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

Hey guys, guess what! ImmutableX NFTs have just broken records, and it’s all thanks to the incredible new blockchain game, Guild of Guardians. This is absolutely insane! On May 10, daily unique sellers on ImmutableX soared past 400, and on May 8, buyers hit a record 353. You won’t believe these numbers! Guild of Guardians NFTs, the hottest collection on the block, drove this massive surge. In just the last month, GOG NFTs raked in over $11 million in sales – an 80% jump! Daily sales have been above $500k since May 10. ImmutableX, an Ethereum layer 2 chain using zero-knowledge (ZK) proof technology, is now the fifth-largest blockchain by NFT trading volume. Stay tuned because this is going to blow your mind! ImmutableX and Polygon are the only blockchains in the top 10 seeing a rise in NFT trading volume. How awesome is that?

In our newest article, we take you on a trip through the cutting edge world of blockchain gaming. Check out the innovators who are making big changes in the industry, like Ubisoft and Upland. Ubisoft, best known for Assassin's Creed, takes a big step into blockchain gaming with Champions Tactics: Grimoria Chronicles. The game uses Ethereum-based NFTs to make the play-to-earn experience more immersive. Upland, a leader in Web3 gaming, releases Polemo Games, a cross-platform game that combines combat training with NFT ownership. The MoonRealm Express Accelerator, which was made by Animoca Brands, Amazon Web Services, and Polygon Labs working together, speeds up the industry by helping web3 developers make the Mocaverse ecosystem better. On the other hand, Alien Worlds is a leader in AI storytelling, and they worked with famous sci-fi author Kevin J. Anderson on the Large Lore Model project. Find out about the latest issues and trends in crypto gaming, such as how to keep your credentials safe when bots try to cheat you. Come with us as we explore the exciting place where technology and fun meet, where the future of games is being made right now.

As we look at the newest DappRadar findings, we will start an interesting journey through the crypto gaming world, which is always changing. We look into the rise of daily unique active wallets and talk about leaders in the field like Wax Blockchain (WAXP), NEAR Protocol (NEAR), and Celo's (CELO) transformative rise. Check out the most important games in the story, such as Alien Worlds, Sweat Economy, SecondLive, Splinterlands, and Battle Left Center Right (BLCR). Each of these games has made a lasting impact on the blockchain gaming scene. But as the industry grows at an exponential rate, a huge problem arises: automated bots are getting into it. Figure out the difficulties developers face as they try to find their way through the complicated web of metrics and tell the difference between real user engagement and automated interference. We will use DappRadar to help us understand the latest trends, successes, and failures in the exciting new area where blockchain technology and video games overlap.

Get ready for a game revolution as Illuvium, the Ethereum-based blockchain RPG, gets ready to make waves on the Epic Games Store. This story lets you explore the world of Illuvium, which was made by the same people who made the blockchain game business. Find out about the open-world RPG features, how to use NFT, and how to play other games without any problems. Find out about the creative moves Epic Games made that made Illuvium a popular game. Join us as we look into how traditional games and blockchain technology are coming together, as more and more big names in the industry become interested in this game-changing trend. Illuvium's Epic premiere is coming up, and the stage is set for an immersive trip at the cutting edge of game trends. In a groundbreaking move set to redefine the gaming landscape, Illuvium, a blockchain gaming startup, is gearing up for its debut on the Epic Games Store on November 28. Built on the Ethereum-based Immutable X platform, Illuvium is not just a game; it's an open-world RPG that leverages NFTs and blockchain technology. Players can explore the 3D Overworld, capturing creatures known as Illuvials, and engage in strategic battles in the "Arena" using these NFT assets.Epic Games, recognizing the innovative use of blockchain in Illuvium, emphasizes the integration of blockchain technology to unify assets across games, creating an interconnected blockchain game universe. This move by Epic Games aligns with a broader trend in the gaming industry, with major publishers such as Electronic Arts, Sega, and Ubisoft expressing heightened interest in blockchain gaming and NFT technology. Electronic Arts plans to incorporate NFTs into EA Sports titles, Sega has licensed intellectual property for third-party blockchain games, and Ubisoft has experimented with free NFT drops in Ghost Recon Breakpoint.Illuvium's listing on the Epic Games Store is poised to introduce Web3 gaming concepts to millions of new gamers, given the platform's extensive user base of over 180 million players. The game's integration with Epic's auto-update features is expected to streamline the gaming experience, allowing Illuvium to focus on development.The broader trend of on-chain gaming is underlined by a 6% month-over-month increase in the user base, surpassing 750,000 unique active wallets in August 2023, according to DappRadar's data. As a testament to the excitement surrounding Illuvium's integration with Epic Games, the associated ILV token has experienced a notable surge, recording a 20.7% increase in the last 24 hours, according to CoinGecko.The significance of Illuvium's Epic Games debut extends beyond a mere game release; it marks a pivotal moment in the journey of blockchain gaming, stepping out of niche markets and into the mainstream gaming arena. Players and industry enthusiasts are eagerly anticipating the convergence of traditional gaming and blockchain technology, and Illuvium's Epic Games debut promises to be a significant step forward in this transformative journey. The stage is set for an immersive gaming experience, blending cutting-edge technology with the excitement of traditional gameplay.

