Gaming

Top 3 Web3 Gaming Projects Of 2023: Axie Infinity, DigiToads, And CryptoKitties

Published

3 weeks ago

March 12, 2023

Top 3 Web3 Gaming Projects Of 2023: Axie Infinity, DigiToads, And CryptoKitties

Web3 is revolutionizing the gaming world with its decentralized platform allowing unprecedented player ownership, control, and creativity. The blockchain technology underlying Web3 provides a secure, transparent, and tamper-proof environment for gaming assets, enabling players to truly own their virtual assets and participate in decentralized gaming ecosystems.

With so many exciting projects emerging in this space, it can take time to keep track of the best ones. That’s why we’ve put together a list of the top 3 Web3 gaming projects of 2023: Axie Infinity, DigiToads, and CryptoKitties.

DigiToads

DigiToads is a novel and engaging web3 gaming experience in which users can collect one-of-a-kind digital toads. These toads can be purchased, traded, or won through various in-game competitions and events. After each season, the top 25% of players on the leaderboard receive TOADS tokens as a prize for their participation in the community.

Additionally, the game incorporates NFT staking pools, where the longer you stake NFTs, the greater the prizes you gain. Monthly on-chain trade tournaments are held, with Platinum Toads as the rewards. Platinum Toads allow players to trade on the treasury and grant 10% of all trading proceeds to the treasury, making them a highly sought-after item within the DigiToads ecosystem.

DigiToads sets the benchmark for web3 games with its innovative combination of gameplay and NFTs and offers consumers a fully immersive and entertaining experience.

Buy DigiToads Now

Axie Infinity

Axie Infinity is a decentralized gaming platform where players can breed, raise, and battle fantasy creatures called Axies. The platform leverages the Ethereum blockchain to give players actual ownership of their Axies and the ability to participate in a thriving player-driven economy. Axie Infinity has been praised for its beautiful graphics, engaging gameplay, and vibrant community.

CryptoKitties

CryptoKitties is another decentralized collectible game where players can collect, breed and trade digital cats. The game, built on Ethereum, has been credited with popularizing the concept of non-fungible tokens (NFTs) and has inspired many copycat games.

CryptoKitties features a vibrant community of players who have collected over a million unique digital cats, making it one of the most popular and successful Web3 gaming projects.

The bottom line

These top 3 Web3 gaming projects are paving the way for a new era of gaming that prioritizes player ownership, control, and creativity. Whether you’re a fan of breeding fantasy creatures, collecting digital toads, or willing to make massive gains, there’s something for everyone in the exciting world of Web3 gaming.

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The post Top 3 Web3 Gaming Projects of 2023: Axie Infinity, DigiToads, and CryptoKitties appeared first on Analytics Insight.

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Art

Non-Fungible Token Sales Slid 31% Lower In March With $882 Million In NFT Sales

Published

4 hours ago

March 31, 2023

Jamie Redman

Non-Fungible Token Sales Slid 31% Lower In March With $882 Million In NFT Sales

According to statistics, the number of non-fungible token (NFT) sales in March was 31.42% lower than the previous month, dropping from $1.03 billion in sales for February to $882.89 million. The number of NFT buyers and transactions also declined, by 22% to 29%, over the last 30 days.

March NFT Sales Slow, Ethereum Sales Dominate by Over 60%

In March, sales of non-fungible tokens (NFTs) dropped by 31% compared to the previous month, as the number of buyers and transactions declined. Data shows that in February, NFT sales reached $1.03 billion, but statistics for the last day of March indicate that sales over the last 30 days amounted to $882.89 million. Of these sales, $537.89 million were settled on the Ethereum (ETH) blockchain, which dominated March sales with more than 60%. Solana-based NFT sales accounted for 10.57% of March sales, with $93.36 million recorded.

30-day NFT sales volume according to cryptoslam.io metrics on March 31, 2023.

