Weekly Digest

May 04-10

Author

Yoda Labs
May 11, 2023

User numbers are low in the metaverse - however, this hasn’t disheartened companies as many Metaverse partnerships are being formed. This week saw a number of big players teaming up to continue building. Which team are you most bullish on?

Also in our weekly digest:

  • Champions Ascension's is migrating to Polygon

  • NFT Worlds rebrands to Topia as Minecraft pulls plug on blockchain

  • Jeff Burton the Co-founder of Electronic Arts moves into Web3

  • Dynamic NFTs could be the perfect answer to Web3 games! Which chain is leading?

  • Users need help and guidance with secuirty concerns top of their list

  • Alibaba and Avalanche partner up to allow companies to control their metaverse spaces

The most in-depth research on the future of E-sports, Web3 gaming and crypto by Yoda Labs

Co-authored by BGA & DappRadar

Web3 Gaming News 🎮

Armory feature for previewing avatars

  • Sui, a new blockchain network, launched its mainnet and attracted over 40 game developers due to its unique technical features like dynamically updated NFTs and an "object-based" model.

  • Coinbase won't support the Gala V2, an upcoming upgrade of Gala Games and won't allow holders to swap or receive tokens, and no reason has been given.

  • Hxro has launched Bitblox Games to create PvP gambling games using its Solana-based platform to modernize the online gambling industry.

  • R3V3NGE, a new zombie shooter game, launched the open beta, allowing players to download and play for free and offering Lootbox NFTs and limited edition shotguns for sale.

  • Immutable launches a new Passport wallet that simplifies sign-in and offers fiat deposits and withdrawals, targeting gamers to reduce friction in the Web3 gaming industry.

  • Bumilangit Entertainment collaborates with Creo Engine to feature Indonesian superheroes in the anime-based RPG game 'Evermore Knights’.

  • Jeff Burton, the co-founder of Electronic Arts, has joined P2Earn, aiming to bring P2E gaming to the mainstream and create a new economy within the gaming industry.

  • Metacade partners with MetaStudio for game development, aiming to create innovative GameFi experiences on Metacade arcade, positioning Metacade as a frontrunner in the crypto gaming industry.

  • Bored Elon, a popular parody Twitter account, has co-founded Web3 startup Bored Box to curate and showcase exclusive Web3 games while maintaining his pseudonymous identity.

  • Chia Network has developed ChiaTCG, a collaborative card game that showcases the interoperability of assets on the blockchain and supports existing NFT collections.

Web3 Gaming Trends 🚀

The Use Case of Dynamic NFTs in Web3 Games

We already know that NFTs are particularly well-suited for the gaming industry, as they enable players to have complete ownership of their hard-won digital assets without the involvement of a central authority.

If we cast our mind back, Ethereum's creation by Vitalik Buterin was spurred by his dissatisfaction with Blizzard Entertainment's decision to weaken his preferred World of Warcraft character, motivating him to develop a platform for decentralized digital asset ownership.

Dynamic NFTs have the capability to change over time. Not only can NFTs symbolize in-game characters and items - dynamic NFTs can change over time. As these assets advance, the associated NFTs will also progress to reflect in-game achievements.

This makes dNFTs perfect for Web3 games.

  • Web3 gaming is expected to mature over the next 3-5 years, with fully launched game titles, real communities, and NFT value derived from open markets.

  • Web3 is the future of gaming but users still need help required guidance in evaluating the cutting edge of technology in comparison to traditional games.

Web3 gaming adoption depends on addressing cybersecurity.

Web3 games have many advantages such as Ownership, Governance, Passive Income, interoperability, and security

However, despite the many advantages that blockchain gaming brings difficulties still persist. This is influencing the adoption rate as a whole. Users still required assistance in evaluating the cutting edge of technology in comparison to traditional games. In addition, catastrophic attacks last year have left the idea of security as a key concern.

User adoption depends on visibility and security. Gaming platforms helped the cause to demonstrate support. Last month we saw Elixir Games establish a strategic relationship with Square Enix. The collaboration promoted Web3 games among traditional players. Executives from both sides are optimistic about promoting Web3 gaming and security was and remains a priority.

Web3 gaming presents unique cybersecurity challenges that must be solved to protect gamers and their assets as blockchain technology and decentralized systems continue to grow.

  • "Autonomous Worlds," fully on-chain games that store all data on the blockchain, are becoming more popular, allowing for deeper immersion and an interoperable Metaverse.

  • Solana Games' GM calls P2E games DeFi products because they focus on making players money rather than entertaining them.

Web3 Funding News 💸

Exploring the Metaverse 🛸

Alibaba is constructing Cloudverse, an Avalanche blockchain metaverse launchpad

  • NFT Plazas and NBX are partnering to offer Metaverse access to attendees at the NBX exhibition in Poland, focused on connecting influential people, brands, and projects to shape Web3's future.

  • Manchester City Football Club's partnership with Web3 platform OKX lets fans experience Jack Grealish's DJ debut in the Metaverse with Oliver Heldens.

  • Beun1verse, a Metaverse gaming platform, offers a unique and affordable experience for NFT collectors, creators, and gamers of all levels.

  • The Sandbox partners with Affyn to create a more interoperable open Metaverse, connecting creators and communities globally and offering immersive and interactive experiences for all.

  • Metaverse needs to be accessible from any device without paywalls, have a better UI/UX design, and offer engaging experiences that eliminate physical distances and excite users.

  • GuardianLink's RADDX Racing Metaverse is an exciting new racing game that features cop chases, NFT-based in-game economy, and advertising opportunities for brands.

  • The Sandbox partners with ‘The Walking Dead’ to launch the VoxEdit contest, allowing fans to create NFT assets inspired by the comic series and a chance to win a share of 15k $SAND.

  • Sotheby's launched a new online marketplace for unique digital art, called "Sotheby's Metaverse," to address fragmentation in the NFT market.

  • South Korea's Metaverse market is set to grow rapidly and reach US$43.4B by 2030, with a projected annual growth rate of 34.2%, driven by government and private investments.

Upcoming Free Gaming Mints ⚒️

3VERSE 
3VERSE is a Cross-IP competitive, turn-based strategy game that can be picked up easily by beginners, yet challenging to truly master. Players can use their PFPs NFTs to engage in exhilarating arena combat against other PFP NFTs, giving immediate utility to multiple crypto communities with an NFT collection. Currently playable on Pc & mobile.

Destructible Droids & NanoRachnids
The team is giving away a free mint from both their Destructible Droids Static 3D Game-Ready NFT collection and their NanoRachnids Dynamic 3D Game-Ready NFT collection to all lucky winners.

KewlPass NFT
KewlPass NFT is an upgradable card allowing holders to pay fewer fees, earn more rewards, and be eligible for airdrops, loots, mystery boxes, and whitelists from partner games.

Starkfighter
Team is thrilled to announce that Starkfighter, the mini-game where players can compete for over $12,000 in prizes, will be releasing three exclusive NFTs!
All participants can mint a Bronze NFT, even with a score of 0s.
If your score is above 50 and below 100, you can mint Silver and Bronze NFTs.
If your score is above 100, you can mint Gold, Silver, and Bronze NFTs.

Follow us on Twitter to stay up to date with the latest news and announcements!

"Once you start down the dark path, forever will it dominate your destiny. Consume you, it will”
-Yoda

See you same place same time next week!

❤❤❤

Yoda Labs team