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

Start your gaming journey with our special sneak peek at the GAM3 Awards 2023! This article talks about the who, what, and why of this year's gaming extravaganza, which is coming up on December 14th. Find out how big names in the industry, like Polygon, Ethereum, and others, are competing for supremacy in a fierce race with a huge $2 million prize pool. Well-known people like George Yousling from Polygon Labs and Robby Yung from Animoca Brands give useful information about how web3 gaming trends change and standards rise. Big Time, Wildcard, Parallel, Deaddrop, Illuvium, and MetalCore are some of the top nominees. Their games range from action and adventure to strategy and e-sports. Get ready for an inside look at the GAM3 Awards 2023, where great gaming meets new ideas on a virtual stage that will shape the future of gaming.

In the dynamic world of web3 gaming, several major players have recently made significant strides, offering exciting developments and updates. Here's an extensive summary of the latest news from Animoca Brands, Krafton, Yuga Labs, Wreck League, and other notable web3 gaming entities:Animoca Brands Mocaverse Funding Round:Animoca Brands Corporation Limited has secured substantial support for its ambitious metaverse project, Mocaverse. This endeavor aims to accelerate the development of Mocaverse, a pivotal component of Animoca Brands' web3 ecosystem. To achieve this, the company issued new shares at a rate of A$4.50 each, resulting in a remarkable $20 million in funding. Investors in this round were also granted utility token warrants on a dollar-for-dollar basis. Leading this funding round was CMCC Global, with participation from prominent blockchain investors such as Kingsway Capital, Liberty City Ventures, and GameFi Ventures, along with Animoca Brands' executive chairman, Yat Siu. Mocaverse introduces Moca ID, a collection of non-fungible tokens (NFTs) designed to establish unique blockchain credentials. The project envisions creating a decentralized loyalty system within the Mocaverse platform, encouraging broader integration of web3 technologies into everyday life.Krafton's Overdare NFT Metaverse Game:Renowned for its highly popular PUBG battle royale game, Krafton has ventured into web3 gaming with the announcement of Overdare, an NFT-driven metaverse mobile game set to revolutionize user-generated content on the Settlus blockchain. Overdare is set to have a soft launch in December, with a full release planned between the first and second quarters of 2024. Comparable to Roblox, Overdare empowers users to create content, and it leverages Epic's Unreal Engine 5 and AI generative tools, offering extensive gameplay options. Players can create games across various genres, interact with other users, customize avatars, and explore a vast open world, featuring virtual concerts. This partnership between Krafton and Naver Z aims to establish a "create-to-earn" gaming economy, enabling players to trade in-game assets as NFTs for transparent and secure transactions, pushing the boundaries of traditional gaming experiences.Wreck League's Debut Tournament:Wreck League has launched its inaugural leaderboard tournament, inviting Mech enthusiasts to participate. With 1.4 quadrillion potential combinations of Mech parts, each fighter's Mech becomes unique, ensuring every battle is distinct. Players can assemble Mechs and engage in player-versus-player (PvP) battles. Dubbed "Mez'i's Mayhem," this tournament commenced on September 14 and will continue until September 28. The scoring system awards one point for a victory and none for a loss, emphasizing skill and consistency. Prizes are allocated to the top 17,000 players, ranging from common parts for those ranked 10,000th and above, exclusive Iconic Holoscopes for the top three (granting future ownership of an Arena NFT), fully assembled Koda Mechs for ranks four through ten, and Legendary parts for ranks eleven through twenty-five.Yuga Labs' HV-MTL Forge Update:Yuga Labs has introduced a new phase called "The Hunt" to HV-MTL Forge, enhancing both the world and gameplay. In this update, players embark on a dungeon-crawling adventure in The Rift, reminiscent of roguelike games. They search for crafting materials and special items to improve their Heavy Vehicles (HVs). Players can choose from four different biomes and set the game's difficulty level, with energy consumption varying accordingly. Furthermore, players must decide whether to be explorers, fighters, or craftsmen, each possessing distinct stats and abilities. HVs have a battery level serving as both their health and an exploration resource. If an HV runs out of battery before reaching the exit, the player loses half of their collected items.Eternal Dragons Web3 Game Update:Eternal Dragons returns with an updated version designed to enhance the NFT gaming experience for Dragoneers and web3 gamers. Notable features of this update include unit attack animations, creating more fluid and exciting battles, simplified PvP room creation for improved connectivity, and the addition of a PvP AI opponent to facilitate gameplay for players in different time zones. The introduction of class stacking, rather than skills, offers strategic depth by allowing players to enhance combat skills by deploying more units of the same class. Improved NFT coupling emphasizes player feedback and introduces new ways to combine classes and affinities, adding dynamism and intrigue to every battle. These changes are aimed at immersing players deeper into the world of Eternal Dragons and making the game more enjoyable.These developments highlight the vibrant and rapidly evolving landscape of web3 gaming, with Animoca Brands, Krafton, Yuga Labs, Wreck League, and Eternal Dragons leading the way in innovation and creating engaging experiences for players and enthusiasts in the metaverse.

