Nfts

Top Trends in Blockchain Gaming in 2024

Published

9 months ago

16 July, 2024

This article outlines the top blockchain gaming developments for 2024. Learn how next year’s technologies like NFTs, play-to-earn methods, and other breakthroughs will completely transform the industry.

Disclaimer: The opinions expressed in this article do not necessarily represent those of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no liability for investment decisions made based on the information provided in this article.

The rise of play-to-win games

Blockchain games are changing the gaming landscape by introducing real-world incentives like NFTs and cryptocurrencies, reinventing traditional gameplay.

These “play-to-earn” games, derived from decentralized finance (DeFi) protocols, encourage player participation by offering the opportunity to win prizes while playing.

Similar to a Bitcoin Casinowhere players can play with cryptocurrency, these games allow players to earn money by completing tasks, reaching milestones, or participating in events.

This innovative approach to cash rewards enhances the gaming experience and provides players with profitable opportunities around the world.

Earn Rewards in Crypto Games

Blockchain games attract players with their incentives. Known as the best cryptocurrency games, these platforms allow players to earn cryptocurrencies by completing in-game tasks and challenges.

These profits can be exchanged for in-game items or real money, thus combining entertainment value with financial incentives. For example, in the game Axie InfiniteUsers can earn cryptocurrency by beating Axies, virtual pets.

Conventional gaming has become an engaging and lucrative pastime thanks to blockchain technology, which ensures secure transactions and virtually endless possibilities for cryptocurrency gaming.

Real value of game resources

Play-to-earn games use blockchain technology to provide in-game assets, such as currencies and items, with real-world value.

With this technology, digital Assets, which represent in-game achievements, can be held and transferred securely. Players on different platforms can exchange their virtual goods for real money.

The creation of player-driven economies in metaverse games, where in-game achievements have real-world value, exemplifies this phenomenon. This enhances the gaming experience and creates a vibrant market for game assets by motivating players to devote more time and effort to making a profit.

Best Play-to-Earn Games of 2024

Several excellent play-to-earn games have caught the attention of gamers in 2024. Like Pokémon Go, Axie Infinity lets players battle with Axies to earn Smooth Love Potion (SLP) tokens.

In this collectible card game, Splinterlands rewards players for completing quests and winning battles. In the open-world game Illuvium, players can earn ILV tokens by defeating legendary creatures.

Big Time mixes chips and profitability NFT with role-playing games. Some notable games that combine fun and financial gain are My Neighbor Alice, Revv Racing, and Battle of Guardians.

Integration of NFTs into video games

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NFT integration has enhanced blockchain gaming by enabling digital ownership, trading, and customization of in-game assets, greatly improving player engagement.

Because these exclusive digital products allow players to own, trade and customize their in-game assets, they encourage a higher level of engagement.

These components have sparked the development of thriving in-game marketplaces where users can buy, sell, and trade in-game goods.

This innovation adds a level of financial interaction to video games that did not exist before.

Digital Property and Secondary Sales

NFTs have completely transformed digital ownership by granting players complete control over in-game assets and enabling independent trading on secondary markets.

This new standard allows users to exchange tokenized objects across multiple platforms to ensure undisputed ownership rights.

The verifiable nature of NFT ownership enhances the gaming experience, increasing the legitimacy and reliability of investments in in-game assets.

Royalties are paid every time an in-game item is sold, providing game developers with a steady stream of revenue. Blockchain technology facilitates secure, decentralized transactions that increase transparency, reduce fraud, and build trust between all parties involved.

Popular NFT Games

Many NFT games are becoming increasingly popular by merging blockchain technology with the appeal of traditional gaming.

Players can earn Bitcoin prizes by breeding and battling valuable Axies in Axie Infinity. Over 450,000 people trade cards on Ethereum in the NFT trading card game Gods Unchained.

