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Fenix Games to Excel in the "Blockchain Game Consolidation" Phase After Raising $150 Million

Fenix Games to Excel in the “Blockchain Game Consolidation” Phase After Raising $150 Million

Web3 gaming continues to progress as new projects continue to receive investments and attract funds. Fenix Games has raised $150 million in funding to establish a new and distinct blockchain game publisher. The company plans to launch a publisher as well as a platform for blockchain games that will help these games hit the market. More simply, Fenix Games plans to invest, acquire, and publish existing and future blockchain games.

The investment was led by Cypher Capital and Phoenix Group. Web3-based gaming continues to attract big investment companies. Several big investment companies are eyeing the opportunity to acquire or invest in blockchain gaming startups. However, there are many developers and investors tinkering with the game infrastructure, middleware, and more. There is far too little effort being made to fill the enormous gap of missing publishers. Publishers will aid in the commercialization of games.

Fenix Games highlights Blockchain Gaps and Provides a Solution

Fenix Games plans to take blockchain gaming to the next phase of consolidation. They will act as a VC fund arm to fund blockchain gaming. Moreover, the firm feels that there exists a structural gap in blockchain game development that they aim to fill. According to Fenix Games, blockchain gaming lacks the blending function that mobile free-to-play had. For a game to launch, scale, and provide live services, it must combine analytics and product management functions. Fenix Games aims to create a similar blend and fill in the gaps the blockchain gaming industry has.

Fenix Games has raised $150 million in funding to establish a new and distinct blockchain game publisher. Web3 gaming continues to progress!
Fenix Games has raised $150 million in funding

Just like the after-sale live operations and services of traditional games, blockchain games will need game market economies to operate. So, the key here for Fenix Games is to capitalize on the combination of market economies and live operations to help publish all sorts of games like premium, free-to-play, and blockchain gaming across all platforms.

Fenix Games also plans to facilitate the transition of gamers from Web2-based traditional games to Web3. Web3 games, on the other hand, lack the necessary tools, infrastructure, and support to achieve widespread adoption. The example is evident in Web2-style traditional gaming, where it has mature distribution platforms that help rope in billions of gamers.

Chris Ko, CEO of Fenix Games

Chris Ko, the CEO of Fenix Games, has rich professional experience spanning more than 20 years. Previously, Ko worked as Senior Vice President of Corporate Development for Mythical Games. He also held important positions at Electronic Arts and Kabam. He also served at JP Morgan as an equity research analyst and a portfolio manager for Blackrock.

Ko said, “I see a huge gap right now with various developers experimenting with game infrastructure, middleware, and more. “There isn’t anyone really filling the publisher role and trying to figure out how you go to market successfully.” He further added, “By taking a publishing approach, we abstract ourselves from the technologies.” “We play Switzerland when it comes to technology, and we mitigate risks.”

Ko further added, “The infrastructure, tools, and support just do not exist.” “We believe there is an opportunity for the role of publishing to elevate its role in the gaming ecosystem.”

Check out our previous weekly news roundup, which included Star Atlas and its sales; Splinterlands laying off 45% of its workforce; according to a Deloitte study, the metaverse is a trillion-dollar market; The Sandbox launches land sales featuring Snoop Dogg, Playboy, and more; Last Expedition, a AAA blockchain FPS game, has received updates; and more.

PlayToEarnGames.com is a website where we keep an overview of all games in the genres of P2ENFTCryptoWeb3, 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.

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.

Web3 Gaming Is The Future Of Online Gaming. Here's How Trailblazer Games Is Leading The Way

Web3 Gaming Is The Future Of Online Gaming. Here’s How Trailblazer Games Is Leading The Way

Today’s gaming news will focus on Trailblazer Games, one of the leading P2E and blockchain game developers, and its upcoming multi-chapter epic, powered by Solana blockchain, NFT game Eternal Dragons.

