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Animoca Brands CEO Robby Yung says investors have been more discerning when allocating capital to Web3 gaming projects during crypto winter. Investing in Web3 gaming has required a greater level of due diligence through a testing crypto currency bear market, according to Animoca Brands CEO Robby Yung. Yung, who is also co-founder of popular Metaverse platform The Sandbox, highlighted more robust check-boxes when considering Web3 gaming investments while speaking at the European Blockchain Convention in Barcelona. Related: Animoca still bullish on blockchain games, awaits license for metaverse fund The Animoca Brands CEO said that investment propositions involve finding a mix of passionate teams with specific skill sets who are building product ideas that have a clear market fit: “Now that we're in a sort of crypto winter and an economic downturn, from the investor perspective, we can afford to be quite choosy because obviously, capital is scarce.” Yung added that the stage of d...

Sky Mavis executive Kathleen Osgood said that the catalyst for the revival of blockchain gaming would be an experience that understands the motivations driving users into Web3. Sky Mavis, the company behind the popular play-to-earn (P2E) blockchain game Axie Infinity, has announced a partnership with the Ethereum-based nonfungible token (NFT) collection CyberKongz to create a more comprehensive gaming ecosystem for the Ronin blockchain. In the announcement, the company also teased the creation of a new game, though it only provided scant details about the upcoming game development. However, Kathleen Osgood, the head of business development at Sky Mavis, told Cointelegraph in a statement that the new game will be interoperable by integrating with existing Axie Infinity experiences. Apart from a new game, the announcement also highlighted that CyberKongz’s Play & Kollect game — a Polygon-based blockchain game that integrates soulbound tokens and allows players to collect NFTs from ...

Epic Games is steaming ahead with plans to list NFT games on its store, while the second 3AC NFT auction on Sothesby's is slated to take place this month. The Pixel Penguin alleged ‘charity project rug’ Nonfungible-token (NFT) project Pixel Penguin has caused a stir this week in what a blockchain investigator ZachXBT has alleged is a “charity project rug.” The project quietly launched in February, but drew a lot of attention on May 31 following a Twitter thread from Web3 influencer Andrew Wang. I woke up today to see one of my friends trending on twitter, @Hopeexist1. she made a collection to help herself battle cancer and some awesome web3 people spotlighted her today, so i'd like to add to it pic.twitter.com/Fr5Mcu26eR — andrew wang (@andr3w) May 30, 2023 Wang claimed his friend Sarah, known as Hopeexist1 online, was the creator of Pixel Penguins, and noted that she had “made a collection to help herself battle cancer.” At a $13 mint price, Wang claimed that 20% of the p...