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Web3 gaming gets competitive edge as Maniac Panda Games joins Cointelegraph Accelerator

European game studio Maniac Panda Games aims to onboard mainstream players to Web3 with its flagship MMO title.

As the Web3 gaming landscape is getting bigger by the day, mainstream players who enjoy playing popular titles games such as PUBG, Fortnite or Apex Legends are starting to take notice. However, there’s still a technical understanding barrier before Web3 gaming can reach a broader audience. Players need gameplay elements that they are familiar with to warm to blockchain games that usually come with technical lingo like play-to-earn (P2E), nonfungible tokens (NFTs) or crypto wallets.

The gaming world is no stranger to blockbuster titles that initially started as an adaptation of literary work. From The Witcher series to the first Bioshock (which was inspired by Ayn Rand’s dystopian classic Atlas Shrugged), using books as a reference for worldbuilding is a tried-and-true method for game developers. An upcoming Web3 game applies the same formula by building a virtual world around a fantasy saga to create the familiar feeling of ‘becoming someone else in an alternate world’ for players.

Inspired by the fantasy Outer Ring saga of novels of the same name written by Daniel Valdés-Araiz, CEO of the company, Outer Ring MMO is set in a lore-rich universe that has five species divided into four different factions, all fighting for control and resources. The game is a online multiplayer role-playing game (MMORPG) with extensive gameplay that ties in multiple components, including PvP, PvE, housing and crafting in a vast, sci-fi-themed metaverse.

Using 3rd person perspective, players can compete against each other, engage with brands and in-game businesses in real-time, socialize and monetize the time spent in the game. Known for their Valorant performance, major esports club Team Heretics announced that they will take part in the Outer Ring MMO PvP experience.

A defining characteristic of Web3 gaming is its user-centric economy, where players can own, trade and monetize game-related assets. As blockchain technology enables the creation of economic infrastructure in Web3 games, native tokens or NFTs created on the same network can act both as an in-game item and a crypto asset that can be traded on different marketplaces. Similarly, the player-driven economy found in Outer Ring MMO  enables users to generate in-game assets and items and then convert them to NFTs. Through this process, players can own those objects and generate value by selling them.

Introducing a Scavengon, one of the 5 playable races in the game. Source: Outer Ring

Introducing a Scavengon, one of the 5 playable races in the game. Source: Outer Ring

In terms of tokenomics, Outer Ring MMO is built as a part of the developers’ Galactic Quadrant (GQ) ecosystem. It would use the same GQ token as the governance currency, while Exocredits (EXO) will act as the in-game currency. Other games to launch within the same ecosystem already available to play in their early stages are the racing game RacerLoop, the trading card game Underground Waifus and the gambling title CryptoDuels.

Developers at Maniac Panda Games, the gaming branch of Nexxyo Labs - a 300-employee Spanish studio regarded as one of the largest Web3-native video game studios in Europe - aim to seamlessly connect Web2 and Web3 gaming. The studio is looking to introduce Web3 gaming to the masses through their flagship AAA-tier game developed by former talent at Rockstar Games (the studio after Grand Theft Auto), Ubisoft and Electronic Arts. Cointelegraph Accelerator selected Maniac Panda Games as a participant of the program with an aim to boost adoption in Web3 gaming space.

Launched in 2023, the Cointelegraph Accelerator program aims to help up-and-coming Web3 ventures reach a broader audience and acts as a catalyst in assisting them in achieving their Web3 potential. By becoming a part of the program, Maniac Panda Games will tap into Cointelegraph’s global audience and its established leadership in the crypto and blockchain media landscape since 2013.

Aside from Cointelegraph Accelerator, Outer Ring MMO has seen interest from organizations in a wide range of industries, including basketball club Baskonia-Alavés, movie theater chain Kinépolis and decentralized finance app DexTools. All of them have sealed deals to tap into Web3 by the hand of Outer Ring and have their respective functional presence and integrations running within the game to interact with users and players. Following the closed pre-alpha release of Outer Ring MMO, which is slated for June 28, 2023 for PC and Mac operating systems, the team will continue to develop the game’s player-driven economy and expand the overall GQ ecosystem with more strategic partnerships.

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Web3 gaming gets competitive: QORPO Game Studio joins Cointelegraph Accelerator

Web3 game developer QORPO Game Studio aims to introduce competitive esports to the Web3 gaming ecosystem.

The Web3 gaming world saw consistent growth and exciting developments in the first quarter of 2023, according to a DappRadar report. Traditional Web2 gaming companies started to notice blockchain technology’s potential, resulting in a total of $739 million invested in blockchain games and metaverse projects during the first quarter of 2023.

