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Exploring the World of Gaming: A Comprehensive Review of NFTs, Cryptocurrencies, Web3, Play-to-Earn, and the Metaverse

Gaming has come a long way since the days of arcade machines and console games. The rise of technology and the internet has brought about a new era of gaming, with NFTs, cryptocurrencies, Web3, play-to-earn, and the metaverse being some of the latest trends in the gaming world. As the gaming industry continues to evolve, it\’s important to stay up-to-date with these developments and understand how they may impact the future of gaming.

What are NFTs and How are They Changing the Gaming Industry?

NFTs, or non-fungible tokens, are unique digital assets that can be bought and sold on blockchain platforms. They have gained popularity in the gaming world as a way to create and trade in-game assets such as weapons, characters, and skins. NFTs offer a new level of ownership and scarcity to these assets, as each one is unique and cannot be replicated. This has the potential to revolutionize the gaming industry by creating a new market for gamers and developers alike.

The Benefits and Drawbacks of Using Cryptocurrencies in Gaming

Cryptocurrencies, such as Bitcoin and Ethereum, have been integrated into some gaming platforms as a form of payment or reward. The benefits of using cryptocurrencies in gaming include faster and cheaper transactions, increased security, and more control for players over their assets. However, there are also drawbacks, such as the volatility of cryptocurrency prices and the potential for scams and fraud.

Understanding Web3 and Its Impact on Gaming

Web3, also known as the decentralized web, is a new way of accessing and interacting with the internet that emphasizes privacy, security, and user control. It has the potential to transform the gaming industry by enabling decentralized game development, ownership, and governance. Web3 technologies such as blockchain, smart contracts, and decentralized storage can be used to create decentralized gaming platforms that are more secure and transparent.

Play-to-Earn: A New Era of Gaming?

Play-to-earn games are a new type of gaming that allows players to earn real-world rewards for their in-game actions. This has the potential to disrupt traditional gaming models by enabling players to earn a living from gaming. Playtoearngames.com offers reviews of various play-to-earn games and provides information on how to get started with earning rewards through gaming.

The Metaverse: The Future of Gaming and Beyond

The metaverse is a term used to describe a virtual world where users can interact with each other and digital objects in real-time. It has the potential to be the next big thing in gaming and beyond, as it offers a new way to socialize, work, and play. The metaverse is still in its early stages, but it\’s already being explored by companies like Facebook and Roblox.

\"Exploring — Exploring the World of Gaming: A Comprehensive Review of NFTs, Cryptocurrencies, Web3, Play-to-Earn, and the Metaverse

Conclusion: What Does the Future of Gaming Hold?

As we have seen, the world of gaming is constantly evolving, with new technologies and trends emerging every day. From NFTs to cryptocurrencies, Web3, play-to-earn, and the metaverse, the gaming industry is undergoing a massive transformation. With the rise of blockchain technology and decentralized platforms, gamers are now able to truly own and control their in-game assets, creating a new era of ownership and value.

Play-to-earn games are also changing the way people approach gaming, allowing players to earn real-world rewards for their time and efforts. This creates a new level of engagement and motivation, as players have a tangible incentive to invest in their virtual worlds.

And finally, the metaverse is poised to revolutionize not just gaming, but the entire digital landscape. With its promise of a fully immersive and interconnected virtual world, the metaverse has the potential to become the ultimate platform for gaming, socializing, and even conducting business.

At PlayToEarnGames.com, we believe in providing our readers with the most comprehensive and up-to-date information on the latest trends in gaming. Whether you\’re a seasoned gamer or just starting out, our in-depth analysis and reviews of NFTs, cryptocurrencies, Web3, play-to-earn, and the metaverse will give you the inside look you need to navigate this rapidly changing industry.

So come join us on the journey to explore the world of gaming and discover what the future holds!

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.

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.

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.

RobotEra Impressive Pre-Sale

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RobotEra Impressive Pre-Sale: Is it the Next Big Thing in Web3 Gaming?

The emerging metaverse gaming project gathers the interest of investors as they believe it is the next big thing. The GameFi market saw a struggling time since the end of 2021, however, investors are still cashing in. One example lies in the blockchain game RobotEra which grabs huge volume from the market. It has overcome the shockwaves the whole crypto and Web3 gaming sector experienced. Its unique idea and promising progress have grabbed the attention of top investors.

Supported by EIBank Labs, RobotEra is a state-of-the-art sandbox design game platform. The emerging game provides a variety of ways to make money using some innovative technology ideas, like the Metaverse and Non-FungibleTokens (NFTs). Robotera has a gameplay structure where the game enhances teamwork rather than rivalry or conflict. So that they can all work towards the same objective of reshaping a destroyed world.