Splinterlands hosts millions of matches between players every day on the HIVE blockchain. Using MANA tokens, users can purchase and develop virtual land in the Decentraland virtual environment.

The Sandbox combines gaming with the economic possibilities of blockchain technology by allowing users to produce and exchange digital assets using SAND tokens.

Unique digital assets

NFTs offer in-game products with more exclusivity and verifiable ownership. Players have real power over each NFT since they are digital assets whose ownership is documented on the blockchain.

This allows for direct trading and sales, enhancing the gaming experience and adding value. Gods Unchained cards, for example, are immutable digital assets that guarantee their rarity and value.

By enabling tokenized gaming environments, NFT technology increases player engagement and enhances the gaming experience.

Enhanced security and transparency

Using blockchain technology in gaming improves security and trust by solving typical problems of traditional games, such as fraud.

Vital cryptography techniques and decentralization protect player data and digital assets from online attacks.

Every transaction made in the game is recorded in the immutable ledger provided by the blockchain, which greatly reduces the risk of dishonesty or manipulation. This ensures the transparency and immutability of each transaction.

Secure in-game transactions

Blockchain technology uses cryptographic techniques to protect players’ digital assets and personal information from attacks, ensuring secure gaming transactions.

Due to its inherent transparency, the risk of fraud is lower as each transaction is recorded in an immutable ledger.

NFT integration enhances asset trading by allowing players to buy, sell, and exchange goods using cryptocurrencies instead of going through conventional intermediaries.

This technology transforms the way gamers connect comfortably and improves the gaming community by promoting trust and security.

Transparent game mechanics

The transparency of blockchain technology, mainly through smart contracts, benefits blockchain games.

These self-executing programs simplify in-game transactions, reliably enforce rules, reduce reliance on trust, and ensure fair play.

Eliminating middlemen streamlines procedures and improves the overall gaming experience. Players feel more confident when using smart contracts because they ensure immutable rules and protect against manipulation.

Their implementation has significantly advanced the establishment of a transparent and fair gaming environment.

Virtual worlds and metaverse games

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Because blockchain technology makes immersive and interactive experiences possible, metaverse games are becoming increasingly popular.

These games combine virtual and real-world components, allowing users to interact with realistic avatars, explore vast environments, and have complex social interactions in a dynamic game environment.

Immersive gaming experiences

Advanced virtual reality and augmented reality technologies are used in metaverse games to deliver immersive experiences that simulate real-world interactions.

The distinction between digital and real life is blurred in these virtual worlds because of their vast landscapes, realistic avatars, and complex social interactions.

Players can create, own, and monetize virtual worlds through games like The Sandbox and Decentraland, earning SAND and MANA tokens.

Virtual worlds disrupt player involvement, allowing identities and resources to be transferred between different games. Illuvium, for example, offers a variety of gaming experiences within its networked realm.

The Future of Metaverse Gaming

Metaverse gaming has a bright future ahead of it; by 2024, it is expected to be worth $800 billion.

Significant technological investments and cutting-edge innovations, such as artificial intelligence and neural interface, will make virtual worlds more dynamic and realistic.

As innovation continues, the metaverse will become more immersive and dynamic, changing the way we interact with virtual worlds and opening up countless opportunities for creators and players alike.

Governance Tokens and Player Empowerment

Blockchain games give players governance tokens, which allow them to actively participate in the development process and have a say in important decisions.

Because of this decentralized decision-making process, games can develop in a way that is greatly influenced by the community and the games themselves.

Decentralized decision making

Decentralized governance is a feature of blockchain games that allows players to vote on in-game decisions using unique tokens.

For example, AXS token owners influence the development of Axie Infinity, while GALA token holders direct the strategic course of Gala Games.

In The Sandbox, SAND token owners also participate in the development of the platform. Decentralization encourages community participation and ownership.

Community Driven Development

In community-driven development, stakeholders participate in governance choices, vote on important initiatives, and provide input.

