Web3 Archives

NFT Rebranding? Web3 Gaming Community CEO\’s Candid Take

NFT rebranding is necessary for mass adoption of Web3 games, Community Gaming CEO Chris Gonsalves shares his thoughts on the matter.

The adoption of Web3 games has yet to reach a broader audience beyond the cryptocurrency community. Despite the introduction of digital assets like non-fungible tokens (NFTs), these games have faced strong opposition from gamers who perceive them as a ploy to exploit players through small but frequent transactions. To address this, Community Gaming, a Web3 esports platform, has partnered with Game7, a decentralized autonomous organization (DAO) focused on Web3 gaming, to launch the 3XP Gaming Expo. The event aims to promote the benefits of digital assets in gaming and change the negative perception surrounding NFTs.

Community Gaming Partners with Game7 for NFT Web3 Rebranding

In an interview with Decrypt at ETH Denver, Chris Gonsalves, CEO of Community Gaming, acknowledged the negative branding surrounding NFTs. He also suggested that game developers should refer to them as \”digital assets,\” \”digital collectibles,\” or \”legendary skins.\” Gonsalves argued that gamers are accustomed to purchasing skins and other in-game items, so they could embrace digital assets with a more positive outlook.

The 3XP Gaming Expo will take place in Los Angeles on June 8-9, ahead of the Electronic Entertainment Expo (E3) from June 13-16. The event will feature various discussions and exhibits showcasing the potential of digital assets in gaming. Additionally, the expo will provide a platform for game developers to showcase their blockchain-based games and other Web3 gaming products.

Through this collaboration, Community Gaming and Game7 hope to increase awareness and adoption of digital assets and Web3 gaming. As the gaming industry continues to evolve and embrace blockchain technology, events like the 3XP Gaming Expo could serve as catalysts for innovation and growth in this exciting new space.

The Challenge of NFT Mass Adoption in Gaming

According to Gonsalves, the slow uptake of Web3 games is attributable to low-quality experiences offered by some games and the prevalence of scams that have tarnished the industry\’s reputation. \”Let\’s be real,\” Gonsalves said. \”A lot of these games were not good, and they made promises they could not keep. We also had the profile picture craze, which created confusion. And gamers mistakenly believed that NFTs were only expensive animal art.\”

To rebuild trust in the industry and encourage more players to embrace blockchain-based gaming experiences, the gaming community must address these challenges. By partnering with the 3XP Gaming Expo, Community Gaming hopes to highlight the potential of digital assets in gaming and showcase some of the promising new Web3 games currently in development.

The Future of Web3 NFT Games

Chris Gonsalves believes that the future of Web3 gaming is bright, thanks in part to the entry of traditional game studio veterans into the space. Major publishers such as Activision Blizzard and Riot Games are creating Web3 games that prioritize gameplay over the hype around blockchain technology and tokenomics.

Gonsalves said that these game developers have the experience and expertise needed to create engaging games that can compete with popular titles like Call of Duty, Hearthstone, and Valorant. Unlike some previous Web3 games, which failed to meet gamers\’ expectations, these new titles are designed to provide a high-quality experience.

\”They know what it takes to build a game,\” Gonsalves said. \”They know how long it takes, and so they\’re not calling them NFTs and they\’re not leading with \’rah rah blockchain\’ and tokenomics.\”

The Future of Web3 NFT Games

As the gaming industry continues to evolve and explore the possibilities of Web3 technology, events like the 3XP Gaming Expo could prove instrumental in driving innovation and adoption. With the support of influential companies and industry players, Web3 gaming could soon become a mainstream phenomenon.

Chris Gonsalves, CEO of Community Gaming, believes that the future of Web3 gaming is bright, thanks in part to the entry of traditional game studio veterans into the space. According to Gonsalves, major publishers such as Activision Blizzard and Riot Games are creating Web3 games. These top gaming companies prioritize gameplay over the hype around blockchain technology and tokenomics.

\"NFT — NFT Rebranding Web3 Gaming Community CEO Candid Take

As the Web3 gaming industry continues to grow and mature, the entry of established game studios could help to bridge the gap between traditional gaming and blockchain-based gaming experiences. With a focus on fun and engaging gameplay, Web3 games could soon become a mainstream phenomenon embraced by gamers worldwide.

Conclusion

Web3 gaming has been facing challenges, including criticism from gamers, scams, and poor gameplay. Non-fungible tokens (NFTs) have received a lot of backlash and negativity. As a result, there have been calls for NFT rebranding to change the negative perception of digital assets in gaming.

Chris Gonsalves, CEO of Community Gaming, suggests that referring to NFTs as \”digital assets,\” \”digital collectibles,\” or \”legendary skins\” could help to change gamers\’ perception of them. He believes that the future of Web3 gaming is bright, thanks in part to traditional game studio veterans entering the space. Major publishers such as Activision Blizzard and Riot Games are creating Web3 games, and they prioritize gameplay over the hype around blockchain technology and tokenomics.

Web3 gaming could soon become a mainstream phenomenon with the support of influential companies and industry players. Events like the 3XP Gaming Expo, which aims to promote the benefits of digital assets in gaming and change the negative perception surrounding NFTs, could serve as catalysts for innovation and growth in this exciting new space. As the gaming industry continues to evolve and explore the possibilities of Web3 technology, the future looks promising for blockchain-based gaming experiences.

The Growing Popularity of NFT Gaming and Its Impact on the Web3 Industry

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Discover the impact of NFT gaming on the Web3 industry. Learn how it\’s transforming the gaming world and paving the way for a new era of digital asset ownership.

NFTs, or non-fungible tokens, have been making waves in the digital world, particularly in the gaming industry. As more game developers and enthusiasts recognize the potential of NFT gaming, the Web3 industry is poised for growth and adoption. In this article, we will delve into the impact of NFT gaming on the Web3 industry and explore the reasons behind its growing popularity.