Another exciting week in the world of Web3 gaming has come to an end, with a slew of updates in the metaverse, blockchain gaming, and NFTs. nWay introduces "Wreck League," a multiplayer fighting game that pits characters from the Bored Ape Yacht Club against one another. "Mojo Melee" has joined Amazon Prime Gaming, providing members with NFTs, exclusive skins, and champions. The British Museum enters The Sandbox metaverse by fusing centuries-old artifacts with NFTs. Immutable zkEVM is chosen by "The Medieval Empires" for MENA expansion. "Hunters On-Chain" introduces Season 0 with unique rewards, causing controversy due to its pay-to-win model. Web3 gaming's boundary-pushing evolution continues to captivate players and enthusiasts amidst the excitement.

Wreck League, the highly-anticipated Web3 multiplayer fighting game developed by nWay under Animoca Brands, has been officially announced. This innovative game distinguishes itself with its unique plot and gameplay approach, allowing players to construct, acquire, and pilot mechs in live battles. Notably, nWay's intention is to attract new users to the Web3 platform through this game.What sets Wreck League apart is its hybrid approach, offering both a Web2 and a Web3 version of the game. This strategy aims to cater to a wide audience, regardless of their blockchain experience, by maintaining accessibility and avoiding complex terminology.The Web3 version of Wreck League features a Mech minting competition as a thrilling starting point, complete with a two-week leaderboard tournament. Participants engage in combat, with wins and losses impacting their points. At the competition's conclusion, players receive on-chain rewards, including unique 1of1 NFTs. Moreover, the top 30,000 players are granted various mech sets, legendary boxes, and mech parts.The game also offers a free-to-play (F2P) Web2 version alongside the Mech NFT-required Web3 version. This move is intended to bridge the gap between the Web3 and PC gaming communities and appeal to a broader player base. The F2P version includes regular missions, a battle pass, and an in-game shop.Wreck League's potential to reshape the esports industry and foster a vibrant online gaming culture lies in its inventive gameplay, player-owned digital assets, and intense multiplayer competition.Furthermore, nWay has entered a significant licensing agreement with Yuga Labs, acquiring characters from the Bored Ape Yacht Club and other Yugaverse Web3 characters. This collaboration is a strategic step to enrich the game's content and expand its appeal.In terms of gameplay, Wreck League offers one-on-one mech battles with the ability to switch out mechs, akin to a Marvel vs. Capcom style. With over 1.5 quadrillion possible combinations of mech combatants, the game breaks away from conventional fighting games' limited character rosters. Mechs are composed of 10 individual NFTs, ensuring uniqueness and customization for each player.The game features an in-game store, and for Web3 users, their Bitcoin wallet is seamlessly integrated into the account. The marketplace in the Web2 version allows users to purchase in-game versions of NFT mechs, generating profits for original NFT owners.The upcoming first season of Wreck League promises a plethora of mech pieces (NFTs) that players can assemble into complete mech characters. Additionally, players can access unique Yugaverse mechs to enhance their experience and ownership. Special auctions for mech parts are on the horizon, offering players the opportunity to build their ultimate mech arsenal.According to nWay, Wreck League embodies the future of esports by providing thrilling combat, enabling players to compete using self-owned assets, and offering a range of on-chain rewards. The game's evolution is expected to continue, with significant gameplay improvements each season, pending potential developments like an iOS version contingent on Apple's stance toward NFT games.