From the open-world role-playing games to battle royale-themed shooters, gaming quickly turned to a major point of interaction between users and Web3, with almost half of blockchain activity coming from gaming. While play-to-earn provides a fresh take on players’ experience of a game, there’s an even bigger potential for Web3 gaming with microtransactions. Web2 gaming offers skins or other in-game items via microtransactions, but the inefficiency and lack of transparency of traditional payment methods are often met with criticism from players.

Founded in 2018, QORPO Game Studio seeks to pair up blockchain technology and esports — a major Web2 gaming trend with skyrocketing popularity — to act as the gateway between traditional gamers and Web3 opportunities. The Web3 game developer joined the Cointelegraph Accelerator Program to ramp up the development of end-to-end blockchain gaming solutions.

Citizen Conflict is a PvP shooter in which heroes with different skills and gameplay compete against each other. Source: Citizen Conflict

Citizen Conflict is a PvP shooter in which heroes with different skills and gameplay compete against each other. Source: Citizen Conflict

Given a team of seasoned game developers who previously worked on major titles, including Arma 3, Overwatch and Mafia II, the studio’s main project Citizen Conflict, a free-to-play shooter, aims to bring triple-A gaming to Web3. Citizen Conflict is a team-based cyberpunk shooter created in Unreal Engine 5 where three hostile organizations wage an endless battle for dominance.

Players will heavily rely on vehicles to get around the world of the Ether Islands with gameplay that is characterized by its humorous yet gritty gameplay that evokes a war-like environment and trading features brought about by blockchain technology. Following its alpha test in Q2 2023, QORPO Game Studio is planning a public beta phase of its competitive mode in the third quarter.

QORPO Game Studio is also working on an open-world action RPG, AniMate, which aims to deliver extraction and battle royale gameplay. Inspired by companion-based adventures such as Pokemon, AniMate takes players to a world divided into islands and centered around five essential elements.

AniMate blends Pokemon-esque graphics and narrative with Fortnite’s battle royale game mechanics. Source: QORPO Game Studio

AniMate blends Pokemon-esque graphics and narrative with Fortnite’s battle royale game mechanics. Source: QORPO Game Studio

Users will be able to customize their characters and join an open world to engage in dangerous challenges as they battle other players and loot NPC-guarded camps. Each monster has unique powers and is subject to different weaknesses at various stages of evolution. Following the release of the game, QORPO Game Studio also plans to launch AniMate comics and a physical trading card collection.

The Cointelegraph Accelerator program helps fresh Web3 startups and projects prosper by leveraging Cointelegraph’s network and leadership as the leading crypto and blockchain media outlet since 2013. As part of the program, QORPO Game Studio will continue developing its two titles, focusing on bringing the skill-based competitive niche to Web3 gaming.

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Gaming Represents the ‘Largest Scale Opportunity’ for Crypto, Says Polygon (MATIC) Co-Founder

Gaming Represents the ‘Largest Scale Opportunity’ for Crypto, Says Polygon (MATIC) Co-Founder

The future of crypto lies with gaming, according to Sandeep Nailwal, the co-founder of Ethereum (ETH) layer-2 scaling solution Polygon (MATIC). Nailwal conducted a Reddit ask-me-anything (AMA) session on Thursday and Friday, responding to questions about his project and the crypto space at large. When asked about potential real-life use cases for the blockchain, the […]

The post Gaming Represents the ‘Largest Scale Opportunity’ for Crypto, Says Polygon (MATIC) Co-Founder appeared first on The Daily Hodl.

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

One Crypto Sector Will Provide the Most Upside in Next Bull Cycle, According to Top Trader

One Crypto Sector Will Provide the Most Upside in Next Bull Cycle, According to Top Trader

A trader who called the end of the Bitcoin (BTC) uptrend in 2021 says he’s keeping a close watch on one crypto sector that he thinks can outperform in the next bull market. Pseudonymous analyst Pentoshi tells his 691,100 Twitter followers that he believes crypto’s gaming sector will see big gains in the next bull […]

The post One Crypto Sector Will Provide the Most Upside in Next Bull Cycle, According to Top Trader appeared first on The Daily Hodl.

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Web3 zombie apocalypse is here: Last Remains joins Cointelegraph Accelerator

Backed by industry heavyweights; this new blockchain game aims to get a foothold in the competitive arena.

Blockchain-based gaming has gained momentum in recent years as the novel sensation in the crypto universe, to the point where blockchain games accounted for half of all blockchain activity in early 2023. As the trend expands, new players have joined the fray, looking beyond the initial token-collection craze and shifting the focus to gameplay elements.

