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Blockchain game Illuvium goes mainstream with looming Epic Games Store listing

Blockchain games have historically battled to gain mainstream attention, but Illuvium’s listing on the Epic Games Store could change the narrative.

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

Illuvium, an interoperable blockchain game developed by Illuvium Labs, will feature on Epic’s store from Nov. 28, following several months of background work to get the title to meet its standards.

Speaking exclusively to Cointelegraph ahead of the Epic launch, Illuvium co-founder Kieran Warwick outlines the evolution of the game in order to cater to a mainstream audience and comply with the platform’s legal and compatibility requirements:

“The result of these efforts has not only earned Illuvium a place on a leading gaming platform but has also evolved our product.”

The game was developed using Unreal Engine 5 on the Immutable X network. Its beta launch on Epic Games will feature three different game genres set within the Illuvium universe.

This includes Overworld, an open-world exploration game and “creature capturer reminiscent of beloved classics,” an auto battler strategy game called Arena and Zero, and a mobile and desktop city-builder that ties into the other titles. Warwick says its approach of building separate genres and game modes aims to attract a wider audience of gamers.

“By launching three different games in three different genres, we have significantly increased our addressable market. The only issue is it has taken much longer to get to this point,” Warwick adds.

Given that blockchain games featuring nonfungible token (NFT) elements have struggled to break into the mainstream, Warwick’s team has adapted its approach to onboard more users. He highlights the barrier to entry for non-Web3 native gamers as a key reason for the slow adoption of blockchain games:

“One of the most frustrating things about NFT games is the notion that you need a wallet and a ton of money just to try out the game. We have removed the need for wallets, and it’s free to play. We think this is the only way to get mainstream adoption.”

As Cointelegraph recently reported, Web3 venture capital firms like Animoca Brands have highlighted the hesitance of mainstream game publishers to list games that incorporate Web3 infrastructure.

Animoca Brands CEO Robby Yung previously suggested that mainstream players remain uncertain about the inherent implications, fearing that Web3 integration would bypass existing business models that rely on fees for distribution.

Related: ‘The social benefits are huge’: Web3 gaming to shift digital ownership

Warwick echoes these sentiments, saying that this prevailing attitude is influenced by a variety of factors. One factor is game design integrity, with some critics suggesting that including NFTs could lead to pay-to-win mechanics or negatively affect the game design by prioritizing monetization over player experience.

Regulatory concerns are another consideration, with Warwick highlighting that blockchain technology and NFTs remain “in a gray area in many regions.”

“Games with NFT functionality could run into trouble with regulators that could affect their viability and legality.”

The volatility of cryptocurrency markets and NFTs is another hurdle that concerns mainstream publishers, as well as the perceived prevalence of fraud.

Nevertheless, Illuvium’s upcoming listing bodes well for the wider blockchain gaming industry. Warwick describes it as a major milestone as their title steps onto the same platform as some of the most popular mainstream games in recent years.

“This is a huge step forward. People have been saying for years that Web3 gaming is the next big thing in the crypto space,” Warwick concludes.

Web3 gaming investors have adopted a more measured approach to backing early-stage studios building blockchain games over the past year. This has been necessitated by the effects of a lengthy cryptocurrency bear market, which has called for greater due diligence from industry venture capitalists.

Magazine: Blockchain games take on the mainstream: Here’s how they can win

Payments in National Currencies Surge to 92% Among SCO Members

NFT sales volume jumps to $129M in November: Data

Blockchain analytics company Nansen reported that NFT sales volumes reached 68,342 ETH in the week ending Nov. 6.

Nonfungible tokens (NFTs) have seen a steady increase in terms of weekly Ether (ETH) sales volume, according to the blockchain analytics platform Nansen. 

In a post on X (formerly Twitter), Nansen highlighted that on the week ending on Oct. 9, NFT sales were at 29,704 ETH, worth around $56 million at current ETH market prices. The sales volume increased weekly until it reached 68,342 ETH, worth over $129 million.

NFT marketplace Blur had the highest share of NFT trading volume in the last 30 days. According to data aggregator NFTGo, Blur had a trading volume of 161,433 ETH (roughly $305 million) in the previous 30 days. Meanwhile, the second spot went to its competitor, OpenSea, which had 52,307 ETH in trading volume, or around $100 million. 

NFT marketplaces 30-day trading volume data. Source: NFTGo

In terms of NFT collections, Bored Ape Yacht Club (BAYC) had the highest trading volume in the last 30 days. The BAYC collection had a volume of 35,226 ETH, or around $66.7 million. The collection was followed by the Mutant Ape Yacht Club (MAYC) at 14,947 ETH and The Captainz at 9,948 ETH.