This encourages collective ownership and influences the course of the game. Blockchain game creators are embracing this trend, which values player feedback to produce successful and entertaining games that meet player expectations and foster a vibrant and vibrant gaming community.

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Nfts

NFTs Maintain Upward Momentum, Sales Volume Surpasses $107 Million

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

NFT weekly sales drop 9% to $145m, Bitcoin leads despite downturn

Non-fungible tokens, or NFTs, saw sales volume surge for the second week in a row, reaching $107 million, an increase of 8.5%.

A substantial increase in the number of NFT Buyers accompanied this growth, reaching 488,141 — a staggering increase of 89.56%.

On the other hand, the number of NFT sellers also increased by 69.8%, totaling 198,450, signaling an improved business environment and increased market engagement.

Below is a look at what happened in the NFT market over the past week.

Ethereum Maintains Leading Position While Solana and Bitcoin Follow

Blockchains by weekly NFT sales volume | Source: CryptoSlam

Over the past few weeks, Ethereum (E T H) continued to dominate the NFT market with $36.6 million in total sales, driven by 35,236 buyers, a 46.31% increase from the previous week.

Solana (GROUND) has emerged as a serious competitor, recording total revenue of $26.15 million, thanks to a substantial 114.07% increase in the number of buyers.

Bitcoin (Bitcoin) The NFT market also saw a notable surge, with total sales reaching $21.4 million, thanks to a staggering 222.29% increase in buyers.

Polygon (MATICS), which had the second best performance the previous week, saw its total sales volume drop by more than 15%, dropping it to 4th place just ahead of Immutable (IMX).

Other notable performances were achieved by Zora and Blast, which recorded the two largest percentage increases in sales volume, at 463% and 227% respectively.

Best Collections: Solana Monkey Business Shines

NFTs Maintain Upward Momentum, Sales Volume Surpasses $107 Million - 2 Ranking NFT collections by weekly sales volume | Source: CryptoSlam

Among the top NFT collections, Solana Monkey Business came out on top with $4.86 million in sales, an increase of 168.38%. The collection also saw a significant increase in transactions (137.34%) and buyers (130.84%).

The DMarket collection on the Mythos blockchain, which recorded $4.01 million in sales, came in a close second. Interestingly, this is the only collection among the top 5 by sales volume to see a decline in the number of transactions and buyers.

Immutable’s Gods Unchained cards also made headlines with $3.8 million in sales, an increase of 61.35%. This collection saw notable growth in both transactions (76.31%) and buyers (41.21%), a testament to the growing popularity of blockchain-based trading cards.

Best-Selling NFTs and Fan Tokens

In terms of individual sales, Ethereum’s Autoglyphs #167 led with a sale of $274,561, followed by Bitcoin’s Protoshrooms with $148,574. Other notable sales included BNB’s kNFT: Locked kUSDT and Arbitrum’s Umoja Synths, highlighting the diversity and breadth of the NFT market across different blockchains.

NFTs Maintain Upward Momentum, Sales Volume Surpasses $107 Million - 3 Top 5 Fan Tokens by Sales Volume

As can be seen in the table above CryptoSlamFan tokens also continued to see explosive growth, with Galatasaray’s token on the Chiliz blockchain recording a turnover of $280.5 million. This reflects an increase of 70149.47%.

FC Barcelona and Paris Saint-Germain followed with substantial sales volumes, indicating the growing popularity of sports-related NFTs.

Market consequences

The latest performance of the NFT market marks a significant turnaround, demonstrating resilience and renewed investor interest after a period of declining sales volumes.

This is the second consecutive week of improved sales, suggesting a potential upward trend. It is worth noting that this resurgence comes amid a broader recovery in the cryptocurrency market, which is currently valued at $2.55 trillion.

Major cryptocurrencies like Bitcoin, Ethereum, BNB, and Solana have all registered Prices have risen by double digits over the past week, further fueling optimism in the digital asset sector.

