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The Vibrant Landscape of Crypto and NFT Gaming
The realm of cryptocurrency and NFT gaming is currently experiencing a surge of activity, with notable games hitting the market, token giveaways on the rise, and a continuous influx of developments. Keeping up with all these events can be overwhelming, but fear not, as Decrypt’s GG has got you covered. To provide you with a quick recap of the most recent advancements in crypto video games, we are excited to introduce This Week in Crypto Games—a curated compilation of the latest news and noteworthy stories from the world of crypto gaming.
Key Developments in the Industry
Cheaters Meet Their Match: In a cautionary tale for Call of Duty aficionados, individuals who resorted to using illicit “cheat” software were met with an unexpected consequence. Reports from cybersecurity firm VX Underground revealed that the downloadable malware masked as cheating tools led to the unauthorized access of players’ Bitcoin wallets. While approximately 5 million gaming accounts fell victim to the malware, the exact number of affected users who suffered cryptocurrency losses remains undisclosed. This incident serves as a stark reminder that shortcuts in gaming can have serious repercussions.
Notcoin Halts Mining Operations: The widely popular Telegram-based clicker game, Notcoin, is nearing the conclusion of its mining phase on April 1 in preparation for an imminent token airdrop on The Open Network (TON). With over 34 million Telegram users engaging in the game to date, the forthcoming phase marks a significant transition. Despite the ambiguity surrounding the upcoming developments, the game’s team is urging players to consider contributing a portion of their earnings to an ecosystem fund.
Nyan Heroes Pre-Alpha Demo: The Solana-based team shooter, Nyan Heroes, unveiled its pre-alpha demo on the Epic Games Store recently, offering PC users an opportunity to experience the cats-in-mechs gameplay until April 9. As part of a play-to-airdrop campaign linked to the demo, participants can earn “MEOW” points by completing in-game missions, which will entitle them to receive the upcoming NYAN token on Solana. Additionally, players can capitalize on double-point incentives during weekends, enhancing their rewards for active engagement.
Parallel Secures $35M Investment: Parallel Studios, the creative force behind the Ethereum NFT card game Parallel (recognized as GG’s game of the year in 2023), disclosed a successful funding round of $35 million from various supporters, including VanEck and Solana Ventures. The infusion of capital will facilitate the game’s expansion onto new platforms and eventual migration to mobile devices. Moreover, the funding will underpin the development of Colony, a forthcoming AI game based on the Solana network.
Noteworthy Highlights You Might Have Missed
- Helika’s Crypto Gaming Accelerator Program: AI analytics firm Helika introduced an accelerator initiative tailored for crypto gaming studios, collaborating with venture capital partners to offer up to $50 million in investments.
- Amazon Web Services Collaboration with WAX Blockchain: Amazon Web Services unveiled a collaboration with the WAX blockchain to streamline the integration of crypto gaming functionalities, simplifying the deployment process for AWS clients.
- Nifty Island’s Play-to-Airdrop Competition: Ethereum-based game Nifty Island launched a speedrunning contest as part of its ongoing play-to-airdrop campaign, engaging both level designers and players in an exciting challenge.
- Elixir’s Funding Round Supported by Industry Giants: Elixir, a crypto gaming launcher, secured $14 million in funding prior to its token launch, with prominent backers such as Square Enix and the Solana Foundation endorsing the project.
Exploring Our Original Features
For a deeper dive into the captivating world of crypto gaming, we invite you to explore some of our original stories from the past week that capture intriguing insights and industry trends. Take your weekend reading to the next level with our carefully curated content.
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