Crypto Updates

Blockchain Play-And-Earn Games Continue to Grow

The Lumikai Latest: Decoding the use cases for Blockchain Gaming | by  Lumikai | Medium

Monthly volumes suggest a decrease in NFT worths, however blockchain video gaming jobs are neglecting the dip by updating their play-and-earn mechanics.

From January 1 till mid-February, non-fungible tokens (NFTs) saw a robust bull run. Throughout this time, OpenSea volume went beyond $5 billion prior to being up to $3.6 billion by the end of February. This might be an indication that the total belief in the crypto and NFT markets is remedying.

As the 2nd quarter ends, general volumes and sales of NFTs have actually reduced, leaving brand-new entrants and financiers questioning if the sector is passing away. According to DappRadar stats, OpenSea’s trade volume has actually decreased by about 11% in the recently. Overall volume on the Marketplace has actually continued to drop, with the number of users dropping by 13% in the last 30 days. The NFT neighborhood appears to have actually recognized that it has actually tired its alternatives for blue-chip derivatives. Therefore, financiers are searching for more sustainable and less speculative positions.

Despite this state of the marketplace, Blockchain play-and-earn video games are continuously developing. Here are some examples.

Guild of Guardians

According to Immutable X, the business is close to a $200 million fundraising round. Because of this news, a “considerable quantity” of its cash will be directed towards continuous tasks, consisting of the Guild of Guardians.

Immutable grew from a blockchain-based esports business into a designer of a scalable platform for trading NFTs. Immutable X, a platform for NFTs on the ethereum blockchain network, has adopters consisting of GameStop, TikTok, and Opensea https://t.co/4xElCHkIYO

— Forbes (@Forbes) March 8, 2022

The Guild of Guardians will put the freshly raised funds into marketing and scaling methods for the video game and neighborhood. The brand-new financing ought to guarantee the job’s long-lasting sustainability through the bearish market. It will assist with the job’s enthusiastic objective of hiring 200 individuals in the next 12 months.

CyberKongz

The NFT CyberKong Collection started as a common PFP on the Ethereum network. It continues to run as such, however it has actually now relocated to the Polygon network due to its Play and Collect gamification function.

While there have actually been some little hold-ups, the group is actively preparing the neighborhood for a soft launch with a bridge to Polygon Networks. CyberKong has actually just recently revealed the combination of its Verifiable Random Acts (VRF) in the Play and Collect community with the decentralized oracle network Chainlink.

@CyberKongz Integrates @chainlink VRF to Randomize In-Game Features on @ 0xPolygon

#CyberKongz now has access to a tamper-proof & & auditable source of randomness to support randomized in-game functions in their approaching experience video game.

More information: https://t.co/PhuPaVo6N1 pic.twitter.com/bU7VflEYsC

— Polygon Daily (@PolygonDaily) March 8, 2022

Galaxy Fight Club

In its newest upgrade, P2E video game Galaxy Fight Club developed a handle Vaynerchuk Sports and Gary V’s sibling, AJ Vaynerchuk. They will supply the video game to Ultimate Fighting Championship rivals (UFC).

The Lumikai Latest: Decoding the use cases for Blockchain Gaming | by  Lumikai | Medium

Monthly volumes suggest a decrease in NFT worths, however blockchain video gaming jobs are neglecting the dip by updating their play-and-earn mechanics.

From January 1 till mid-February, non-fungible tokens (NFTs) saw a robust bull run. Throughout this time, OpenSea volume went beyond $5 billion prior to being up to $3.6 billion by the end of February. This might be an indication that the total belief in the crypto and NFT markets is remedying.

As the 2nd quarter ends, general volumes and sales of NFTs have actually reduced, leaving brand-new entrants and financiers questioning if the sector is passing away. According to DappRadar stats, OpenSea’s trade volume has actually decreased by about 11% in the recently. Overall volume on the Marketplace has actually continued to drop, with the number of users dropping by 13% in the last 30 days. The NFT neighborhood appears to have actually recognized that it has actually tired its alternatives for blue-chip derivatives. Therefore, financiers are searching for more sustainable and less speculative positions.

Despite this state of the marketplace, Blockchain play-and-earn video games are continuously developing. Here are some examples.

Guild of Guardians

According to Immutable X, the business is close to a $200 million fundraising round. Because of this news, a “considerable quantity” of its cash will be directed towards continuous tasks, consisting of the Guild of Guardians.

