While the Web3 GameFi sector continued to bleed users in June and see funding rounds slashed, several popular games have kept their token prices and user numbers relatively stable. Additionally, game platform BinaryX reversed its downward trend, creating a rare bear market breakout, while game developer Playful Studios raised a record amount for its battle…
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › We may be chilling in a crypto winter, but don’t tell the gaming industry that. In spite of poor market sentiments, GameFi and Web3 Metaverse projects have continued to attract over US$1.3 billion in recent investments,…
Axie Infinity co-founder and CEO Trung Nguyen recently took to Twitter to inform the community that “nature is healing.” The fall of Axie Infinity At its peak, the Pokemon-inspired play-to-earn game was trouncing the competition. A chart posted by @WuBlockchain, from November 2021 showed Axie Infinity’s revenue was almost 3x higher than the next nearest…
While the coldest crypto winter toppled all areas of crypto, NFTs and blockchain gaming industries remain bullish. NFT trading volumes increased by 23%, while the blockchain gaming industry attracted record investments. The total market cap fell by 34% since the Terra disaster, which pushed the market into a winter. Since then, all areas of crypto…
One of the biggest changes to the crypto market today compared to the last bear market is the different types of assets that exist. Instead of choosing between Dash, Litecoin, Ethereum, Bitcoin, etc., people can invest in NFTs and plots of digital land in the metaverse. Common sense indicates that these new, experimental assets are…
No Man’s Sky player community reacted to the game’s shortcomings by inventing and implementing their own in-game cryptocurrency. The Hub Coin runs on the Ethereum testnet Goerli, has no real-life value, and can’t be exchanged for real money. However, the community doesn’t mind. In fact, they want it to remain worthless. A member of the…
After being offline for almost three months, Axie Infinity announced that Ronin Bridge is going live again with more security. The Ronin Bridge is open! • All user funds are fully backed 1:1 by the new bridge.• The bridge has undergone an internal audit and two external audits.• We are still on track to release…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Since April, the cryptocurrency market has been in a severe downturn. Bitcoin is down by 70% from all-time highs, while Ethereum is down 80%. Whole ecosystems, like Luna, have been obliterated, and dozens of altcoins and GameFi tokens have lost nearly…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The popular move-to-earn app STEPN reportedly has over 3 million users, yet the price of its governance and reward tokens are in free fall. Is this the end of move-to-earn or a return to the mean after an overinflated price point…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Months after the exploit that led to the theft of over $600 million, Axie Infinity developers Sky Mavis will finally reimburse users and restart the Ronin bridge exploited in the attack, Bloomberg reported. The developer expects to start reimbursing affected users…