NFT Games and Web3: The Perfect Match?

NFT games are a natural fit for the Web3 industry, which seeks to bring decentralization and transparency to various sectors. NFTs, as unique digital assets, can be bought, sold, and traded on the blockchain, making them ideal for use in gaming. With NFTs, gamers can own unique in-game items, skins, and other collectibles that they can trade with other players, creating a new economy within the game.

NFT Gaming: A New Revenue Stream for Game Developers

Game developers can benefit greatly from the growing popularity of NFT gaming. By incorporating NFTs into their games, they can create a new revenue stream and offer players a new level of engagement. With NFTs, game developers can create limited edition items and exclusive content that can only be obtained through purchase or gameplay.

The Importance of Quality in NFT Gaming

The success of NFT gaming depends largely on the quality of the games and the in-game items. Low-quality experiences and scams have hindered the uptake of Web3 games in the past, and it is crucial for developers to focus on creating engaging and immersive games that can compete with popular titles like Call of Duty and Fortnite.

NFT Gaming and the Entry of Traditional Game Studios

The entry of traditional game studios into the NFT gaming space is a significant development. Major publishers like Activision Blizzard and Riot Games are creating Web3 games that prioritize gameplay over the hype around blockchain technology and tokenomics. By leveraging their experience and expertise, these game developers can create engaging games that meet gamers\’ expectations.

\"NFT — mobile gaming, blockchain games, NFTs, Web3, play and own

NFT Gaming: A Catalyst for Innovation and Growth

The growing popularity of NFT gaming is a catalyst for innovation and growth in the Web3 industry. The 3XP Gaming Expo, launched by Community Gaming and Game7, aims to promote the benefits of digital assets in gaming and change the negative perception surrounding NFTs. By showcasing the potential of digital assets in gaming and providing a platform for game developers to showcase their blockchain-based games and other Web3 gaming products, events like the 3XP Gaming Expo could serve as catalysts for innovation and growth in this exciting new space.

Conclusion

In conclusion, NFT gaming is a growing trend in the gaming industry that has the potential to revolutionize the Web3 industry. With NFTs, gamers can own unique in-game items and create a new economy within the game. Game developers can benefit from the growing popularity of NFT gaming by creating a new revenue stream and offering players a new level of engagement. The success of NFT gaming depends on the quality of the games and the in-game items, as well as the entry of traditional game studios into the NFT gaming space. Events like the 3XP Gaming Expo can serve as catalysts for innovation and growth in the Web3 industry.

Play to Earn Gaming News

Looking for the best games where you play to earn money (P2E)? Check out our site for reviews of video games. Our huge collection of P2E games has been carefully put together to give you all the information you need. Include the type of game, the platform, the tokens, the white papers, and links to social media. Our site also has game trailers and in-depth reviews, so you\’ll always know what\’s new in gaming. We are proud to give you daily news updates about the latest Play-to-Earn, P2E, blockchain, non-fungible tokens (NFTs), crypto, Web3, and metaverse games.

Check out our \”Top Games\” and \”Game Lists\” to find the best P2E games and game developers, and read our \”Video Game News\” every day to find out what\’s going on in the gaming world. Contact us if you have any PlayToEarn Game news or send us your press release if you\’re launching a game, and our PlayToEarn Game news writers will cover it. Our video game review site will help you find the best Play-to-Earn (P2E) games out there.

Top Blockchain Game Genres to Keep an Eye On in Web3?

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What are the best blockchain networks on Web3, and what kinds of games are popular on blockchain? We can tell you what\’s true.

Web3 games have had a big effect on the gaming industry over the past few years. The most popular games are still the old ones. But the arrival of blockchain games marks the start of a new era with new ideas and opportunities for both players and developers.

Web3 games have made it easier for game designers to come up with new gameplay mechanics and experiences. Because of this, there are now role-playing, sports, and collecting card games that use blockchain technology. These kinds of music have a big effect, and their popularity and power are only going to grow.

Before we go any further, we\’ll talk about some popular blockchains for games that have been great for developers.

Top Blockchain Networks in Web3

Based on what the game needs, the game\’s developers will decide which blockchain to use. When it comes to gaming, each system has its own pros and cons.

For this topic, we looked at some statistics to find out, based on the most recent data source, which blockchains are the most popular. BNB, Ethereum, Polygon, and Solana are at the top because each one is used by almost 10% of projects. BNB is in first place, with 12% of all projects already done.

Binance Network

The BNB network supports the Binance Smart Chain (BSC), which is a well-known Web3 platform for decentralized applications (DApps) and decentralized finance (DeFi) projects. One of the biggest cryptocurrency companies, Binance, released the Binance Smart Chain in 2020.

Ethereum, Polygon, and Emerging Blockchains

Ethereum and Polygon come in second, with 11% of blockchain projects running on their networks.

Ethereum is the most well-known blockchain for games. It was the basis for some of the most popular Web3 games, such as CryptoKitties, Gods Unchained, and Axie Infinity. Ethereum\’s smart contract features also make it possible to use tokens that can\’t be used to buy other tokens. This lets more complex game mechanics be made.

Also, Polygon, a Layer 2 scaling solution for Ethereum, speeds up and lowers the cost of operations. Aavegotchi and Polkamon are two games that have been released on Polygon. Both games take advantage of how quickly Ethereum works and how cheaply transactions can be processed.

Immutable X, Avalanche, Gala Games, Oasys, and Ronin, all of which are in different stages of making ecosystem games, will be the main competitors in the coming months. It will be interesting to see if new blockchains like Sui and Aptos make any progress in 2023, when blockchains that don\’t use EVMs like WAX and FLOW are losing steam.

Top Blockchain Gaming Genres

Blockchain games have become so popular so fast that they are no longer just trading and collecting games. As developers find better ways to fund their projects, each type of blockchain game has changed quickly. As more people play blockchain games, there will be more types to choose from. This will make the market stronger and more competitive.