The Earning Potential in RobotEra

As we discussed earlier, the free fall of GameFi projects has left investors at a great loss. Many are exploring new venues to invest in out-of-the-box ideas. Moreover, gamefi resurgence which is already happening might take a while to completely get back to its previous form. Meanwhile, RobotEra has managed to get a solid boost from investors in recent days. The game is one of the few blockchain projects that are now the center of attention.

RobotEra offers many earning opportunities available to players. Players using RobotEra\’s intuitive editor tools have endless creative opportunities to construct and personalize their own landscapes or robots. Whether they desire a floating garden or an underground castle, they can freely bring their imaginative ideas to life. Within the immense open world, players will discover numerous areas to explore and reap rewards. Additionally, they can take on quest challenges located in Central City to put their skills to the test.

In RobotEra, players can showcase their artistic abilities by submitting their original artwork. The metaverse museums will host these artworks in front of others. Furthermore, players can participate in concerts to help develop an interactive ecosystem. RobotEra allows players to import their non-fungible tokens (NFTs) from other spaces.

The metaverse also includes side quests and tasks that keep players yearning for more gameplay and fun. RobotEra is a must-play game for all gamers because it offers such a wide variety of earning chances. The game is made even more intriguing by the fact that players don\’t need to exert much effort or invest money to begin playing.

RobotEra Gameplay

RobotEra lies at the intersection of play-to-earn (P2E) gaming and realistic sci-fi gaming. It is an exciting platform that aims to challenge the current GameFi structure. Both the gameplay and the storyline of the game are captivating. Players are taken to Taro, a planet where a tragic conflict emerges between its native people and a robotic force. The planet was destroyed before a scientist began a \”new life\” that exterminated everyone on the planet and gave the robots new human feelings. Later on, the robots focused to reconstruct the world and make a new start to life. Players in RobotEra can customize their robots, giving them each special traits, goals, and attributes.

In the game, players have the option to purchase the property. The in-game assets are NFTs which means that players own them and are free to utilize them in every possible manner. They have got complete control over turning these assets into cash and may decide whether to sell or hold them.

Gamers have access to a variety of custom-building tools in RobotEra. Users can interact with other players, contribute to dynamic 3D environments, and add features like their own graphics, music, and other features to the property they build. Most importantly, there is no requirement for coding knowledge in this project so far. The prototype of the game and the theme it followed is simply impressive for new investors and players.

The Taro Token

RobotEra\’s native token, TARO, is currently up for pre-sale to potential buyers as part of its initial release. The digital resource drives the RobotEra ecosystem and enables users to exchange it for real money and swap their NFTs for it. Investors can also use Taro to participate in a variety of developer-sponsored community projects and tournaments.

As the official currency of RobotEra\’s metaverse platform, the TARO token enables users to engage in buying, selling, and trading activities within the game. The first round of the TARO token presale was recently launched, and it has already raised nearly $884,000, positioning RobotEra for a successful launch.

At present, each TARO token is priced at $0.02, but this value will increase to $0.025 during the second stage. Investors have the option to pay using either USDT or ETH. The capital acquired from the presale will be utilized for the game\’s development and to enrich the overall user experience.

Play to Earn Games News

Looking for the best play-to-earn games? Look no further than our video game review site. Our large collection of P2E games has been looked over and has all the information you need. From genre and game platform to tokens, whitepapers, and Discord and Twitter social media links, we have it all. In addition, we offer game trailers for each game, as well as game videos where we provide in-depth reviews. We pride ourselves on being up-to-date, and offer daily updates on the latest news in the world of video gaming. You\’ll find everything you need to stay informed about your favorite play-to-earn, blockchain, NFT, crypto, P2E, Web3, or metaverse games. 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.

Crypto Security Concerns

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Crypto Security Concerns and Web3 Antivirus Solution

Security is a serious concern when it comes to the crypto and the Web3 industry. Many have lost billions in crypto hacks, cyberattacks, and scams owing to the decentralized nature of Web3. In a recent interview Alex Dulub, an expert in the blockchain industry, highlights many issues and their potential solutions. Alex Dulub is a member of the Forbes Technology Council and works on the creation of a Web3 antivirus. In this article, we share Dulub’s views on security and his upcoming work on it.

Security, A Paramount Concern in Crypto

According to Dulub, the world of cryptocurrency faces a significant security concern. It exists due to the decentralized and digital nature of these currencies. This loophole leaves them vulnerable to a wide range of cyberattacks. Compounding this issue is the fact that cryptocurrencies are typically held in digital wallets and are easily transferable and stolen without the possibility of recourse, in stark contrast to traditional bank accounts.

Given its complexity, blockchain technology is a bit difficult for non-technical users to comprehend. The intricacies leave them vulnerable to scammers who exploit this knowledge gap. These bad actors may trick users into making critical errors, such as unwittingly executing a malicious smart contract or sharing sensitive information such as a seed phrase or private key.

Digital asset enthusiasts recognize the high significance of scams targeting cryptocurrencies. It continues to evolve and deceive unsuspecting users, resulting in stolen coins and tokens. These scams may take various forms such as phishing, fake websites, copycats, and the implementation of malicious smart contract logic.

