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

As cryptocurrency and "play-to-earn" games have become more popular, they have brought new challenges and risks to the gaming world. During this time, people said that CryptoZoo was a scam. The Philippine National Police warned about possible risks in cryptocurrency gaming schemes, citing scams and the lack of anti-money laundering protocols. Players are tempted to play games that may have malware hidden in them by fake rewards. The fact that Axie Infinity is so popular shows how good crypto games can be, but the fact that it was hacked and that its price went up and down shows how vulnerable they can be. Even though it's appealing, it's important to be careful because of scams and changes in the market. Stakeholders must adapt to how crypto gaming is changing and find a balance between new ideas and safety.

Yield Guild Games recently hosted the Web3 Community Summit, a gathering that showcased upcoming Web3 games like Gensokishi, Metacene, Mighty Action Heroes, SingSing, and XPLA. The event, presented in collaboration with Globe and GCrypto, offered attendees opportunities to explore and compete in these games while Web3 Jobs Asia facilitated job applications for over a hundred available positions within the Web3 industry. Despite market fluctuations, the summit underscored the community's steadfast enthusiasm for Web3 technology.Yield Guild Games has been pivotal in nurturing the local Web3 community since its inception in 2020. Their Web3 Metaversity educational initiative has empowered residents with essential skills and knowledge for navigating the metaverse. The organization recognizes that initial players who engaged with Web3 for gaming have evolved into dedicated YGG users. Initiatives like the Guild Advancement Program and SuperQuests have streamlined community engagement and learning about Web3 games.In an upcoming event, Yield Guild Games is set to host the Web3 Games Summit in November. The summit will encompass a hackathon, esports competition, conferences, and more, with attendees including global founders, developers, investors, community leaders, and content creators. YGG's CEO, Gabby Dizon, believes these efforts will enhance the recognition of Filipinos in the Web3 arena.Yield Guild Games, as the largest decentralized network of gaming guilds in the blockchain and Web3 education realm, has been instrumental in catalyzing the growth of gamers and blockchain enthusiasts. Through their various initiatives, partnerships, and forward-looking approach, YGG has solidified its position as a leader in the evolving Web3 landscape, demonstrating resilience and optimism despite challenges.

Security is a serious concern when it comes to the crypto and the Web3 industry. Many have lost billions in crypto hacks, cyberattacks, and scams owing to the decentralized nature of Web3.

Despite crypto lurking in abyss, many powerful investment institutions are confident in crypto and Web3 and want to include cryptocurrency in their investment portfolios, read more.

NFT and crypto integration in video games have a love-hate relationship with the gaming communities around the world.

No NFTs for Activision Blizzard players as Mike Ybarra has quashed the rumors of Activision Blizzard incorporating NFTs in its games

The deal between FTX and Good Luck Games wasn't well-received by gamers. Storybook Brawl became victim of negative reviews on Steam.

The famous and often controversial Youtuber Dr. Disrespect plans to enter the domain of NFT's via his Midnight Society studio

While on a promotion spree of Valve’s newest venture and product Steam Deck, Gabe Newell has shared thoughts on several subjects.

He believes that the play-to-earn crypto games phenomenon will be the new norm for gamers in the next five years.

In a recent move by the authorities in South Korea, Apple and Google are asked to remove play-to-earn games from their respective stores

Gaming Guilds and Crypto Games, what does it mean? So what exactly are gaming guilds and why are they becoming so popular?

Nexon America, a gaming company and subsidiary of South Korean gaming giant Nexon, announced that it has started accepting cryptocurrencies.

French hyper-casual game company Voodoo announces that it plans to make massive investments in blockchain-based mobile games.

Hackers on the Prowl as $404 Million Lost in Attacks this Month. There is an influx of massive amounts of money hackers try to break in