Games and the Metaverse—and their three-pronged problem
The current game monetization model is broken, but it can be fixed by allowing the player to risk and win their own rewards by defeating other players, like in an actual competitive sport.
Latest online gaming News
Court in China rules blockchain-based P2E games are not protected by law
Play to earn games and their in-game assets do not have the same levels of investor protection as traditional investments, according to the court ruling.
Arab esports body wades into Web 3 via chess partnership
Checkmate has been named as Arab Esports Federation's official chess platform, a team-up that is expected to massively transform the online gaming industry in the Gulf region.
Philippine Blockchain Week kicks off with frontier technologies at the forefront
Thought leaders, key business players, and enthusiasts gather at the Marriott Grand Ballroom in Pasay City for the inaugural Philippine Blockchain Week to shape the country’s digital landscape.
Regulation on Philippine gaming industry sought as digital advocates cry foul
Senator Sherwin Gatchalian says there is a need to regulate the Philippines' video and online gaming industry to curb violence among minors, a move decried by digital advocates.
Fyx Gaming’s Adam Kling talks fixing blockchain gaming on CoinGeek Weekly Livestream
Interview of Kurt Wuckert Jr. to Adam Kling about the growth of his company and its flagship product CryptoFights, what his future plans are, what Web3 is and what it isn’t, and more.
Web3 gaming: India should be a leader, not a tech support center
According to a 2021 NASSCOM Industry report, over 800,000 new Web3 jobs could be created by 2030 in India; however, the ambiguity of this industry could likely lead to further brain drain.
Zetly and PowChess announce partnership to offer more BSV blockchain-based games
The sports platform Zetly would like to announce its partnership with PowChess. The two companies are working together to allow more people to play online games using the BSV Blockchain as its core platform.
South Korea’s failure to lift ban on P2E games discourages game makers: report
President-elect Yoon Suk-yeol promised to lift the P2E ban as part of his campaign to open up South Korea to blockchain innovation, but the promise has not been kept.
BYONFT: Bring your own non-fungible token
The so-called JPEG NFT appears to be dying out in favor of one that actually add value for example exclusive access. If JPEG NFTs exist that also have utility, then what is the point of solely JPEG NFTs?
Haste Arcade raises $1.5M in oversubscribed fundraising round
Co-founder Dan Wagner says they originally sought $1 million that will go towards building a foundation for the Haste product, as well as to test their assumptions around product and market fit.
Here’s how blockchain tech will change online gaming
In the past, players either purchased the game, subscribed monthly, or funded gameplay, but now with the blockchain-based play-to-earn model, players make micropayments of fractions of a cent.