Axie Infinity

Despite a bearish start in the Axie Infinity (AXS) in the early hours, bulls recovered after establishing support at the intra-day low of $6.83. Consequently, the AXS price rose to a 30-day high of $7.44 before falling slightly. However, as of press time, AXS was still trading at $7.26, a 3.79% increase from the intraday […]
The post AXS Bull Rally Hits 30-Day High, Indicators Hint a Reversal appeared first on Coin Edition.

AXS Bull Rally Hits 30-Day High, Indicators Hint a Reversal

Investors are looking at Axie Infinity (AXS), Gala (GALA), and Enjin Coin (ENJ) and whether it can outpace Galaxy Fox (GFOX)

Institutions can consider these tokens; can they outpace GFOX

Web3 gaming represents a revolutionary intersection of blockchain technology and interactive entertainment, heralding a new era in the gaming industry. This article serves as your comprehensive guide to understanding the intricacies of Web3 gaming, providing insights into the top web3 games and web3 gaming companies that are leading this digital transformation. Whether you’re a seasoned gamer curious about the transition from traditional to Web3 gaming, or a crypto enthusiast eager to understand the synergy between gaming and blockchain, this guide has you covered. We’ll introduce you to the best web3 games that are redefining player experience and discuss the innovative mechanics that set these games apart. Additionally, our curated list of top Web3 games will serve as a valuable resource for enthusiasts and gamers alike. What Is Web3 Gaming? Web3 gaming, at its core, is an innovative fusion of traditional gaming elements with the decentralized, secure, and transparent features of blockchain technology. Unlike traditional gaming, where the game’s data and assets are centrally controlled, Web3 gaming introduces a decentralized approach. This paradigm shift allows players to have true ownership of in-game assets, such as skins, characters, and virtual real estate, in the form of Non-Fungible Tokens (NFTs). This ownership is verifiable and transferable across different platforms, thanks to the underlying blockchain technology. The integration of cryptocurrencies in Web3 gaming also introduces novel monetization models, including Play to Earn (P2E). In these models, players can potentially earn cryptocurrency rewards for their in-game achievements and participation, adding a layer of financial incentive that goes beyond traditional gaming experiences. Another hallmark of Web3 gaming is the emphasis on decentralized autonomous organizations (DAOs). These player-driven governance structures enable a more democratic and transparent way of making decisions about the game’s future, including updates and rule changes. This level of player involvement is unprecedented in traditional gaming paradigms. The Rise of Web3 Games The rise of Web3 games can be traced back to the increasing interest in blockchain technology and the success of early blockchain-based games like “CryptoKitties,” which demonstrated the potential for integrating blockchain with gaming. This success sparked a wave of innovation, leading to more sophisticated and engaging Web3 games. Web3 games have gradually evolved to offer complex gameplay and rich narratives, rivaling their traditional counterparts. This evolution is driven by advancements in blockchain technology, enabling faster transaction speeds, improved scalability, and enhanced user experience. As a result, these games have started to attract not just blockchain enthusiasts but also mainstream gamers. The rise is also fueled by the increasing awareness and acceptance of cryptocurrencies and NFTs among the general public. As people become more comfortable with these concepts, the barrier to entering Web3 gaming diminishes, leading to a broader and more diverse player base. Another factor contributing to the rise of Web3 games is the growing interest from traditional gaming studios and developers in exploring blockchain technology. This interest is leading to partnerships, investments, and development efforts aimed at creating hybrid models that blend the best of both worlds – the immersive experiences of traditional gaming with the innovative features of Web3. The rise of Web3 games marks a significant shift in how we perceive and interact with digital content. It represents not just a new form of entertainment but also a new economy where players have a real stake and say in the gaming worlds they inhabit. Top Web3 Games List The landscape of Web3 games is rich and varied, offering a multitude of experiences that cater to different tastes and interests. These games are not just technologically advanced but also creatively diverse, ranging from simple collectibles and strategy games to complex virtual worlds with rich narratives. In this segment, we explore some of the best Web3 games that have captivated players worldwide. Overview Of The Best Web3 Games To understand what makes a Web3 game stand out, it’s essential to look at the best