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Beyond Axie: The Next Generation of GameFi Projects Moving Gaming On-Chain

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Beyond Axie: The Next Generation of GameFi Projects Moving Gaming On-Chain

Axie Infinity, the one play-to-earn (P2E) blockchain game to rule them all, is a lot like Bitcoin for the larger crypto ecosystem. Like Bitcoin, it is the biggest name on its market, a powerhouse that has the eyes of the mainstream public and the crosshairs of most competitors.

Also like Bitcoin, it is no stranger to controversies, from its inflation plights to the recent hack of its Ronin chain. 

As worrisome as they might be, Axie’s current struggles are unlikely to be the undoing of a P2E game that famously helped people in several emerging economies put food on the table during the worst of the COVID era. They do, however, open the door to some introspection for the industry, giving it more leeway to move beyond Axie’s model, experimenting with new approaches, tokenomics, and design philosophies. 

Driving these debates will be a new generation of blockchain games pushing the industry forward—here are a few titles that stand out in their ranks.

Kryptomon: Ready, steady, hatch!

Kryptomon, a living NFT-powered game on the BNB Chain, picks up on themes close to the heart of any 90s kid, getting Tamagotchi- and Pokemon-style gameplay up to speed with the blockchain era. It puts players in the shoes of Kryptomon trainers hatching and taking care of their creatures before venturing out to explore the game’s world in player-versus-environment and player-versus-player challenges.

The game is set in its own Metaverse and puts heavy emphasis on its lore and narrative, which players can explore through its webcomic. Those longing for more can find character logs and diary entries published on its Medium alongside the community news and new feature releases. The project aims to eventually build a 3D world that players can explore from both desktop and mobile devices. 

At the current stage, Kryptomon offers players a Tamagotchi-style experience where they hatch their monsters from eggs and take care of their needs, feeding and training them. They can also breed their NFT creatures to get new, stronger ones. The game spearheads the push into the “Living NFT” design, with each monster based on a unique set of genes that they can pass on to their offspring. Gamers met the project with a sweeping enthusiasm, buying up all of the initial NFTs in one second. 

Levana: Edutainment, crypto-style

While most games offer users nothing but entertainment, Terra-based Levana Finance takes things further, using gamified apps and services to educate users about DeFi basics. It offers users a platform for trading with leverage of up to 2X—and a whole array of games and products drawing on the lore behind its sci-fi setting.

In the Levanaverse, the year is about 2,500 AD, and humans have managed to expand to Mars, colonizing the Red Planet. But the process did not go as smoothly as planned, and now, as the way back home is cut off, the colonists have to build up their nascent civilization in the inhospitable world. Four distinct factions emerge to vie for power, as they usually do in sci-fi, from the scheming Council to the rebellious Free Martians. Oh, and there are also dragons!

Expanding its universe through new gaming projects and other mediums, from comic books to novels, Levana works to introduce more users to crypto and Web3. In doing so, it places the bet on the entertainment factor, giving its audience not just dry dashboards, but entire experiences brimming with lore and character.

Spielworks: To dungeons deep and caverns old

If Levana works to introduce users to crypto and leveraged trading, Spielworks, a German developer of blockchain apps and services for gaming and finance, took aim at something different in its own venture into the edutainment field. Its recent multi-chain Wombat Dungeon Master NFT game introduces users to the concept of NFT staking, enabling them to earn on the non-fungible tokens in their possession.

The game sees users stake their NFTs into the proverbial Dungeon and send out their Wombats on a treasure hunt. Delving deep into the great below, the Wombats mine useful resources and gain Experience points, which allow them to level up and bring in more rewards. Besides introducing the users to staking, the game also works as a showcase for NFT collections from dozens of partner projects.

The Wombat Dungeon Master game is part of the larger network of P2E services that Spielworks is building. Its other solutions include the Wombat Wallet, a multi-chain crypto wallet built for gamers, and Womplay, a platform that allows users to earn crypto and NFTs by simply playing dozens of the supported mobile and Web games. The company works to promote blockchain adoption in the larger gaming industry, with actual gamer ownership over in-game assets as its major goal.

