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GameFi News June 3

WAX blockchain raises $10 million to improve functionality of in-game NFTs

WAX Studios, which created the WAX blockchain network, has raised $10 million in funding. The company will use the money to improve the functionality of in-game NFTs as part of its ongoing push for the GameFi market.

GameFi News June 2

Former OpenSea product manager charged in first-ever NFT insider trading case

The US Attorney’s Office has opened the first-ever insider trading case involving NFTs. Former OpenSea product manager Nathaniel Chastain is named as the main defendant, facing up to 20 years in prison.

GameFi News June 2

Playdex raises $2 million to support its platform for renting in-game NFTs

Based in the Philippines, Playdex is a new marketplace allowing players of P2E titles to rent in-game NFTs. The team has raised $2 million in a seed round with participation from PDAX, iSeed Ventures, and other investors.

GameFi News June 1

Meta Apes becomes first Web3 game on BAS, which allows devs to run their own dedicated chains

Meta Apes, a free-to-play MMO strategy game, has become the first title to launch on the BNB Chain Application Sidechain (BAS). It opens new opportunities for the developers, who claim to mix the benefits of a decentralized economy with the fun of traditional Web2 gaming.

GameFi News June 1

Number of active users of top Ethereum games dropped by 96% since November 2021

Blockchain gaming has been struggling to retain users after an explosive growth that happened last year. As a result, the number of active players of top Ethereum games has collapsed by almost 100%.

GameFi News May 31

Ni no Kuni: Cross Worlds devs cause controversy by adding cryptocurrency and announcing NFTs

Game companies across the globe have been trying to integrate blockchain into their titles for a while. The latest example is MMO Ni no Kuni: Cross Worlds from South Korean developer Netmarble, which has already caused backlash over in-game crypto elements.

GameFi News May 31

Pegaxy to add skill-based gameplay elements amid ongoing struggles to retain audience

Developers of blockchain games have started to look towards adding more traditional entertaining elements to their projects. Mirai Labs recently announced its plans to include skill-based gameplay into its NFT horse racing title Pegaxy, which has been experiencing some issues with retaining players.

GameFi News May 30

Axie Infinity welcomes third-party titles to its ecosystem to boost in-game earnings

Sky Mavis has been working on adding more mini games from third-party teams to Axie Infinity’s ecosystem to increase in-game earnings. This move comes at a time when the SLP price continues to sink.

GameFi News May 30

The Sandbox launches game jam for UGC projects built with Game Maker, prize pool set to be $340k

Pixowl has found a new way to motivate users to create UGC for The Sandbox. The company launched a new game jam, where participants will compete for a prize pool consisting of utility tokens worth a total of $340k.

GameFi News May 27

Games on Polygon, led by Sunflower Land, attracted almost 450k new players over last month

Polygon remains the fastest-growing Ethereum sidechain. Over the last 30 days, games on it have attracted almost 450k new players, with Sunflower Land being the top title.

GameFi News May 26

Kongregate and Immutable X launch $40 million blockchain developer fund consisting of IMX token pool

Web gaming platform Kongregate has partnered with Immutable X to establish a $40 million fund for blockchain games. It consists of a special pool of tokens, which will be granted to developers.

GameFi News May 26

How to start playing blockchain games and what pitfalls await users on their way to making money

Interest in GameFi and blockchain titles is on the rise despite all the issues in the industry. So here is what should be known before getting into this area full of big opportunities and pitfalls.

GameFi News May 25

Spielworks adds multiplayer to Wombat Dungeon Master, letting players form clans with NFT-based membership

Berlin-based studio Spielworks has launched Season 3 of its NFT title Wombat Dungeon Master. The latest update adds multiplayer elements and a clans system to the game.

GameFi News May 25

Report: total trading volume in blockchain gaming reached $6.3 billion in Q1 2022

Blockchain gaming surpassed $6 billion in trading volume in the first quarter of 2022, according to the latest report by Footprint Analytics and DeGame. The study highlights top chains by transactions, as well as analyzes GameFi tokens liquidity and fundraising amounts.

GameFi News May 25

Niantic snaps up SpotX Games to expand into Web3 on its way to building real-world metaverse

SpotX Games, a new Miami-based startup, has officially joined the Niantic family. The team will help the company behind Pokémon Go to strengthen its positions in the area of Web3 gaming, as it plans to build the so-called “real-world metaverse.”

GameFi News May 24

Report: speculation over enjoyment and other emerging problems with blockchain gaming

Blockchain gaming has been rapidly growing for a while, attracting users and investors globally. However, this growing industry still has a lot of issues that need to be solved, including the large amount of speculation and its unsustainability.

GameFi News May 23

Artist making less than $10k per year sells their first NFT pixel art for $43k

NFTs can really change people’s lives, and this time for the better. An artist / indie developer, who has been struggling to earn off their work, has decided to try out the blockchain and sold their first drop for tens of thousands of dollars.

GameFi News May 23

Axie Infinity players see their daily earnings fall 40 times, with SLP flowing around near-zero values

Axie Infinity’s utility currency has been showing almost no growth for a while, flowing around near-zero values. This resulted in players’ daily earnings dropping by 40 times compared to previous highs.

GameFi News May 20

DeFi Land implements play-and-earn elements as its main token continues to sink

DeFi Land, a Solana-based agriculture simulation web game, has added play-to-earn mechanics to its ecosystem. This move is in line with developers’ ambitions to gamify all aspects of decentralized finance.

GameFi News April 12

CCP Games says no to NFTs for EVE Online’s global server but remains ‘intrigued’ by technology

CCP Games has always been rooting for new technologies. However, the company behind EVE Online has no plans to add NFTs to its MMO, which is now approaching its 19th anniversary.

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