examples in the market: Axie Infinity: Often likened to Pokémon, this game allows players to collect, breed, and battle creatures called Axies. What sets it apart is its robust economy, where players can earn cryptocurrency through skilled gameplay and contributions to the ecosystem. Decentraland: More than just a game, Decentraland is a virtual world where players can buy, develop, and trade land and assets, all verified on the Ethereum blockchain. It’s a prime example of a virtual economy where players have true ownership and control over their digital assets. The Sandbox: This is a community-driven platform where players can create, own, and monetize their gaming experiences. The use of NFTs and the game’s native cryptocurrency, SAND, allows for a unique player-driven economy. CryptoKitties: As one of the earliest introductions of NFTs to the mainstream, CryptoKitties allows players to buy, collect, breed, and sell virtual cats. Its simplicity and novelty factor have made it a staple in the discussion of NFT-based games. Sorare: Merging the world of fantasy sports with blockchain, Sorare lets players collect, trade, and play with officially licensed digital cards of soccer players. It’s an excellent example of how real-world sports can intersect with Web3 gaming. Illuvium: An open-world RPG game built on the Ethereum blockchain, Illuvium offers a visually stunning experience with a decentralized governance model, allowing players to participate in the game’s decision-making process. Gods Unchained: A strategic trading card game that empowers players by offering real ownership of their cards. It combines traditional card game strategies with the unique benefits of blockchain technology. Aavegotchi: This game blends elements of DeFi (decentralized finance) with NFT collectibles. Players can stake tokens on their Aavegotchis, enhancing their attributes and increasing their value. Popular Web3 Game Mechs (Mechanics) The mechanics of Web3 games are what distinguish them from traditional gaming, introducing new layers of engagement and interaction. Here are some of the most popular mechanics found in Web3 games: True Digital Ownership: Players have real ownership of their in-game assets, thanks to blockchain technology. These assets, often NFTs, can be bought, sold, or traded on various marketplaces, providing players with tangible value for their in-game achievements. Play to Earn (P2E): This model allows players to earn real-world value, often in the form of cryptocurrencies, for their in-game activities. P2E mechanics have revolutionized the gaming industry by providing financial incentives for gameplay. Decentralized Autonomous Organizations (DAOs): Many Web3 games use DAOs for governance, allowing players to vote on key decisions regarding game updates, rules, and future development. This fosters a sense of community and gives players a stake in the game’s direction. Interoperability: Unlike traditional games, where assets are confined to the game they were created for, Web3 games often allow for asset interoperability across multiple games and platforms, enhancing the utility and value of in-game assets. Tokenization: In-game currencies are often tokenized as cryptocurrencies. This not only enables easy transactions within and outside the game but also integrates with the broader DeFi ecosystem, opening up new financial opportunities for players. Provable Scarcity And Rarity: Blockchain enables the creation of items with provable scarcity and unique attributes, increasing their collectability and value. Smart Contract Functionality: These self-executing contracts with the terms of the agreement directly written into code govern transactions within Web3 games, ensuring fairness and transparency. Web3 Gaming Companies And Crypto The surge in Web3 gaming has given rise to a new breed of gaming companies that are at the forefront of blending blockchain technology with interactive entertainment. These companies are not only game developers but innovators who are reshaping the gaming landscape with their unique approaches to decentralized gaming and cryptocurrency integration. Leading Web3 Gaming Companies Here are some of the leading companies that are making significant strides in the Web3 gaming space: Sky Mavis: The creators of ‘Axie Infinity,’ Sky Mavis, have established themselves as a powerhouse in the Web3 gaming world. Their innovative approach to Play to Earn gaming and NFT integration has set new standards in the industry. Animoca Brands: Known for backing ‘The Sandbox’ and other blockchain ventures, Animoca Brands is a key player in the space, with a vision to drive digital property rights via NFTs and build an open metaverse. Dapper Labs: The company behind ‘CryptoKitties’ and the Flow blockchain, Dapper Labs, has been instrumental in bringing blockchain to the mainstream through their engaging and accessible games. Sorare: As the minds behind the popular fantasy football game that uses blockchain, Sorare has carved a