Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

The GamesBeat Summit 2023 gave enough time to look into the revolution in the game industry and how it is changing to become more flexible and adaptable. There were many different topics at the Summit, such as artificial intelligence, creative business models, and ways to make money on Web3. It was important because it brought together gaming communities and leaders from the business. At the GamesBeat Summit, there are exhibitions, roundtable talks, Q&A sessions, VIP lunches and dinners, diversity breakfasts, one-on-one meetings, awards, and more. On the last day of the GamesBeat Summit 2023 meeting in Los Angeles, the 2023 Visionary Awards were shown.

Eternal Dragons keeps adding new and interesting things to its already large library of in-game content. Another exciting surprise is about to be revealed in Eternal Dragons, adding to the recent rush of Eternal Dragons reveals. With the new Void Affinity, they now have a total of nine in-game associations. Now, players can use Void Affinity against their opponents to come up with ways to win. But making a plan that works is not part of the game. In the NFT game, each affinity only comes up less than half of the time. Let's take a look at how Void Affinity can help players. With Void Affinity, you can beat your opponents by making their carefully thought-out plans fail. As you get more Void Affinity in the game, you'll be able to take away more of your opponents' Affinity.

Gala Games has made several exciting announcements and releases during their May Mayhem Madness event. The highlight is the launch of their Wild West Shooter battle royale game, 'GRIT', on the Epic Games Store. This game, incorporating NFTs, offers a unique gaming experience set in the Wild West. Gala Games is gaining recognition in the NFT game world, and the release of GRIT on the Epic Games Store is expected to accelerate its adoption and popularity.In addition to GRIT, Gala Games has introduced various other updates and games. They have partnered with PokerGo to create a web3 poker game called PokerGo Play, aiming to revolutionize online poker by integrating web3 technology and social features. 'Town Star', a highly anticipated game, has seen enhancements in security measures and rewards during the May Mayhem event.'Mirandus', an MMORPG set in a medieval fantasy world, is still in development but promises immersive gameplay. 'Spider Tanks', despite its flaws, offers engaging gameplay with diverse modes and strategies. 'Legends Reborn', a collectible card game, is approaching a milestone, and players have limited time to participate and earn rewards.'Superior' is currently open for hunting, allowing anyone to join without the need for specific NFTs. 'Dragon Strike: Puzzle RPG' has introduced the Scroll of Minting, enabling players to turn in-game heroes into NFTs. Additionally, Gala Games is launching a Bug Bounty Plan in partnership with Immunefi.com, incentivizing the community to enhance the platform's security.The May Mayhem Meta Rewards program rewards dedicated Gala Games players across their various titles. To qualify, players need to collect rewards from all Gala Games platform titles. This initiative aims to engage and recognize the most committed members of the Gala Games community.

Web3 Experts on Opportunities and Challenges in Making a Successful Web3 Game: Gamesbeat Summit 2023. Gamesbeat Summit 2023 keeps going with interesting talks about Web3 games and their future. Urvit Goel of Polygon Labs, Serhat Maraslgil of BoomLand, and Peter Kieltyka of Horizon Blockchain Games got together on Day 1 to talk about "What's needed for the next successful Web3 game." Dean Takahashi, who is the lead writer for Gamesbeat, was there to ask some thought-provoking questions. How can you level up in Web3 games? What parts will make the next Web3 game a hit? What are the problems that game developers have to deal with when making Web3 games? And what can be done about it? Serhat was the first person to speak at GamesBeat Summit 2023. He talked about the possibilities that Web3 has for both gamers and developers. When it comes to Web3 games, there are a lot of chances for both sides.

The Gamesbeat Summit 2023 is just getting started, and there will be inspiring and thought-provoking talks about the gaming business. The 15th Gamesbeat Summit starts with Dean Takahashi's opening speech. Sponsors like Visa, Facebook Gaming, Jam City, and Xsolla, among others, give money to make the event possible. This year's Gamesbeat Summit will have a lot of different guests with a lot of different backgrounds talking about a lot of different things. There will be 139 speakers in 53 classes, and each one will talk about a different subject. At the top of the mountain, a day is made up of three parts: the beginning, the middle, which includes a break, and the end.

