Blockchain Game Financial News

12.09 / 15:29

Blockchain Gaming Metaverse Blockchain Game Metaverse project avoids Web3 frenzy to redefine AAA digital landscape

Web3 projects are the talk of the current digital scene, with thousands of new companies coming to life every day in an attempt to ride out this global wave with their own product releases. Unfortunately, reality has shown most of these offerings do not provide any tangible value to their players or user bases. Instead, they rely on superficial hype of cryptocurrencies, nonfungible tokens (NFTs) and related buzzwords, a seemingly unnatural method to pursue user growth. At present, these efforts result in short-term successes and unsustainable growth.

02.09 / 20:17

Blockchain Adoption Gaming Blockchain Game Gaming makes up over half of blockchain industry usage, DappRadar

New data from DappRadar suggests that gaming remains a vital organ to the blockchain industry. According to the report, the gaming sector accounts for approximately 50.51% of industry usage month-over-month (MoM), as per August numbers.

19.08 / 06:53

business Blockchain Blockchain Game Fortnite developer supports Animoca subsidiary's blockchain racing game

Australian indie game developer Grease Monkey Games, a subsidiary of Animoca Brands, has received received financial support from video-game giant Epic Games to develop a new blockchain-based motorsport game Torque Drift 2

09.08 / 17:55

Blockchain NFT defi Blockchain Game 1inch plugs into Klaytn as Asia continues to climb aboard

South Korea's most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network.

21.07 / 09:29

Adoption NFT Gaming Blockchain Game Delphi Digital: How to get gamers to accept the integration of NFTs

Crypto research firm Delphi Digital has outlined possible ways in which gamers may accept nonfungible tokens (NFTs) as part of their gameplay experience, such as using the tech for additional aspects that don’t impact the core experience.

11.07 / 09:41

NFT Gaming Crypto Collectibles Blockchain Game Volumes surge 205% in Axie revival as co-founder claims project is 'healing'

Play-to-earn (P2E) Metaverse game Axie Infinity appears to be on the mend, with its NFT sales volume pumping 205% over the past seven days.

08.06 / 04:21

NFT defi Gaming Blockchain Game gas fees Illuvium dutch $72M Illuvium NFT Land Dutch auction saves buyers thousands on gas fees

Open-world blockchain game Illuvium managed to keep the average transaction fee for its nonfungible token (NFT) Land at about $20 by holding the Dutch auction on the Illuvium X Layer-2 scaling solution.

02.06 / 02:01

cryptocurrency NFT CRYPTONEWS Blockchain Game Immutable Immutable X PlanetQuest & Immutable X Launch the World’s First, Community Friendly, NFT Planet Sale

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

24.05 / 16:21

NFT Altcoin Gaming Blockchain Game Game on: Yield Guild Games scholarships on the rise through Q1

Yield Guild Games (YGG) has released its Community Update for Q1 2022, revealing that total scholarships rose 39% overall as the guild continues to farm copious amounts of the Axie breeding Smooth Love Potion (SLP) token.

19.05 / 19:19

Adoption NFT Blockchain Game How will GameFi and P2E blockchain gaming evolve in 2022? Report

Crypto gaming has grown in popularity as more players collect and trade digital assets, generating a dependable income for game developers and creating value for players. In a recently published report, Cointelegraph Research shows how Axie Infinity gamers in the Philippines were able to earn their regular monthly salary in 2020 simply by playing the game, at a time when measures to prevent the spread of the COVID-19 pandemic brought economic hardship to the country.

16.05 / 08:43

Blockchain NFT Gaming Blockchain Game Square Enix plans to issue tokens and invest heavily in Web3 gaming

Gaming giant Square Enix has revealed in its Q1 earnings report that it will expand nonfungible tokens (NFT) into more game products as part of its medium-term business strategy in 2022.

04.05 / 19:21

Adoption Altcoin Cointelegraph Consulting Blockchain Game How blockchain games create entire economies on top of their gameplay: Report

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.

20.04 / 20:21

Blockchain Adoption Blockchain Game Blockchain games are leading the dapp industry, says latest DappRadar report

Market tracker DappRadar and the Blockchain Game Alliance, or BGA, published the Blockchain Games Report for Q1 2022 on Wednesday. After citing that $720 million was invested into blockchain games and infrastructures in February in a previous report, the latest number for total Q1 investment is $2.5 billion. VCs and other investors raised $4 billion in 2021.

26.02 / 08:07

Blockchain Metaverse Blockchain Game play vEmpire DDAO launches blockchain-based play-to-earn game

vEmpire DDAO has launched a blockchain-based play-to-earn (P2E) trading card game 'The Beginning'. vEmpire aims at enabling gamers to strategically battle against each other for rewards in the DDAO. vEmpire DDAO is the largest decentralized Metaverse investment organization. A Decentralized Autonomous Organization (DAO) is a community-led entity with no central authority. It is fully autonomous and transparent with smart contracts laying the foundational rules.

21.02 / 17:15

Blockchain Gaming play-to-earn Blockchain Game FTX.US job posting reveals blockchain gaming unit in the works

FTX.US, the American arm of the global crypto derivative and spot exchange FTX, seems to be launching a new blockchain gaming unit.

29.12 / 08:31

NFT regulation Mobile Games Blockchain Game Korean government tells Apple and Google stores to take down P2E games

The South Korean government has moved to block the release of new play to earn (P2E) games and requested that existing ones be removed from Google Play and Apple’s App Store.

03.12 / 23:35

NFT Blockchain Game Edward Snowden says gamers could be vulnerable to exploitation using NFTs

National Security Agency whistleblower Edward Snowden said he was concerned with how some privileged individuals or firms in the digital space might be able to use nonfungible tokens, or NFTs, in the gaming industry.

25.11 / 05:05

NFT Scams Blockchain Game Drop Animoca to repay users 265 ETH stolen in fake NFT drop Discord hack

Hong Kong-based gaming and venture capital company Animoca Brands and subsidiary Blowfish Studios have promised users that they will repay 265 ETH (US$1.1 million) stolen in a fraudulent nonfungible token (NFT) sale on D`iscord.

22.11 / 08:23

Adoption NFT Blockchain Game Illuvium RPG adventure game Illuvium boosted by $2M gaming guild fundraise

Polemos, a play-to-earn (P2E) gaming guild specialized in NFT games, has raised $2 million in a strategic funding round to focus on its open-world role-playing game.

17.11 / 23:47

business NFT Blockchain Game Xbox head Phil Spencer is skeptical about NFTs in video games

Phil Spencer, Microsoft’s head of gaming, commented on his skepticism towards nonfungible tokens, or NFTs, in an interview with Axios:

05.11 / 17:36

business Funding Blockchain Game Solana Ventures, Lightspeed Venture Partners and FTX launch $100M gaming fund

Some of blockchain’s biggest venture firms have spearheaded a new investment fund dedicated to Web 3 gaming, also known as GameFi, potentially opening the door to a highly lucrative industry that sees cryptocurrency and blockchain merging with the traditional gaming sector.

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