April 20 (Cointime) - Tales of Elleria, an immersive three-dimensional role-playing GameFi project built on Arbitrum One, has experienced an exploit, resulting in a loss of over $280,000 USD. 

The hacker generated his own signature and withdrew a large amount of $ELM in four transactions from the bridge.

Cheelee, the GameFi short video platform well-known for rewarding users for viewing their feeds, has announced the most monumental Community Drop of 2023. Starting from April 17th, every vertical video lover now gets the chance to get on board one of the most promising projects ever launched and take home a share of a $5,000,000-worth pool of CHEEL tokens. The community drop will be run on Zealy platform, so everyone is warmly welcomed to grab a share of the loot.

GameFi is a relatively new concept in the cryptocurrency industry that combines gaming and decentralized finance (DeFi). GameFi tokens are designed to be used within gaming ecosystems and can be earned or traded on decentralized exchanges (DEXs) like other cryptocurrencies.

There are a lot of great things in store for the future of video gaming, and one company that is at the forefront of this revolutionary change is GameFi. Based out of Los Angeles, GameFi is a startup that is focused on developing new technology that will shape the future of gaming. Here are five GameFi projects that are worth keeping an eye on:

CEBG Game, a company focused on redefining the gaming industry in the Web3 space, has successfully raised $3 million in its private round.

Zero-knowledge proofs (ZKPs) have the potential to enable scalable and private payments as well as smart contract platforms.

In Q1, ABCDE team has Looked at more than 100 projects and tried the water temperature. There are several tracks that are particularly hoy, including Appchain, ZK, and Gaming.

GameFi project Metalevel has commenced the presale for its native token. Holders of the MLVL token will be able to utilize it in a variety of ways throughout the Metalevel ecosystem.

SuperWeb3 hosted the 6th Online Demo Day on April 6th, 2023 on ZOOM. There were 11 Web3 start-ups from around the world and 107 Web3 investors registered for the event. The start-ups are building products in GameFi, Infrastructure, Metaverse, NFT and Utility. All 11 start-ups showcased their innovative products to potential investors.