Illuvium’s collapsing token represents the problems with GameFi

    GameFi developers have been focused on raking in money — and they’ve forgotten that they need to make games fun in order to win over players. Blockchain games began as a means to effectively test technology’s true potential. However, making sure they reach that potential remains a challenge. While Illuvium was one of the most highly anticipated…

    Immutable zkEVM begins testnet phase with 12 Web3 games in development

    The Web3 gaming company announced that its fully Ethereum-compatible network is now available for public testing. Web3 gaming platform Immutable has commenced public testing of its Immutable zkEVM in collaboration with Polygon Labs. Work on the zero-knowledge Ethereum Virtual Machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon’s own…

    Immutable’s Gods Unchained launches on Epic Games Store

    The trading card game, which features NFT cards, will now be available to Epic Games’ 230 million customers. Immutable Games’ Web3 trading card game Gods Unchained is now listed on the Epic Games Store and is available to its 230 million customers, according to a June 21 announcement. Gods Unchained is a collectible trading card game…

    DappRadar: Metaverse and blockchain gaming least affected by bear market

    Blockchain gaming and metaverse projects seem to have been making over the bear market much better than the other market niches. Despite the crypto market crash, the GameFi sector has spiked by 9.51% in the second quarter of 2022. According to a new report from DappRadar, blockchain games have sidestepped the ensuing bear market and…

    DeFi’s downturn deepens, but protocols with revenue could thrive

    The majority of the top 100 DeFi tokens traded in green, with many registering double-digit gains over the past week, resumes Prashant Jha in Finance Redefined digest on Cointeleptaph. This past week, the DeFi ecosystem saw several new developments related to the DeFi lending crisis as Celsius filed for bankruptcy. At a time when bears…

    Burn-to-Earn: German entrepreneur in Dubai merges fitness and crypto

    Ferhat Kacmaz, a German entrepreneur who moved to Dubai, took the risk of merging fitness and crypto, incentivizing his customers to train with cryptocurrency in his own “burn-to-earn” app Fit Burn. His Fit in Time chain has already spread in the UAE, Bahrain, and Kuwait, with plans to soon open in Saudi Arabia, reflecting the…