P2E vs. M2E Games The key differences between P2E and M2E are the rewarding system and the revenue model. As you can tell, there are some differences between the P2E model and the M2E model. Both of them are so much more than virtual gaming, that’s for sure. P2E is expected to transform from a trend to a mature concept. The gaming industry is exciting, but it should not be forgotten that relaxation and community engagement should remain central. Real gamers care more about the game and the graphics than about the revenue model. M2E is also gaining momentum in …

Play-to-earn gaming was one of the breakout sectors of the cryptocurrency market in 2021 and the trend was led by Axie Infinity (AXS), a mobile, blockchain-based game where users collect, breed, raise and battle nonfungible tokens (NFTs) called Axies for monetary rewards. As the market topped and then entered what has become a deep bear market, AXS price retraced from an all-time high near $170 to its current price at $15.20 following several setbacks, including a $600 million hack of the Ronin sidechain that hosts the game. Currently, the future of P2E gaming remains in question and advocates are watching …

Japan is globally recognized as a derivative work powerhouse, with derivative works defined as creations like manga or illustrations written by individuals unrelated to the original creator. As a powerhouse, Japanese content supported by this work holds an important place in society, with secondary creation amounting to more than 10 billion yen. The unfortunate reality is that while an illustrator or other creator may share their works on social media, such as on a platform like Twitter, to boost their popularity, they will run the risk of their work being modified. Sometimes these efforts are malicious, resulting in work that …

Play-and-earn games have become a significant part of the crypto ecosystem in recent months — and they've even enabled some players to make a living. But some titles have been criticized for failing to offer compelling gameplay — with critics claiming that NFTs and financial incentives suck the fun out of games. Monster Racing League, a multiplayer racing game, is aiming to change this by delivering an engaging experience that wouldn't be out of place on a major console. With a demo game already available, interested players are able to experience this for themselves. By combining skill and strategy, players …

Axie Infinity (AXS) has dropped by roughly 90% after peaking out at $172 in November 2021. AXS’s sharp correction has made it one of the worst-performing digital assets among the top-ranking cryptocurrencies. Moreover, it could undergo further declines in the coming months, according to a mix of technical and fundamental catalysts listed below. Low player count dampens AXS demand To recap, AXS serves as a settlement token within Axie Infinity’s gaming ecosystem, allowing players to purchase native nonfungible tokens (NFTs), a flurry of digital pets called Axies. It also acts as a work token that players can spend to breed …

Play-to-earn has taken the world by storm — and now, financial incentives are being extended to fitness apps. A motivational fitness social application has been created that boasts GameFi elements — encouraging users to put on their NFT sneakers and enjoy the fresh air. AMAZY says its ambition is to get people to step away from their screens — and given how crypto enthusiasts tend to be heavy tech users, this can be no bad thing. The project's campaign is already getting momentum — and support from influencers, celebrities and bloggers alike. Collectively, these stars have a total audience of …

Solana-based move-to-earn application STEPN has reported multiple distributed denial-of-service (DDoS) attacks in the aftermath of the platform proceeding with a major anti-cheating upgrade. STEPN took to Twitter on June 5 to report that the platform had suffered a number of DDoS attacks that have caused recovery maintenance and associated improper performance. 1/2 We have been under multiple DDOS attacks in the past hours. Securing the servers and recovery may take anywhere from 1 to 12 hours. We recommend you take some rest during the maintenance or otherwise the work-outs may not be recorded properly. — STEPN | Public Beta Phase …

Following its initial foray into the nonfungible token (NFT) space with the Adidas for Prada re-source project in partnership with digital artist Zach Lieberman and SuperRare, iconic fashion brand Prada has now announced its first independent NFT collection accompanying the Prada Timecapsule. An online event hosted on the first Thursday of every month, Prada Timecapsule has, since December 2019, opened up exclusive access to clothing items on its website for 24 hours. Drop #30 in this series will be coupled with an NFT. According to Prada, the asset’s design will be “decorated with Cassius Hirst’s signature mask and brain scan …

A new survey has found that over 80% of people surveyed would be motivated to take up more physical exercise if they were paid in cryptocurrency for their efforts. The survey, which was conducted by fitness website FitRated, asked 1,001 Americans for their thoughts on blockchain-related fitness technology. The survey found that a staggering 40% of people surveyed would be willing to cancel their current physical gym membership for one in the Metaverse. 81% of respondents would be more motivated to stay fit if they were incentivized by cryptocurrency payments. Previously, a study conducted by the National Bureau of Economic …

After decentralized finance (DeFi) and nonfungible tokens (NFTs) made headlines last year, the play-to-earn concept has also been gaining momentum across the crypto community. Play-to-earn games allow players worldwide to benefit from the security and decentralization features of blockchain by getting rewarded with digital currencies or NFTs. There are many gaming companies adopting the play-to-earn approach, but one blockchain gaming company brings this model to the horror genre. FEAR, a horror ecosystem founded by Jonathan and Patrick Carey, is providing horror fans with a scary ecosystem of games, NFTs, and a dark metaverse. Horror is one of the most-watched gaming …

Web3 gaming and entertainment company Metatheory founded by Twitch co-founder Kevin Lin has raised $24 million in a Series A funding round on Monday. The round was led by crypto capital venture firm Andreessen Horowitz (a16z), with participation from Pantera Capital, the venture arm of the FTX cryptocurrency exchange, FTX Ventures, and other venture firms, according to the announcement. Metatheory was launched in November 2021 around one year after Lin left Twitch, where he wrote in a Medium article at the time that he was creating the gaming company and also a blockchain game called DuskBreakers. Lin was quoted in …

Axie Infinity turned its game into a billion-dollar economy that helped thousands of players in the Philippines and other low-income countries to weather the fallout from pandemic mitigation measures. The main ingredient for success: strong property rights. Players can take in-game material out of the game and trade on third-party marketplaces like OpenSea. The freedom to set prices and to easily trade unlocked a veritable tsunami of economic activity in and outside of the game. The 30-page report from Cointelegraph Research analyzes the top five titles and what changed since the days of Second Life and is produced in partnership …