In terms of NFT sales, Solana was followed by Polygon ($36.16 million), Immutable X ($28.82 million), and Cardano ($10.08 million). The top-selling NFT collection in March was Bored Ape Yacht Club (BAYC), which generated $35.81 million in sales, although this figure represented a 48.19% decline from the previous month. Cryptopunks was the second largest NFT collection in terms of sales, with $30.11 million, an increase of 87.95% compared to February.

According to statistics from cryptoslam.io, the Bored Ape Yacht Club (BAYC) and Cryptopunks NFT collections were followed by Otherdeed ($29.20 million), MG Land ($25.71 million), and HV-MTL ($18.59 million). Among the top ten NFT collections, Degods saw a 70.53% increase in sales in March compared to February, just below the 87.95% increase that Cryptopunks experienced over the same period. Other notable collections that saw increases in sales this month include Y00ts, Claynosaurz, and Whiko NFT.

The most expensive NFT sales this month were Azimuth Points #236, which sold for $704,000, followed by Bored Ape Yacht Club (BAYC) #5,116, which sold for $689,000, and Fidenza #971, which sold for $561,000. BAYC #2,062 sold for $557,000 five days ago, while Fidenza #395 sold for $547,000 just over a month ago. According to 30-day statistics, no NFTs sold for over a million dollars in March. According to Dappradar.com and Dune Analytics, Blur dominated sales with over 70%, while Opensea captured 19.9%.

Tags in this story

Art, Azimuth Points, Blockchain, Bored Ape Yacht Club, Buyers, Cardano, Claynosaurz, collectibles, Cryptocurrency, cryptopunks, culture, dappradar.com, data analysis, Degods, Digital Assets, Dune Analytics, Ethereum, Fidenza, Finance, Gaming, HV-MTL, Immutable X, investment, market, market analysis, Market NFT sales, Market Trends, MG Land, NFTs, Non-fungible tokens, Opensea, Otherdeed, Polygon, sales, Solana, Statistics, technology, transactions, Virtual World, Whiko NFT, Y00ts

What do you think caused the decline in NFT sales and transactions in March, and do you believe this is a temporary setback or a sign of a larger trend? Let us know your thoughts in the comments below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Gaming

The web3 gaming evolution – tokenomics, community, gambling & the future – SlateCast 57

Published

4 days ago

March 27, 2023

Liam Akiba Wright

The web3 gaming evolution – tokenomics, community, gambling & the future – SlateCast 57 Liam ‘Akiba’ Wright · 47 seconds ago

How Undead Blocks is pushing the gaming industry forward with sustainable tokenomics and user-friendly experiences

28 min watch

Updated: March 27, 2023 at 4:38 pm

In the latest episode of the SlateCast, Akiba was joined by Grant Haseley, Executive Director of Wagyu Games, the creator of web3 shooter Undead Blocks.

The Shift from Play-to-Earn to Play-and-Earn

As the Web3 gaming industry grows, the focus shifts from traditional play-to-earn models to more sustainable and engaging play-and-earn experiences. With games like Axie Infinity facing issues due to their dual token economy, it becomes essential for game developers to create more sustainable tokenomics models that focus on revenue sharing and engaging gameplay. One such game, Undead Blocks, aims to provide players with a social experience through its unique weapon skins and cosmetics while offering sustainable play-to-earn opportunities.

Creating a More Accessible Web3 Gaming Experience

To thrive in the Web3 gaming landscape, developers must make their games accessible to a broader audience. Undead Blocks achieves this by being chain agnostic, skill agnostic, and platform agnostic. As a result, players can enjoy the game on PC, Mac, and soon on mobile devices without needing a wallet or any prior knowledge of blockchain technology. Furthermore, by allowing players to earn in-game assets without spending any money and offering an immersive social experience, Undead Blocks is setting a new standard for Web3 gaming.

Innovative Tokenomics for Long-Term Retention

One of the challenges in Web3 gaming is retaining players, especially when financial rewards are involved. With a team of experts, including a fully credentialed actuary, Undead Blocks has implemented actuarial techniques in its tokenomics model to ensure sustainable rewards for players. By carefully analyzing player withdrawal history and probabilities, the team has created a model that keeps players engaged and rewarded without causing hyperinflation or unsustainable growth.

