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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.

Welcome to this weekly roundup of crypto and blockchain gaming news. A lot has happened during the week, especially involving big blockchain gaming companies, but not necessarily in auspicious ways. But first..! W3 Play and PlayToEarnGames.com Submit New Games: I would like to ask all web3 and blockchain game developers to check if their games are on our websites. If not, do contact me. You only have to check this site since all of our sites use one database. Translations have begun, with four languages added so far: German, French, Spanish, and Portuguese. Features Community: we are starting phase 2 of our platform development, where we will focus on launching a community platform with a local focus. We are looking for partners that can offer interesting features to our gaming community. If you feel, you have something, contact me! Video Gaming Reviews: Our video editorial team has started their first video. Therefore, we are looking for video footage of games that are currently on our platform so we can add it to our YouTube channel, called Play To Earn Games. Click here to contact us about new games and promotions. So the news. Lets dive in, shall we? Let’s have a look at the top stories this week: Microsoft invests in a Korean blockchain game. Square Enix financial report and projection of blockchain technology. NCSoft invests in Mysten Labs to develop Web3 gaming infrastructure. FIFA takes the leap toward blockchain games. Mythical Games cuts down on its staff. Crypto is one of the few industries in this world that faces regular crises and gets jolted every now and then. This week, we saw the bankruptcy of one of the most prominent players in the crypto industry, FTX. However, we also saw that cryptocurrencies have made rebounds this week, just as they did during previous recessions. So, the crypto industry is still holding on and avoiding washouts, meaning they are only getting stronger. Bitcoin stands tall as a peer-to-peer electronic transaction without any financial intermediation. And Ethereum remains the standout protocol to build decentralized applications. We will identify the trend in crypto and blockchain gaming in the weeks to come after FTX’s bankruptcy. However, the previous week saw Microsoft investing in Korean blockchain gaming company WeMade, the game developer behind the popular MMO game series Mir. WeMade’s newest venture is in a blockchain company called Wemix 3.0. The platform will deploy a blockchain network and allow cryptocurrency transactions to be verified and recorded on the blockchain. Moreover, the company also has an NFT auction site that allows NFTs and DAOs. Besides, WeMade's newest title, Mir4, is arguably the world’s first AAA blockbuster blockchain game. It is not known how much Microsoft invested in the $46 million investment round. In other news, Square Enix's financial results show an overall revenue fall despite Final Fantasy 14’s rise in sales. However, the report shows Square Enix’s focus on the new domain of blockchain, with blockchain games and entertainment as its medium-term strategy. The company also unveiled its first NFT IP, Symbiogenesis, launching its first sale of NFT collectibles. The report also shared further plans with Shi-San-Sei Million Arthur NFTs, investments in the Bitcoin platform Zebedee, investments in Blocklords, Cross The Ages, Animoca Brands, and the Sandbox. The blockchain gaming industry continues to thrive and attract investments, especially from Asian companies. NCSoft, South Korea’s gaming giant, invested $15 million in Mysten Labs as part of the previously announced $300 million funding round. Mysten Labs' ongoing project is Layer 1 blockchain development, which will serve as infrastructure for Web3 games. The company emerged in 2021 and launched its first project, Sui, a decentralized proof-of-stake blockchain. Its recent $300 million in fundraising was led by FTX Ventures. Other notable participants were Jump Crypto, Apollo, Sino Global, Dentsu Ventures, and Coinbase Ventures. Finally, FIFA's parting ways with EA led to its entry into the blockchain gaming space for the very first time. The organization will start with four Web 3.0 games that will coincide with the FIFA World Cup 2022. The first game among the lot is AI League: FIFA World Cup Qatar 2022 Edition. The developer behind the game is Altered State Machine. The game is a 4-on-4 casual football game where AI will compete and players will have input in between. Furthermore, AI-controlled players will earn four distinct collectibles. FIFA World Cup 2022 is the second game in the upland metaverse. This project is a collaboration between FIFA and Upland. Upland is a blockchain-based metaverse with virtual land assets that provide full ownership to players. The third game on Phygtl is the FIFA World Cup Qatar 2022. Phygtl is a mobile application for fan engagement. The fourth and final FIFA game on the blockchain is Matchday Challenge: FIFA World Cup Qatar 2022 Edition. It is a social prediction game based on football cards. It will be interesting to see how football game fans around the world take FIFA’s new ventures in Web3 gaming. Finally, we have Mythical Games, a blockchain game developer, going after cost-cutting, leading to the laying off of 10% of its employees. The company is valued at more than $270 million in venture capital; previously, it was valued at $1.25 billion. The reason given by the company behind the recent firing was the economic downturn. The company’s leading project in blockchain gaming is Blankos Block Party, which is suffering from a low daily active user count, leading to difficulty finding games for online players.

