Tenthplanet Unveils Two Ambitious Blockchain Games

While this article focuses on a wide scope of crypto gaming topics, we would be remiss if we didn’t first discuss perhaps the world’s most popular play-to-earn blockchain-based game, Axie Infinity. Chen took the money and started TenthPlanet to make a series of new games to take advantage of Web3 technology, which uses the blockchain to authenticate unique digital items. TenthPlanet has more than 100 game developers working on Unreal Engine and Unity titles with triple-A production values, Yeung said in an interview with GamesBeat. The company is working on some ambitious games including Mech Angel, a massively multiplayer online role-playing game inspired by Genshin Impact, and a digital cat metaverse dubbed Alien Meow. Lets players raise and level up their titular MicroPets, which are NFTs, in the play-to-earn and build-to-earn economy. Currently, players can play the mobile side-scrolling runner game with their MicroPets to dodge enemies and earn coins.

• These 10,000 rare eggs have all already been unlocked through mining, meaning new players cannot find them in-game, but they can still buy them on the secondary market.
• The game allows users to utilize its builder tool to create original art, challenges, and scenes, as well as allow them to participate in events and prize competitions.
• He believes it will go well because the team has a history of making hit games, including One Piece, Fighter of Destiny, Three Kingdom, Project Ragnarok, and Heroes of Storm.
• When your island goes public, you are able to share it with the others in Hash’s community.
• In this metaverse-like game, LAND owners can do whatever they want with their property and get a vote on governance issues within their districts to guide the future of the community.
• Has players send out their team of wombat adventurers to find the NTF treasures they have hidden in dungeons.

Leading Solana-based platform Magic Eden has collaborated with Genopets to launch the first SFT marketplace for in-game items. GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you — not just as a decision-maker at a game studio, but also as a fan of games.

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No, I’m not speaking of microtransactions to get players to fork over money to gain 50 levels unfairly. Most games have a direct play-to-earn element whereby players can transfer in-game effort, activity or items into cryptocurrencies. Oracles, however, won’t be the only software product utilized by the rapidly growing crypto and blockchain gaming industry. If there’s a common thread between almost all blockchain and crypto games, it’s NFTs. Most of these NFTs are static, meaning that they stay the same over time. However, dynamic NFTs, NFTs that can change over time or due to outside circumstances, may begin to grow increasingly popular.

Each player becomes somewhat of a developer of the ‘chain’, without the need for a dedicated server for multiplayer play. Originally billed as a mash-up of Minecraft and No Man’s Sky, Hash was Ubisoft’s first foray into blockchain gaming. Imagine blocks representing different aspects of a data transaction all tied up together securely. In short, it will fundamentally change the business model that affects gaming. With blockchain becoming increasingly prevalent, especially through the advent of Bitcoin, blockchain gaming can easily become a phenomenon itself. MetaWorld Entertainment will bring concert events and immersive Web3 gaming experiences to the metaverse in 2023.

Crypto and blockchain gaming is perhaps the fastest-growing and most exciting trend in both the video gaming and the blockchain industries. The crypto gaming industry generated an estimated $321 million in revenue in 2020, and exploded in 2021, with some gaming tokens ballooning to billions blockchain Trends of 2022 of dollars in market capitalization. Battles require energy and RACA, the in-game token, and winning a battle earns the Metamon experience and the player egg fragments. Experience allows the Metamon to access higher-level battles and upgrade their level to increase their fighting ability.

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It mashes up different types of gameplay like auctions, micromanagement, combat, and much more. Are there going to be times where it resembles Rust, where the players go haywire and just kill everyone they see on sight? Sure, that seems to be an unfortunate staple in multiplayer gameplay.

Despite this, in the last year, crypto gaming guilds have exploded and have even been funded by real-world VCs. Traditionally, video game economics has been a one-way street; players buy games, purchase gaming subscriptions, and pay for in-game items, with all profits and revenues going to the game creator. Blockchain and crypto gaming, however, is attempting to turn that economic model on its head by allowing players to gain significant economic rewards by engaging in consistent play. There are adventures and quests to go on, lands to explore, other players to battle and heroes to upgrade. Heroes and their buffs are NFTs that can be bought and sold in the in-game marketplace.

