Google Play Store officially allows NFT games, but not gambling ones
The store’s team said games can offer NFTs for sale or to earn, but developers must declare this feature in their game’s descriptions and must not allow gambling.
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Značka: NFT games
Nifty News: Pixel Penguin accused of ‘charity rug,’ Epic adds new NFT games and more…
Epic Games is steaming ahead with plans to list NFT games on its store, while the second 3AC NFT auction on Sothesby’s is slated to take place this month.
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NFT games are ‘only scratching the surface' of what's possible — Animoca's Yat Siu
Animoca Brands co-founder Yat Siu believes nonfungible token (NFT) games are only scratching the surface of what’s possible and predicts completely new models of gaming will be developed as a result of digital ownership.Speaking to Cointelegraph, Siu likened the potential growth of NFT gaming to mobile phone gaming, which started out relatively niche and clunky in its formative stages before rocketing to become the most popular method of gaming across the globe. “Mobile gaming brought a form factor of a type of game that we’ve never seen before, you know, one-hand play and that kind of stuff, and innovations around how you play with AI [artificial intelligence]. Because of the fact that you have this limited form factor, it became the most popular form factor in gaming,” he said. Siu commented that while many blockchain games themselves also have a clunky experience at this stage, the whole sector is still quite new. As such, it is only a matter of time until more advanced models are created that are designed around the ideas of digital ownership, interoperability and economic utility for the user. “With NFT games, we’ve only really scratched the surface. Everyone’s very focused on ownership. […] I think it’s going to mushroom into everything and we’re going to see new kinds of game formats emerge because of the ownership that we weren’t able to do before.”In the interim period, Siu pointed to metaverse gaming platforms and massively multiplayer online games as models that fit well with NFTs, as you “can trade items and you have deep levels of economic design” that make sense. The Animoca co-founder also argued that many current users are willing to accept that the blockchain gaming experience is not necessarily smooth at this stage. He suggested that this was because they are aware of the significance of being able to own a stake in the games, as opposed to the traditional model in which people sink capital into games that they can never retrieve. “I mean, when you think of this [blockchain games], you could say it’s a UX [user experience] nightmare. But because of ownership, people put up with it not just because it’s valuable, but because it’s meaningful because this is my land, this is my car.”Asked when NFT technology will get to a point of seamlessness that even a grandmother can use it without being aware of it, Siu emphasized this would likely be through the widespread tokenization of physical things, NFT integration with commonly used services and how people interact with each other. Related: Blockchain games and metaverse projects raised $1.3B in Q3: DappRadarHe outlined that as the world continues to become more digitally focused, children will of course want digital things. “Grandma is probably going to buy a digital item for their grandchildren as a way to not just as a gift that’s relevant to them, but also as a way to interact,” he said, adding that vice versa, a grandchild could even gift their grandmother a digital illustration that they drew. “We’re going to have a digital world. These digital artifacts and art and creativity and games and utility that’s going to be mushrooming in the thousands and thousands and thousands of small medium enterprises that are going to be doing this.”
