Gameplay Galaxy Web3 Game Ecosystem, 8 Principles for the Metaverse, Revolving Games, Cartoon on Polygon

Web3 is an idea for a new iteration of the WWW that incorporates concepts such as decentralization, blockchain technologies, and token-based economy. “Web1 was read-only, Web2 is read-write, Web3 will be read-write-own.”

Strong traction around the Metaverse

One industry in particular has enjoyed strong traction from the video game industry in recent months: the metaverse. In 2021, according to McKinsey, startups identified as linked to the metaverse sector raised more than $ 57 billion. Record increases were also achieved in the industry, such as Epic Games in April 2021 with $ 1 billion raised. In July 2022, Animoca Brands raised $ 110 million despite a crisis in the cryptocurrency and NFT sector, providing funds for its acquisition strategy. Also according to McKinsey, investments dedicated to the metaverse are much higher than those of AI. At the same maturity stage, in 2016, AI had raised only $ 39 billion in one year and remained lower in 2021 at $ 93 billion.

Discover the concepts in the metaverse

During InnoTrans, visitors were able to experience digital concepts and solutions for the transport industry in the Metaverse (in a virtual three-dimensional space) at the T-Systems booth. As avatars, they embark on a virtual train journey and drop off at stops with specific topics to experience the digital future of train travel. Among other things, they learn the intelligent handling of damaged wagons, which can reduce freight wagon downtime and length of repair time. The basis for this are so-called “data lakes” (large data pools), in which all relevant data on a faulty wagon flows for centralized repair analysis and management. Another topic of virtual train travel is “edge computing”: here the analysis of data in the train and near the tracks creates, among other things, the basis for autonomous trains.

South Korea: principles that should govern the metaverse

South Korea’s Ministry of Science and ICT (MSIT) recently unveiled the first draft of the Core Ethical Principles that are critical to growing and participating in the Metaverse. The three values ​​of the Ministry of Science for Metaverse participants are intact personal identity, safe fun, and lasting prosperity.

To put the three values ​​into practice, the department proposes eight principles to defend while participating in the metaverse ecosystem: authenticity, autonomy, reciprocity, privacy, equity, data protection, inclusion and accountability. MSIT plans to incorporate input from relevant departments, experts, industries and civic organizations to finalize the draft by the end of this year so that the principles can be applied to real-world use cases of the Metaverse. The ministry wrote in its press release that there are growing concerns about interaction on the virtual platform with regards to youth protection, personal information and copyright.

(8 Principles of Practice) Principles that ecosystem participants should use as a basis for decision making and action in order to put the “three values” into practice

The metaverse a journey of over 10 years

Gartner has predicted that by 2026, a quarter of people will spend at least one hour a day in the metaverse for work, shopping, education, social activities and recreation. And 30% of organizations will have metaverse-ready products and services. Given the length of the journey, Gartner warns companies against putting too much effort into one platform. Instead, it encourages learning, exploration, and preparation.

It’s always fun to take a look at how Gartner’s previous predictions turned out. Looking forward to 2021, NFT and DID are at the peak of the hype cycle. However, web3 and the metaverse weren’t on the radar. When it comes to technology, timing is everything …

Gamestop NFT

NFTs are largely becoming a fundamental part of the game and the metaverse to come. To empower players, access must be fast, cheap, and secure for the masses. GameStop, in collaboration with Loopring, has the opportunity to position itself at the forefront of this new paradigm and to become one of the destinations of the world’s digital economies. To do this, the Marketplace built on Loopring L2 ensures that users receive digital property rights anchored in a secure, decentralized and credibly neutral environment like Ethereum, removing expensive gas tariffs. Now you can mint NFTs directly on Loopring L2 for less than $ 1 by inheriting the security of Ethereum L1!

X-To-Earn

Over the past decade, the world has gradually shifted from traditional revenue generation methods to the gig economy. This decision was accelerated by the COVID-19 pandemic, which prompted people to search for other sources of money on Web3. The x-to-earn paradigm is shaping the new future of GameFi and could change the way we work, play, socialize, create and learn. The origins of the movement can be traced back to play-for-win programs such as Axie Infinity and Sandbox. Within a few years, it has branched out into several subdivisions, giving individuals additional options for earning money through simple activities such as playing games or taking online courses.

Play to earn, Move to earn, Bet to earn, Learn to earn, Create to earn, Participate to earn, Work to earn etc. What must be remembered is that the behavior of the player or not is linked to the product of the project in order to build an economic connection and allow the product to work. Many of the models involve players creating value for items through various behaviors while receiving rewards.

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Galaxy web3 game ecosystem

Gameplay Galaxy announced that it has raised $ 12.8 million in funding for its Web3 decentralized gaming ecosystem. The company plans to use the funding to develop more features for the platform, as well as new games. It also intends to offer its own wallet to users, as well as facilitate the integration of Web2 users. Gameplay Galaxy users will be able to earn money by participating in Trial Xtreme races and competitions and will also be able to earn their own game assets, including NFTs. The startup also mentioned that users who don’t want to engage with these mechanisms can enjoy the race on their own.

Gameplay Galaxy was founded by the creators of the successful Trail Xtreme game series which, as a franchise, has had over 250 million downloads worldwide. Web 3 in games should in many cases reshape how users (or players) have the opportunity to participate in ownership of the game or any other company and actually participate in the revenue or profits or whatever the product generates.

Revolving games, cardboard on Polygon

Founded in 2020, Los Angeles-based Revolving Games has spent two years developing game publishing tools to create and launch Web3 games. The studio unveiled its first product in June, a Battlestar Galactica-themed blockchain game developed in collaboration with Gala Games and NBCUniversal.

Game development studio Web3 Revolving Games raised $ 25 million in a funding round led by cryptocurrency-focused investment giant Pantera Capital. The capital will be used to develop scalable decentralized gaming experiences for internal titles and with global franchise partners. The game had a record 60% of blockchain (Polygon) activity in July, according to a recent report by DappRadar. The gaming industry has proven to be largely immune to the bear market in cryptocurrencies which has lowered the prices of digital assets and non-fungible tokens (NFTs).

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Pixel Vault multi-franchise ecosystem

At the forefront of the intersection of cryptography, culture and community, Pixel Vault aims to elevate crypto-native assets in TV, film, NFT, video games and sports. After a year, the Pixel Vault ecosystem is now so large that it spans a dozen different collections and thousands of NFTs. It’s a recent trend to cross NFT initiatives into traditional entertainment media like TV and film, as Pixel Vault is currently expanding its brand into gaming and also aims to expand into podcasting, TV, and film.

One of the startup universes, MetaHero, which leverages blockchain technologies and combines gaming and social networking elements with DeFi and NFT to create an interactive environment where users and planet-keepers can play to win through various community-led initiatives. Another project, Punk Comics, surpassed 41,000 ETH in secondary volume on OpenSea with this franchise, which exceeds $ 120 million at current ETH prices, and aims to continue using its IP creatively.

NFT distribution models

Song per day 5000

# Sad5000 is a collaboration with over 100 singers, dancers, rappers, musicians and others from inside and outside the Ethereum community.

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