The latest and greatest games are built with players’ evolving needs in mind, taking into account the popular genres that captivate the public, such as stealth and battle royale. On top of those, Last Remains is also looking to throw a zombie twist into the Web3 gaming scene.

Gameplay improvements drive blockchain gaming adoption. Source: BGA

Gameplay improvements drive blockchain gaming adoption. Source: BGA

Last Remains, a triple-A Web3 multiplayer battle royale zombie game that previously secured $4.75 million in funding from notable players in the crypto industry, including CoinFund, Fabric and Animoca Brands, has become the latest strategic partner of the Cointelegraph Accelerator — the startup booster leveraging Cointelegraph’s media capabilities.

Developed by a team with prior experience at Riot Games, Bethesda, Junglee Games and Blizzard Entertainment, Last Remains seeks to take the much-loved formula and bring it to a new level of quality by making use of Web3 technologies.

Staying true to the dynamics of the battle royale genre, players in Last Remains start the round at random locations throughout a zombie-infested city. While they begin with no real means to survive, the city map has no shortage of lootable items, consumables and weapons.

Combat-wise, the game offers a mix of Assassin’s Creed stealth action and PUBG’s iconic battle royale elements. Players can sneak up on the zombies, take them down with melee weapons, or rush in guns blazing.

In Last Remains, players will have to outlast both other players and zombies. Source: Last Remains

In Last Remains, players will have to outlast both other players and zombies. Source: Last Remains

It’s up to the player to pick from a large selection of weapons to fit their playstyle, from the iconic frying pan to the ever-popular katana. The ultimate goal is to survive until the rescue team swoops the winner up from an ever-shrinking active map. Among the first three players who reach the pick-up point, the one with the highest score — based on their loot and kills throughout the game — takes the round.

As part of its launch roadmap, the Last Remains team announced the minting of the first 5,000 Genesis Character nonfungible tokens. Following the sale, developers will spend the rest of Q2 conducting monthly alpha tests, followed by the beta phase in the next quarter.

The Cointelegraph Accelerator Program supports up-and-coming Web3 startups and projects by providing exposure through Cointelegraph, the pioneering crypto and blockchain media since 2013. The program picked Last Remains as a partner for its focus on gameplay, high production quality, the strong backing the game has received, and the developers’ track records. As part of the Accelerator program, Last Remains aims to establish its brand in the competitive arena by partnering with content creators and game developers.

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NFT.NYC: Play-to-Earn is not dead, but game publishers are looking for alternatives

Cointelegraph team was on the ground in New York to bring exclusive insights from the NFT event.

The Play-to-Earn (P2E) business model may not be dead, but game publishers and developers are exploring alternatives to replace it, according to a panel at the NFT.NYC 2023. Cointelegraph team was on the ground in New York to bring exclusive insights from the NFT event. 

According to the CEO of gaming platform OP Games, Chase Freo, companies that branded themselves as P2E are shifting their strategy amid the crypto prices downturn. "It's a model that is not sustainable at all," he noted, citing Axie Infinity's shift in some of its flagship titles as an example.

From left: Chase Freo, Minoru Yanai, Paul Flanagan, and Paul-David Oosthuizen at the NFT.NYC 2023. Source: Cointelegraph

Minoru Yanai from Minto, a Japanese manga and anime design company, said that game companies are now "looking at play and fun, and sometimes earn or swap," adding that players can still earn tokens and rewards, but publishers and developers are more focused on being sustainable and flexible.

Also speaking at the panel, Paul Flanagan, head of business development at Estonian mobile game developer CM Games, claimed the core problem with P2E models is that it is a "zero-sum". "As we all know, most of them are Ponzi schemes, so if you are putting branding sponsorship as a source of money that might work, but we still need to see that happening," he said.

Related: Play-to-Earn vs. Move-to-Earn explained

Alternatives flourishing in the industry include marketplaces and partnerships that allow players to return tokens to the game ecosystem instead of playing and liquidating them, the panelists noted. "More companies right now are trying to make sure that the game has a really good core loop that enables these players to put back whatever they earn into the game. That's very challenging [...]. I don't think Play-to-Earn is ever going to come back, but there will be variations of how it's going to look like in the future," stated Freo.

Speakers on the panel also highlighted that the Web3 gaming industry is seeing more tangible products on the market following years of development. Especially in East Asia, a better regulatory environment is also allowing Web3 gaming companies to raise more funds and seek alternative business models, as well as solutions to improve players' experience.

