Sky Mavis, the creators and developers of play-to-earn (P2E) sensation Axie Infinity (AXS), have launched a governance token for its Ethereum sidechain the Ronin Network. The RON token will be used to pay for gas fees on Ronin, while providing several decentralized finance (DeFi) extras, including staking and community governance.
The rise of blockchain-powered metaverse projects has been one of the major storylines in crypto over the last couple of months. Few projects in the sector have enjoyed as much market success and rapid growth of its userbase as the Ethereum-based virtual multiplayer game The Sandbox. The team behind the highly successful game has now launched a $50 million accelerator program, designed to invest in and mentor metaverse startups.
Alternative investment firm Mechanism Capital is the latest entrant to the increasingly competitive crypto gaming investment space. The company that was founded with a focus on decentralized finance (DeFi) in 2020 has just announced “Mechanism Play,” a new $100 million investment unit that is betting on the long-term success of Play-to-Earn (P2E) gaming projects.
Learn how to participate in the Monster Galaxy Play 2 Earn IEO on Bybit Launchpad in our step-by-step guide.
Bybit, one of the leading digital assets trading platforms, has already announced its ninth Launchpad project, less than a week after the Kasta IEO ended. Bybit users will be able to participate in the initial exchange offering (IEO) of Monster Galaxy (GGM) with their BitDAO (BIT) funds. The Monster Galaxy team aims to raise $250,000 in the public sale of 10 million GGM tokens, at an initial IEO price of $0.025.
Drone racing is a rapidly emerging form of entertainment that allows competitors to put their split-second decision-making to the test and use head-mounted displays to navigate their customized drones over a set course as quickly as possible. Drone Racing League (DLR) is reportedly partnering with Playground Labs to bring the popular concept to the metaverse.
The South Korean government has begun cracking down on Play-to-Earn (P2E) content featured in application stores by tech giants Apple and Google. The officials have requested that the existing games be removed while blocking the release of new games using the novel monetization mechanic.
After successfully completing private rounds and IDO, Play2Earn token of CryptoTanks game will be available for trading on the decentralized PancakeSwap exchange on December 21. Trading will be available from 17:00 UTC in BUSD/TANK trading pair.