Web3 Antivirus an Upcoming Solution

Talking about Web3 antivirus, Dulub shares that the primary motivation behind it is to instill a sense of safety and confidence in users while they browse and carry out transactions in the Web3 ecosystem. We developed this solution in response to the unfortunate loss of tokens experienced by many of our clients and friends, often due to ignorance or carelessness. Although taking precautions to secure private keys is important. Such as employing a Faraday cage or generating seed phrases using a hardwired entropy source. These measures can still be rendered ineffective if an attacker gains control of the user\’s account and liquidates their tokens. With this in mind, Web3 Antivirus aims to help safeguard users against these types of threats, drawing upon our extensive experience to create a solution capable of quickly identifying Web3-specific scams.

Web3 Antivirus Working

It acts as a browser extension and provides real-time protection to users against potential Web3 threats. Its primary function is to act as a safeguard layer, intervening in transactions as they are about to occur. Specifically, the extension temporarily halts the transaction and initiates a simulation, breaking down each interaction into its fundamental components or \”atoms.\” From there, it scrutinizes inputs and outputs, as well as internal logic, while performing statistical analyses of the transaction\’s code.

To evaluate risk, W3 Antivirus leverages a comprehensive crypto-asset data set consisting of hundreds of millions of records. Upon receiving a user request, the mechanism rapidly processes it through this massive data set. This provides a detailed due diligence check. Additionally, this information is presented in an easily comprehensible format, enabling users to quickly take appropriate action.

According to Dulub, Web3 Antivirus takes this a step further by color-coding contracts according to their risk level, which is determined based on the number and severity of potential threats they contain. Specifically, low-risk contracts are designated with the color green, moderate-risk contracts with yellow, and high-risk contracts with red.

Alex Dulub on Blockchain Mass Adoption

As for blockchain, Dulub believes that it is still in its nascent stages of gaining widespread adoption in the technology industry. Nonetheless, I see enormous potential for its success. In the past, only tech enthusiasts were familiar with blockchain technology, but nowadays, it has become a pervasive topic across a diverse range of industries and sectors, spanning from finance to healthcare and government.

Play to Earn Games News

Welcome to PlayToEarnGames.com! Your ultimate destination for all things gaming. Here you will find game reviews, daily news updates, and an extensive list of the latest games. Our goal is to keep you informed and entertained. If you have a game or exciting news that you would like to share, we encourage you to reach out to us. Stay tuned for daily updates and be sure to check back often for new additions to our growing list of games. Let\’s play and earn together!

Crypto Still In Limbo

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Crypto Still in Limbo But Investors Stay Confident in 2023

Last April, Fidelity Investments customers got the news that they will have the feature to add the digital commodity to their retirement plans through a first-of-its-kind service. At the time, Bitcoin was trading about $38,000, below 45% of its highest value.

When the company\’s 401(k) plan came to light the following fall, the value of Bitcoin took a steep dive. Prices fall due to the deteriorating financial conditions and the $60 billion collapse of the digital currencies Luna and TerraUSD. Bitcoin saw another bad year as it fell down to $20,000 in November. Meanwhile, the once $32 billion-valued cryptocurrency exchange FTX got a massive hit on the jaw and reached Chapter 11 bankruptcy. It imposed a shadow over the industry as the fallout from its collapse spread like wildfire. The quick demise of the exchange would further undermine investor trust in digital assets, driving Bitcoin\’s price to $15,480, its lowest level in two years.

Several U.S. senators, notably Dick Durbin and Elizabeth Warren, encouraged Fidelity to review its support for Bitcoin. The reason was that the digital assets exposed retirement funds to unjustified risk. “Any investment strategy based on catching lightning in a bottle, or motivated by the fear of missing out, is doomed to fail,” they stated in a letter. “We are already in a retirement security crisis, and it should not be made worse”.

One of many major companies that stands tall till now is Fidelity. It still claims openly that digital assets have a lot of potential. Ironically, given that Bitcoin\’s aim is to eliminate financial brokers and enable people to control their own money, traditional banking titans are gradually adopting cryptocurrencies. Their entry could cause crypto to deviate from its fundamentals and weaken the characteristics that make the sector unique, like asset\’s self-custody and transaction clarity.

Big Companies are Moving into Web3

Big enterprises are entering the market because they have the expertise to provide products that customers would instantly trust, including BlackRock and Fidelity.

BlackRock, the biggest investment manager in the world with $8.6 trillion in assets under administration, and Coinbase signed a collaboration agreement last August. The partnership will allow Aladdin clients to own and exchange digital assets including Bitcoin.

Nasdaq Digital Assets, the cryptocurrency initiative, came to market in September. The platform believes that its new venture would enable a greater level of institutional involvement in digital assets. It will start by providing businesses with a secure way to store cryptocurrency.