It is often that we forget in bewilderment the person, the team, and the efforts behind the finished product that we enjoy. Today, we turn the spotlight on one such team that is playing a huge role in Web3 gaming. Trailblazer Games is a solid player in the Web3 game industry that holds a lot of promise. The Singapore-based game studio has a team that has plenty of experience crafting AAA games. The studio has recently raised $8.2 million for its fantasy blockchain game series, dubbed Eternal Dragons. Their mantra shows their intent: belong, play, and prosper.

Blazing Guns with an Able Team

The studio plans to revolutionize the entertainment industry by leveraging Web3 principles in video games. The founders of Trailblazer Games are serial entrepreneurs with valuable experiences under their belt. Its founders include Bertrand Lamarque, Andreas Risberg, and Alex Arias. They have worked with giants of the industry like EA, King, and Microsoft. Moreover, there is more than 15 years of experience between the founders, where they have added value to two massively popular gaming franchises: Candy Crush Saga and The Sims. The team has extensive experience in building massively sustainable free-to-play economies.

Rightly gauging the evolution in the gaming industry, the founders join hands to take part and play their role in shaping the blockchain gaming industry.

Read Also: Crypto Games for Beginners

4 Things to Keep In Mind

What’s different About Trailblazer Games?

Besides having a top-tier team, the studio aims to bridge the gap between fun and Web3 principles, which the majority of p2e games lack so far. So, the focus is on the gamers, with an eye toward adding meaning, fun, and value for them.

Another important challenge is the acquisition and retention of players in blockchain games. The studio plans to innovate a strategy focusing on user acquisition, engagement, and retention. The plan is to achieve it by leveraging data, blockchain, and AI to make it user-friendly for both crypto and non-crypto gamers.

Additionally, the game studio will also incorporate a play and own mechanism by introducing NFTs, through which players will own part of the game.

Moreover, the studio focuses on iteration execution involving fast-paced learning and its application. The team will achieve it by launching spelled-out experiences and keeping an eye on player feedback.

Eternal Dragons Blockchain NFT game Trailblazer Games
Eternal Dragons Blockchain Game

The Funding

The studio received funding of $8.2 million this year, led by top investors like Makers Fund, Play Ventures, and Fabric Ventures, among others. The fund has helped Trailblazer Games extend its partnerships and hire more talent to work on the roadmap and development of Eternal Dragons. As of now, the studio has a growing and diverse team comprising 10 nationalities across 6 European states. The team draws on the experience of Wooga, King, Snowprint, and Sorare.

Trailblazer Games Flagship Project: Eternal Dragons

Eternal Dragons is a fantasy multi-chapter epic strategy blockchain game with NFTs powered by the Solana blockchain. This gaming franchise will initially launch three games, with the first two being an auto chess battler and a dragon breeding game. The games will be free-to-play on mobile, with a strong emphasis on tactical battle. With the competitive tactical battle genre at its core, the team’s vision for esports is also on the cards. Check out our Eternal Dragon’s review here.

Trailblazer Games Announces Alpha for Eternal Dragons

Earlier in November, the studio announced the release of the Alpha version of Eternal Dragons. Moreover, a playable Alpha demo was also showcased at Libson Breakpoint. The alpha of the game will reach the NFT holders by the end of Q4 of 2022. Previously, Trailblazer Games had a successful run with the sale of the Eternal Dragons Genesis collection, where 10,000 NFTs were released. The NFT sale performed surprisingly well and sold out in record time, despite the market’s severe bearish trend.

Eternal Dragons Alpha

According to the roadmap, the first game will enter beta testing next year, after which it will see a global release. Moreover, Games 2 and 3 will enter the development phase. So, in the coming years, the utility of the Dragon NFTs will increase manifold as they will work across the entire Eternal Dragon ecosystem.

Stick with us to get regular updates on Eternal Dragons and its games. And, don’t forget to check out the game’s Alpha video preview.

If you are interested in blockchain RPG games, then check out this gaming news on Defi Kingdoms.

