All about GameFi Industry

Location: Developer Hands

🤖 Metalcore is a first-person sci-fi shooter and third-person mech operating game currently in early access on the Epic Games Store. The game will use the Immutable zkEVM blockchain to host its NFTs, which are vehicles, weapons, crafting elements, and other items. Mech Shooter 'MetalCore' Is 'Titanfall' Meets 'Destiny' With an NFT Twist

🟪 Delysium is a sci-fi MMORPG in development that will use both blockchain and AI elements. The game is currently slated to launch sometime in 2025, according to its Epic Games Store page. Players will be able to vote on game changes with the ERC-20 governance token AGI and buy NFTs on Immutable’s marketplace that can customize their characters and weapons. Esports Giant Team Liquid Reveals Collab With NFT Game Illuvium

⚔️ Blocklords is a bird’s-eye view medieval strategy and simulation MMO currently in early access on the Epic Games Store. Players must select their own plot of land, build and staff a village, fight off invaders, and direct workers to mine, harvest, and complete other tasks. In Blocklords, story-based “choose your own adventure” moments will appear, where players must pick a response to various events—and face a range of consequences. Blocklords currently uses the Immutable X and Polygon blockchains for its optional NFTs, according to its Epic Games Store page.

💻 Every Game on Ethereum Scaler Immutable in the Epic Games Store Cryptocurrency startup Immutable is a games-focused company with an Ethereum layer 2 blockchain, Immutable X, as well as the upcoming zkEVM blockchain, which has already launched its test network at the time of writing. Many games are using Immutable's technology to provide faster and cheaper on-chain interactions than Ethereum's own mainnet, and some of these games have started to arrive on the Epic Games Store, a major mainstream PC gaming marketplace. The next series of posts will focus on these particular games that utilize Immutable's networks

🌒 Warped Games Launches WARPED Token, Making Waves in Web3 GameFi with Over $6 Million in First-Day Volume Warped Games launches its new utility token, WARPED on December 1, 2023, drawing attention in the gaming and cryptocurrency communities. With more than 800 holders already demonstrating their confidence in its potential, the project recorded an impressive first-day trading volume of nearly $7 million. The WARPED utility token launch marks a major milestone in Warped Games' journey, cementing their place as a contender to watch in the Web3 gaming sector. This achievement is seen as a testament to their expertise and abilities in adapting and overcoming obstacles often encountered in the space.

🌐 Animoca to become TON blockchain’s largest validator Animoca Brands will invest in the TON blockchain protocol and become its largest validator as it eyes GameFi development on the platform. Web3 investment firm Animoca Brands is set to become the largest validator on The Open Network (TON) blockchain, and it plans to deliver blockchain-based games to messaging application Telegram’s 800 million users. An announcement shared outlined how the partnership will involve funding, research and an analytics platform for third-party TON ecosystem applications. The value of Animoca’s investment was not disclosed by publication. However, part of the investment is understood to have been made directly into Toncoin, which has been staked as part of the validator agreement.

🐉 Axie Infinity unveils NFT monetization solution, official merchandise Axie Infinity (AXS), the widely-played blockchain game and metaverse project, has unveiled a novel initiative, allowing its non-fungible token (NFT) owners the commercial rights to produce and sell authorized merchandise. This announcement coincides with Sky Mavis, the game’s developer, launching a dedicated merch store for the Axie Infinity intellectual property. According to Sky Mavis, owners of specific Axie NFTs will now have the opportunity to create and sell their products, marking a significant step into user-generated content (UGC) and commercialization. A select group of 4,877 Axie NFT holders, possessing Mystic and Origin Axies now have the freedom to utilize their NFT characters as mascots for launching businesses. The Axie team recommends possibilities such as starting Axie-themed cafes, comics, restaurants, or toy collections, thanks to the lifted restrictions.

📱 Nine Chronicles M, on-chain MMORPG game, launches on mobile Planetarium Labs, a web3 gaming company, has released its open-world fantasy game Nine Chronicles on mobile. The game allows players to explore different environments, harvest resources, craft materials, customize their avatars, engage with others, and trade items for real money on the company’s blockchain. It also features realistic in-game mechanics and economics that mirror real-world marketplaces. With the release on mobile–live on Apple’s App Store and Google’s Play Store, the company aims to expand its user base and bring blockchain-based decentralization to mobile users. The game has garnered pre-launch interest, with over 200,000 users signing up because of rewards and bonuses, including unique costumes, in-game items, sweepstakes, and exclusive access to events and games.

💀 Ubisoft's 'Champions Tactics' NFT Game Is Coming to Animoca's 'Mocaverse' Crypto gaming company Animoca Brands is adding Ubisoft’s upcoming NFT game Champions Tactics: Grimoria Chronicles to its Web3 Frequent Player Program, Animoca Brands announced Tuesday. Animoca’s Frequent Player Program is a part of its NFT Membership project called Mocaverse, where Moca ID owners can earn “Realm Points” by completing various participation-based tasks, according to the announcement.

