Gaming is on track to boost the adoption of DeFi platforms. Here is a look at the latest developments that are pushing the play-to-earn business model.
Nowadays, games have become a new way to gain some money in combination with a pleasurable pastime, though not a lot of it. For digital money lovers, there are cryptocurrency games with Bitcoin, Ethereum, etc. Some games do not require any investments from the gamer while some need an initial amount to play, which is frightening for many gamers. It’s no wonder that there are already many scams within the crypto-gaming industry. To avoid becoming a victim of one, a future game player should look closely at the ratings, reviews, dynamics and even the design of the game in order to be sure of the security of the account, money and private information. Not long time ago, smartphone games began to appear on both iOS and Android. To become a user of such applications, it is usually necessary to register a Bitcoin account. After that, the user should be careful in submitting all his/her data and should follow the rules.
"Celebs really think they can come into an industry they know nothing about, never interact with the community, then launch a scam project they’ll abandon in three months?” questioned Twitter user 0x_fxnction.7320
The blockchain game developer is looking to improve cross-chain utilization of nonfungible token assets via its investment in Bondly.5415
Yuga Labs auctioned off collections of Bored Ape Yacht Club and Bored Ape Kennel Club NFTs that generated $24 million and $1.83 million, respectively.13964
Decentralized finance and gaming represent two of the biggest trends within the cryptocurrency and blockchain industries.14253
Play-to-earn is booming, with startups Crypto Gaming United and Zebedee closing funding rounds of $5 million and $11.5 million, respectively.9222
NBA star Stephen Curry snapped up a Bored Ape Yacht Club NFT worth $206,000, while Vine co-founder Dom Hofmann unintentionally created an NFT craze.5491
Larva Labs’ blockchain-created IP is set for Hollywood after the firm signed a representation deal with United Talent Agency for CryptoPunks, Meebits and Authoglyphs.14643
Attractive staking options, gameplay teasers and the overall strength of the NFT sector back the massive rally seen in ILV price.19376
Vogue Singapore has tokenized its front covers, Animoca Brands expanded its investment portfolio and acclaimed producer Rob Weiss has signed up to direct a crypto series.1899
The Philippine government is yet to determine whether Axie’s in-game NFTs should be classified as securities or currency.9111
Cryptocurrency exchanges have identified esports as a potential growth driver. The industry has experienced significant growth in recent years as leagues look to monetize the competitive nature of video games.2014
An Australian TV show is auctioning off an NFT that will see the winning bidder become part of the show next season, while sporting icons Mike Tyson and Lionel Messi have entered the NFT arena.7894
The surging popularity of NFTs is pushing play-to-earn NFT games to experience even greater adoption.14718
Funfair Technologies-owned KingTiger Casino is now on the lookout for new solutions for hosting “a new range of features and games” for its participants.14092