Pulsar: A Web 3.0 MMO Real Time Strategy Play To Own Game

Pulsar: A Web 3.0 MMO Real Time Strategy Play To Own Game

In today’s gaming news, we introduce an upcoming, promising free-to-play sci-fi MMO Real Time Strategy blockchain game, Pulsar. This upcoming “play to own NFT game” will entertain hundreds and thousands of players around the world, where players will mine, build, and conquer. It is arguably the first Web3 RTS game with a lot to offer in terms of entertainment, graphics, gameplay, and earning opportunities. So, gamers, rally around and get ready to welcome the Starcraft of Web3 blockchain gaming, Pulsar.

The game offers spectacular gameplay with futuristic art concepts. The game’s biomes each have their own distinct characteristics and breathtaking immersive environments. Moreover, the game gives off AAA vibes and is powered by the Unreal Engine and Avalanche Subnet. It offers some of the crispiest, most crystal clear, vibrant, and cleanest graphics that a blockchain game has yet to offer. The only other blockchain game next to Pulsar that promises supergraphics in the sci-fi genre is Ascenders.

The Lore

With billions of stars and galaxies in deep space, we are surely not alone. There must be civilizations or empires out there that are more advanced in technology, intelligence, and resources. It all began when Earth satellites in deep space received signals — a sound wave with a frequency that had never been heard before. The frequency was named Beacon 0, and the source was Pulsar.

In search of the origin, the believers went from planet to planet, established colonies, and extracted resources to continue penetrating into deeper space. Now, the believers have reached the last planet just before the Pulsar System, and in between are millions of light years of distance. So, the explorers decided to populate W12R as it is the last planetary outpost before the start of the Pulsar System. This makes the W12R an important outpost, and the battle to gain control over it has just started.

Pulsar is Free-to-Play

The team behind Pulsar is considerate towards players as well as a player-driven economy. The developers have made this game free to play, requiring no initial investment to begin playing. Moreover, the game also lets you play the game even without connecting your digital wallets. You don’t need to figure out wallet configuration, mint NFTs, or any other geeky crypto knowledge to excel in this game. Just download the game and start playing it. Pulsar welcomes Web2 and Web3 gamers alike.

Pulsar play-to-own blockchain NFT game
Pulsar Miner

Pulsar Game Modes

The game has three game modes as of yet:

  • PvE: Single and Co-op (25th December 2022)
  • PvE: Story Mode in the first quarter of 2023.
  • PvP: No official date yet

The game will let players choose different occupations or specializations.

  • Miners will harvest raw resources on the land.
  • The builder will work in the building and craft items.
  • Fighters will ensure the defense of lands and resources.

Play-to-Own Mechanism in Pulsar

Pulsar offers players complete ownership of every in-game item they possess. Players will own everything from units to buildings, land and crafts, NFTs, and resources.

NFTs are upgradeable and will help players in combat battles and production capabilities. This will also increase the value of the NFTs in the marketplace.

Land in Pulsar

Land mining is also available, which will monetize the player’s assets. The land will also let players mine NFTs and even lend their land to other players. So, what about land?

Pulsar play to own blockchain NFT game
Pulsar Land

There are four types of lands, or biomes, in the game, and each biome has unique attributes attached to it. Each land has a minimum or maximum of $PLSR in it, depending on the size of the land. Moreover, a land’s size also determines the number of motherships and units that it can host. The land also has resources in it ranging from common to uncommon to rare. These resources will be at the disposal of all players; however, the land owner will charge a tax from players that extract resources.

The Building Refinery

The NFTs from the land will need to head to the refinery building, where Genesis Pulsar Refinery will convert raw Pulsar to $PLSR tokens. Resource Refinery, on the other hand, will convert raw resources into on-chain resource tokens.

Pulsar Tokenomics

$PLSR is the primary in-game currency that the players can also mine. The process involves getting raw Pulsars from the land and getting them refined into $PLSR.

$GAS is another on-chain token that will help players craft NFTs and also be used in trade.

Our Take On Pulsar

The game holds a lot of potential and shows promise, especially on the fun and graphics sides, which are much more appealing. The in-game economy is the real challenge that every Web3 game faces, especially during the crypto winter. However, Pulsar might just be the game that eventually comes up with an innovation where the in-game economy thrives into a robust ecosystem.

