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

In a groundbreaking development for the web3 gaming industry, Immutable, a key player known for its innovation, has joined forces with Amazon Web Services (AWS), a global leader in cloud computing and infrastructure services. This strategic partnership is set to redefine the web3 gaming landscape, combining Immutable's expertise with AWS's robust infrastructure. The collaboration includes Immutable's participation in AWS's ISV Accelerate Program, and it highlights the growing recognition of Immutable's potential. By leveraging AWS's resources, Immutable aims to empower new game studios and enhance the development of web3 games, ultimately reshaping the gaming experience for a global audience. This article delves into the details of this game-changing collaboration, the services offered by AWS, and Immutable's position in the web3 gaming sphere, as well as its recent innovations and notable investor support. Immutable, a prominent player in the web3 gaming sector, has made a strategic alliance with Amazon Web Services (AWS), marking a significant development in the web3 gaming landscape. This collaboration is set to revolutionize web3 gaming by leveraging AWS's infrastructure and Immutable's expertise to empower game studios and drive innovation.Immutable has become part of AWS's ISV Accelerate Program, an exclusive platform for companies offering software solutions integrated with AWS. This recognition underscores Immutable's potential and grants access to a range of resources within the AWS ecosystem.John Kearney, Head of Startups at Amazon Web Services Australia and New Zealand, emphasized how AWS is supporting Immutable by onboarding new game studios, providing technical support, training, and up to $100,000 in AWS cloud credits through programs like AWS Activate and ISV Accelerate. This support accelerates global game launches and fosters innovation in the web3 gaming space.AWS, a global leader in cloud computing and infrastructure, offers a suite of services tailored for the gaming industry, including cloud gaming, game servers, security solutions, analytics, and AI/ML. By partnering with AWS, Immutable gains access to world-class resources and expertise that enhance its web3 gaming initiatives.Immutable's involvement in AWS's ISV Accelerate Program streamlines development processes and expands its reach by facilitating the onboarding of new game studios and providing them with essential resources for a global launch.AWS Activate, designed for startups, provides a platform for game developers to build on Immutable's blockchain. Participants gain access to technical support, training, and substantial AWS cloud credits, reducing development costs for game creators.Immutable offers a suite of integrated products and services for game developers, ensuring a seamless player experience and establishing a robust revenue engine for the gaming community.Immutable recently unveiled its zero-knowledge Ethereum Virtual Machine (zkEVM) in collaboration with Polygon Labs. The zkEVM promises to lower development costs, enhance security, and leverage Ethereum's network effects, advancing the creation of secure and efficient web3 games.Immutable's remarkable $2.5 billion valuation achieved in March 2022, following a $200 million Series C funding round led by Temasek, underscores its prominence in the web3 gaming domain. Investments from entities like Animoca Brands Corp. Ltd. and Tencent Holdings Ltd. further solidify Immutable's position in the industry.Immutable's vision extends beyond the present, with plans for multiple product launches and strategic industry collaborations in 2023 and beyond. The partnership with AWS is expected to drive significant advancements in the web3 gaming industry, promoting digital ownership and redefining the gaming experience through cutting-edge technology. Immutable and AWS are working together to expedite the integration of game studios into the web3 space, ushering in a new era of gaming. Gamers, take note of the game-changing collaboration between Immutable and Amazon Web Services (AWS) in the web3 gaming world. Immutable, a recognized innovator in this sphere, is partnering with AWS, a global cloud computing leader. This synergy promises to reshape the web3 gaming landscape, with Immutable gaining access to AWS's robust infrastructure and expertise, empowering game studios in the process.Immutable's inclusion in AWS's ISV Accelerate Program signifies its potential and commitment to web3 gaming, offering exciting opportunities for game developers. Through AWS Activate, game creators can access technical support, training, and substantial cloud credits, significantly lowering development costs.Furthermore, Immutable's groundbreaking zero-knowledge Ethereum Virtual Machine (zkEVM) technology, developed in collaboration with Polygon Labs, aims to enhance security and reduce development costs for more efficient web3 games. With a valuation of $2.5 billion and notable investor backing, Immutable's future looks bright, promising innovations, and strategic collaborations. Gamers can anticipate a more immersive and secure gaming experience with cutting-edge technology and authentic digital ownership at the forefront. Discover how Immutable's partnership with AWS is revolutionizing web3 gaming, reducing costs, and enhancing the gaming experience

Biggest hacker heists to date against crypto gaming where the hackers took off with $600 million. The victim is crypto gaming; Axie Infinity.

Axie Infinity Deploys Desperate Changes to its Resuscitate its Limping Economy.Axie Infinity, the torchbearer of P2E, decides to implement a few changes to its economic model after plunging stats of its token price, NFT valuation, and trading volume. After its astronomical popularity last year, this is the first time the game suffers a decline in popularity.Axie Infinity changes its economic systemThe Ethereum based game enjoyed massive success last year and racked up almost $4 billion in NFT trading volume.However, things went south lately for Axie Infinity as its token and NFT values took a downfall. The plunging values of the game have put the entire play-to-earn model into question. Assessing the failing economy of the game, the creators of Axie Infinity have decided to introduce changes designed to bring the game economy back to life.The prime change is related to SLPs where the game will reward fewer SLP tokens. Moreover, the game will focus more on online arena battles and their rewards. The changes will go live with the game’s 20th season on both mobile and PC.As of now, Axie Infinity requires a player to buy its NFT assets which are known as Axies. To begin playing the game, a player needs to buy at least three of these NFTs. The player then earns by breeding and battling monsters which yield token rewards.The P2E model of Axie Infinity also resulted in community-based scholarship programs. These scholarship programs worked in third-world countries where NFT asset holders rent Axies to players in return for a cut in token rewards. This scholarship program also played a massive role in Axie Infinity’s success last year.Axie Infinity changes its economic systemHowever, the momentum quickly took a plunge, and the game’s token SLP decreased below $0.10. The falling value of the token put a massive strain on the scholarship guilds.Moreover, AXS also plunged nearly 70% when compared to its peak value. Its NFT trading volume decreased from $754 million in November to $301 million in December.And to top it all off, Sky Mavis’ data shows a drop in concurrent players from a peak of 2.7 million in November to 2.2 million at the end of January.Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s) , Play to Earn (P2E/Play-to-Earn), crypto games and crypto currencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain based video games and its transactions and payments in the games.Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studio’s that lead the way. Mobile games, PC games and Console Games and their vision on cloud gaming, streaming, esports and gamer communities. Online digital entertainment like movies, music, concerts, art and top brands such as fashion and much more that connect with video games in the metaverse.If you want to stay up-to-date of my daily game news, then follow me on Google News.

Great news for Bored ape NFT's holders as new projects and games involving the Bored NFTs are about to go sky-high.

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

Play-to-earn games have propelled the popularity of crypto's in a huge way and the reason behind it is easy to understand.