In this insightful article, we delve into the evolving landscape of blockchain gaming in Q3 2023. Our comprehensive overview explores the latest trends and key players in this dynamic industry. We'll discuss the dominance of Alien Worlds and Splinterlands as the top Web3 games and the rise of the move-to-earn paradigm. Notably, we delve into the transaction volumes of games like Axie Infinity and God's Unchained, shedding light on changing player preferences and trading dynamics in the world of NFTs. Furthermore, we examine the virtual worlds market, where excitement for metaverse and virtual world Dapps is on the rise. Our article also covers the impressive $600 million in funding raised for Web3 game initiatives in the quarter and the strategic investments by venture capitalists. Join us for a deep dive into the ever-shifting landscape of blockchain gaming. The blog provides an in-depth overview of the blockchain gaming landscape in Q3 2023, offering insights into various aspects of the industry, including NFTs, Dapp rankings, top Web3 games, and virtual worlds.Blockchain Games Overview:The blog acknowledges a slight slowdown in the momentum of blockchain games in the past quarter. However, it clarifies that this doesn't indicate a loss of consistency in the realm of Web3 adoption. Rather, it suggests a shift in the landscape due to the emergence of new technologies. Of note, social Dapps have been gaining traction, with increased user interest in social initiatives, although they currently hold an 11% market share. The introduction of new competitors like Skale, Base, and zkSync is reshaping the blockchain gaming market, aligning with the future of Web3 gaming.Top Web3 Games:The blog highlights that Alien Worlds and Splinterlands have consistently maintained their top positions in the Web3 games rankings. It mentions that the move-to-earn paradigm is gaining significant ground, with Sweat Economy and SuperWalk emerging as notable players in this space. These rankings are also analyzed from the perspective of transaction volumes, offering insight into player preferences and revenue streams.Web3 Games by Transaction Volumes:The article delves into the analytics, noting that Axie Infinity has been updated and continues to gain popularity, with its continued dominance anticipated. God's Unchained follows a similar trajectory, marked by a significant increase in trading volume since the launch of its current season. Notably, the latest NFT data reveals changes in trading volume, with newer entrants challenging established NFT groups like BAYC and Azuki. The emergence of Treasure DAO, a studio dedicated to casual games, is indicative of a growing interest in this genre.Virtual Worlds Overview:The blog acknowledges that this quarter witnessed a historic low in revenue and trading volume for virtual worlds. However, it underscores the increasing enthusiasm for metaverse and virtual world Dapps. Animoca Brands secured $20 million in funding, which is aimed at strengthening the Mocaverse ecosystem and promoting extensive use of Web3. Mocaverse aspires to become a hub for Web3 gaming, metaverse culture, and entertainment.Funding for Blockchain Projects:The article highlights that Q3 2023 saw an impressive $600 million in funding for Web3 game initiatives, bringing the total for the year to $2.3 billion. Although this figure represents only 30% of the capital raised in 2018, it is important to consider the unique market conditions of 2023. The blog points to A16z's Speedrun accelerator as a significant innovation in this quarter, with a plan to invest $75 million in pre-seed firms that combine gaming with technology. It emphasizes that venture capitalists are actively financing the next wave of Web3 gaming sensations, underscoring their confidence in the sector's future.Wrap-Up:In conclusion, the blog provides a detailed look at the dynamic landscape of blockchain gaming in Q3 2023. It underscores the industry's great promise, evident in the $2.3 billion invested thus far in the year, including a substantial $600 million in the most recent quarter. While certain games maintain their leadership, the emergence of projects like TreasureDAO and the shift toward the move-to-earn concept signify diverse gaming interests. The article suggests a bright future for blockchain gaming but emphasizes the need for adaptability due to the ever-evolving dynamics across industries and platforms. Gamers, take note: the Q3 2023 overview of the blockchain gaming landscape offers crucial insights to keep in mind. Despite a slight slowdown, blockchain gaming remains a dominant force in the Web3 world. It's essential to understand that this slowdown doesn't signal a loss of momentum but rather reflects a shifting landscape driven by emerging technologies.Top Web3 games, such as Alien Worlds and Splinterlands, continue to lead the pack, but the rise of the move-to-earn paradigm introduces new opportunities for players. Axie Infinity and God's Unchained are evolving and drawing increased trading volume, making them worth watching.In the virtual worlds sector, while revenue and trading volume may have seen a historic low, the excitement for metaverse and virtual world Dapps is on the rise. The $20 million in funding raised by Animoca Brands for Mocaverse underscores the increasing engagement in this space.Funding for Web3 game initiatives has soared, with $600 million raised in Q3 alone, totaling $2.3 billion for the year. Notably, venture capitalists are eager to invest in the next big Web3 gaming sensations, signaling a promising future.In a nutshell, the blockchain gaming landscape remains promising. While stalwarts like Alien Worlds and Splinterlands maintain their positions, emerging projects like TreasureDAO and the move-to-earn concept indicate a shift toward diverse gaming interests. As the industry evolves, adaptability and foresight will be paramount. Gamers should stay tuned for exciting developments in this ever-changing realm.

