The Web3 gaming awards event, the GAM3 Awards, hosted by Polkastarter Gaming, has announced 16 winners at a live event on December 15. According to an announcement shared with Cointelegraph, prize winners will share over $1M worth of prizes sponsored by companies such as Immutable X, Blockchain Game Alliance, Machinations, Ultra, Naavik, Galxe, Hacken, Venly, HackenProof, Shorooq, Elixir, Arcade, and MetaCon. congratulations to all the winners in our inaugural 2022 #GAM3Awards ✨ we can’t wait to see what’s in store for you, and the entire industry in 2023. for more information & a recap of the awards, visit ➡️ https://t.co/uK4Ymsc65d …

In the months following the announcement of my company’s first experimental title, Cyberstella, visits to my personal LinkedIn profile increased by an astonishing 300%. What does this tell us about the rising trend of anonymous developers popping up in every Web3 community to spam users with investment opportunities and then disappear from the face of the Earth? Well, it spells out trouble for anonymous crypto developers who think they can get away with never putting their face where the money is, so to speak. The fundamental principle behind crypto investing is a two-step process: Issue your project’s native token, leverage …

DOGAMÍ, an augmented reality mobile game involving nonfungible token (NFT) pet companions, has completed a $14 million seed funding round, according to a Dec. 12 press release provided to Cointelegraph. The Web3 mobile gaming company raised $7 million led by VC firm XAnge after initially securing $6 million from industry leaders in January 2022. DOGAMÍ, with community members in over 80+ countries, indicated that it has already sold 12,000 NFTs of dog avatars and 12,000 NFTs of canine accessories through a collaboration with omni-channel clothing retailer GAP. The company has also launched its first mobile application, "DOGA House", which allows …

While some gamers are against nonfungible token (NFT) integration for games, a large portion are willing to play if they are given opportunities to earn cryptocurrency, according to a recent survey. In an announcement, fintech firm Zeebedee published the results of a study that surveyed gamers based in the United States to measure their exposure to crypto and their sentiments toward blockchain gaming. The researchers found that 67% of the respondents are more likely to play free games if the games offered crypto rewards. Out of the survey participants, 45% believe that there are benefits in being able to trade …

Gaming retailer GameStop says it will no longer focus any efforts on cryptocurrencies, after amounting $94.7 million in net losses in the third quarter and laying off staff from its digital assets department. On a Dec. 7 earnings call GameStop CEO, Matt Furlong, said it “proactively minimized exposure to cryptocurrency” over the year and “does not currently hold a material balance of any token,” adding: “Although we continue to believe there is long-term potential for digital assets in the gaming world, we have not and will not risk meaningful stockholder capital in this space.” Earlier this year the company said …

In his 2017 book, What We Think about When We Think about Soccer, English philosopher Simon Critchley elucidates what it is about soccer that can give it such a hold over people. There are the social aspects, the sense that supporters share a heritage of moments lived through together. But more powerful than that, perhaps, is the way the experience of the game transforms the experience of the everyday. With the crown jewel of sporting competitions already heating up, blockchain network Transient is introducing a revolutionary approach to the traditional sportsbook. The Transient “Splash Sports” dApp, has replaced the bookmaker-based …

Porsche to launch 7,500 NFTs for use in a ‘virtual world’ German luxury car manufacturer Porsche has suggested it will be significantly ramping up its Web3 efforts after unveiling an upcoming NFT project consisting of 7,500 customizable tokenized vehicles. In a Nov. 29 announcement, Porsche stated that the NFTs will be launched in January, and users will be able to customize various aspects of the cars in relation to performance and appearance. The NFT art itself is being designed by designer and 3D artist Patrick Vogel, with all pieces revolving around the famous Porsche 911 model. Notably these virtual assets …

Blockchain gaming is only four years old — a toddler compared to the rest of the industry. It has a lot of growing up to do, particularly when it comes to play-to-earn games. I’m a 28-year game industry veteran. I’ve produced 32 titles in that period of time on everything from Sega Genesis to Oculus Rift. Some of them were great. Many were forgettable. I didn't hear much chatter about blockchain gaming from traditional developers and players until Axie Infinity began to take off. Cut to the peak of 2021, and the game had nearly 2 million players logging on …

Think back to the communities you’ve been genuinely excited to be a part of throughout your life. It’s likely these were groups formed on the basis of shared interests, right? That’s because we feel a sense of belonging when we bond with others over any particular thing we feel a particular way about. For example, I love games, and I never get tired of exploring or fostering communities where I can meet other gamers. That’s how I know that the current GameFi space is no breeding ground for gamers like myself and my enthusiastic peers: It’s a breeding ground for …

Web3 game publisher Fenix Games raised $150 million in funding to acquire, invest and distribute blockchain games. The fund will be used to create a game publishing company specifically for mainstreaming blockchain games. Fenix Games’ latest funding round saw participation from investors, including Phoenix Group and Dubai-based venture capital firm Cypher Capital, reported local news media Jinse. Chris Ko, CEO and co-founder of Fenix Games, who previously led Mythical Games, considers Fenix Games “like a VC fund” for fueling the next generation of blockchain games. Sharing details into the post-funding gameplan, Ko stated: “We’re actually going to start off with …

“The earth is a very small stage in a vast cosmic arena… Think of the rivers of blood spilled by all those generals and emperors so that, in glory and triumph, they could become the momentary masters of a fraction of a dot.” The quote above from Carl Sagan has been used by Metaverse Studios to set the stage for Angelic, its NFT-powered blockbuster Sci-Fi RPG. Beautifully crafted, the game—as presaged by the Sagan quote—asks players to see beyond their everyday conceptions of space and time. Given the current market upheaval, many in the NFT and crypto industries have had …

Over the last decade, mobile gaming has become a consequential pillar of the interactive entertainment market. Thanks to access to smartphones, users the world over have been brought into the sphere of hardcore gamers. Now, the emergence of blockchain technology is creating a paradigm shift, offering players the ability to both truly own the assets they earn or buy in-game and the capacity to generate tangible value from their time spent playing. There are many opportunities that this new model can offer, but today, most of the projects available simply don’t live up to their legacy counterparts. This has led …