CryptoPunks remained the top collection in terms of market capitalization. However, the collection only had a trading volume of 5,773 ETH in the last 30 days. 

Apart from these, NFTGo’s data also showed that there’s been a 12% increase in NFT traders in the last seven days. Buyer addresses were at 22,804, while sellers were at 27,308 in the same time period. Meanwhile, the number of wallets that held NFTs still hovered around six million. 

Related: ApeFest attendees report ‘extreme pain’ and vision problems after event

The increase in trading volume for NFTs happened amid seemingly bearish news for the NFT market. On Nov. 3, NFT marketplace OpenSea laid off half its staff as it prepares to launch its second version.

Magazine: Australia’s $145M exchange scandal, Bitget claims 4th, China lifts NFT ban: Asia Express

Payments in National Currencies Surge to 92% Among SCO Members

UK risks regulating NFTs the wrong way, says Mintable CEO

“It’s not just a piece of artwork”: Mintable CEO Zach Burks argues that the United Kingdom government still hasn’t caught up on what NFTs are becoming.

The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks.  

In an interview with Cointelegraph, Burks said he believes a recent report from a U.K. parliamentary committee significantly exaggerates the role NFTs play in copyright infringement and fails to recognize that they are more than just volatile digital pictures.

“NFTs are in a transition phase where they’re moving away from the speculative boom of PFPs, and now it’s going into utilities of brands implementing NFTs across a whole range of different things,” Burks explained.

In the Oct. 11 report, the Culture, Media and Sport Committee urged the government to take action to protect artists and content creators from copyright infringement associated with NFTs.

Burks acknowledged that copyright protections and intellectual property rights for artists are of paramount importance, pointing to Mintable’s own IP protection algorithm it uses to prevent plagiarism on its platform.

However, he explained that while these issues should be a top priority for all NFT platforms, they’re not exactly NFT-specific concerns.

“These are problems inherent to the internet, not to NFTs.”

“Regulators say, ‘Well now, NFTs are being used for copyright infringement.’ Well yeah, so is WordPress. So is YouTube. So is Spotify,” he said. “And how do you combat that? Well, you have some of the largest, most advanced companies in the world, like Google, working on this.”

“They’ve got hundreds of billions of dollars, and they can’t solve the problem of combating copyrighted material on YouTube. It’s not like this problem just came up out of thin air because NFTs were created.” 

Burks, who personally corresponds with U.K. government officials on NFTs on a weekly basis, said that while NFT platforms should be doing their utmost to protect artists, it falls on regulators to embrace a more nuanced view of NFTs as a whole.

“There are so many ways that you can utilize NFTs, whether it’s for your car records, for your property records, whether it’s a bank settlement document, whether it’s a backup layer, whether it’s a full supply chain system or a biofuels company,” he said.

“It’s not just a piece of artwork or a financial instrument. […] An NFT is effectively a website.”

“If my website is used to sell books, I’m governed by the laws that are used to sell books. If I sell drugs on my website, then you don’t need new laws. I’m still just selling drugs, right?” he said, laughing.

In Burks’ view, NFTs are an extremely broad technology capable of a vast array of different functions, and having a committee declare that they be regulated as pieces of digital art could be a significant setback to unveiling the true utility of the technology.

“The [committee] said the government should implement the EU 17 copyright directive on NFTs, which is bad in the sense that it’s a really broad umbrella,” he said.

Related: NFTs aren’t dead — they’re just resting

In the report, the committee said the “most pressing issue” raised by NFTs was the risk to artists’ intellectual property rights arising from the ease and speed at which tokens can be minted. It suggested they be regulated under a relatively narrow copyright directive: Article 17 of the European Union Directive on Copyright.

The committee’s recommendations to the U.K. government. Source: U.K. Parliament

“When you say all NFTs need to have this one element of regulatory coverage, this is the equivalent of saying, ‘We need this one piece of legislation that covers this piece of technology,’ which might’ve started at the Edison light bulb but now we’re dealing with Teslas,” Burks said.

“So, we have to be very careful when it comes to these kinds of overarching regulatory frameworks that we apply to NFTs as a system, as opposed to looking at NFT for what they really are.” 

Ultimately, Burks believes the U.K. government could take some notes from regulators in Singapore, where the government judges NFTs by their specific use cases.

“Regulators in Singapore look at what an NFT actually is, and then they go from there,” he explained. “Say you’ve got an NFT of a Tesla stock. Well then, that’s a security. Oh, this is an NFT of a bag of cocaine that’s facilitating the sale of drugs? Then they regulate the same way they would illicit drugs.”

