As the hype surrounding play-to-earn (P2E) games and platforms began to dwindle in early 2022, Web3 participants began to emphasize the need for games to be more “fun” and less finance-oriented. In the most recent episode of NFT Steez, Alyssa Expósito and Ray Salmond spoke with Aron Beireschmitt, the CEO of Laguna games and founder of Crypto Unicorns, about the sustainability of P2E-focused blockchain games. For Beireschmitt, the evolution from a play-to-earn to a play-and-earn model suggests that there is still experimentation and maturation to be seen for these games. “Nothing has changed about making games,” says Beireschmitt, but with …

In this week’s newsletter, read about how Justin Bieber, along with other celebrities, was called out to disclose their connections to nonfungible token (NFT) firms. Check out the market performance of blue chip NFTs and how NFT games have an advantage over traditional gaming business models. In other news, learn about how OpenSea is implementing new ways to combat NFT theft. And check out how experts feel about carbon offset NFTs that aim to help the environment. Justin Bieber, Paris Hilton among 19 celebs called out for shilling NFTs Consumer watchdog Truth in Advertising called out 19 celebrities, including Justin …

Play-to-earn (P2E) blockchain game Axie Infinity (AXS) has completely removed the token rewards from its classic game mode to attract its users to a new game mode called Axie Infinity Origin. The Axie Infinity team announced that starting on Aug. 12, there will be no more Smooth Love Potions (SLP) to be minted on its classic mode. According to the team, the SLP rewards will be migrated to their new game mode. However, minting will be unavailable for 30 days as the team conducts a monitoring phase to search for bugs, abuses and exploits. Apart from this, the team highlighted …

Com2uS, the mobile game developer, wants to create its own version of Web3, “where it is free to play and own.” This is according to the company’s president Kyu Lee, who spoke at Korea Blockchain Week 2022 in Seoul, revealing the plan to launch a new blockchain. XPLA, which roughly represents the words explore and play, will be a blockchain network focused on the needs of the company’s gaming community, along with metaverse experiences. For Lee, blockchain was the obvious next step for the company’s presence in the gaming industry: “It was almost a no-brainer, [wouldn’t] you like to play …

It’s weird to think that anyone could look forward to downturns in the crypto market, but that is precisely the position held by many developers and project creators who enjoy the low-pressure environment that exists during a bear market. As the saying goes, bear markets are for building, and now is one of the best times to survey the landscape to see which sectors of the market are most active in designing the platforms that will soar to new heights in the next bull cycle. Here’s a look at five sectors of the blockchain ecosystem that may present some of …

The Otherside, a gamified metaverse project associated with the Bored Ape Yacht Club, is scheduled to deploy a technical demonstration of the first stage of the Otherside roadmap on Sunday, July 17 at 4 pm UTC. The First Trip experience will be exclusively accessible to Otherdeed land owners, known as Voyagers, and has been described by the platform as a “celebration of what’s to come and an opportunity for Voyagers to gather, explore and plan.” The company indicated that thousands of users could participate in the event, navigating through the curated arena of play that has been specifically designed for …

Knowledge is power — and in a market like this, access to accurate data is crucial for uncovering new opportunities. And as GameFi gains momentum, a new website is helping investors keep track of the newest gems in this burgeoning space. P2E.Game says it delivers information, tips and tricks to help crypto enthusiasts get the most out of blockchain games. As well as constantly updating intelligence on the latest initial DEX offerings, this portal delivers recommendations on the finest play-to-earn titles based on a number of key metrics — market performance and gamers' ratings among them. And once you've found …

Despite a backlash from a vocal part of the gaming community, a new survey has revealed one-third of gamers have expressed interest in using crypto in the Metaverse. And, more gamers than not believe that the Metaverse will have a positive impact on gaming. The survey was published on Wednesday by institutional software developer Globant. It was conducted by YouGov and polled 1,000 adult PC, console and/or mobile gamers last month, with 34% of respondents indicating an interest in conducting crypto transactions in Metaverse. The concept of play-to-earn (P2E) in the Metaverse is also relatively well received by gamers, with …

GameStop’s new nonfungible token (NFT) marketplace took home roughly $44,500 from transaction fees in the first 24 hours after it launched via a public beta on Monday. GameStop NFT reportedly generated around $1.98 million worth of NFT sales on its first full day of business. As the platform charges a 2.25% fee on NFT sales, this equates to roughly $44,500 worth of fees. While that sum may seem underwhelming, considering it would represent just 0.27% of GameStop’s daily revenue for 2021, it depends on the perspective. According to gaming news outlet Kotaku, GameStop had 4,816 stores across the U.S. at …

Bear markets are always tough, but one of the positives is they clear the clutter and this allows legitimate projects to stand out. While most investors are focused on the latest centralized finance (CeFi) and decentralized finances (DeFi) scandal, the blockchain gaming sector has quietly weathered the storm better than other niches of the market. As shown on the chart above, all sectors of the market have experienced a noticeable decline in active users, but the gaming sector has proven to be the most resilient at retaining users as the bear market intensified. Transactions continue to rise Further proof of …

Play-to-earn (P2E) metaverse game Axie Infinity appears to be on the mend, with its nonfungible token (NFT) sales volume pumping 205% over the past seven days. The project’s co-founder Jeff Zirlin echoed such sentiments via Twitter on Friday after he stated that the project was “healing” in reference to the strong adoption of NFT land staking, the Ronin bridge being back up and a notable uptick of game downloads and NFT sales. 22,000 Axies sold in the last 24 hours. Was at 7,000 a few weeks ago. Origin growing quickly with the new Alpha Season. 4,600 downloads yesterday. Bridge is …

Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games. The American firm announced the launch of Konvoy Fund III, with $150 million in capital that it plans to invest in a variety of platforms and technologies in the global gaming sector. According to Bloomberg, up to 30% ($45 million) of the fund will be allocated to the crypto and blockchain gaming space. Konvoy is no stranger to the world of cryptocurrencies and blockchain-based games. The firm boasts an impressive portfolio of gaming companies and projects which it has …