We have also BNY Mellon, the oldest bank in America, holding Bitcoin and Ethereum for its customers. Bitcoin and Ethereum are the first and second largest cryptocurrencies by market value right now. BNY Mellon has $1.8 trillion in managed assets and $42.2 trillion in assets under administration as of September 30.

Moreover, we have Wall Street giants Fidelity, Charles Schwab, and Citadel Securities founded EDXM, a crypto exchange. The facility combines cutting-edge technology with best practices from conventional banking, including an emphasis on regulatory compliance and conflict-of-interest mitigation.

These institutions have made it clear to use digital assets as a substitute for stocks/bonds when making investments. The bulk of funds that made investments in cryptocurrencies last year aimed to diversify their portfolios more by using digital assets.

Crypto\’s Inclusion in Investment Portfolio is a Necessity

Some businesses are learning about blockchain technology with the goal of using it as the foundation for future mainstream market operations. In the tokenization process, BlackRock CEO Larry Fink predicts that blockchain will help generate digital assets that replicate securities such as stocks and bonds.

Last year, despite a global market collapse, cryptocurrency remained more appealing than it was before. In a poll conducted by Fidelity of more than 1,000 institutional investors, the results were interesting. It came to light that 51% had a positive opinion of digital assets in 2022 as opposed to 45% in 2021. The significant advantage of digital assets was the major attraction for institutional investors. Majority of the institutional investors are of the opinion that Digital assets do have a concrete role in investment portfolios.

Despite cryptocurrency\’s severe volatile market in the year 2022, financial institutions and banks are happily involving themselves in the market. These institutions are positive and expect to drive higher trading volume. While financial firms trade tokens, retail traders are more likely to purchase and hold cryptocurrencies.

Cryptocurrencies are more transparent than conventional money. Experts have argued that ownership information is maintained on public digital ledgers. Theoretically, this also makes it simpler to follow the flow of cash among market players. However, many financial organizations are reluctant to reveal their plans in advance. Adam Struck, managing partner, and founder of Struck Capital said some people prefer to trade cryptocurrency with businesses like Galaxy Digital or Genesis to mask their tracks.

Despite the crypto winter and FTX collapse, many big names in investment firms and institutions are confident. They believe that crypto will bounce back and is here to stay.

Play to Earn Games News

Welcome to PlayToEarnGames.com! Your ultimate destination for all things gaming. Here you will find game reviews, daily news updates, and an extensive list of the latest games. Our goal is to keep you informed and entertained. If you have a game or exciting news that you would like to share, we encourage you to reach out to us. Stay tuned for daily updates and be sure to check back often for new additions to our growing list of games. Let\’s play and earn together!

Crypto Deals in Web3 Sector

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Web3 and crypto sectors suffered a massive downfall in 2022 with blockchain projects crumbling and investments almost freezing. Raging crypto winter deterred investors and a number of VC deals paused for a moment. Although the crypto winter had its fair share of downturns, it cleared the industry from getting rich quickly kind of investors. The declining figures pushed short-term fast money grabbers out of the market. Moreover, it also opened up the path for sustainable development. As for the investments, surprisingly, the data was the complete opposite in 2022. It shows that VC investors still believe in Web3.

Additionally, Robert Le, a senior analyst at PitchBook, reports that venture capital investors continue to have faith in Web3. In Q3 2022, VCs invested approximately $1.5B into Web3 companies. Although funding has decreased compared to 2021, Web3 remains an attractive area for investors. Moreover, investors and experts view Web3 as having significant potential.

Top 5 Web3 VC Deals in the Spotlight

Mysten Labs ($300M)

Mysten Labs received promising VC funding led by FTX and raised a whopping $300M. Established in 2021, the startup aims to speed up the adoption of Web3. Its plan is to offer infrastructure support through its Sui blockchain. Moreover, the Series B funding round was supported by prominent investors including a16z crypto, Apollo, Binance Labs, Coinbase Ventures, among others. Mysten Labs is working on two projects; Sui blockchain, and Move. Sui is a horizontally scalable, proof-of-stake blockchain with decentralized throughput and storage capabilities. Move is an open-source language with the aim of creating smart contracts.

M2 or Msquared ($150M)

M2’s funding round, led by Andreessen Horowitz and SoftBank Vision Fund 2, raised $150M and was supported by other Web3 and crypto investors. This startup, launched by Improbable, a metaverse technology company, was created with the goal of establishing a network of interoperable metaverses. So, its mission is to enhance metaverse experiences and bring interconnected virtual worlds to reality.

Layer Zero Labs ($135)

A funding round co-led by Sequoia Capital, FTX Ventures, and Andreessen Horowitz raised $135M and was supported by other leading venture capital firms. This Web3 startup aims to bring together decentralized applications across multiple blockchains. Furthermore, it plans to achieve this by unlocking a borderless future in the process, according to Ryan Zarick, the CTO and co-founder. With its omnichain dApps, users can interact with applications existing on multiple blockchains, without even realizing that communication is happening seamlessly through LayerZero.