Web3 Gamer: Minecraft bans Bitcoin P2E, iPhone 15 & crypto gaming, Formula E

Payments in National Currencies Surge to 92% Among SCO Members

Fintech, DeFi, GameFi, and more: Web3 startups kick off Cointelegraph Accelerator second cohort

Sixteen startups selected from over 1000 applications will present their projects to a global audience.

Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups.

Selected from over 1000 startup applications, the 16 participants of the second cohort of the Cointelegraph Accelerator program represent a wide array of Web3 verticals, including decentralized finance (DeFi), fintech, wallets, entertainment, social, and GameFi.

By joining Cointelegraph’s accelerator program, Web3 startups will get marketing strategy expertise, access to Cointelegraph media products, and mentorship programs with industry experts on key start-up development topics, including token design, fundraising, legal frameworks, liquidity management, security, etc. The participants will also benefit from access to Cointelegraph’s broad network of investors, foundations, infrastructure partners, and other industry leaders.

The current cohort of the Cointelegraph Accelerator program consists of 16 Web3 startups focused on bringing innovation to the biggest sectors in the blockchain space. Find out more about them below:

DeFi and trading

In a world where traditional and decentralized finance coexist, bridging the gap between them is crucial. The latest Cointelegraph Accelerator participants focused on DeFi services are pioneering solutions to enhance accessibility, transparency, and efficiency, thus redefining trading and personal finance management for mainstream users.

Changex is a personal finance mobile app that aims to bring traditional finance users to Web3 by combining centralized and decentralized finance on a single screen. As an all-in-one self-custody wallet solution, Changex offers crypto swapping, buying, selling, and staking. The platform has 2,500 monthly active users (MAU) with over $3 million in staked assets.

CryptoRobotics is a crypto trading platform with advanced tools aimed at bringing the crypto community together. Users can utilize the signals and trading strategies coming directly from professional traders and analysts, who, in return, can earn investor rebates for providing their strategies. The platform leverages trading robots powered by smart algorithms with risk management systems to enable automated trading. The team reached over $1 billion in trading volume in 2022 with over 50,000 registered users.

Clip Finance is a DeFi protocol that aggregates and benefits from the investment strategies available to the mainstream audience and other protocols. Users can deposit their stablecoins with a single click and get yield from a pool of various DeFi protocols, including Aave, Thena, Stargate, and Biswap. The platform aims to simplify the creation of risk-analyzed yield portfolios and is currently preparing for the main launch based on feedback from the private beta phase.

Renegade is bridging the gap between traditional banking and cryptocurrencies. The user-friendly platform offers both a full IBAN account and a Visa card, allowing users to pay in top cryptocurrencies like BTC and ETH effortlessly. A central product element is the noncustodial wallet, ensuring users maintain full control over their crypto assets. After a promising beta test with 2,500 users, the company is gearing up for an open market launch in Q4 2023.

MC² Finance is a noncustodial, cross-chain token strategy platform. It aims to democratize access to on-chain crypto wealth management through easy-to-use tools and access to aggregated crypto portfolio strategies with a user-friendly UI. The European-based MC² Finance team aims to launch its mainnet after hosting over a thousand users during the platform’s testnet.

Nolus is a semi-permissioned, blockchain-powered platform that bridges lenders and borrowers in a DeFi money market. With its DeFi Lease, borrowers can secure 3x leveraged yield-generating capital. Inspired by traditional leasing, where one pays a fraction upfront and gains ownership after repayment, Nolus' approach cuts down the DeFi sector's high overcollateralization standards, which boosts capital efficiency and offers borrowers better loan terms.

Velvet Capital is a DeFi platform on the BNB Chain that helps create and manage on-chain funds and structured products. Asset managers can create portfolios of digital assets and mint synthetic tokens representing them. Users can invest in tokenized portfolios and earn yield from lending, staking, capital gains, or providing liquidity. The company offers a Web3 app for regular users and “DeFi-as-a-Service” (with SDK and APIs) for institutional clients. The platform has a live MVP with over 550 active investors.

WhiteList Zone is a marketplace where crypto investors and enthusiasts can buy “front-row seats” for upcoming Web3 projects. Its mission is to democratize the market of early Web3 investments in the most efficient and accessible way. Users can buy and trade whitelists, which grant exclusive rights to participate in launch events such as initial DEX offerings (IDOs). The platform hosts over 50 projects and over 7,000 whitelist submissions, attracting nearly 4,000 users.

Data storage and digital assets

Data sovereignty and security are paramount in the digital age. By offering decentralized data storage and robust digital asset management solutions, these projects ensure a seamless transition toward digital ownership and secure data management.

