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“Players spend billions of dollars on digital assets each year, but the value of their collections has been locked away from them. Utilizing NFTs in gaming creates a whole new set of game design principles built around scarcity vs. inflationary free-to-play economies,” said John Linden, co-founder and CEO of Mythical
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Mythical Games announced the conclusion of a $150 million fundraising round. The company conducted the raise at a $1.25 billion valuation on Thursday, which was led by global venture capital firm Andreessen Horowitz.Mythical said it plans to use this new infusion of capital to help integrate NFTs into games. Andreessen
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Ubisoft, one of the world’s largest video gaming organizations — responsible for creating popular franchise games such as Assassin's Creed, Far Cry, and For Honor — hosted their Q2 earnings call this week, where blockchain was a key topic of discussion.Alongside reporting a 15% increase of unique active players in
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“Valve, Web3 games are a fast-moving and exciting category of games that have a place within the Steam ecosystem,” the companies said. “Please consider changing your stance on this issue and permit tokens and, more broadly, the use of blockchain tech on the Steam platform.” Source
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Digital rights advocacy group Fight for the Future, the Blockchain Game Alliance, Enjin, and 26 blockchain game companies have called out video game corporation Valve for its decision to not allow content related to cryptocurrencies or nonfungible tokens through its Steam marketplace.According to an open letter published by Fight for
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The online gaming industry has been on the rise for the past few years and for a good reason. From a global pandemic pushing an online revolution to the ever-increasing mobile and internet penetration, more people are spending more time online. It is no wonder the industry is big money, raking
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“There is a missing bridge between the ‘old school’ [board games] and the technology that exists today, a bridge that also connects our need to own something physical in a world that is moving too far into the digital,” said Sequoia Games Founder Daniel Choi. “In today’s gaming landscape, we
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Two of the largest PC video game stores, Steam and Epic Games, have adopted different approaches to blockchain and non-fungible token (NFT)-based games — Steam has shunned them while Epic is open to it. Fast facts As NFT games like Axie Infinity are soaring in popularity, Valve, which operates Steam, has added
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Gaming platforms are choosing sides on blockchain, cryptocurrencies and nonfungible tokens (NFTs) within their respective ecosystems. Following reports of Valve banning crypto and NFT-related games on Steam, its primary competitor, Epic Games Store showed a welcoming attitude for blockchain developers and the use of crypto in video games.Epic Games CEO Tim
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