NPC Labs Secures $18 Million in Seed Round to Bring Gamefi to Non-Crypto Native Users

July 23, 2024 Bitcoin.com

NPC Labs Secures Million in Seed Round to Bring Gamefi to Non-Crypto Native Users

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NPC Labs, an onchain product distribution platform founded by former members of Base, has successfully raised $18 million in a Seed Round led by Pantera Capital. The funding round saw participation from prominent investors such as Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle Ecofund. This latest funding round brings the total […]

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Veterans of Mech Warrior 2, Gears of War and Mortal Kombat Unveil New Beta Phase for Blockchain Game

June 25, 2024 Bitcoin.com

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Studio369 has announced the third Closed Beta (CB3) period for its PvP mech shooter, Metalcore, set to commence on June 27th. This latest beta phase will introduce several new features, including session-based PvP scenarios, a faction war-centric PvE mission, and faction-based social hubs. The update also includes an enhanced in-game economy, allowing players to purchase […]

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Majority of gamers still unaware of blockchain gaming — survey

May 29, 2024 Coin Telegraph

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A OnePoll survey found that more than three-quarters of adult gamers have never heard of blockchain gaming or have never played a blockchain video game, indicating a huge untapped opportunity.

While blockchain games like Axie Infinity, Gods Unchained, Star Atlas, Decentraland, and The Sandbox continue to make waves within the blockchain community, their influence over the mainstream gaming community remains limited.

A recent poll conducted by OnePoll revealed that blockchain gaming is still a relatively untapped field, with huge potential for game developers and studios to take advantage of.

Out of 2,000 adults surveyed, 52% were not familiar with blockchain gaming at all, while 32% were aware of it but had never actually played a blockchain game.

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Blockchain gaming investments reached nearly $1B in April

May 17, 2024 Coin Telegraph

Blockchain gaming investments reached nearly B in April

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The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.

Blockchain gaming saw investments totaling $988 million in the month of April, the highest since January 2021. The number of daily unique active wallets also reached a record-setting 2.9 million for blockchain gaming.

DappRadar, in partnership with the Blockchain Gaming Alliance, released its April blockchain gaming report on 17 May. The banner month for the sector accompanies similar trends in the overall decentralized applications (Dapp) market.

According to the report, the recent boon can be attributed to several factors including renewed consumer interest in digital assets within the context of gaming:

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OKX Ventures invests in Web3 ‘play ARPG to train AI’ game Blade of God X

May 11, 2024 Coin Telegraph

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The game is currently available in early access on the Epic Games Store.

Crypto and Web3 investment fund OKX Ventures recently invested in the Void Labs action role-playing game “Blade of God X,” an early access title with a purported ‘play … to train” feature allowing gamers to steer an artificial intelligence (AI) model’s training through gameplay.

According to a press release from OKX Ventures, the play-to-train concept “not only merges advanced AI agents with blockchain technology, but also allows players to train their AI agents through gameplay.”

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VC Roundup: Gaming investments surge 94% in Q124 as market rebounds

May 1, 2024 Coin Telegraph

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This edition of Cointelegraph’s VC Roundup highlights Tevaera, AVALON, Uncharted, Contango, and Movement Labs.

Venture capital is seeing a strong comeback in the gaming industry, with a surge in both funding and deal volume.

According to Konvoy Ventures, a venture capital firm specializing in the video gaming industry, the first quarter of 2024 saw $594 million in gaming VC funding, marking a 94% increase from the previous quarter. Deal volume also rose 28%, with 124 deals completed.

Konvoy predicts the gaming market is projected to reach $225 billion by 2029, from $189 billion in 2023.

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Gods Unchained Goes Mobile: Play-to-Earn NFT Game Launches on Google Play and Apple App Store

February 29, 2024 Bitcoin.com

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On Thursday, the creators of the Immutable X-powered non-fungible token (NFT) game Gods Unchained announced that the game is now accessible on mobile devices. The Gods Unchained application has made its debut on both the Google Play Store and Apple’s App Store across the globe. God’s Unchained Launches Mobile Application The popular play-to-earn strategy card […]

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Aurory’s USDC pool drained on Arbitrum’s DEX Camelot

December 17, 2023 Coin Telegraph

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According to initial reports and on-chain data, the attack targeted Aurory's SyncSpace bridge, draining nearly 80% of the AURY-USDC pool's liquidity.

Solana-based gaming ecosystem Aurory was reportedly breached on Dec. 17, resulting in a drop of nearly 80% in liquidity of the AURY-USDC pool on the decentralized exchange (DEX) Carmelot.

According to unconfirmed reports on X (formerly Twitter), the exploit targeted Aurory’s SyncSpace bridge on Arbitrum's native DEX Camelot around 13:00 UTC, reducing the liquidity of the AURY-USDC pool to roughly $312,000 from $1.5 million.

Cointelegraph reached out to Aurory's team, but has yet to receive a response.

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How the crypto bull run can impact Web3 gaming beyond play-to-earn

December 13, 2023 Coin Telegraph

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Web3 gaming has remained unfazed by the bear season. But how does the expected bull run impact interest in blockchain-based games?

On-chain data tracker DappRadar recently reported that another $600 million was poured into Web3 gaming projects in Q3 2023, making the total investments surpass $2.3 billion in the year so far.

Another report from the blockchain gaming community, Game7, indicates a stabilization in Web3 gaming despite the market correction.

The interest in Web3 gaming — a general term used to describe the ecosystem housing blockchain-based video games — is clear and remains unfazed by the so-called “crypto winter.”

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Game studios quietly integrate blockchain without the buzzword

December 6, 2023 Coin Telegraph

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Blockchain technology is facing backlash from players and gaming developers, forcing some studios to avoid "buzzwords" tied with Web3.

Cointelegraph was on the ground during the second edition of the Madeira Blockchain 2023, held between Nov. 30 and Dec. 1. The event featured regional Web3 developments, as well as how the Portuguese islands are looking for startups and tech talent to grow their economy in the digital age.

During a roundtable discussion at the conference, studios working on blockchain features discussed the challenges associated with integrating the technology into games, including acceptance from game developers, players and publishers.

Redcatpig is a Web3 studio engaged in developing blockchain features, but the firm ran into obstacles integrating the technology into its pipeline. "One of the toughest challenges I faced was communicating with my internal team to help them understand that this [blockchain] technology can greatly benefit gamers and enhance games," noted Marco Bettencourt, CEO of Redcatpig.

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