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Yat Siu: Asia GameFi opportunity huge as gamers don’t hate NFTs
Animoca Brands co-founder Yat Siu thinks that GameFi has the biggest opportunity for growth in Asia, as gamers there don’t hold the same vitriol towards nonfungible tokens (NFTs) as they do in the West. Sitting down with Cointelegraph during Asia Crypto Week, Siu argued that Asia generally has more of a welcoming culture towards gaming and advancements in tech such as NFTs, digital property and Play-to-Earn (P2E). “I think that Asia has the potential to really lead in blockchain gaming, at least in the short term. And there’s a couple of reasons why I think that’s the case. Not just because, you know, there’s the most gamers in this region of the world. […] but it’s also because gamers in Asia are welcoming NFTs.” “Gaming companies in the West have to deal with consumer resistance that gaming companies in Asia do not have to,” he added. The Animoca co-founder attributed this acceptance of NFTs to a broader Asian viewpoint on capitalism, which he suggested is viewed more favorably in the region — barring China — than in the U.S., as people see it as a path out of poverty. He pointed to examples such as South Korea, which “only four decades ago” had the same size economy as North Korea but has swiftly climbed the global rankings through innovation, “creativity, legal frameworks, and property rights” despite lacking natural resources. “The consumer in Asia looks at capitalism as a net-good fight. In other words, okay, there is inequity. There’s a guy who made a lot of money, but [people] think ‘I can get there too, or I have an opportunity,’” he said. Drawing a contrast to the United States, Siu highlighted that capitalism draws a more demonized view by some people there, and rightly so as many people haven’t seen capitalism “work for them.”He argued that this type of thinking ultimately bleeds into gamers pushing back on NFTs, as people worry about being priced out of the market with expensive NFTs that are seen as a “rich man’s tool.” “When the headline news isn’t a $5 or $10 in-game NFT item, but a $300,000 Bored Ape well, then, you know it’s a little bit like saying the entire car industry is just Lamborghinis. That’s not true either. But that’s what we see. And so the rejection in the West comes from that lens.”Expanding on the Asian context, Siu also emphasized that blockchain gaming is opening up access to venture capital from Silicon valley that hasn’t really been tapped before, especially in the context of countries like the Philippines where P2E gaming guilds have become quite popular.Related: Gamers want fun, not a grind fest for tokens — Animoca subsidiaryHe again highlighted that this is due to a vibrant ecosystem that is growing in Asia as many gamers are adopting the tech while many projects are actively innovating in the space. “Now you have companies like a16z, not just ourselves investing but also Silicon Valley money moving into Vietnam and Philippines. I think that’s unheard of. So that’s kind of exciting as well. I do think Asia is pointing towards a web three blockchain gaming future. Broadly speaking,” he said.
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Final Fantasy creators join Oasys blockchain, gamers whine about it
Square Enix, the Japanese game developer behind the beloved Final Fantasy franchise has signed on as a node validator for blockchain gaming project Oasys, with the duo also teaming up to create blockchain games. The move has predictably been met with criticism from some crypto and NFT hating members of the gaming community, irritated that the firm is continuing to double down its focus on blockchain tech. In a Sept. 12 announcement, Oasys revealed that Square Enix had jumped on board to be the project’s 21st node validator, taking up the final slot of initial validators. Moving forward the duo will also team up to develop new games on Oasys’ EVM compatible Proof-of-Stake (PoS) blockchain, which hopes to become a hub for Triple A quality games with Play-to-Earn (P2E) integrations.Square Enix joins a host of big names in gaming to partner with Oasys such as Sega, Double Jump, Bandai Namco and Ubisoft — with the latter also having a troubled history with gamers who have pushed back against the firm’s NFT gaming initiative Quartz. In 2022, Square Enix has done irreparable damage to its image by – Investing in crypto- No longer prioritizing “fun” in gaming- Selling off all their western studiosI’d call it self sabotage, but compared to what’s happened to Warner Bros this year, it’s honestly nothing https://t.co/TD8d1O1nj9— Bruh Momento (@JBoop_is_ballin) September 12, 2022The pitchforks are out While the prospect of having reputable gaming giants jumping behind a blockchain project is welcome news in the blockchain world, the traditional gaming