In a recent report by DappRadar, the numbers for Gamefi look good. Among Web3 companies, Metacade is one of the best when it comes to on-chain games.In early 2023, on-chain gaming activity bounced back from a difficult 2022, as reported by DappRadar's latest Games Report. Gala Games (GALA/USD), Axie Infinity (AXS/USD), Decentraland (MANA/USD), Floki Inu (FLOKI/USD), and many other established players in the game-fi industry have been driving the momentum.A notable industry analysis report says that DapprRadar shows that Floki has taken the lead with a huge 380% increase, followed by Wemix with a 322% increase. This shows that the game-fic world is growing in a positive way. With this much potential, there is plenty of room for many players to get a big share of the market. Investors should think about putting together a portfolio that includes both well-known companies and new companies like Metacade, which are trying to bring something new to the industry. DappRadar says that on-chain data shows that gaming activity went up by 1.31 percent in January, with 858,621 daily Unique Active Wallets (dUAW) making up nearly half of all dapp activity. But these numbers are still small compared to the gaming industry as a whole, which has 2.69 billion customers around the world. People think that the gaming industry will make about $170 billion in 2022, which is five times more than what movies make at the box office. Some estimates say that by 2030, the gaming industry around the world could be worth $470 billion.The question that arises is what role the cryptocurrency and blockchain industry will play in shaping the gaming industry's growth trajectory until the end of the decade. The Web3 gamefi industry has demonstrated its competitive edge against traditional video games and Defi as evident in DappRadar's several reports. Progress, new ideas, and investments in blockchain technology and cryptocurrencies back up this claim. The fact that Gala Games bought Ember Entertainment is a big deal that happened just in 2023. Also, Ember's games were added to Gala's layer 1 blockchain, Square Enix's NFT game was released, and part of Courtside Ventures' $100 million fund was set aside for gaming. Lastly, Metacade was able to raise about $9.3 million in five rounds of pre-sales. Metacade is different from other gaming companies because it offers a wide range of games to suit everyone's tastes. As a game-fic project, it lets people play games that let them earn money. It also has plans to become a full-fledged DAO by the year 2024. This will let the community use the MCADE token to take part in running the project. Players will also be able to earn tokens by completing tasks, taking part in player-versus-player sessions, writing reviews, and attending events.The success of Metacade's presale rounds highlights the increasing enthusiasm among investors for new projects.In the sixth round of pre-sales, the MCADE token costs $0.017. It's a big jump from the $0.008 it was worth in the beta round. Investors who want to take part in the next round of Metacade should move quickly. As the presale process nears its end, the price is likely to go up even more. The coin will also be listed on major cryptocurrency exchanges like Bitmart and Uniswap. So, it is usually a sign that the coin could go up in value in gamefi and web3.

Blockchain gaming enjoys the high tide as Hong Kong-based crypto game studio Animoca Brands raises $360 million in a recent funding round.