GhostDrive is a Web3 native data storage platform and user application on the InterPlanetary File System (IPFS) and Filecoin, a decentralized alternative to Google Drive where users can store, share, and access data. Users can join by logging in with MetaMask or the traditional email and password combination and start storing data in a decentralized cloud securely.

NGRAVE is the first complete solution for full control of digital assets, focusing on self-custody, maximum security, and ease of use. The hardware wallet, Ngrave Zero, is the world’s only financial product featuring a secure OS with the highest security certification: EAL7, developed with world-renowned cryptography and security experts. The company also offers its users a stainless steel encrypted backup for their keys and a mobile app to track their digital assets.

SocialFi and Marketing tech

The conventional social media landscape often overlooks fair revenue distribution and user control. However, innovative platforms are being developed to merge social interactions with financial incentives, creating a more equitable social media ecosystem for both content creators and consumers.

Pop Social is an AI-powered social gateway to Web3. The platform explores a new approach to social media where users create and share their content, interact with each other, and get rewards with native Pop Tokens for active engagement with the app. AI algorithms are used in the content creation features and in the process of generating individual post feeds. Pop Social has already reached over 250,000 downloads on the App Store and Google Play Store and has over 40,000 daily active users.

ReadON is a social app with a Web3 sharing economy where content is owned by creators, and part of the ad revenue is distributed back to them. Creators earn tokens for sharing, users earn tokens for reading, and advertisers buy and burn tokens to place ads and access users' interests targeting data. The app has reached over 510,000 user registrations and app downloads, 45,000 daily active users, and over 563,000 content pieces.

GAMI is a Web3-focused venture builder that hosts a variety of products tailored to the blockchain industry. Gami’s flagship product is Midle, an all-in-one marketing platform that helps optimize user acquisition and community engagement, working with 100+ partners from the Web3 space. Midle has already reached over 22,000 unique users who have completed over 400,000 quests.

EdTech and HRTech

Exclusivity and a lack of verified talent pools hinder the growth of the Web3 domain. Some projects, however, are working on democratizing access to Web3 solutions and education, bridging the gap between academic institutions and the blockchain industry, and facilitating continuous innovation.

Talentre is a Web3 talent platform where users have access to blockchain education courses, events, certifications, and a traceable tokenized achievement system. At the same time, Web3 companies and projects get access to a verified talent pool. More than 50 universities have already partnered with Talentre, and the platform has reached over 170,000 registered wallets and over 50 business clients, including Circle, BNB Chain, Solana, and many others.

Entertainment

Monetization and user engagement are pressing challenges in the entertainment sector. By embedding blockchain technology in streaming and gaming platforms, these innovative projects are crafting a rewarding and engaging entertainment ecosystem for modern audiences.

Replay has developed a blockchain-powered streaming service called RewardedTV that empowers viewers and creators to take control of their video streaming experience. RewardedTV uses blockchain tech to reward viewers with digital tokens and collectibles to drive engagement. The platform has over 100,000 registered users, and more than 4,000 videos-on-demand (VOD) live TV channel options, with more partnered streaming apps on the way.

Fanton is a Web3 fantasy football game playable on Telegram and integrated with The Open Network (TON) blockchain. Similar to traditional fantasy sports games, which comprise a $25 billion market, the game allows players to create their dream team with NFT cards of soccer superstars and earn points based on the players’ real-life performances. The product has had a successful launch reaching more than 11,000 registered users to date.

Payments in National Currencies Surge to 92% Among SCO Members

Fantasy football game on Telegram: Fanton joins Cointelegraph Accelerator

Fanton brings blockchain-based fantasy football to Telegram thanks to the IM service’s recent integration with the TON blockchain.

What’s a better way than combining the world’s most popular sports with Web2’s most socialized aspects to introduce new users to Web3 through gaming? Association football, or soccer, boasts the largest fan base among sports enthusiasts, with over 3.5 billion estimated people rooting for their favorite teams. Built mainly for football fans, the fantasy sports industry, a vast network of virtual sports leagues where users can create their own teams, has also grown to become a $25 billion global market.

Mixing fantasy football with blockchain features like nonfungible token (NFT) cards could create an ideal entry point to Web3 for the masses. However, current platforms present complex mechanics for newcomers, and most of them lack in-platform user interaction —a big loss considering the social aspect of fantasy football.

Soccer superstars as collectible cards

Fanton has built a fantasy football game that is integrated into Telegram to benefit from the instant messenger service’s 800 million-strong user base. It features collectible cards of top football players that earn points according to their real-life performances. These cards are issued on the blockchain as NFTs and can be easily traded among players.