Immutable grew from a blockchain-based esports business into a designer of a scalable platform for trading NFTs. Immutable X, a platform for NFTs on the ethereum blockchain network, has adopters consisting of GameStop, TikTok, and Opensea https://t.co/4xElCHkIYO

— Forbes (@Forbes) March 8, 2022

The Guild of Guardians will put the freshly raised funds into marketing and scaling methods for the video game and neighborhood. The brand-new financing ought to guarantee the job’s long-lasting sustainability through the bearish market. It will assist with the job’s enthusiastic objective of hiring 200 individuals in the next 12 months.

CyberKongz

The NFT CyberKong Collection started as a common PFP on the Ethereum network. It continues to run as such, however it has actually now relocated to the Polygon network due to its Play and Collect gamification function.

While there have actually been some little hold-ups, the group is actively preparing the neighborhood for a soft launch with a bridge to Polygon Networks. CyberKong has actually just recently revealed the combination of its Verifiable Random Acts (VRF) in the Play and Collect community with the decentralized oracle network Chainlink.

@CyberKongz Integrates @chainlink VRF to Randomize In-Game Features on @ 0xPolygon

#CyberKongz now has access to a tamper-proof & & auditable source of randomness to support randomized in-game functions in their approaching experience video game.

More information: https://t.co/PhuPaVo6N1 pic.twitter.com/bU7VflEYsC

— Polygon Daily (@PolygonDaily) March 8, 2022

Galaxy Fight Club

In its newest upgrade, P2E video game Galaxy Fight Club developed a handle Vaynerchuk Sports and Gary V’s sibling, AJ Vaynerchuk. They will supply the video game to Ultimate Fighting Championship rivals (UFC).

We are thrilled to reveal that we are dealing with @vaynersports and @ajv to bring more direct exposure to Galaxy Fight Club! ⚔

⚔ Involving professional athletes throughout UFC/ MMA
⚔ Collaborating on our cross-IP Open Championship Tournament
⚔ More intriguing efforts!

Stay tuned

— Galaxy Fight Club (⚔) (@GalaxyFight_NFT) March 11, 2022

The group has actually included extra functions to the beta variation and anticipates to consist of play-to-earn mechanics within the next 2 weeks. Gamers should have Genesis Galaxy Fighters to make GCOINs in the video game.

NFT Market Correction

NFTs had a cumulative market capitalization of $23 billion recently, going beyond CarMax and Take-Two Interactive Software. According to CoinMarketCap, it is now worth little bit more than $10 billion. The decline seems the outcome of a variety of aspects consisting of:

  • inflation
  • the Ukrainian war
  • higher regulative analysis of NFTs

Bullish patterns were on speed till2022 According to Dune Analytics, the NFT (non-fungible token) market OpenSea had a record single-day trading volume of $261 million in ETH in January. The platform likewise has 546,000 active users, which is a record high.

In February, the multibillion-dollar market deviated. Over the last month, OpenSea’s trading and deal volumes fell by 36.9 percent and 14.49 percent, respectively. According to DappRadar, NFTs created over $4 billion in sales in February, a 28 percent reduction from January. Last month’s trading volumes, on the other hand, were higher than in November and December.

Galaxy Fight Club - Galaxy Fight Club

We are thrilled to reveal that we are dealing with @vaynersports and @ajv to bring more direct exposure to Galaxy Fight Club! ⚔

⚔ Involving professional athletes throughout UFC/ MMA
⚔ Collaborating on our cross-IP Open Championship Tournament
⚔ More intriguing efforts!

Stay tuned

— Galaxy Fight Club (⚔) (@GalaxyFight_NFT) March 11, 2022

The group has actually included extra functions to the beta variation and anticipates to consist of play-to-earn mechanics within the next 2 weeks. Gamers should have Genesis Galaxy Fighters to make GCOINs in the video game.

NFT Market Correction

NFTs had a cumulative market capitalization of $23 billion recently, going beyond CarMax and Take-Two Interactive Software. According to CoinMarketCap, it is now worth little bit more than $10 billion. The decline seems the outcome of a variety of aspects consisting of:

  • inflation
  • the Ukrainian war
  • higher regulative analysis of NFTs

Bullish patterns were on speed till2022 According to Dune Analytics, the NFT (non-fungible token) market OpenSea had a record single-day trading volume of $261 million in ETH in January. The platform likewise has 546,000 active users, which is a record high.

In February, the multibillion-dollar market deviated. Over the last month, OpenSea’s trading and deal volumes fell by 36.9 percent and 14.49 percent, respectively. According to DappRadar, NFTs created over $4 billion in sales in February, a 28 percent reduction from January. Last month’s trading volumes, on the other hand, were higher than in November and December.

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