Saudi Arabia looks to blockchain gaming and Web3 to diversify economy
The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.
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The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.
Playing crypto games can be riskier than investing in cryptocurrencies, according to the Filipino ACG, considering the ease with which gamers can lose their digital tokens and NFTs.
The company expects to raise another $20-$30 million when the full round closes in the coming months.
Blockchain gaming executives believe the law has not yet caught up with the concept of earning a living through gaming.
From time to time, rumors surface that Grand Theft Auto 6 will integrate cryptocurrency, fueling expectations that the franchise may make its way to Web3.
Cointelegraph team was on the ground in New York to bring exclusive insights from the NFT event.
Gaming hardware giant Razer has issued a call for Web3 gaming submissions through its zVentures corporate venture capital arm.
Sony’s NFT framework aims to integrate NFTs into gameplay, with the technology representing skins and other popular in-game functionalities.
The company announced in November 2022 that it was working on a new Animoca Capital fund with a target of $2 billion but then halved that target in January 2023.
The financing was led by venture capital firm Andreessen Horowitz, with participation from Makers Fund, Bitkraft, Kingsway Capital and Hashed, among others.