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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.

Hashing It Out: How Web3 makes shopping better with crypto cash-back

Mysten Labs’ Sui network partners with F1 Red Bull racing team

The Red Bull team signed a $150 million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market crash and major bankruptcies in the space.

The Sui network, backed by Mysten Labs, has announced a multiyear partnership with the Red Bull Formula One Racing team less than a month after the blockchain’s mainnet went live.

In a June 1 announcement, Sui said it would be the official blockchain partner of the racing team, scheduled to compete in Spain on June 4. Greg Siourounis, managing director of the Sui Foundation, said the partnership was aimed at “demonstrat[ing] how web3 enables human connections,” while the announcement suggested “immersive digital experiences” for fans in the coming months.

Mysten Labs stepped up work on the Sui network following Meta shutting down its Diem project in 2022. The network, based on Rust-based programming language Move, went live on May 3, prompting major crypto exchange Binance to start offering trading pairs for the SUI token.

Related: SUI mainnet goes live as token sees immediate action on Binance, OKX, others

In 2022, the Red Bull Formula One Racing team signed a $150-million sponsorship deal with crypto exchange Bybit. However, the racing division of luxury car manufacturer Ferrari announced in January its Formula One team had cut ties with Velas Blockchain and chip manufacturing firm Snapdragon.

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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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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.

Hashing It Out: How Web3 makes shopping better with crypto cash-back

Stronghold Digital Partners With Canaan Subsidiary to Boost Bitcoin Mining Capacity by 400 PH/s

Stronghold Digital Partners With Canaan Subsidiary to Boost Bitcoin Mining Capacity by 400 PH/sStronghold Digital, a leading Bitcoin mining firm, announced the company has entered into a two-year hosting agreement with Cantaloupe Digital LLC, a subsidiary of the bitcoin application-specific integrated circuit (ASIC) manufacturer, Canaan. Under the new partnership, Stronghold Digital plans to activate 2,000 Avalon A1346 miners and 2,000 A1246 models. This will result in a total […]

Hashing It Out: How Web3 makes shopping better with crypto cash-back

Binance.​US enables free Web3 domain creation for American users

Binance users based in the United States are now able to create Web3 domains that serve as digital identities in a new partnership with Unstoppable Domains.

Binance.​US users will soon be able to set up decentralized domains that will serve as digital identities across the Web3 ecosystem through a new partnership with Unstoppable Domains.

The new offering will allow users to mint “.BinanceUS” domains, providing users with easily understandable names for cryptocurrency wallets to buy, sell and transfer cryptocurrency in the Binance.US app. These unique domains also serve as a digital identity across compatible Web3 services, applications and platforms.

Binance.US and Unstoppable Domains announced the launch of the service on April 26 and it will go live in May. Binance.​US domains are minted on the Polygon blockchain, which allows the generation of decentralized domains without gas fees or renewal costs.

The partnership will also allow Unstoppable Domains users to use Binance.​US to withdraw cryptocurrencies to various Unstoppable Domains addresses, which include .crypto, .nft and .x domains.

A statement from Binance.US Business Development Vice President Nandini Maheshwari, shared with Cointelegraph, highlighted the provision of digital identity ownership as a key factor in the partnership with Unstoppable and Polygon:

“Increasing accessibility to Web3 while maintaining a safe and secure ecosystem for customers is at the core of Binance.US’s mission.”

Unstoppable Domains will be responsible for custodying all .BinanceUS domains, which can only be created through the Binance.US app. 

Related: Web3 Domain Alliance expands with 51 new members

The decentralized domain service provider has partnered with a number of Web3, blockchain and cryptocurrency companies over the past year. This includes a partnership with Polygon to provide the ability to mint “.polygon” Web3 domains. Unstoppable also provided an avenue for 1inch Network decentralized finance (DeFi) users to send cryptocurrencies to Web3 domain addresses in November.

Unstoppable Domains and Ethereum Name Service (ENS) have seen burgeoning user numbers through 2022 and 2023 as demand for Web3 services continues to grow. American cryptocurrency exchange Coinbase tapped as its decentralized domain name partner in September 2022, providing users with free.cb.id usernames like ‘cointelegraph.cb.id’ to replace alpha-numeric cryptocurrency wallet addresses.