niche in combining sports with Web3 gaming, creating a unique and compelling experience. Decentral Games: Operating in the virtual world of Decentraland, Decentral Games is pioneering in the realm of decentralized virtual casinos and gaming experiences, blending entertainment with player-owned economies. Mythical Games: With their focus on building games where players are part-owners and stakeholders, Mythical Games is pushing the boundaries of how games are played, shared, and monetized. Enjin: Known for creating an ecosystem for NFTs that can be used across various games, Enjin is a significant contributor to the concept of a multiverse where assets are interoperable across different gaming platforms. The Role Of Crypto In Web3 Gaming Cryptocurrency plays a pivotal role in the ecosystem of Web3 gaming, fundamentally altering how value is created, distributed, and exchanged within games. Here are key ways in which crypto is integral to Web3 gaming: Facilitating In-Game Transactions: Cryptocurrencies provide a seamless medium for transactions within Web3 games. Whether it’s purchasing items, trading assets, or paying for services, crypto ensures fast, secure, and borderless transactions. Enabling True Digital Ownership: Through the use of crypto wallets, players have real ownership of their in-game assets. This not only adds a layer of security but also allows players to have control over their assets outside the game environment. Play To Earn (P2E) Model: This innovative model rewards players with cryptocurrency for gameplay and achievements. It’s a significant shift from traditional gaming models, offering players not just entertainment but also a potential source of income. Governance And Voting: In many Web3 games, players use cryptocurrencies as governance tokens, allowing them to participate in the decision-making process for the game’s development and updates. Staking And Yield Farming: Some Web3 games incorporate elements of DeFi, allowing players to stake their crypto tokens to earn rewards or to enhance their in-game assets and abilities. Creating A Decentralized Economy: Cryptocurrencies are central to creating a player-driven economy within games, where the value is determined by the community and market dynamics, rather than by the game developers alone. Web3 Game Developers: Pioneers of the Industry Web3 game developers are at the cutting edge of integrating blockchain technology with gaming. The latest report by Footprint Analytics for October 2023 reveals a landscape of both opportunities and challenges. Despite a significant growth in token market capitalization, developers face hurdles in user acquisition and retention. With 73.1% of games having fewer than 10 active users, it’s clear that while the industry is expanding, with a total of 2,651 games, attracting and keeping players engaged remains a key challenge. Notably, the web3 game development landscape is geographically diverse, with the Asia-Pacific region leading the charge, hosting 40% of Web3 game developers. Notably, the United States remains a significant market, accounting for 30% of Web3 game development teams. South Korea has also emerged as a key player, contributing 27% to the Web3 gaming teams, nearly doubling its involvement from the previous year​. Upcoming Web3 Games To Watch The Footprint Analytics report highlights an interesting development with the upcoming release of “Gas Hero” by Find Satoshi Lab, known for their successful game “StepN.” Set for a community beta in late 2023, “Gas Hero” is an MMO set in a sci-fi world, distinct from “StepN’s” focus on physical activity. It’s expected to bring a fresh narrative and immersive experience to the Web3 gaming space, using Polygon blockchain and leveraging GMT tokens. Trends, Data, And Predictions For Web3 Gaming The Footprint Analytics report underscores a crucial trend in the Web3 gaming industry: while the number of games is increasing, active user growth is lagging, with only a small proportion of games having more than 1,000 monthly active users. This suggests a “false boom,” raising questions about the industry’s sustainability. Despite these challenges, the industry sees promising developments. For instance, Sega’s co-COO Shuji Utsumi expressed optimism about blockchain gaming and NFTs, marking a shift in attitude from traditional gaming giants. Furthermore, the dominance of blockchains like BNB, Ethereum, and Polygon in hosting Web3 games is evident, with new partnerships, such as Immutable’s collaboration with Amazon Web Services (AWS), aiming to provide infrastructure solutions for Web3 gaming. The market capitalization of Web3 gaming tokens has seen a notable increase in October 2023, aligning with Bitcoin’s surge. Standout projects like Axie Infinity have shown resilience and growth, suggesting that despite the broader market conditions, there is potential for success in the Web3 gaming sector. Still Early, But A Nascent Industry Moreover, the Web3 gaming sector has seen significant