Weekly GameFi Market Recap: Feb 13th-19th

Published onDecember 14, 2023
Image
Victor
Image
Join Gamestarter

Become part of exclusive group that shapes GS Future

One wallet to play them all, multi-chain solution in one place
avatars
+930K users
Gamestarter
News

What’s up, Gamestarters?!

This week’s been a game-changer in the crypto scene!

Despite the doom and gloom of last week, Bitcoin made a massive comeback, jumping from 21k to an epic 25k before taking a breather. With its help, the entire crypto market’s been riding high on this wave of positivity.

So, what’s your take on the future? Are we gonna keep soaring or take a dip?

Now, let’s dive into this week’s GameFi movers and see what’s poppin’!

Exciting developments are taking place in the GameFi industry as of late. The previous week was particularly eventful, and it’s apparent that this sector is rapidly gaining momentum.

The NFT/P2E space has piqued the interest of some major players!

These companies are eyeing the space with curiosity, eager to be a part of the action. It seems like they can’t resist the allure of this rapidly growing industry.

Ready for a wild ride through last week’s crypto escapades? Get set for the most thrilling moments that will leave you on the edge of your seat!

Revolutionizing Gaming Economy: Sony’s Plan to Introduce In-Game NFT Rental

Sony Interactive Entertainment Inc. has released a patent that outlines plans to facilitate in-game Non-Fungible Token (NFT) rentals through its PlayStation consoles.

The “Time-Restricted Ownership of NFTs” patent outlines a system that allows gamers to rent in-game NFTs through the PlayStation, Nintendo, or Microsoft ecosystem. The patent includes a limited-time offer for a particular NFT, accompanied by terms of ownership.

Sony says that NFTs that could be rented might include items such as exclusive skins, emotes, and custom artwork. The system will enable gamers to profit from their NFTs, such as renting out an exclusive skin they won in a tournament.

In November, Sony released another patent that outlined methods for tracking in-game assets using blockchain technology. With this new patent, it is evident that the Japanese company is committed to Web3 gaming.

Sony also introduced Mocopi, a motion-tracking wearable that is compatible with metaverse programs such as VR Chat, and created a metaverse-like experience with Manchester City in partnership at CES 2023.

PUMA Celebrates 75 Years with a Blast: 10,000 Super Puma NFTs Launch!

The world-famous brand PUMA is turning 75, and they’re marking the occasion by dropping a fresh NFT collection called Super Puma. Get ready to feast your eyes on some dope digital artwork and designs inspired by the classic Super Puma comics from the ’70s.

These NFTs are the ultimate flex, featuring the iconic green cat, Super Puma, and some of the most significant events from PUMA’s legendary history. And that’s not all – owning one of these bad boys gives you access to a whole bunch of perks, including tokenized access to immersive experiences, premium products, and exclusive links to the brand’s iconic designs.

As an NFT holder, you’ll also get early access to new PUMA initiatives and products, like comic books, plush toys, and limited-edition apparel. PUMA’s Chief Brand Officer, Adam Petrick, says that the Super Puma NFT project is a tribute to their Web3 community, who played a crucial

The new Super Puma NFTs will be dropping before the end of the month, and they’re super exclusive – only 10,000 profile picture (PFP) NFTs will be up for grabs. 4,000 will be reserved for Nitro NFT holders, 2,000 for the 10KTF NFT community, and 4,000 will be available to those who make the waiting list. Don’t miss out on this chance to cop a piece of PUMA’s history and swag out with Super Puma!

Revolutionizing the NFT Market: OpenSea’s Bold Move to 0% Fees and Empowering Creator Royalties

OpenSea, one of the leading NFT marketplaces, has recently made several updates to improve the experience for collectors and creators. One of the key changes is a reduction in the marketplace fee from 2.5% to 0% on all secondary sales, which is a significant development for both buyers and sellers.

In addition to this fee reduction, OpenSea has also introduced a new minimum 0.5% creator earnings model to ensure that artists and creators receive a fair share of the proceeds from their work. This model applies to all collections that do not employ on-chain enforcement, with sellers having the option to pay more if they choose.

OpenSea has also updated its Operator Filter tool, which provides on-chain enforcement of creator fees for new collections, making it easier for artists to enforce their preferred fee structures across multiple NFT marketplaces.

