In our last issues we have mentioned the steps on how to search for an attractive gaming blockchain, with the 7 pillars of gameFi defining whether a project is good or not. We would also like to share with you the main components which firms should pay attention if they want to stay competitive this year. LACK OF INTEROPERABILITY + SURGE IN THE COST OF PLAYING GAMES + INEFFICIENCY OF BLOCKCHAIN SYSTEMS = FAILED PROJECT
However, Play to Earn companies have already been improving the players’ rewarding mechanisms, with Idle Stoneage as one of our previous examples.
🚘 X Rush - a promising gameFi startup
A strong head start indeed for X Rush. The name of the game suits well considering the current occurrences. KuCoin and some other key partners have splashed $ 10 million USD into this exciting P2E, helping X Rush to rush into new heights.
The project promises to revolutionize the gameFi aspects and scale it up globally thanks to large investments in marketing, branding and providing a more user-friendly gaming experience.
The team plans to do so with the introduction of Unity 3D Engine and compatibility with most web 3 wallets. This could all go well alongside with an attractive gaming theme combining the both aspects of racing and shooting. 🚗 More about gameplay
🌍 Africa with major gameFi adoption after Asia’s success
GameFi is set for another big move ready to disrupt the market. A foundation known as Pan Africa Gaming Group (PAGG), is a merger of 10 companies whose goal is to grow Africa's gaming industry to the next billion players. These companies could not have done this individually because of the total costs in educating the players. Therefore, firms together can create a more significant impact to the industry and exchange different skills among experienced individuals.
Let's also bear in mind that the African market is big, with 400 million internet connected smartphones users, which is more than all of Europe or more than the U.S, Mexico and Canada combined. 🌍 Further reading
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👉 Balancer: an Ethereum, Polygon and Arbitrum - Based Automated Market Maker Protocol
👾 Edenbrawl by Worldspark Studios
Something cool is cooking up in the Worldspark Studios. After having successfully raised $3 million USD in the seeding round, the company is ready to build Edenbrawl, which will include NFT elements to the game.
Edenbrawl has a similar gameplay to the famous League of Legends. The game has been built by top professionals from AAA gaming studios ( Riot Games, Bungie and Blizzard).
This high quality NFT game is also led by the most prestigious investors including Aminoca Brands, Alameda Ventures, AAG Ventures and so on.
Besides the attractive gameplay it offers, Worldspark Studios has also taken well care of rewarding systems within the P2E mechanism. Users will not experience the ‘pay-to-win’ feeling which means that owning a game asset will not become more expensive by the time passing. Edenbrawl will sell NFTs just as accessories, resembling the game of Fortnite, but this time with true ownership and potential interoperability with other games.
🔮 Abrakadabra Games
With the latest investment announcement by Zihni Holding, Abrakadabra Games is one step close to become the Youtube of playable videos. Consequently, Abrakadabra has increased its valuation to $15 million dollars.
Users will have different options in making income encompassing Watch to Earn, Create to Earn and Play to Earn possibilities with View & View X token.
✅ Latest events and fundraisings
Rakuten NFT platform The Jelly metaverse L'Oreal prioritizes NFTs and metaverse WRLD airdrop for NFT holders Karmaverse closes $6 million USD private funding round Cradles closes $5 million USD private funding round Elfworld whitelist application Thetan Arena - reward content creators and viewers Mars 4 listing on KuCoin GamesPad x Aminoca Brands