investments, with a reported $19 billion funneled into related projects since 2018. Despite a market correction in 2022, investment in Web3 gaming stabilized in 2023, maintaining pre-bull market levels. Notably, sports, MMOs, RPGs, and action game genres have attracted the most funding​​. The majority of the Web3 gaming ecosystem comprises indie-level and midsize projects, with high-budget AA & AAA titles being relatively scarce. RPG, action, strategy, and casual games dominate the genre spectrum. Interestingly, most Web3 games are free-to-play, but a significant portion requires players to hold specific NFTs to access the game​​. Furthermore, blockchain networks targeting the gaming sector are expanding despite market challenges. In 2023 alone, the announcement of over 81 new blockchain networks focusing on gaming indicated a 40% year-over-year growth. Developers primarily build the majority of web3 games on general-use L1 networks like Ethereum. However, there’s a rising interest in L2 and L3 solutions, particularly in Optimism’s L2/L3 networks. The Play To Earn Model In Web3 Gaming The Play to Earn (P2E) model is a revolutionary concept in Web3 gaming that intertwines gaming achievements with real-world economic incentives. This model not only enhances player engagement but also creates a new avenue for income generation through gaming. Understanding Web3 Play To Earn Games Play to Earn games in the Web3 space enable players to earn digital assets or cryptocurrencies as rewards for gameplay and achievements. These rewards often come in the form of NFTs or native game tokens. The P2E model capitalizes on blockchain technology to authenticate and secure these transactions, ensuring transparent and fair distribution of rewards. This model has opened up new opportunities for players, particularly in regions with limited access to traditional financial systems, by providing a platform where their gaming skills and strategies can translate into tangible economic benefits. Popular Play To Earn Web3 Games Several games have successfully implemented the P2E model, gaining popularity and a dedicated player base. Notable examples include: Axie Infinity: In its vibrant ecosystem with engaging gameplay, players breed, raise, and battle fantasy creatures called Axies, earning tokens that they can trade or sell. Decentraland: Players can create and monetize content and applications in this virtual world, earning cryptocurrency for their creations and land transactions. The Sandbox: This user-generated content platform allows players to create, own, and monetize gaming experiences using SAND, the platform’s native token. Alien Worlds: An NFT DeFi metaverse where players can mine and battle for Trilium (TLM), the native token, and collect unique NFTs. Splinterlands: A digital collectible card game where players earn rewards based on their gameplay and the rarity of the cards they collect. These games have popularized the Play-to-Earn (P2E) model and demonstrated its creative integration into various gaming genres and platforms. They offer varied and engaging experiences to players while providing economic incentives. Web3 Gaming News To get the latest updates in the world of Web3 gaming, readers should visit NewsBTC.com and Bitcoinist.com. Additionally, both websites provide up-to-date news, covering the latest developments, trends, and insights in the Web3 gaming sector. Frequently Asked Questions (FAQ) What Is Web3 Gaming? Web3 gaming refers to a new generation of games that integrate blockchain technology, offering decentralized gameplay, true digital ownership of in-game assets, and often incorporating Play to Earn models. What Are The Top Web3 Games? Top Web3 games include Axie Infinity, Decentraland, The Sandbox, Illuvium, and Big Time, each known for unique gameplay and blockchain integration. What Are The Best Web3 Games? The best Web3 games are subjective but popular choices are Axie Infinity, Decentraland, and The Sandbox, recognized for their engaging content and robust player communities. What Are The Most Successful Web3 Gaming Companies? Leading Web3 gaming companies include Sky Mavis (Axie Infinity), Animoca Brands (The Sandbox), and Dapper Labs (CryptoKitties). What Is Web3 Gaming Crypto? Web3 gaming crypto refers to cryptocurrencies used within Web3 games for transactions, rewards, and governance, such as AXS in Axie Infinity or SAND in The Sandbox. What Are Web3 Games? Web3 games, built on blockchain technology, feature elements like cryptocurrency integration, NFT-based assets, and decentralized governance. What Are The Latest Web3 Gaming News? You can find the latest news on websites like NewsBTC.com and Bitcoinist.com, which cover new game launches, market trends, and industry developments. What Are The Most Popular Web3 Play to Earn Games? Popular Play to Earn games include Axie Infinity, Decentraland, and The Sandbox, where players can earn cryptocurrency or NFTs through gameplay. Featured image from Unsplash / Fredrick Tendong

