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The metaverse is a collection of 3D virtual worlds that aim to build social and economic connections. It has grown rapidly and was valued at $234.04 billion last year alone. Experts forests the sector to be worthy $3.4 trillion by 2027.  The metaverse has captured the imagination of a significant portion of the digital economy, with a recent research report by the World Economic Forum (WEF) suggesting that over 700 million people are expected to use this technology regularly by the close of the decade.  Industry leaders such as Google and Microsoft have started investing in this space, with Google contributing $39.5 million to a private equity fund for metaverse projects and Microsoft acquiring video game giant Activision Blizzard for $69 billion to explore the metaverse gaming realm further. The evolution of this digital universe Technological advancements are crucial for the success of the metaverse . Critical trends expected to contribute to the growth of this...

ZTX, a web3 virtual world and creator platform, is partnering with ZGM, a metaverse influencer management and content creation firm, to launch a competition where users can bet on metaverse gaming results for ZTX rewards. The competition will be formally launched during the Yield Guild Games Web3 Games Summit, which will be held in Manila and open to all ZTX community members across the globe. The initiative has been lauded as one of the first cross-industry events where web2 creators partner with web3 users for entertainment and prediction-based rewards – that too with no entry costs or participation restrictions. You might also like: Mastercard to monitor bad crypto transactions with AI ZGM will use ZTX’s legacy web2 platform to assemble teams competing in various metaverse games. Speculators and public members can bet on the winners and the results of these games by holding a specific amount of ZTX in their wallets.  Users must also join the offici...

The market for mobile games with augmented reality (AR) support has been dominated for several years by the well-known game Pokémon GO.  In its time, it was a groundbreaking and unique game that attracted millions of players and created a global sensation. However, technology is advancing by leaps and bounds, and Pokémon GO no longer holds the unassailable position it once did. A brand-new mobile game, SpaceCatch, is now entering the market. SpaceCatch, the new augmented reality mobile game Like Pokémon GO, SpaceCatch also supports augmented reality. It is a mobile game set in the future when aliens invade planet Earth.  However, it’s important to mention that unlike Pokémon GO, SpaceCatch fully integrates new advanced technologies such as blockchain and NFTs. These technologies may seem irrelevant to some, but the opposite is true. Thanks to blockchain and NFTs, SpaceCatch becomes a game that surpasses Pokémo...

Animoca Brands co-founder Yat Siu expects a number of its blockchain gaming investments to come to market by the end of 2023. Blockchain-based games have been a hot topic in the cryptocurrency space over the past two years, accounting for considerable growth and daily activity on a number of protocols despite prolonged bear market conditions. Market research estimates that Web3 gaming pulled in around $4.5 billion in funding in 2022 as asset managers, investment funds and venture capitalists look to cash in on the burgeoning sector. In an exclusive interview with Cointelegraph, Animoca Brands co-founder Yat Siu highlighted the firm’s renewed optimism in the blockchain gaming sector and gave an update on its anticipated metaverse fund which grabbed headlines in late 2022. Metaverse fund awaiting license Animoca Brands originally earmarked up to $2 billion for a proposed metaverse fund in November 2022 which intends to invest in a variety of mid to late-stage startups building metavers...

Exploring the integration of real-world economics within the virtual realms of blockchain gaming through commercial NFTs. The world is on the precipice of an exciting new era in gaming, which will see the incorporation of blockchain technology as a revolution in the space. With enhanced player ownership and the possibility of real-world economics within virtual realms, blockchain gaming is shifting paradigms and redefining possibilities. A key player in this exciting evolution is Emilian Ciocanea, a veteran entrepreneur and early blockchain investor. With over two decades in business and product management, Ciocanea has effectively tapped into emerging industries and created value-generating business models. Now, as the CEO and founder of Gold Fever, a truly player-owned project, he’s blending the worlds of gaming and blockchain. In this conversation, he shares his insights on the current and future state of blockchain gaming, and delves into the innovative use of NFTs within Gold Fev...