Fun

The future of Web 3.0 gaming—Blockchain Futurist Conference

News Feed - 2024-08-15 06:08:38

Vince Quill2 hours agoThe future of Web 3.0 gaming—Blockchain Futurist ConferenceAccording to a 2024 OnePoll survey of 2,000 adults, 52% of respondents said they were unaware of what blockchain gaming was.776 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTCOINTELEGRAPH IN YOUR SOCIAL FEEDFollow ourSubscribe onExecutives from World3, Helika, and Anomaly Games took the stage at this year"s Blockchain Futurist Conference in Toronto, Canada to discuss the current state and future of Web 3 gaming.


Long Do, CEO of Anomaly Games, opened up by explaining his company"s focus on abstracting away the highly technical components of the blockchain experience so that users would not even know they were engaging with blockchain systems.


The CEO then turned his attention to the stark contrast between game profitability for traditional game developers and Web 3 game development studios:"I believe like 50% of game developers, they make a total of less than $2000 over their entire life, but a Web 3 game developer actually statistically makes a lot more than a Web 2 game developer."


Product director at World3 Michael Grills expanded on this theme by talking about the potential to create robust player economies as the true value proposition for Web 3 gaming.The Web 3 gaming panel at the 2024 Blockchain Futurist Conference. Source: Cointelegraph"s Sam Bourgi.


The executive explained that, much like collectible trading card games, community trading of in-game assets will be a major use case of blockchain in video games:"The community is the opportunity in Web 3 because trading and the actual ownership of those assets, and being able to trade those assets, as a gamer is super exciting and more profitable for the community than the game."


Anton Umnov, co-founder and CEO of Helika argued that onchain games were a "gateway" to onboard more users into the broader cryptocurrency ecosystem, claiming that 50% of the transactions on certain blockchain networks come from onchain games.


Related: Why Web3 gaming needs a Steam-like platform for growthThe rise of Telegram gaming


The Helika CEO"s statements are epitomized by games on Telegram and the separate, independent Telegram Open Network"s (TON) use of casual games to drive users to the Web 3 space. Ruslan Fakhrutdinov, CEO of X10, believes this strategy may position Telegram to onboard the first billion users to the crypto ecosystem.


Consequently, in July 2024, Helika and Notcoin, a popular Telegram-based tap-to-play game, revealed a$50 million gaming accelerator program to foster the development of Telegram games.


More recently, former Telegram Open Network Foundation executives launched a $40 million developer fund to facilitate the development of mini-applications within the TON ecosystem, following the meteoric success of Telegram games like Hamster Kombat and the introduction of a mini-app store in the Telegram app.


Magazine: Clicker games to fade post-airdrop, Is Hamster Kombat any good? Web3 Gamer# Blockchain# Altcoin# Business# Adoption# Telegram# Games# Mobile Games# DeFi# Web3# GameFiAdd reaction

News Feed

Pro-XRP lawyer requests to be amicus curiae for Coinbase customers
Ciaran Lyons2 hours agoPro-XRP lawyer requests to be amicus curiae for Coinbase customersPro-XRP lawyer John Deaton says the urge to protect the customers "isn"t about crypto," but more so about protecting the
Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions
Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. SanctionsIran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will ope
Price analysis 4/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, ADA, TON
Rakesh Upadhyay5 hours agoPrice analysis 4/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, ADA, TONBitcoin’s range break above the $70,000 level boosted altcoin prices and hints at the possibility of a new BTC all-time hig
Bitcoin Open Interest Hits ATH As BTC Nears $100K – What To Expect?
Este artículo también está disponible en español. Bitcoin has shattered records again, reaching a new all-time high of $97,903 just hours ago. The cryptocurrency market i
SEC Names Crypto an Exam Priority This Year
SEC Names Crypto an Exam Priority This Year The Securities and Exchange Commission (SEC) has listed crypto assets as an examination priority for market participants this year. 
BTC price drops to 1-week low as traders focus on Bitcoin whales, Nvidia
William Suberg8 hours agoBTC price drops to 1-week low as traders focus on Bitcoin whales, NvidiaBitcoin shows signs of strain amid heavy overhead BTC price resistance and overheated funding rates.3801 Total views4 Total
5 Best AI Agent Cryptos to Buy for 100x Returns as DeepSeek Impresses Trump and Altman
With DeepSeek forcing American AI companies to consider whether they’re pouring excessive funds into their AI projects, the AI industry is poised for a potential revolution. The Chinese AI startup’s R1 model
Country-wide Bitcoin adoption a mixed bag for national economies
Stephen Katte10 hours agoCountry-wide Bitcoin adoption a mixed bag for national economiesCountry-wide Bitcoin adoption could boost financial inclusion and trade, but challenges like volatility and regulatory hurdles migh
Telegram to get Mini App store by the end of July — Pavel Durov
Vince Quill7 hours agoTelegram to get Mini App store by the end of July — Pavel DurovAccording to the company, Telegram has over 900 million monthly active users and ranks among the top 10 most downloaded apps worldwid
Savannah Fortis14 hours agoOKX plans to enter India, hire local employees for Web3 explorationThe CMO of OKX says the company is looking into its entrance in the Indian market through hiring local employees and “unders
OKX launches Ethereum layer-2 network for lower fees & interoperability
Gareth Jenkinson7 hours agoOKX launches Ethereum layer-2 network for lower fees & interoperabilityOKX becomes the latest cryptocurrency exchange to launch an Ethereum-based layer 2 network.1543 Total views2 Total sha
Behind Cardano 15% Correction: Here’s How Much ADA Whales Sold
Este artículo también está disponible en español. After a quiet start to 2025, the price of Cardano had finally begun to build on its bullish momentum from the previous y