All articles tagged with #web3 gaming
John Smedley's studio, Distinct Possibility Studios, has raised $30.5 million to develop 'Reaper Actual,' a AAA MMOFPS game built on Etherlink blockchain, aiming to integrate tradeable Web3 assets and support traditional gamers with a focus on community and energy-efficient protocols.
Bitcoin's price dropped over 8% to under $62,000, marking the biggest single-day percentage decline since November 2022, attributed to outflows from U.S.-listed spot exchange-traded funds (ETFs). Web3 gaming developer platform Immutable and venture capital company King River Capital have formed a $100 million "Inevitable Games Fund" to target high-growth opportunities in Web3 gaming. Investment management giant BlackRock has created a fund called the BlackRock USD Institutional Digital Liquidity Fund in partnership with asset tokenization firm Securitize, potentially related to the tokenization of real-world assets.
The number of Solana blockchain-enabled games on the Epic Games Store has grown significantly, with at least 78 games listed as of November. Solana is the fourth most popular blockchain network for game developers and the top non-EVM chain. Some notable games include Star Atlas, a sci-fi MMORPG, Aurory, a fantasy RPG, Yaku, a social metaverse game, Chain Crisis, a cyberpunk shooter, and Angelic: Dark Symphony, a sci-fi RPG. These games utilize Solana for tokens, NFTs, and other blockchain elements.
Blockchain-based game Illuvium is set to reach a wider audience as it prepares to launch on the Epic Games Store, joining popular titles like Fortnite. Illuvium has evolved to meet the legal and compatibility requirements of the platform, offering three different game genres within its universe. The game aims to attract a mainstream audience by removing the need for wallets and offering a free-to-play experience. The slow adoption of blockchain games by non-Web3 native gamers is attributed to the barrier to entry and the perception of pay-to-win mechanics. Illuvium's listing on the Epic Games Store is seen as a significant milestone for the blockchain gaming industry.
MetalCore is an online shooter that combines the open world of Destiny with the mech combat of Titanfall, featuring an NFT twist that allows players to own their vehicles and infantry characters. The game's prologue showcases impressive graphics and appealing mech gameplay, although the infantry gunplay feels underwhelming in comparison. The Alpha 3 playtest reveals some issues with difficulty spikes and lack of clear direction, but these can potentially be addressed through balance tweaks and clearer in-game instructions. With further polish and refinement, MetalCore has the potential to be a leading game in the Web3 gaming space.
Line Next, a division of Line, has partnered with Sega to develop a Web3 game for the blockchain gaming platform Game Dosi. Under the agreement, Line Next will receive a license to utilize one of Sega's popular game IPs and transform it into a Web3 game, supporting NFT production, digital payments, and marketing activities. Sega has decided to rely on third parties like Line Next for Web3 game development, while continuing to invest in the space. The details of the game will be revealed at a later date.
Bitcoin dropped below $29K due to a sobering U.K. inflation report and a massive sell order on Binance. Ether fell around 7.1% to trade at around $1,945. Web3 gaming lacks a good game despite commanding billions in market share, and Square Enix recently unveiled a trailer for its first Web3 game, which received negative feedback from fans. The traditional gaming world has tentpole franchises that haven’t made in revenue over their lifespan what some Web3 games are worth.