China News by Thebittimes.Com

Over the last 50 years, video games have mostly been a way to relax and forget about a busy day. But now, with news of new blockchain technologies like NFTs, a new type of video game that rewards players with cryptocurrency is emerging. These “play-to-earn” games are making it possible for gamers to earn real money by playing video games while also giving them a chance to get involved in the profitable crypto industry. The last few months have seen a surge in such projects, with the Web3 universe expanding rapidly. Recently, market attention has been particularly driven toward Galaxy Fox ($GFOX), a new word in the play-to-earn industry that also fits into the meme coin category. Let’s review this new ICO crypto and discuss whether or not you should add it to your altcoins to buy list. How to earn money by playing Galaxy Fox In the online gaming world, $GFOX is introducing a new era of P2E models, making it accessible and rewarding for ever...

Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team. Cutbacks at Yuga Labs Bored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company.” The exact number of layoffs hasn't been specified, however, in an Oct. 6 blog post shared via X ( formerly Twitter), Yuga Labs CEO Daniel Alegre suggested the firm had taken on too many projects that were ultimately distracting it from its “core priorities.” Yuga Labs is announcing a restructuring that will better focus our team on our core priorities. While certain roles have been impacted, these changes are necessary to evolve as an organization. For more see a note written by @dalegre on our https://t.co/722YfqwaCB official blog. — Yuga Labs (@yugalabs) October 6, 2023 “I realized very quickly that there were a number of projects that, while well-intentioned, either spr...

The gaming industry is at a pivotal crossroads, where the transition from Web2 to Web3 gaming has become the focal point of innovation and transformation. In the ever-evolving digital landscape , the distinction between Web2 and Web3 gaming has gained exponential significance. Web2 gaming is typically characterized by centralized, self-contained ecosystems, while Web3 gaming embraces blockchain technology, decentralization and the concept of players owning in-game assets. The shift from Web2 to Web3 gaming has emerged as a central point of innovation and transformation within the gaming industry. In this interview, Naoki Motohashi, the producer of TOKYO BEAST, a crypto-entertainment IP project, delves into the dynamics of this profound shift in gaming paradigms. With a substantial background as a producer in Web2 social games, Motohashi provides his perspective on the driving forces behind this transition and the reasons why Web3 gaming is poised to reshape the gaming landscape . Coin...

A new survey showed that developers believe that integrating Web3 will have an impact in terms of user acquisition and retention. As blockchain gaming gains broader adoption, 3 out of 4 game developers are expecting to work on Web3 game projects in the future, according to a recent survey.  Blockchain entertainment firm Coda Labs commissioned a survey, targeting game developers to have a peek at their thoughts about Web3. After conducting the survey, the researchers found that a majority of the respondents believe that Web3 gaming is on its way to their firms. 75% of the participants expect to work on Web3 projects in the future. Apart from this, more than half of the survey participants believe that Web3 will revolutionize the gaming industry. Some believe that Web3 will have an impact in terms of user acquisition and retention. 40% anticipate that implementing Web3 will bring more new users, while 36% believe that Web3 integration will enable games to retain users better. Sekip Can...