Magic Eden ($130M)

A Series B funding round co-led by Electric Capital and Greylock Partners raised $130M. Magic Eden\’s NFT marketplace, launched only 1.5 years ago, saw its valuation reach $1.6 billion in June 2022. COO Zhuoxun Yin commented, \”These numbers only further validate the market and industry we\’re in, showing that there\’s strong investor interest in investing in this market.\”

5ire ($100M)

The company received $100M in Series A funding from SRAM & MRAM Group, valued at $1.5 billion. Moreover, 5ire is a Web3 startup, a 5th-generation Layer-1 blockchain network, and the fastest-growing unicorn in India. According to CEO and Founder Pratik Gauri, the company is on a mission to integrate sustainability into blockchain and change the focus from \”for-profit\” to \”for-benefit.

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Mirandus: Is Materium token a Buy?

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The question is more on the investment side of things which is different from what you should exclusively look for in Web3 games. However, this article is an exception as today we will discuss the potential of Mirandus MMORPG blockchain game’s token Materium and how it may perform in near future. An important note here is that this is not financial advice. This article is just an analysis of the Materium token where we highlight the positives and the negatives. We will analyze where Materium stands at the moment and where it can go if everything happens according to Gala’s plan. Thanks to On Chain Gaming’s data, we will critically analyze what Materium holds for blockchain gamers.

Gala is a big name and a solid player in blockchain gaming development. They are rolling out some of the most promising Web3 games. However, when it comes to tokenomics, Gala games, and their respective tokens are enduring challenges when compared to others. As of now, the crypto industry is still in a bearish trend. However, we have seen a lot of positives in Web3 gaming right from the start of this year.

Top Blockchain Games Alt Coins

Axie Infinity AXS Standing

Just to put the numbers in context for Mirandus’ token, we start with the market cap of ETH. Currently, the market cap of ETH is more than $200 billion, it is massive. Now, moving on from cryptocurrency to top play to earn games, we start with Axie Infinity. Axie Infinity was the most popular and successful play to earn games in the past couple of years. However, it took a nose dive from its top high of $160 to $11 per AXS. However, in the last 30 days, AXS is up more than 80%. Its current market cap is more than $1.3 billion. So AXS stands 200 times smaller than ETH. These numbers are impressive as the game continues to fall to date.

The Sandbox SAND Analysis

The Sandbox is currently a non-playable game, keeping that in mind, let’s check how it is faring up. It’s current market cap is $1.2 billion and when fully diluted it reached over $2 billion market cap.

GALA Standing

GALA is a major player in blockchain gaming with experienced developers on its side. Its current market cap is more than $420 million. The company has more than 50 blockchain games so far with promising gameplays. Despite its portfolio GALA is one-third when compared to Axie Infinity.

Illuvium ILV Token

Illuvium is also rolling out AAA games with a lot of promise attached to them. Their current market cap is more than $153 million.

Mirandus Materium Current Standing and Future

Mirandus is a flagship game of Gala and is a promising MMORPG metaverse game. The blockchain game has a super talented and experienced team of developers working on it. Its team comprises top developers from Fable, Fall Out, World of Warcraft, and more. Its current market cap is approximately $2.5 million despite a solid team, fun gameplay, and super graphics. Materium token is available for sale for 15 cents at the moment. Its past history shows that its price pumps when it releases gameplay testing. And, we have a scheduled gameplay testing in March next month. Moreover, the token is up 93% in the last 30 days. So, the catalyst here is the hype surrounding the playtest.

The Point of Concern for Materium Token

As we have already discussed the potential catalyst for Materium hype and pump. Let’s have a look at the downside, shall we? One of the most important pieces of information missing about Materium so far is its tokenomics. There isn’t any official whitepaper or Litepaper for the Mirandus game. Moreover, there aren’t any confirmed reports about the total supply of MTRM. So, this means that Mirandus developers may manipulate Materium later on. Heck! They can even cancel it altogether as they did with Town Star. Moreover, the Gala is also a regular one when it comes to delaying game launches or even playtests. So, these are some of the points that gamers and investors need to keep in mind.

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Super Bowl LVII will Not Feature Crypto

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According to recently confirmed reports, this year’s Super Bowl will not feature any crypto advertisement. The advertisement deals fell apart due to FTX’s collapse and resultant bankruptcy. Fox Sports confirmed the news by saying that this year there is “Zero representation” for crypto companies in the ad lineup. There were at least two crypto companies with confirmed advertisement time slots in this year’s mega event. However, the deals fell apart after the FTX collapse which means that the FTX fallout continues for the crypto industry.

The previous year\’s Super Bowl was inundated with advertisements for cryptocurrency companies such as Coinbase, Crypto.com, and FTX, earning it the nickname \”Crypto Bowl.\” However, after a year of declining crypto prices, numerous industry failures, and widespread layoffs, there will be no such advertisements at this year\’s event.

