The NXPC token is developed by NEXPACE, the blockchain arm of South Korean video game developer Nexon.
The Ronin Network partnered with Transak to simplify NFT and crypto purchases, improving blockchain gaming accessibility.
Digital asset ownership is both a defining feature of blockchain games and a significant barrier, reflecting the complexities of blockchain gaming’s evolution.
A recent Nansen report revealed that the Game Finance (GameFi) sector is expected to see major growth by the decade’s end, driven by decentralized economic systems, the rise of AAA games in Web3, and the popularity growth of role-playing games (RPG). Related Reading: Crypto Investors Beware: Binance Founder Warns X Users About Fake ‘CZ’ Accounts […]
Ubisoft enters the Web3 space with Champions Tactics, a tactical RPG leveraging blockchain for player-owned assets and unique champions.
Amazon is set to launch 1KIN Lab’s new Web3 gaming subscription on its platform. The new service, developed by the company behind GR1D Network, aims to enhance users’ experience with exclusive content and early access opportunities within its GR1D TERMINAL platform and GR1D ecosystem. Related Reading: 7 Days Left: Pro-XRP Lawyer Predicts Likelihood Of SEC […]
Japan’s Financial Services Agency (FSA) has announced plans to reform the country’s regulatory framework on crypto gaming. This move, according to the report, appears to be aimed at assisting businesses in managing their digital currency assets better and to “stimulate” growth in the blockchain gaming sector. With the reform, the FSA is reportedly making the […]
Hamster Kombat announced that it plans to buy back tokens and distribute them to players regularly.
Mysten Labs’ slated handheld gaming device, SuiPlay0X1, is now taking preorders at $599 a pop with deliveries expected next year.
The partnership strengthens SBI's position in the Web3 gaming sector while enhancing Oasys's token liquidity.
Immutable wrote that they would rather support marketplaces within the ecosystem than compete.
Ronin blockchain surpasses every other blockchain in daily active users, recording a two million DAU count on July 29.
Web3 and blockchain gaming firm Gala Games partnered with Animoca Brands to boost its native token. The companies joined forces to develop the altcoin and enhance users’ experience. Nonetheless, GALA has faced a 6.7% price decline following the news. Related Reading: FET Drops 9% As ASI Token Merger Phase 1 Kicks Off Gala Games To Boost User Experience On Wednesday, Gala Games announced its partnership with Hong Kong-based game software and Venture Capital company. The collaboration aims to enhance the token experience for users. The Web3 and blockchain gaming platform focuses on video games compatible with blockchain technology. Additionally, it allows players to earn crypto tokens and non-fungible tokens (NFTs) through gameplay. Per the announcement, the companies will work together to develop the token. Animoca Brands will receive GALA tokens from the firm’s treasury to “provide liquidity provisioning services” to the Web3 gaming platform. This move aims to facilitate the token’s orderly trading. As highlighted in the X post, Animoca Brands operates nine Gala Founder’s Nodes and plans to serve as a GalaChain Validator. Many users and crypto investors received the news well. Some users considered the news was bullish for the token. Others stated that the company is finally “making some noise.” The announcement also sparked interest in the gaming and NFT community. LordBenalez, COO of community-driven NFT project Mittaria, expressed interest in the collaboration. “About time. Glad to see the two big companies joining hands. Looking forward to hearing more about the collaboration,” read the reply. GALA’s Price Sees 7% Retrace Despite the overall positive reaction, GALA’s price plunged after the news. The token fell from the $0.0275 price range to the $0.0255 mark, a 7.2% price drop. The recent price action represents a 6.7% retrace in the last 24 hours. The token’s performance also shows red numbers in the longer timeframes. GALA’s price has been downtrend since its March high of $0.081. Following the retrace at the beginning of Q2, the token hovered between the $0.04 and $0.5 range. However, the sideways movement was halted by the late May security breach to which the company fell victim. As reported by NewsBTC, the web3 gaming company suffered an exploit, which resulted in the minting of 5 billion tokens worth $219 million. The incident saw the unauthorized sale of 600 million GALA tokens, worth around $21 million. Additionally, 4.4 billion tokens were burned. This resulted in the price falling from $0.046 to $0.037, a 20% decline following the exploit. Related Reading: Baked Or Burned? Trader Makes 307x From Solana Token But Investors Raise The Alarm Since then, the token has continued the downtrend, registering a 43.5% decrease in the past month. Some market watchers suggest that the token might be getting ready to bounce off the lower trendline and break out of the $0.035 resistance zone before soaring to the $0.1 price target. Featured Image from Unsplash.com, Chart from TradingView.com
Uniswap Labs made a significant move into the blockchain gaming industry with its recent acquisition of ‘Crypto: The Game’ (CTG), an on-chain survival game. Notably, the second season of CTG witnessed unprecedented success, with all 800 available spots selling out within a mere 13 minutes. Recognizing the game’s popularity among both the core crypto community […]
Initially introduced in March, the proposal gained official approval on June 7, with a majority of over 75% of votes in favor.
The funding aims to help developers with final-stage blockchain projects come to market and boost overall blockchain innovation.
Wemade CEO Henry Chang said that as more developers gain confidence, there will be greater experimentation and more complex use of blockchain elements in games.