Weekly Crypto Gaming News – Facebook & Meta, Ubisoft, Electronic

Welcome to all the Player 1s and Player 2s!

In today’s digest:

• Crypto metaverses are gaining popularity following Mark Zuckerberg’s latest announcement.
• Ubisoft may release crypto games in the future.
• Electronic Arts (NASDAQ:) has yet to step into NFTs, but is still looking for blockchain specialists
• Developers from Activision, Disney, Lucas Films, and Midway have gathered to create an NFT mecha video game.
• Funding parade: Animoca Brands raise $93M for The Sandbox, A16z backs Blankos Block Party in $1.25B valuation, Binance invests $1M in a Play-to-Earn game about sharks.

Metaverses Become a New Gaming Trend following Facebook’s Announcement

Crypto gaming reached an important milestone this week, surprisingly, thanks to Mark Zuckerberg and his crucial business decision to rename Facebook Inc (NASDAQ:). to Meta Platforms Inc. The company seems to be taking the direction of further digitizing society as they work to develop a VR messenger, a VR version of Instagram, their own marketplace for digital goods, and even a social network similar to Decentraland using Oculus.

Alongside hype, the announcement generated a range of sentiments across the crypto world. Axie Infinity’s co-founder in particular disliked that Meta’s new logo is too similar to his game.

On the other hand, the popularity of crypto metaverses skyrocketed as Decentraland, The Sandbox, and Enjin’s coins and tokens each gained by approximately 300% in value.

Flipsider:

• Yes, the whole world uses Meta’s products and services, such as Facebook, Instagram, WhatsApp, and even Oculus. This means that audience outreach far exceeds the number of cryptocurrency users. Though this means a wider draw, it’s upsetting that most of the crypto metaverse’s cumulative developments will be used by the giant while its true creators may be forgotten.

CEO of Ubisoft has Hinted That Their Games Might Feature NFTs and Blockchain in the Future

On the wave of hype, some of the biggest players in traditional gaming have seemingly felt free to praise NFTs and the metaverse. Of course, Ubisoft is already a noted supporter of crypto gaming, having invested in Animoca Brands, backed Nine Chronicles, and organised some events for blockchain developers. On the other hand, they had never made any forward announcements regarding the use of NFTs or blockchain technologies in their own games.

Recently, the company’s CEO, Yves Guillemot, claimed that the gaming industry is “changing regularly with lots of new revolutions happening” and Ubisoft “will imply more play-to-earn that will enable more players to actually earn content, own content…”

Flipsider:

• This statement can be interpreted two ways: either for the implementation of NFTs into pre-existing projects, like Assassin’s Creed and Far Cry, or the creation of brand-new IPs based on blockchain…