DeFi Gamifies as Axie Flees From Ethereum & Hashmasks Dominates — Play to Earn #58
420 ETH for an NFT that was acquired for less than 1% of that
The Ethereum blockchain and its DeFi services are so popular, that gas fees are often more than $100. I’ve even seen gas fees for complicated transactions that were more than 1 ETH. The cry for layer-2 solutions is definitely getting louder, even though it’s good to see that decentralized infrastructures are gaining traction. In the world of gaming Axie Infinity launched their sidechain solution, solving the Ethereum problem. At the same time the digital art / collectible project Hashmasks made headlines with unprecedented amounts of NFT trading. So much action happening in the NFT space, good thing you’re subscribed. 😎 — Robert Hoogendoorn
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NFTs are so hot right now. Sure. That’s true. But there’s one project that’s really stealing the show, and that’s Hashmasks. These digital collectibles sold out over the last weekend of January, and the secondary market is on fire. Hashmasks is the number one digital collectible on the market, and the most expensive artwork sold for 420 ETH. ▶▶▶ Read more
The upcoming MMO game Mirandus from Gala Games has made headlines on Play to Earn on a regular basis. This time there’s not a record NFT sale, but five virtual banks that were auctioned for a combined amount of approximately 229 thousand dollars. One person won two auctions, and Gala Games has different plans for the other five banks that can be found inside Mirandus. ▶▶▶ Read more
We talk a lot about NFTs, especially on Ethereum. However, NBA Top Shot has been doing 40 million dollars in sales on the Flow blockchain in the past month. That’s an amount we haven’t seen in recent times on Ethereum. Yet, most projects are build around Ethereum. That’s why the growth the NFT market on Ethereum experience in January really matters. ▶▶▶ Read more
I have to say that it feels like the launch of Ronin happened a bit quietly. Ronin is a sidechain on the Ethereum network, allowing users to interact with Axie Infinity and all its blockchain function without paying gas fees. From an user experience perspective is this pure winning. Not all functionalities are there yet though, but the first major step has been made! ▶▶▶ Read more
The future is online, or at least much more online than you’re now. Instagram is a status symbol, and this concept will move into the blockchain space and the metaverse as well. Your wallet will become a symbol. And you better look cool when you login to a Web3 powered virtual world. That’s why CryptoAvatars are great, and they are auctioning two UNIQUE avatars every week! ▶▶▶ Read more
Many of us like liquidity pools, NFT mining and other gamified forms of financial services. But what happens when you really put decentralized finance in a video game. That’s what Cometh is all about. ▶▶▶ Read more
Crypto Art & Digital Collectibles Headlines
- KOGs Staking Earns RFOX Tokens — 🤡 NFT sets staking
- Niftex To Add NFT Governance Over Shards — 🧩 One piece is all it takes
- Pranksy’s NFT Boxes Sold Out in Six Minutes — 🍒 Box with collectibles!
- Aavegotchi Launching NFT Marketplace on Matic — 👻 ghost trading!
More Gaming Headlines
- B2Expand Shows Light Trail Adventures — ☄ Space brawler gets spin-off
- Seascape Platform Merging Games, NFTs and DeFi — 🎰 Gamified banking
- My Crypto Saga Now Available in Open Beta — 🍙 Stronger on play-to-earn!
- Blockchain Cuties Embracing Cross-Chain DeFi System — 😺 Kitty powerrr!
- Ghost Festival Coming to Phantasma Blockchain — 🎪 Fam friendly
Play to Earn Community News Update
We used to have a membership on our website that would allow members to claim bonus $PLAY from every news post. However, Ethereum gas fees basically killed that idea. There’s no way I will be putting all of you at risk of spending insane amounts of gas fees. As a result the membership will be cancelled. Instead I will increase the regular $PLAY airdrops on our news articles. The more you read and learn about NFTs, crypto art and blockchain gaming, the more you’re able to earn. Thanks for reading, you can get your PLAY here.