Gaming Industry Lost $43.6 Million To Crypto Fraud In 2022, Report Reveals
NFT Games
by Ali Raza
6h ago
The number of Fraudulent schemes for individuals to avoid was already almost endless, but this figure escalated when cryptocurrencies gained widespread adoption. Reports from the Federal Trade Commission (FTC) revealed that over 46,000 individuals reported losing more than $1 billion in cryptocurrency to different frauds between January 2021 to June 2022. This number only comprises individuals who freely divulged this data to authorities. Some Blockchains Were Not Tightly Secured, Making Way For Scams The truth is, consumers lack knowledge about the functionality of cryptocurrency or how to se ..read more
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Boomland Integrates With Immutable zkEVM For Increased Functionality
NFT Games
by Ali Raza
6h ago
Boomlant, the inventive developer of the exciting Hunters on-chain game, is getting ready to transition its project to the Immutable zkEVM platform. Immutable is positioning itself as a top participant in the web3 gaming sector by providing a gas-free and innovative marketplace known as Immutable X. This marketplace has drawn in a wide range of gaming allies. The company just introduced a fully functioning sidechain that creates a new standard for Ethereum-interoperable blockchain gaming. Boomland Aspires To Provide Immersive Gaming Experience This step is not just a technical advancement, but ..read more
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Crypto And NFTs Open Doors For Innovation In Blockchain Gaming
NFT Games
by Ali Raza
6h ago
The gaming industry is witnessing a transformation with the application of non-fungible tokens (NFTs). It has given more developers opportunities to create innovative projects within the gaming and Web3 space. NFTs are seen as a positive addition to the gaming industry because they bring a lot of benefits. They give participants a sense of ownership while providing income opportunities for developers and players. Platforms Use Crypto Assets To Make Them Interoperable NFTs and cryptocurrencies utilize blockchain technology, which makes them interoperable even though there are some dissimilariti ..read more
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Web3 Platform Helika Completes $8 Million Series A Round for Gaming Analytics Platform
NFT Games
by Ali Raza
6h ago
Helika has secured $8 million in a Series A funding round. Pantera Capital led this round with contributions from Sfermion, Diagram Ventures, and Sparkle Ventures. Marc Alloul and Damon Gura also contributed as angel financiers. Helika Aims To Revolutionize Web3 Gaming With Data-Driven Insights The Committee Member of Sparkle Ventures’ Investment and the Co-founder and Executive Chairman, Yat Siu, expressed excitement about partnering with Helika. He highlighted Helika as a leader in Web3 attribution, analytics, and game management partnering with Animoca Brands. The partner at Pantera, Frankl ..read more
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OKX Collaborates With CoinArcade To Improve Blockchain Gaming
NFT Games
by Ali Raza
6h ago
This collaboration aims to enhance the blockchain gaming experience for CoinArcade players CoinArcade players can earn in-game tokens and NFTs and participate in trading activities. However, users from the US cannot open an account with OKX due to compliance and regulatory concerns OKX, a top player in the Web3 space, has announced the incorporation of its dependable wallet app with CoinArcade, an innovative GameFi platform. Through this partnership, CoinArcade’s players can connect seamlessly with the world of blockchain gaming where they can earn in-game tokens and NFTs, battle, and trade. O ..read more
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Overworld Secures $10 Million From Latest Seed Funding Backed By Xterio
NFT Games
by Ali Raza
6h ago
Gaming studio Overworld has announced its latest seed round of funding, receiving a significant $10 million from investors. This funding round was led by Hashed, Galaxy Interactive, Sanctor Capital, and The Spartan Group. Other firms like Big Brain Holdings, Foresight Ventures, and Hashkey also contributed to the funding. For more than a year, Overworld has been in continuous development. Xterio Is Set To Support Overworld Throughout Its Growing Stage The Xterio ecosystem is dedicated to supporting the project throughout its development stage. The ecosystem aims to utilize digital ownership to ..read more
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Stardust Launch Sui To Improve Web3 Gaming Experience
NFT Games
by Ali Raza
6h ago
Stardust, a major firm in web3 gaming, has revealed its latest addition of Sui. The firm wants to enhance the web3 ecosystem through a collaboration with Mysten Labs, a web3 infrastructure firm. Sui is a unique Layer 1 blockchain that is secure, fast, private, and available to everyone. The latest integration will enable game developers to effortlessly unveil their projects in the Sui space. By this process, new games and capabilities will be added to the network. This will significantly improve the total user experience. Stardust Set To Develop Web3 Games To Reach A Significant Milestone Star ..read more
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Moonland Web3 Game Targets 100 Million Daily Players As It Prepares For March Launch
NFT Games
by Ali Raza
6h ago
Web3 game Moonland has announced plans to launch a test-to-earn (T2E) campaign next month as it wants to integrate mobile apps into blockchain games. Some of the factors leading to the surge in the gaming industry include a deeper understanding of Web3 gaming amongst the general public, the launch of new tokens, and the anticipation of more commercial releases from beta versions. Moonland wants to take advantage of the surge in Web3 gaming to create a more immersive gaming experience for users. Moonland Plans To Increase Daily Active Gamers Dat from dappradar.com reveals that there was a decre ..read more
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Legends Of Elysium Breaks New Grounds In Gaming Through NFTs And Blockchain
NFT Games
by Ali Raza
6h ago
In a period where the integration of blockchain technology and entertainment is becoming more popular, Wemade has made a substantial move forward by introducing ‘Legends of Elysium’ (LOE). Legends of Elysium is a ground-breaking game created through the partnership between Prime Bit Games and DA GAMES SRL. The game is set to transform the gaming universe by merging NFT technology and conventional card game elements. The game’s Guild Wars feature and distinctive Stake & Borrow mechanism provide tactical dept and Genuine ownership of digital assets. Players Can Earn Rewards By Staking NFTs ..read more
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Ultiverse Sees $150 Million Valuation After $4 Million Tokens Sales
NFT Games
by Ali Raza
6h ago
Ultiverse is a gaming platform that utilizes AI to fuel various gaming experiences. The platform has secured a $4 million exclusive token sale spearheaded by IDG Capital. Top Web3 investment companies like Taiko, Jacob Ko, DWF Ventures, Manta Network, ZetaChain, MorningStar Ventures, Polygon Ventures, and Animoca Brands all participated in the fundraising. According to the announcement last week, the most recent funding round increased the capital raised to $13.5 million, taking the company’s valuation to $150 million. The Funding Will Speed Up Ultiverse’s Objective The Chief Executive Officer ..read more
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