What Is Web3 Gaming? Top Web3 Games And Crypto Companies


                    
                    The “failed” blockchain games are those that have seen their 14-day moving average number of active users down more than 99% from its peak.
                    More than three-quarters of all blockchain games launched in the last five years are dead in the water, according to a recent study from CoinGecko.Out of 2,817 games launched between 2018 and 2023, which were included in the study, only 690 of them still have a somewhat active player base. CoinGecko defines a “failed” Web3 game as one where the 14-day moving average number of active users drops 99% or more from its peak.More than 75% of Web3 games have failed over the last five years. Source: CoinGeckoWhile 2021 saw the highest number of blockchain games launched in a single year with 738 games, the following year — marred by major crypto collapses, saw the highest number of games to fizzle out, with 742 failing in a single year.This puts the average failure rate of Web3 games at around 80% for any given year since 2018, according to CoinGecko. CoinGecko noted that years of lower failure tended to coincide with the back of bull markets, while higher failure years came toward the start of bear market cycles. Related: Free-to-play Web3 games hold the key to mass adoption — YGG co-founderCryptoKitties was one of the first Web3 games that gathered hype in late 2017, but its adoption has since fizzled out. Decentraland, The Sandbox and Axie Infinity are among other Web3 games that have launched in the earlier years and are still widely used today.Per recent data, Alien Worlds, Splinterlands and Planet IX had the three highest average unique active wallets used between Jan. 1 and Apr. 22, 2023, according to CoinGecko.While 2022 had the highest number of failed games, 2023 has slowed the trend, with only 507 failed projects as of Nov. 27.“The lower failure rate could perhaps indicate a stabilization in the state of web3 gaming,” CoinGecko said.Magazine: 65% plunge in Web3 Games in ’23 but ‘real hits’ coming, $26M NFL Rivals NFT: Web3 Gamer

Over 75% of Web3 games ‘failed’ in last five years: CoinGecko

The post U.S. Treasury Sanctions Crypto Mixer Sinbad For Laundering $850 Million For North Korean Hackers Lazarus appeared first on Coinpedia Fintech News
The United States Treasury Department, through its Office of Foreign Assets Control (OFAC), has imposed stringent sanctions on the cryptocurrency mixer Sinbad. This action follows allegations that Sinbad played a significant role in laundering stolen funds for the North Korea-based hacking group, Lazarus. Sinbad Was Involved In Axie Infinity Heist The Office of Foreign Assets …

U.S. Treasury Sanctions Crypto Mixer Sinbad For Laundering $850 Million For North Korean Hackers Lazarus

Analyzing USTC, LUNA, and AXS price action – do technical indicators confirm them as the best cryptos to buy now? Image by cryptonews.com. Following TerraClassicUSD’s 220% gains over the past few days, Binance listed USTC in perpetual futures with 50x leverage earlier today, further fueling its uptrend that saw prices surge 80% at one point […]
The post Best Crypto to Buy Now November 27 – TerraClassicUSD, Terra, Axie Infinity appeared first on Cryptonews.

Best Crypto to Buy Now November 27 – TerraClassicUSD, Terra, Axie Infinity

The cryptocurrency market is witnessing a significant surge in the value of Axie Infinity (AXS), which has recently reached a 175-day high. The momentum began with a breakout from a descending resistance trend line on October 21, marking a notable shift in the digital asset’s trajectory. Since then, AXS has seen a rapid increase in […]
The post Axie Infinity (AXS) Soars to a 5-Month High: Bullish Momentum Ahead? appeared first on Coin Edition.

Axie Infinity (AXS) Soars to a 5-Month High: Bullish Momentum Ahead?

The Axie Infinity (AXS) trend is considered bullish unless a close below the $6.70 horizontal area occurs.
The post Axie Infinity (AXS) Reaches 175-Day High – How Long Until It Goes Above $10? appeared first on BeInCrypto.

Axie Infinity (AXS) Reaches 175-Day High – How Long Until It Goes Above $10?