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$35,000,000,000 Investment Firm Calls One Sector ‘Huge Opportunity’ to Onboard New Crypto Users

,000,000,000 Investment Firm Calls One Sector ‘Huge Opportunity’ to Onboard New Crypto Users

Venture capital firm Andreessen Horowitz (a16z) says that one industry could spark a large wave of adoption of digital assets. In a new “State of Crypto” report, the firm’s crypto arm a16zcrypto says that Web3 gaming is a sector primed to attract more crypto users. Says the report, “Web3 games are a huge opportunity to […]

The post $35,000,000,000 Investment Firm Calls One Sector ‘Huge Opportunity’ to Onboard New Crypto Users appeared first on The Daily Hodl.

Matrixport Report Suggests Bitcoin May Enter a Consolidation Phase

Former Activision Blizzard executive joins Yuga Labs as CEO

With Daniel Alegre on board, Yuga Labs is expected to ramp up its metaverse efforts. Previously, he held leadership positions at Google, Activision Blizzard, and Bertelsmann.

Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and CryptoPunks NFT collections, has a new CEO: Daniel Alegre. The executive resigned as president and chief operating officer of the gaming giant company Activision Blizzard to join the NFT startup on April 1. 

"Couldn't be more excited for this next chapter," he wrote on Twitter. Alegre was a key player in Activision Blizzard's growth in the past years, overseeing popular gaming franchises like Call of Duty, World of Warcraft, Diablo, and Candy Crush.

The executive has been involved in the gaming, entertainment, and technology industries for many years. According to his LinkedIn profile, he worked for the German media conglomerate Bertelsmann for nearly six years before joining Google, where he served for more than 16 years in various leadership positions overseeing areas such as global shopping revenue, retail ecosystem engagement, as well as operations in Asia Pacific and Latin America.

Yuga Labs announced Alegre's arrival in December. In a press release at the time, the executive said  “the company’s pipeline of products, partnerships, and IP represents a massive opportunity to define the metaverse."

The opportunities will also come with challenges. A class-action lawsuit filed in December in the United States accuses BAYC creators of misleading investors about financial benefits of Yuga securities, as well as using celebrity promoters to lure in more investors. Investors that bought BAYC and APE between April 23, 2021, and Dec. 8, 2022 may be entitled to compensation, claims Rosen Law Firm.

Aside from that, Yuga Labs co-founder Wylie Aronow took a leave of absence in January to prioritize his health following a congestive heart failure diagnosis. It's unclear when he will be able to resume his responsibilities.

Alegre's arrival has been considered a bold move in the NFT industry. Kieran Warwick, co-founder of blockchain role-playing game Illuvium, said that Yuga Labs’ new hire is “big for all of GameFi,” suggesting that Web3 gaming will spark the next crypto bull run.

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Non-Fungible Token Sales Slid 31% Lower in March With $882 Million in NFT Sales

Non-Fungible Token Sales Slid 31% Lower in March With 2 Million in NFT SalesAccording to statistics, the number of non-fungible token (NFT) sales in March was 31.42% lower than the previous month, dropping from $1.03 billion in sales for February to $882.89 million. The number of NFT buyers and transactions also declined, by 22% to 29%, over the last 30 days. March NFT Sales Slow, Ethereum Sales Dominate […]

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Huobi partners with Gala Games for L1 and Web3 development

Huobi Global has joined hands with Gala Games, a blockchain-based play-to-earn gaming platform, to work together on the investment and listing of Web3 projects.

Huobi Global, a cryptocurrency exchange, has declared a strategic partnership with Gala Games, a blockchain-based play-to-earn gaming platform. 

In an official blog post on March 31, Huobi announced a partnership with Gala Games to develop the Web3 ecosystem. The two companies will collaborate to invest in and list projects within the Gala ecosystem.

Gala Games enables developers to create play-to-earn crypto and nonfungible token (NFT) games, which allow players to buy and sell in-game items. Once purchased, these in-game items cannot be modified or deleted by developers without the players’ consent.

Huobi’s collaboration with Gala Games is expected to enhance the former’s Web3 objectives, allowing it to integrate with the Gala layer-1 blockchain to improve the underlying on-chain technology. Jason Brink, who serves as the president of blockchain at Gala Games, has stated that integrating its layer-1 blockchain with major exchanges like Huobi is of utmost importance for achieving the desired level of mass adoption.

Huobi also took to Twitter to announce the partnership with Gala Games, with the community expressing support for the partnership due to the advantages of the layer-1 blockchain.

Related: GameFi project Gala files $28M lawsuit against pNetwork

At present, Huobi Global is pursuing a license in Hong Kong in light of new regulatory measures being considered by the Chinese special administrative region that would enable the platform to cater to retail clients.

Additionally, Huobi has announced its plans to expand its services in other regions by launching a Visa-backed crypto-to-fiat debit card. This card will be available to Huobi customers residing in the European Economic Area, and is expected to launch in the second quarter of 2023.

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