The Super Bowl, the championship game of the National Football League, attracts an estimated 100 million viewers globally each year, making it a highly desirable advertising platform for companies. In 2022, crypto firms collectively invested $54 million in Super Bowl advertising, according to MediaRadar.

In reference to our previous article, there were confirmed reports that Limit Break will feature its free live NFT mint during the 30-second advertisement interval in Super Bowl. Limit Break was prepared to conduct a live NFT minting event during its Super Bowl LVII commercial. 10,000 DigiDaigaku Dragons will be made available for minting by holders. Despite the decreased presence of crypto advertisements at this year\’s Super Bowl, Limit Break CEO Gabriel Leydon is eagerly counting down on Twitter in anticipation of the release of his company\’s ad.

Ethereum introduces account abstraction

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When it comes to online security for your hard-earned money or investments, it\’s crucial to take precautions against the constant threat of hacking and scams. Unfortunately, many people have lost their cryptocurrencies due to hacking or forgetting their private key. Invest in solid security measures to protect yourself from potential threats and protect your valuable assets.

Approximately 23% of all bitcoins have been lost forever due to forgotten keys. But, with the advancements in technology, Web3 companies are working towards making the crypto space more secure. Ethereum, in particular, has implemented solutions that provide increased security for funds, both in terms of hacking and forgotten keys. Additionally, Ethereum\’s innovative approach also improves user-friendliness in the crypto space.

Ethereum has introduced a new method called Account Abstraction (AA) or \”double-A\” to prevent common mistakes and pitfalls. But, what exactly is Account Abstraction and what benefits does it offer? In simple terms, Account Abstraction is a feature that allows users to interact with smart contracts on the Ethereum blockchain using only their Ethereum addresses, instead of having to interact with smart contracts using the underlying private key. This feature makes it more user-friendly and less prone to human error. Additionally, it also enhances security by reducing the risk of exposing private keys and funds to hacking or loss. By using the Account Abstraction feature, users can interact with smart contracts in a more secure and convenient manner.

Ethereum Upgrades to Account Abstraction

Human error is a prevalent challenge in blockchain development and can lead to potential pitfalls. The trial and error method can result in both failures and successes, and one of the recent successful solutions is the Account Abstraction method. To fully understand the concept of Account Abstraction, it\’s important to first have a basic understanding of how it works. Head out to our beginner’s guide to understanding crypto wallets. With Account Abstraction, transactions in cryptocurrency are conducted through smart contracts with added rules for validity. In other words, you don\’t need to use your private keys for every crypto transaction.

But to understand it more clearly, we need to see how Ethereum works.

Types of Accounts on Ethereum: External Owned Accounts and Contract Accounts

There are two types of accounts you can use on Ethereum.

External Owned Accounts (EOA) are accounts that are managed by external crypto wallet services such as MetaMask. These accounts use two keys, a public and a private key, to conduct cryptocurrency transactions. The private key holds significant importance as it holds the power and admin controls over the whole account. However, EOA\’s are exposed to human errors as forgetting the private key will result in a permanent loss of access to the funds and there is no way to reset the key. Additionally, if anyone gets access to the private key, the funds in the account can be easily stolen. It\’s important to properly secure and store your private key to ensure the safety of your cryptocurrency investments.

Contract Accounts, also known as Smart Accounts, are mini-programs that run on the Ethereum network. Unlike External Owned Accounts, Smart Accounts do not use keys but rather codes to perform transactions. However, they do not initiate transactions on their own, they require a transaction message from an External Owned Account (EOA) in order to function. This added layer of security helps to reduce the risk of human error, such as losing or exposing private keys, and provides an added layer of security for users\’ cryptocurrency investments.

How Does Account Abstraction Work?

Account Abstraction (AA) addresses the shortcomings of both External Owned Accounts (EOA) and Contract Accounts (CA) by introducing fail-safe systems and a special feature for verifying transactions. With AA, users can set up social recovery systems where several people have their own keys and can return the account to the owner who has forgotten the private key. Additionally, AA also offers the option for a pool account or multisig account, where the ownership rests with a group. This method requires multiple parties to sign a transaction, adding an extra layer of security. By using the Account Abstraction feature, users can interact with smart contracts in a more secure and convenient manner.

Account Abstraction (AA) not only offers fail-safe systems and a special feature for verifying transactions, but it also provides added convenience in terms of paying gas fees. With AA, users have the luxury of paying gas fees in any cryptocurrency of their choice. Additionally, users can also assign another person or guardian to pay the gas fee on their behalf, providing added flexibility and ease of use. The AA feature helps to improve the overall user experience in the crypto space and makes it more accessible to a wider audience.

