The gamified future of the blockchain economy
DappRadar │ Immutable │ Magic Eden │ Gala Games │ Elrond
Here are more positive news in the gameFi sector amidst the general extreme fear in the crypto space overall. According to the trustful source of Dapp Radar, GameFi is bringing more optimism in the space even during the bear market. There were 1.15 billion active gaming wallets, which is just 5% lower than in April.
Furthermore, the report has also emphasized 4 main play to earn projects that delivered positive impacts to the community during the month of June due to their major events.
Immutable Developer & Venture Fund
Another positive catalyst that is helping to accelerate the adoption of Web3 games and other projects is the latest Immutable Developer & Venture Fund worth $500M. The time span of the funding is planned for 4 years with average investment size from $100,000 to $ 500,000.
Magic Eden by Solana secures more funding
NFT marketplaces are also gaining the very much needed fresh round of funds, this time with the $130 million injection to Magic Eden by Avichal Garg, managing partner at Electric Capital, and other participants including Lightspeed Venture Partners, Paradigm and Sequoia Capital.
The partners are not too worried about over-investing in the project because their prediction is that these types of macro trend uncertainties and volatility last within the time frame of 18-24 months and not 5 or more years.
Gala Games unveils several new projects
When Gala Games has some major news coming, then we know that the powerhouse has multiple meaningful announcements to make at once.
While some gameFi companies are focusing on producing the one perfect game, Gala Games is showing what it takes to become a creator and producer of blockchain games.
Not only has Gala Games built new games but also managed to expand its ecosystem by putting themselves into the film and music industry.
Therefore, Gala Games has 4 new fresh games built out of the box. So let’s welcome Freestyle Football 2, Champions Arena, Forever Winter and Betwixt NFT.
Do not miss the public sale of Betwixt NFT on the 12th of July.
P2E Game Cantina Royale on Elrond-based Maiar Launchpad
Cantina Royale has a few reasons to celebrate as it becomes the first real-time P2E shooter game deployed on the Elrond blockchain. The registration for the NFT drop and IDO opened yesterday on the 22nd of June.
It is also a free-to-play style, lowering the entry barrier for players. Cantina Royale will also benefit from the Maiar’s Launchpad, since its carbon negative, user-friendly and additional benefits from the network’s fast settlement and efficiency.
This IDO is special because it distinguishes from other IDOs. It is the first time ever where both the token IDO and NFT drop are embodied as a bundle sale. The token IDO will be sold at $0,04, while the Genesis Space Ape NFT collection will be listed both on the Maiar launchpad (5000 units) and publicly (10,000 units).
It is relevant to explain the unique benefits of this NFT collection. Space Ape NFT holders will earn 1% of all in-game earnings from their future generations descending from it. Other attractive features include lending and recruiting to generate more NFT offspring.
More awesome news
Outer Ring MMO to launch 20M randomized generative NFT weapons
OVER partners with Sandbox to launch the NFT NYC Treasure Hunt
Splinterlands (SPS) Launches its Dedicated Round-the-Clock Channel on Twitch
MonkeyLeague, Buff Gaming Partner to Bring Web2 and Web3 Together
EX Sports to drop ‘Belgium Edition’ Urbanball Mystery Boxes exclusively on Binance NFT
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⚠️ Disclaimer: Information is for educational purpose and not financial advice