Web3 and Crypto

Magic shooter Immortals of Aveum has just been released globally. The initial metrics for the AAA game, developed by Ascendant Studios and published under the EA Originals program, don’t look promising.

Market intelligence platform InvestGame has shared a new report on deal activity in the games industry for the first half of 2023. Here are the key findings about the turbulent and generally deteriorating landscape.

The Google Play app store has updated its blockchain policy. Now Android developers have the opportunity to integrate blockchain-based digital content into their products.

The Japanese company SEGA has become cooler about blockchain games. She suspended the development of her own projects and stopped issuing licenses to create blockchain games for her largest IP.

It appears that Valve might be banning some games with AI-generated assets from being released on Steam. Several developers have already faced this issue, although the company has yet to update its policy.

Ubisoft continues to believe in blockchain. The company introduced Champions Tactics: Grimoria Chronicles — its first Web3 game.

Based on the Assassin’s Creed series, an NFT collection will be created. Ubisoft has granted Integral Reality Labs a license to issue non-interchangeable tokens.

Raphael Colantonio is working on a new game, his second after leaving Arkane. The title is said to be more ambitious thanks to a new partnership between WolfEye Studios and Galaxy Interactive.

Last February, PUBG developers announced that they were going to create their own NFT metaverse in partnership with Naver Z. A year later, it became known that its development had already cost companies 48 billion won, or about $ 36.8 million.

Investors continue to invest in blockchain. The DappRadar platform, together with the Blockchain Games Alliance, estimated that in the first three months of 2023, the volume of investments in games with blockchain and NFT amounted to $ 739 million. This is 12.95% more than a quarter earlier.

Many have been wondering what happened to CD Projekt RED veteran Jason Slama after he was first appointed as the game director of the next Witcher project. It turns out that he is now working on a new NFT title at Pixelcraft Studios.

Epic Games Store (EGS) General Manager Steve Allison discussed the situation with blockchain games in the store with Axios journalists. In his opinion, it is too early to judge the success of such projects in EGS. The first conclusions can be made at the beginning of next year.

There is a decline in the mobile blockchain games market. Analysts from Sensor Tower calculated that by the end of 2022, the revenue of such titles with IAP in Google Play and the App Store fell by 13.9% year-on—year – this is the first drop in five years.

The Game Developers Conference (GDC) has released the results of its annual survey about the current state of the games industry. Here are the key takeaways from the study, including devs’ views on the metaverse and consolidation.

Cryptozima will not be a big problem for the blockchain games market, according to the authors of a recent study on ResearchAndMarkets. They predict that the market turnover will grow from $4.6 billion in 2022 to $65.7 billion in 2027.

Activision Blizzard has announced a change in its leadership team. Daniel Alegre, who has served as its president and COO since 2020, will leave the Call of Duty publisher in 2023.

HitBox Games is an American studio that was launched last year by James Seaman, former vice president of Artifex Mundi. She received $1.6 million from investors, which she is going to spend on an MMORPG with the Swords of Blood blockchain.

The company did not like that the exchanges were going to stop trading its WeMix gaming token on December 8.

The new blockchain publishing house is called Fenix Games. It has already attracted $150 million in investments.

The network noticed a Sony patent for a system that can use the blockchain to track the history of in-game objects like skins, objects or characters. The company filed a patent in May 2021, but it has only now appeared in the public domain.

The French publisher Homa (formerly Homa Games) decided to pay more attention to the blockchain. The company is going to add tools for creating web3 projects to its technology stack.

Another gaming pensioner took up NFT games. Richard Garfield, the author of the most popular collectible card game Magic: The Gathering, is due to release Blockchain Brawlers any day now.

The sale must be carried out through the IAP toolkit. Simply put, Apple will charge 30% from each transaction.

Konami did not specify when exactly the marketplace will open. Now she is looking for specialists who will help develop both the NFT business and the metaverse direction.

According to the company, Vessel is designed not only for token trading. With its help, mobile developers can also integrate NFT into their games and applications.

Brevan Howard Digital and Morgan Creek Digital have also invested in blockchain developers.

