Gaming

Why Are Crypto Gaming Companies Booming?

In the last year you've seen games like Axie Infinity exert real influence over real-world, national economics. You've seen companies like UFO Gaming make history by being the first to enter esports. You've heard all your friends talk about the seemingly priceless NFTs that are making millionaires overnight in crypto gaming.

Why Are Crypto Gaming Companies Booming?

Naturally, you start to wonder – how is all of this happening? Why are crypto gaming companies like Axie and UFO Gaming up 38% over the last week and still have significant room for growth, leaving their legacy competitors scrambling to keep up? Market News is here to explain to you how.

The Intersection of Two Unstoppable Industries: Gaming and Cryptocurrency.

The gaming industry is currently worth a staggering 180 billion. It's the fastest-growing form of entertainment globally, with a higher market worth than both music and movies combined.

In 2021, we saw the rise of GameFi and NFTs in the crypto and blockchain world.

As blockchain continues to grow as a global phenomenon, industries all around the world are constantly looking for more ways to incorporate this revolutionary technology inside their core offering.

Crypto gaming has become a free market for exciting innovations in the space. And with new games come new in-game mechanics and economic models. Legacy game developers are still struggling to understand this foreign paradigm.

With NFTs and play-to-earn incentive structures, blockchain gaming shows us new innovative features that could easily precede the widespread adoption of blockchain technology in gaming and beyond.

Every day, developers are inventing new methods to leverage cryptocurrency so players can purchase and trade characters, in-game items, cosmetics etc. inside the digital economies of their games.

That's how crypto gaming has become one of the biggest movements in the blockchain world, as well as bringing together three flourishing industries: gaming, crypto and finance.

The trillion-dollar question is – what makes crypto games better?

Games on the blockchain are built with economics at the forefront.

Naturally, developers will be challenged to craft value-add experiences that benefit players which drives new innovations in game design.

Let's explore some of these innovations in one of the most notable players in the GameFi space - UFO Gaming.

UFO Gaming became the first blockchain gaming platform to enter esports, and it has separated itself from the competition with its intricate in-game economy that combines minting NFTs with completing quests. That's why it's a great project to explore when talking about the potential of crypto and NFT gaming as a whole.

With that said, here are the most substantial innovations crypto games bring to traditional gaming:

The Personal Ownership of In-Game Assets

Blockchain games enable a degree of personal ownership that hasn't been seen before in gaming. Smart contracts and NFTs will enable the full ownership of in-game assets, protected by all the security and transparency guarantees of blockchain technology. In UFO Gaming's debut game, Super Galactic, players can mint their own in-game assets (such as characters, skins and weapons), sell them, or simply use them for gaming themselves.

The Ability to Earn From Playing

The rise of crypto gaming has given life to a massive tidal wave in play-to-earn gaming. In UFO Gaming, the player can earn rewards for completing various daily quests. Not only that, but people who managed to mint the UFOeps NFTs can level them up and sell them on the UFO Gaming marketplace for a profit.

Tokenomics and Incentive Structures

In blockchain games, the connection between developer and player seems to be much stronger. Players are the ones who profit, so developers are incentivized to create experiences and incentives that align with the needs of players and community members.

Transparent, Immutable Transactions

The blockchain enables agency and trust. Every transaction occurs on a ledger that's immutable. Players understand that their digital belongings will exist outside of the game's universe permanently, and they can be sold and traded on other secondary platforms. A blockchain gaming platform like UFO Gaming uses the Ethereum blockchain to maintain a secure, immutable ledger of transactions.

Blockchains Will Power the Future Gaming Economies

That's why in less than one year, we've seen a change in the dynamic of the gaming industry. Developers are letting players, take the lead. Through tokenization and in-game economics, players can now extract monetary value in the form of portable assets from the games they play. They can have ownership over their digital identity. They can participate in these games knowing their economic systems are immutable and transparent.

With players always having their eyes set on the next fun play-to-earn sensation, and with companies like UFO Gaming who are determined to set new standards for the GameFi space, it's safe to say it's a bright future out there for gamers, developers, as well as those who champion crypto and blockchain to be the foundation of tomorrow's industries.

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SOURCE Market News

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East Side Games

The Office: Somehow We Manage Mobile Game Available Now

East Side Games Group (TSX: EAGR) (OTC: EAGRF) (" ESGG " or the " Company "), Canada's leading free-to-play mobile game group, in collaboration with Universal Games and Digital Platforms, announced today the worldwide launch of The Office: Somehow We Manage on iOS and Android. The free-to-play idle game is inspired by NBC's critically acclaimed, Emmy® Award-winning U.S. version of The Office which is now streaming exclusively on Peacock.

Watch the launch trailer here .

News Provided by Canada Newswire via QuoteMedia

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person holding tablet displaying fortnite video game

How to Invest in Gaming (Updated 2023)

New gaming devices coupled with the advancement of existing gadgets have paved the way for the gaming industry to reach new heights in terms of market value.

