gala games

Weekly Blockchain Games, Metaverse, and Web 3.0 News Roundup

Weekly Blockchain Games, Metaverse, and Web 3.0 News Roundup

We are here again with the weekly gaming news roundup, with a lot of developments happening in the Web3 domain. Earlier this month, we saw the FTX collapse, which has had a considerable impact on the Solana blockchain and many other blockchain gaming projects.

The FTX collapse aftershocks continued this week, where we saw Star Atlas reach a standstill as its funds got stuck in FTX. Moreover, this week also witnessed layoffs in Web3 industry companies, especially in Splinterlands.

However, it’s not all bad news; several positive developments are also running in parallel. Several blockchain games have launched their demos, updates, and first releases.

 The topics of today;

  • Star Atlas intends to return and has begun sales.
  • Splinterlands lays off 45% of its employees.
  • According to a Deloitte study, the metaverse is a trillion-dollar market.
  • Sandbox launches land sales featuring Snoop Dogg, Playboy, and more.
  • Last Expedition, a AAA blockchain FPS game, has received updates and more.

Star Atlas, the promising metaverse sci-fi RPG game, apparently finds itself between a rock and a hard place after the FTX drama. FTX was Star Atlas’ primary exchange, and almost half of their total capital is now frozen in FTX. This means that the project will face a considerable lag in its development phase. However, the developers assured the community that the development of the game will continue, as will support for the Solana blockchain.

In order to make up for the lack of funds, Star Atlas plans to launch a series of NFT sales in the coming months. The sale will feature ships, land claims, and claim stakes. Keep you posted on further developments.

It is not auspicious for Splinterlands either, as it laid off 45% of its total staff amid challenging times in the crypto market. However, it is not only about the crypto winter; the ongoing worldwide recession is also playing a role. Tech giants like Twitter, Amazon, and Meta have fired hundreds of employees. Although Splinterlands’ decision to lay off employees came after the FTX debacle, it has nothing to do with it. The company made an official announcement to clear the air that they did not have any investments or money in the FTX exchange or other similar high-risk exchanges. Additionally, Splinterlands also made it clear that they do not have any debt or employ leverage. According to the announcement, the decision was solely made to cut costs amid the worsening crypto market.

Splinterlands took the decision proactively so that they could stay on track in terms of their roadmap. Moreover, the company is positive that they are in a much better financial position and will continue to serve the community.

On the contrary, the Web3 domain continues to progress, with research reports reiterating its significance. According to a recent study on Metaverse by Deloitte, Metaverse is a trillion-dollar industry opportunity in Asia. It can add $1.4 trillion to the Asian GDP annually by 2035. The study selected 12 Asian countries to conduct an in-depth look. These countries include China, India, Pakistan, the Philippines, Singapore, Hong Kong, Japan, Indonesia, South Korea, Thailand, Vietnam, and Taiwan.

According to the report, the metaverse could add $US 0.8 trillion to $1.4 trillion per year by 2035. It also adds that the Asian market will take the lead in shaping the metaverse globally. Asia has 60% of the world’s youth, and youth are also the primary users of the metaverse. So, this presents Asia with a massive opportunity in the Web3 domain. However, the development direction is still unclear.

There are already small metaverses where users can socialize, go to concerts, and play virtual goods. Some of these platforms are Roblox, Fortnite, PUBG, Decentraland, Zepeto, and Sandbox.

Besides the report, metaverse projects continue to show promise and work to develop their respective virtual worlds. The Ethereum Metaverse Sandbox launches its land sale under the name “California Dreamin’.” The sale brings on celebrities like Playboy, Tony Hawk, and Snoop Dogg. This means that users have the opportunity to live in the neighborhood with Playboy, the FaZe clan, Snoop Dogg, and Tony Hawk. At the time of writing, registration for the LAND sale raffle is still open.

Finally, Gala Games gave a sneak peek and leak of its upcoming AAA blockchain FPS game, Last Expedition, during a live stream session. Gamers got to know about map blockout updates, character updates, environment updates, and the Operator License Bundle. The fans also got to meet the common character variant of the game, Alice. Moreover, specific details were also added to the weapons in the recent weapon update. The Last Expedition Operator License was also made public, which will help operators run their own customized game servers.

If you like Web3, Metaverse and P2E, visit PlayToEarnGames.com for more gaming newsgame reviews, and detailed game guides. If you want to know more about W3 Play and our ambitions, read the “old” (it should be updated soon) About Us page. It will do for now!

I know that most of you read my newsletter from the email that is sent via Linkedin. That is cool. I notice that since I get a lot of questions via email. As I said before, the newsletter is a tool for me to educate people about the current movements in video gaming.

