The ongoing crypto winter, which has wiped out almost $2 trillion in value from the market, has affected blockchain companies across the globe. This has resulted in nearly 5,000 people losing their jobs in recent months.

https://wngamefi.com/2022/08/31/5000-layoffs-at-crypto-companies-this-year-coinbase

Web3 game developer and publisher Xterio has raised $40 million in a new funding round. The Swiss company plans to build a social gaming platform and create free-to-play cross-platform blockchain titles based on its own IPs.

https://wngamefi.com/2022/08/31/xterio-raises-40-million-web3-games-funplus

Sygnum is the first Swiss bank to have its own metaverse residency. The crypto company and virtual asset manager has announced the opening of a digital hub in Decentraland. It will feature an NFT gallery and space for virtual conferences.

https://wngamefi.com/2022/09/01/sygnum-decentraland-metaverse-hub

Crypto Fantasy Town, an upcoming blockchain game based on the mobile title of the same name, has closed a seed investment round. It is a social sim project, which also offers the NFT lending system to lower the cost of entry.

https://wngamefi.com/2022/09/02/crypto-fantasy-town-seed-round-solana-ventures-nft-lending

Ahead of Ethereum’s switch to the proof-of-stake model, Mythical Games has announced its own chain compatible with the EVM (Ethereum Virtual Machine). The team behind Blankos Block Party is looking forward to reducing gas fees for gamers.

https://wngamefi.com/2022/09/05/mythical-games-working-on-ethereum-compatible-chain

Renault teams up with The Sandbox to expand virtual auto experiences. The recent partnership between the decentralized gaming platform and the renowned French automaker promises to deliver expanded real-time automobile experience to their customers.

https://wngamefi.com/2022/09/09/renault-teams-up-with-sandbox-to-expand-virtual-auto-experiences

U.S. State authorities strive to oversee the crypto industry. September 16 was marked with an issue of a first-ever comprehensive framework for the responsible development of digital assets in the USA. What are the document’s highlights and why might it be far-reaching for the dynamics of the crypto economy?

https://wngamefi.com/2022/09/22/white-house-presents-framework-for-crypto-industry-regulation-in-the-usa

The Merge’s impact on the NFT market cannot be disregarded. While once the most popular and most-affected NFTs are seeing a sudden surge in sales, other brand-new PoS tokens are minted in celebration of the occasion. Let’s zoom in on what’s happening in the post-merge market.

https://wngamefi.com/2022/09/19/how-ethereum-merge-aroused-nft-community

UAE government pursues to secure a place in the metaverse space with its ambitious upcoming project Dubaiverse developed on the Sandbox platform. What's special about it?

https://wngamefi.com/2022/09/26/metaverse-megapolis-whats-special-about-upcoming-dubaiverse-project

The launch of Meta’s new digital collectible feature enables the free showcasing and crossposting of NFTs on popular social media. This milestone release nudges us to trace how Meta developers advance the platform by providing more NFT-friendly opportunities to its users.

https://wngamefi.com/2022/10/07/how-meta-propels-web3-with-new-nft-sharing-function-for-instagram-and-facebook

Welcome the world's first debit card with NFT avatar! The crypto-friendly financial app hi – a multiservice crypto exchange and a digital banking platform partnered with Mastercard to launch the first NFT-customizable fiat and crypto debit card, so what is to expect from the product, and is it worth attention?

https://wngamefi.com/2022/10/07/mastercard-and-crypto-app-hi-release-worlds-first-debit-card-with-nft-avatar

Istanbul Blockchain Week is coming, and within its extensive program, blockchain gaming company W3E will host the world’s first Web3 esports tournament on November, 17. Let’s go over the event’s highlights and key figures.

https://wngamefi.com/2022/09/29/web3-gamers-of-the-world-to-unite-on-first-ever-esports-tournament-during-istanbul-blockchain-week

STEPN doesn’t have a bright future any more. Its parent company Find Satoshi Lab is ready to say goodbye to the vast number of workers that were working on the product and to switch its focus to other initiatives.

https://wngamefi.com/2022/10/12/huge-layoffs-in-the-stepn-office-100-people-on-the-way-to-retire

In the wake of the last news about layoffs in STEPN, we found an expert who had been following the full story of the product and had been running in the virtual shoes of the game. He shared with us his opinion about the situation around STEPN.

https://wngamefi.com/2022/10/13/why-stepn-faced-the-crisis-expert-opinion

Calvaria is one of the up-and-coming names in the gaming market that already managed to catch the attention of many media and investors such as Unity Capital Ventures in less than a year. With its versatile features, the developers promise to expand the NFT card game niche, which also drives us to check what opportunities the game will actually provide.

https://wngamefi.com/2022/10/19/nft-card-game-calvaria-pursues-to-innovate-the-trading-card-game-world

Exergy Games studio introduced its latest P2E racing game – Rocket Dogs. Its gameplay style the developers call unique, so let’s see what actually tactical racing is and what it has to do with dogs?..

https://wngamefi.com/2022/10/20/exergy-games-to-embark-on-tactical-space-racing-with-its-new-nft-game

NFTs evolve, and new kinds of tokens emerge, introducing more advanced features. The CC0 type is the industry’s newcomer, so let’s see what makes it special in the market and how it may help creatives establish, manage, and profit from their work.

https://wngamefi.com/2022/10/26/what-are-the-new-cc0-type-nfts-and-how-will-they-tackle-the-ip-issue

The Sims and Spore creator Will Wright is back in the game business with the new metaverse project VoxVerse promising “a unique and immersive” cross-game experience. Let us see what his team is preparing for gamers and whether it will astound the well-nourished Web3 game industry.

https://wngamefi.com/2022/10/27/how-sims-will-wright-integrates-web3-into-his-recent-game-voxverse

Animoca Brands and its own learning platform TinyTap will auction the first education Publisher NFTs on OpenSea. These NFTs are aspiring debutants on the marketplace that promise to innovate the Web3 education model and facilitate financial rewards for the content made by educators, so let’s see how exactly the project will work.

https://wngamefi.com/2022/11/01/animoca-brands-to-empower-teachers-with-its-first-education-publisher-nfts

Three major cryptocurrency companies almost simultaneously announced the mass layoff of their staff by up to 30%. The three begetters are Galaxy Digital, BitMEX, and Digital Currency Group. What’s actually going on and if one may still call it a coincidence – let’s observe.

https://wngamefi.com/2022/11/03/crypto-companies-galaxy-digital-bitmex-and-dcg-claim-mass-layoffs