Fun

News Feed - 2023-11-08 09:11:35

Gareth Jenkinson11 hours agoBlockchain game Illuvium goes mainstream with looming Epic Games Store listingBlockchain games have historically battled to gain mainstream attention, but Illuvium’s listing on the Epic Games Store could change the narrative.4430 Total views66 Total sharesListen to article 0:00NewsJoin us on social networksBlockchain-based game Illuvium is set to tap into an audience of millions of PC and mobile gamers with its upcoming listing on the Epic Games Store, which is home to massively popular titles like Fortnite.


Illuvium, an interoperable blockchain game developed by Illuvium Labs, will feature on Epic’s store from Nov. 28, following several months of background work to get the title to meet its standards.


Speaking exclusively to Cointelegraph ahead of the Epic launch, Illuvium co-founder Kieran Warwick outlines the evolution of the game in order to cater to a mainstream audience and comply with the platform’s legal and compatibility requirements:“The result of these efforts has not only earned Illuvium a place on a leading gaming platform but has also evolved our product.”


The game was developed using Unreal Engine 5 on the Immutable X network. Its beta launch on Epic Games will feature three different game genres set within the Illuvium universe.


This includes Overworld, an open-world exploration game and “creature capturer reminiscent of beloved classics,” an auto battler strategy game called Arena and Zero, and a mobile and desktop city-builder that ties into the other titles. Warwick says its approach of building separate genres and game modes aims to attract a wider audience of gamers.


“By launching three different games in three different genres, we have significantly increased our addressable market. The only issue is it has taken much longer to get to this point,” Warwick adds.


Given that blockchain games featuring nonfungible token (NFT) elements have struggled to break into the mainstream, Warwick’s team has adapted its approach to onboard more users. He highlights the barrier to entry for non-Web3 native gamers as a key reason for the slow adoption of blockchain games:“One of the most frustrating things about NFT games is the notion that you need a wallet and a ton of money just to try out the game. We have removed the need for wallets, and it’s free to play. We think this is the only way to get mainstream adoption.”


As Cointelegraph recently reported, Web3 venture capital firms like Animoca Brands have highlighted the hesitance of mainstream game publishers to list games that incorporate Web3 infrastructure.


Animoca Brands CEO Robby Yung previously suggested that mainstream players remain uncertain about the inherent implications, fearing that Web3 integration would bypass existing business models that rely on fees for distribution.


Related: ‘The social benefits are huge’: Web3 gaming to shift digital ownership


Warwick echoes these sentiments, saying that this prevailing attitude is influenced by a variety of factors. One factor is game design integrity, with some critics suggesting that including NFTs could lead to pay-to-win mechanics or negatively affect the game design by prioritizing monetization over player experience.


Regulatory concerns are another consideration, with Warwick highlighting that blockchain technology and NFTs remain “in a gray area in many regions.”“Games with NFT functionality could run into trouble with regulators that could affect their viability and legality.”


The volatility of cryptocurrency markets and NFTs is another hurdle that concerns mainstream publishers, as well as the perceived prevalence of fraud.


Nevertheless, Illuvium’s upcoming listing bodes well for the wider blockchain gaming industry. Warwick describes it as a major milestone as their title steps onto the same platform as some of the most popular mainstream games in recent years.


“This is a huge step forward. People have been saying for years that Web3 gaming is the next big thing in the crypto space,” Warwick concludes.


Web3 gaming investors have adopted a more measured approach to backing early-stage studios building blockchain games over the past year. This has been necessitated by the effects of a lengthy cryptocurrency bear market, which has called for greater due diligence from industry venture capitalists.


Magazine: Blockchain games take on the mainstream: Here’s how they can win# Blockchain# Adoption# Games# Mobile games# Blockchain Game# NFTAdd reactionAdd reactionRead morePay and dump? How businesses accepting crypto payments influence adoptionGame review: Immutable’s Guild of Guardians offers mobile dungeon adventuresNeon Machine raises $20M Series A for blockchain-based Call of Duty competitor ‘Shrapnel’

News Feed

Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto
Dubai Property Developer Completes Real Estate Deals Worth $50M via Crypto According to an executive with the Dubai-based DAMAC Properties, the real estate development “comp
Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa
Swiss State Secretariat Helps Blockchain Incubator Firm Set Up Base in South Africa Switzerland’s State Secretariat for Economic Affairs (SECO) is reported
A New Price Valuation Model Says $10,670 Fair Value For Bitcoin
A New Price Valuation Model Says $10,670 Fair Value For BitcoinSeba, a Switzerland based bank, is proposing a Bitcoin valuation model that places its fair value at $10,670. At this
Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto
Report: Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto Nigeria is expected to designate cryptocurrency as capital for investment if the country
SEC files lawsuit against FTX-linked bank, alleging fraud
Turner Wright2 hours agoSEC files lawsuit against FTX-linked bank, alleging fraudEnforcement director Gurbir Grewal said Silvergate allegedly “failed to detect nearly $9 billion in suspicious transfers among FTX and it
Survey Shows 3 out of 4 Sports Fans Are Skeptical About the Longevity of NFT Investments
Survey Shows 3 out of 4 Sports Fans Are Skeptical About the Longevity of NFT Investments Over the last year and a half, non-fungible tokens (NFT) have seen massi
Wormhole raises $225M at $2.5B valuation
Zhiyuan Sun9 hours agoWormhole raises $225M at $2.5B valuationThe protocol reached a total value locked of $3.8 billion at its peak.1388 Total views14 Total sharesListen to article 0:00NewsJoin us on social networksCross
Vauld Raises $2 Million to Establish Stronghold in India
Vauld Raises $2 Million to Establish Stronghold in India Singapore-based crypto bank Vauld is working hard to elevate crypto to the status of a separate, viable
Cryptocurrency ETFs: SEC Wants to Facilitate Tokenized Products
Cryptocurrency ETFs: SEC Wants to Facilitate Tokenized Products The U.S. Securities and Exchange Commission (SEC) wants to facilitate tokenized exchange-traded f
Dogecoin’s Darkest Hour? Sentiment Tanks, Whales Accumulate
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
XRP Price Rockets Past $1: On-Chain Data Unveils Key Holder Cohort Behind Breakout
Este artículo también está disponible en español. Recent market dynamics have seen the XRP price surging pastthe psychological $1 mark for the first time since 2021. This
Mars4 Embraces a Multi-Chain Future With PancakeSwap Listing
Mars4 Embraces a Multi-Chain Future With PancakeSwap Listing sponsored Investors from all over the world are looking for the freshest projects to increase their returns. They might