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Within GameFi transformation in web3 lies the concept of Decentralized Autonomous Organizations, or DAOs, reforming the developing, playing, and governing of games. Here, every player has a voice that will be heard, decisions that will be made, and a vibrant community. This blog attends to the roles of DAOs in GameFi communities, how players are
In the recent Cointelegraph’s Hashing It Out podcast (Episode 43), they explore GameFi’s role in the cryptocurrency world with MITA’s CEO, Kena Amoah. MITA is a groundbreaking project in Africa that blends metaverse, gaming, and Web3 technology. Kena shares insights into how GameFi might lead the charge in the next wave of Web3 adoption. Kena
Recently, the crypto market took a nosedive because of some news from Matrixport analysis, raising concerns about the approval of a Bitcoin Spot ETF. This caused many popular alternative cryptocurrencies to retract their steps, but experts think this downturn will likely be short-lived. They predict that several cryptos will bounce back stronger, reviving the enthusiasm
Fortune analysts discovered that blockchain gaming faces challenges despite its growth. They highlighted key issues holding back the sector. The global cryptocurrency market is worth about $1.54 trillion. In the next six years, blockchain gaming is expected to become increasingly important. Fortune Business Insights researchers predict that GameFi could reach $614.91 billion by 2030, growing
Metacade just partnered with Sipher Odyssey! Metacade, the popular GameFi platform, grows stronger from partnering with Sipher Odyssey, an exciting and more popular multiplayer game. This partnership comes right after Metacade launched its mainnet beta version. Now, Metacade is growing into one of the largest platforms for blockchain gaming. Metacade has also teamed up with
GameFi has shown that gaming is evolving beyond traditionality. It integrates finance into gaming thereby creating a lot of possibilities. Fundamentally, the integration of web3 payment solutions into gaming ecosystems lies at the heart of this evolution. This is done with the crypto as currencies. Imagine the awesomeness in playing with our Polygon or Doge
In a digital world where fortunes are shaped by cryptos, a new contender is coming up, aiming to create crypto millionaires like never before. Picture this as a rising star similar to Shiba Inu’s rapid climb in the digital money world. Shiba Inu, often called the ‘Dogecoin Killer,’ has caught immense attention in the crypto
GameFi has faded in the past months, with a study suggesting that 75% of these projects have failed. Around 2,127 web3 games have failed in the last five years since the GameFi niche emerged, representing 75.5% of the 2,817 web3 games launched. In other words, 3 out of every 4 web3 games have become inactive.
Every project needs funding, right? You can even answer this in relation to yourself as another project. Whether at the seed stage or the ‘maturing’ stage, every venture requires some funding before getting to the peak. Just like Pre-seed funding, Initial Coin Offering (ICO), Initial Game Offering (IGO) is a specialized crowdfunding method for blockchain-based
The excitement around most GameFi platforms from 2021 to 2022 was little. This was because these platforms were hard to navigate, time-consuming and didn’t just make enough sense. Thus, fewer new users have been joining the enthusiasm in later programs. Mhaya Game hopes to fill these spaces by adopting the free-play-to-earn mechanism. It’s a city