The correlation between rising cryptocurrency prices and the recovery of the NFT market could be an indication of strengthening investor confidence, setting a positive tone for the coming weeks.

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Nfts

APENFT’s One-Day Trading Volume Hits $16.67 Million (NFT)

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

APENFT's One-Day Trading Volume Hits $16.67 Million (NFT)

APENFT (NFT) fell 0.3% against the U.S. dollar in the 24-hour period ending at 9:00 a.m. ET on July 21. APENFT has a market cap of $8.54 million and $16.67 million worth of APENFT was traded on exchanges over the past day. Over the past week, APENFT has been trading 3.1% lower against the US Dollar. One APENFT token can now be purchased for around $0.0000 or 0.00000000 BTC on major cryptocurrency exchanges.

Here’s how other cryptocurrencies performed over the past day:

KILT Protocol (KILT) is up 1.9% against the dollar and is now trading at $0.20 or 0.00000302 BTC.
Aidi Finance (BSC) (AIDI) fell 2.2% against the dollar and is now trading at $0.0000 or 0.00000000 BTC.
Zoo Token (ZOOT) fell 2.2% against the dollar and is now trading at $0.0652 or 0.00000239 BTC.
CareCoin (CARES) fell 2.2% against the dollar and is now trading at $0.0809 or 0.00000297 BTC.
Kitty Inu (KITTY) rose 1.9% against the dollar and is now trading at $95.84 or 0.00338062 BTC.
Hokkaidu Inu (HOKK) rose 1.2% against the dollar and is now trading at $0.0004 or 0.00000001 BTC.
Jeff in Space (JEFF) fell 2.2% against the dollar and is now trading at $2.75 or 0.00010076 BTC.
Lumi Credits (LUMI) fell 0.7% against the dollar and is now trading at $0.0128 or 0.00000019 BTC.
AXIA Coin (AXC) fell 0.1% against the dollar and is now trading at $13.43 or 0.00048094 BTC.

About APENFT

APENFT launched on March 28, 2021. The total supply of APENFT is 999,990,000,000,000 tokens and its circulating supply is 19,999,800,000,000 tokens. The official website of APENFT is apenft.orgThe official APENFT Twitter account is @apenftorg and his Facebook page is accessible here.

According to CryptoCompare, “APENFT is a blockchain-based platform created by the APENFT Foundation to create, buy, sell, and trade non-fungible tokens (NFTs) on the TRON and Ethereum networks. It allows for the ownership and trading of unique digital assets such as artwork, music, videos, and more. It also provides tools for artists and creators to create and promote their own NFTs, as well as participate in community events and governance.”

APENFT Token Trading

It is not currently generally possible to purchase alternative cryptocurrencies such as APENFT directly using US dollars. Investors wishing to acquire APENFT must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as CoinbaseGDAX or Gemini. Investors can then use their newly acquired Ethereum or Bitcoin to purchase APENFT using any of the exchanges listed above.

Receive daily news and updates from APENFT – Enter your email address below to receive a concise daily summary of the latest news and updates for APENFT and associated cryptocurrencies with FREE CryptoBeat Newsletter from MarketBeat.com.

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Next US Vice President JD Vance Holds Bitcoin and NFTs, Expected to Boost MATIC and Algotech Post-Election

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

Next US Vice President JD Vance Holds Bitcoin and NFTs, Expected to Boost MATIC and Algotech Post-Election

The blockchain technology landscape is about to transform as JD Vance, the likely next US vice president, emerges as a strong advocate for digital assets. Recent reports suggest that Vance not only holds Bitcoin (BTC) and NFTs, but is also willing to back promising blockchain initiatives like Polygon (MATIC) and Algotech (ALGT) post-elections.