community has not received Square Enix’s move well. The Gamer reported the news, with the headline: “Square Enix Sets Its Dreaded NFT Plans In Motion By Partnering With Crypto Company.” Square Enix article: The Gamer“Unlike most video game developers who decided to announce their ventures into the jpeg-filled world of NFTs, Square Enix has only been doubling down on it,” the article notes, as it questions Square Enix president and CEO Yosuke Matsuda’s previous statements about introducing P2E elements into games: “He probably ignored the fact that so many NFT games aren’t just scams, but also look like they were made by an actual bored ape.”On Twitter gamer @ShyVortex said the partnership was “truly disgusting. Never buying a Square Enix game again,” while @eramaster12 questioned “what does it take to f#ckin force them to stop?.”@Pilnok also chimed in that this “has become tiresome and embarrassing” and @ManuelRomer2 added “what about just don’t entirely?” pic.twitter.com/AVI7Kf2lB0— RecklesFlam1ngo (@RecklesFlam1ngo) September 12, 2022
Square Enix and blockchain Square Enix has been gradually ramping up its blockchain related plans in 2022, despite pushback. Matsuda stated in a New Year’s Letter in January that he was particularly interested in the idea of introducing blockchain-enabled “token economies” into games to incentivize both players and users that generate content to add to the games.“With advances in token economies, users will be provided with explicit incentives, thereby resulting not only in greater consistency in their motivation, but also creating a tangible upside to their creative efforts,” he wrote. Related: Ubisoft cools off on NFTs and blockchain, says it’s in ‘research mode’While blockchain is yet to creep into Square Enix’s games, the firm kicked things off in July by releasing tokenized character figures for $129.99 featuring characters such as Cloud Strife from Final Fantasy.
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Ubisoft cools off on NFTs and blockchain, says it's in 'research mode'
Yves Guillemot, the CEO of French gaming giant Ubisoft appears to have cooled the rhetoric behind the company’s NFT gaming project Quartz, noting in a recent interview that it was merely in “research mode” concerning Web3 tech integrations. It’s a relatively different take from other Ubisoft execs in the past, including chief financial officer Frédérick Duguet who in October stated that blockchain integrations will enable users to own and earn content and the firm wants to “be one of the key players here.”During a Sept. 10 interview with gamesindustry.biz, Guillemot appears to be walking some of those comments back, emphasizing that at this stage, Ubisoft is primarily looking to discover how NFTs can be applied to games and whether they will benefit gamers or not. “We are very much on cloud, on the new generation of voxels, and we’re looking at all the Web3 capabilities. We tested a few things recently that are giving us more information on how it can be used and what we should do in the universe of video games,” he said, adding that: “So we are testing ground with some games, and we’ll see if they really answer the players’ needs. But we are still in research mode, I would say.”Ubisoft announced its first foray into NFTs in December, after launching a beta version of Ubisoft Quartz, aimed at offering gamers playable NFTs that could be utilized in games such as Tom Clancy’s Ghost Recon Breakpoint. The move was met with strong pushback from some members of the NFT-hating gamer community, with some accusing the firm of “milking” every cent possible out of its popular game franchises by introducing NFTs into the mix. Nicolas Pouard, the vice president at Ubisoft’s Strategic Innovations Lab defended the company’s NFT efforts in January, stating: “I think gamers don’t get what a digital secondary market can bring to them.” Reflecting on Ubisoft’s NFT rollout, Guillemot says the firm ultimately didn’t communicate the company’s approach to the project effectively enough. “We probably were not good at saying we are researching,” he said, adding that “we should have said we were working on it, and when we have something that gives you a real benefit, we’ll bring it to you.”The Ubisoft CEO was also questioned about the environmental impacts of blockchain tech, something which is often highlighted by gamers who generally confuse energy-intensive Proof-of-Work (PoW) chains as the industry standard for all projects. Related: GameFi fundraising jumps 135% in August, but is still down from June: ReportGuillemot noted that while he’s “very cautious” about the environmental impacts of the sector, he’s optimistic that these issues will be ironed out over time. “Like so many things, at the beginning it’s not as good as it could be, but like other new technologies they will find the right way.”
