According to a report titled "Banking in Video Games and Virtual Worlds" , the Consumer Financial Protection Bureau (CFPB) of the United States stated that cryptocurrency may have a small share in the virtual gaming world, but game creators are becoming increasingly interested in bringing virtual items into the real world, and users should be aware of financial risks in video games and virtual worlds.

According to official sources, the modular game Layer1 Tabi has launched a new activity, Voyager II, on the test network. This activity aims to continue the achievements of the previous Voyager I and provide users with larger-scale rewards.

One question that I often get when discussing consumer app ideas leveraging crypto is “does this really have to be in web3”? This often leads to an exposition on how building a web2 counterpart would be substantially difficult or simply not work. The intention of this post is to provide a comprehensive analysis on game theory and its applications in web3. Game theory is a more generalized approach and covers governance, token models, decentralization et al. I believe this new framework can be leveraged to build powerful applications. The right incentives can propel the society in a good direction.

Gaming has always operated at the absolute cutting edge of technology. The earliest video games (think Pong, Space Invaders, Doom, Quake) were deceptively simple, but pushed the limits of early computer graphics and network capabilities—eventually birthing companies like NVIDIA, which would go on to revolutionize not only the gaming industry, but technology entirely. Gaming continues to be a meaningful playground for frontier technologies today, from AI/ML to blockchains to VR/AR. However, to understand exactly where and how these technologies can fundamentally improve games requires a first principles understanding of games themselves. In this post, I’d like to deconstruct the elements of a game and explore opportunities to actually make them more immersive and ultimately, fun.

The Big Blockchain Game List created by Jon Jordan shows that out of the 1322 blockchain games listed to be included in 2023, 407 have already ceased operations, accounting for 31%.Most of the 407 closed games were shut down in the first half of last year: 248 games were closed in the first half of 2023, while 162 games were closed in the second half. Among the games closed in the second half of 2023, 50 games (31%) had already been launched, while the remaining 69% were in the development stage when they were shut down.There were 18 games closed on the BNB chain, the largest number among mainstream chains, followed closely by Polygon with 17 games closed. In the second half of 2023, 10 blockchain games on Ethereum were closed, while Sui and Solana each closed 9 games. (CryptoSlate)

In April 2022, we announced an exciting partnership with Alephium (ALPH), an innovative and scalable Layer 1 blockchain. Since its mainnet launch on 8th November 2021, the chain has achieved key milestones, including releasing a bridge, welcoming its first dApps, such as a decentralized exchange (DEX), and launching a full wallets suite.

There was a lot that happened within Realms and Loot this week so we split our update into two reports. Yesterday we published a report on the attempted theft of the Loot Treasury and a counter request to move the Loot Royalty funds to BiblioDAO for safekeeping. Today, we’re focusing on Frontinus House developments and DAO governance discussions. Plus, of course, our mascots, Nibs and Sir Nobs.

Hello and welcome to Dark Tunnels, a newsletter dedicated to exploring the emerging ecosystem of fully onchain games. Dark Tunnels is published by Always Scheming, a research consultancy focused on the future of interactive entertainment.

CoinGecko Research data shows that in 2023, AI, GameFi, and meme coins will respectively occupy the top three positions in the cryptocurrency narrative, while Solana ecology, BRC20, RWA, and Layer1 rank fourth to seventh, and DeFi, Layer2, Ethereum ecology and other tracks rank lower.

Web3 gamified social learning platform Hooked Protocol announced the integration of Sei Network in Hooked 2.0 expansion to enhance mastery of Web3 and achieve permanent growth.