These changes are designed to address some of the challenges and demands currently facing the NFT ecosystem and to create a more balanced and equitable environment for collectors and artists alike.

Blur’s Valuation Comes into Focus: OpenSea Rival Closes Billion-Dollar Funding Round 

Blur, the NFT marketplace that’s giving OpenSea a run for its money, is about to close a new
funding round at an even bigger valuation than expected – a cool $1 billion!

Blur initially aimed to snag between $15-30 million from investors at a $700 million valuation. But it looks like the demand was off the charts, and they’ll be scoring an oversubscribed round at a whopping $300 million higher valuation.

Blur’s not messing around, either. Unlike OpenSea, they’ve got their own native token, $BLUR, which launched on Valentine’s Day and is already listed on exchanges like Coinbase, KuCoin, and Kraken.
This ERC-20 token lets the community take control over the DAO, and the Blur Foundation is all about fostering community-led growth.

If you’ve traded on any NFT marketplace in the last 3 months, or if you’re a Care Package holder or NFT creator on Blur’s official marketplace, you’re eligible for a sweet airdrop of 360 million $BLUR.

Ember Entertainment’s Mobile Gaming Wizards Join Forces with Gala Games: The Future of Gaming is Now in the Palm of Your Hand!

With mobile devices becoming the go-to form of entertainment, Gala Games has acquired Ember Entertainment’s entire portfolio of superb mobile games.

Gala Games recognizes that mobile devices have become the ultimate gaming platform, providing fast and convenient gameplay that rivals traditional console and PC gaming.

The line between mobile and console gaming is blurring with new technologies, allowing even console players to experience the excitement of mobile gaming. Mobile devices are also becoming more accessible than ever, making them the device of choice for gamers worldwide.
With wireless internet connectivity, smartphones offer unlimited access to entertainment, even in remote locations. As we move into the future, the potential of mobile gaming is limitless, and Gala Games is one of the promotors trying to bring high-quality games to the palms of players’ hands.

Step into the World’s Most Romantic Virtual Island: Paris Hilton’s ‘Parisland’ Takes The Sandbox by Storm This Valentine’s Day
Get ready to immerse yourself in a virtual dating experience like no other, courtesy of the OG crypto queen Paris Hilton. Together with The Sandbox, her entertainment company 11:11 Media is launching ‘Parisland,’ a dreamy reality show set on a tropical island within the metaverse.

As the host, the Queen of the Metaverse herself will introduce you to five potential partners, and it’s up to you to make the tough decision and choose the one that steals your heart. From earning special rewards to discovering the secret of the famous Love Burger, rescuing castaways, and flirting with other contestants, Parisland promises to be the world’s most romantic virtual island. Complete all the quests and receive an exclusive collectible item, and if you’re up for a challenge, take part in the social event on February 17th for a chance to win an NFT Cake.

Not only can you get your virtual romance fix, but the hype has hit a fever pitch with the debut of the Paris Hilton NFT Collection on The Sandbox Marketplace. With 11 love-themed assets up for grabs, you can craft your very own island oasis and live the life of your dreams.
But that’s not all: The Sandbox is pulling out all the stops with their “February Festival” extravaganza, offering nearly 30 play-to-earn experiences. From SAND tokens to coveted NFTs, memorabilia, and Mystery Boxes, this is one epic event you won’t want to miss.

The gaming industry never stops, and last week was no different.

But fear not, because Gamestarter has got you covered with all the freshest news and information to keep you in the know.

Keep it locked here, as we keep delivering the hottest updates from the gaming world. See you next week, GAMESTARTERS!

Related Articles

web3-gaming-is-it-game-over

Web3 Gaming: Is it Game Over?

Image
Gamestarter™, GGXYZ™ ,Dark Frontiers™, OverTrip™, PixelPix™
are registered trademarks. All rights reserved.
Participants/Citizens from the following countries are strictly excluded/not allowed to participate in the IDOs: Iran, Iraq, Belarus, Libya, Sudan, Syria, Zimbabwe, Myanmar, North Korea, The Crimea, Russian Federation, and or the United States of America (USA), as well as Puerto Rico and the Virgin Islands and any other US possessions (the “Prohibited Jurisdictions”).
Services
Stake
Resources
News
FAQ

Terms and Conditions
Privacy Policy