We\’re going to break down the types of blockchain games:

RPG and Strategy Blockchain Gaming Genres

The most popular kinds of Web3 games are RPGs and strategy games. Not only are they hard, but they also tend to have big economies and a lot of in-game assets that can be turned into NFTs and tokens.

In strategy games, players may be able to own and manage in-game resources like land and buildings, as well as special game items that can be traded for real money.

13% of the data from 807 random blockchain games comes from RPG games, and 11% comes from strategy games.

MMORPGs in Web3 Games

Massive Online Role-Playing Game (MMORPGs) are a popular type of blockchain game. Several developers are now looking into how adding blockchain technology to MMORPGs could change how people play. One of the best things about blockchain technology for MMORPGs is that it can be used to make sure that in-game items really belong to their owners.

Decentraland, The Sandbox, and Ember Sword are just a few of the MMORPG Web3 games that have taken the market by storm. With the use of blockchain technology in MMORPGs, the gaming industry has more chances to make money.
Things like player and team rights can be bought and sold in sports games. These tokens can\’t be used to buy anything else, and the blockchain network keeps a record of all transactions.

\"Top — Top Blockchain Game Genres to Keep an Eye On in Web3

Trading Card Games in Web3

In the same way, blockchain technology is used in trading card games so that players can collect, trade, and own digital cards. The value of the cards is based on how unique they are and how many of them there are.

Puzzle games, arcade games, and other simple types of games are examples of casual blockchain games. It\’s easy to pick up and start playing these games. When people play these games, they often win rewards in the form of cryptocurrency or other blockchain-based benefits, such as NFTs.

The world of Web3 games is always growing, so new blockchain games will be coming out all the time.

Play to Earn Gaming News

Explore our Top Games and game lists to discover the best P2E games, game developers and read our fresh daily video game news to stay informed about the latest developments in the world of gaming. Contact us for any PlayToEarn Game News or send us your PR if you\’re launching a game, and our PlayToEarn Game news writers will cover it. Join us now to explore and discover the best Play-To-Earn (P2E) games out there with our video game review site.

Web3: The Future of Branding Your Project 2023

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Web3 offers a lot when it comes to marketing a brand, the use of NFTs, blockchain, and tokens have a lot of utility in marketing your brand. We enlist three approaches that will help you market your brand.

The term Web3 has been mainstream for quite a while now, and many of us have heard about the features it can bring. There is a lot of buzz around Web3 with so many partnerships, celebrity collaborations, conferences, talks, and whatnot. However, 2023 is different, as it is a make-or-break year for blockchain and Web3 as a whole. There has been a lot of buzz surrounding blockchain and the revolution it is bringing. But all the talk has reached a point where the industry experts would either show a concrete project or deflate it. Blockchain is the best shot to achieve ownership and authenticity outside of corporate control. But how can blockchain and NFTs play a part in the branding and marketing of a Web3 project? There is a lot on the table when it comes to utilizing blockchain technology to market your product. There are a whole lot of ideas beyond celebrity collabs, let\’s check out the top ones.

What Web3 Has to Offer to Market Your Brand?

To put it precisely, Web3 is not just a future change for brands, it is already transforming the way they operate. While many people have talked about the impact of Web3 on businesses, they haven\’t provided concrete examples. If you are hesitant about this new concept because of this lack of information, your brand could suffer, and decline rapidly. Don\’t make the mistake of thinking that Web3 is only about costly pictures of apes.

Below we will discuss the three approaches which you can take to brand and market your blockchain project better. So, gear up to stay on the right side of the revolution that is coming.

NFT Utility is Important

NFTs are a lot more than cool PNGs, JPEGs, and profile pictures. However, the start was quite similar to it but it had a blessing in disguise. Their exorbitant price tags brought attention to the new medium. Also, one of the most interesting things about NFTs is that many brands use them as they are. However, every new venture has to begin somewhere, and the profile pictures of NFTs represent just that—a starting point. The next significant leap for brands is to create NFTs that offer more than just proof of PNG ownership. In other words, they must develop utility NFTs.

A utility NFT is a form of token that provides access to something with inherent value beyond the token itself. For instance, it could serve as your entry passes to an exclusive server, enabling you to cast your vote on merchandise and in-game designs, and structures for your favorite team or video game. Moreover, permit you to interact with a digital recreation of a renowned historical figure. Our company has discovered that people desire utility NFTs from their preferred brands.

A recent survey by Dibbs on NFT mainstream adoption in an NFT community sample population shows an interesting take. The majority, 51% of respondents were of the opinion that an NFT should have more utility. Moreover, in response to another question, 60% of respondents said that they would love to bag an NFT of their favorite brands.

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How Web3 Could Help Brand and Market Your Project

What Kind of NFT Utility?

It depends on your product and target audience. As mentioned earlier, there are numerous possibilities to consider, and new ones are emerging every day as different yet transformative sectors like artificial intelligence (AI), entertainment, and others, discover their next stage of growth in Web3. If you\’re having difficulty determining where to begin, a simple solution is to look at the products and content you already generate.

Token Gate Your VIP Products

For any business, the ultimate goal is to create repeat customers who consistently spend more. Additionally, it is more cost-effective to keep them returning than to attract new customers. To increase customer retention, you need to find new ways to engage with them that expand your relationship beyond the traditional \”we make, you buy\” dynamic.

Token gating your most in-demand products or content could be an excellent approach to transforming customers into long-term community members. Some brands have already had success in offering exclusive apparel drops for NFT holders. As well, as providing enthusiasts with unique glimpses of emerging entertainment properties.

These types of Web3 initiatives transcend the standard realm of access to exclusive communities and other club-like gatherings. They foster engagement through multiple channels, offering your most ardent supporters something to talk about and potential new customers more reasons to join your brand.