JD Vance’s Cryptocurrency Investments Highlight Shift in Government Perspective

U.S. Senator JD Vance has garnered considerable attention for his recent investments in Bitcoin (BTC) and NFTs. Public records indicate that he owns between $100,000 and $250,000 worth of Bitcoin (BTC), indicating considerable interest in the success of the cryptocurrency market. This level of financial commitment from a high-profile government figure is unprecedented and underscores the growing credibility and promise of digital assets.

JD Vance’s interests extend beyond Bitcoin (BTC) to non-fungible tokens (NFTs), with reports suggesting his involvement in acquiring notable pieces from renowned collections. While the details of his NFT portfolio remain unknown, those who know the senator confirm his foray into this field.

This exploration of NFTs underscores Vance’s openness to exploring innovative and artistic applications of blockchain technology beyond cryptocurrencies’ typical role as assets or means of exchange. Vance’s involvement with cryptocurrency stands in stark contrast to the views of many of his peers in Congress, who often express doubt or hostility toward digital currency.

His direct involvement as an investor and user of these technologies gives him a unique perspective on their potential benefits and drawbacks. This practical understanding is likely to influence his stance on policy and regulation should he take on the role of vice president.

Polygon (MATIC) Hits $0.53, Eyes Breakout Amid Market Slowdown

The Vance administration, known for its support for cryptocurrencies, could significantly boost Polygon (MATIC), a major Ethereum layer 2 scaling project. MATIC has already attracted the attention of the developer community for its innovative solutions.

Even so, regulatory uncertainties have slowed widespread adoption and integration with traditional financial systems. Vance’s backing could serve as a driving force to unlock Polygon’s untapped capabilities.

A recent look at the MATIC token shows that its current trading value is $0.53, which represents an increase of over 2% in the last 24 hours. This surge coincides with a downturn in the broader cryptocurrency market, signaling solid fundamental strength and a growing sense of confidence among investors regarding Polygon’s future prospects.

Based on technical indicators, MATIC appears to be facing a resistance level that has persisted for several months, hinting at a potential breakout that could propel prices towards the previous peak around $1.29.

MATIC’s cutting-edge technology has taken a significant leap forward with the introduction of the Plonky3 zero-knowledge proof system. This innovation in zk-rollup technology is set to revolutionize MATIC’s scalability and efficiency, cementing its position as the premier choice for developers and enterprises.

Algotech (ALGT) Eyes $1 Price Hike When Its Exchange Launches

Algotech, a project that has attracted the interest of crypto enthusiasts and JD Vance, aims to transform algorithmic trading in the cryptocurrency space. Through the use of artificial intelligence and machine learning, Algotech offers advanced trading strategies to ordinary investors.

The platform’s innovative approach and ambitious roadmap are in line with JD Vance’s goal of driving financial innovation and making sophisticated investment tools more accessible to all. Algotech’s decentralized structure stands out, aligning perfectly with the core principles of blockchain technology.

By cutting out the middleman and giving users direct authority over their trading algorithms, Algotech embodies the essence of financial independence advocated by many in the crypto community, including Vance. This common ground makes Algotech a natural choice for endorsement by crypto-friendly leadership.

As Algotech’s pre-sale gains momentum, with over $9.6 million in funding, excitement is building for its official launch. Analysts have set lofty price targets, with some even suggesting that ALGT could surge to $1 shortly after it goes public.

While it’s wise to approach these predictions with caution, the combination of Algotech’s cutting-edge technology and the potential backing of key figures like JD Vance could pave the way for significant growth and adoption.

Learn more:

Visit Algotech Presale

Join the Algotech community

Disclaimer: This is a paid release. The statements, views, and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of any information available in this content. Do your research and invest at your own risk.

