Gaming Financial News

With cryptocurrency markets continuing to see positive momentum, analysts are watching Rollbit Coin (RLB), Theta Network (THETA), Neo (NEO), Bitcoin Minetrix (BTCMTX), and Meme Kombat (MK) as potential prospects for the best crypto to buy now.

Investing in Web3 gaming has required a greater level of due diligence through a testing cryptocurrency bear market, according to Animoca Brands CEO Robby Yung.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________

Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups.

What’s a better way than combining the world’s most popular sports with Web2’s most socialized aspects to introduce new users to Web3 through gaming? Association football, or soccer, boasts the largest fan base among sports enthusiasts, with over 3.5 billion estimated people rooting for their favorite teams. Built mainly for football fans, the fantasy sports industry, a vast network of virtual sports leagues where users can create their own teams, has also grown to become a $25 billion global market.

Web3 gaming developer Neon Machine raised $20 million in series A funding toward the development of its highly-anticipated extraction shooter “Shrapnel.” 

From Oct. 9–20, Immutable invited playtesters to try out an early demo of its upcoming mobile game, Guild of Guardians.

A Web3 gaming giant has launched its first mobile-first RPG battler, where players can collect over 100 unique Champions and use them in strategic, fast-paced fights.

Quantum mechanics tells us that what looks like a highly predictable and orderly universe is built on a world of unpredictability and mere probability. While the quantum world looks bizarre, it can be understood and even harnessed for technology like semiconductors, LEDs, and quantum cryptography. Something similar can be said about randomness in the metaverse. What looks like a system built on random values produced by random number generators (RNGs) is, in fact, based on programs with a method behind them that can be understood — for good or ill.

Japanese game publisher Bandai Namco has suspended downloads of its recently launched Gundam Metaverse amid rumors of a major leak.

It’s been a challenging quarter for crypto, Binance has confirmed in its Q3 market pulse report. The market was down in many sectors, the report found, although the entry of institutional players such as Deutsche Bank, Sony and PayPal helped offset some of the pain. 

Web3 ecosystem for gaming Worldwide Asset Exchange (WAX) announced that its blockchain-based, wrestling-themed non-fungible token (NFT) game Brawlers has launched on the major digital distribution platform Epic Games Store (EGS) — becoming available to more than 230 million PC gamers worldwide.

Blockchain gaming is going from strength to strength — underpinned by the explosion of nonfungible tokens, which continue to achieve mainstream adoption. The FRUITS Eco-Blockchain Project is building on this momentum by allowing NFTs to be redeemed for a coveted, real-world object: a physical golden egg.

Yuga Labs, the company behind the major nonfungible token (NFT) project Bored Ape Yacht Club (BAYC), has completed restructuring amid the ongoing challenges in the industry.

The Web3 game Mars4, which allows players to explore the surface of Mars, has unveiled two new exclusive rovers inspired by Tesla's Cybertrucks.

The recent Q3 2023 fundraising figure for Web3 gaming is certainly lower than the one seen in the previous quarter, but the overall situation is not that bad - investor attention is still there. 

A lot was said about the metaverse when the Microsoft deal to acquire Activision Blizzard was announced in January 2022. The attention mainly was on business communications, rather than gaming. If public statements and leaked documents are any guide, the Activision deal could promise more for the future of crypto than the metaverse.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Blockchain gaming projects have seen $2.3 billion in investments in 2023, with the third quarter getting $600 million despite crypto market prices seemingly being in a bearish mood all year. 

cryptocurrency, may rise more than five-fold in value by the end of 2026, according to global bank Standard Chartered, its latest prediction of rocketing crypto prices. Ether may hit $8,000 over the next two years as it becomes more widely used in blockchain-based covenants known as «smart contracts,» as well as gaming and the «tokenisation» of traditional assets, StanChart Head of FX Research, West, Geoff Kendrick wrote. Ether was trading on Wednesday at about $1,575. Assessing the value of cryptocurrencies is fraught with difficulty, as tokens such as ether or bitcoin that are not backed by traditional assets lack the gauges used to price stocks, bonds or currencies. The price of crypto tokens are generally driven by the sentiment of investors.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________