The post A Bullish Fightback Teases 35% Hike In AXS Price Next Month! appeared first on Coinpedia Fintech News
Surpassing the 200D EMA, the AXS price has recovered 62% in the last 40 days as it launches from the $4 mark. The bull run even exceeds the $7 mark and continues to gain trend momentum as the market recovers. Moreover, there is a rising number of users on the Axie Infinity platform, fueling the …

A Bullish Fightback Teases 35% Hike In AXS Price Next Month!

According to on-chain data, the demand for Axie Infinity in November has increased due to a notable increase in network activity.  AXS accumulation has continued to outpace distribution.  Axie Infinity, […]
The post Increased Demand Hits Axie Infinity In November: On-chain Data appeared first on BitcoinWorld.

Increased Demand Hits Axie Infinity In November: On-chain Data

Axie Infinity (AXS), the widely-played blockchain game and metaverse project, has unveiled a novel initiative, allowing its non-fungible token (NFT) owners the commercial rights to produce and sell authorized merchandise. […]
The post Axie Infinity Unveils NFT Monetization Solution, Official Merchandise appeared first on BitcoinWorld.

Axie Infinity Unveils NFT Monetization Solution, Official Merchandise

Axie Infinity (AXS), the widely-played blockchain game and metaverse project, has unveiled a novel initiative, allowing its non-fungible token (NFT) owners the commercial rights to produce and sell authorized merchandise.

Axie Infinity unveils NFT monetization solution, official merchandise

Sky Mavis has launched a merch store for its Axie Infinity game IP, and is also allowing a small portion of its NFTs to be used commercially by owners.

Axie Infinity Starts Giving NFT Owners Commercial Rights as Official Merch Drops

The metaverse, a thriving frontier in the crypto world, has become a focal point of exploration and innovation. As digital realms evolve, Euler Network positions itself as a dynamic force, ready to transcend the gaming-centric landscape exemplified by cryptocurrencies like Axie Infinity (AXS) and Decentraland (MANA). By delving into Euler Network’s role in this emerging […]

Euler Network Navigating the Metaverse – Beyond Gaming to Crypto Realms’ Future

Axie Infinity (AXS) price buckles under selling pressure from top holders. But how long will this bearish trend last?
The post AXS Price in Peril: Can Axie Infinity Top Holders Rescue It? appeared first on BeInCrypto.

AXS Price in Peril: Can Axie Infinity Top Holders Rescue It?

Source: AdobeStock / 2ragon To increase adoption, in 2024, most successful Web3 games will move away from the play-to-earn (P2E) model to free-to-play, according to Gabby Dizon, the co-founder of Yield Guild Games. Dizon told Cointelegraph that a new wave of Web3 games will be taking over soon. Now we see games like Axie Infinity […]
The post Web3 Game Adoption Hinges on Free-to-Play Approach, Says YGG Co-Founder appeared first on Cryptonews.

Web3 Game Adoption Hinges on Free-to-Play Approach, Says YGG Co-Founder


                    
                    Gabby Dizon, the founder and CEO of Yield Guild Games says a renewed focus on free-to-play gaming will help put a booster on Web3 game adoption.
                    Next year’s most successful Web3 games will pivot from play-to-earn (P2E) to instead focus on being completely free-to-play to dr in players, says Yield Guild Games CEO and co-founder Gabby Dizon. Speaking to Cointelegraph, Dizon said unlike games such as Axie Infinity — which require players to purchase at least three Axie nonfungible tokens (NFTs) to play — the new wave of hyper-successful Web3 games will seek to remove as many of the financial and technical barriers to entry as possible. “There's this big realization that for millions of people to be able to get into a game, they have to be free-to-play first.”“There's an evolution of the business model where the games are free to play, and then at some point along the way while you're playing, then you're able to mint an NFT or start earning tokens, but a lot of new games aren't really starting with requiring NFT ownership at the start,” he said.This shift towards a free-to-play model is part of a wider effort from Web3 game developers to put gameplay first and tokenomics second, Dizon explained.He added the shift forms a large part of the solution to speculative Web3 gaming bubbles. By creating games that players want to keep playing, they’ll reinvest their capital in the game and prevent the in-game economy from becoming a cash-generating machine, Dizon sa. Running near-parallel to the decline in crypto prices, blockchain games witnessed their own downturn as players and revenues trickled out of the ecosystem following the sudden collapse in Axie Infinity-related asset values in late 2021. Surveys from October 2022 showed that even the most adamant crypto gamers were leaving in droves citing the over-financialization of gameplay, lack of fun,and confusion around crypto wallet tech.Dizon thinks all of that is about to change. “After Axie became popular two years ago, a lot of very experienced teams took a look at its rapid ascent and thought: 'Now it's a real industry, maybe I could do better by making my own game,'” he said.“A lot of these teams got funding in late 2021 and for a really good game, it typically takes maybe 2 to 3 years to make.”For the past 18 months, Dizon and other Web3 gaming industry leaders have been eagerly awaiting the launch of a series of new Web3 games in Q4 such as the Nov. 16 open beta Epic Games store launch of the blockchain-based trading card game Parallel. PRIME time is almost here. https://t.co/fXBVvboxx6— Gabby Dizon | YGG ️⚔️ (@gabusch) November 19, 2023

