Are you interested in the latest updates on GameFi? We have been closely monitoring the GameFi industry this week and have compiled the most exciting and current news for you. Below is a summary of all the noteworthy GameFi news from April 3-7, 2023.
Axie Infinity’s Ronin Blockchain Expands Beyond Game IP with Delegated Proof-of-Stake
Axie Infinity’s Ronin blockchain, which powers the NFT-based Axie Infinity video game, is overhauling its core systems one year after the blockchain was hacked for a record-breaking $625m. The move comes as the company expands Ronin beyond Axie Infinity’s IP and transitions to a delegated proof-of-stake consensus mechanism to make the network more decentralized and less prone to single points of failure. This partnership will build out the Axie universe and expand Ronin to new blockchain-based video games.
Pirate Nation chooses Arbitrum Nova over Polygon for on-chain game
Game developer Proof of Play’s Pirate Nation is leaving the Ethereum sidechain Polygon due to increasing gas fees and will deploy the game on Arbitrum Nova, another Ethereum scaling solution. The move aims to simplify the game’s Web3 experience and make it more affordable and scalable. While some Pirate Nation players buy NFTs on the Ethereum mainnet, any backend activities where players acquire items within the game do not force users to sign in with their wallet or pay gas fees. Instead, Proof of Play covers those fees itself.
The studio had explored other options, including migrating away from Ethereum entirely or considering a private network. However, they chose Arbitrum Nova to support Pirate Nation’s technical features. Pirate Nation’s team is developing its tech solution called “mirroring,” which mirrors game assets on both chains. Pirate Nation is almost entirely on-chain and operated via automated smart contracts. Thus, almost every aspect of the game is stored on a blockchain, except its art, which is stored on IPFS.
Sky Mavis Teams Up with Four Game Studios to Develop Web3 Games on Ronin Network
Game developer Sky Mavis is partnering with four other game studios, Directive Games, Bali Games, Tribes Studio, and Bowled.io. This is to develop new games leveraging the Ronin blockchain network. The developer of the Web3 game Axie Infinity aims to expand its offerings and create an ecosystem of new games on Ronin. The plan is to build out the Axie IP portfolio, which is comparable to Nintendo’s Mario. They also plan to create a network of games while still using Axie characters and lore.
Sky Mavis’ Director of Business Development, Kathleen Osgood, said that the goal is to create a new paradigm of Web3 gaming. The first game from Directive Games is already in beta testing. It is a 4v4 competitive multiplayer shooter called The Machines Arena, with multiplayer and solo-player modes. The other games in development include mobile puzzle games and an open-world MMO called Tribesters: Island of Solas. Google Cloud is validating transactions on Axie Infinity’s Ronin network.
Missed out on last week’s GameFi updates?
Missed the GameFi updates last week? Click here for the GameFi updates from March 27-31, 2023.