM tokens. $HON, an Avalanche Native cross-chain token, serves as the primary trading currency in the marketplace, facilitates governance, provides access to ranked games, enables staking for NFT item cards, and fuels farming incentives. On the other hand, $HRM tokens come in three variants and are used for in-game items, including one-time-use spell cards, ensuring a continuous supply. The equilibrium of this ecosystem relies on the harmonious interaction of these essential components.

The community’s response to “Heroes of NFT” has been largely positive, with players recognizing its potential as a strategy game and expressing interest in investing. However, some players have raised concerns about the cost of entry, with one user noting that it would cost them $281 just to start playing the game. Despite these concerns, the $HON token has garnered significant enthusiasm within the community.

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Best P2E Games list 2024

Blockchain Games and Web 3.0 News

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

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.