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

Moxy Esports introduces a novel concept to the web3 landscape with its esports platform, offering players the opportunity to compete for real-money rewards. The platform operates by allowing players to enter tournaments with a nominal fee, which contributes to a collective prize pool. Winners then share the prize pool, mirroring the distribution model seen in traditional esports. Unlike many web3 initiatives that focus on tokenization, Moxy prioritizes community, decentralization, and innovative gameplay.The platform addresses the vast audience of video gamers and aims to bridge the gap between digital play and real-world rewards. While gaming has become more accessible than ever before, players often lack tangible recognition or rewards for their achievements. Most games are owned and controlled by companies, leaving players without substantial ownership. This presents an opportunity for web3 gaming, where players can possess in-game assets and convert rewards into real currency.However, the transition to web3 gaming presents challenges, as the shift from traditional web2 gaming is significant and not easily embraced by all players. Moxy Esports enters this landscape as a solution, offering a distinct approach. Moxy's game model involves players contributing small fees to join tournaments, creating a substantial prize. Winners then divide the prize pool amongst themselves, fostering an inclusive esports environment. Moxy's approach seeks to attract both existing esports participants and new players who have been spectators.Moxy's uniqueness stems from its ability to amalgamate the best elements of web2 and web3 gaming. It doesn't merely graft web3 features onto existing games but rather introduces an innovative gaming format that emphasizes competition, fun, and repetitive engagement. Importantly, this model is open to players of all skill levels, democratizing the esports experience and allowing traditional gamers to become champions.The platform's recent event, "Battle of the Influencers," exemplifies its innovative approach. Players paid an entry fee, contributing to a collective prize, which was subsequently divided among winners. This event showcased a fusion of web2 gaming enjoyment and web3's potential for rewarding participation.Nolan Bushnell, a key figure in Moxy Esports, is set to speak about web3 gaming's growth and significance at the Digital Entertainment Leadership Forum in Hong Kong. This underscores the platform's commitment to advancing web3 gaming's understanding and potential.In summary, Moxy Esports disrupts the web3 gaming landscape with its unique approach that combines traditional gaming excitement with web3's rewarding potential. By creating a platform where players contribute to a prize pool through nominal entry fees, Moxy engages a broad spectrum of players in competitive esports while embracing the spirit of web3 innovation.

Ultra Games is a top-tier gaming ecosystem that was started by industry veterans from Ubisoft, Playstation, and Nintendo. Smartoys store owner CLD Distribution worked with Ultra Games to make Ultra Arena. This new esports tournament platform is designed to give players of all skill levels the chance to compete in Web3 games and win different prizes. There will be tournaments for popular games like League of Legends, Overwatch 2, CSGO, PUBG, and others. Prizes will include digital games, collectibles, licensed products in the real world, and the $UOS ecosystem token. The goal of the platform is to build a strong sense of community in the gaming world by bringing together gamers, publishers, esports organizations, and brands.

In recent years, the Esports industry has been one of the fastest-growing ones, and by 2022, it is expected to make more than $1 billion. But there will be problems along the way, as there are in any industry that grows quickly. In recent years, the esports industry has had to deal with some big economic problems, and the ongoing pandemic has only made these problems worse. Community Gaming, a Web3 platform for esports tournaments, just announced that it has let go of 17 employees, which is just over 17% of the company's staff. The move comes at a time when the esports industry is still having trouble. In the past few months, it has forced other businesses and sports teams to make similar decisions. Community Gaming is still hopeful that Web3 solutions could help esports organizations get through the recession.

Gaming has come a long way from being a hobby for a small group of enthusiasts to become a multi-billion-dollar industry. Esports, or competitive gaming guild, has emerged as a significant force within gaming. Professional players and teams compete in global tournaments for millions of dollars in prize money. However, not all gaming communities are focused on making money. Some are celebrating the fun and community of gaming. Also, they are doing it through gaming guilds and decentralized autonomous organizations (DAOs).

Tower Conquest: Metaverse Edition, the popular mobile game, has announced its debut Web3 esports tournament with a significant prize pool and exciting rewards. With its engaging gameplay experience and new features, the game has gained immense popularity among gamers. The tournament offers players a chance to compete against each other and earn rewards while showcasing their skills. In this article, we will provide you with all the information you need to participate in and win the Tower Conquest: Metaverse Edition tournament.

Eternal Dragons NFT game announces its Alpha Tournament learn about the NFT gaming's marketplace status and player preparation. Discover the strategies and preparations behind the NFT game's most exciting event yet.The world of NFT gaming is abuzz with excitement as the Eternal Dragons prepare for their upcoming Alpha tournament. This innovative blockchain-based game features powerful dragons that players can collect, train, and battle against others in a virtual arena. As the competition draws near, these formidable creatures are undergoing intense training and preparation to emerge victorious in the tournament and claim the ultimate prize.Eternal Dragons is a unique NFT game that leverages the power of blockchain technology to create a virtual world where players can own and battle with powerful dragons. Each dragon in the game is unique, with its own set of attributes, abilities, and strengths. As players collect and train their dragons, they can increase their power and unlock new abilities, allowing them to take on more challenging opponents in the arena.

The Major Rugby League MLR and OVAL3 partnership will bring a unique fantasy NFT game, a valuable addition to Web3 and blockchain gaming.Major Rugby League fans will get their hands on an exclusive Fantasy NFT game using blockchain technology. The official announcement came from OVAL3, a renowned name in Web3 and fantasy sports games, especially rugby. As for MLR, it is a top league in North America, and it recently entered its sixth season last month. OVAL3 intends to offer top-tier blockchain immersive experiences and Web 3.0 engagement to the expanding North American rugby fanbase. It aims to achieve it through the procurement of MLR's exclusive NFT and Fantasy licenses. NFTs are now making a solid transition from profile pictures to in-game valuable assets. MLR has witnessed progress in all major metrics since 2017, consistently captivating new fans to the sport every year. The U.S. securing the 2031 (Men’s) and 2033 (Women’s) Rugby World Cups hosting will result in unparalleled North American focus on the sport in the upcoming years. This is where Oval 3 pledges to provide long-term support to MLR and its followers. Leveraging its fantasy rugby background from global operations, particularly with the Ligue Nationale de Rugby, OVAL3 plans to develop MLR's inaugural official fantasy game. This one-of-a-kind and captivating game will connect rugby with NFTs. Additionally, it will also tackle contemporary gaming codes using a Play & Own approach. It will provide a distinctive and immersive experience for both rugby enthusiasts and gamers.

Why are esports tournaments required for play-to-earn and blockchain games, and how can they help Web 3.0? The importance of esports in video games!

Play to Earn Games and what it tells about the new digital economy in the making. Crypto Games and NFT games are hot these days.

Admix, the London-based game monetization, and ad firm announced that it raised 25 million dollars in a Series B funding round.

FaZe Clan, has joined IPO with an estimated value of $1 billion. FaZe Clan is a popular gaming company with millennials and Gen Z.