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

Lightspeed, GamesBeat, and Nasdaq are back with the 2024 Game Changers program, spotlighting the top 25 gaming startups set to transform the industry! Dive into the action at the GamesBeat Summit in Los Angeles, where innovation meets expertise. This year's event features panels with industry leaders like Moritz Baier-Lentz from Lightspeed and Sophia Xing from Inworld AI, who'll share their insights on game-changing trends and technologies. From groundbreaking game studios to revolutionary blockchain tech, discover what makes a startup stand out and how they can shake up the gaming world. Whether you're in it to learn about next-level gaming platforms or the latest in interactive tech, Game Changers 2024 is your insider's look into the future of gaming. Get ready to be inspired by the most innovative minds in the industry!

Mythical Games, a pioneering player in the emerging Web3 era of gaming, has taken a significant step towards mobile gaming with the launch of Blankos Block Party, building on the successful debut of NFL Rivals.Blankos Block Party, originally a Web3 PC game, has now been adapted for mobile devices, capitalizing on Mythical Games' prior achievement with NFL Rivals for iOS and Android. NFL Rivals garnered immense popularity, amassing over 2.5 million downloads, particularly benefiting from its August release, coinciding with the start of the NFL season. Notably, NFL Rivals was a groundbreaking Web3 game available in app stores.John Linden, the CEO of Mythical Games, highlighted that NFL Rivals incorporated elements from both Web2 and Web3, with the advantage of not requiring cryptocurrencies or Mythical's proprietary tokens for in-app purchases, thereby avoiding related restrictions.Despite adhering to the rules of Google Play and the Apple App Store, Mythical Games successfully secured a prominent position in both app stores, notwithstanding Google Play's prohibition on Web3 games associated with gambling. Apple even recognized NFL Rivals as the "game of the day," a significant milestone for Mythical Games.Mythical Games conducted extensive discussions with app stores to align its strategy with Web3 technology while preserving a user-friendly, "gamers-first" experience, ensuring that players could enjoy NFL Rivals without the need to comprehend blockchain technology. NFL Rivals is exclusively available on iOS and Android devices.NFL Rivals allows players to acquire, enhance, and trade digital collectibles, with a dedicated Marketplace provided by Mythical Games for trading and selling these items. These collectibles can be purchased with virtual currency, known as Rivals credits, obtainable through app store transactions. While these in-game credits cannot be converted into real currency, they serve for in-game purchases.Notably, app stores take a 30% cut of in-game purchases made using Rivals credits, a significant step in compliance with the rules of both the App Store and Google Play Store. Players are also equipped with wallets to manage their tokens, although the Mythical token cannot be exchanged for other cryptocurrencies.John Linden expressed satisfaction with the positive industry feedback, signifying the company's growing popularity and transition from proving its concept to engaging with industry peers about new game releases.Regarding their interactions with Apple and Google Play, Linden mentioned that Apple was less open compared to Google Play, yet Mythical Games maintained regular communication with both platforms. At the time, it remained unclear if Apple had a formal policy on blockchain games, but the company was monitoring aspects of Web3 while not expressing concern about others.Mythical Games introduced a machine learning-driven feature that enhanced player lineups, resulting in a fourfold increase in secondary sales between players.Linden emphasized a crucial point in discussions with Apple: "50% of all players who bought something early from another player have come back to buy things in-app," indicating that Apple's approach was conducive to the platform.Blankos Block Party, currently available only for PC and Mac, is undergoing adjustments based on lessons learned, with plans for a mobile release designed to cater to both mobile and PC users. The company aims to address issues related to player spending and game promotion, with hopes of performing well in mobile app stores.Overall, Mythical Games expressed optimism about the future of Web3 gaming, with Linden stating that Web3 was approaching a turning point and that they were on track to add approximately one million new players to the game each month.