Integrate the Blockchain Element

The adoption of blockchain\’s distributed ledger technology has the potential to revolutionize processes that require proof of ownership and transfer. By embracing this technology, established brands can position themselves to take advantage of new ways of doing business. Blockchain\’s built-in smart contracts simplify complicated processes such as royalty payments, as the token itself knows where to send the payment. Web3\’s decentralizing power transfers online communication and commerce from a few large corporations to peers, creating a smarter and fairer way to conduct business. Brands that get on board with blockchain now will have a head start in this new business reality and can avoid scrambling to find their footing in the future.

Play to Earn Gaming News

Looking for the best play-to-earn (P2E) games? Look no further than our video game review site. Our extensive collection of P2E games is expertly curated, providing you with all the necessary information, including game genre, platform, tokens, whitepapers, and social media links. Our site also offers game trailers and in-depth reviews, making sure you\’re up-to-date on the latest gaming trends. We pride ourselves on providing daily news updates so that you stay informed about the latest Play-to-Earn, P2E, blockchain, NFTs, crypto, Web3, and metaverse games. Explore our Top Games and game lists to discover the best P2E games, game developers and read our fresh daily video game news to stay informed about the latest developments in the world of gaming. Contact us for any PlayToEarn Game News or send us your PR if you\’re launching a game, and our PlayToEarn Game news writers will cover it. Join us now to explore and discover the best Play-To-Earn (P2E) games out there with our video game review site.

Product-Market Fit in Web3 in 2023

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Perfect Combination for a Successful Product-Market Fit for dApps in Web3 lies in Five Steps

Product-Market Fit or PMF in Web3 is important for a successful blockchain project and decentralized app or dApps, we have come up with a five-step guide.

The product-market fit phenomenon is vital for successful decentralized applications and platforms in the Web3 ecosystem. There are a lot of tokens and projects fighting for survival or to keep their value on the market right now. These projects, products, and platforms are very different from what Web2 companies do, and they don\’t have specialized teams to help them find the product-market fit (PMF). They employ tools like rewards and tokens and a branding strategy that focuses more on movement.

The distribution of utility tokens via airdrops or bounties generating a community-operated workforce, can help Web3 platforms start their journey towards a suitable product market. Moreover, Web2 traditionalists find faceless brands, leaderless movements (Bitcoin), and product innovation without permission, more nuanced and difficult to comprehend.

The Perfect five Phases to Product Market-Fit in Web3

We have found a five-phase formula to achieve Product-Market fit in dApps. It comprises desirability, viability, and economic feasibility as the key components of the outcome.

Progressive decentralization

Crypto creators face the difficulty of creating a product that users want. Additionally, they find it difficult to carve a way to make it run successfully in a decentralized fashion. This is a challenging task since many of the requirements for creating a successful product from the start are product leadership, quick iteration, and a managed go-to-market. The reason is that it makes it more difficult to achieve community ownership and regulatory compliance, which ensure long-term health.

Progressive decentralization is the first phase of PMF. It starts off by drawing in the right crowds, and then progressively expands to decentralize while continuing to draw in more of them. This is the antithesis of the community created through Initial Coin Offerings (ICOs), where a group of speculators invested in a project and community that can be rather disconnected from reality.

Establishment of Utility for dApps

Finding and establishing utility requires time, investigation, and an iterative process. Early members of the community developed use cases and dApps and added some utility to the tokens. It fueled the expansion of the community. Foundational components of utility must demonstrate themselves when platforms, products, or protocols leave the early stages, particularly locking resources and capital.

Several KPIs, such as developer activity and total value locked, will help to evaluate these utilities. Several of these important criteria helps to assess the basic platform\’s liquidity and dependability. Moreover, it will draw users to the platform\’s story, liquidity, dependability, growth, and robustness. It will establish various utilities and ensure a shared objective to improve them. The utility establishment phase also solidifies community involvement, which is an important part of token take-off.

Gaining Momentum

The acceleration of utility is the next phase. It is achievable by introducing vectors of token programmability, and additional use cases including collateralization, flash loans, burning, etc. Many platforms and protocols do not transfer into the PMF\’s momentum phase. Different developers have triggered momentum vectors (such as DeFi, gaming, dApps, DAOs, etc.), providing multifaceted programmability and utilities in order to add momentum.

Building DeFi and dApps has demonstrated its capacity to fuel the expansion of stablecoins, automated market makers, lending protocols, etc. The platform layer and infrastructure will work better if it are more modular. Thus, to maintain momentum, with the exception of Ethereum.

Network Effect (Alpha and Beta)

Any platform or protocol\’s moat is network effects, which reinforce and speed up functions centered on the thesis and stories. This phase has two steps; Alpha and Beta. A lot of effort is imperative on part of users as a result of network effects (Metcalfe\’s Law) like increased usage and user numbers. Additional tools are needed, including exchanges, wallets, media, and initiatives built on the fundamental platform or protocol, in order to flourish. This adds value to the existing token momentum.

The second phase is beta, also known as Reed’s Law. If the ecosystem\’s value is appealing, it will produce its own ecosystems, unfolding Reed\’s Law. As Reed\’s Law reaches a critical mass, it becomes a powerful competitive advantage. Moreover, it is challenging for rival procedures to overcome. The beta network effect adds unbreakable stickiness as new ecosystems firmly establish themselves on the basic platform, which is the pinnacle of PMF in Web3.

PMF and The Economic Flywheel

The combination of Metcalfe and Reed\’s equations can lead to exponential growth for a platform or protocol. It is achievable by igniting the economic flywheel. However, it is important to complete all previous phases. Moreover, participants\’ incentives must line up. In addition to providing extra opportunities for trading and growing user bases on top of those who can already interact through play, they develop into potent mechanisms to draw and keep capital within ecosystems. The launching of use cases like this on platforms is on chance, even in the Network Alpha or Network Beta phases of the Product-Market Fit. In the flywheel stage, there\’s a lot less risk that you\’ll likely experience.

