Are you in need of the latest GameFi news? This week, we have diligently followed the GameFi space for the most recent and captivating advancements. Here is a compilation of all the significant GameFi updates this March 13-17:
Product Placement NFTs: PlayMining GameFi Platform’s New Advertising Solution
DEA, a Singapore-based global Web3 entertainment company, has launched an innovative advertising solution called “Product Placement NFTs.” This allows companies and individuals to create original NFTs on the PlayMining GameFi platform.
NFTs with utility can increase user engagement compared to traditional advertising methods. Companies may anticipate a rise in revenue due to this advertising strategy, with NFT sales producing immediate earnings. The PlayMining GameFi platform has casual P&E games, allowing players to earn DEP through play, several of which are in active development and scheduled to launch in 2023.
The PlayMining NFT marketplace is also integrated into the GameFi platform. This allows players to use DEP or fiat currency to acquire game NFTs and Product Placement NFTs. To date, the PlayMining NFT marketplace has paid over SG$ 9 million in royalties to official and fan art creators. DEA aims to democratize content on PlayMining through collaborative content creation.
Pokémon on the blockchain? Company looks for Corporate Development Principal with Web3 expertise
According to a job listing, the Pokémon Company is looking to hire a Corporate Development Principal with Web3 and blockchain technologies knowledge. The position would advise the company on strategy and explore innovations. A deep connection to a network of investors and entrepreneurs in the technology sectors above Web3 and metaverse is required by applicants.
The listing doesn’t give a clear sense of potential moves the company could make in Web3. But the job could help push innovation at the 24-year-old company. The concept of collecting monsters in the Pokémon franchise could be a perfect match for NFT-based games or collectible digital assets. The job listing points to a role exploring potential partnerships with external firms regarding new technologies.
Epic Games Plans to Add Nearly 20 Crypto Games to Its Marketplace
Fortnite developer Epic Games is set to expand its cryptocurrency-enabled games on its online marketplace, according to an interview with Epic executive Steve Allison. Currently, five blockchain games are available on Epic’s marketplace, with nearly 20 more planned to be added by next year.
Allison noted that while Epic Games will not develop or publish these games themselves, it is keeping a close eye on the safety of the games and the reputation of their publishers. One of the most popular crypto games on the Epic platform is Blankos Block Party, a free-to-play multiplayer game developed by Web3 gaming studio Mythical Games.
Epic Games hopes to learn more about the potential of crypto gaming by launching these new games.
Shiba Inu Lead Commends Progress on Shibarium Gaming Guild Development
Shiba Inu lead Shytoshi Kusama has praised the development of a gaming guild project for the Shibarium network. The PawZone team will launch several projects on Shibarium, and the Shiba Inu gaming guild is one of them. Kusama, the Shiba Inu lead, mentioned that the gaming guild project was among the initial concepts for the Shibarium network. As for PawZone’s plan, they will first release their NFT marketplace, Pawzaar, before continuing to develop the Shiba Inu Gaming Guild.
The gaming guild will allow Shiba Inu community members to borrow in-game assets and keep any profits they make from playing blockchain games. The gaming guild will help burn SHIB by sending a few transactions to the designated burn address. As of press time, the team has not yet released the PAW token, which will serve as the governance token.
Missed out on last week’s GameFi updates?
Missed the GameFi updates last week? Click here for the GameFi updates from March 6-10, 2023.