Axie Con, Blockchain Games Report, DAOs, ETHPoW & more
We are seeing more serious builders, top games growing even higher, and money continuing to pour in as we fight market resistance.
Hello Web3 builders, enablers, and leaders,
It’s happening!
After years of delay, the King of Altcoin, the second biggest cryptocurrency by market cap, built by Vitalik Buterin and his team in 2015, is undergoing the biggest change from PoW consensus to PoS consensus mechanism.
The event that many consider to be one of the biggest in the crypto space after the Bitcoin genesis is facing its deciding point in less than 24 hours.
While many believe this is the right step for the general purpose blockchain for scalability, low transaction cost, and low energy consumption, it is also a tradeoff with the ‘security’ of the chain, as some “commented.”
As the world will witness ‘The Merge,’ the miners of Ethereum announced their plans to fork the Merge and maintain a proof-of-work version of Ethereum (ETHPOW).
While the web3 games ecosystem has seen less noise in the past few weeks, we are seeing more serious builders, top games growing even higher, and money continuing to pour in as we fight market resistance.
Kuzote Lohe
Researching on Web3, Gaming & Blockchain
Axie Con
“Going through hard times and seeing plenty of sensationalist headlines, while challenging, brings the community closer together.” that was what Aleksander Leonard Larsen, aka Psycheout, said at the recently concluded #AxieCon held at Barcelona.
Sky Mavis’s Axie Infinity announced a number of new features, developments, and partnerships at the conference.
The game will roll out ‘Contests’ later this year to keep players engaged and reward them.
As part of Axie's approach to Decentralized Governance, the team layout the complete phases towards full decentralization in the future of Axie.
Update of the Land: Project Kingdoms,
Future of Project K,
Trading and Idle Combat,
App.Axie: The Future of the Marketplace,
The three co-founders also present "Founders’ Keynote: The Next Axie Is Axie.”
Axie To The Moon: Alpha Release End of 2022
And new additions to Builders Program!
SkyMavisHQ also announced esports grants totaling $2.4m to use for tournaments and invitationals.
One bullish thing about the conference is Google cloud joining Ronin Network as the 18th validator.
Read more here: Axie Con
Top games are growing, despite the market situation
Web3 games related activities continued to dominate more than 50% of the total Unique Active Wallets last month, according to DappRadar Blockchain Games Report. Web3 gaming and metaverse projects saw $748 million in funds raised last month.
The most played web3 game in August was Alien Worlds with 197,555 average daily UAW, while Gameta, a Solana-based game, increased its daily average UAW by 33% since July to become the second position among BNB Chain Decentralized Applications (dApps). Splinterlands continue to maintain remarkable growth exceeding more than 3 billion battles played, while Axie Infinity surpasses $4 billion in all-time NFT sales.
Read the full report here: DappRadar X BGA Blockchain Games Report #7
“The Power of DAOs for Social Good”
At the Neckerverse summit on Necker Island, British Virgin Islands (BVI), YGG Co-Founder Gabby Dizon, and other gamers, artists, builders, creators, and contributors come together to talk about the future of web3.
This is a wonderful story to read at times like this when the market is “cold,” tourists have gone, and builders are building. Just as believers took a leap of faith in the late 1990s in the future of the Internet and Social Media, today, the same believers are coming back together to seed the plant of how the future of web3 will look.
Read this wonderful story and get inspired if you are building for the future of web3: YGG Co-founder Gabby Dizon Shares the Play-to-Earn Story at Neckerverse Summit
From Google Sheets to a DAO
Everyone who is in web3 knows that DAOs are the future of companies and organizations, but starting and running a DAO takes more than most people think. When it comes to community and DAOs, many founders think of them as marketing tools, but it is the opposite. Great Web3 founders built community, so they don’t need to do marketing, not the other way around.
Julia Lipton from DAO Masters shares how their DAO starts from a viral tweet asking for contributors to build a tool to launch, manage and grow DAOs.
Listen to the full story here: From Google Sheets to a DAO · The story of DAO Masters
Ethereum is finally moving to PoS
As we witness the long-awaited Ethereum Merge, where the blockchain moves from PoW to PoS consensus mechanism, miners of ETH PoW will lose their income stream as their rigs will be out of use. Instead of just sitting and watching, they decided to fork and continue with ETHPoW. As this is lightly to play out, many things that we don’t know will happen, either for good or bad.
The only way to avoid catastrophe loss is to stay informed.
Read on: How to Win the Ethereum PoW Fork
What projects the biggest Web3 Games investor, Animoca Brands is investing in?
No doubt, the Web3 games are attracting more and more venture funds to the ecosystem. And more than once, it looks like the VCs and Angles are playing the number game without knowing if the project is viable. Among the VCs, Animoca Brands, a Hong Kong-based game software company and venture capital company, has been massively bulling on the ecosystem.
Animoca Brands is valued at more than 5.5 billion and has invested in more than 200 companies to build its vision of a "metaverse" based around blockchain technology.
Read more on: Projects the biggest GameFi investor Animoca brands is investing in
More reading:
Burn Mechanics in Web3 Games to Create Sustainable Economies
The Ethereum Merge Matters for Everyone in Crypto
What’s happening?
Where is the money?
Web3 game developer Revolving Games closes $25 million seed funding round
Blockchain Game NEO FANTASY Announces $1.5 Million in Funding Led by Crypto VC Shima Capital
Internet game Raises $7M to Reinvent HQ Trivia
Stella Fantasy Raised $8M in Private Round to built Web3 Games
Podcast
Beryl Li: Gaming Evolution in the Metaverse
What else?
Square Enix becomes validator on gaming blockchain Oasys
Axie: Origins Season 1 Starts Today!
Previous issues
The Can’t Be Evil NFT Licenses, the Merge, Future Of On-Chain Gaming, and more
DeFi, GameFi, SocialFi: Pillars of Web3 and more
Building on-chain fully is hard; what about web2.5?
Gaming Guilds- The new way to communicate in gaming.
5 elements to consider before building web3 games.
Do Sports games in Web3 have a product-market-fit?
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I will write to you again next week; until then, happy building, gaming, and investing.
Kuzote Lohe
Researching on Web3, Blockchain at Librty