Play to Earn Gaming News

Check out our Top Games and game lists to discover the best play-to-earn games. And don\’t forget to read our fresh daily game news to stay up-to-date on the latest developments in the world of gaming. With our video game review site, you\’ll have everything you need to explore, discover, and enjoy the best P2E games out there. If you have PlayToEarn Game News, please contact us. If you are launching a game, or have PR around a new game, send it and our PlayToEarn Game news writers will cover it.

Decentraland, Undead Blocks, and More on Web3 NFT Gaming

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Decentraland fashion week, Champions Ascension tournament, NFTs making headlines, and Undead Blocks rolling out Play and Earn features in this week\’s Web3 gaming news.

A lot of play to earn and blockchain gaming activity happened earlier this week. Several games like Undead Blocks, Champions Ascension, Decentraland, and more have come up with their updates. Now you can earn ZBUX by killing zombies, play Champions Ascension without a Web3 wallet, and more. We also saw the winner of Dookey Dash Key NFT making millions by auctioning it off. Moreover, we also have a Web3 metaverse fashion week coming up in Decentralnad. Mirandus also has a playtest open for players to test rolling dice. We also saw some big partnerships where Animoca Brands expands to the MENA region and join hands with Manga Productions and more.

Decentraland Metaverse Fashion Week
Undead Blocks Daily Play and Earn Feature
Champions Ascension First Blood Tournament
Mirandus Roll the Dice Game
Dookey Dash Winner Bags Millions
Ev.io Lets you Burn NFTs

Decentraland Metaverse Fashion Week

Decentraland announces its annual metaverse fashion week eyeing the end of March. The fashion week will host iconic fashion names in the industry like Tommy Hilfiger, Adidas, and COACH. From March 28th to March 31st, the event will show how virtual fashion and interoperability have changed. This year\’s Metaverse Fashion Week has the theme \”Future Heritage,\” which encourages both old-school and new-school fashion designers to connect.

Within Decentraland\’s Luxury Fashion District, a virtual event will be held that includes storefronts for multiple fashion brands. Adidas will be participating in Metaverse Fashion Week for the first time, offering an experience that connects users who own a piece from the company\’s Virtual Gear digital wearables NFT collection. Those who possess Virtual Gear NFTs will be provided with a 3D replica of their NFT, which can be worn by their Decentraland avatar.

Undead Blocks Daily Play and Earn Feature

Undead Blocks is gearing up to launch a novel \”play and earn\” feature on a daily basis! Players who own Undead Blocks weapon NFTs will have the opportunity to participate in a special solo VIP mode where they can acquire Gold ZBUX, the most dazzling of all the ZBUX available.

This feature, known as VIP Mode or \”grind to earn,\” enables players to earn Gold ZBUX while playing the game. These Gold ZBUX can be used to upgrade weapon packs, add weapons and attachments to their inventory, obtain exclusive in-game items and Loot Coffins, or exchange them for various cryptocurrencies.

Champions Ascension First Blood Tournament

The Emperor\’s heralds announce and fight to earn a tournament in Champions Ascension. It will host sixty-four fighters who will compete in the arena to determine the ultimate champion!

Sign-ups for the tournament are currently open, but with only sixty-four slots available. The Champions Ascension team has created a waitlist for those who may drop out. Those who are interested are asked to sign up only if they can make both times.

Round one will take place on March 11th, featuring six rounds of a Swiss-style tournament. The top eight competitors will advance to the final round. Players will compete in a single elimination tournament on March 18th to crown the ultimate champion of the lands.

The victor of the tournament will receive an Elemental Eternal NFT, with another one being raffled among all the participants. Audiences can track the tournament matchups and status here once they are posted.

Mirandus Roll the Dice Game

Mirandus is slowly but surely at it and the development continues for this Web3 game. The Mirandus team conducted an initial tech test of their Tavern Games in late 2022, and they are now prepared to offer a more comprehensive playtest to players in early March 2023. This Mirandus playtest is designed to assess the Tavern Games, a collection of mini-games within the game that are intended to amuse players. The Three-Eyed Snake, a game involving dice rolling and betting, will be featured in this testing phase.

The playtest is available to anyone who has a Gala Games account, which is free to create and does not require KYC verification. To play Three-Eyed Snake, players must have copper coins. Each player will get six copper coins every six hours, for a total of 30 coins. Also, players may get more copper coins depending on how many NFT and MTRM they have in their wallet. At the end of the playtest, the top ten players with the most copper coins will be able to get a Tavern Tankard from the first edition as a prize.

\"Decentraland, — Decentraland, Undead Blocks, Web3, NFT, Gaming

Dookey Dash NFT Winner Bags Millions

Who said NFTs were dead in Web3 and elsewhere? It is still pretty much making headlines around the world. An 18-year-old pro gamer \’Mongraal\’ sells Dookey Dash NFT Key for a whopping $1.63 Million

The Dookey Dash NFT competition by Yuga Labs is finally over and the winner made quite a bank. We have seen traditional esports stars make their way into the competitive scene of Web3. Fortnite esports star Mongraal was the winner of Dookey Dash key NFT and eventually sold it for $1.63 million. Kyle Mongraal Jackson sold the NFT key to a billionaire entrepreneur, Adam Weitsman, for 1000 ETH. However, the professional gamer wanted to sell the NFT for 3333 ETH, which is $5.43 million in USD. This whole NFT episode affirms that NFTs are surely down but not out at the moment. Dookey Dash Key NFT is associated with Bored Ape Yacht Club, which has a history of popular NFTs.