Addressing Potential Gambling Concerns

As Web3 gaming and digital asset ownership become more mainstream, concerns surrounding potential gambling issues, especially among younger players, must be addressed. Undead Blocks takes a proactive approach by requiring players to be 18 or older and offering a clear path to earn in-game assets without spending any money. In addition, by providing a fun and engaging experience, Undead Blocks aims to create a positive environment for players while minimizing the risks associated with gambling.

Embracing the Power of Community in Web3 Gaming

A critical factor in the success of Undead Blocks is its strong focus on community engagement, with the game’s developers actively participating in Discord channels and being accessible to players. By listening to player feedback and implementing their ideas, the game fosters a sense of brand loyalty and creates a dedicated player base. This community-driven approach helps retain players and sets Undead Blocks apart from traditional Web2 games, where developers often remain distant and inaccessible.

Paving the Way for the Future of Web3 Gaming

Undead Blocks is leading the way in the Web3 gaming industry with its innovative tokenomics, accessible gameplay, and a strong focus on community engagement. By providing a sustainable and enjoyable gaming experience, the game is setting a new standard for the future of Web3 gaming. As more developers follow suit, the industry has the potential to revolutionize the gaming landscape, providing players with greater asset ownership, rewards, and a more immersive experience.

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Magic Eden eyes growth in web3 gaming following launch of Magic Eden Games

Published

1 week ago

March 23, 2023

Liam Akiba Wright

Magic Eden eyes growth in web3 gaming following launch of Magic Eden Games Liam ‘Akiba’ Wright · 5 hours ago · 2 min read

Magic Eden Games, the innovative gaming hub empowering web3 game developers, offering NFT marketplaces for an unparalleled gaming experience.

2 min read

Updated: March 23, 2023 at 11:03 am

Cover art/illustration via CryptoSlate

The cross-chain NFT marketplace Magic Eden has launched its long-anticipated gaming hub, Magic Eden Games, following an announcement on March 22.

Magic Eden Games is on a mission to assist gamers in uncovering the finest web3 gaming experiences. Every game on their platform is given a dedicated “explore game” page, which includes a detailed description of the game and the studio behind it, captivating videos, and an NFT marketplace specific to the game.

Chris Akhavan, Magic Eden’s Chief Gaming Officer, commented,

“Magic Eden Games continues to drive growth for leading web3 games studios… We look forward to continuing to fuel the growth of the entire web3 gaming ecosystem[…]
Game developers can leverage our platform to acquire new player communities, share game updates, document their game’s milestones, and tap into significant revenue opportunities through the best marketplace experience in all of web3.”
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In addition, this is not the first push by Magic Eden to empower the web3 gaming space, as it recently launched Mint Madness — a campaign allowing multiple web3 gaming NFTs to be minted for free on Polygon, Solana, and Ethereum. The Mint Madness campaign highlights the potential for NFTs in the gaming industry by offering new onboarding methods for game studios.

Further, the NFT marketplace partnered with Polkastarter Gaming to add value to the web3 gaming community by syndicating content and reviews on the Magic Eden platform.

A core part of Magic Eden’s messaging is focused on supporting web3 game developers. The new gaming hub intends to provide a platform for web3 game developers to grow their brand recognition, player base, and community while offering rewards for engagement.

Furthermore, studios can “generate revenue by minting collections on the Magic Eden Launchpad and the secondary marketplace, where creator royalties are enforced on all chains.”

The Magic Eden team described the launch of the gaming hub as “a labor of love from our games team.” It also expanded on direct involvement in the gaming industry, stating that “after launching 70+ projects & investing in a dozen studios, we’re honored to help games shine even more w/ our dedicated hub.”

Ultimately, Magic Eden’s launch of a hub for web3 game developers is significant for the growth of the web3 gaming ecosystem. Pushing away from centralized services continues in favor of decentralized marketplaces — offering more control for gamers.