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Axie Infinity looking to 'double-down' on Korean market: KBW
Sky Mavis, the firm behind Play-to-Earn (P2E) heavyweight Axie Infinity is looking to “double down” in South Korea and ramp up adoption despite the regulatory hurdles. Speaking with Cointelegraph at the Korea Blockchain Week on Aug. 9 (local time), Sky Mavis co-founder and growth lead Jeffrey Zirlin stated that despite the domestic ban on P2E games still being in place, the “Korean market is one of the most important gaming markets in the world, and we have tons of players in South Korea.”Zirlin added that the company is currently looking at ways to tailor the Axie Infinity game to its cohort of Korean gamers: “I think you know, we want to double down. We want to localize for example, Koreans don’t speak much English, right? So there are actually a lot of barriers to actually getting the game into the hands of Korean players.” “But a lot of our top players on the leaderboard are Korean […] Koreans are some of the best gamers in the world,” he added. South Korea Game Rating and Administration Committee prohibits the release of domestic blockchain P2E games as a result of strict anti-gambling policies. In December, the government also moved to prohibit Google Play and the Apple Store from listing such games in Korea. “In terms of the regulation, it’s still quite early. It’s similar to the app stores where you know, it’s gonna be a process of negotiation and education,” Zirlin noted, adding that he hopes P2E adoption is enough to sway the government to walk back its hawkish regulation in the future: “It’s really Uber as an approach right? They just launched, they got it into the hands of as many people as possible and once they had a critical mass the regulators had to go with it.”Related: Vitalik Buterin proposes stealth addresses for anonymous NFT ownershipThe Axie Infinity project is still in its early access stage and is yet to roll out an app via Google Play or the Apple Store. According to Active Player, the game had roughly 766,000 people that logged in to play the game last month, a far cry from the heights of 2.7 million recorded in January this year. As it stands, Axie Infinity is looking to ramp up adoption — in Korea and globally — by improving the gaming experience and expanding out its ecosystem via new battle modes such as Origin, which topped more than 600,000 sign ups as of mid-June. “Origin is our main focus right now. So building that out and making it more immersive, adding in vertical progression, like runes and charms and body part upgrades to act as sustainable sinks [burning mechanisms] for tokens and making it more fun.”“Origin crucially comes with three free starter Axies (NFT characters) so that people can fall in love with the game [without having] to make any economic or financial decisions,” he added.
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Nifty News: Dr Disrespect unveils NFT game to mixed reaction, FC Barcelona's first NFT sells for $700K and more…
Gaming YouTube streamer “Dr Disrespect” unveiled the first sneak peek of his upcoming NFT shooter game dubbed Deadrop on July 30. The initial reaction has been mixed, however, with some underwhelmed by the game’s lack of polish given that Dr Disrepect boasted in a now-deleted Tweet from June that it “already blows out anything” from the Call of Duty game engine.User @Jonesy_Actual stated the game currently looks “like an arcade shooter at Chuck E Cheese” while @MemeCyptum sarcastically chimed in with: “Dr Disrespect tried making an NFT shooter and it looks like a**? I’m shocked I tell you, absolutely shocked.”This is Dr. Disrespect’s new NFT shooter called “DEADROP”.This is the game he said if he took a screenshot, it blows anything from the CoD engine.He probably meant CoD mobile (which is still a reach) pic.twitter.com/JntaM8Ny5r— Tom Henderson (@_Tom_Henderson_) July 30, 2022Others have called for patience, however, as the game is still in the early stages of its development and is likely to undergo many changes before the final version is complete. “Lol this is so early in development yet people still need to hate? At least he is being clear about development, showing each stage as it comes. Just hating on the game for the sake of it clearly,” wrote @L1GHTNING96. Dr Disrespect has more than four million subscribers on YouTube and 2.4 million followers on Twitter. He recently launched what he’s dubbed a triple-A gaming studio called Midnight Society which has