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Data from decentralized app tracking platform DappRadar shows that $600 million in investments flowed into the blockchain gaming space in the third quarter of 2023. Blockchain gaming projects have seen $2.3 billion in investment s in 2023, with the third quarter getting $600 million despite crypto market prices seemingly being in a bearish mood all year.  According to a report from the decentralized applications (DApp) tracking platform DappRadar, the first quarter of 2023 netted $739 million in investment s, while the second and third quarters got $973 million and $600 million, respectively. This shows that the blockchain gaming sector attracted a total of $2.3 billion in investment s in the first three quarters of 2023. Investments in blockchain gaming projects by quarter. Source: DappRadar Among the investments in the third quarter of 2023, $213 million went to the development of metaverse-related games and technology despite some declaring the metaverse to be dead. The rest of ...

Simulation games are a big business, offering a real-world form of escapism. Now, the Metaverse is taking players even further: to the surface of Mars. The arrival of the PC was transformative for gaming — avid players could suddenly experience what it’s like to be a pilot, a train driver or even a goat through simulation. As cutting-edge as this new genre was, it also had its limitations. Powerful graphics cards were needed to ensure the game ran smoothly, and small screens meant players would always be aware they were in the real world . The advent of virtual reality headsets changed all that. Thanks to this technology, gamers can have a 360-degree view of sitting in a cockpit or piloting a high-speed train from London to Paris. Virtual world s in the Metaverse can also unlock hyper-realistic, immersive experiences beyond anything players have seen before. The market for simulation games continues to grow. Meanwhile, figures from Statista suggest total market volume in this genre i...

This week NFT Steez spoke to award-winning artist Victor Solomon about basketball, the metaverse, Web3 and his unique NFT collection. NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey in bridging his in-real-life artwork with NFTs and how he cultivates the community and culture that surrounds his art.  Solomon's work centers around basketball — not just the object, but the sport itself. For Solomon, the inspiration for his work comes from wanting to play hockey in his early childhood. At the time, this was a sport that was not accessible for him, but it led to his eventual discovery of basketball, which he found to be more accommodating.  Solomon said: "Basketball was such an inspirational platform for me since there's no barrier to entry."  According to Solomon, the open nature of basketball is an "incredible parallel for everything that's happening in Web3," and throughout the episode, he explained th...

Map2Earn is a revolutionary Metaverse-oriented economic model that enables users to become mappers while earning tokens. Blockchain has been fostering the development of new and often unpredictable markets and economies driven by demand for innovation. From unprecedented crowdfunding mechanisms to play-to-earn (P2E) and move-to-earn (M2E) models, decentralized technology is empowering communities like never before. One of the next big things in today’s tech revolution is the so-called Map2Earn — an emerging and fast-growing trend revolving around an economic model that incentivizes people to scan physical locations and buildings for 3D mapping. While this is not an independent market yet, Map2Earn may play an essential role in augmented reality and the Metaverse. Both are multibillion-dollar markets and are expected to expand rapidly in the following years. Some analysts expect the Metaverse market to exceed the $1 trillion mark by 2030. The AR and virtual reality market may grow to a...

A cybersecurity firm warned users of a fake Pokemon NFT game that spreads malware and targets gamers. In this week’s newsletter, read about how the Metaverse may integrate touch and smell . Check out how the nonfungible token (NFT) project Moonbirds plans to become a global brand and how NFT marketplace Magic Eden will refund users affected by a recent exploit. In other news, find out how NFT image hosting issues can be resolved, according to executives within the NFT space. And don’t forget this week’s Nifty News featuring a warning to gamers about a fake Pokemon NFT game spreading malware.  Touch and smell become the next big thing for the metaverse at CES 2023 One of the catalysts for the metaverse to generate $5 trillion in value in 2030 is the development of a more human experience. With the senses of smell and touch added to virtual reality (VR) experiences at the Consumer Electronics Show (CES) 2023, the metaverse is set to deliver more positive experiences to users. A metavers...