What else is happening in Web 3? Check out our recent news blockchain news here.

Thalon, Immutable X's Upcoming Web3 Game Project

Thalon, Immutable X’s Upcoming Web3 Game Project

Thalon is an upcoming promising free-to-play blockchain NFT game under the banner of Immutable. The game offers venues to earn while having fun getting into the genre of real-time strategy in a sci-fi world. The game promises an exciting trilogy of games with Thalon getting out as its first part. It is an NFT RTS game where players must eye for Thalon ($THL) and other NFT collectibles. The game offers several game modes with a concrete story and smooth gameplay. Join us today in a science fiction adventure to the unknown lands and resources of humans and find out what’s in store for all of us.

Thalon, The Storyline Begins

‘Harness the power of Thalon – an advanced, yet unstable energy source. Use it to develop and execute combat strategies for your colony to survive and thrive, in a turbulent and competitive landscape.’

First and foremost, the game is absolutely free to play with no pressure of investing a hefty amount of money early on. It offers a fresh take on a classic real-time strategy where you will harvest resources, lead armies in combats, and ultimately fight for glory, and bounty rewards.

The game revolves around a mysterious, ultra-powerful, and new energy resource that is beyond human’s wildest imagination. The Finder, a cult hero, discovered Thalon on an abandoned alien vessel roaming at the edge of a known space. The vessel’s cargo had this new powerful energy source that could affect everything organic and inorganic in existence. This means that it could prove beneficial for everyone like farmer to help a better yield crop, a thinker to boost his cerebral activity, an engineer in his structures, a general and his troops, and many others.

Thalon, Immutable X's Upcoming Web3 Game Project
Thalon Creature

Keeping in view the power of Thalon, many powerful players across the universe tried to harness it. The competition between them lead to major technological advancements that resulted in Thalon’s distribution, transportation, and storage.

Thalon Gameplay and What to Expect

Thalon is a classic real-time strategy game where players compete against each other to earn $THL and other NFTs. The game offers two modes: PvE and PvP. The PvP multiplayer mode allows you to team up with your family and friends. You have the option to go 1v1 or fun fest with 4v4.

You will choose between three factions to being with; Humans, Aliens, and Android. Thalon will introduce the human faction first with the other coming later in the game. So, the game begins with players teeing off with mining resources to generate funds for their base. The idea is to expand the colony fast and create combat units to fend off any attacks. A match takes around 10-20 minutes until one of the players surrenders or succumbs to total destruction.

Thalon, Immutable X's Upcoming Web3 Game Project
Thalon Soldier

The winner then gets a bounty box which requires a small fee to open and redeem the prize inside.

NFT Collectibles in the game

The game has the following 5 NFT collectibles on which a player can get their hands.

  • Battle Unit: tanks, soldiers, artillery, etc.
  • Upgrade: Features and properties boost like damage, armor, speed, etc.
  • Land: Virtual land that a player can own
  • Skins
  • Seasonal Prizes: Rare in-game assets, rare skins, cosmetic items, etc.

The game never gets tedious or boring, the upgradation of in-game assets and battle units allows players to maneuver assets and craft a perfect strategy. A strong battle unit is assessed with the help of Power Points algorithm which considers various properties. This mechanism allows a healthy game balance between players for a level playing field.

Thalon Tokenomics and Economy

THL Token is the main token of the game with a robust price depending on utility and demand. The developers have come up with a maximum supply of 1 billion tokens. The cap is final and no more tokens will come into existence. Moreover, the $THL token helps players in in-game boosts and land upgradation. Players can also stake their tokens which will help in stability via less token circulation in the open market.

Thalon Land

The game offers virtual land ownership to its players but it is not a requirement to begin playing. The land has a maximum supply of 50,000 starting from Tier 1 to Tier 4 depending on the rarity. The highest-tiered land brings several benefits like customization, revenue distribution, battle units & upgrades, and Bounty Box claim fee.

