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Play-to-earn games reward participants with digital cash or non-fungible tokens. In recent years, these blockchain-backed games -- also known as P2E -- have gone mainstream, becoming a core ...
In February 2022, Immutable announced a $100 million fund in partnership with GameStop to offer grants for NFT gaming projects. [3] The following month, the company raised $200 million in Series C funding led by Temasek , with participation from Tencent and Animoca Brands , valuing the company at $3.5 billion.
While NFT rentals, P2E gaming and blockchain technology are alien to most people in the mainstream, one storyline is playing out that’s familiar to just about everyone.
In October 2021, Valve Corporation banned blockchain games, including those using cryptocurrency and NFTs, from being hosted on its Steam digital storefront service, which is widely used for personal computer gaming. The company said this was an extension of their policy banning games that offer in-game items with real-world value.
NFTs are quickly gaining popularity – especially in the online gaming space. Learn how NFTs work in online games and how to cash in on their value. NFT-Based Video Game Helps Gamers Earn Crypto ...
Co-founded by Kieran Warwick [1] in September 2020, Illuvium began developing a blockchain-based gaming platform. The game Illuvium combines features of an open-world role-playing game (RPG) with an autobattler and a monster-taming game.
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Development of Axie Infinity started in 2017, led by its co-founder and CEO, Nguyen Thanh Trung, alongside Tu Doan, Aleksander Larsen, Jeffrey Zirlin, and Andy Ho. [24] [25] Nguyen had previously spent money on the game CryptoKitties before he began work on his own blockchain-based game, combining elements of CryptoKitties with gameplay from the Pokémon series or Neopets.