Monoverse: Of dinosaurs and fruits

Monoverse, a leading Korean blockchain game developer, is offering users its own take on the reptilian theme we touched upon earlier with the dragons. Its own NFT game, Frutti Dino, enables anyone to become the owner of a cartoony NFT dinosaur exploring—you guessed it—the Dinoverse. Users can train their digital reptiles, craft various items for them, breed them to get new ones, and send them to take part in a variety of challenges, from battles to races.

Fruitti Dino will be just one of the blockchain gaming projects and services that Monoverse is building. The company is also working on a marketplace that will allow users to trade their NFTs. Its other blockchain project is Pieta, a social platform for digital art connoisseurs that also utilizes NFT technology.

Monoverse is expanding its gaming portfolio, too, venturing out into the casual strategy genre with mobile titles Hero Fighters and Kingdom of Warfare. 

The Six Muskotiers: Blade and bullet do the trick

“All for one and one for all,” Dumas’s Three Musketeers famously proclaimed. Now, their battlecry can ring through the crypto space, which is, as usual, upping the ante by making it double. And of course, The Six Muskotiers, a new P&E title, also throws in a dog into the equation, because anything is better when a dog is involved.

In fact, Shoki, the pup of the six Muskotiers, is at the center of the game’s lore as he kicks off an accidental shuttle launch. This sets off a string of events that pits the kids against an ominous AI looking to take over humankind. To prevent this, the protagonists arm up with their Muskogear, from swords to rifles and heavy armor, and head to the arena.

The game draws inspiration from classical multiplayer titles such as League of Legends to offer players tactical single and multiplayer gameplay. It uses procedural generation for its levels, resulting in endless replayability, and features a variety of character archetypes split across three roles: Striker, Midfield, and Defender. The developers are making their product cybersport-friendly, creating the foundation for a competitive scene to rise in the future.

XMANNA: Adding more game to your game

While e-sports are long past their obscurity stage, now garnering million-strong audiences and the attention from top advertisers and sponsors, traditional sports see their popularity dwindling—especially among younger viewers. XMANNA, a company working to bring the sports industry on the blockchain and Metaverse rails, tackles the problem with a multi-pronged approach, where gamification is one of the core pillars.

The company recently inked a partnership with the Inter Miami CF Major League Soccer team, owned by none other than David Beckham. Besides seeing its logo placed on the sleeve of players’ jerseys, XMANNA will work to help the club connect with the fans in a new way, amping up the engagement and entertainment efforts.

XMANNA’s solution gives game developers and sports clubs a toolset for easy integration, enabling clubs to offer fun gamified experiences during ad breaks in-game broadcasts. It also offers clubs a white-label loyalty platform that can be tailored to their needs as well as Metaverse stadiums, which work as an NFT ticketing solution and a stage for digital concerts and other virtual events. 

Time Raiders: Shoot ‘em and loot ‘em

While most video games tend to stick to only one historical period in their setting, that’s not good enough for Time Raiders. Instead, the P&E title sends players on an epic treasure hunt spanning a plethora of eras and locations, from China of the Three Kingdoms period to a steampunk version of Victorian London. In all of these, time-traveling gamers will be running and gunning their way through crowds of enemies to collect valuable loot and bring it back to the mother base.

Built by veteran developers, the game runs on the Unity engine, ensuring a quality user experience and great visuals. It offers players riveting and fast-paced gameplay, including player-versus-player and player-versus environment modes. Besides the regular weaponry, such as handguns and sniper rifles, it will allow players to call in the heavy cavalry—from mobile artillery to fighter planes and bombers.

The game’s economy will heavily rely on NFTs to handle ownership over most in-game assets, from the firearms and war machines to entire levels, which players will be able to lease for exclusive access. While many NFT titles come with an upfront cost for entry, Time Raiders will be free for anyone to join in and start playing. And it also has already released a dinosaur as one of the in-game boss monsters, so for those counting the reptiles, here’s another one.

BattleFly: Flutter like a butterfly, sting like a fighter jet

As cool as the dinosaurs are, BattleFly, an NFT strategy game, instead turns to creatures that are way smaller and more gentle than the primordial predators. You wouldn’t want to upset the butterflies from its universe, though, as these are not your regular peaceful insects. They are the most advanced weapons systems out there, and they are ready to fight.

