Welcome back to V3RSD and thank you for being here! This is Subnation’s weekly roundup of relevant, interesting, and hard-hitting stories from the web3, gaming, and tech spaces. The following five articles cover the topics from our 5Cs: Culture, Content, Community, Conversation, and Commerce. Enjoy, and let us know what you think by leaving a comment!
The music streaming platform Sound.xyz is opening up to the general public. Launched in 2022, it was only available to a select number of music creators. Soon anyone will be able to sell their music to fans and earn 100% of the revenue.
Atari founder Nolan Bushnell and former president of Atari and Sega Europe Larry Siegel present Moxy. It’s a token, it’s a platform, and it’s vying to be the next big thing in Esports. With Moxy, anyone can play games competitively with a shot at a prize pool.
A number of Web3 companies are working together to premiere Gaming Demo Day for the first time on July 26th. On the day of, web3 game start-ups will present their projects to the world, with a chance to win cloud credits.
One of the biggest topics of the week was the win Microsoft achieved against the FTC regarding their acquisition of Activision Blizzard. Microsoft remains adamant that the acquisition will benefit gamers and the gaming industry.
Xterio, a blockchain game developer and publisher, has received $15 million in funding from Binance Labs. The intention for the investment is to implement AI into its development toolkit as well as launch the Xterio token.
If you’re interested in learning more on any of these topics, you can read the full articles below.
CULTURE
Web3 Music Platform Sound.xyz Announces New Era of Open Accessibility
NFTNow — Over the past few years, the music streaming landscape has continued to shift drastically. With the proliferation of Web3 music bringing new interest to the potential of blockchain technology, Web3 services and platforms have found it necessary to evolve — and fast. Still, none seem to have gone as above and beyond to communicate the promise of tokenized music to both artists and fans than Sound.
Having existed primarily as a closed, curated platform since launching in 2022 (generating $5.5 million in revenue for a select group of creators), Sound (often called Sound.xyz) is now transforming to make Web3 music more interactive and accessible. On July 12, the platform announced that it will be opening up to the public, with its unique roster of tools that empower artists to sell their music directly to fans now available to all…[cont]
CONTENT
Unleashing the future of video games with on-demand esports
Cointelegraph — A new era in video gaming is just around the corner, and it’s being driven by a vision of on-demand esports. By enhancing traditional video games with esports gameplay that offers players real payouts, and by offering developers an easy solution to incorporate esports game modes into their titles, one project is setting the stage for a revolutionary future in the gaming industry.
While the global esports market is exploding, it’s currently dominated by just a few mainstream titles, with organized tournaments participated in exclusively by professional gamers. The average gamer is left in the cold, unable to capitalize on their skills or compete for payouts in the titles they love, while professionals rake in massive rewards…[cont]
COMMUNITY
Web3 meets gaming — Gaming Demo Day with Cointelegraph Accelerator, Animoca Brands, Tencent Cloud, ConsenSys, Cipholio and Brinc
Cointelegraph — The gaming industry is gravitating toward Web3 thanks to the promise of a fairer and more player-centric gaming experience, with gamers making up nearly half of all blockchain activity in early 2023.
The first quarter of 2023 brought in $739 million in investments for the blockchain gaming industry, marking a 12.95% growth, according to DappRadar. Gaming activity across blockchains clocked at 790,000 daily unique active wallets during the same period, signifying the importance of the gaming subsector for the overall blockchain economy while paving the way for the development of high-quality Web3 games…[cont]
CONVERSATION
FTC loses case to block Microsoft Activision $69B deal
Fox Business — The U.S. Federal Trade Commission cannot stop Microsoft’s proposed $69 billion purchase of Activision Blizzard, a California judge ruled on Tuesday.
The deal, originally announced 17 months ago, can now move forward by the July 18 deadline.
In her ruling, Judge Jacqueline Scott Corley said, “Microsoft’s acquisition of Activision has been described as the largest in tech history,” and “it deserves scrutiny.” [cont]
COMMERCE
Binance commits $15M to Xterio to boost Web3 game platform with AI
Venture Beat — Binance Labs, the venture capital and incubation arm of Binance, has committed $15 million to Xterio to boost its Web3 game platform with AI technologies.
Xterio is an operating company and strategic partner for Binance. Xterio aims to bridge free-to-play games and blockchain gaming with in-house and third-party games currently in development. The investment from Binance Labs will help Xterio expand its game development capabilities by integrating AI and launching its tokens…[cont]
Appendix:
- Google Play now supports Web3 experiences
- How Web3 can help island nations fight climate change: Opinion
- How Japan’s regulatory moves in Web3 can be an example for nations globally
- Lacoste Unveils Tokenized NFT Ecosystem Game
- What Dior’s NFT sneakers say about luxury’s Web3 future
That’s all from us here at Subnation this week. Thank you for joining us for V3RSD! If you’d like this directly in your inbox every Monday, you can sign up HERE.
