PIF Picks: The Top GameFi Updates this February 6-10, 2023

Are you eager for the most recent update on GameFi? At PIF Picks, we have been diligently searching the gaming industry for the newest and most exciting GameFi updates. From February 6-10, 2023, the GameFi community has been abuzz with significant advancements and news! We’ve compiled all the most important ones just for you. Take a look below:

Splinterlands Hits 2 Billion Transactions and Counting

Splinterlands, the Web 3.0 collectible trading card battle game, just hit a major milestone! The game, founded in 2018, announced that it had surpassed 2 billion transactions on the platform. And it’s not just the transactions that are soaring. The daily active user count is over 250,000 players, with over 5 million battles being played daily.

Despite the volatility of the crypto market, the blockchain gaming space has seen significant growth. According to DappRadar, Splinterlands accounts for 96% of all transactions on the Hive blockchain it’s built on. With 2.4 million registered users and almost 1 million active wallets, Splinterlands is well on its way to becoming a household name in the gaming world.

Embedded in a fantasy-themed battle strategy, Splinterlands uses Web 3.0 technology to bring a new level of trading, collecting, and winning rewards to gaming. The game is available in 10 languages and is enjoyed by players from 149 countries worldwide. 

Cannaland Offers Immersive Experience In The Cannabis Industry

Mark Bonner, CEO of Cannaverse Technologies and creator of Cannaland, revolutionizes the cannabis industry with his innovative blockchain-powered metaverse. The project brings the cannabis community together and provides a space for them to interact and transact with each other.

In an interview with Cointelegraph, Mark explained how Cannaland is more than just a platform for enthusiasts. The metaverse offers virtual real estate sales, a mobile app for easy purchases, and a game that allows users to play to earn and learn. The platform also includes Cannalearn, a space for education and research about cannabis.

With a background in renewable energy, Mark brings a unique perspective to the cannabis industry. Cannaland is set to bring the fragmented cannabis industry together and provide a more unified, sustainable future.

Axie Infinity Players Can Now Take Loans Against In-Game Assets

Gamers rejoice! The highly popular P2E game, Axie Infinity, has just announced a major partnership with MetaLend, a leading crypto lender. The partnership is meant to offer players the ability to stake their in-game assets and earn rewards. This is a huge win for the Axie Infinity community, as it provides an opportunity to further monetize in-game assets.

Users of the game can now take loans against their in-game assets, including land and NFTs. With the ability to stake AXS, the governance token of the game, players will have more opportunities to earn rewards.

To participate, players will need to assess the value of their digital assets using the MetaLend-provided calculator and borrow ETH against their asset for up to 30% of its value. The loan process is simple, with a 1% fee taken by MetaTech.

$4M Crypto Heist at Hotel Lobby: Webaverse Co-Founder Shares Bizarre Tale of Trickery and Theft

It was supposed to be a routine meeting between Webaverse Co-Founder Ahad Shams and two potential investors in a hotel lobby in Rome. Little did Shams know, the meeting would end with a $4 million crypto hack and a bizarre tale of trickery.

According to Shams, he was approached by a man named “Mr. Safra,” who claimed he was interested in investing in Webaverse. The two had been in discussions over email and video calls for several weeks. Mr. Safra then insisted they meet in person to “get comfortable” with each other.

During the meeting, Shams showed Mr. Safra the project’s “proof of funds,” which was stored in a newly set up Trust Wallet. The funds were transferred into the wallet, and Mr. Safra asked to see the balances on the Trust Wallet app. He then took out his phone to take some pictures and stepped out of the room to supposedly consult his banking colleagues. He never returned. Minutes later, the funds were gone.

The $4 million worth of USDC was quickly split into six transactions and sent to six new addresses. None of which had any prior activity. It was then almost entirely converted into Ether, wrapped-Bitcoin (wBTC), and Tether via 1inch’s swap feature.

Shams reported the theft to the police and filed a complaint with the U.S. Federal Bureau of Investigation. The ongoing investigations have not yet been able to establish the attack vector. Still, Trust Wallet CEO, Eowyn Chen, has stated that they have high confidence that Trust Wallet did not cause the theft case but was likely an organized crime.

The $4 million exploit is undoubtedly a setback for Webaverse. However, Shams stressed that it would not impact the firm’s short-term commitments and plans.

Missed out on last week’s GameFi updates?

Did you miss our GameFi updates last week? Click here for the GameFi updates from January 30 – February 3, 2023.

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