Blue Chip NFT collections such as Azuki, Clone X and Doodles are leading the growth of the steady growth of a market that has traded over $17 billion. On Tuesday, blockchain data analytics platform Nansen released its quarterly report on the state of nonfungible tokens, or NFTs. The report highlighted the rapid growth of the NFT market…
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The creators of Crypto Raiders explain how blockchain gaming is revolutionizing the entertainment industry and shepherding new entrants to Web3. At the height of the nonfungible token (NFT) rally in 2021, Sky Mavis, the creator of Axie Infinity, rolled in like the Trojan horse and coined the term play-to-earn (P2E) for blockchain games. Axie Infinity…
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Looks like its latest raise brings Epic Games’ valuation to $31.5 billion. Epic Games, the video game publisher behind the popular PC and console game Fortnite, announced a $2 billion funding round with plans to accelerate the company’s vision to make its mark in the Metaverse. The deal, which is still subject to customary regulatory approvals,…
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A new gaming platform by Gala Games combines development, play-to-earn and a gaming store in one spot. Crypto games that combine play-to-earn (P2E) and nonfungible token (NFT) mechanics found a huge boost in 2021, thanks to the success of Axie Infinity and metaverse hype. However, playability still remains a major problem, as most crypto games…
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Gamers that are also into crypto have been waiting for a game that includes digital assets and is actually fun to play. Blockchain games have been quite popular among crypto enthusiasts for a long time because they use cryptocurrency as an in-game tool. In these kinds of games, blockchain technology is used to secure the…
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In second and third place were sports highlights marketplace NBA Top Shot with $827 million and community gaming platform Loot with $242 million, respectively. According to a recent report curated by NonFungible, players of the monster-battle nonfungible tokens, or NFTs, game Axie Infinity transacted nearly $3.5 billion worth of NFTs in 2021. This accounts for…
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A new report from Cointelegraph Research analyzes GameFi’s bumper 2021 and what will be in store for the future. This March, Cointelegraph Research will release a 30-page report about GameFi — the term used to describe the marriage of blockchain-based games with decentralized finance (DeFi). The report analyzes five popular play-to-earn (P2E) games, the economics…
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Voxies, Smooth Love Potion and MyNeighborAlice overcome the noise to post double-digit gains thanks to protocol updates and a new exchange listing. Crypto markets are taking a beating but there are still a few standout performers even during this week’s volatility. One sector that has managed to rise above the noise are NFT-related altcoins and…
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BLZ is positioning itself for the next GameFi surge by launching its own play-to-earn game and integrating with emerging networks like Cosmos. The cryptocurrency market has had a less than stellar start to the year and it appears that the downtrend that began after the November 2021 market peak has been extended thanks to a…
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This week, Axie Infinity, the blockchain-based online video game crafted by the Vietnamese software studio Sky Mavis, surpassed $4 billion in all-time non-fungible token (NFT) sales. Currently, the play-to-earn (P2E) game launched in 2018 is the third-largest NFT platform in terms of all-time sales. The Sky Mavis Crafted Blockchain Game Axie Infinity Records More Than…
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