Check out another recent blockchain game called Pecland detailed P2E game review in our news by clicking here.

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.

Blockchain Games And Metaverse Projects Continue Growing 2022

Blockchain Games And Metaverse Projects Continue Growing

Blockchain games brave the crypto winter like no other according to a recent report by DappRadar. Video games remain the silver lining amid a ferocious crypto winter storm as it is still active in the adoption of blockchain technology.

Moreover, it also gets embraced by venture capitalist firms and continues to get noticed by them. The industry data shows a lot of promise in blockchain games and the figures do not lie.

Blockchain Games And Metaverse Projects Continue Growing
Blockchain Video Games And Metaverse Projects Continue Growing

Blockchain video games continue to attract venture capitalists in the third quarter of 2022 despite the bear market. Among other digital assets, it’s the crypto gaming sector that is showing signs of long-term value as well as stability.

Alien Worlds and Splinterlands remain the two most played Web3 games, with over 160,000 daily UAW registered in September. Gameta, a gaming platform first deployed on Solana and now running on the BNB Chain, attracted over 1 million daily UAW in September.

According to the report by DappRadar, blockchain games and metaverse projects raised $1.3 billion in Q3 between July and September. The figure, when compared to last year’s investment accumulation in Q3, is double in number. However, when compared to Q2 of 2022, it appears a decline of 48%.

The standout domain in terms of investment is the Web3 metaverse projects and infrastructure which accounts for roughly 36%.

As for the blockchain games, the number of unique active wallets records an increase of 8% month over month reaching 912.000. Moreover, 7 out of 10 blockchain games confirmed an increase in unique active wallet addresses. There are more and more multiple blockchain games with truly immersive game mechanics that take entertainment to the next level. Even tough the haters keep hating, this is what we expected.

The total value locked also shows sign of recorvery with a 2.9% increase when compared to the previous quarter but it is not extraordinary as it is $250 billion less when compared to 2021.

The number of daily Unique Active Wallets (UAW) that interact with blockchain dapps rose 12 percent to 1.81 million on average.

DappRadar also notes that Web3 games continue to be the sole driving force for the dapp industry.

As for blockchain technology, Ethereum remains the leader in Q2 2022 with a share of 69% among other chains. It also recorded an increase of 3.17% accumulating to $48 billion.

The NFT domain sees a decline in the popularity of OpenSea Marketplace due to competition from new entrants; Magic Eden and X2Y2.

The impact of blockchain games is also visible in the NFT market, where Gods Unchained cracked the top 5 collections by trading volume in September with over $18 million generated by its game assets.

Key Takeaways

  • The number of unique active wallets in the blockchain gaming industry increased by 8% (912K) month-over-month, and its dominance remains over 48%.
  • Gameta, the new Web3 gaming platform on BNB Chain, became the most used dapp in September, surpassing PancakeSwap, with over 1.33 million unique wallets in the past 30 days.
  • In September, due to a P2E gaming tournament featuring significant in-game NFTs for winners, Benji Bananas, a game produced by Animoca Brands, had a rise in unique active wallets of over 2,400% from the previous month.
  • The Sandbox Alpha Season 3 has over 90 experiences, with 4 million people registered with a wallet, and over 200,000 daily active users.
  • Move-to-earn projects are gaining popularity and flourishing in this bear market. Sweat Economy minted a record-breaking 10,000 NFTs on Near Protocol, StepApp will be available for iOS and Android on December 1st and, OliveX, the digital fitness company that developed Dustland, collaborated with The Sandbox to develop the fitness Metaverse.
  • Blankos Block Party and Star Atlas, two online games using NFTs, became the first Web3 titles to be released on the major PC gaming marketplace Epic Games Store.
  • With over $18 million in sales in September, the digital collectible card game Gods Unchained climbed into the top 5 collections by NFT trading volume.
  • September’s investments were the lowest all year, only $156 million were raised by blockchain games and Metaverse-related projects. However, this month showed us that the industry never ceases to build.

