Animoca Capital, Stripe Taking Cryptocurrencies, Music Industry & Party-to-Earn, And More Web 3.0!
A lot has happened lately in Web 3.0, which shows progress and intent as well as growth after the FTX incident. With 2022 drawing to a close, several games are coming up with updates and launches to make your holidays worthwhile. We will discuss these updates and launches for games like Mojo Meele, Cryowar, Colonize Mars, and Treeverse. Also, War Park is ready to come forward with its first community preview, and Mist is going for its pre-alpha test.
On the business side of the Web 3.0 industry, we have Animoca Brands launching Animoca Capital. Moreover, Swords of Blood landed hefty funding, Splinterlands thought outside the box, the multi-billion dollar music industry embraced Web 3.0 as in something like Party-To-Earn, Play-to-Earn games changed dynamics, Fenix Games raised $150 million, and Stripe took cryptocurrencies on board. 9GAG and their metaverse, and Battle of Guardians.
We have all of the latest updates for you in one place; stay up to date and read the full stories below to find out what’s new in the crypto industry.
Animoca Brands Sets Up Animoca Capital
Animoca Brands has set up a $2 billion fund at Animoca Capital. Animoca Brands is a huge name in the gaming industry and acts as a gaming investment firm in Web 3.0. Some of the Web 3.0 games with Animoca Brands’ investment are The Sandbox, Alien Worlds, Axie Infinity, and Decentraland. Its newest venture, Animoca Capital, is a metaverse fund that will invest in metaverse projects starting in 2023. So, we may expect growth in metaverse projects, especially in Asia, next year.
Stripe takes Cryptocurrencies on Board
Next, we have Stripe, a famous global online payment processing company that takes cryptocurrencies on board by introducing a fiat-to-crypto on-ramp. By putting out a widget that can be directly embedded on different Defi platforms, the company will make it possible for its customers to exchange USD for cryptocurrencies. This will make Defi more accessible and help it reach Web 2.0 users, which is especially important now that the centralized Defi exchange, FTX, has shut down.
Nowadays, a common way to on-ramp fiat to crypto is to buy cryptocurrency from centralized exchanges like Kraken, Binance, and Coinbase and then transfer it to a third-party wallet. This method has failed to impress mainstream users so far. Also, developers have to deal with fraud and the need to follow complicated KYC requirements. This is where Stripe comes in and offers solutions to tasks related to KYC, payments, fraud, and compliance. Stripe’s services will start in the US initially and gradually move to other countries.
Electronic Music Welcomes Party-to-Earn
The electronic music industry is about to get a restoration like never before. There is a blockchain crypto project designed specifically for clubbers, festival goers, and electronic music fans. The project is known as Kulbcoin, and it is one of a kind in the crypto industry as well as the electronic music industry. It wants to make a cryptocurrency that everyone in the electronic music world can use. The cryptocurrency will help fans earn rewards like VIP access to events, meet and greets with famous DJs and music artists, and more.
Klubcoin will employ a new business model called Party to Earn. This model, like the play to earn model for games, will aid in the decentralization of music and festival events. Klubcoin will help bring down exorbitant entry barriers like sold-out, costly tickets. Take, for example, the recent Tomorrowland 2022 music festival. The base ticket for Tomorrowland 2022 was $280, and the same goes for other festivals and concerts. This practice destroyed the spirit and roots of electronic music, which people of all ages and groups gather to enjoy.
So, Klubcoin steps in to even the playing field by letting fans buy tickets to events that are sold out at reasonable prices. It will also give discounts on food and drinks and give people access to Klubcoin parties and meetups. Klubcoin also plans to bring fans, creators, and artists onto the same platform. This will give people who make music a chance to reach more people and connect directly with their fans.
Play to Earn Games Recent Updates and Launches
Swords of Blood, a one-of-a-kind, fast-paced hack-and-slash crypto game, received $1.6 million in funding. The MMORPG blockchain NFT game is a free-to-play game with AAA elements running on the Polygon network. Check out the game’s review here.
Splinterlands’ in-game market gets a new update that lets players trade things other than cards. This is a welcome change. This will help the non-card market flourish; these items may include totems, titles, packs, land plot claims, and more.
As for other games, we have “Colonize Mars” planning to launch its closed beta sometime next week. The closed beta will give players an early look at how the game works and let them give feedback to the developers. Moreover, the closed beta will offer a first look at the game, where building, maintaining, and running a colony on Mars will come into effect. The game’s closed beta will continue until the first quarter of 2023.
We also have Mist moving forward with its game and opening the next phase of its pre-alpha. This stage is only available to players who have Tier 3+ items or a large number of MIST tokens. So, if you don’t have game NFTs or tokens, then you shall wait a little bit longer.
Another game going for a test run is War Park, a MOBA based on tanks like Spider Tanks. The developers decide to run a simulation test between the 16th and 18th of December. War Park announces a playtest for its community, and everyone can take part in it. The game will let you feel the nostalgia of WWI and WWII as it uses historical tanks instead of futuristic ones.
The last game is Farming Tales, which has a new update that adds a new town to the metaverse called New Waxchester. And if you are into Cryowar, then register for its open beta access and experience intense PvP and PvE battles.
As for some other news from this past week:
“Battle of Guardians”: A PvP Fighting Blockchain NFT Game that Will Break the Fighting Game Genre. Battle of Guardians uses the Unreal Engine and is powered by Solana Network. This game is a treat for fighting genre gamers who play games like Tekken, Mortal Kombat, Street Fighter, and more. However, the catch here is that “Battle of Guardians” offers several rewards to its players that have real-world value. So, the grinding and practicing in Battle of Guardians are worthwhile. Moreover, players engage in multi-dimensional, multi-realm battles in an expansive open world.
“9GAG” embraces Web3 and announces Memeland, an upcoming metaverse project. A new metaverse project is officially on the cards, and a renowned team is ready to take the leap. We all may have come across or known 9GAG at some point in our lives. For those of you who don’t know 9GAG, it is a social platform where people share funny stuff in the form of memes and get upvotes from the community. The platform was started way back in 2008 and now enjoys an audience of more than 200 million. This popular social platform is known for meme creation, meme sharing, and, most importantly, making people laugh. The same team, with millions of viewers, is now launching its own metaverse project, the Memeland. Memeland is a web-focused venture studio. The mantra, however, remains the same: connect the creators and the community with the addition of NFTs and MEME.
Web3 gaming keeps getting better because new projects keep getting money and investments. Fenix Games has raised $150 million to start a new blockchain game publisher that will be different from the others. The company plans to launch a publisher as well as a platform for blockchain games that will help these games hit the market. Fenix Games plans to invest in, buy, and publish blockchain games that already exist and those that will be made in the future.