Gamers are spoiled for choice today as game publishers continue to release titles across multiple platforms, including mobile, PC, tablets and consoles.

So how can investors get involved and potentially make a profit in this exciting space? Read on for a look at the digital gaming industry, including what makes it lucrative and what stocks and exchange-traded funds (ETFs) investors may want to consider.

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Corsair Gaming to Report Q1 2023 Financial Results on May 10

Corsair Gaming® (NASDAQ: CRSR), a world leader in enthusiast components for gamers, creators, and PC builders, today announced it will release its first quarter 2023 results and financial outlook after the NASDAQ close on Wednesday, May 10, 2023, with its management hosting a conference call to discuss results at 2:00 p.m. Pacific Time that same day.

The 2:00 p.m. PDT conference call will be accessible on Corsair's Investor Relations website at https://ir.corsair.com , or by dialing 1-877-407-0784 (USA) or 1-201-689-8560 (International) with conference ID 13737369. A replay will be available approximately 3 hours after the live call ends on Corsair's Investor Relations website, or through May 17, 2023 by dialing 1-844-512-2921 (USA) or 1-412-317-6671 (International), with passcode 13737369.

News Provided by Business Wire via QuoteMedia

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NETMARBLE ANNOUNCES UPCOMING PRE-DOWNLOAD FOR ITS NEW METAVERSE BOARD GAME META WORLD: MY CITY

Netmarble, a leading developer and publisher of high-quality mobile games, announced that pre-download for Meta World : My City a new metaverse board game featuring virtual real estate and building collection, will start on April 18 4 p.m. PDT. Players can pre-download the game by visiting Google Play and App Store starting April 18 4 p.m. PDT ahead of the game's official launch on April 18 8 p.m. PDT .

Source: Netmarble

Special pre-registration events are also currently taking place in anticipation of the game's launch. Players can pre-register and secure special in-game items by visiting official website , Google Play , and App Store .

  • Pre-registration on Google Play or App Store will provide in-game items such as Epic Character Summon Ticket, an Avatar Costume Set, Gold, a Seulgi Character Card, and more.
  • Selected participants who post content about the pre-registration or retweet the official announcement with the hashtag #MetaWorld on Facebook or Twitter will acquire the Epic Character Card (Beatrice), Epic Character Summon Ticket, and Diamonds.

Various events that provide myriads of rewards will be held upon launch. Plenty of rewards like virtual real-estate of Meta World including Arcade Game Center Structure Item will be given to players at the top of the board game ranking. In addition, everyday an Epic Character Summon Ticket will be provided to players who check-in for seven days. Players will also have the chance to earn in-game items like Gold, Diamonds and Champions League Tickets through the Special Fortune Wheel.

Meta World : My City is the sequel to the highly popular game Let's Get Rich , which attracted over 200 million players around the world. The game features board game mechanics and the opportunity to have virtual lands and buildings in the metaverse that are based on real world locations like New York City . Netmarble plans to further develop Meta World : My City to be a platform where players will be able to actively interact with each other and enjoy various types of games in the metaverse world. The game will be a part of MBX, a gaming blockchain ecosystem launched by MARBLEX.

Players can access new information and updates on Meta World : My City by subscribing to the official community channels on Discord , Twitter , and Facebook .

About Netmarble Corporation

Established in Korea in 2000, Netmarble Corporation is a leading developer and publisher of top-grossing mobile games worldwide. Through powerful franchises and collaborations with acclaimed IP holders, Netmarble strives to elevate the gaming experience and entertain audiences globally. As a parent company of Kabam and SpinX Games, and a major shareholder of Jam City and HYBE (formerly Big Hit Entertainment), Netmarble's diverse portfolio includes Lineage 2: Revolution, MARVEL Future Fight, Ni no Kuni: Cross Worlds, The King of Fighters ALLSTAR, The Seven Deadly Sins: Grand Cross, and forthcoming PC games like Paragon: The Overprime. More information can be found at http://company.netmarble.com/en

About MARBLEX

MARBLEX is a blockchain-powered subsidiary of Netmarble Corp. Netmarble Corp. is a well-established developer and publisher of mobile games, comprised of more than 6,000 game industry veterans and blockchain technology experts from across the globe. MARBLEX aims to bring the highest quality blockchain games to market by providing key services such as a cryptocurrency wallet, decentralized exchange, token staking and an NFT Marketplace. MBX, a proprietary blockchain ecosystem launched by MARBLEX, allows gamers to advance their experiences through organic engagement and rewards for participation. The MBX ecosystem can be enjoyed as part of popular Netmarble titles, such as A3: Still Alive, Ni no Kuni: Cross Worlds and The King of Fighters Arena .