Other executives include Tony He, head of technology, and Vanessa Tso, the blockchain lead. MetaBeat will bring together thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA. Horses, racing silks , stables and land all represent different types of NFTs within the game that can be traded. You’ll venture to different solar systems, look for resources, and even battle pirates. It promises true freedom, and it reminds me of gaming greats like Wing Commander and EVE Online.

TenthPlanet’s Alien Mews cat metaverse is coming.Alien Mews is a digital cat life simulation metaverse. It’s a digital cat breeding and nurturing world being built with Epic Games’ Unreal Engine 5. It’s a virtual pet game that allows gamers to try to generate in-game value from breeding, much like CryptoKitties. The company has poured about $2.5 million into the game so far, Yeung said.

Welcome To Decentraland

As players explore, they can find NFT items to help improve their heroes — themselves NFTs — and trade with others. Players play to earn, winning “smooth love potions” with successful battles. Players can then use those potions to breed their Axies to create new ones. These can be sold to other players or new prospective players, or used for battles by the breeder. In games with land NFTs, land often functions as a governance token, meaning these games return players to a time when only landowners could vote.

In addition, Decentraland’s controlling MANA token, the smart contract of which has been thrown away, allowing full community governance. Financefeeds.com needs to review the security of your connection before proceeding. The first fully decentralized world, Decentraland is controlled via the DAO, which owns the most important smart contracts and assets of Decentraland.

Those with LAND can populate their plots with what they have built and can sell those items to other players. With each sale of LAND, the fungible in-game currency MANA used in its sale is burned, reducing the fixed supply. Cryptocurrency platform Binance in October 2021 launched its new Initial Game Offering arm to enable investments in NFT gaming projects. Helen Hai, head of NFT and fan token at Binance, predicts that with the rise of GameFi, traditional free-to-play developers will go into blockchain games. While these NFTs can be resold, they will not be dynamic and will not impact gameplay, which could reduce their popularity, as NFTs directly impact gameplay in many, if not most, blockchain and crypto native games. Specifically, the approaches in blockchain gaming are mainly in transactions of assets in the game.

The important thing is the potential for blockchain is all there. The involvement of industry giants like Ubisoft is a great sign of things to come. While there may be hurdles, if blockchain has caught the attention of heavy hitters, there has to be some potential there. Okay, so as rosy and cool as this idea seems, is it catching on?

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Join gaming leaders live this October in San Francisco to examine the next big opportunities within the gaming industry such as esports,user-generated content, influencers, and more. Now blockchain tech will enable players to trade seamlessly with transparency, he said. Rain is a character in Mech Angel.Yeung said the company has begun raising funding from external game companies. He believes it will go well because the team has a history of making hit games, including One Piece, Fighter of Destiny, Three Kingdom, Project Ragnarok, and Heroes of Storm. The animated world is similar to Genshin Impact’s anime style, and it features young women fighting Japanese-style mech robots.

(2021, Nov.) A plot of digital land just sold for $2.3 million on Axie Infinity, as the real-estate race heats up across the metaverse. Flow currently supports some of the largest NFT marketplaces and products, including NBA Top Shot Marketplace, CryptoKitties, and Dr. Seuss and UFC’s digital collectibles. https://xcritical.com/ In addition to generating funding through its popular SAND token, the Sandbox has also attracted a significant amount of institutional investment. In November 2021, SoftBank led a $93 million funding round for the Sandbox. Like Decentraland, The Sandbox is built on the Ethereum blockchain.

Decentralized with hubs in Toronto, Montreal, Vancouver, US, Brazil, Mexico, Jamaica, Spain, Ireland, Croatia, Poland, Czech Republic, Turkey, Nigeria, India, UAE, Philippines, the Sun, the Moon, and the Sky. The game is currently in early access with the public release date set for April 27.

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Gamers are accustomed to interacting in a virtual world with game assets such as skins or power-ups. Players can potentially win tokens or NFTs and trade them or sell them on marketplaces for fiat money. Whether NFT issuances increase user excitement or provoke gamer backlash may largely be a function of how they operate within the gaming ecosystem. If NFTs, tokens, and cryptocurrencies are seen to increase financial incentives for users, such as in play-to-earn gaming models like Axie Infinity, they will probably be seen as a net gain for users. Some analysts believe that guilds, instead of games themselves, will be the real power players in the new crypto-gaming metaverse, as their endorsement of major guilds could make or break games. This leverage may help ensure that crypto and blockchain games remain fair and profitable for players, particularly with regards to tokenomics.