The Latest News and Updates on Crypto Gaming: Dec 18, 2023
Crypto gaming is one of the most dynamic and innovative sectors of the blockchain industry. It merges the entertainment and excitement of gaming with the potential and rewards of crypto. In this article, we’ll share with you the latest news and updates from the crypto gaming world.
Polemos Co-Founder Envisions a Future Where Gamers Rent Out Their In-Game NFTs for Crypto
Polemos is a Web3 game studio that creates immersive and interactive metaverse experiences. The co-founder of Polemos, Richard McLaren, foresees a future where gamers and developers can rent out their in-game NFTs for crypto. He said that this would create a new economy where gamers can earn from their skills and assets, and developers can generate passive income from their creations. McLaren also said that Polemos is working on a platform that will enable this kind of NFT rental marketplace, where users can easily list, browse, and rent NFTs across different games and metaverse.
Immutable’s zkEVM to Eliminate Gas Fees for Web3 Gaming
Immutable is a blockchain protocol that allows game developers to build scalable and secure Web3 games without gas fees. Immutable uses zero-knowledge proofs (ZKPs) to verify transactions on its layer-2 network, which is compatible with Ethereum’s virtual machine (EVM). This means that users can enjoy the benefits of Ethereum’s security and interoperability, while avoiding the high costs and congestion of its mainnet. Immutable’s co-founder, Robbie Ferguson, said that Immutable’s zkEVM will enable the game studio to cut out gas fees for users, which are widely cited as a significant barrier to Web3 gaming adoption. He also said that Immutable’s zkEVM will power some of the most popular Web3 games, such as Gods Unchained, Guild of Guardians, and Illuvium.
40% of Crypto Game Devs Expect Trad Gaming to Adopt Web3 in 2024
According to a survey conducted by Crypto Games Conference, a leading event for the crypto gaming industry, 40% of crypto game developers expect traditional game studios to adopt Web3 technology in 2024. The survey also revealed that 35% of crypto game developers plan to launch their own tokens or NFTs in 2024, and 25% aim to integrate with existing metaverses or platforms. The survey also showed that the most popular genres for crypto games are RPG, strategy, and card games, and the most preferred blockchain platforms are Ethereum, Binance Smart Chain, and Solana.
How the Crypto Bull Run Can Boost Web3 Gaming Beyond Play-to-Earn
Web3 gaming has remained resilient during the bear season, as more players are attracted by the play-to-earn model, where they can earn cryptocurrency through participation. However, the anticipated bull run in 2024 could have a positive impact on Web3 gaming beyond play-to-earn, according to Erhan Kahraman, a blockchain gaming expert and consultant. He said that the bull run could increase the demand and value of in-game NFTs, as well as the funding and innovation for Web3 game development. He also said that the bull run could attract more mainstream gamers and developers to the Web3 gaming space, as they see the potential and opportunities of blockchain technology.
Oasys Partners with AltLayer to Simplify Metaverse Deployment
Oasys is a metaverse platform that allows users to create, explore, and socialise in virtual worlds. Oasys has partnered with AltLayer, a rollup platform that enables fast and cheap transactions on Ethereum. Oasys Director Daiki Moriyama told Cointelegraph that the partnership allows smaller game developers to have an easier time deploying their games on the network, as they can avoid the high gas fees and complexity of Ethereum’s mainnet. He also said that Oasys and AltLayer share a vision of creating a decentralised and open metaverse, where users can own and control their digital identities and assets.
Immutable Integrates Transak to Expand Web3 Gaming Payment Options
Immutable has integrated Transak’s functionality into its zkEVM gaming development infrastructure, powering in-game cryptocurrency and fiat payment methods. Transak is a global fiat-to-crypto payment gateway that supports over 300 payment methods and 60 fiat currencies. Transak’s co-founder and CEO, Sami Start, said that the integration will enable Web3 game developers to onboard more users and increase their revenue, as they can offer a seamless and user-friendly payment experience. He also said that Transak and Immutable are both committed to making Web3 gaming more accessible and mainstream, by removing the friction and barriers of entry.
NFT Trading Volume Nears $1B as Markets Turn Bullish: Report
According to a report by DappRadar, a leading analytics platform for decentralised applications, the trading volume of NFTs reached $976 million in November, showing an increase of 34% from October. The report also stated that the average value of NFT transactions climbed from $126 to $270, showing an increase of 114% in November. The report attributed the growth of the NFT market to the bullish sentiment of the crypto market, as well as the rising popularity and diversity of NFT projects. The report also highlighted some of the most successful NFT categories, such as gaming, art, sports, and metaverses.
Game Studios Quietly Integrate Blockchain Without the Buzzword
Some game studios are integrating blockchain technology into their games without explicitly using the term “blockchain” or “crypto”. This is a strategy to avoid the negative connotations or confusion that these terms may cause among some gamers or regulators. For example, Ubisoft, one of the largest game publishers in the world, has launched a new game called Quartz, which allows players to collect and trade digital items that are secured by the Tezos blockchain. However, Ubisoft does not mention blockchain or crypto in its marketing materials, and instead uses the term “proof-of-ownership” to describe the technology. Similarly, other game studios, such as Animoca Brands, Mythical Games, and Gala Games, are also adopting a subtle approach to blockchain integration, focusing on the benefits and features of the technology rather than the buzzwords.