Over the past week, the Web3 gaming scene has witnessed numerous intriguing developments. The Gamesbeat Summit 2023 concluded with accolades recognizing innovative ideas and emerging talent. Gala Games has officially launched GRIT, a Western-themed battle royale game, and concurrently burned a significant number of tokens, emphasizing its commitment to stability. The Eternal Dragons game introduced a novel gameplay feature called Void Affinity, adding depth to strategic gameplay.Meanwhile, Illuvium Zero commenced its Alpha Season, allowing players to gather rewards, blueprint items, and participate in the Illuvial Biodata ecosystem. Gods Unchained unveiled its 2023 roadmap, outlining plans for various enhancements, new game modes, improved player experiences, and a mobile app release. Additionally, Openfort secured $3 million in funding to advance its "wallet-as-a-service" software for streamlined crypto transactions in gaming.Gala Games' GRIT Launches: Gala Games introduced the game GRIT, offering players a unique Western-themed battle royale experience. The game features Gunslingers, a collection of 10,000 NFT characters that players can use in-game. GALA tokens are used for rewards, and a Battle Pass system grants access to special items and potential future updates such as leaderboards and tournaments.Gamesbeat Summit 2023 Highlights: The Gamesbeat Summit 2023 showcased the adaptability of the gaming industry, featuring discussions on AI, novel business models, and Web3 profit avenues. The event included exhibitions, talks, Q&A sessions, and award presentations. Rich Vogel received the Up-and-Comer Award, and Meggan Scavio was honored with the Visionary Award, recognizing contributions to Web3 gaming and outstanding vision.Gala Games' Token Burn: To alleviate concerns and enhance tokenomics stability, Gala Games executed a substantial token burn, consuming approximately $637 million worth of GALA tokens, nearly 21 billion in total. This move followed Gala Games' intentions to bolster the ecosystem through token reduction and address potential risks.Openfort's Funding and Vision: Openfort secured $3 million in seed funding to advance its wallet technology aimed at simplifying cryptocurrency transactions for game developers and publishers. The company's focus on reducing user interaction with blockchain and incorporating unique experiences based on user behavior garnered investor interest.Illuvium Zero Alpha Season Launch: Illuvium Zero's Alpha Season launch allowed players to engage in gameplay, collect Illuvial Biodata, and obtain blueprints that can be minted for future use. The update included Alpha 2.0 improvements and encouraged players to build bases, gather resources, and participate in minting.Gods Unchained Roadmap for 2023: Gods Unchained revealed its 2023 roadmap, outlining plans for new game modes, improved player experiences, a mobile app launch, and various enhancements. The roadmap reflects the game's positive trajectory and is accompanied by interactive sessions for players to learn more.Eternal Dragons' Void Affinity: Eternal Dragons introduced Void Affinity, expanding its roster of in-game associations. This addition enhances strategic gameplay by allowing players to disrupt opponents' plans and alter the course of battles using Void Affinity mechanics.These updates merely scratch the surface of the bustling Web3 gaming industry, with ongoing innovations continuously shaping the landscape.

The GamesBeat Summit 2023 gave enough time to look into the revolution in the game industry and how it is changing to become more flexible and adaptable. There were many different topics at the Summit, such as artificial intelligence, creative business models, and ways to make money on Web3. It was important because it brought together gaming communities and leaders from the business. At the GamesBeat Summit, there are exhibitions, roundtable talks, Q&A sessions, VIP lunches and dinners, diversity breakfasts, one-on-one meetings, awards, and more. On the last day of the GamesBeat Summit 2023 meeting in Los Angeles, the 2023 Visionary Awards were shown.

Web3 Experts on Opportunities and Challenges in Making a Successful Web3 Game: Gamesbeat Summit 2023. Gamesbeat Summit 2023 keeps going with interesting talks about Web3 games and their future. Urvit Goel of Polygon Labs, Serhat Maraslgil of BoomLand, and Peter Kieltyka of Horizon Blockchain Games got together on Day 1 to talk about "What's needed for the next successful Web3 game." Dean Takahashi, who is the lead writer for Gamesbeat, was there to ask some thought-provoking questions. How can you level up in Web3 games? What parts will make the next Web3 game a hit? What are the problems that game developers have to deal with when making Web3 games? And what can be done about it? Serhat was the first person to speak at GamesBeat Summit 2023. He talked about the possibilities that Web3 has for both gamers and developers. When it comes to Web3 games, there are a lot of chances for both sides.

The Gamesbeat Summit 2023 is just getting started, and there will be inspiring and thought-provoking talks about the gaming business. The 15th Gamesbeat Summit starts with Dean Takahashi's opening speech. Sponsors like Visa, Facebook Gaming, Jam City, and Xsolla, among others, give money to make the event possible. This year's Gamesbeat Summit will have a lot of different guests with a lot of different backgrounds talking about a lot of different things. There will be 139 speakers in 53 classes, and each one will talk about a different subject. At the top of the mountain, a day is made up of three parts: the beginning, the middle, which includes a break, and the end.

Gumi Cryptos Capital pledges a massive investment of $110 million in capital for new and early-stage blockchain startups.

Turnt Gaming has raised $4.3 million for its new arcade fighting and skilled-based crypto game. The game will use blockchain and feature NFT's

NFT games, which are digital assets based on blockchain and look very promising, are attracting a lot of investors.