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Solana Suffers from FTX Fallout, Sony Files Patent Involving NFTs, and More

Solana Suffers from FTX Fallout, Sony Files Patent Involving NFTs, and More

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In this newsletter, I will cover the impact of FTX fallout on blockchain games. Moreover, we will also cover significant partnerships in the Web3 gaming domain, how Avalanche Gamefi projects are performing, what Sony’s newest patent says about its Web3 direction, and how one of the biggest retailers in the gaming world embraces NFTs. Lastly, how is Gamestop working with Immutable X?

So let’s start, and I hope you do enjoy reading it and that I shed some light on last week’s affairs.

  • FTX collapse and fallout The Solana Blockchain is imploding.
  • Cryptomon forms an alliance with Unstoppable Domains
  • Avalanche and its solid run in gamefi space
  • Sony files a patent for digital asset tracking in video games.
  • Gamestop NFT marketplace
  • Harmony collaborates with Game Space

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.

The 10 Best Crypto NFT Games of 2022

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Imagine playing a video game having fun and making real money out of it in the shape of rewards and owning in-game assets. Video games have undergone changes thanks to the evolutionary phase it is in. The new model where players can earn and own from video games is known as Play to Earn or P2E. And subsequently these games are known as P2E games. These games have taken the center stage in past couple of years and now have become an integral part of every metaverse out there. Moreover, the idea is still in nascent stage and investors around the world are interested in it.

So, what is in it for you? You can play and earn cryptocurrency, tokens in the shape of rewards. Moreover, you can play and earn NFTs that hold value and are digital assets. In today’s blog, we will enlist the top 10 crypto NFT games of 2022 for you, so you can start playing and earning.

10 Best Crypto NFT Games of 2022

We have several play-to-earn games available in 2022. Let\’s have a look at the top ten of the best ones among the lot.

1. Axie Infinity

Axie Infinity is arguably one of the top crypto games of all time. It is a trade and battle play to earn game using the Ethereum blockchain. The game revolves around Axies which you can collect, breed, raise, trade, and pitch in for a fight. However, you will need to buy at least three Axies to begin playing the game. Each Axie has a different class structure which you need to learn beforehand to win the battle. The winner gets Smooth Love Potion (SLP) tokens which will help you get Shard tokens, the main token of the game.

The game is doing great with over 1.48 million daily active users even after the unfortunate hacking attack. The game is popular in South East Asian region.

2. Decentraland

Decentraland is a digital real estate metaverse where you can buy, rent, and sell digital land in a 3D world. You can do whatever pleases you on your piece of land. You can erect buildings, run a shop, rent it out, create a video game, and more. Decentraland uses MANA currency and players are required to connect Ethereum wallet to begin activities on the platform.

3. Alien Worlds

Alien Worlds is a treat for those players who got a nag to explore, enter uncharted lands, and love the universe, space, and mine on exoplanets. The game is immersive and lets players encounter alien species that a player can capture and use to mine. The goal is to mine and upgrade.

You need to meet the prerequisites before playing the game: own land on a planet, mining tools, and TLM deposits.

4. The Sandbox

The Sandbox is a metaverse just like Minecraft but with a catch of having ownership over your stuff. The game has no limits and lets you go creative and build, craft, and survive in this blocky and pixelated metaverse. The game also has a mode, Game Maker, where players create and test their games, and eventually sell them. The in-game items are NFTs and the game’s currency is known as SAND.

5. Zed Run

Get hold of your NFT horse and pitch it up against others to win a horse race and earn rewards. The game uses the Ethereum blockchain and doesn’t have its own cryptocurrency. This means that the game uses Ether as the default currency but the game’s token ZED Run will soon hit the market. 

The play to earn game also offers horse breeding options to players to get more powerful horses. Moreover, players can also upgrade their horses by winning the races.

– A thought on NFT Games –

Play to earn, NFT games hold the future of gaming guaranteeing fun and digital assets. More and more game developers are flocking towards P2E, play and own, play and earn, and other approaches to give it back to gamers.

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Play To Earn Games 2022

6. Blankos Block Party

Blankos Block Party is a fun MMO NFT game where the players have complete ownership of the characters they own. The game introduces players to several mini arcade games and in-game quests which players need to complete to earn MOOLA or MLA. Moreover, players have the liberty to buy, sell, or trade their Blankos NFT characters. Each Blankos has unique and special abilities. The game offers a lot of earning venues including NFTs, crypto, and coins.

7. Gods Unchained

Gods Unchained is a fantasy NFT trading card game that offers full ownership of decks and cards to the players. The game has a gripping setting of magical folklore surrounding Gods and mortals. The Gods in the game have unique powerful abilities that can impact the game. The in-game currency is GODS which players can use to do trading activities for their cards.

8. Star Atlas

The blockchain game Star Atlas is a unique blend of metaverse crypto and RPG that offers exciting gameplay, storyline, and opportunities to make real money. The game is a sci-fi adventure that takes you on an immersive virtual adventure in the year 2620. The player needs to choose among robots, aliens, or people and then fight for the resources and survive faction conflicts. The game has two modes, PvE and PvP.

9. Castle Crush

Castle Crush is another fun play to earn NFT competitive card game where players enter into 1v1 game modes. The cards hold values, some of the cards are rare NFTs that are highly valuable. The game also offers a Trophy system, Competitive tournaments like Grand Tournaments and Master Tournaments. So, a lot is up for grabs for gamers in Castle Crush.

10. CryptoBlades

CryptoBlades is an RPG where powerful sword-wielding characters engage in duels, raids, expeditions, and ravaging enemies. The game introduces SKILL tokens which the player needs to start playing the game. The SKILL token has a value attached to it that players can earn as a reward for defeating enemies. Moreover, the players can sell the tokens on the secondary market or purchase in-game items.

So hope you like it. Dont forget to share this post if you want to tell your friends which play to earn to play!

Meanwhile, have you checked out our Top 500 Best Play To Earn Games? Its the longest list in the whole universe, well of this planet will also do. All the p2e games are on there, game reviews and more.

PlayToEarnGames.com is a website where we keep an overview of all games in the genres of P2E, NFT, Crypto, Web3, and Blockchain games. Check out our games page or find a \”play-to-earn\” games list here. More information about W3 Play can be found on our about us page. Our news is daily updated on all video games and game developers.