The play-to-earn boom has left many blockchain games on the scrapheap because they relied upon unrealistic tokenomics. Here, Angelic's Founder and CEO Erkan Bayol explains why, despite all of this, NFTs have huge potential in the world of gaming — as long as they're added in the right way. 1. What are AAA games — and how can NFTs make them better? AAA games are the pinnacle of the entertainment industry — bringing art, technology and literacy together. They're the gaming equivalent of the biggest blockbuster movies in Hollywood — and better still, they're interactable. NFTs and blockchain technology enhance …

Third-quarter trading volume for the top 10 Metaverse projects may have fallen 80% compared to the second quarter, but analytics firm Dappradar suggests that interest in virtual worlds still remains. The Metaverse sector has been hit with a fair amount of negative press as of late, particularly around suggested low user activity across certain platforms, such as Decentraland and Meta — reports which they have refuted. DappRadar noted in an Oct. 20 report that while trading volumes have taken a sharp hit during Q3, the average number of NFT sales for these 10 projects only decreased by 11.55% compared to …

GameFi is one of the hottest buzzwords in crypto right now — but winning over players has proven to be a bit challenging. Today, most GameFi projects use the play-to-earn (P2E) model, which focuses primarily on earnings and doesn't pay attention to what matters most: fun features that attract and retain gamers. Some projects have been criticized for offering low-quality gameplay, punctuated by janky graphics and difficult-to-understand controls. But this project says it has the answers — and has the potential to deliver an immersive product that the crypto community has been waiting for. Artyfact is the first Web3 gaming …

Meta, the parent company of Facebook and Instagram, announced its latest virtual reality (VR) headset at the Meta Connect 2022 event on Oct. 11. The company introduced new features to enhance digital avatars, which raised privacy concerns regarding data collection. The Quest Pro is the latest piece of VR technology released by Meta as it continues its push into the metaverse. It utilizes five cameras inside the headset, which are positioned to watch and track a person’s facial expressions and eye movements. In addition, it has five external cameras, which will be employed in the future to track other bodily …

OpenSea has officially opened up support for the Avalanche blockchain, with the move providing broader access for the network’s native NFT projects and faster transactions for OpenSea users. The Avalanche team noted in an Oct. 12 blog post that around 10 of the network’s native NFT projects have been initially listed on OpenSea, with more to come. “On Avalanche, OpenSea users will benefit from the fastest time to finality for NFT trades — regularly settling transactions in under a second — and consistently low transaction fees as a result of Avalanche’s success in horizontally scaling with Subnets,” the post reads. …

So, is blockchain ready to take on the Metaverse journey? In essence, the ideal metaverse must be on blockchain rails, which mandates inclusive incentives centered around creators and users while still offering immersive and seamless virtual experiences. The Metaverse is not just about the experiential elements; it is also about the economic aspects. The financial incentives must be centered around the real value creators. Those who create content, and regularly interact and transact on the platform are the ones who are creating value. While the economic model possibilities are exciting, and several hopeful glimpses of these possibilities have emerged, there …

The metaverse has potential to transform the way we work, socialize, party and even do business — but looking at the infrastructure that exists right now, and some would accuse this industry of running before it can even walk. Many virtual worlds are making bold promises about what they plan to achieve in the years to come, yet lack a tangible product people can try out now. Even those that have launched often suffer from poor graphics, a disappointing user experience, or a lack of quality content. This is a bigger problem than meets the eye. If a customer's first …

Luxury brand Hermès is laying the groundwork for its entrance to Web3 after filing a trademark application covering NFTs, cryptocurrencies, and the Metaverse. According to an Aug. 26 filing to the United States Patent and Trademark Office (USPTO), the trademark covers downloadable software to view, store and manage virtual goods, digital collectibles, cryptocurrencies, and NFTs “for use in online worlds.” It also filed trademarks for “retail store services featuring virtual goods” as well as fashion and trade shows in “online virtual, augmented or mixed reality environments” and for “providing an online marketplace for buyers and sellers of virtual goods.” Luxury …

The metaverse sector is witnessing its very-own housing crisis moment thanks to massive declines in the prices of its virtual lands in 2022, led by waning users' interest and a crypto bear market. Land sales plunge 85% in 2022 In particular, metaverse projects built on the Ethereum blockchain, including the Sandbox and Decentraland, have witnessed substantial declines in their valuations and other key metrics, data from WeMeta shows. For instance, the average price of lands sold across Decentraland peaked at $37,238 in February 2022. But as of Aug. 1, their costs had dropped to an average of $5,163. Similarly, the …

According to a Monday announcement, this virtual version of the Playboy mansion will feature a host of gaming, social and programmed events, along with future nonfungible token (NFT) collectible releases from the firm. Iconic and raunchy “lifestyle brand” Playboy has teamed up with NFT-based Metaverse gaming platform The Sandbox to launch the MetaMansion. Anybunny home? We're teaming up with none other than.... @playboy! ‍♀️ Together, we will be creating a Playboy MetaMansion social game inside #TheSandbox with #NFT collectibles & special experiences for the Rabbitar @PlayboyNFTs community! pic.twitter.com/3l6Wq6ncvt — The Sandbox (@TheSandboxGame) July 11, 2022 The MetaMansion also builds on …

The metaverse space is moving rapidly in terms of hype and the volume of new projects being launched — so much so that the industry market size is projected to grow from $100.27 billion in 2022 to $1,527.55 billion by 2029. But how many of these new projects are even remotely capable of realizing the actual vision set out? We’re a long way from seeing a true metaverse Many of the metaverse projects that have been launched are in the world of gaming. However, more often than not, these projects simply consist of standard gaming features combined with virtual reality …

Just recently, Yuga Labs, the team behind the world-famous bored nonfungible token (NFT) primates, nabbed some $300 million with its sale of Otherdeed NFTs, a collection of land plots in a soon-to-be metaverse. Indeed, NFTs, the blockchain industry’s primary method of creating digital asset scarcity, have emerged as the preferred way to handle virtual land ownership for most metaverse projects, including Decentraland and The Sandbox. All of this has prompted an interesting question in the community: In the metaverse, a vast, near-endless digital space, how can digital land ever be scarce? Well, let’s dig in. First and foremost, let’s address …