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Bitcoin at banks: Raiffeisenlandesbank to offer crypto investment services

All segments of RLB NÖ-Wien clients will be able to invest in a broad number of cryptocurrencies with a budget of as little as one euro.

Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking company founded in 1900, is preparing to launch crypto investment services in collaboration with the Austrian crypto firm Bitpanda.

According to a joint announcement on April 26, RLB NÖ-Wien plans to provide its customers with a broad range of cryptocurrencies through Bitpanda’s Software as a service (SaaS) offering. Crypto investment will be featured alongside investment services for stocks, exchange-traded funds, precious metals and commodities.

“The deal with Bitpanda aims to expand our product range with an innovative, secure facet and enable all customers to easily accumulate wealth,” RLB NÖ-Wien CEO Michael Höllerer said.

A part of the major Austrian banking group, Raiffeisen Bank International, is moving into cryptocurrency investment with a new planned offering.

Bitpanda co-founder and CEO Eric Demuth (left) and RLB NÖ-Wien CEO Michael Höllerer (right). Source: Bitpanda

The new offer aims to allow RLB NÖ-Wien customers to invest in various assets regardless of the amount of available capital, enabling investments from as little as one euro.

Bitpanda Deputy CEO Lukas Enzersdorfer-Konrad told Cointelegraph that RLB NÖ-Wien wants to make the new trading option available to all customer segments, including retail, private banking and corporate customers of RLB NÖ-Wien. He also said that both RLB NÖ-Wien and Bitpanda are committed to making crypto trading available as soon as possible, adding:

“Thanks to the way we have built Bitpanda Technology Solutions we are able to integrate our infrastructure quickly and safely, and plan to make trading available by the end of the year.”

Enzersdorfer-Konrad also noted that RLB NÖ-Wien’s upcoming new offering will feature the full range of Bitpanda’s digital asset offering, which includes over 2,500 assets, including Bitcoin (BTC) and Ether (ETH).

Related: China’s state-affiliated banks onboarding crypto companies in Hong Kong

RLB NÖ-Wien is a part of the Austrian Raiffeisen Bankengruppe grouping of independent cooperative banks, owning a 22.6% stake in Raiffeisen Bank International (RBI).

As previously reported, RBI has been experimenting with digital currency development. In 2020, the global Raiffeisen bank was building a platform for the national currency tokenization using blockchain technology. The bank is also known for participating in trade finance pilots involving R3’s Marco Polo blockchain network.

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Web3 interoperability highlighted in Radix – LayerZero partnership

Web3 interoperability integration between Radix and LayerZero, launching in the second half of 2023, enables cross-chain communication and asset transfers, unlocking omnichain functionality for DApps and assets.

Web3 interoperability is important to building a decentralized ecosystem that is scalable, secure and provides a seamless user experience. 

Radix, a Layer-1 protocol, has partnered with LayerZero, an interoperability protocol, to integrate LayerZero with the Radix Babylon public network. The integration encourages cross-chain communication and asset transfers to the Radix ecosystem, benefitting both platforms and their users.

Web3 interoperability refers to the ability of different decentralized applications (DApps) and blockchain networks to communicate with one another. Put simply, interoperability is the state where blockchains can listen to each other, allow users to transfer digital assets and data and enable better collaboration.

LayerZero's technology enables decentralized applications to send messages between different blockchains. By integrating LayerZero into the Radix ecosystem, Radix users and developers will have a connected experience, making it possible for DApps and assets to unlock omnichain functionality.

Interoperability provides various advantages, one of which is the enhancement of functionality. With Web3 interoperability, various DApps can collaborate and integrate, broadening the scope of features they offer. This means that the integration of a decentralized finance (DeFi) protocol with a non-fungible token (NFT) marketplace, for instance, enables users to utilize their NFTs as loan collateral.

Additionally, through interoperability, DApps can also leverage benefits such as increased liquidity sharing, which can result in a more comprehensive liquidity pool for the decentralized ecosystem. This, in turn, can minimize the fragmentation of liquidity across various blockchain networks. Moreover, DApps can exploit the security features of multiple blockchain networks, enhancing their overall security posture through interoperability.

