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In recent years, a new trend has emerged in the gaming world: decentralized gaming. This innovative concept is reshaping the way gamers interact with virtual worlds, offering a host of benefits that were previously unimaginable. Decentralized gaming leverages blockchain technology to provide players with ownership of in-game assets, transparency, and enhanced security. With its potential to transform the gaming industry, decentralized gaming is poised to become the future of gaming.Benefits of Decentralized GamingOwnership: One of the key advantages of decentralized gaming is the ownership of in-game assets. Traditionally, gamers invest significant time and money in acquiring virtual items within games, only to find themselves…

Long ago, Splinterlands introduced a barrier to playing by requiring that players own a certain value of cards in order to advance into the higher leagues. Now they prepare to change things up by removing that restriction and adding a new formula that encourages players to hold staked SPS tokens to improve match rewards. Since the introduction of their SPS token two years ago, the Splinterlands teams has slowly and steadily worked on integrating the token into their game system and making it the backbone of the entire Splinterlands ecosystem. So it’s really not a huge surprise that they announced…

The nonfungible token (NFT) market has been encountering a massive downturn, with prices of popular NFT collections dropping. One renowned collection, the Bored Ape Yacht Club (BAYC) has recorded a steep drop, reaching a two-year low. The recent crash in NFT prices proves that the winter season in the digital assets space is not yet over despite the rally being witnessed in the Crypto market currently. Interestingly, the floor price for Bored Ape NFTs has plummeted to around $52,000 worth of Ethereum, representing an 88% drop from its peak levels in April 2022. In that context, the Mutant Ape Yacht…

The iconic BAYC NFT collection’s floor price reached 27.4 ETH (about $53k) – the lowest in 20 months. TL;DR The floor price of Bored Ape Yacht Club NFTs dropped below 30 ETH, reaching its lowest point since October 2021. The drop represents a significant decrease from the historic high of 153.7 ETH in April 2022, marking a 90% decline. The NFT market as a whole has experienced a tough month in June, and the Blur marketplace may have contributed to the decline. The BAYC NFT collection’s floor price reported its lowest figure in over 20 months. How Much Did the…

Skyweaver shakes up their meta with a major patch bringing hero abilities, new starter decks, and over 140 new cards to their game! With other major additions already in the books such as quests, Skyweaver is still looking forward after this patch, with more feature and ideas to bring to their fantasy TCG! Skyweaver continues to grow and develop their fantasy TCG, with a huge patch that will definitely shake up the meta! Dubbed Heroic Incoming, this patch brings some major changes to this free to play, trading card game in the form of new starter decks, new cards, and…

Working alongside a legal team for the past seven months to devise a novel form of IP rights, DeLabs — best-known for its cutting-edge NFT projects, DeGods and y00ts — has now deployed a new cryptic website. The portal takes inspiration from the early days of Facebook, coinciding with its forthcoming release of DeGods Season III and y00ts2 next month.DeGods’ cryptic website teases that community members will soon have the unique opportunity to become official brand licensees by issuing progressive IP rights to NFT holders. Said to be a form of “performance art” and not just some “hippy ideology”, the retro-looking online portal deviates from traditional…

The decision comes in response to the high volatility of Azuki’s price, which has experienced extreme fluctuations in recent days. The suspension includes all activities related to the mining pool, such as deposits, withdrawals, and mandatory liquidations. A few days ago, due to extreme price fluctuations in Azuki prices, the team decided to temporarily suspend Azuki’s pool, including deposits, withdrawals, and liquidations.This measure aims to give users more time to replenish liquidity, repay loans, and improve healthiness. — ParaSpace (@ParaSpace_NFT) July 4, 2023 The primary objective behind this move is to provide users with a grace period to replenish their…

BRC-69 is a revolutionary standard for creating recursive Ordinals collections quickly. This standard will be the engine that launches recursive collections on Bitcoin. ???? (1/7) GM! Today, we’re excited to introduce BRC69, a revolutionary standard for creating Recursive #Ordinals collections with ease. This standard will be instrumental in launching Recursive collections on Bitcoin. More details here: https://t.co/zaID07tnD5???????? pic.twitter.com/jmzSMVOYme — Luminex (@luminexio) July 3, 2023 BRC-69 can reduce the costs of inscriptions for Ordinals collections by over 90%. This reduction is achieved through a 4-step process: (1) inscribe traits, (2) deploy collection, (3) compile collections, (4) mint assets. The brilliance of…

CirrusNFT states there have been 1244 liquidations in the last 96 hours. This does not include forced sellers who sold their collateral to pay off loans before they were underwater. This is considered the most catastrophic liquidation in the history of NFT, and it shows no signs of stopping. Over the last few days, we’ve seen the worst liquidation cascade in the history of NFTs and its not really closeThere were 1244 Liquidations in the last 96 hours (This excludes forced sellers that sold their collateral to repay loans before they were underwater)For reference… pic.twitter.com/3cpy8tDHi5 — Cirrus (@CirrusNFT) July 3,…

Amid all of the FUD, self-sabotage, and general market disarray, an interesting development has continued within the NFT gaming sector. As if sidestepping the inherent limitations of the PFP market, NFT games have only grown in stature as interest in static images has waned.Over recent weeks, the NFT industry has seen its fair share of turmoil, with the Azuki collection imploding in spectacular fashion, and even the Bored Ape Yacht Club hitting lows not seen since August 2021. However, as the days of big-bucks, status-symbol PFP NFTs appear to be numbered, the utility-heavy gaming market may have just ushered in…