The inaugural Gam3 Awards hosted by Polkastarter Gaming is approaching fast. CryptoSlate is now able to reveal the official nominees for each category. For example, Illuvium from Immutable X has been shortlisted for five awards, including Game of the Year. Further, equally impressive, Big Time from Big Time Studios is up for four awards and…
Renowned blockchain gaming firm, Cross The Ages (CTA), has announced Square Enix, a role-playing video gaming company, as a strategic investor in its project. Square Enix, with this development, joins the growing list of investors, including Ubisoft and Animoca Brands, who have embraced the gaming project. With the addition of Square Enix, CTA will work…
The creator of Magic: The Gathering card game Richard Garfield has launched a new Player versus Player game for the non-fungible token project, Blockchain Brawlers, according to a press statement shared with CryptoSlate. Blockchain Brawlers is a play-to-own game based on the WAX blockchain, created by Tyranno Studios. Adding a new PvP card game will…
Reddit may have cracked the formula for onboarding new users into web3, according to a new report released by DappRadar on the behavior of the blockchain industry. Further, 94% of adults with “discretion to household money” are now aware of cryptocurrencies. The report stated: “The ease of onboarding new users to the world of NFTs…
Levan Kvirkvelia from on-chain analytics platform Cluster reached out to CryptoSlate to share his findings from analyzing over one hundred “web3 services.” Cluster, which is still in beta, analyzes data from critical blockchain services, including user retention, bot activity, and active user numbers. The platform currently supports Polygon and BNB Chain. The data from Cluster…
After a late-summer rally, the crypto markets pulled back in September, bringing many metrics related to the health of the GameFi industry down with it. The amount of volume passing through GameFi protocols reached historic lows Investment still remained sideway Very few new GameFi projects were launched On the other hand, the number of active…
Move-to-earn gaming company STEPN (GMT) on Oct. 13 denied claims of laying off staff. A spokesperson from STEPN reached out to CryptoSlate to clarify the rumors of layoffs. The spokesperson stated: “We deny the rumor that STEPN has been laying off staff due to the bear market. These are baseless claims that are factually inaccurate….
Move-to-earn gaming company STEPN (GMT) will lay off over 100 of its staff, including MODs and ambassadors, according to WuBlockchain, who cited community sources. STEPN’s parent company, Find Satoshi Lab, will also reduce investments in STEPN to focus on promoting itself and upcoming new projects, like the new NFT exchange platform, Find Satoshi Lab is…
Gensokishi, the Japanese web3 MMORPG based on the Nintendo and Playstation 4 game Elemental Knights, was up 26% in September amid a rebrand. The project has repositioned itself as the GENSO metaverse, with the game now being a part of a larger metaverse. The native token, MV, hit a low of $0.20 on Sept. 19…
Korean-based blockchain Klaytn has launched an initiative to allow Web3 gaming companies to build on its network to offset gas fees for gamers. Unlike traditional games, gamers in Web3 need to purchase cryptocurrency to pay for gas fees before playing a game. Moments of high network activities such as the OtherSide NFT mint have seen gas…