The game benefits from Telegram’s recent integration with The Open Network (TON) blockchain, which enables the use of a noncustodial wallet directly from the Telegram app. Users can create a virtual football team with their cards of players, and earn points for their players’ actions in the real world.

The teams are made of five players: a goalkeeper, a defender, a midfielder, a forward and a substitute player. These players earn points based on their performances in their real-life football matches. Points are awarded for various actions, such as goals, assists and saves of goal chances by the goalkeeper. The combined score of the points equals the team score.

Tournaments are organized based on match days of real football leagues, including the English Premier League, Spanish LaLiga, German Bundesliga, Italian Serie A and the French Ligue 1. Players can partake in a special championship consisting of the most important matches from the five European leagues, the Brazilian Championship and the UEFA Champions League, the world's most prestigious championship.

Users can join these tournaments by paying a participation fee, of which 85% is added to the prize pool while 15% goes to Fanton. Teams that score more points than others are rewarded with TON coins and collectible cards.

Fanton features soccer superstars as NFT cards. Source: Fanton

Fanton features soccer superstars as NFT cards. Source: Fanton

Cards are divided into rarity classes based on their scarcity, giving them value and uniqueness. Non-NFT cards are classified as common, while NFT cards can have rare, epic and legendary rarities. The game is free to play and provides common cards without charge for everyone who wants to participate. The rarer NFT cards should be purchased to take part in special NFT tournaments with higher prizes.

Fanton became a part of the Cointelegraph Accelerator program with its straightforward product that is already showing good traction in user onboarding and revenue. The Cointelegraph Accelerator team was inspired by the innovative game-in-a-messenger format, easy user onboarding and the perspective of crypto adoption via messengers. The platform has over 350,000 users and surpassed $40,000 in monthly revenue. With a seasoned team of 15 based in Spain and Indonesia, the game managed to raise $300,000 in a pre-seed round in February.

Today, October 27, 2023, Fanton launched its product on Product Hunt, a platform where users can discover and upvote new products. Fanton encourages its supporters to visit Product Hunt on Friday and upvote the product.

Payments in National Currencies Surge to 92% Among SCO Members

Revolutionizing whitelist marketplace for Web3: WhiteList Zone partners with Cointelegraph Accelerator

The whitelist marketplace WhiteList Zone onboarded over 50 projects that collectively submitted more than 8,000 whitelists.

In the Web3 space, one of the key challenges for new projects and products is to get a motivated audience and for crypto-enthusiasts and investors — to find the most promising projects and get in earlier than others. This is where whitelists step in, addressing several critical aspects.

A whitelist is a curated list of addresses or users with authorized access to specific privileges. It grants entry to activities like presales, token sales, initial coin offerings (ICOs), nonfungible token (NFT) minting, or access to various events. It works as an exclusive guest list, allowing only approved participants to join the party while keeping others out.

Why whitelists are important

For crypto-enthusiasts and investors, whitelists represent an early-access opportunity to secure a position ahead of the crowd, enabling them to purchase assets or participate in events before the general public. Being on a whitelist often grants lower entry prices, additional token allocations or lower gas fees, enhancing the investment potential. A prominent example is the Bored Ape Yacht Club participants who received free NFTs that later had a market value significantly higher than their original price.

For projects, whitelists serve as a strategic tool to onboard the most motivated users, encouraging them to engage in activities like social media promotion and friend referrals to earn a coveted spot on the whitelist.

Moreover, whitelists ensure a fair and equitable distribution of tokens or resources, reducing the risk of concentrated ownership. They also serve as a regulatory safeguard by implementing Know Your Customer (KYC) procedures, which verify participants' identities. In essence, whitelists act as a robust security measure, shielding projects from potential scams or malicious actors by thoroughly vetting participants in advance, ensuring that only legitimate individuals or entities can participate in their events or projects.

Challenge to get whitelisted

However, getting on the whitelist is a complex and risky endeavor. Users often need to register their wallets on the project's website as part of the onboarding process and compete with thousands of other crypto-enthusiasts for a small amount of available spots. Additionally, they must demonstrate their eligibility by completing various laborious tasks, including generating user-generated content, social media support (likes, shares, subscriptions), securing referrals, and undertaking actions that enhance the project's brand awareness.

For those unable to secure a whitelist spot legitimately, a black and gray market offers an alternative, but it’s often fraught with risks. Transactions in this realm take place in less regulated and secure environments, such as over-the-counter (OTC) groups on Telegram or Discord, leaving participants vulnerable to fraudulent schemes and malicious actors who can take advantage of their trust and desire for whitelist access.

