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 …

Celebrities facing huge losses from BAYC NFTs The hype behind the Bored Ape Yacht Club (BAYC) over the last year resulted in many celebrities investing in the Ethereum-based nonfungible token (NFT) collection with many, such as singer Justin Bieber, paying top dollar. Bieber paid 500 Ether (ETH) for BAYC #3001 on Jan. 29, which at the time was valued at around $1.28 million, while the current top offer on the NFT cracks just over $69,500. According to data from NFT Price Floor, the floor price for the collection has fallen considerably since it peaked at 144.9 ETH on May. 1 …

In the rapidly expanding world of NFT gaming, new projects are racing to redefine what can be done both within the games themselves and in the broader economic ecosystem in which these games exist. One new project, Tachyon Domination, has moved the arena to space, inviting users to compete with each other for galactic supremacy while offering numerous opportunities to earn on their efforts. Tachyon Domination has taken a somewhat unusual approach to blockchain gaming. Rather than requiring players to purchase access to the game via NFTs or tokens, the game is free-to-play. Players are transported some 300 years into …

Professional esports organization Team SoloMid (TSM) (previously TSM FTX) has suspended its $210 million sponsorship deal with the now-bankrupt FTX crypto exchange “effective immediately” following the cryptocurrency trading platform’s shock collapse last week. The United-States-based esports organization made the announcement in a Nov. 16 tweet to its 2.2 million followers, adding that the decision was made after “monitoring the evolving situation and discussing internally.” We've suspended our partnership with FTX effective immediately. pic.twitter.com/u8vQSWnAbX — TSM (@TSM) November 16, 2022 The $210 million deal was put to paper in Jun. 2021, which resulted in the renaming of TSM to TSM FTX. …

When I worked for Riot Games as its head of player acquisition in the European Union, I learned about player onboarding and long-term retention. Both are crucial to the success of gamer acquisition. I’ve seen the mechanics of user retention in gaming, and what I’ve learned is that most cryptocurrency games today lack the mechanics to keep players interested for even a short period of time. Why haven’t more top-tier games introduced real-world rewards into their games? These are the titles where 99.9% of gamers are not professional esports athletes and enjoy no monetary rewards for the thousands of hours …

The GameFi industry is set to unleash its massive potential within the next six years. According to Absolute Reports data, its estimated value will grow to $2.8 billion by 2028, with a compound annual growth rate of 20.4% in the same period.It’s a quieter perhaps less scandalous branch compared to the more newsworthy centralized finance (CeFi) and decentralized finance (DeFi) spaces, but this hasn’t impacted its force nor its promise. Even in the depth of crypto winter — read: a bear crypto market — blockchain-based games have continued to register a steady uptick in daily active users and transactions month …

Learning by doing is a powerful yet simple educational concept: the best way to discover how something works is by giving it a try. PetaRush — a racing game featuring NFT characters — is positioning itself as a shining example of how this can work in practice. Designed to be friendly and welcoming to Web3 beginners, this game can be enjoyed even if players don't have a crypto wallet or understand how blockchain works. PetaRush also wants to reach people who have never owned an NFT before — giving them a chance to log in for free and experience the …

Traditional ideas about gaming, coming from both the firms developing the games and the players themselves, could slow down adoption of Web3 games, according to WAX co-founder and CEO William Quigley. Speaking to Cointelegraph at a Web Summit panel in Portugal on Nov. 3, Quigley said “trying to build a video game using a blockchain is a pain in the ass,” clarifying that many of the products on the market are based on browsers but utilize in-game digital assets on the blockchain. The WAX CEO added that nonfungible tokens, or NFTs, had given independent developers an edge in gaming, allowing …

Nonfungible token (NFT) gaming is getting a face lift. A new collaboration between Laguna Games, a Web3 R&D entertainment developer, and Lens Protocol allows players to connect across multiple gaming experiences. These new decentralized gaming IDs will allow players to connect their profiles across Crypto Unicorn’s web and mobile NFT gaming platforms. The Lens integration is binder which takes profiles on its network and connects them with the avatar system behind Crypto Unicorns. This opens up new avenues for logging into games, accessing leaderboards, along with benefits and rewards in the ecosystem. Aron Beierschmitt, the CEO and co-founder of Laguna …

In this week’s newsletter, read about how NBA superstar Stephen Curry filed a trademark application for his own metaverse, the Curryverse, where users play-to-earn nonfungible tokens (NFTs). Check out why TV streaming providers should start to incorporate NFTs into their programming. In other news, find out how an NFT vending machine made digital art more accessible at a London event. Last but not least, Nifty News highlighted NFT markets that are scrapping royalties and the launch of GameStop’s new NFT marketplace. Steph Curry files trademark for the Curryverse, where players earn NFTs National Basketball League (NBA) megastar Stephen Curry filed …

Monetizing Web3 projects requires a look beyond technical updates —a new team of experienced advisors helps businesses get off Web3 on the right foot. From NFT profile images on Twitter to the major rebranding of Facebook to Meta, the pioneers of the corporate world are adopting Web3 at a mind-bending speed —and it’s not a futile effort. Analysts predict an $81.5 billion market for Web3 by 2030, and the business world has no intention to lag behind. Sports, luxury, music and other industries also want to chip in, but keeping pace with such a fast-growing and tech-heavy trend proves a …

The play-to-earn boom has left many blockchain games on the scrapheap because they relied upon unrealistic tokenomics. Here, Angelic's Founder and CEO Erkan Bayol explains why, despite all of this, NFTs have huge potential in the world of gaming — as long as they're added in the right way. 1. What are AAA games — and how can NFTs make them better? AAA games are the pinnacle of the entertainment industry — bringing art, technology and literacy together. They're the gaming equivalent of the biggest blockbuster movies in Hollywood — and better still, they're interactable. NFTs and blockchain technology enhance …