I hope to reach as many people as possible through this newsletter and give insights into Web3 and its endless possibilities. Sometimes it is time consuming to read up on all these things, so I wouldn’t mind if you would visit the article and give it a like, or would share it on Linkedin with your own network.

Until next time.

GALA Games

Get to Know Gala Games, a Leading Player in Blockchain Games

Gala Games made it to the industry only a few years ago in 2019 and was among the pioneers of the Play to Earn games. It stood out from the rest because the company was rewarding players with tokens (GALA) for playing games on their platform in 2020 which was something out of the box at that time. So, how did Gala Games make it so big in such a less time? Stay with us today to get to know about Gala Games and what it has to offer.

 

Gala Games Team

The magic lies in the team, and you will get footprints of the massively popular Zynga Games here. There were 60 developers working on the platform, which has more than 1.3 million active users right now. Eric Schiermeyer is the project’s CEO. Another notable accomplishment of Eric’s is that he was a founding member of the renowned social game company Zynga.

Their main objective was to create a blockchain-based gaming network that would give players more control and ownership over games. Moreover, they aim to make blockchain gaming simple so that even those new to the blockchain concept can have fun playing and earning.

Gala Games - Blockchain Games - Play to Earn
Gala Games – Blockchain GamesPlay to Earn

How do Gala Games Operate?

Just imagine an online gaming platform like Miniclip or Steam but all the games that you play are powered by the blockchain. Also, all the play to earn games that you find here are free to play. These games are played through dApps or commonly known in the blockchain industry as Decentralized Applications.

A long-standing concept, play-to-earn games and blockchain-powered games with assets completely owned by users is nothing new. Gala Games, however, stands out from the other platforms in this category thanks to a few unique characteristics.

Gala Games is based on the Ethereum blockchain, but lately, the company used the p.Network Bridge DApp to connect the GALA token to the Binance Smart Chain as a BEP-20 asset. As a result, users will be able to drastically reduce transaction costs when using or holding GALA tokens. Gala Games is also a community-driven platform. The platform’s network is powered by community-owned nodes. In order to evaluate which games and features are most well-liked by the community, the development team and operational staff frequently interact with them.

Gala Games Online Store

One thing to love about Gala Games is their online store. Thanks to its built-in marketplace, Gala Games makes it simple for users to buy and sell in-game assets. Also with help of this market, gamers may quickly get the funds they need to loot their games or buy new characters and gear to improve their gameplay.

Gala Games - Blockchain Games - Play to Earn
Gala Games – Blockchain Games – Play to Earn

The Gala Token

As you might have noticed that all projects as such have their own utility token and for Gala Games that token is called GALA. The primary digital asset in the Gala Games ecosystem is this token, which is used for a variety of functions including item purchases, peer-to-peer payments, and rewarding nodes.

By running a Gala Node, players can also utilize the token to support the Gala Games network. If you don’t know how to set up a Gala Node, then click here. The user must first obtain a license in order to run a Gala Node. Once you’ve obtained a license, you can operate the node software from the convenience of your computer and receive rewards in the form of “rare” GALA and NFT tokens. Running a Gala Node is by no means cheap and prices change based on the market. Ethereum (ETH), GALA, or Basic Attention Token are all acceptable forms of payment (BAT). Something to keep in mind is that there is a 50,000-node limit that cannot be exceeded.

How Much Are They?

A fixed 50 billion token maximum supply is available for the GALA token. The project’s creators claim that 17,123,286 GALA tokens are awarded every day in total. The founding node’s operators receive fifty percent of this dividend. The Gala Games conservatory is where the other half goes.

Gala Games has incorporated a halving cycle into its operation, just like Bitcoin and other cryptocurrencies do. The issuance is cut in half every year with halves, precisely on July 21. Therefore, by dividing the rate of issue to 8,561,643 GALA per day (this subsequent halving took place on July 21, 2022).

Blockchain Games Under Gala

For now, only 3 of these games are playable for users, while most of these games are set to release in 2023. The team is always sharing videos of the gameplay and how far each game has progressed in their communities.

  1. Spider Tanks
  2. Town Star
  3. Superior
  4. Champions Arena
  5. GRIT
  6. Fortitude
  7. Battlestar Galactica
  8. Eternal Paradox
  9. Town Crush
  10. The Walking Dead: Empires
  11. Legends Reborn
  12. Mirandus
  13. Legacy
  14. Last Expedition
  15. Echoes of Empire

Read the story of another leading blockchain game developer and Web3 evangelist, Animoca Brands, by clicking here.

Thank you for reading, and do share with your friends, if you like this article. More news here.