partnered with Polygon Studios to develop gaming NFTs via Polygon’s Ethereum scaling network. The early footage shows a simplistic first-person shooter-style game with a player running and shooting targets at a gun range.The new game is expected to use NFTs to give users digital ownership of in-game items and rewards.According to Midnight Society’s website, it recently sold out all 10,000 tokenized Founders Passes which included playable avatars for Deadrop. The NFTs also offer early access to the game, along with voting rights on game-features integrations and a host of other benefits. The Polygon-based NFTs went for $50 a pop and were used as a way to fund the game’s development. I woke up this morning feeling so damn good.Thinking about what can transpire from @DEADROP over the next few years.Long road ahead, with a HUGE vision.— Dr Disrespect (@DrDisrespect) July 30, 2022
Shiba EternityThe team behind the Shiba Inu (SHIB) memecoin have revealed the name of the project’s upcoming mobile NFT game in partnership with PlaySide Studios. The game is titled Shiba Eternity, and the SHIB team revealed that it will be available on both the Apple App Store and the Google Play Store. It is being developed as part of the project’s broader goal of building a Metaverse ecosystem and will be compatible with its Shiboshi NFTs. The game will come in two modes, a regular free-to-play mobile game and a version that incorporates NFTs and play-to-earn features. We are proud to reveal the name of the Shib CCG game, Shiba Eternity™! We are working alongside @PlaysideStudios on a testing schedule and exciting release! The game will be available in both the Apple App Store and Google Play Store.Game on #ShibArmy with #ShibaEternity! pic.twitter.com/iJnyMUVZWb— Shib (@Shibtoken) August 2, 2022
FC Barcelona sells NFT artwork for $700kSpanish soccer giant FC Barcelona (Barca) has sold an NFT art piece featuring club legend Johan Cruyff for $693,000 via Sotheby’s auction house in New York on July 29.In a Way, Immortal NFT: FC BarcelonaThe audio and visual art piece “In a Way, Immortal” depicts a golden Cruyff scoring an iconic goal against Atletico Madrid in 1973, and was created by a team of 40 computer graphics and visual effects artists. The piece is backed by an original soundtrack that features a 30-piece orchestra. As part of the sale, the NFT owner will now become a Barça Digital Ambassador and gain exclusive access to VIP events with the club. Cruyff played for Barca between 1973 and 1978 and went back to coach the team for a widely successful spell between 1988 and 1996. He passed away in 2016, and is seen as one of the most important figures in the club’s history. Barca also announced this week that it has partnered with fan token platform Socios to further the team’s blockchain, NFT and Web3 initiatives. As part of the agreement, Socios’ owner Chiliz will invest $100 million into Barca Studios and acquire a 24.5% stake in the team’s digital content creation and distribution hub.Related: Tiffany & Co turning CryptoPunk NFTs into $50K custom pendantsDigital Avatar Funko Pops, of the air-bending variety Funko and Paramount have teamed up to launch a series of Digital Funko Pop NFTs depicting characters from Nickelodeon’s beloved Avatar: The Last Airbender and The Legend of Korra series. The collection will be available for purchase via Dropp.io starting on August 9 and it will include 625,000 NFTs of different rarity levels spread across standard packs of five tokens for $9.99 and premium packs of 15 tokens $29.99. Funko X Paramount Avatar NFTs: Dropp.ioFunko are the creators of the widely successful collectibles which depict licensed content from an endless list of famous pop culture characters and people. If collectors are lucky enough to score a rare Avatar Digital Funko Pop NFT, they will be able to redeem it for a limited edition physical Funko Pop collectible figure. Other Nifty News: On Monday, the trading volume for CryptoPunks NFTs surged by 1,847% over 24 hours. Over 1,226.68 Ether (ETH) worth of Punk NFTs was traded during that time. The surge in interest appears to be tied to luxury jewelry retailer Tiffany & Co. launch of its own NFT collection, which has a special perk for Punk holders.The upcoming Muse NFT album “Will of the People” will be the latest chart-eligible album format since 2015. Prior to this album concept, the last format to be accepted by international charts was album streams. NFT albums are now eligible for both United Kingdom and Australian charts.