Ev.io Lets you Burn NFTs

Another NFT news where Ev.io, an award-winning FPS game, has introduced a new feature called \”item burning.\” It marks the first step towards crafting in the game. Item burning allows players to enhance certain game NFTs by burning them to improve other game NFTs. Although this feature may seem unexciting at first, it has the potential to spark players\’ interest in crafting and item customization.

This new feature revolves around the concept of \”earning NFTs\” and \”non-earning NFTs\”. Most NFTs in ev.io have an earn value of 1, which means that players can receive bonuses to their token earnings when equipped with those items. However, some special edition NFTs have an earn value of 0, and this is where item burning comes into play.

Players can burn an earning NFT to convert a non-earning NFT into an earning NFT. The improved NFT receives an earn rate appropriate for its rarity, regardless of the rarity of the burned NFT. This means that players can burn common NFTs to upgrade higher rarity special edition cards into earners, potentially receiving a higher NFT value than what they put in.

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Web3 mulls Crypto Term Rebranding for Mainstream Appeal – 2023

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Web3, Blockchain and NFT Projects are urging to Stop Calling it Crypto as it has become “Old School”

Big companies are abandoning terms like NFTs and Web3, partly due to the bad name and bear market. Words and names have had a huge importance in the commerce and economy since the inception of the crypto-market. There was a time when companies used to add the “blockchain” words to their names and would see their valuations sky-rocketed. But now these terms have turned into toxic words and people are trying to distance themselves from such terms. If you are looking for NFTs on Social media, you will have to search for “digital collectibles” instead of NFTs; else you might never find one.

Brynly Llyr, head of the blockchain and digital assets of the World Economic Forum, recently suggested that the crypto market should renounce old names. And instead, rebrand itself as “decentralized systems.” If you think about it, it’s not that bad of an idea at all, as these terms and jargon have turned into a safe haven for all the digital pirates. A big Bitcoin mining company, known as Riot Blockchain, has recently rebranded itself and is now called as Riot Platforms. Sounds funny right?

The Web3 Rebranding?

The terms \”crypto,\” \”Web3,\” and \”NFTs\” have become associated with get-rich-quick schemes and bad actors. NBA All-Star legend Baron Davis says he doesn’t want to associate himself with the term “NFT”, naming his photo and video rights management platform as SLiC Images. Even the word \”metaverse,\” which was supposed to represent the ultimate evolution of the decentralized web, has been hijacked by Mark Zuckerberg to pivot Facebook.

The Gen Z and Fear of Nomenclature

The younger generation has been hesitant of non-traditional investments and their fear has been further strengthened by the nomenclature. Katie Barron, head of retail at trends intelligence firm Stylus, argues that in order to attract this young generation, we may have to reconsider all the industry, especially the naming system. “I do think these terms have become somewhat toxic—particularly crypto and NFTs—partly because the initial feeding frenzy was pitched as being synonymous with a brave new ultra-democratized world in which everyone could win big by investing in or making digital assets,” she added.

The crypto gold rush failed to take off with the masses because it did not address problems that everyday people could understand and relate to. Dickon Laws, global head of innovation services at advertising agency Ogilvy, blames it not just on the nomenclature but because of “terrible product-market fit” as well. “Nobody has made Web3 relevant or accessible for the masses, or really spent the time trying to understand how it solves ‘mass’ market problems or improves consumers’ lives,” he said.

To Rebrand or Not To Rebrand Crypto? That is the Question

Millions of Reddit users are snapping up their \”collectible avatars\” as the rebranding of the NFTs as \”digital collectibles.\” It shows a promising result and is successful so far. Alexandre Tsydenkov, the founder of the NFT Paris conference, is having mixed thoughts on whether changing the nomenclature impacts the market or not. “Everyone says ‘digital collectible’ works. Is it better branding than NFT? I don\’t know,” he said.

So the important question here is that is it necessary to change the name if one wants to survive in Web3. Some big names in the games industry are ignoring the pushback and pressing ahead. We see Ubisoft doubling down on blockchain and Square Enix launching an NFT game in February 2023.

However, Katie Baron founds the common naming unattractive and thinks it’s definitely worth reconsidering. She said, “I’d advocate for either contextualizing it in [your company’s] other comms, or removing it. A lot of the most compelling metaverse-building companies don’t include it—look at Journey or AnamXR. Blockchain especially—naming a company based on a shared, immutable ledger is a little un-sexy!”

Final Word About Whitewashing Web3

In the end, the crypto space needs to focus on understanding how it can solve mass-market problems or improve consumers\’ lives. The industry needs to work on creating a product-market fit that is relevant and accessible for the masses. And as for the terminology, it may not matter much in the long run. What\’s important is that the industry focuses on the benefits of the technology, rather than the terms used to describe it.

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Web3: The YGG Way 2023

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Learning Web3 Skills and Knowledge: The YGG Way

The internet we know has revolutionized the world by penetrating everywhere. We have changed the way we conduct our day-to-day business. Moreover, the way we collaborate, communicate, and connect with people and businesses around the world is a big example of the impact Web2 has on us. However, we live in Web2 surrounded by the internet that is in the hands of only a handful of corporations. So, the centralization of the internet makes us dependent on a few powerful and influential people in the world. On the contrary, its successor Web3 is more immersive, decentralized, and inclusive. It offers decentralization in a way where an average citizen will have ownership and participation rights in the ecosystem.

Although blockchain technology has been in existence for more than ten years, the Web3 movement is still in its nascent phase. The movement saw more followers when Decentralized Finance, also known as DeFi, gained momentum. People from different parts of the world began experimenting with newly launched platforms. The idea was to reinvent some of the financial primitives of the traditional financial system using this innovative technology.

Despite its challenging user experience, the DeFi ecosystem was open to all individuals regardless of their gender, geographic location, or socioeconomic status. But how come people acquired and learned about Web3 skills despite its complexities? Especially, when there is no formal education about Web3 in schools, colleges, and universities, how did people learn about it?