“Expect to see lots of really high-quality games, with high-quality teams behind them as well as new experiments in tokenomics and earning models,” he said.Related: Blockchain game Illuvium goes mainstream with looming Epic Games Store listingDizon pointed to the introduction of the ERC-6551 token standard or “token bound” accounts in gaming as a reason to be excited about blockchain-based games in the future as some developers are using it to thread artificial intelligence into games.“You can actually start attaching AI behaviors to your avatar and you can give it instructions: ‘I want you to go out to the world, craft me a gun, kill some monsters, and then bring the treasure back,’” Dizon said. “Then, a few hours later, you can check the wallet that's embedded in it and it's like, oh, I got these things back.”Dizon believes this kind of automation will greatly reduce the amount of “grinding” needed in games — allowing players to jump in for the fun parts while leaving the boring stuff to AI. “I think it's going to be the start of a new game genre of you interacting with AI and not having to play the game all day,” he said. “You set parameters for the AI and just let it do things in the game world.”“It's going to get really interesting, man.”Magazine: Asia Express: No civil protection for crypto in China, $300K to list coins in Hong Kong?

Free-to-play Web3 games hold the key to mass adoption, YGG co-founder

The post Axie Infinity Price Prediction 2023, 2024, 2025: Will AXS Price Regain $10 Soon? appeared first on Coinpedia Fintech News
Story Highlights The live price of Axie Infinity is . AXS price could possibly trade as high as $9.28 by the end of 2023. Axie Infinity with a potential surge could go as high as $43.29 by 2030. One of the growing trends in the crypto verse is blockchain gaming. The young and promising project …

Axie Infinity Price Prediction 2023, 2024, 2025: Will AXS Price Regain $10 Soon?

The post Axie Infinity Price Prediction: Experts Recommend Pikamoon and AXS as the Top 2 GameFi Tokens for Huge ROI appeared first on Coinpedia Fintech News
Play-to-earn (P2E) gaming projects are not new in the crypto space. Instead, they offer investors and users endless possibilities to make huge money. Axie Infinity played a vital role in establishing a path for P2E games. But its bearish run after it peaked in 2021 has raised concerns regarding profit in the crypto space. As …

Axie Infinity Price Prediction: Experts Recommend Pikamoon and AXS as the Top 2 GameFi Tokens for Huge ROI

GameFi tokens across the cryptocurrency market are rallying, with significant double-digit price   increases over the past couple of weeks. Well-known tokens Axie Infinity (AXS) and Sandbox (SAND) are seeing two-week price gains of 26.24% and 23.97%, respectively. Ahead of both is PlayMining, whose DEAPcoin (DEP) token gained 38.48% over the same time period, shooting up […]
The post PlayMining’s DEP Token Rebounds over 60% Ahead of AXS & SAND in Q4 GameFi Rally appeared first on Coin Edition.

