harmony Archives

FTX’s collapse and its fallout on Solana

Blockchain and play-to-earn games on the Solana blockchain are the newest victims of the FTX fallout. Solana’s token, as well as tokens from games like Star Atlas and Aurory, all perished. Aurory’s in-game token has suffered more than 70% damage since the start of the week. As for Star Atlas, its token fell more than 36%. When compared to SOL tokens, SOL suffered a loss of 56%. Some of the other names on the Solana blockchain, like Mini Royale Nations and Panzerdogs, have yet to release tokens.

Earlier, FTX CEO Sam Bankman-Fried pledged $100 million in gaming projects on the Solana blockchain. However, FTX suffered an implosion in the first week of November as the FTX token price declined. Consequently, it was unearthed that FTX had $9 billion in liabilities and only $900 million in liquid assets.

Apart from the Solana debacle, blockchain games are largely showing a decrease in trading volumes in the last seven days. This decrease includes major games like DeFi Kingdoms, The Sandbox, and Axie Infinity.

Nice read is also ; “A Promising RPG Blockchain NFT Crypto Game Called Defi Kingdoms.” Or this article “You Did Not Play The Sandbox? You Should!”

New Partnerships in Web3 Space

In other news, NFT-powered Metaverse games developer Cyrptomon enters into a partnership with Unstoppable Domains, a Web3 domain provider. This partnership will provide Cryptomon NFT holders with a verification badge. These badges will show up on their Unstoppable Domain profiles. Moreover, the partnership will also secure the user’s Web3 identity along with providing them with unique NFT domains in the future with the suffixes “.kryptomon” and “.kmon.”

In another partnership, Harmony joins hands with Game Space, which will pave the way for traditional Web-2 companies to transition to Web-3. The strategic partnership will considerably reduce the time and cost of on-chain game development. Harmony is a proof-of-stake blockchain company, while Game Space is a one-stop gamefi platform.

Avalanche’s Stable Run in Gamefi Space

The gamefi segment is one Web3 domain that is growing at breakneck speed, and Avalanche is riding the wave. Earlier this week, Avalanche shared a progress report showing growth volume on its gamefi projects. The leading project is Province, with a super growth rate of more than 1481%. The least growth volume also shows a formidable increase of 7.77%. The key takeaway here is that the gamefi segment is enjoying a soaring growth rate. As for its token, AVAX, it experienced a decrease after showing signs of recovery earlier this week. The recovery gains vanished due to the continuous bearish trend during the weekend. So, the AVAX token is still in its lower range at $12.90.

Sony Applies for a Patent to Track In-Game Assets

Big players continue to show interest in the Web3 domain, with Sony getting into the news once again after the previous week. This time, Sony files for a patent that will allow gamers to own unique digital assets and in-game collectibles. The patent was filed in 2021 for a system that tracks digital assets powered by blockchain technology. The patent went public last week. Sony plans to keep a record using blockchain ledgers of digital media assets, gameplay, and video clips of memorable moments with a unique token. The patent filing shows that the multinational technology conglomerate is interested in the Web3 domain, especially NFTs in blockchain games.

Gamestop NFT Marketplace

Another big name in traditional gaming enters Web3 with the official launch of its NFT marketplace. GameStop, the largest video game retailer in the world, joined forces with Immutable X to launch its NFT marketplace on the Immutable blockchain platform. It will use a Layer 2 blockchain solution that does 100% gas-free and carbon-neutral minting. Both Gamestop and Immutable X have also launched a $100 million grant for creators of Web3 games. The partnership will integrate the blockchain games that are on Immutable X into the Gamestop NFT marketplace for easier management.

A Promising RPG Blockchain NFT Crypto Game Called Defi Kingdoms

Defi Kingdoms Game Overview

Enter into the world of Gaia that underwent evolution and changes starting from Age of Progression which unleashed dark times. Some of the devotees of Gaia were divinely led toward the Inner Grove. After so many years, the people and land are once again seeking a harmonious balance and returning to the olden ways when Gaia was happy. Now, the Age of Heroes is upon us where you will play as an RPG character in the kingdoms.

How Does it Work?

First things first, the game isn’t free to play, which means that you will need to get your hands on its NFT Hero before beginning to play. The game is basically yield farming, and once you have your Hero, you can take part in quests. Yield farming will result in rewards, this is something that won’t require much of your money. However, if you are eyeing a quest, every quest will require a fee upfront. Moreover, the game also works as a decentralized exchange and you can trade your cryptocurrencies inside the game with a trader.

Main features of Defi Kingdoms

Players can swap tokens in the game’s defi exchange.
Players can engage in liquidity farming pools or pair to get mining.
Gardening will allow players to unlock Jewel token rewards
Staking is also possible in the game which will generate bonuses for players

Heroes act as NFTs and you can summon a new Hero by combining two Heroes
Heroes can embark on quests to earn in-game tokens
Pet NFTs are also part of the game, their eggs are attainable after completing quests
Finally, the game also offers a competitive multiplayer card game where the winner wins exciting prizes

Jewel

The in-game currency is Jewel and helps you participate in liquidity mining. It is the main token of the game that holds value and also lets players buy NFT Heroes. Besides, the game supports new tokens like Klaytn, Matic, FTM, and BTC.b. Moreover, ETH is also on the DFK chain. The game also uses One token which will pay for your gas fees while doing in-game purchases.

Crystal

Crystal is another token in the game which acts the same as Jewel but works in Crystalvale. You can use Crystal to purchase and mint Hero NFTs. Moreover, players can also swap it in the game’s marketplace DEX, staked for fee distribution, pooled for liquidity, and also acts in governance vote.

The World Map

Defi Kingdoms world map has Docks, Professions, a Mediterranean circle, Alchemist, Bank, Gardens, a Marketplace, a tavern, and a Portal. The game has two kingdoms, Serendale and Crystalvale.

The Heroes in Defi Kingdoms

Well, the game isn’t all about gardening, harvesting, staking, and growing Jewel and Crystal tokens. The fantasy 8-bit world also adds to the fun by introducing swords and sorcery. It happens with help of your pixel art RPG hero NFT. These RPG characters have HP, MP, and stamina.

Moreover, there is also a level system for these characters which will lead to benefits depending on certain levels. Heroes can also engage in other professions, embark on quests, and engage in battles. Each hero has certain abilities which it is stronger ranging from fishing, forging, mining, and gardening. So, your Hero is the central figure of the game and will help you earn a number of rewards.

The Pets

The game also has rare NFT pets that come out of an egg after a player hatches it. However, the hatching will need time, in-game resources, and Jewel. At the start of each hatching, you will come across three price options. These will offer players to decrease the hatching time, and get a higher chance of a rare glittery and shiny pet.

Final Word

The game launches regular updates and patch notes to make it worthwhile for gamers. These updates make sure that the game’s outlook stays fresh with new-looking NPCs and new places on the map. The in-game economy is also well thought about as summoning a new NFT Hero costs a lot of money, meaning no saturation chances.

If you are into more of a sci-fi blockchain game, then check out the game news on Thalon.