Mythical Games Cuts Down, FIFA In Blockchain, NCSoft Invests In Mysten Labs And More

Welcome to this weekly roundup of crypto and blockchain gaming news. A lot has happened during the week, especially involving big blockchain gaming companies, but not necessarily in auspicious ways. But first..!

W3 Play and PlayToEarnGames.com

Submit New Games: I would like to ask all web3 and blockchain game developers to check if their games are on our websites. If not, do contact me. You only have to check this site since all of our sites use one database. Translations have begun, with four languages added so far: German, French, Spanish, and Portuguese.

Features Community: we are starting phase 2 of our platform development, where we will focus on launching a community platform with a local focus. We are looking for partners that can offer interesting features to our gaming community. If you feel, you have something, contact me!

Video Gaming Reviews: Our video editorial team has started their first video. Therefore, we are looking for video footage of games that are currently on our platform so we can add it to our YouTube channel, called Play To Earn Games. Click here to contact us about new games and promotions.

So the news. Lets dive in, shall we?

Let’s have a look at the top stories this week:

  • Microsoft invests in a Korean blockchain game.
  • Square Enix financial report and projection of blockchain technology.
  • NCSoft invests in Mysten Labs to develop Web3 gaming infrastructure.
  • FIFA takes the leap toward blockchain games.
  • Mythical Games cuts down on its staff.

Crypto is one of the few industries in this world that faces regular crises and gets jolted every now and then. This week, we saw the bankruptcy of one of the most prominent players in the crypto industry, FTX.

However, we also saw that cryptocurrencies have made rebounds this week, just as they did during previous recessions. So, the crypto industry is still holding on and avoiding washouts, meaning they are only getting stronger. Bitcoin stands tall as a peer-to-peer electronic transaction without any financial intermediation. And Ethereum remains the standout protocol to build decentralized applications.

We will identify the trend in crypto and blockchain gaming in the weeks to come after FTX’s bankruptcy. However, the previous week saw Microsoft investing in Korean blockchain gaming company WeMade, the game developer behind the popular MMO game series Mir.

WeMade’s newest venture is in a blockchain company called Wemix 3.0. The platform will deploy a blockchain network and allow cryptocurrency transactions to be verified and recorded on the blockchain.

Moreover, the company also has an NFT auction site that allows NFTs and DAOs. Besides, WeMade’s newest title, Mir4, is arguably the world’s first AAA blockbuster blockchain game. It is not known how much Microsoft invested in the $46 million investment round.

In other news, Square Enix’s financial results show an overall revenue fall despite Final Fantasy 14’s rise in sales. However, the report shows Square Enix’s focus on the new domain of blockchain, with blockchain games and entertainment as its medium-term strategy. The company also unveiled its first NFT IP, Symbiogenesis, launching its first sale of NFT collectibles.

The report also shared further plans with Shi-San-Sei Million Arthur NFTs, investments in the Bitcoin platform Zebedee, investments in Blocklords, Cross The Ages, Animoca Brands, and the Sandbox.

The blockchain gaming industry continues to thrive and attract investments, especially from Asian companies. NCSoft, South Korea’s gaming giant, invested $15 million in Mysten Labs as part of the previously announced $300 million funding round.

Mysten Labs’ ongoing project is Layer 1 blockchain development, which will serve as infrastructure for Web3 games. The company emerged in 2021 and launched its first project, Sui, a decentralized proof-of-stake blockchain. Its recent $300 million in fundraising was led by FTX Ventures. Other notable participants were Jump Crypto, Apollo, Sino Global, Dentsu Ventures, and Coinbase Ventures.

Finally, FIFA’s parting ways with EA led to its entry into the blockchain gaming space for the very first time. The organization will start with four Web 3.0 games that will coincide with the FIFA World Cup 2022. The first game among the lot is AI League: FIFA World Cup Qatar 2022 Edition. The developer behind the game is Altered State Machine. The game is a 4-on-4 casual football game where AI will compete and players will have input in between. Furthermore, AI-controlled players will earn four distinct collectibles.

FIFA World Cup 2022 is the second game in the upland metaverse. This project is a collaboration between FIFA and Upland. Upland is a blockchain-based metaverse with virtual land assets that provide full ownership to players.

The third game on Phygtl is the FIFA World Cup Qatar 2022. Phygtl is a mobile application for fan engagement.

The fourth and final FIFA game on the blockchain is Matchday Challenge: FIFA World Cup Qatar 2022 Edition. It is a social prediction game based on football cards. It will be interesting to see how football game fans around the world take FIFA’s new ventures in Web3 gaming.

Finally, we have Mythical Games, a blockchain game developer, going after cost-cutting, leading to the laying off of 10% of its employees.

The company is valued at more than $270 million in venture capital; previously, it was valued at $1.25 billion. The reason given by the company behind the recent firing was the economic downturn.

The company’s leading project in blockchain gaming is Blankos Block Party, which is suffering from a low daily active user count, leading to difficulty finding games for online players.