A safe option for getting whitelisted

In response to these challenges, a groundbreaking solution has emerged — WhiteList Zone. Launched in alpha in June 2023, WhiteList Zone has quickly established itself as a marketplace where crypto enthusiasts can directly purchase whitelists from launchpads, project owners and whitelist winners. These whitelists serve as golden tickets, granting investors the right to participate in initial decentralized offerings (IDOs), NFT mintings and other events hosted by crypto projects.

Investors can say goodbye to the gray markets and uncertain terrain of Telegram and Discord channels, as WhiteList Zone now provides safe and easy access to whitelists. To buy whitelist spots, investors simply need to visit the marketplace, browse the list of available projects, select their preferred one and complete the transaction in less than a minute.

Users can discover new projects based on category, network, or sale type. Source: WhiteList Zone

Users can discover new projects based on category, network, or sale type. Source: WhiteList Zone

WhiteList Zone believes in direct collaboration with launchpads and projects to ensure that scams and fraud are a thing of the past. By establishing these partnerships, the platform creates a reliable ecosystem right from the start. This means that when users access whitelist opportunities on WhiteList Zone, they can trust that they are engaging in legitimate transactions.

What’s more, WhiteList Zone offers an easy-to-use interface and a simple onboarding experience and continues to expand its support, currently accommodating over 140 cryptocurrencies, with plans to introduce convenient credit card payment options soon.

Focus on user’s engagement

When it comes to projects looking to issue whitelists, WhiteList Zone also emerges as the top choice, as the marketplace boosts engagement among whitelist winners. This proactive and engaged community is a valuable asset for projects seeking active participation and support. Moreover, the platform generates valuable data that empowers projects to make informed decisions. This data-driven approach aids in strategizing and optimizing whitelist distribution, resulting in more effective outcomes.

WhiteList Zone recently became the latest participant of the Cointelegraph Accelerator program. The Accelerator has picked WhiteList Zone due to the latter’s potential to disrupt the whitelist market. With a team of 15 people, the Ukraine-based project has shown good traction since launching the alpha version in June 2023. The marketplace has successfully attracted users from 71 countries and onboarded over 50 projects that have collectively contributed more than 8,000 whitelists. Furthermore, WhiteList Zone has plans to launch its token generation event in the first quarter of 2024.

Payments in National Currencies Surge to 92% Among SCO Members

Game review: Immutable’s Guild of Guardians offers mobile dungeon adventures

Guild of Guardians is a dungeon-crawling mobile adventure game with a play-to-earn twist.

From Oct. 9–20, Immutable invited playtesters to try out an early demo of its upcoming mobile game, Guild of Guardians.

Guild of Guardians was first announced in 2021. Its utility token, Guild of Guardians Gems (GOG), went up for sale in December 2021, raising over $5.3 million for the game’s development. In addition, over 800,000 individuals registered for the token sale, which Immutable claimed was an “oversubscription” of 82 times vs. the expected demand. It is being developed by Mineloader, which is the same company that created the Final Fantasy VII remake and Final Fantasy XIV: Endwalker. Gods Unchained creator Immutable is publishing the game.

According to the game’s roadmap, it is expected to be released in open beta sometime in the fourth quarter of 2023. The Guild of Guardians documents state that it will be a free-to-play and play-to-earn mobile game. Players will not need to make any purchases to begin playing the game and start earning nonfungible tokens (NFTs) or game tokens. To finance the game’s further development after launch, Immutable will sell “seasonal content” consisting of limited edition NFTs, including “heroes, pets, guilds and energy boosters.” They will also charge a percentage fee on secondary sales of some of the game’s items.

Guild of Guardians demo opening screen. Source: Guild of Guardians demo

The play-to-earn aspect of Guild of Guardians will revolve around crafting equipment and summoning heroes. Players will be able to earn crafting materials as they progress through dungeons, which they’ll be able to use to mint NFTs that represent gear. They’ll also be able to collect “common” heroes that can be combined into higher rarities and minted on the blockchain. Guild of Guardians NFTs are minted on the Immutable X network, while the GOG token is on Ethereum.

Ever since the fundraise, details about the state of the game’s development have been scarce. But Immutable invited members of the media to playtest the game From Oct. 9 to 20, and this writer was one of the persons invited. 

An Android and iOS mobile game

Guild of Guardians is designed entirely for mobile. You can play it on a mobile phone or tablet, and it’s available for both iOS and Android. But there’s no way currently to play it on a PC or console, and the team doesn’t appear to be planning to make a PC version anytime soon, if ever. The controls of the game are optimized for mobile gameplay, as the battles are mostly automated, with very little real-time control during fights.

Related: What is Gods Unchained, and how to play it.