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SOURCE Netmarble

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Moms of The Biggest Gamers Infiltrate Their Children's Livestreams to Surprise Them and Kickstart Conversations about Gut Health

The "Ready Player Mom" activation from Sanofi's Enterogermina and MRM Spain created look-alike avatars for the mothers in gameplay to pull off the surprise

- Sanofi's Enterogermina, the world's leading probiotics brand, found a clever way to help parents teach their children the importance of gut health by having their avatars "crash" their children's livestreams. The campaign "Ready Player Mom" aims to highlight the threats of typical "gamer diets" by tapping mothers of Brazil's most prominent gaming influencers to infiltrate the virtual gaming worlds that have captured their children's attention.

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Eikonikos to Showcase High Fashion NFT Collection for the Metaverse

Metaverse Company, Eikonikos is excited to announce the upcoming release of their AVRA Collection tomorrow! The AVRA Collection is a wearable NFT collection of 3248 unique pieces of clothing that can be worn by any Eikonikos Metaverse Avatar NFT holder.

AVRA Collection

The Eikonikos team has had a remarkable year, consistently delivering on their promises to the Cardano NFT community. Following the successful launch of Eikonikos Genesis Passports in May 2022 , the groundbreaking project has now become the first Cardano Metaverse to release a Minimum Viable Product (MVP) on the cutting-edge Unreal Engine 5.

Eikonikos' mint event captivated the Cardano NFT audience, and the team continued to deliver on its commitments. In just six months following the initial release, they distributed a series of NFTs with in-game utility to holders, including hoodies, yachts, pegasus, and PFP collections.

The momentum didn't stop there.In the beginning of 2023, the Eikonikos team unveiled the Sokinoki App, the gateway to their metaverse. More recently, in February, they launched the Beta version of their virtual planet, which includes three different areas of the world map: the Grand Frontier, the Eikodium, and the Iris Sleeping Pod.

Eikonikos has another surprise in store for its users. Following the Beta release, the team introduced the AVRA Collection, an innovative addition to their ecosystem, packed with IRL and in-game utilities. Users will not only benefit from well-being sessions but they will also be eligible to claim Land in AVRA Island, among other things.

The AVRA Collection is the brainchild of renowned fashionista and well-being coach Aiisha Ramadan . It features exclusive, limited-edition clothing inspired by various aspects of life, including chakras, Yin Yang , Kundalini, the Sun, and the Moon. This latest development further establishes Eikonikos as a trailblazer in the Cardano NFT and Metaverse space.

"While creating these designs I was on a silent retreat in Nepal , and in the end we got a symbiotic result of the state of mind and infinite possibilities, cause on the Metaverse you can extend what in real life you couldn't." , Aiisha stated when discussing her inspiration for the collection.

The AVRA collection is just around the corner and its packed with utilities and use cases for holders! The NFT holder will receive a variety of exclusive benefits, namely a land plot in AVRA Island, near the Aiisha Studio and a mystery box containing gear, weapons and part of their initial ADA. Other benefits of purchasing a piece of the AVRA Collection include:

  • Access to the AVRA game, a P2E quest-based game where players can not only earn game coins, and other digital assets, as well as mint their gamer profiles as NFTs;
  • Exclusive access to the AVRA Studio, a space that promotes holistic well-being in the metaverse through Yoga, fitness, mindfulness, therapies, and healing sessions.
  • Land Plot, AVRA NFT buyers will be given virtual land near the AVRA studio.
  • The Access Pass Privileges, allow NFT holders to enter Eikonikos and explore its vast and immersive world.
  • Staking in the Eikonikos Pool, AVRA Collection NFT Holders will be granted the ability to have a stake in the Eikonikos pool
  • AVRA DAO membership, allows community members to participate actively in the strategic decision-making process for the development of the AVRA Studio and the AVRA Community within the Metaverse.

Eikonikos is gearing up for a monumental event at their Eikodium to unveil this collection, marking not only the premiere of Amphitheatre events but also the inauguration of metaverse access through web browsers. Stay tuned to their socials and connect your passports to the Sokinoki app, to fully experience The Other Planet experience!

About Eikonikos
Eikonikos is one of the first and fastest growing major metaverse companies built on the Cardano blockchain disruptively integrating every human touchpoint, where top brands, media and entertainment industries will interact with users and test their new innovations and projects, from ecommerce, gaming, learning, socializing, dating and more.

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/eikonikos-to-showcase-high-fashion-nft-collection-for-the-metaverse-301799164.html

SOURCE Eikonikos

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Kindred set to launch proprietary platform in New Jersey

Kindred has received final approval for its proprietary platform from the New Jersey Division of Gaming Enforcement. Introducing the Kindred platform in New Jersey will provide an enhanced customer experience, better analytics, and improved flexibility. The platform is expected to go live in mid-May.

- Kindred Group plc (Kindred) has received final approval for its proprietary gaming platform from the New Jersey regulator, the Division of Gaming Enforcement (NJDGE). The approval is an important step towards rolling out the Kindred platform across Kindred's North America footprint.

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