The community supporting Illuvium, an interoperable blockchain game, has demonstrated the power of decentralized autonomous organizations (DAOs) after blocking a scheduled nonfungible token (NFT) pack-opening event between Illuvium CEO Kieran Warwick and Three Arrows Capital (3AC) founder Su Zhu. Warwick was scheduled to go against Zhu in what’s called an “Influencer Illuvitars D1sk Battle” where prominent crypto personalities go against each other to open NFT packs. However, due to the controversies surrounding Zhu and 3AC, the Illuvium community expressed concerns over the potential risks of being associated with Zhu, who currently faces various accusations of unethical behavior. Influencer Illuvitar D1sk …

Bored Ape Yacht Club (BAYC) creators Yuga Labs has announced a new NFT collection on Bitcoin dubbed “TwelveFold.” The move was announced via Twitter on Feb. 28, with Yuga Labs unveiling 300 tokenized computer generated artworks as part of the TwelveFold collection that will go up for auction later this week. Introducing TwelveFold. A limited edition collection of 300 generative pieces, inscribed on satoshis on the Bitcoin blockchain.https://t.co/aFWEIhzqcI pic.twitter.com/PjWABKKBr4 — Yuga Labs (@yugalabs) February 27, 2023 In an accompanying blog post, Yuga Labs explained the concept behind the collection is based on mathematics, time and the Bitcoin blockchain. “TwelveFold is …

In the latest episode of NFT Steez, Thomas Webb, the founder of the interoperable avatar game Worldwide Webb, discusses the integration of interoperability in Web3 and the Metaverse. By definition, interoperability is a feature of Web3 whereby a product or system can work seamlessly across platforms with other products or services. Webb defines interoperability simply as "creating a token— a nonfungible token (NFT)" since, at its most basic level, no one can control it besides the creator. But how does interoperability function presently in Web3, and what is its potential impact? Executing interoperability the "right" way When discussing how interoperable …

The casual gaming market will remain a crucial audience for blockchain games and nonfungible tokens (NFTs) in gaming, according to three blockchain gaming company co-founders. Casual gamers, people who play games somewhat regularly but rarely invest significant time, make up the largest segment of players in the gaming industry. Kieran Warwick, co-founder of blockchain role-playing game Illuvium called casual gamers "critical" because of the sheer number of them in the population. There are more than 3 billion gamers worldwide as of 2023, and it's estimated that at least 1.95 billion are casual gamers, according to Exploding Topics. Warwick said gamers …

This week NFT Steez met with Cryptoys founder Will Weinraub to discuss the current role of play and toys in regard to their integration with nonfungible tokens (NFTs) and Web3 as a whole. Weinraub believes that the act of play is “not restricted to children” and believes that as adults, “we still crave the element of play throughout life.” According to Weinraub, through the development of technology, “play has evolved.” NFTs, especially in gaming, have highlighted this layer of ownership through play. Weinraub and Cryptoys theorize that “adults are just looking for ways to feel like kids again.” Keeping the …

Trump NFTs daily sales surge by 800% Former United States President Donald Trump’s nonfungible token (NFT) trading card collection has witnessed a massive resurgence in daily sales volume in recent days. Compared to Jan. 17 sales volumes, Jan 18. and Jan. 19 saw spikes of 800% and 600% respectively, according to market metrics aggregator Cryptoslam. Some pundits believe the renewed interest could be due to his imminent return to social media networks, following reports that the former president was seeking to rejoin Facebook and Twitter ahead of the 2024 presidential election campaign. NFT Watch: Trump Digital Trading Cards see 88% …

MatchBoxDAO — a collective of developers, artists and designers building on-chain gaming infrastructure with StarkNet — has announced the launch of MatchBox Arena, an esports experience specifically designed for developer participation. Dubbing it the “World Cup of the Web3 companies,” the team said the gaming tournament is designed to find out which company has the best technical team. We are finally launching: "Matchbox Arena"✨ With the "Battle of Titans" as the first CTF competition released on the platform, we'll officially release "Matchbox Arena" tomorrow where the players will be able to upload their code.https://t.co/vGbEuyzus0 More info below — MatchboxDAO (@matchbox_dao) …

Avalanche (AVAX) came into the spotlight early at the beginning of 2023 by adding its blockchain support to Amazon Web Services (AWS) cloud. However, empirical and on-chain analysis suggests that Avalanche’s price surge is likely due to a broader cryptocurrency market pump which will likely end with the rest of the market. Is Avalanche’s Amazon news exaggerated? While integration with the world’s largest blockchain service is a positive step for Avalanche, the hype around its implications might be exaggerated. The evidence lies in a similar move that Avalanche’s team made in December 2022. Avalanche’s team established a deal with Alibaba’s …

Ethereum layer-2 scaling solution Polygon, joined hands with Xternity, a Web3 gaming development platform, to migrate and onboard a multiplayer Web3 game — Synergy Land — to the Polygon network from Solana. As blockchain platforms, Solana focuses primarily on scalability and cost-cutting, while Polygon allows for seamless interaction with the Ethereum ecosystem. To help transfer Synergy Land’s resources onto the Ethereum Virtual Machine (EVM) chain, Xternity proposed a process — via its network migration tool — that can be used to migrate games or projects across chains. Speaking about Xternity’s goal to accelerate Web3 game development, co-founder and CEO Sagi …

2022 was a huge year for the play-to-earn (P2E) gaming scene. An influx of capital and users was followed by a sharp downturn in blockchain game token prices and a decrease in players — and the market is still reeling. And, with fallout from the FTX disaster reaching into every corner of the industry, play-to-earn’s prospects seem bleak on the surface. But peeking under the hood, the numbers tell a different story: Strong funding this year has set the stage for serious “buidling” in 2023. A consistent flow of strong raises for Web3 gaming studios has been silently infusing the …

YouTuber Logan Paul has unveiled a $1.5 million recovery plan for the people who invested in his beleaguered NFT project CryptoZoo. Announcing the move in a video shared via Twitter on Jan. 13, Paul reiterated that he is no longer looking to sue fellow YouTuber Coffeezilla for defamation over accusations he made in a critical series of videos on Paul’s NFT project. My 3-step plan for CryptoZoo, including a $1.3M rewards program for disappointed players. Thank you, @coffeebreak_YT pic.twitter.com/xFX017UHoc — Logan Paul (@LoganPaul) January 13, 2023 As such, Paul emphasized that he is instead focused on fixing CryptoZoo, delivering on …

The blockchain gaming industry is experiencing a "massive shift," with the once-popular play-to-earn (P2E) model falling out of favor and focus directed now at improving gameplay experience, a new survey has found. The survey results were included in a newly released annual report from the Blockchain Game Alliance (BGA) on Jan. 12, which was conducted with 347 professionals, representing 252 different projects or companies in the blockchain sector. Most of the respondents were young adult males working for blockchain gaming companies in middle and top management positions, according to BGA. One of the trends gleaned from the report was an …