While some of the features offered by Account Abstraction (AA) such as social recovery systems, pool accounts or multisig account and paying gas fee in any crypto are already possible with Contract Accounts (CA), the complexities and intricacies involved are high. Additionally, the gas fees for transactions on CA are also relatively high as CA requires transaction initiation from External Owned Accounts (EOA). The AA feature simplifies these processes and make them more accessible to a wider audience. With AA, developers and users can interact with smart contracts in a more secure, convenient, and cost-effective manner.

Kristof Gazso, co-author of the Ethereum Improvement Proposal (EIP), believes that the introduction of Account Abstraction (AA) will make using Ethereum accounts as simple as using a bank. He stated, \”We\’re going to be at a point in the future where using an Ethereum account, it\’s going to be just as simple as using a bank, people won\’t have to make that trade-off of like, ‘Hey, you know, I like decentralization, but also, it\’s a pain in the ass to use Ethereum.” The AA feature eliminates the need for users to manage and safeguard private keys, reducing the risk of human error, and provides an added layer of security for users\’ cryptocurrency investments. With AA, Ethereum will be more accessible and user-friendly for a wider audience.

Account Abstraction (AA) aims to make crypto transactions as simple and accessible as regular fiat bank account transactions. With AA, users will be able to conduct transactions easily, including the option to set up automatic bill payments. This feature eliminates the need for users to manually manage and execute transactions, making the process more efficient and convenient. AA is an important step towards mainstream adoption of cryptocurrency as it makes the process of handling crypto funds as simple as using a regular bank account.

Final Word

The future of the crypto and blockchain space is looking promising as new technologies are being developed to make crypto accounts and blockchain transactions even more secure. StarkNet blockchain is one of the platforms that has already implemented Account Abstraction (AA) and in the future, we may see the implementation of facial or biometric validation for crypto transactions. Visa is also in talks with StarkNet to use Account Abstraction and deploy automatic payments using StarkNet\’s infrastructure. These advancements in technology will make the crypto space more secure and accessible to a wider audience, and it\’s exciting to see how it will shape the future of crypto transactions.

In the coming year, Account Abstraction is expected to be widely adopted across the blockchain ecosystem as more and more platforms are recognizing the benefits it offers.

That concludes our discussion on the benefits and features of Account Abstraction. If you are interested in learning more about the blockchain gaming world, be sure to check out our reviews of play to earn games, blockchain games, NFT games, Crypto games, web3 games and more. For a more interactive experience, be sure to check out our Youtube Game Channel where we offer a variety of entertaining gaming review videos. From new releases to classic games, our channel is the perfect place to get your gaming fix and stay informed about the latest trends in the gaming industry.

Another interesting read for those interested in the intersection of blockchain technology and the gaming industry is the annual report on the most active segments in the gaming industry. According to the report, blockchain gaming has ended 2022 as the most active segment in terms of number of deals. This highlights the growing popularity and potential of blockchain-based games and the impact they are having on the gaming industry as a whole. The report also provides valuable insights and statistics on the current state and future trends of blockchain gaming, making it a must-read for anyone interested in this exciting and rapidly-evolving field.

Animoca Capital, Stripe Taking Cryptocurrencies, Music Industry & Party-to-Earn, And More Web 3.0!

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A lot has happened lately in Web 3.0, which shows progress and intent as well as growth after the FTX incident. With 2022 drawing to a close, several games are coming up with updates and launches to make your holidays worthwhile. We will discuss these updates and launches for games like Mojo Meele, Cryowar, Colonize Mars, and Treeverse. Also, War Park is ready to come forward with its first community preview, and Mist is going for its pre-alpha test.

On the business side of the Web 3.0 industry, we have Animoca Brands launching Animoca Capital. Moreover, Swords of Blood landed hefty funding, Splinterlands thought outside the box, the multi-billion dollar music industry embraced Web 3.0 as in something like Party-To-Earn, Play-to-Earn games changed dynamics, Fenix Games raised $150 million, and Stripe took cryptocurrencies on board. 9GAG and their metaverse, and Battle of Guardians.

We have all of the latest updates for you in one place; stay up to date and read the full stories below to find out what’s new in the crypto industry.

Animoca Brands Sets Up Animoca Capital

Animoca Brands has set up a $2 billion fund at Animoca Capital. Animoca Brands is a huge name in the gaming industry and acts as a gaming investment firm in Web 3.0. Some of the Web 3.0 games with Animoca Brands’ investment are The Sandbox, Alien Worlds, Axie Infinity, and Decentraland. Its newest venture, Animoca Capital, is a metaverse fund that will invest in metaverse projects starting in 2023. So, we may expect growth in metaverse projects, especially in Asia, next year.

Stripe takes Cryptocurrencies on Board

Next, we have Stripe, a famous global online payment processing company that takes cryptocurrencies on board by introducing a fiat-to-crypto on-ramp. By putting out a widget that can be directly embedded on different Defi platforms, the company will make it possible for its customers to exchange USD for cryptocurrencies. This will make Defi more accessible and help it reach Web 2.0 users, which is especially important now that the centralized Defi exchange, FTX, has shut down.

