GameFi News #5 by Kayros Games
Fun games (alone) won’t solve Web3 gaming
The motivation for playing and the definition of winning, which create the feeling that we call ‘fun’, is not the same as a typical web2 game. Web3 games are inherently financialized from the start. (link)
ImmutableX adds 15 blockchain games to its Web3 platform
Immutable created the ImmutableX Layer 2 scaling solution on Ethereum and announced that big Web3 projects are either launching or migrating to its platform. As a Layer 2 solution, ImmutableX can lower the costs and speed up the transactions on the Ethereum blockchain network, according to the Company. (link)
AAA GameFi MMORPG Bless Global's very first batch of Mystery Box, Whispering Barren soon will be on sale!
Bless Global's first batch of desert-themed Mystery Box "Whispering Barren" soon will be on sale! Receive two random NFTs by purchasing Mystery Box "Whispering Barren": High art quality Postcard and VIP PASS. (link)
Budblockz ventures into P2E gaming. Can it challenge Axie Infinity?
BudBlockz’s P2E game was built on top of the Ethereum blockchain. The idea behind its P2E game was to have a common ground where the community could come together and have fun. (link)
Microsoft and Meta partner to deliver immersive experiences for the future of work and play
It’s a surprise partnership that will see Microsoft and Meta combine their strengths. Microsoft sees an opportunity to bring Teams and its other productivity experiences to a capable VR headset, and Meta gets a key partner in its grand metaverse plan. (link)
Disney is diving into Web3 and the metaverse: Here's what that means
A recent job posting hints that Disney is betting that the metaverse, NFTs, and blockchain technology will become a new opportunity for the company to grow. You will see these terms collectively referred to as Web 3.0 (link)
Pakistan enters the metaverse. Country’s first mega Web3 project; The Cloud City Metaverse is coming
NARSUN Studios, Pakistan’s largest Unreal Engine gaming studio is announcing the first-ever metaverse in Pakistan - The Cloud City Metaverse (TCCM) and the entire world’s eyes are on it. This marks Pakistan’s first giant step towards Web3 and an opportunity for bringing trailblazing business into the country. (link)
The Girles token presale raised over $1 million – What to expect?
Girles Token is a decentralized NFT GameFi token created on the Ethereum platform that also has a Proof-of-Staking protocol. The Girles Token is the main product in the Girles Metaverse, which has applications in over 15 different products. (link)
Blockchain gaming and metaverse initiatives raised $1.3 billion In Q3 2022
Blockchain gaming and metaverse projects raised an astonishing $1.3 billion in Q3 of 2022, the latest BGA Games Report for Q3 2022 by DappRadar reveals. Web 3.0 games continue to be a “driving force for the dapp business despite the challenging market conditions”. (link)
Market Data & Reports
Play-to-Own: A Web3 gaming thesis
Video Games have evolved tremendously ever since the first labels were shipped to the open market in the 1970s. From the release of pay-to-play single-class titles for the console and PC to freemium mobile games in the last decade, the gaming experience and business models have transformed in line with technological advances. Today, the gaming market is worth over $300B with an expectation of a 12% annual growth rate from 2022 to 2028. (link)
DappRadar x BGA Games report – Q3 2022
Despite the harsh market conditions, Web3 games continue to be a driving force for the dapp industry. In Q3, gaming activity accounted for almost half of all blockchain activity tracked by DappRadar across 50 networks, with 912,000 daily Unique Active Wallets (UAW) interacting with games’ smart contracts in September. (link)
Flowstate Games unveils Web3 arcade game Smash Stars: Thunderdome and $2M funding
Smash Stars: Thunderdome is now gearing up for an alpha test launch in the first quarter of 2023
Users can purchase vehicles as NFTs or put attachments on the car to make it more capable
To implement the Web3 tech, Flowstate Games partnered with Immutable X, a game-focused Layer 2 NFT scaling solution on Ethereum
Play Ventures Future Fund led the pre-seed round with additional participation from Equilibrium, Elite Game Developers’ founder Joakim Achrén, and his syndicate of angel investors. (link)
Formula One files 8 trademarks for ‘F1’ covering a wide range of cryptocurrency and metaverse products
Formula One filed eight trademark applications with the United States Patent and Trademark Office (USPTO) on Oct. 5 indicating its plans involving a wide range of cryptocurrency, non-fungible tokens (NFT), and metaverse products and services. (link)
Google partners with Coinbase to accept crypto payments for cloud services
Google will start accepting crypto payments for cloud services early next year. Crypto payments will initially be rolled out to a handful of customers involved in the Web3 industry. Google will also use Coinbase's custody service, Coinbase Prime. (link)
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