In the Guild of Guardians docs, the team emphasized that mobile games are more accessible than any other type of video game. The number of people in the world who own smartphones is much greater than the number who own PCs, which is why they chose to make Guild of Guardians strictly a mobile game with touch-screen controls.

A dungeon-crawling adventure

Guild of Guardians is a classic “dungeon-crawl” game. The main gameplay consists of progressing through various dungeons, fighting monsters and opening treasure chests for loot. Players can choose which dungeon to explore by clicking on it from within an in-game world map.

Once a dungeon is chosen, the player’s party of heroes loads into the first room, which usually contains monsters that can be fought. After each room is cleared, the player can choose which room to go to next. Different rooms contain different enemy strengths and rewards, and the player is presented with these metrics when making the decision. Some rooms contain treasure chests, healing or other boosts that may help the party to progress.

Once a player progresses through all of the choices and defeats all the monsters, the dungeon ends. In this case, the main menu pops back up, and the heroes who died in the dungeon are resurrected. If all party members die before the dungeon is completed, the player fails the dungeon. However, they still get to keep the items they acquired from their partial completion.

New dungeons become unlocked as old ones are completed. If the player completes all of the dungeons, they unlock a new “infinite” mode. This mode apparently allows a player to play through never-ending randomly generated dungeons for even more loot. I unfortunately didn’t make it far enough to test out infinite mode.

Automated battles

The game has mostly automated battles. To start a battle, the player clicks on a “fight” button and watches the fight play out. They can choose to activate characters’ ultimate abilities manually, in which case there is some interaction during battles. However, they can also choose to have these abilities activated automatically, making the battles a completely passive experience.

Battle from an earlier build of Guild of Guardians. Source: Guild of Guardians

The challenge to winning a battle comes from decisions made before it begins. Before entering a dungeon, the player chooses which heroes to put into a party. Each hero has different abilities. Some are tanks or healers, while others are focused on damage-dealing. To succeed, the player needs to create a party out of characters whose abilities complement each other. In addition, characters can be placed in various positions within the party’s formation before a battle begins. Tanks should go in the front, while ranged damage dealers and healers should be placed in the back. Players also influence their ability to win by deciding which gear to outfit their characters with.

I found that the battles were pretty balanced in terms of difficulty. My party cleaved its way through lots of small trash packs with ease, while there were a few bosses that slaughtered them without mercy. I was happy to see that heroes are automatically resurrected after a dungeon failure.

Collecting heroes and crafting

Two of the most important goals in Guild of Guardians are to collect heroes and craft equipment. To get a new hero, the player must obtain a “summon,” which allows them to roll for a randomly selected hero. There seems to be a wide variety of heroes that can be collected, each with different artwork, ultimate abilities and stats.

Some of the “summons” can be obtained as rewards for exploring dungeons, while a certain number are also given out as login rewards. Players get two heroes in the tutorial: one tank and one healer.

I found that the hero-collecting system was a pretty satisfying reward mechanic. The heroes had a lot of variety in terms of stats and abilities, which made getting a new hero feel significant.

To craft gear, the player needs to collect crafting materials within dungeons. I crafted a single item throughout my playtest sessions but couldn’t gain more experience than that. The game’s documents state that gear items differ in terms of rarity, with more rare items requiring more rare materials to craft. Different pieces of crafted gear provide different unique buffs; some items are parts of sets that give bigger bonuses if a character wears more than one piece from the set, the documents stated.

Related: Game review: Axie Infinity currently rules the Pay-to-Win-to-Earn roost

In conclusion

The Guild of Guardians demo that I played was an early version of the game. The public release will likely have more features and content. But so far, the game’s development seems to be on the right track. The battles are challenging, and there are a variety of strategic decisions the player has to make in order to succeed. This is not a run-of-the-mill play-to-earn game featuring mindless grinding for cryptocurrency. The gameplay is engaging and requires significant thought from the player. Fans of turn-based RPGs may enjoy Guild of Guardians, as it scratches their itch for strategic challenges.

On the other hand, players who are looking for Diablo-style real-time action may want to pass over Guild of Guardians when it’s released. The battles in the game are almost entirely automated, so there’s no test of reflexes in this particular dungeon-crawler.

