NFT News by Thebittimes.Com

A new survival MMORPG PvP enables players to set up shop within the game and become a core part of the blockchain economy. The concept of the metaverse was conceived with the aim of providing humanity with a better life in the digital world. Today, video games are leading the way as the most active bridge for physical and digital world interactions. The same goes for blockchain-based games, as gamers who have tasted true ownership of digital assets flocked to Web3 games. Data shows that over half of active blockchain wallets were used in the GameFi space in 2022. As the blockchain gaming market gets crowded, players start to expect more from  play-to-earn (P2E) games. Users put game improvements as the top expectation for blockchain gaming in 2023. However, having a good game is not enough for gamers, either — another study showed that over 51% of users participate in GameFi to make profits. As a result, poorly designed game economies became the leading factor affecting GameFi profits...

NFT gaming goes to space in the upcoming Tachyon Domination. In the rapidly expanding world of NFT gaming, new projects are racing to redefine what can be done both within the games themselves and in the broader economic ecosystem in which these games exist. One new project, Tachyon Domination, has moved the arena to space, inviting users to compete with each other for galactic supremacy while offering numerous opportunities to earn on their efforts. Tachyon Domination has taken a somewhat unusual approach to blockchain gaming. Rather than requiring players to purchase access to the game via NFTs or tokens, the game is free-to-play. Players are transported some 300 years into the future when scientists have discovered a new, remarkably powerful metal that allows people to travel faster than light speed. The game is an RPG where players choose their character type and what kind of weapons they will use and then compete for rewards issued in the game’s native $TADT governance token. We ...

In a survey commissioned by Coda Labs, 6,921 people from five countries were asked a series of questions to determine their perception of crypto, NFTs, and Web3 gaming. A new survey commissioned by blockchain entertainment provider Coda Labs suggests that despite the huge amount of money being poured into Web3 gaming, traditional gamers are still yet to warm up to crypto or NFTs and have little interest in Web3 games.  According to the survey, gamers pointed to practical barriers as their main reason for shying away from Web3 games, with gamers often not knowing how they might work and lacking a Blockchain wallet. The Survey found that only 12% of non -crypto gamers have tried Web3 games, while just 15% of those yet to try were interested in doing so in the future.  The survey pointed to play-to-earn (P2E) as the most recognized term associated with Web3 games, and crypto earnings as the most commonly perceived benefit of playing them. When these two factors are considered in tandem...