🏰 Ubisoft Halts Twitter Ads, Joining IBM, Apple, Disney, Warner Bros. The Assassin’s Creed publisher’s advertising pause comes after tech firms like Apple, IBM, and Oracle as well as Hollywood studios like Disney, Paramount, Lionsgate, Comcast, NBCU, and Warner Bros. Discovery stopped running ads on the social media platform due to concerns that antisemitic content is swirling on the site unchecked. While Ubisoft’s exact reason for suspending its Twitter ads has not yet been confirmed, the parade of billion-dollar firms pulling ads from the platform could have certainly influenced the game studio’s decision.

🌌 Web3 Gaming Fusionist Set to Launch ‘Fusionist Beta II’ on Steam Web3 gaming company Fusionist, in a recent post on X (formerly Twitter), announced the planned launch of its second beta test phase, “Fusionist Beta II: Galactic Duel,” on the Steam platform. The platform said Steam beta codes have been sent out to users ahead of the launch on November 22.

🔑 Free-to-play Web3 games hold the key to mass adoption, YGG co-founder Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon. Dizon said unlike games such as Axie Infinity — which require players to purchase at least three Axie nonfungible tokens (NFTs) to play — the new wave of hyper-successful Web3 games will seek to remove as many of the financial and technical barriers to entry as possible.

🎮 Ubisoft Will Give Away Free Ethereum NFTs for 'Champions Tactics' Game Gamers might have groaned when mega-publisher Ubisoft added Tezos NFTs to Ghost Recon Breakpoint in 2021, but the company behind Assassin’s Creed and Just Dance hasn’t cooled on blockchain tech. In fact, the firm plans to hold a free Ethereum NFT mint for its upcoming game. On Thursday, Ubisoft announced via Twitter that it will host a free NFT mint for a series of profile pictures (PFPs) tied to Champions Tactics: Grimoria Chronicles, an upcoming game that’s set to be built on the gaming-centric Oasys blockchain. Users will only need to pay Ethereum network gas fees to mint the NFTs. The Warlords PFPs appear to be designed like pixel heroes from old-school games. According to the official website, the Warlords NFTs will offer early access to holders to mint the eventual in-game Champions figurines, which will also be free.

🏠 Bazooka Tango Raises $5 Million to Revive 'Shardbound' as NFT Game Bazooka Tango, a studio formed by former developers of the fantasy MOBA game Vainglory, has secured $5 million in a new round of funding led by Bitkraft Ventures, the game studio announced Thursday. RW3 Ventures, Sfermion, and 1Up Ventures also participated in the round. Bazooka Tango plans to use the fresh funding to expand its team and further development on its upcoming title, Shardbound, which has committed to launch on the upcoming Immutable zkEVM network. “Amid an incredibly challenging year for VC funding, it speaks volumes to the quality of our games,” said Bazooka Tango CEO Bo Daly in a statement in response to the funding news. “We are focused on expanding our team in critical disciplines essential for launching and growing the Shardbound universe,” Daly added.

🌆 Square Enix-Backed Atlas Uses AI to Turn Text and Images Into Game Worlds A Vienna-based 3D generative AI platform emerged Tuesday on the red-hot AI game development scene flush with $6 million in funding. In shedding its stealth status today, Atlas says it will develop better AI models for the gaming industry, where it is already shortening the typically long development process to a few prompts and a few hours of AI generation — putting the industry within reach of many more creators.

️ GameFi Crypto Pikamoon raises $4.25 million on ICO – $PIKA GameFi Crypto Pikamoon is racing through its ICO and has raised over $4.25 million. The appeal of this P2E project featuring Pokemon-esque creatures is attracting a lot of investors who are interested in its benefits. With its unique P2E mechanic featuring Pikamoon – creatures that players can own, raise, and use for battle – Pikamoon is shaping up to become one of the leading gaming cryptos in 2023.

🛑 Why So Many Crypto Games Are Switching Chains While a fledgling industry, blockchain gaming has already faced massive challenges—resulting in a swath of games being put on indefinite pause by their respective developers, while others switch chains. In 2022, a staggering 157 blockchain games were “halted” or otherwise stopped development, while another 43 titles were halted in 2023, according to a new Game7 report on the state of the Web3 gaming industry. Game7 is a decentralized community or DAO focused on blockchain gaming adoption. Game7 core contributor George Isichos told Decrypt that the blockchain or “Web3” games that stopped development this year struggled to get financial support and were generally titles that were established before 2021.

🪙 Gamefi Tokens' Valuation Swells by $4.5 Billion, Eclipsing AI Crypto Sector's Growth Over the last month, the crypto market has seen appreciable gains, reaching a valuation of $1.4 trillion. Certain areas, however, have registered more pronounced increases against the U.S. dollar. Data reveals that the top gaming tokens from the game finance (gamefi) sector have experienced significant growth over the past week. From the onset of 2023, the market valuation of the gamefi token sector has increased by $4.54 billion, attaining its current value of $11.49 billion.

🦕 Blockchain game Illuvium goes mainstream with looming Epic Games Store listing Blockchain-based game Illuvium is set to tap into an audience of millions of PC and mobile gamers with its upcoming listing on Epic Games Store, which is home to massively popular titles like Fortnite.