Blockchain games continue to evolve despite the crisis
DappRadar analysts believe that the general fall in quotes and the crisis in the crypto market had less effect on blockchain games. Their latest report says that P2E games grew by 9.51% in half a year. In the first and second quarters of 2022, investors invested $2.5 billion in them.
The service said that June went down in history as the worst month for the crypto industry, and even the blockchain gaming space felt this pain, registering the lowest monthly investment of $500 million.
According to the agency, blockchain games will become a key driver of the industry development in the next 2-3 years and will attract at least one hundred million new users to the crypto industry for one simple reason - they connect NFT and DeFi, and represent something really new and exciting.
The number of gaming-related NFT transactions decreased by 51% in the second quarter compared to the first. Sales fell by 82%. However, the total number of transactions sent to smart contracts in the gaming sector is much higher than in other categories such as DeFi, gambling, exchanges and marketplaces. In July, gaming transaction volume remained above $24 million per day.
DappRadar notes that the Solana blockchain is the one that attracts game developers the most. This trend can be attributed to low-cost transactions and efficient processing speed. Despite numerous network outages, blockchain activity increased by 311%. With a "vibrant gaming community", WAX has also made significant strides. Blockchain activity has grown by 6% since May.
DappRadar shared the geography of the popularity of the metaverses: Decentraland is most popular in the USA, Austria, Germany, Iceland, Latvia and Liechtenstein, and The Sandbox is most talked about in China.
A16Z FUND INVESTED $50 MILLION IN VEEFRIENDS START-UP
A startup of an entrepreneur of Belarusian origin raised $50! million in a seed round led by a16z venture fund.
Gary Vaynerchuk's VeeFriends NFT project is a collection of rendered animals on the Ethereum blockchain. Pictures above.
An excellent deconstruction case to understand why tier-1 funds are ready to invest such amounts, and people buy these seemingly strange NFTs for 7+ eth. #DYOR
SWISSBORG VENTURES INVESTED IN CROSS THE AGES
The CCG game Cross The Ages continues to attract supporters and investors. SwissBorg Ventures saw the potential of the project and entered the $12 million seed round along with other participants from Ubisoft, Animoca Brands, Polygon, The SandBox and others.
SOLANA NOT AGAIN, BUT AGAIN
At this point, it doesn't look like the problem is with the network itself. There is something that allowed attackers to compromise private keys. The main problem is that the nature of the exploit is still unknown. There is an assumption that these are js libraries of some applications. We are waiting for details. You can discuss the news in our chat.
HERE ARE SOME DETAILS OF THE EXPLOIT:
– Less than 0.8% of wallets worth about $8 million are affected.
– Wallets that have not been active for more than 6 months have been attacked.
– Users of Slope and Phantom wallet mostly suffered.
– Several Solana RPC nodes have been disabled after reports of a DDoS attack to slow down the current exploit.
– The price of the token dipped slightly around -2% within the daily volatility.
RECOMMENDATIONS:
– Transfer funds to a ledger or an exchange that has not suspended deposits/withdrawals, but this is not the preferred option.
– Revoke all permissions for third party apps in your wallet. In the wallet, click the Settings -> Trusted Apps -> Revoke button.
IT IS INTERESTING:
– In just six months of 2022, hackers stole about $2 billion from crypto projects.
– Biggest hack involved Axie Infinity $624 million Leaderboard can be viewed here.
HASHED VENTURE COMPANY CONFIRMED LOSS FROM LUNA FALL
At the beginning of May 2022, venture capital company Hashed lost about $3.6 billion from the fall of $LUNA. Simon Sejun Kim (CEO of Hashed) stated that it was about the amount of 30 million tokens.
On May 7, $LUNA plunged from $80 to a few cents, ultimately wiping out $40 billion in investor investment.
Our VC Tier List investing in Web3 and Hashed is one of the key ones in it.
NEWZOO HOLD A SURVEY AMONG GAMERS
40% of players in the US, UK and Indonesia are interested in blockchain games, but they need less risk and more knowledge.
According to Newzoo analysts, a player should play NFT games without knowing that this is an NFT game and withdraw money from it without realizing that the money comes out in the form of cryptocurrency and this happens on the blockchain.
Comment from the editors of CGP:
In general, this correlates well with the hatred that fell on large gaming companies for the first attempts to implement NFT and the failure of developers to reach the non-crypto audience of gamers. The narrative shifts to the side - first of all, the game as entertainment (Although he has not left anywhere since the 17th). There was no idea to make boring games just for money. There were no suitable staff.
Therefore, investors are now looking for projects from web2 studios, going to the other extreme, which is also the wrong approach. often they lack competencies in web3. You can’t just take and transfer the usual free-to-play closed economy and monetization methods to open web3 economies. If your player was a client (pays), and becomes a performer (earns), then a fundamentally new approach is needed with the search for clients in your economy in order to block the outflow of capital from it.
Let's take Uber or food delivery as an example:
– There is a platform provider company. (royalties).
- There are service providers. (rewarded with tokens).
– There are external clients. Consumers. (spend).
– We can add NFT there to improve the loyalty program and track on-chain reputation.
It would seem simple things, but the entire bullrun market exploited the tokenomics of the 1st generation cryptogames.
These and several other ideas are described in article about the development of cryptogaming for Incrypted.
In order to effectively find the best business model, it is important to experiment with both approaches and have professionals with both crypto and classical experience in order to balance the idea of NFT exclusivity even in inclusive spaces.
METAVERSE GUILD
The CGP-friendly Metaverse Guild invites scolars to their Play-to-Earn Guild. Although there is no active set now, asap is planned. By the way, the situation is similar in CGP. In the meantime, you can gain reputation in the community. Therefore, we recommend.
Metaverse Guild is a CIS guild created by our friend 1nteam3. Many people know him as the winner of the 14th season in Axie Infinity.
Website: https://metaverseguild.online/
Disc: https://discord.com/invite/5VcAYezNNv
Twitter: https://twitter.com/guild_metaverse
Unentered*
1.Tiffany & Co. presented jewelry with gems in the form of NFTs from the CryptoPunks collection. On 05.08/250, holders will be able to order one of 30 pendants, which will be a copy of their NFT. For a modest XNUMX ETH.
2.In August, Crazy Defense Heroes starts event for owners of TOWER Battle Card NFT
3.Top manager a16z has entered to the directors of OpenSea.
4.Polygon will speak at the Korea Blockchain Week 2022 conference, which will be held from August 7 to 14
5.Diablo Immortal reached 30 million users and earned over $100 million in the first 8 weeks.
6.Research company Technavio declaresthat the metaverse market will reach over $50 billion by 2026.
7.In Aavegotchi appeared 2 new prop nodes: AGIP37 (the ability to choose a new staking pool) and AGIP38 (ending the issuance of wearable BRS). Voting will last 7 days.
8.TAG Heuer joined Gucci and now too takes $APE.
9.Binance launches its first Soulbound $SBT token on the BNB network.
10.Phantom galaxies Launched your government token $ASTRAFER. This is directly related to the future release of the fourth episode.
11.Despite the decline in the IPO market, 2022 promises to be a favorable year for investment in new video games. сообщает Forbes.
12.Tinder cuts Web3 R&D funding due to data uncertainty about how the product should end up looking and what will work and what won't.
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