After hatching their BattleFlies from their cocoons, players send them to Gardens, where they look for weapons to equip and hone their combat skills. They can also send their weaponized insects to Hyperdomes, the battle arenas where BattleFlies face off against one another to bring their owners rewards.

BattleFlies is part of the larger TreasureDAO Metaverse, a hub world connecting multiple Metaverse, gaming, and crypto projects. BattleFly aims to expand its inclusive integration with Treasure over time, adding support to its NFTs and engaging with other platforms in this space.

OVER: Virtual experiences, real world

While with most video games, whether blockchain or not, the players can usually just sit back with a controller or keyboard before them and enjoy, OVER works as the backbone for more active experiences. Its platform works as the infrastructure for Pokemon Go-style adventures tapping into the augmented reality (AR) technology to bring the users digital experiences in the real world.

OVER uses blockchain and NFTs to handle ownership over the Spatial Locations, hexagons of real-world space. Whoever holds the NFT for a specific real-world location will control the AR experiences available there. Thanks to the location scanning data the company has collected, its AR applications are very precise in terms of virtual object location, enabling intricate and detailed designs. 

OVER’s products include a robust SDK for developers to build and integrate their AR experiences with its platform. Besides the most basic projects, such as virtual objects placed at a specific location, it supports more complex applications, including interactive experiences and entire P2E games.      

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

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Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets

Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard's Assets

The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts.

Embezzlement Investigation and Asset Freeze

The Seoul Metropolitan Police Agency’s Cybercrime ​​Investigation Unit announced Monday that it has launched an investigation into possible embezzlement by an employee of Terraform Labs, local media reported.

An official from the Seoul Metropolitan Police Agency was quoted by Chosun as saying:

We have received information that there is a person suspected of embezzling corporate funds who is believed to be an employee of Terraform Labs.

The police received reports of the alleged embezzlement in the middle of this month and have been looking into the case. As part of the investigation, the police plan to check the details of cash and crypto transactions of Terraform Labs and the Luna Foundation Guard (LFG).

The police explained that there is evidence that embezzled funds had flowed into the Luna Foundation Guard’s accounts. The cybercrime unit has therefore requested major domestic cryptocurrency exchanges, such as Upbit and Bithumb, to “urgently” freeze the accounts belonging to the Luna Foundation Guard to prevent withdrawals of funds held at crypto exchanges.

However, the police’s freeze request is not a compulsory matter according to Korean laws and regulations but a matter that needs to be arbitrarily performed by each crypto exchange. Therefore, it has not been confirmed whether the freeze requests have been carried out, the publication conveyed.

Cryptocurrency terra (LUNA) and stablecoin terrausd (UST) collapsed earlier this month after UST lost its peg to the U.S. dollar.

Following the collapse, the Korean government launched an emergency investigation into the two coins and met with representatives of the country’s top crypto exchanges to discuss measures to prevent similar incidents from happening.

Last week, a number of victims filed a lawsuit against Terraform Labs CEO Kwon Do-hyung (aka Do Kwon) with the Seoul Southern District Prosecutors Office on charges of violating the Act on the Aggravated Punishment of Specific Economic Crimes (fraud) and the Act on the Regulation of Similar Receipts.

In addition, Do Kwon dissolved Terraform Labs Korea days before the collapse of LUNA and UST. While many suspected foul play, Kwon claimed that the timing was just “coincidental.” He also claims that his company does not owe the Korean government any taxes.

What do you think about this case? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Registration For The Upcoming VERSE Token By Bitcoin․com Is Now Open

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Registration For The Upcoming VERSE Token By Bitcoin․com Is Now Open

press release

Registrations are now open for the VERSE token sale, which will begin in the later part of June 2022. Interested parties who register can participate in the token sale immediately upon launch.

Miami, Florida – May 23rd, 2022 – VERSE is the rewards and utility token distributed to holders who participate in the Bitcoin.com ecosystem. Bitcoin.com is a global leader in introducing newcomers to cryptocurrency and is the go-to platform for educational resources, news, and more. Bitcoin.com’s ecosystem includes 30 million wallets and more than five million monthly active users across various products and services.

