In a significant development for the blockchain gaming and decentralized finance (DeFi) sectors, Polygon (MATIC) has emerged as the undisputed leader in GameFi, boasting the highest number of active wallets across all Layer-1 solutions over the past 90 days. .@0xPolygon has the most active GameFi wallets out of all Layer-1s
The GAM3 Awards are the first of their kind and have already attracted the attention of some of the biggest names in the web3 gaming sector. Polkastarter Gaming will be hosting the event on December 15 to award the top web3 games of the year based on votes from industry professionals and
The GameFi platform Arcade has secured $3.2 million in early investment for its mission to make web3 gaming accessible to everyone. Arcade’s notion of mass-market gaming in which anybody may earn monetary incentives attracted a number of industry giants and well-known investors. The seed round was led by Crypto.com and
Hyperchain X’s first product,the gaming NFT marketplace and NFT mystery boxes Launchpad,is going to be launched on the 1st of October. Hyperchain X is the world’s first community driven token in gaming. The NFT marketplace of Hyperchain is fully dedicated to the gaming industry and designed for gamification. Users can
The producers of Fortnite have granted the team an Epic MegaGrant. The program encourages the development of noteworthy, original works. Epic Games has provided funding to Grease Monkey Games, an Australian indie studio that is a subsidiary of Animoca Brands, so that they may create Torque Drift 2, a blockchain-based
Decentralized finance is gradually becoming a mainstay in users’ daily lives worldwide. With the help of blockchain technology, DeFi is getting closer to replacing traditional financial methods and revolutionizing the finance industry. According to a Coinshares report, an institutional crypto investing platform, more than $9.3 billion in annual institutional inflow
In the traditional Internet field, the growth of games has always been in a strong position compared to other sectors, especially in the global outbreak of COVID-19 in 2020. After the online economic stimulus, the online gaming sector saw rapid development in 2020. According to Newzoo’s 2021 market summary report,
Several new projects are entering the crypto industry each day and the volume is growing gradually. The current trend in the crypto market is NFT, GameFi, and metaverse projects. While the rise of GameFi and metaverse projects depicts the importance and potential of these sectors. The updates and advancements in
DeFi Kingdoms is challenging Axie Infinity with its P2E and NFT gaming. Known as GameFi, blockchain gaming exploded in 2021. The enthusiasm around blockchain-based play-to-earn games in 2021 has proved the interest and scope, with both new and existing initiatives aiming to inject new life into the industry. Known as
Players will be able to purchase and sell stuff on several blockchains. LD Capital and Akatsuki also participated in the funding round. For users looking for a location where they can buy anything from avatars and rare weapons to virtual land and pets, Lootex is going to be their one-stop-shop
