Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

Hey everyone! This week's gaming news is jam-packed with epic updates and new launches. From The Sandbox on Ethereum, where you can create and monetize your own virtual worlds, to exciting updates in Axie Infinity's Season 9 and new AI-driven tech innovations, there's so much to explore. Plus, don't miss out on the latest from Pudgy Penguins' upcoming mobile party game, Legends of Elysium's Season 1 launch, and Gamefam's $5 million fund for UGC creators. We've got all the details on partnerships like The Sandbox teaming up with Upland and the latest in blockchain gaming from Readyverse Studios and Ember Sword. Whether you're into web3 gaming, blockchain developments, or just love keeping up with the latest gaming trends, we've got you covered. Dive into the full breakdown and stay ahead in the gaming world!

South Korean gaming giant Wemade has joined forces with Singapore-based Whampoa Digital to launch a groundbreaking $100 million Web3 fund, taking a giant step toward revolutionizing the landscape of blockchain gaming. This strategic alliance demonstrates a strong commitment to accelerating blockchain adoption, particularly in the thriving Middle East gaming market. The newly launched Wemade Web3 Fund aims to support and invest in innovative blockchain gaming projects, establishing a new financial standard in the industry. In addition to this initiative, Wemade is actively building the Wemix Play Center in Dubai's DIFC Innovation Hub, emphasizing their commitment to fostering collaboration and innovation within the blockchain gaming ecosystem. The collaboration demonstrates a shared vision for navigating the evolving Web3 landscape, with senior leaders excited about venturing into uncharted territory within the digital asset industry. Stay tuned for more information on this game-changing collaboration that is shaping the future of gaming technology.

In this ground-breaking piece, we look into the ever-changing world of blockchain gaming, highlighting important players, groundbreaking games, and the newest developments. Animoca Brands, which has raised $1 billion, was one of the first companies to make blockchain games like The Sandbox and Axie Infinity. With over 2 million daily players and $2 billion in sales, Sky Mavis's Axie Infinity has reached heights that have never been seen before. Mythical Games' Blankos Block Party is a great example of how powerful user-generated content can be. Decentraland by Animoca Brands puts decentralized simulated worlds on the Ethereum blockchain. The Sandbox sets a standard for user-generated content. The article talks about some amazing funding rounds and new ideas, like Aavegotchi's $30 million Series A funding, Alien Worlds' play-to-earn space, and Gods Unchained's $30 million Series B investment. The speed with which these companies get money shows how useful blockchain gaming could be, putting it at the forefront of the gaming change. In this comprehensive exploration of the blockchain gaming landscape, we traverse the industry's forefront, encountering major players, revolutionary games, and emerging trends. Animoca Brands, a Hong Kong-based leader in blockchain gaming, takes center stage with an impressive $1 billion in funding. Noteworthy titles under its umbrella include The Sandbox, an innovative decentralized gaming platform, and Axie Infinity, a Vietnamese creation by Sky Mavis that has achieved remarkable success with over 2 million daily active gamers and $2 billion in revenue.Mythical Games, headquartered in San Francisco, gains prominence for Blankos Block Party, a game that not only entertains but also empowers users to contribute through unique and personalized content. The intersection of blockchain technology and gaming manifests in Decentraland, a virtual world built on the Ethereum blockchain, where users can buy, sell, and create virtual land. The funding support of $26 million in a Series B round, led by Animoca Brands, underscores its significance in shaping decentralized virtual worlds.The Sandbox, an Ethereum-based platform, secures $93 million in a Series B round, ushering in a new era of user-generated content within the gaming industry. The article sheds light on the success of Aavegotchi, a blockchain-based collecting game that secures $30 million in Series A funding, showcasing the demand for unique and immersive gaming experiences.Alien Worlds, with a notable $10 million in seed funding led by Ascensive Assets, distinguishes itself in the play-to-earn space, allowing players to create their own in-game currency, Trilium (TLM). Gods Unchained, a free-to-play trade card game on the Immutable X blockchain, secures $30 million in Series B funding, signaling the rising popularity of blockchain-based trading card games and the potential of decentralized markets in the gaming industry.The speed at which these startups secure significant funding highlights the exponential growth and potential of the blockchain gaming industry. This trend indicates a transformative period, where the convergence of blockchain and gaming not only reshapes how games are made and monetized but also promises an exciting future for both gamers and investors. The article underscores how blockchain gaming stands at the vanguard of the gaming revolution, influencing the industry's trajectory with innovation, funding, and groundbreaking experiences.