The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Payments in National Currencies Surge to 92% Among SCO Members

Introducing the ultimate free fan engagement experience: Williams Racing Collectibles+ Grid Pass

Collect your free pass and unlock immediate exclusive digital and physical perks and access to unique Williams Racing experiences, powered by Kraken. Kraken, the Official Crypto and Web3 Partner of Williams Racing, is excited to announce a new innovation in fan engagement and digital collectibles; Williams Racing Collectibles+ Grid Pass, powered by Kraken. The program […]

Payments in National Currencies Surge to 92% Among SCO Members

Crypto Trader Warns One Top-10 Blue-Chip Altcoin ‘Not Looking Great’, Updates Outlook on Bitcoin and Blur

Crypto Trader Warns One Top-10 Blue-Chip Altcoin ‘Not Looking Great’, Updates Outlook on Bitcoin and Blur

A widely followed analyst is urging caution on a multi-billion dollar crypto asset as it hovers above a key support level. Pseudonymous trader Altcoin Sherpa tells his 196,700 Twitter followers that the utility token of the Binance crypto exchange and the native token of the Binance Smart Chain (BNB) is “not looking great, to be […]

The post Crypto Trader Warns One Top-10 Blue-Chip Altcoin ‘Not Looking Great’, Updates Outlook on Bitcoin and Blur appeared first on The Daily Hodl.

Payments in National Currencies Surge to 92% Among SCO Members

3 reasons why Solana (SOL) price is up this week

Solana price staged a double-digit recovery since September and a portion of the move was caused by improving fundamentals.

Solana (SOL) price experienced a 20% gain between Sept. 28 and Oct. 6, but is the rally a tandem move with Bitcoin (BTC) price or is it being driven by other factors. Prior to the price breakout, or perhaps, it’s recovery, SOL faced a turbulent period after a U.S. court approved the sale of $1.3 billion in SOL from the bankrupt exchange FTX.

Solana daily price index, USD. Source: TradingView

The bankruptcy court has taken measures to ensure that the liquidation of FTX assets won't become a burden for the crypto market, demanding the sale to occur through an investment adviser in weekly batches in accordance with pre-established rules.

Following the initial impact, which drove Solana's price down to a 2-month low of $17.34 on Sept. 11, some degree of confidence among bulls emerged as it re-established the $20 support on Sept. 29. This movement coincided with a successful upgrade to version 1.16, boosting the SOL token by 16% over the next 7 days.

Solana's rally was also supported by growth in decentralized applications (Dapps) usage and increased nonfungible token (NFT) volumes. Solana's price is now attempting to establish a $23 support and consolidate its position as the fifth-largest cryptocurrency (excluding stablecoins) by market capitalization, surpassing Cardano's $9.22 billion.

Solana’s DApp and NFT market activity surges

When analyzing networks focused on Dapp execution, the number of active users should be a top priority. Therefore, one should begin by quantifying the addresses involved with smart contracts, which serve as a proxy for the number of users.

Solana Dapps active addresses, 7-days. Source: DappRadar

Notice that the increase in activity was consistent across all sectors, including NFT marketplaces, decentralized finance (DeFi), collectibles, social, and gaming. Furthermore, Solana's active addresses engaging with Dapps exceeded those of Ethereum in the same period, which were capped at 55,230.

Solana has been gaining traction in the NFT market due to its cost-efficient and scalable solution, as data is compressed and stored off-chain. This allows for more viable production in larger quantities, as they require lower minting fees, enabling creators to reach wider audiences.

NFT sales per blockchain, 7-days. Source: Cryptoslam

Over the past 7 days, the Solana network surpassed Polygon (MATIC) in NFT sales, accumulating $6.8 million in value according to Cryptoslam. In September, the situation was reversed, with Solana totaling $23.9 million, while the Polygon network achieved $31 million in NFT sales.

Network upgrade enhances privacy and eases the stress on validators

A potential driver behind Solana's recent 20% price gains was the network upgrade to version 1.16 on Sept. 28, which introduced a "gate system" to ensure the gradual activation of new features on the network. This process helps maintain network stability and prevents issues caused by sudden changes.

Another notable change in this update is "confidential transfers," which use zero-knowledge proofs to encrypt transaction details, enhancing user privacy. The release also includes improvements in RAM usage for validators, resizable data accounts, and a mechanism to identify corrupted data.

Overall, this update brings improved efficiency, privacy, and security to the Solana blockchain, marking a significant milestone in its development.

Stiff competition from Ethereum layer-2 solutions

Despite Solana's competition with other blockchain networks, there is no doubt that Ethereum layer-2 solutions have gained more traction in terms of total value locked (TVL) and activity. For instance, Arbitrum holds $1.73 billion in TVL, and Optimism holds another $637 million, both vastly superior to Solana's $326 million, according to DeFiLlama.

Even as Solana continues to make progress in terms of privacy, scaling, and security, external factors are at play beyond the FTX bankruptcy drama, making the $23 resistance harder to breach than anticipated.

Ultimately, investors remain largely focused on the Ethereum ecosystem, as it remains the leader in terms of developers and consolidated decentralized applications.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Payments in National Currencies Surge to 92% Among SCO Members