Researching the Possibilities of Artificial Intelligence (AI) in Video Games. In the ever-changing world of video games, there is one thing that stands out as crucial to making engaging and memorable experiences: knowing how players act. As game designers try to make worlds that feel real and games that are fun to play, being able to get into the details of how players connect with each other becomes an important part of their work. Thanks to the development of artificial intelligence (AI) and the use of advanced data mining tools, game developers now have the tools they need to find useful insights that can change the way games are played as a whole. AI makes it possible for game makers to use cutting-edge algorithms and computational models to look at a huge amount of data about players. This data includes a lot of different kinds of information, from actions and choices made in-game to player preferences and feelings. Developers can find out how players interact with their games by using advanced analytics methods to find patterns, trends, and correlations.

Xsolla, a renowned global video game distributor, has introduced an innovative tool called Xsolla Drops to enhance their Xsolla Partner Network. This tool is designed to provide game developers with enhanced marketing capabilities, ultimately driving player engagement, retention, and sales. Xsolla Drops facilitates the promotion of in-game items like virtual currencies, skins, NFTs, game keys, and premium services.Alexander Menshikov, Xsolla's Business Head, emphasized that Drops simplifies the process for game creators to connect with and reward their players. The tool enables personalized marketing campaigns and experiences through customizable landing pages without requiring coding skills.Given the rising costs of user acquisition, Drops employs a multi-tiered strategy to reignite players' interest in discovering new games and offers creators more value. It also collaborates closely with influencers, artists, esports professionals, celebrities, and prominent companies.Testimonials from industry players like Scott Robinson of SprintGP underscore the effectiveness of Drops in rapidly increasing user numbers and website traffic. Drops not only aids developers in attracting new players but also fosters a sense of community and engagement through exclusive content.Drops, an extension of Xsolla Partner Network, empowers developers and influencers to collaborate in promoting games to a wider audience. The tool facilitates the distribution of exclusive digital content, fostering player involvement and appeal.Moreover, Drops addresses budget constraints by offering a cost-effective solution that combines influencer marketing with exclusive digital content. By strengthening player communities and refining marketing strategies, Drops enhances player retention and builds long-term relationships.Drops' groundbreaking approach leverages monetization techniques to transform player discovery, re-engagement, and retention. It enables developers to create tailored programs with unique rewards, NFTs, and content, capturing players' interest. The user-friendly interface streamlines the project setup process, saving developers time and effort.Drops engages diverse audiences through various methods, invigorating the game discovery process and maintaining player interest. The tool's collaboration with influencers amplifies brand awareness and audience reach, all at a low cost per lead.Xsolla Drops equips developers with tools for direct-to-consumer sales, robust analytics, secure inventory storage, community building, and anti-piracy measures. It is positioned as a comprehensive solution for developers seeking effective game sales strategies and sustained player engagement.