Related: Web3 security: How to identify the risks and use protection tools?

Piers Ridyard, Radix Foundation Director, expressed enthusiasm about the integration, stating that it will showcase the potential of cross-chain interoperability. One of the fundamental principles of Web3 is decentralization. A greater decentralization is achievable with Web3 interoperability as it can reduce the dominance of a single blockchain network.

The integration is set to launch in the second half of 2023, and it is expected to benefit the users of both platforms.

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

NFT app Rebase co-founder accused of going ‘rogue’ in suit by partner

An apparent business partner of Rebase's co-founder claims he was pushed out of the firm and funds he owned were moved from a joint crypto wallet.

The co-founder of the nonfungible token (NFT) project Rebase is facing a lawsuit from his apparent business partner accusing him of going “rogue” by stealing $2 million from a joint crypto wallet and ousting an apparent co-founder out of the firm.

An April 17 filing in a United States District Court in California from Krzysztof Gagacki, who says they’re the co-founder of Rebase, made eight separate complaints against the firm's other co-founder Edmond Truong.

Gagacki is demanding a jury trial for breach of contract, breach of fiduciary duty, defamation and trademark infringement.

While it is unclear exactly when the professional relationship between the two deteriorated, Gagacki alleged Truong breached a partnership contract on Oct. 27. 2022 by misappropriating $2 million into a separate wallet owned and controlled by Truong without his consent.

Gagacki claims to own a 50% share of the funds and says Truong refuses to provide him with the private keys to the digital wallet.

In the filing, he claims Troung “ousted” him from the business by presenting himself to third parties as the “sole owner” and “decision maker” for Rebase.

Gagacki further alleges that Troung is stating Gagacki is no longer “employed” at the firm after things had “gotten a bit out of hand.” A LinkedIn account owned by Gagacki does not list an employment history at Rebase.

Truong also allegedly “intentionally interfered” with several prospective deals that Gagacki had been working on for the firm in addition to making several defamatory statements to the firm’s business contacts about Gagacki.

Gagacki claims these statements have had a “disastrous effect” on his reputation.

One of the deals involved American celebrity Bella Hadid, who featured in the firm’s Cy-B3lla NFT project but then refused further collaboration after it was made apparent to her that the two business partners clashed heads, the filing claimed.

Truong also allegedly seized a Twitter account relating to Hadid’s NFT collection which Gagacki claims to have the trademark rights for with his other company, IOVO AG:

“[Truong] has also commandeered the @REBASEgg and @cybellaxyz Twitter accounts. Specifically, [Truong] has changed the password for these accounts and is actively denying Mr. Gagacki access.”

Another claim mentioned by Gagacki was Truong’s unauthorized pursuit to issue a Rebase token on the Ethereum layer 2 scaling solution Arbirtrum.

Related: ‘Wave of litigation’ to hit NFT space as copyright issues abound

If a token is issued, there may have serious ramifications for Rebase, the filing explained:

“If a Rebase app token is listed on any major cryptocurrency exchange, the market value of the tokens, which will be minted on the Arbitrum network and offered to the public, could reach many times over the Rebase app’s last round valuation of $150,000,000.”

According to the firm’s Twitter account, Rebase is set to integrate on Arbitrum on April 21:

The firm’s $150 million valuation has come on the back of venture capital funding from Animoca Capital, Anti Fund Investment Fund, LLC, DeFiance Capital and the now-bankrupt Three Arrows Capital.

Cointelegraph contacted Gagacki, Truong and Rebase but did not receive an immediate response.

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Hashing It Out: How Web3 makes shopping better with crypto cash-back

Mastercard Launches NFTs to Support Emerging Musicians Through Web3 Technologies

Mastercard Launches NFTs to Support Emerging Musicians Through Web3 TechnologiesAccording to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT project highlights Mastercard’s intent to embrace Web3 technologies. Mastercard Launches Second NFT Offering In January, Mastercard announced its partnership with Polygon to support […]

Hashing It Out: How Web3 makes shopping better with crypto cash-back