The New Web3 Games Console to Launch in 2023

Imagine having a console that is exclusively made for Web3 games, play to earn, crypto enthusiasts, and gamers alike. This is a reality that is not far beyond and far-fetched. Blockchain gaming is going more mainstreamer with its own console having numerous features. These built-in features will cover all the complicated intricacies of the crypto world and Defi. It will make it all the more friendly for gamers who are not too many crypto enthusiasts. So, how is it possible?

Zilliqa Blockchain Gaming Console

Zilliqa is a layer 1 blockchain company actively taking part in the Web3 world. It took off in 2017 and provides a platform to cover thousands of transactions per second. Besides, Zilliqa is now taking a solid leap toward blockchain gaming with a launch of its hardware console and a gaming hub.

The blockchain gaming console will soon hit the market shelves in 2023. A prototype of the gaming console went public yesterday. The console looks amazing with its aesthetically pleasing sleek design. Moreover, it also has USB ports, HDMI, Ethernet cable ports, and USB-C. However, other technical specifications of the P2E gaming console are not known as of yet. The company behind the console hasn’t made the specifications public.

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Zilliqa – Crypto – Zilliqa Blockchain – Gaming Console

However, one thing is for sure the console is user-friendly like other conventional gaming consoles such as PS and Xbox. The difference is the addition of Web3 capabilities comprising a crypto wallet, and an ability to mine tokens. The press release is also categorical on the issue of complexities of Web3 saying, “[crypto wallet and mining is integrated] to hide the complexity of Web3 from the end-user.”

The research behind the blockchain gaming console

Zilliqa’s R&D department and engineers put in a lot of time doing research on the project. It took more than 6 months to design, test, and analyze the performance of the console. The testing and research phase aimed to flawlessly integrate Web3 features – crypto wallet, mining, blockchain technology, software, and more into a normal gaming experience.

Valentin Cobelea, Head of Gaming Technology at Zilliqa said, “[Zilliqa] took the approach of hiding the complexity of creating embedded Web3 wallet.”

What is in it for the Gamers?

Zilliqa has its own token known as ZIL. Players will have the opportunity to earn this token by completing missions requiring solid skills. This approach is known as “skill to earn” which players will use in quests, challenges, tasks, and missions in games. This is more in line with conventional games where players get rewards or coins. However, ZIL will have the added advantage of having the functions of blockchain technology.

Zilliqa Mining

Besides skill to earn, players will also have the opportunity to mine ZIL tokens. This will “lead to further decentralization of the Zilliqa blockchain by expanding the number of miners globally.”

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Crypto – Zilliqa Blockchain – Gaming Console

How Much Money can you Earn from Web3 Gaming Console?

According to Cobelea, it all depends on the levels of skills the gamers have. The more pro you are at it, the more you will earn and vice verse. “[It] depends on how good the gamers are, and the amount they earn will be reflective of that.”

As for the cost of the console, the company says that the console will eventually pay for itself.

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Crypto – Zilliqa Blockchain – Gaming Console

So how will Zilliqa design its Tokenomics?

Zilliqa will have its own games on the consoles, but also plans to make it a gaming hub. A gaming hub where all play to earn games are playable, and all the defi apps are available. The tokenomics is a challenge in P2E games as was evident in Axie Infinity. The developers struggle to build a concept where gamers don’t rush to sell. On the contrary, Splinterlands’ approach is bearing fruit where it regularly incentivizes token hodlers, and encourages hodling. So, in the end, it is a constant tug-of-war situation between the gamers who want to sell and make a quick buck and developers who don’t want them to sell.

It will be interesting to see what approach Zilliqa will adopt in terms of tokenomics. However, incentivizing hodlers seems more viable and concrete.

Web3 Games Console Beta Testing

Zilliqa blockchain gaming console will enter early access beta testing next month. So, we can expect pre-orders to start in Q1 of 2023. Stay tuned with us for more on crypto games.

Check out more on how gamers can earn from play to earn games. And what popular 2022 blockchain games you can play to make more money?