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

As we talk about how things will change in 2024, let's take a trip into the ever-changing world of blockchain gaming. This article talks about the innovative spirit of early industry leaders and shows off their groundbreaking projects that will be available on major gaming platforms. Watch as established gaming giants enter the market strategically as they look into the huge potential of blockchain technology. The Top 50 Blockchain Game Companies of 2024 are getting a lot of attention, and now is the time to nominate companies that have made outstanding contributions. Come to Pocket Gamer Connects London and have fun! Leaders in the industry, such as Paul West, CEO of Fumb Games, will talk about web3 games for mobile devices like Bitcoin Miner and SpaceY. Look at how changes in app store terms have affected new trends in User-Generated Content (UGC) and mobile strategies. This article is the first to look at how blockchain and gaming are changing the industry and celebrates innovation, resilience, and the future of the field.

In a recent interview with Pocket Gamer, Immutable Games, the developer behind the successful NFT trading card game Gods Unchained, sheds light on the concepts of web3 gaming and its impact on the future of mobile and video gaming.Immutable Games' Chief Studio Officer, Justin Hulog, explains that web3 gaming is not solely about making players wealthy overnight, but rather about recognizing the value of players' time and money. The philosophy behind web3 gaming is to create a system that rewards players for their engagement and commitment. Unlike traditional Web 2 games, where in-game rewards might disappear with server shutdowns and items lack tradability or ownership rights, web3 games offer true ownership of in-game assets. This ownership extends beyond platforms and even allows players to trade or sell their assets when they choose.Hulog emphasizes that web3 technology enriches the gaming experience by empowering players to retain and enhance the value of their investments. The transition from Web 2 to Web 3 requires the expertise of web3 technology specialists, and ready-to-use product suites with integrated solutions can facilitate this transition. These solutions prioritize user-friendliness and security while providing real-time support tailored to each project.Immutable Games is optimistic about the role of web3 in the mobile gaming industry. As mobile gaming evolves from free-to-play models with loot boxes to "Play and Own" models that prioritize player community, web3 gaming is expected to play a crucial role. This approach maintains the flexibility and monetization aspects while allowing players to create and preserve value. Hulog suggests that the integration of subtle web3 elements into game design will lead to engaging titles that don't require players to grasp complex blockchain technology.Hulog also discusses Immutable Games' collaborations with development teams, focusing on integrating gameplay mechanics, tokenomics, and asset management. Drawing from their experience at Riot Games, Hulog emphasizes that web3 gaming will drive continuous growth, resulting in a diverse range of high-quality titles that seamlessly incorporate web3 elements.