Not everything is good in the NFT market. According to the estimates of the DappRadar platform, in the third quarter of 2022, total sales of non-interchangeable tokens amounted to $3.4 billion. This is $5 billion less than a quarter ago, and $9.1 billion less than in the first quarter.

The third WN CEO Summit took place on September 21. This time, it was held in Istanbul, Turkey, attracting around 100 C-level executives of gaming companies from 18 countries.

According to The Information, the corporation will allow developers to sell tokens only through the in-app purchases feature. Apple intends to charge a commission of 30% for each transaction.

According to the mobile developer and publisher, the first blockchain game should be released in the fourth quarter of 2022. BoomBit is working on it together with the company CherryPic.

Cloud Imperium Games has reached a new milestone as its ambitious yet controversial space sim Star Citizen has topped $500 million in crowdfunding. Over a decade in development, the game still has no release date.

South Korean mobile publisher Netmarble has announced its intent to build its own video game museum. The company is now collecting games, devices, and other relics through donations.

Ruckus Games is a new game development studio founded by former Gearbox and Riot employees. The team is now working on a co-op game built with its proprietary technology.

The publisher of Final Fantasy continues to expand into the field of blockchain. The Japanese company has announced that it will become one of the 21 validators in the Oasys blockchain network.

Ubisoft CEO Yves Guillemot has opened up Tencent’s recent investment in Guillemot Brothers Ltd. He noted that this deal won’t affect the company’s independence in any way, while also commenting on the latest share price drop.

Commercial Director of the film studio Vladimir Chibisov told about this during the Eastern Economic Forum. He hopes that thanks to NFT, Soyuzmultfilm’s projects will become more attractive to young people.

Singapore-based tech company Sea has cut some jobs. The layoffs reportedly affected several business units, including Free Fire developer Garena.

The developer under the nickname Fanfaron admitted that he started trading cryptocurrency in the hope of earning more money for the game, but chose the wrong time.

This figure was named by Elliptic. She analyzed data for the 12 months ended July 31, 2022.

Gallium Studios received this amount from the Griffin Gaming Partners venture fund. The money raised will be used to develop two projects — the VOXverse metaverse and the Proxi self-discovery AI simulator.

Perforce Software interviewed 300 developers from different countries. It turned out that almost half of them doubt that NFT will be able to change the gaming industry by 2025. At the same time, 56% of respondents believe in the potential of the metaverse.

Tencent said it wants to focus on its core strategy and is therefore “making adjustments to the Huanhe business.“ She added that users can still store tokens on the platform and request a refund.

Another game studio has announced mass layoffs. Jam City has cut hundreds of people across several offices as part of its restructuring, citing economic challenges as the main reason.

Newzoo and Crypto.com We asked 4.5 thousand gamers from the USA, Great Britain and Indonesia what they think about blockchain games. It turned out that many in general do not mind playing like this, but for various reasons refuse.

The developer of Playstudios social casinos will pay more attention to blockchain games. The company announced that it is launching a corresponding division. It was opened on the basis of the WonderBlocks blockchain platform and was named playBLOCKS.

At the end of March, hackers stole $625 million worth of tokens from Axie Infinity. After learning about the hack, Sky Mavis promptly suspended the operation of the Ronin blockchain. However, before she did this, CEO Trung Nguyen hurried to transfer $3 million from the game to the Binance crypto exchange.

Sydney-based Immutable, which deals with blockchain games, is making cuts. The company itself did not publicly report this, but its former game designer James Wakeham complained about the dismissals.

Singapore-based Mighty Bear Games has announced that it has sold $10 million worth of tokens to investors. Now the studio intends to spend the proceeds on creating a series of AAA games with blockchain. The first game within it — Mighty Action Heroes — should be released within a year.

The Russian authorities are discussing the possibility of controlling the NFT market in the country. The Ministry of Economy of the Russian Federation held a meeting with representatives of the Central Bank and business, at which it proposed to make several changes to the laws. In particular, to establish the legal status of the NFT and to prescribe the issues related to the issuance and circulation of tokens, as well as consumer protection.

Another news on the topic of gaming NFT. A curious interview with the developers of the mobile game Aglet was released on GamesBeat. This is a geolocation project in the spirit of Pokémon Go, but about pumping and collecting sneakers (not to be confused with the sensational STEPN).