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Nfts

OG Crypto Artist Trevor Jones Unveils Groundbreaking Collection of Ordinals | NFT CULTURE | NFT News | Web3 Culture

Published

9 months ago

21 July, 2024

SatoshiTimes Staff

OG Crypto Artist Trevor Jones Unveils Groundbreaking Collection of Ordinals | NFT CULTURE | NFT News | Web3 Culture

Trevor Jones’ New Genesis BTC Collection: CryptoAngels

Known for his innovative blend of physical and digital art, Trevor Jones continues to push the boundaries of the NFT space with his latest collection, CryptoAngels. Since his foray into Bitcoin-themed artwork in 2017, Jones has garnered a significant following, cementing his reputation with record-breaking sales and community events.

The Bitcoin Angel Journey

In 2021, Jones made headlines with his Bitcoin Angel open edition, selling 4,158 editions for an incredible $3.2 million in just seven minutes. This success paved the way for his latest venture, where he combines art, community, and technology in new ways. His annual Castle Parties, celebrating art, culture, and charity, have further cemented his place in the Web3 world.

CryptoAngels Collection Review

Jones’ CryptoAngels collection is divided into two main stages: Archangels and CryptoAngels.

Step 1: The Archangels The initial phase, Archangels, saw 21 collector’s packages sold for 87.9 ETH (approximately $335,291). Each package included:
- A physical bronze sculpture of the Bitcoin angel
- A 3D NFT avatar
- An Archangel Ordinal
Esteemed collectors like ModeratsArt, Batsoupyum, Bharat Krymo, Blondie23LMD, and 1Confirmation now lead the CryptoAngel army as Archangel Collectors.
Step 2: CryptoAngels The second phase, set to launch on August 7, features 7,777 unique CryptoAngels. These will be available for minting via OrdinalsBot, starting with a whitelisting phase. Each CryptoAngel is distinct and named by Jones himself. The collection is organized into 21 cohorts, each associated with one of Archangel’s collectors, fostering sub-communities within the larger collection. Additionally, there are seven 1/1 CryptoAngels, making them exceptionally rare and not aligned with a cohort.

Connecting Bitcoin and Art

Jones, who has been a strong Bitcoin supporter since mid-2017, expresses his deep connection to the crypto community. He sees the CryptoAngels collection as a tribute to that community, bringing his iconic Bitcoin Angel motif to the blockchain.

“I have been personally investing in Bitcoin since mid-2017 and its ethos quickly inspired me in my crypto art journey. I have followed the growth of Ordinals since its inception and the CryptoAngels collection is my offering to a community that has welcomed me with open arms and given me the opportunity to bring my Bitcoin Angel motif to the chain where it was always meant to be,” said artist Trevor Jones.

Collectors’ opinions

“Bitcoin’s OG artist Trevor Jones, behind the Bitcoin Angels depositing ordinals on the immutable chain is a match made in crypto-native art heaven.” – Bharat Krymo (@krybharat – Archangel Collector)

“The 2018 Bitcoin Angel oil painting is one of the first crypto tributes to Bitcoin, so CryptoAngels on Ordinals is a natural extension of Trevor’s artistic journey” – batsoupyum (Archangel Collector)

Interactive experience and limited editions

Rounding out the collection, 21 special Angels will be available to mint for $7 each on Base, playable in the exclusive retro arcade game, Dante’s Pixel Inferno. The game challenges players to guide their Angel through the nine circles of Fiat Hell, collecting Bitcoin and earning rewards. Each Angel in the game has unique abilities and weapons.

Whitelisting Opportunities and Community Engagement

Whitelisting (WL) opportunities are available through community partnerships, existing Bitcoin Angel OE and Trevor’s Ascended Angels holders, and weekly giveaways. To stay up to date and secure a spot on the whitelist, join Trevor Jones’ active Discord community.

TL;DR

Trevor Jones is launching the CryptoAngels collection on August 7th, building on his Bitcoin Angel legacy. Split into two stages, Archangels and CryptoAngels, the collection includes unique NFTs and physical artworks, fostering strong community connections. Exclusive gaming experiences and limited minting opportunities enhance engagement. Join the Discord for your chance to win.

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