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GameFi and Metaverse least affected by Terra debacle: Report
Blockchain gaming and the Metaverse have managed to “sidestep” the “Lehman brothers-like” collapse of Terra in May — though decentralized finance (DeFi) and nonfungible tokens (NFTs) haven’t been so lucky, a report says. In a July 29 report from decentralized application data aggregator DappRadar, the collapse of Terra in May was similar in scale to the 2008 subprime mortgage crisis — causing decentralized finance (DeFi), nonfungible tokens (NFTs) and firms such as Three Arrows Capital (3AC), Celsius and Voyager to cop the brunt of Terra’s destruction.“It is becoming clear that the Terra debacle has become a Lehman brothers-like event that has sent shockwaves across the entire breadth of the crypto industry and aftershocks that will affect us for many months.” However, Dappradar noted that blockchain gaming and Metaverse projects showed either minimal drawbacks or even positive signs of growth in the same period. Weathering the storm The report compares different metrics to show how the Terra collapse (during mid-Q2) impacted the performance of various sectors in crypto between the first two quarters of this year. One key metric the report looks at is transaction count (the total number of completed transactions), which essentially shows user engagement. DeFi and NFTs saw the biggest drops with 14.8% and 12.2% apiece, while blockchain games and NFT-related Metaverse projects “managed to sidestep the ensuing bear market” by posting increases of 9.51% and 27% each. The report also added that while the average amount of activity from unique active wallets (UAWs) in NFTs dropped by a hefty 24% in Q2, blockchain gaming saw a drop of just 7%, suggesting that users continue to interact with gaming dApps “at a more or less the same rate as before the Terra incident.” The trading volume for Metaverse-related NFT projects was also described as a “beacon of hope,” as volumes increased by a whopping 97% since in Q2, despite the overall NFT sector posting a 32.66% drop in Q2. In a separate DappRadar report from July, the firm suggested that the blockchain gaming may have been able to hold up better than other crypto sectors last quarter due to the non-speculative aspects of the games themselves. “This bullish activity indicates that engagement with the virtual worlds is not predicated on their profitability to the end-user. It shows virtual worlds are intrinsically fun to the end-user as the communities remain active despite the devaluation of native tokens,” the report read. DappRadar also said there was sustained institutional investment in both blockchain gaming and the Metaverse, highlighting that many top companies see the potential for strong economic growth in both sectors moving forward. Related: Metaverse visionary Neal Stephenson is building a blockchain to uplift creatorsThe report went on to emphasize that amount of investment into blockchain gaming and Metaverse projects remained consistent during Q2 despite the Terra carnage: “Despite a financial blow and undermined trust in the industry, investors remain bullish as the number of investments into blockchain games and metaverse projects has remained constant quarter-over-quarter, with $2.5 billion invested in both Q1 and Q2.”