How did the Phillippines acquire Web3 Skills?

The Phillippines is a prime example in this case.

Blockchain games were among the applications that provided a fun way to learn about the system without requiring any prior knowledge of financial primitives.

This led to an unexpected adoption phenomenon in the Phillippines. Individuals in rural areas of the Philippines, who were under lockdown and out of work during the COVID-19 pandemic, turned to blockchain games. They adopted it as a means to generate income and become owners of digital assets.

As a result, these individuals acquired various essential Web3 skills and transformed into proficient users of the technology. As of now, the Philippines holds the second rank on the Chainalysis 2022 Global Crypto Adoption Index. It is among the top three countries worldwide with the most number of users of the MetaMask Ethereum wallet.

This information indicates that blockchain games have served as effective entry points to Web3, enhancing accessibility for those who can reap the most benefits.

The amalgamation of video games and cryptocurrencies has propelled us towards remarkable progress in the finance industry\’s future. It will lead to the emergence of completely new virtual economies in the open metaverse and create new employment opportunities.

Learning Web3 Skills The YGG Way

Yield Guild Games (YGG) is one of the most extensive Web3 gaming guilds. It allows its members to assume roles within the organization without seeking permission. All they need to do is create their YGG Guild Badge, which is a non-fungible token (NFT) representing their membership in the guild. With this badge, they can take part in a number of community-led projects and programs that support YGG\’s mission as a whole.

As guild members make individual advancements, they receive extra NFT badges that acknowledge their accomplishments and reward their hard work. For instance, a guild member may earn an NFT badge for creating informative content, representing the guild in a Web3 e-sports event, or completing a course offered by Web3 Metaversity, a YGG and Nas Academy initiative.

YGG Metaverse Resume

YGG refers to this as the \’metaverse resume.\’ Unlike conventional resumes on platforms such as LinkedIn, where individuals can choose what to include about their experiences and accomplishments. These NFT badges are issued by a credible organization and recorded on the blockchain for transparency and provenance.

As a result, they serve as a permanent, verifiable, and entirely decentralized representation of an individual\’s digital identity and reputation. Additionally, the recipient retains control of these NFT badges in their personal wallet, and they are not held by YGG or any platform we own. Therefore, guild members have full ownership of these digital assets and can even become part-owners in our organization.

When combined with other digital assets that individuals hold, these markers of reputation produce an impartial portrayal of an individual\’s background, accomplishments, and associations.

In the future, the metaverse resume may have the potential to replace existing identification systems. Moreover, it will integrate with other applications to access a variety of on-chain services connected to creating, trading, and communicating.

Practical Benefits

This is significant because verifying identity and demonstrating a positive reputation has been a challenge in certain areas. Such as in the Philippines, where there is a humorous saying that you require a legitimate ID to obtain another legitimate ID.

Filipinos encounter difficulties regarding the issuance, presentation, sharing, protection, and validation of a variety of credentials and qualifications for different uses. Consequently, the system is full of administrative inefficiencies and bureaucratic obstacles that have led to the emergence of intermediaries and counterfeiters who function as gatekeepers, imposing privilege, exploiting weaknesses, and determining the right to engage in society.

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AppChain Solutions Web3

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AppChain Thesis Brings Solutions for Web3 Developers

The Appchain Thesis is Once Again Coming to the Rescue of Developers by Addressing the Two Main Problems in Web3, which will provide ease for game developers and more.

The Most Important Lesson from the First Decade of Blockchain Technology is that the Only Way to Achieve Mass Adoption is Through Application-Specific Chains

Since new blockchains have been made, it\’s almost impossible to limit solutions to just one blockchain and its parts. Likewise, how a single computer cannot meet all of the internet demands of people worldwide, isolated blockchains will simply not have the capacity to accommodate the large variety and the growing number of applications making it to the market. According to the new Appchain theory, the best way to set up applications that use decentralized technology is to use different chains.

Appchains will help solve the main problems that now exist in the blockchain ecosystem. The necessity for an Appchain environment in the Web3 area will ease things for companies that are creating the newest tools for developers. It will help to deploy and move across various blockchain networks, which will be addressed.

What is Appchain Thesis?

The Appchain Thesis was first brought to light in 2017, when the blockchain sector began to grow in popularity. The need for more space for developers due to the huge interest in blockchain among the public became evident. The same year, the idea of \”the internet of blockchain” was introduced by the developers, by proposing the Inter-Blockchain Communication Protocol (IBC), as well as, Ethereum chains.

App-chain solutions started to go live in 2018, with the LoomSDK launch for the gaming-focused Loom Network. As the industry moved away from app-specific chains and toward single L1s, developers started to prefer Loom. The new system found huge success and growth.

Appchain Addresses Following Problems

There are two main problems that the Appchain Thesis addresses: scalability and the notion that many apps must be deployed on a monolithic network.

Scalability

Layer-1 blockchains will inevitably encounter additional limitations as their usage expands and scales. It is instructive to think about the scenario of a monolithic blockchain processing one million TPS; programs that use multiple micro-transactions may eventually exceed that limit as they add more users. Similar restrictions have plagued existing Layer-1 technologies like Solana and Avalanche, causing network disruptions, congestion, and price increases. The Appchain thesis uses lessons learned from the Web1 and Web2 eras of the internet to address Web3\’s limitations.

As the CEO of Stardust, Canaan Linder said, “No matter how many transactions per second (TPS) a blockchain has, it will never be enough. 8, 15, 10k, 100k, 1m+, blockchain will always reach that ceiling as many applications grow and scale”.

The introduction of networked, application-specific servers run by different providers allowed the early internet to scale. Also, it is easy to picture a scenario in which the most highly used Web3 apps, such as Uniswap, move to an app-specific chain as usage rises. A move like this enables each ecosystem to focus on its growth, ensure a seamless user experience, and increasing significance for all parties involved.

