Web3 Gaming News Roundup (November 10, 2022)

Jethro Sandico

Nov. 10, 2022

Although the Web3 industry has suffered another setback due to FTX’s collapse, the projects in the space remain resilient as ever. While the crashes are definitely painful, the recent catastrophe was actually not enough to snuff out the blockchain flame. 

Riding the waves of the FIFA World Cup craze are several football (soccer)-themed Web3 games and Non-Fungible Token (NFT) collections from some of the sport’s biggest names such as Neymar and Lionel Messi. Along with FIFA, entities such as Hublot, OKX, The9 Limited, BLOCKSMIT&Co, and Thirdverse, are adding spice to the festive sporting mood in the space as well.

The space in general is not only about fear, uncertainty, and doubt (FUD) nowadays. In fact, blockchain companies and projects continue to secure significant funding from investors, amid all the negativity swirling around. Moreover, Web3 gaming is also filling the space with optimism. Some of the titles that deserve the spotlight today include Age of Rust, Dear Ella, MetaDerby, Pegaxy, Prospectors, and Skyweaver, to name a few.

Let’s take a deeper look at today’s biggest stories in Web3.

World Cup Fever

  • International football governing body FIFA has ramped up its usage of Web3 technology with the release of its first games on the blockchain. FIFA’s latest projects in the space are as follows: AI League, Matchday, Phygti, Uplandme (IGN).

  • Shanghai, China-based internet company The9 Limited announced that its NFT community NFTSTAR is launching a new line of NFTs featuring superstar Brazilian footballer Neymar. The first Beastmode Metaverse drop “JungleVIBES,” which had over 60,000 freemints, paved the way for more incoming releases this week (PRN).

  • According to reports, Argentine football star Lionel Messi is set to join Ethereum-based NFT trading card game Sorare. The Paris Saint-Germain player will be an investor and brand ambassador for the fantasy and digital collectibles project (CNBC).

  • Meanwhile, in Japan, Virtual reality (VR) company Thirdverse and Web3 dev company BLOCKSMITH&Co announced that it has appointed FC Tokyo fullback Yuto Nagatomo as ambassador for Captain Tsubasa Rivals. The project is a blockchain game based on the popular manga/anime series Captain Tsubasa (GP).

  • OKX, the second-largest crypto exchange in the world, also caught the World Cup fever. The platform recently launched its OKX Football Festival. The said event featured the NFT Football Cup, and the 2022 OKX Football Cup Trading Competition, as well as the Earn Super Hatrick token staking segment (GNW).

  • Swiss luxury watchmaker Hublot, FIFA’s official timekeeper since 2006, has unveiled the “Hublot Loves Football Metaverse Stadium.” Drawing inspiration from Hublot’s Big Bang e-watch, the 90,000-seat virtual stadium is considered as the biggest venue in the metaverse to date (LB).

Web3 Gaming News

  • Upcoming Web3 trading card game Kingdom Hunter is slated to launch on WEMIX PLAY on November 15, 2022. Produced by game dev and publishing company RedFox games, the project combines elements of Play-and Earn and strategy games (EUG).

  • Game developer and publishing company Com2uS Holdings recently launched a new mobile Role-Playing Game (RPG) Dear, Ella. The story-driven adventure project is now available on its own blockchain mainnet XPLA (CJ).

  • Avalanche-built racing/breeding game MetaDerby has partnered with top NFT trading card game Splinterlands for a live Twitter Spaces session. The online community event, which will take place on November 11, is also giving away 5,000 $HOOF (MetaDerby’s native token) for participants with the five best questions (TW).

  • Trading card game Skyweaver is holding its “Skyweaver Championship” tournament on November 12, which will feature top 16 players from ‘ranked and conquest’ vying for the top prize. Skyweaver is one of Web3 game developer Horizon Blockchain Games’ projects in 2022 (TW).

  • Oakland, California-based independent game studio Theia Studios has secured $2.4 million in a funding round that involved the likes of Andover Ventures, Arcanum Capital, Mint Ventures, and Taureon, to name a few. The company plans to use the capital for building a modding platform for turn-based strategy games (PRN).

  • Polygon-based breeding and racing game Pegaxy is holding its “Pega Insider 7” as part of its upcoming anniversary special on November 11. The live Twitch stream will provide a recap starting from the project’s launch last year, as well as some upcoming updates and milestones (TW).

Around the Blockchain

  • Hopes of cryptocurrency exchange juggernaut Binance saving billionaire Sam Bankman-Fried’s platform FTX just went down the drain. The Changpeng Zhao-led company announced that they are backing out of plans to acquire the crumbling competitor (CNBC).

  • Pioneering cryptocurrency Bitcoin ($BTC) faced massive losses in value after reports of crypto exchange FTX’s insolvency spread like wildfire. BTC fell below $17,000, causing other tokens in the space to take a plunge as well (D).

  • Crypto exchange Crypto.com has suspended deposits and withdrawals for stablecoins $USDT and $USDC on the Solana blockchain. Solana ecosystem’s native token $SOL was one of the cryptocurrencies that crashed amid the ongoing FTX debacle (WG).

  • Blockchain intelligence firm TRM Labs secured $70 million in a Series B round to support the project’s development and manpower. Investors that joined the fundraise include Thoma Bravo, Goldman Sachs, PayPal Ventures, Amex Ventures, and Citi Ventures, among others (CD).

  • FinTech company Ramp Network has also bagged $70 million in a Series B funding round. The fundraise was led by United Arab Emirates’ state-owned sovereign wealth fund Mubadala, and Paris-based venture capital firm Korelya Capital. Basically, the UK-based startup offers payment infrastructure to connect crypto and traditional finance (CD).

  • The Philippine Web3 Festival is set to take place in Manila from November 14-18. The conference will feature leaders representing blockchain entities and projects such as Animoca Brands, Axie Infinity, Binance, Mirai Labs, Solana, The Sandbox, and Yield Guild Games, to name a few (BSCN).

Project Spotlight

  • 9Lives Arena: 9Lives Arena is a fantasy/fighting MMORPG project powered by gaming and NFT platform Enjin. Basically, the game allows players to create their characters and engage in one-on-one PvP battles.

  • Age of Rust: Set in a dystopian world, Age of Rust is an adventure/sci-fi game that combines elements of RPG and shooter games. The game also allows players to solve puzzles, collect NFT treasures, or team up with other participants, among others.

  • Crypto Unicorns: Collectible PvP racing game Crypto Unicorns is a digital pet collecting game that also offers farming features. Built on the Polygon network, the project allows users to explore a vast “magical” world to discover, collect, and raise unicorns.

  • Prospectors: The makers of Prospectors tout their project as the first-ever MMORTES (Massively Multiplayer Online Real-Time Economic Strategy) game. Built on the EOS blockchain protocol, Prospectors simulates real-world economies and offers various properties to own and utilize, along with activities and opportunities that players can pursue.

  • WAM: Running on the Binance Smart Chain, WAM is a Play-to-Earn arcade platform where players can compete in skill-based games and tournaments to win crypto rewards. As participants progress, they will move up the leaderboard to gain access to higher levels of competition and bigger prizes.

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