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Minecraft ban ‘hypocritical’ and NFTs are inclusive: Animoca’s Yat Siu
Yat Siu, the co-founder of crypto/NFT venture fund giant Animoca Brands, labeled the recent Minecraft NFT ban as “hypocritical” and emphasized that nonfungible tokens (NFT) can be inclusive, despite arguments to the contrary.As previously reported, Minecraft developers Mojang Studios announced a ban on all NFT integrations in the game on July 20. The firm stated that NFTs were against its values, as they foster price speculation, scarcity, exclusion and potential rug pulls. Speaking with Cointelegraph, Siu expressed his frustration at Mojang Studios given the context in which NFTs were being integrated with Minecraft before the ban. Projects such as NFT Worlds were utilizing Minecraft’s open source servers to host a metaverse platform that had crypto and NFT ecosystems built around it. The project appeared to be relatively popular, given that it has generated more than $80 million worth of NFT trading volume and claims to have around 100,000 players. The Animoca Brands co-founder noted that he found it hypocritical that Minecraft would exclude a small portion of the user base, considering that the company’s stated that it values “inclusion” and suggested NFT integrations in games drive exclusion. “The general perspective is that this is hypocritical, NFTs have not hurt anyone at Minecraft, it’s very clearly a minority. This was not a decision of actual evidence of harm, this was a preference decision, purely based on an opinion.”“They did not cite evidence, they didn’t even correctly point out what NFTs are, nor did they talk to NFT Worlds,” he added. While Siu acknowledges many in the traditional gaming community want nothing to do with NFTs, generally out of fear of games becoming over-monetized and “even less fair.” In this instance, users had the choice to play in NFT-affiliated servers or not, and there were no NFT integrations forced on regular Minecraft users. Siu stressed that excluding minority views means “you actually hurt the whole community, and you stifle its growth.”Related: Epic Games ‘definitely won’t’ follow Minecraft NFT banIn terms of NFTs being inclusive, Siu argues that NFT tech or the digital property itself doesn’t foster inclusion or exclusion, and instead, it’s all about how the tech is deployed to drive community value. He noted that in the right contexts, NFTs in games or the Metaverse can offer users a redistribution of the platform’s economy and power. In Siu’s point of view, NFTs enable users to own a tokenized stake in their favorite platforms which can then be utilized how users see fit, as opposed to the Web2 model in which users are not offered ownership over their content and data.“What NFTs do is redistribute the economics of the players who add value to the game which then also has the same effect of decentralizing and redistributing the power dynamics inside games. [Therefore] allowing for more freedoms and power to the community instead of just a community.”“Property rights and freedoms are intertwined, the next natural evolution is digital property rights to either enhance or actually produce true digital freedom,” he added.
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34% of gamers want to use crypto in the Metaverse, despite the backlash
Despite a backlash from a vocal part of the gaming community, a new survey has revealed one-third of gamers have expressed interest in using crypto in the Metaverse.And more gamers than not believe the Metaverse will have a positive impact on gaming. The survey was published on July 13 by institutional software developer Globant. It was conducted by YouGov and polled 1,000 adult PC, console and/or mobile gamers last month, with 34% of respondents indicating an interest in conducting crypto transactions in Metaverse. The concept of play-to-earn (P2E) in the Metaverse is also relatively well received by gamers, with 40% of respondents stating that they are “interested in pursuing a mix of both the ‘playing’ and ‘earning’ aspects of the Metaverse.” While 11% indicated they are more interested in earning, and 49% stated they are only interested in playing. More than half (53%) of respondents also stated that they would happily work in virtual game worlds if they were able to earn digital currency from their labor. In terms of NFTs, 16% of gamers stated that they have purchased at least one in the past, however it was unclear whether they were gaming related NFTs. More than half (52%) of gamers believe the Metaverse will change the video game industry and “a plurality of 41% think that the Metaverse will have a positive impact on the industry (vs. 25% who disagree).” Notably however, despite 40% of respondents associating blockchain tech with Metaverse, only one blockchain-native platform made the list of the most recognized Metaverse brands. The most recognized is Meta at 73%, followed by Fortnite creators Epic Games at 27%, Roblox at 21%, Ethereum-based The Sandbox at 15%, and Pokemon Go developers Niantic at 10%. Some die-hard gamers have voiced distaste for crypto and NFTs on numerous occasions, often in response to major companies and brands announcing such integrations into their product lines. They criticize the environmental impact of the technology, suggest that it negatively impacts the gaming experience, but the core rationale appears to be a belief companies are just looking for cash grabs in a similar vein to the controversial in-game microtransactions. Related: NFT volume sees yearly low in June, but first-time buyers remain consistentRecently video game developer Mark Venturelli launched an attack on NFTs during Brazil’s International Games Festival in a presentation titled “Why NFTs are a nightmare.” Venturelli argued that the introduction of speculative economic activity via NFTs will end up ruining the experience for people who just want to play games for fun, as “organized groups” will take over as they work to profit at scale.
