The world of Web3 gaming continues to evolve at a rapid pace, with new developments and announcements emerging almost daily. Here's a summary of some key news from the past week:
1. Immutable Eliminates Gas Fees for Web3 Gaming
Immutable, a leading blockchain technology company, announced that its zkEVM blockchain has successfully eliminated gas fees for Web3 gaming. This is a major breakthrough for the industry, as gas fees have been a major barrier to entry for many players.
2. Sony and Startale Labs Form New Blockchain Company
Sony and Startale Labs, a Web3 gaming company, have formed a new joint venture to create “killer web3 use cases.” The new company will focus on developing and publishing blockchain games, as well as exploring other Web3 opportunities.
3. NFL Rivals Becomes First Web3 Game on App Store
NFL Rivals, a blockchain-based trading card game, has become the first Web3 game to be featured on the App Store. This is a significant milestone, as it suggests that Apple is becoming more open to Web3 applications.
4. Web3 Gaming Studio Mythical Games Lays Off 10% of Employees
Mythical Games, a leading Web3 gaming studio, has announced that it is laying off 10% of its employees. The company cited economic uncertainties as the reason for the layoffs.
5. Over 7,000 Players Converge in Yuga Labs' Otherside Metaverse
Thousands of NFT holders participated in the second “Trip” to Yuga Labs' Otherside metaverse last weekend. The gamified experience gave players a glimpse of what to expect from the virtual world, which is expected to launch later this year.
6. Gaming Blockchain Oasys Launches Web3 Wallet and Partners with Lootverse
Gaming blockchain Oasys has launched its web3 wallet, Oasys Passport, and partnered with Lootverse, a fully on-chain ecosystem. The partnership will allow Lootverse users to store and manage their NFTs on the Oasys blockchain.
7. Krafton Partners with Circle and AngelHack to Launch Cosmos-Based Blockchain Settlus
Krafton, the South Korean gaming giant behind PUBG and Fortnite, has partnered with Circle and AngelHack to launch Settlus, a new Cosmos-based blockchain. Settlus is designed to be a transparent settlement system for the creator economy, and it will use the USDC stablecoin for transactions.
8. Nine Chronicles Developer Planetarium Announces Two New RPGs
Nine Chronicles developer Planetarium has announced two new RPGs: Verse8 and Immortal Rising 2. The games will be developed for the Nine Chronicles blockchain and will feature play-to-earn mechanics.
9. Big Blockchain Game Reports 31% Web3 Games Discontinued
A new report from The Big Blockchain Game List has found that 31% of Web3 games have been discontinued. The report cites a number of reasons for this, including high gas fees, a lack of user adoption, and poor game design.
10. Web3 Platform Offers Digital Passports With Insurance Component
Vaultik, a Web3 platform, has announced a new service that provides digital passports for luxury goods. The passports come with an e-certificate of ownership and on-chain insurance, which protects against counterfeiting and theft.
These are just a few of the many exciting developments in the world of Web3 gaming. As the technology continues to mature, we can expect to see even more innovation and growth in this space.