The global blockchain gaming market is projected to reach USD 65.7 billion by 2027, growing at a compound annual growth rate (CAGR) of 70.3% from its estimated value of USD 4.6 billion in 2022. Blockchain gaming, the convergence of blockchain technology and the gaming industry, has experienced rapid growth and shows immense potential for the future. This emerging field has captured the attention of both gamers and developers alike, as it offers opportunities to transform the gaming experience, introduce novel revenue streams, and enhance security measures. In this article, we delve into the current state of blockchain gaming and explore forecasts for its industry in 2023.

How the Adoption of Web3 Technologies is Helping the Video Gaming Industry to Grow Even More! An Analysis of the Predicted Growth, Penetration, and Revenue of the Video Games Industry from 2023 to 2027. Web3 technologies and their role in the growth of the video gaming industry is a reality now, the report highlights projections and challenges in Web3 gaming and blockchain technology integration.

Urvit Goel of Polygon says that 2023 will be a big year for the Web3 industry and metaverse. He says that this is when we will see high-quality blockchain games.There are a lot of hopes for blockchain games, and many people expect them to live up to those hopes. Since 2023 is a "put up or shut up" year, it's likely that things will work out. But it's more likely that we'll see great Web3 games that are already being made by people with a lot of experience making games. Urvit Goel, Vice President of Games at Polygon, talked to VentureBeat about how important 2023 will be for the blockchain gaming industry. He also talks about the role that Polygon is playing in making the change happen.Goel said that 2023 will be a big year for the gaming industry, especially in terms of how blockchain technology is used. People will pay close attention to the promises made about upcoming games, and it's important that results start to show. Many developers are still in stealth mode and haven't put out any products yet. As more games come out, it will be easier to figure out how good they are and where the industry is headed. Polygon is making progress in the right direction, as it recently integrated Magic Eden into its chain. Additionally, blockchain games like The Sandbox, Decentraland, and more have embraced Polygon. However, it isn't as easy as it sounds, especially after the FTX collapse and the raging crypto winter. Despite the challenges, Dappradar reports that the Web3 blockchain gaming sector saw more than $500 million in investments. Goel facilitates the integration of cutting-edge technologies and marketplaces into the development process. He does this with a view to producing superior products. In support of this, Polygon has created a fund worth $100 million to invest in Web3 gaming and related sectors. A significant portion of this funding has been provided from the company's own resources, derived from a previous funding round that generated $450 million.Goel says that the blockchain gaming industry is growing up very quickly. At first, most people were interested in how blockchain and cryptocurrencies could be used to make money. This made games that were easy to understand and didn't impress serious gamers. Goel, on the other hand, thinks that the industry has reached a point where good games are being made. This shows a change toward becoming more mature and trustworthy.Goel says that the only developers left in the blockchain gaming industry are those who are very dedicated to making high-quality games that gamers will enjoy. Most of the time, these teams have a lot of money and all the tools they need to make great games. On the other hand, Web2 developers who move into Web3 projects are also likely to make a difference in the field. Even though the business has changed recently, Goel doesn't see any signs of a slowdown in the near future.

Understand what is important for you as a gamer to keep your money safe while playing and investing in Blockchain, crypto, and NFT games.

Drake Star came out with their Annual Report 2022 Video Games. M&A, funding, investments and more details on the video gaming industry.