The VERSE token will reward users who engage in buying, selling, spending, swapping, and staying informed about cryptocurrency. Rewards will be allocated by interacting with the Verse DEX, staking VERSE, cashback paid in VERSE, and using VERSE as collateral in various lending pools. Additionally, token holders will receive access to exclusive products and services.

VERSE is a cross-chain token using the ERC-20 token standard on the Ethereum blockchain. The Verse team will actively explore opportunities to expand the token into low-fee Ethereum Virtual Machine-compatible networks to provide an optimal user experience.

The VERSE supply is fixed at 210 billion tokens, distributed over seven years through a block-to-block approach. A further breakdown looks as follows:

  • 10% sold during Sale A (completed in May 2022)
  • 6% being sold during Sale B (coming in June 2022)
  • 15% allocated to the team
  • 35% set aside for ecosystem incentives
  • 34% will be used for funding future development of Verse and its ecosystem

The first token sale raised $33.6 million last month from notable market participants such as Blockchain.com, KuCoin, and Digital Strategies along with thought leaders like Roger Ver, Jihan Wu, and David Wachsman.

“We were honored to see such outspoken support during our first token sale round. Furthermore, we could not be more excited about bringing our second token sale to the public and providing more people with access to VERSE. This new utility token marks a crucial milestone for the Bitcoin.com ecosystem. It will enable us to enhance the mainstream appeal of cryptocurrency and blockchain through our buy/sell services, news coverage, and educational tools” said Dennis Jarvis, CEO Bitcoin.com.

To participate in the upcoming VERSE token sale, interested parties need to register on the Verse website. They will be the first to know when the VERSE token sale is live.

Registrants need an Ethereum wallet – such as the Bitcoin.com Wallet – to receive the VERSE tokens. Payment for the token sale is possible with Bitcoin, Bitcoin Cash, Ethereum, USDT, and USDC.

The Verse community already counts over twenty-five thousand participants combined across Telegram and Discord. VERSE tokens will be minted following the conclusion of the Verse public sale in July.

The VERSE token sale is not available to U.S. purchasers.

Bitcoin.com

Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam

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Popular Radio Presenter Suspended for Alleged Ties to Bitcoin Scam

South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in the bitcoin investment scheme.

300% Return on Investment

The South African state broadcaster recently suspended one of its radio presenters, Sebasa Mogale, after a media exposé suggested he may have been part of a cryptocurrency scam outfit that reportedly promised a 300% return on investment.

The decision to suspend the popular broadcaster, who also plays a role in South Africa’s popular television series Skeem Saam, was made after an investigative report by the media outlet Carte Blanche identified him as one of the masterminds behind the scam that allegedly fleeced more than 100 people.

Reports of Mogale’s suspension were confirmed by Gugu Ntuli, the South African Broadcasting Corporation (SABC) group executive responsible for corporate affairs and marketing. In a statement, the executive said:

Thobela FM has taken a decision to unschedule Sebasa Mogale, (Ntshirogele) Afternoon Drive presenter, following the Carte Blanche exposé. Mr Mogale is being afforded an opportunity to resolve the issues raised in the recent broadcast which pertain to his personal business dealings involving cryptocurrency.

Ntuli added that the SABC will “leave no stone unturned” in its own probe into Mogale’s role in the scam.

A Confidence Trickster

According to an exposé by Carte Blanche, Mogale had used his celebrity status to lure some listeners of his radio show to invest. The media outlet’s report said investors with no training in personal finance management had “cashed in their pensions and savings policies.” However, in the end, Mogale’s promises turned out to be empty.

“But for at least 140 people the man they trusted to guide them through the crypto maze appears to have been little more than a confidence trickster,” reads part of Carte Blanche’s summary of the exposé.

Following news of Mogale’s suspension, some of the victims of the scam have come forward to reveal their losses. Sello Bonoko is quoted in another report explaining he became a victim after he listened to Mogale’s bitcoin investment pitch that “sounded convincing.” He also said he trusted Mogale’s promises primarily because these were made on national radio. Bonoko said he lost more than $14,500 (R230,000).

Meanwhile, a spokesman for the South African police is quoted in the report telling Mogale’s victims to file reports with law enforcement. He said the police can only act after formally receiving the complaints.

What are your thoughts on this story? Tell us what you think in the comments section below.

Terence Zimwara

Terence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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