Gala Games, a blockchain-based gaming platform, has announced its decision to burn 21 billion Gala coins in order to prevent potential future token sell-offs and address concerns within its community. The move was prompted by worries about excessive token availability, potential dumping of tokens, and the potential devaluation of GALA coins after the release of the v2 token.The company's 2023 Vision Paper outlined plans to burn two billion GALA tokens within a year, along with an additional 3.96 billion GALA tokens, equivalent to the total tokens issued since the platform's inception in 2019. This strategic token burning was intended to bolster community sentiment, strengthen the node community, and promote mobile growth.Token burning, a practice in which tokens are permanently removed from circulation, is known to impact supply and demand dynamics, potentially leading to increased token value over time. Gala Games aimed to create scarcity within the token ecosystem, driving up demand and consequently enhancing token prices.Following the release of the v2 token, Gala Games shared news of burning an additional 15 billion tokens. This information was disseminated through the company's official Twitter account, signifying a new phase for the platform.Gala Games also introduced an upgraded version of its token, GALA v2, with existing GALA holders receiving a 1:1 ratio of the updated token. The company's CEO, Jason Brink, emphasized the company's commitment to long-term sustainability and the necessity of deriving benefits from the ecosystem rather than relying solely on a stockpile of tokens.In a bid to secure future funding, Gala Games allocated 2 billion GALA tokens for future use, transparently storing them in a doxxed wallet to instill confidence in the community. This allocation aimed to facilitate the platform's growth and reward its participants.Gala Games offers a diverse range of blockchain-based games, allowing players to earn non-fungible tokens (NFTs) and GALA cryptocurrency as rewards. The platform collaborates with Ethereum, Polygon, and BNB Chain to provide optimal token exchange and user experiences.Overall, Gala Games' strategic token burning and initiatives to strengthen the ecosystem were designed to address community concerns, enhance token value, and ensure the platform's sustainable growth.

Last Remains is an upcoming AAA survival zombie-infested NFT battle royale web3 game where you have to survive and reach the extraction point. Find valuable NFTs in a town full of zombies where you have to survive on your own to get to the extraction point. Last Remains is an upcoming AAA survival battle royale game where you have to be sneaky to win. This Web3 game is a mix of zombie games, stealth games, battle royale games, and games where you can play and earn money. In this earn-and-play game, 30–50 players will compete in a battle royale to find NFTs. Everyone is on their own, and staying alive isn't the only thing you need to do to survive. So, don't trust anyone, move quickly, stay hidden, and outsmart your rivals to be the last person standing. The game is still being made, but it will be a fun PvE game where you have to move around the map quietly to find important resources.

In the realm of web3 gaming, the past week has been bustling with activities, including playtests, updates, reports, and intriguing news. Several significant developments have taken place:Guild of Guardians Updates:Guild of Guardians, a prominent web3 game, has undergone significant changes, thanks to its partnership with Mineloader. Progressing into the "The Beautiful Corner" phase, the game is enhancing gameplay mechanics and gathering player feedback. Additionally, NFT Staking is being introduced through collaboration with Guardians Guild Limited, offering rewards to participants. The game is moving towards its Limited Beta phase, followed by the much-anticipated Open Beta Launch on mobile devices. A transformation into a Roguelite Squad RPG aims to elevate the game's appeal. Keep an eye out for updates on The Guild's Treasure season and airdrop rewards.Axie Infinity Origins on App Store:The blockchain-based sensation, Axie Infinity, has taken an unexpected move by releasing its free-to-play NFT game, "Axie Infinity: Origin," on the Apple App Store. This move has led to a 15% increase in Axie Infinity's value, considering Apple's prior restrictions on NFT-related activities. While initially accessible in certain countries, this partnership with Apple opens avenues for user base growth and tailored features for Apple devices.Illuvium Overworld Private Beta 2.0:The highly anticipated blockchain game, Illuvium, is inviting players to join the Overworld Beta Test 2.0. Interested participants need to register on the official website and complete a beta application. Limited spots are available, and selection considers factors such as registration information and computer specifications. This beta phase aims to gather valuable feedback from community members, players, and journalists to enhance the game. The beta test introduces exciting features like new areas, collectible rivers, flying and sliding mechanics, and improved user interfaces.Gala Games Token Burn and Migration:Gala Games has migrated its GALA token to a new contract, involving the burning of over 20 billion tokens to align with their future plans and GRYI blockchain. This transition aims to enhance the GALA token's utility and value. However, some issues with Coinbase have been reported. The GALA token will replace the TOWN token as the base currency on Gala Games' Gala blockchain, emphasizing long-term goals, decentralization, and tokenomics.Roblox Q1 2023 Earnings Report:Roblox's Q1 2023 earnings report reveals a mix of positive and negative outcomes. While the company exceeded revenue expectations, its loss per share was larger than anticipated. Notably, Roblox experienced a 22% YoY increase in daily active users, reaching a record 66 million, along with a significant rise in engagement hours. These figures highlight the enduring popularity of Roblox's immersive games and its global player community.Life Beyond Tokenomics Details:The team behind the web3 game "Life Beyond" shared insights into their game economy and tokenomics strategy. The game aims to attract users unfamiliar with blockchain technology by providing a seamless experience and an in-game wallet for purchases. The economy will involve two tokens: DOLS for basic tasks and an unnamed fungible token for NFT interactions and governance. This approach simplifies on-chain interactions, widening the game's accessibility.Genopets Roadmap Update:Genopets, an NFT pet game, unveiled its new roadmap titled "The Road to Market" following the completion of its previous phase. Augments and PvP gameplay are central to this new stage, bringing the game closer to its Phase II launch. Augment enhancements, recycling, and trading are on the horizon, alongside Step Battles and PvP combat that integrates augmentations.In the dynamic landscape of web3 gaming, each week is marked by a flurry of developments, exemplifying the industry's constant evolution and innovation.