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P2E game Nyan Heroes aims to save 1 billion sheltered cats
Cat themed play-to-earn (P2E) NFT game Nyan Heroes is aiming to save 1 billion cats from euthanization in animal shelters across the U.S.Nyan Heroes is an upcoming NFT battle royal shooter style game built on the Solana blockchain that will enable players to compete with each other using NFTs depicting animated cats that are used to pilot mech-robot NFTs in the game. The U.S. based project has been in development since October and the game is set for release in Q4 2022. Its first NFT drop is currently available for hodling and trading on marketplaces such as Fractal. According to data from Solana Art, Nyan Heroes is the fourth-highest NFT project on Solana in terms of seven day volume and market cap, at $279,000 and $18.2 million, respectively. In an interview with Cointelegraph, Nyan Heroes co-founder and Australian Wendy Huang outlined the firm’s charitable vision moving forward, along with providing a rundown of the upcoming game. Huang has been involved with crypto since 2016 and has also built a successful career as a content creator ranging from vlogs to DIY videos, pranks and music and has amassed almost 14 million subscribers on YouTube. Save the catsHuang stated that her, and fellow co-founder Max Fu’s, love for cats was a key driver behind tying animal-focused charity work to Nyan Heroes. She said they have an ambitious goal of “saving 1 billion cats” from euthanization in animal shelters via charitable donations generated from portions of the project’s NFT sales. Nyan Heroes revealed their first efforts in this area on Dec. 24, when it announced a $250,000 donation from the proceeds of its first NFT drop to the non-profit Best Friends Society. ‘That was one of the proudest moments I’ve had in this project,” she said.Crypto saves lives! Thank you @nyanheroes for your amazing donation of @ethereum for the animals! Their fundraiser raised $250,000 to help cats just like Pumpkin ^ac pic.twitter.com/MTCKEYUTtp— Best Friends (@bestfriends) January 3, 2022Best Friends Society provides a “no-kill” sanctuary for orphaned animals and also prevents cat and dog deaths in shelters across the U.S. through its charity work. The group estimates that its “no kill” movement has helped reduce the number of cat and dog deaths in animal shelters from 17 million yearly to around 347,000.Huang revealed that the game project will be launching a DAO that will give its members voting rights on where Nyan Heroes donations will be allocated in the future. “We’ll be creating a young hero DAO. And part of that DAOs responsibilities will be deciding where to donate funds to, to which animal shelter and to what causes in that particular realm.” she said. Related: Play-to-earn game hosts Christmas charity drive for Ol Pejeta ConservancyNyan HeroesHuang highlighted that a major sticking point for P2E blockchain games is sustainability over a long period of time. She said many P2E games are reliant on a continual stream of new users to remain profitable and suffer from players continually cashing out and taking value out of the game. “We don’t know how many players will be coming into the economy. So we need to realize that building a game is not only about the game play, but about the economic system and how sustainable everything is,” she said. Huang said Nyan Heroes sustainability model is built off several factors such as introducing an in-game stablecoin to reduce volatility of the its assets, staking rewards on NFTs and a triple A gaming experience similar to Fortnite which has “historically attracted players” who want to spend money on the game: “The way we address it is to come up with a better game where users will actually want to play the game and inject value into the system to balance out the players that come into the ecosystem to take value out.”“We keep the in-game token stable so that the value of your in-game items isn’t going to crash and burn. And we feel like that’s what players need to want to stay with a game. You don’t want your in-game items to be worth $1,000 one day and then $10 dollars the next,” she added.Proudly introducing our new expanded team! With decades of experience in AAA studios like Riot Games, EA, Ubisoft and Respawn, our team is ready to take NH to new heights in 2022!This is only just the beginning, you are here early. The amazing team:https://t.co/0cmPgsaigh pic.twitter.com/3R3l18E3gO— Nyan Heroes (@nyanheroes) December 29, 2021
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