Alex Connelly says the technology provides “very cool storytelling opportunities.” The creation of smart contracts and Web3 interfaces has led to an entirely new play-to-earn or nonfungible token (NFT) genre of video games. But during the 2021 crypto bull market and subsequent crash of 2022, many of the games in this niche went through incredible…
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Game7, a blockchain gaming-focused DAO (decentralized autonomous organization) has announced the launch of a $100 million grants program. The objective of this grants program is to support the Web3 gaming community in these times of market downturn and to advance the adoption of blockchain gaming on several chains. Game7 to Support Blockchain Gaming With $100…
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Users who have the most ability to profit from the crass profiteering mechanisms are those who use automated systems to “play” the games. Think back to the communities you’ve been genuinely excited to be a part of throughout your life. It’s likely these were groups formed on the basis of shared interests, right? That’s because…
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Professional esports organization TSM has suspended its partnership with FTX and dropped ‘FTX’ from its name. And it’s far from being the only company to end ties with the collapsed crypto exchange. Per the TSM announcement, the FTX branding will be removed from player jerseys, as well as from all media profiles owned by the…
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A newly published patent suggests that the gaming giant Sony PlayStation may use non-fungible tokens (NFTs) in-game – or at least they’re looking into it. Microsoft’s XBOX, meanwhile, seems to be looking in the opposite direction. Sony’s patent is titled “US20220358450 – Tracking Unique In-Game Digital Assets Using Tokens On a Distributed Ledger”. Notably,…
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Contrary to what you might believe, monetary rewards in gaming are bad for player retention. Developers need to take player psychology and game design into account. When I worked for Riot Games as its head of player acquisition in the European Union, I learned about player onboarding and long-term retention. Both are crucial to the…
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