Nowadays, a common way to on-ramp fiat to crypto is to buy cryptocurrency from centralized exchanges like Kraken, Binance, and Coinbase and then transfer it to a third-party wallet. This method has failed to impress mainstream users so far. Also, developers have to deal with fraud and the need to follow complicated KYC requirements. This is where Stripe comes in and offers solutions to tasks related to KYC, payments, fraud, and compliance. Stripe’s services will start in the US initially and gradually move to other countries.

Electronic Music Welcomes Party-to-Earn

The electronic music industry is about to get a restoration like never before. There is a blockchain crypto project designed specifically for clubbers, festival goers, and electronic music fans. The project is known as Kulbcoin, and it is one of a kind in the crypto industry as well as the electronic music industry. It wants to make a cryptocurrency that everyone in the electronic music world can use. The cryptocurrency will help fans earn rewards like VIP access to events, meet and greets with famous DJs and music artists, and more.

Klubcoin will employ a new business model called Party to Earn. This model, like the play to earn model for games, will aid in the decentralization of music and festival events. Klubcoin will help bring down exorbitant entry barriers like sold-out, costly tickets. Take, for example, the recent Tomorrowland 2022 music festival. The base ticket for Tomorrowland 2022 was $280, and the same goes for other festivals and concerts. This practice destroyed the spirit and roots of electronic music, which people of all ages and groups gather to enjoy.

So, Klubcoin steps in to even the playing field by letting fans buy tickets to events that are sold out at reasonable prices. It will also give discounts on food and drinks and give people access to Klubcoin parties and meetups. Klubcoin also plans to bring fans, creators, and artists onto the same platform. This will give people who make music a chance to reach more people and connect directly with their fans.

Play to Earn Games Recent Updates and Launches

Swords of Blood, a one-of-a-kind, fast-paced hack-and-slash crypto game, received $1.6 million in funding. The MMORPG blockchain NFT game is a free-to-play game with AAA elements running on the Polygon network. Check out the game’s review here.

Splinterlands’ in-game market gets a new update that lets players trade things other than cards. This is a welcome change. This will help the non-card market flourish; these items may include totems, titles, packs, land plot claims, and more.

As for other games, we have “Colonize Mars” planning to launch its closed beta sometime next week. The closed beta will give players an early look at how the game works and let them give feedback to the developers. Moreover, the closed beta will offer a first look at the game, where building, maintaining, and running a colony on Mars will come into effect. The game’s closed beta will continue until the first quarter of 2023.

We also have Mist moving forward with its game and opening the next phase of its pre-alpha. This stage is only available to players who have Tier 3+ items or a large number of MIST tokens. So, if you don’t have game NFTs or tokens, then you shall wait a little bit longer.

Another game going for a test run is War Park, a MOBA based on tanks like Spider Tanks. The developers decide to run a simulation test between the 16th and 18th of December. War Park announces a playtest for its community, and everyone can take part in it. The game will let you feel the nostalgia of WWI and WWII as it uses historical tanks instead of futuristic ones.

The last game is Farming Tales, which has a new update that adds a new town to the metaverse called New Waxchester. And if you are into Cryowar, then register for its open beta access and experience intense PvP and PvE battles.

As for some other news from this past week:

“Battle of Guardians“: A PvP Fighting Blockchain NFT Game that Will Break the Fighting Game Genre. Battle of Guardians uses the Unreal Engine and is powered by Solana Network. This game is a treat for fighting genre gamers who play games like Tekken, Mortal Kombat, Street Fighter, and more. However, the catch here is that “Battle of Guardians” offers several rewards to its players that have real-world value. So, the grinding and practicing in Battle of Guardians are worthwhile. Moreover, players engage in multi-dimensional, multi-realm battles in an expansive open world.

“9GAG” embraces Web3 and announces Memeland, an upcoming metaverse project. A new metaverse project is officially on the cards, and a renowned team is ready to take the leap. We all may have come across or known 9GAG at some point in our lives. For those of you who don’t know 9GAG, it is a social platform where people share funny stuff in the form of memes and get upvotes from the community. The platform was started way back in 2008 and now enjoys an audience of more than 200 million. This popular social platform is known for meme creation, meme sharing, and, most importantly, making people laugh. The same team, with millions of viewers, is now launching its own metaverse project, the Memeland. Memeland is a web-focused venture studio. The mantra, however, remains the same: connect the creators and the community with the addition of NFTs and MEME.

Web3 gaming keeps getting better because new projects keep getting money and investments. Fenix Games has raised $150 million to start a new blockchain game publisher that will be different from the others. The company plans to launch a publisher as well as a platform for blockchain games that will help these games hit the market. Fenix Games plans to invest in, buy, and publish blockchain games that already exist and those that will be made in the future.