The One-Size-Fits-All Fallacy

The notion that all decentralized applications should exist on a single monolithic blockchain has its demerits. It ignores the fact that distinct blockchains, like Solana, Polygon, and Cosmos, function better for different applications. For instance, while Solana is built to support micropayments and similar use cases, Polygon focuses on the supply of SDKs to expand Ethereum-based dApps and rollups.

“Blockchain networks like Polygon, AVAX, and Cosmos should be compared to an operating system. Different operating systems work better for different applications. There will never be “one” to rule them all.” Canaan Linder, Stardust CEO

Developers may fully utilize a blockchain\’s capabilities by tailoring each chain\’s architecture to address a particular requirement in the Appchain ecosystem, as well as, access to different chains. Thus instead of stressing about scalability, game developers can concentrate on creating cutting-edge gaming environments.

Appchain: The future

The growth trajectory of the Web3 market is comparable to that of the early internet. It has a super potential just like the internet due to its exponential expansion. To achieve this degree of adoption, the game industry must resolve its scalability problems. Moreover, it should also offer a setting where developers may introduce large-scale applications in many industries.

The Appchain thesis builds on expanding Web1 and Web2 lessons to scale game ecosystems. An ecosystem that is developer-friendly, dependable, and affordable. Game developers have a lot to gain from the Appchain thesis\’s core ideas. It could make it possible for a billion players to join in the next ten years.

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Ubisoft Launches Rabbids NFTs

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Ubisoft Launches its Rabbids NFTs in the Sandbox Blockchain Game

Ubisoft, the creators behind Assasin Creed, continues to experiment in Web3. The major traditional video game publisher recently introduced Rabbids NFT avatars in the Sandbox blockchain game. It is one of several Ubisoft moves in Web3 and it is one of the leading publishers to do so. In December 2021, Ubisoft became the first major video game publisher to introduce in-game NFTs with the release of Ghost Recon Breakpoint. The move received a mixed reaction from its fanbase, but the company is persistent in the Web3 domain. Now, its most recent venture involves the launch of Rabbids NFT avatars for The Sandbox, an Ethereum metaverse game.

Ubisoft Web3 Push

Ubisoft and its support for Web3 is not new as previously it lauded Axie Infinity and Nine Chronicles. Moreover, the publisher is also actively investing in Web3 companies like Animoca Brands and Horizon. It also launched its own NFT project in Ghost Recon making a massive entry in Web3. However, it wasn’t well-received by traditional gamers. For many, it was a sign that Ubisoft was pulling out of Web3, but Rabbid\’s introduction in the Sandbox tells a different story.

It took Ubisoft almost a year after the announcement of Rabbid NFTs, which originated from the classic Rayman game franchise. Finally, the Rabbids have made it to The Sandbox, after a year\’s wait. The sale is now available to users on the allow list, and it will be available to the general public on Wednesday.

Rabbids Up for Sale

Ubisoft is making 2,066 Rabbid avatars available through Polygon, an Ethereum scaling network. Each NFT is priced at 100 SAND, which is currently valued at approximately $78. The release is inspired by the Lunar New Year, as 2023 is the year of the rabbit. The Rabbids will be on display in different styles that will be shown to buyers on Friday.

Rabbids Game World

On February 28, a Rabbids game world will be added to The Sandbox\’s open alpha test, which is still going on. This world will offer a few limited playable experiences. So, better to grab a Rabbid Avatar, as it will carry importance in the Sandbox metaverse. Moreover, The Rabbids\’ avatars are considered to be important \”keys to future utility\” within The Sandbox, and will likely provide access to future drops.

Last September, we saw the Sandbox rolling out Rabbids characters to its NFT Institute experience. The NFTs were in a museum-like setting in the game. The company also released NFT items and accessories featuring the Rabbids theme. However, today\’s release marks the first time players can buy Rabbids avatars for use within the game.

Ubisoft NFT Push in the Past

Ubisoft, the studio behind popular series like Assassin\’s Creed and Just Dance, was one of the first big video game publishers to recognize Web3 and start taking action about NFTs. In 2018, the company developed HashCraft, an NFT game prototype inspired by Minecraft, but the project was ultimately abandoned. However, Ubisoft continued to delve deeper into the crypto industry.

In 2020, Ubisoft came up with an NFT experiment featuring Rabbids that came in support of a UNICEF charity. The experiment allowed users to gather Rabbids and even snatch them from other owners. The next year, Ubisoft teamed up with Sorare, a Web3 fantasy sports startup, to create One Shot League, a Sorare derivative that utilized the company\’s current Ethereum NFT soccer player cards.

Ubisoft has also shown support for NFT game projects such as Axie Infinity and Nine Chronicles, as well as investing in companies such as Animoca Brands, a metaverse investment firm, and Horizon, a game developer.

Ghost Recon Breakpoint and the Backlash

Ubisoft\’s introduction of Tezos-based NFTs for the PC version of Ghost Recon Breakpoint was pivotal for the company\’s Web3 endeavors. It integrated the assets into an existing, conventional video game that lacked NFT functionality upon release. The NFTs, dubbed \”Quartz\” by Ubisoft, enabled players to acquire and exchange distinctive weapons and equipment for the squad-based shooter game.

The launch of NFTs by Ubisoft proved to be a contentious issue among gamers. Many players have been openly against NFTs due to scams prevalent in the crypto space, exorbitant prices for some assets, and the perception that game publishers are seeking yet another means of extracting money from players.

The Ghost Recon NFT implementation was relatively superficial, and Ubisoft distributed the NFTs for free, but they failed to generate significant demand in the secondary market. Ubisoft ended its broader post-launch support for the game in April 2022. However, it has stated that it intends to use the Quartz platform for future games, but has not yet announced any additional Quartz NFT initiatives.