PlayMining’s DEP Token Rebounds over 60% Ahead of AXS & SAND in Q4 GameFi Rally


                    
                    Hashkey Capital partner of liquids funds and research, Jupiter Zheng, says the crypto sector in Hong Kong is now primed for significant growth over the next four to five years.
                    Hong Kong is “very ready” for the next wave of mass crypto adoption, with an influx of crypto talent that has been spilling into the aspiring digital asset hub, says Jupiter Zheng, a partner at Hashkey Capital. Speaking to Cointelegraph, Zheng, partner of liquid funds and research at the investment arm of Hong Kong crypto firm HashKey Group — explained that the combination of new Web3 projects along with crypto-positive regulatory developments has primed Hong Kong for significant growth in the next four to five years.“You’ve got all of these new, different projects, with their founders and teams here, which is all real GDP by the way. These teams are already boosting both banking and capital market activities."Zheng added that while crypto prices haven’t reflected it, the level of sophistication being developed in the sector over the past 18 months had been striking. “The actual technological improvement we’ve seen throughout the bear market has been quite astonishing. So I think from the technology side, we are very ready for the next wave of larger mass adoption in the crypto world,” said Zheng. The reason for his bullishness for the region was based on the belief that the economy in Hong Kong is in dire need of a new driver, something that Zheng believes the crypto sector is ready to offer. “The GDP in Hong Kong in recent years hasn’t been looking so good — largely due to Covid. So it needs a new driver,” Zheng said. “So it’s my theory that crypto and Web3 are the new drivers here.”@mar2424 Jupiter Zheng, HashKey Capital's Partner of Liquid Funds and Research, spoke at a panel discussion at CVCF last week with the theme "Navigating the Web3 Investment Landscape: Emerging Trends to Watch in 2023–24". pic.twitter.com/P5Yg1StzfI— HashKey Capital (@HashKey_Capital) November 6, 2023

On Aug. 3 this year, Hashkey became the first crypto exchange in Hong Kong to receive a specific license that allowed them to offer crypto assets to retail investors. Zheng admitted that while he’s not directly involved in the exchange arm of Hashkey, he expects the demand for crypto products from local Hong Kong residents to grow as the government continues to shore up investor concerns by outlining its regulatory scheme for the sector.“The recent policy changes give retail investors safety because now you’ve got insurance and legal protections,” he said.“You don't have to use online wallets to do self-custody. All you need to do is open an account on an exchange, and then you can use your Hong Kong dollars to buy Bitcoins and other crypto. It's quite easy.”“For now it's still a bear market, but when the bull market comes back, we can assume that people’s outlook will change quickly. Retail will definitely be coming back, especially when they have a lot of opportunities to buy securely with licensed exchanges,” Zheng added. Overall, Zheng predicts that Web3 in Asia and Hong Kong will witness a similar pattern of development to that of the GameFi sector in South East Asia in 2021, which saw Axie Infinity briefly become one of the most-played games in the world. In Zheng’s view, while Axie was prone to massive speculation, the underlying model of development would be similar — projects that are developed in the U.S. and Europe could easily find a welcoming market in Asia. “I think in the future Asia will still follow the same pattern. Protocols and infrastructure projects that are developed in the United States or Europe or Australia may not witness massive adoption where they’re developed — but if they want to find a market they can go to Asia.”Related: Swiss crypto bank SEBA gets Hong Kong SFC licenseZheng conceded that growth would be less feverish than once seen in South East Asia, with more of a sober and well-regulated focus on protocols and blockchain infrastructure, in place of rampant speculation on gaming.Hong Kong's burgeoning virtual asset policy is paving the way for the future of #Web3 Our Partner of Liquid Funds and Research, @mar2424 shares his insights into the developments and opportunities that are reshaping the industry and the rest of the world at large.Read more:— HashKey Capital (@HashKey_Capital) November 7, 2023

It’s worth noting that Hong Kong was rocked by a crypto exchange scandal in September, in which an unlicensed exchange called JPEX allegedly swindled investors out of some $165 million. The fallout has since been described as the one of the worst financial crises to have ever hit the region. Despite the debacle, Hong Kong’s secretary for financial services and the treasury Christian Hui assured a crowd of investors, government officials and other regulators at HK Fintech week that the JPEX drama hadn’t affected the government’s aspirations to turn Hong Kong into Asia’s crypto hub. Hong Kong also pledged to tighten its crypto regulations after JPEX’s alleged actions. The SFC also set up a task force with the police to deal with illicit crypto exchange activities and updated its policies on crypto sales and requirements.Asia Express: Chinese police vs. Web3, blockchain centralization continues