Blockchain gaming has been going up in an amazing way, dominating on-chain transactions and getting a lot of users in the Web3 environment. In April, data company DappRadar said that a big chunk of all on-chain transactions were related to gaming. It makes up 38% of all crypto trades right now. Even though the number of daily active wallets went down a little, gaming-related activities continued to grow. In the study, blockchain games were at the center of everything and made up a big part of on-chain transactions. Even though the number of daily active wallets dropped by 10% compared to the month before, 38% of all crypto transactions were tied to gaming. This number shows how gamers are becoming more and more interested in the blockchain area.

Random Games, which is known for making games that are new and exciting, has announced that Reyu will be the first playable NFT in their new Unioverse series. Random Games is also laying the groundwork for an ambitious and interesting franchise by releasing a comic book, NFTs, short fiction stories, and an immersive minigame called "The Proving Grounds." This article goes into great depth about how Unioverse, Reyu, and Random Games put the game and the community first. Also, they showed that they were serious about giving players an open and creative gaming experience.The main character of the Unioverse franchise is Reyu, who is called a "warrior monk" on the website. Reyu, who looks like a cross between a human and a xenomorph, has a mesmerizing mix of strength and grace.

Axie Infinity: Origin’ on the Apple AppStore. An Ethereum-based token has experienced a rapid pace in its growth and expansion. Cryptocurrency gamers and investors are currently stunned as Axie Infinity has announced the arrival of its NFT game ‘Axie Infinity: Origin’ on the Apple AppStore. Axie Infinity, an Ethereum-based token has experienced a rapid pace in its growth and expansion in the blockchain games market. The card-based strategy game allows players to gather, collect, and use an infinite variety of creatures known as Axies to fight and win.

Guild of Guardians, the popular Web3 game, has recently shared some exciting updates. Let's dive into the details! Exciting updates from Guild of Guardians: Mineloader partnership, NFT staking, and transition to Roguelite Squad RPG. Stay tuned for more! Guild of Guardians' first milestone update talked about a successful partnership with Mineloader, a well-known game development company. The partnership has been successful.

Due to problems with regulations in the US, the unique cockfighting game MechaFightClub, which is based on NFT, has been put on hold for good. Irreverent Labs had been working hard for more than a year to make a cockfighting game that was unlike any other. The web3 gaming industry is in shock, which is a shame because passionate gamers and NFT holders were looking forward to Irreverent Labs' groundbreaking release. Even though the US developer of MechaFightClub NFT got $40 million in funding last year, work on the game was suddenly stopped. The lack of clarity in US regulatory law was given as the reason. It's surprising to hear that the NFT-based game has been put on hold, with the developers calling it a "indefinite hibernation" after showing off such a great presentation and gameplay.