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Let’s get business out of the way before getting to the fun part: Meta, the parent company of WhatsApp, Facebook and Instagram, is heavily involved in virtual worlds through its metaverse unit, Reality Labs. 

However, its investments have yet to pay off, with the metaverse company reporting collective losses of over $40 billion. 

Despite the losses, investors are optimistic about Meta CEO Mark Zuckerberg’s long-term bet on the metaverse, sending the stock up 7% after hearing Zuckerberg’s reasoning on the Meta Q2 2023 Earnings call.

Meta Stock Price
Meta’s stock price spiked to over $320 after Meta Earnings Call. (Google Finance)

Wall Street seems convinced by his arguments, which are backed by Meta’s improved overall business performance as the platform saw its revenue increase in the second quarter. Zuckerberg aims to cover metaverse costs with the growth from Meta’s family of apps, which has increased by $2 billion, making it just over halfway to covering the $3.7 billion loss from Reality Labs.

I can’t guarantee you that I’m going to be right about this bet. I do think that this is the direction that the world is going in.”

The Meta CEO believes an immersive version of the internet will become the norm. He supported this statement with examples of trends such as smart glasses and immersive communication:

There are 1 billion or 2 billion people who have glasses today. I think in the future, they’re all going to be smart glasses. And all the time that we spend on TVs and computers, I think that’s going to get more immersive and look something more like VR in the future.”

After the launch of Threads — excitement over which faded after a short while but has been reignited — Meta will reportedly release AI chatbots with human-like personalities with a focus on user retention.

Role-playing game combines AI and NFT on Discord

A new blockchain game is cooking for all the text-based role-playing game lovers out there. Alchemy: Battle for Ankhos will be running on Discord, using the platform’s familiar environment to host battles in a fantasy world.

Although this isn’t an entirely new concept, with examples like Wordle, PokeMeow and Guess the Song, bringing along crypto and AI will surely spice things up.

The art style immediately conjures memories of Darkest Dungeon — another turn-based RPG with roguelike mechanics. Four developers are building the game with the support of generative AI tools, including OpenAI and Midjourney. The Alchemy: Battle for Ankhos team utilizes Midjourney to create art, while OpenAI gives NPCs custom behavior. 

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The project, which was one of the five winners in Solana’s NFT Showdown, will allow players to mint their assets from in-game menus without any blockchain knowledge. According to the game’s creative director, Alex Finden, nearly every asset earned or purchased in-game will be optionally mintable.

A new challenger: Web3 gets a new esports platform

Professional Dota 2 player Erik “Tofu” Engel, who has won over $400,000 from various esports tournaments, has recently expressed interest in the Web3 stage. 

Short for “electronic sports,” esports is a growing industry with an audience of more than half a billion people on the global stage in 2022, with expected growth to $1.87 billion in revenue by 2025. With these numbers, it is no wonder Web3 players are competing to enter the space.

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Crypto gaming startup Ultra also heard the call and announced the launch of an esports tournament platform built on its own blockchain network called Ultra Arena. The platform, which will launch on Aug. 8, will allow players and brands to organize tournaments and leagues with NFTs and platform tokens as prizes. 

Ultra Arena will support popular Web2 games, including League of Legends, Counter-Strike: Global Offensive, Overwatch 2 and PUBG, along with games already available on its PC game store, Ultra Games.

Hot Take: Gods Unchained

One of the oldest and most popular free-to-play Web3 games, Gods Unchained, found its way into my playlist with its recent release on the Epic Games Store.

The turn-based card game distinguishes itself from frontrunners of the genre with its Web3 elements, presenting the cards as tradeable NFTs and hosting a player-focused community marketplace.

Along with cosmetic items such as card backs and trinkets, cards can be bought and sold in the marketplace, providing true ownership to the players. There are also card packs, which can be bought using the GODS token.

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The game features beautiful animations and a slick art style in general, but lag in gameplay and in menus often overshadow the graphics. Gods Unchained draws heavy “inspiration” card game genre classics, most notably Blizzard Entertainment’s Hearthstone.

The usual mana, strength and health mechanics are all there, with the addition of “Gods,” which are like “Heroes” from Hearthstone. Gods have their own abilities, which you can choose at the start of the match.

After booting the game up and trying to play the first mission out of three in the tutorials, a bug appeared which prevented me from completing the mission, so I decided to “concede” – the in-game button for surrendering – with the intention of restarting the mission.

The game returned to the menu and awarded me the completion rewards for the first mission. So, I thought, “Huh, maybe that was the last step of the mission and the game registered it as complete.”

Then came the second mission, which was completed with no issues. On the third mission, another bug appeared. I tried waiting, clicking on every possible option and, with nothing else to do, had to concede. In front of me was the menu with completion rewards.

After that, I played a few casual and ranked games, and all went smoothly without any problems.

Web3 Game Gods Unchained Gameplay
Gameplay from Gods Unchained. (Gods Unchained)

In conclusion, the game could use some work. It does not present the seamless experience of Hearthstone or introduce new mechanics like Marvel Snap. Considering it has been five years since its initial release, and there are unfixed bugs in the tutorial missions, it feels like the developers aren’t really concerned with user experience. Hopefully, they can fix these issues in their upcoming mobile release.

If you are a fan of the genre and a crypto enthusiast, it is worth taking a look at. Otherwise, you are better off playing Magic: The Gathering, Hearthstone, Marvel Snap or Legends of Runeterra.

More from Web3 gaming space:

– Axie Infinity creator Sky Mavis partnered with CyberKongz to enrich the Ronin platform. 

– Solana-based NFT game Aurory will integrate Ethereum scaling technology Arbitrum using its SyncSpace system.

– Web3 gaming guild Yield Guild Games announced an extended collaboration with Polygon Labs to provide enhanced support to partner games developed on the Polygon network, including popular titles like The Sandbox and Crypto Unicorns.

– Hasbro will collaborate with Xplored, the company behind the Teburu digital board game system, to experiment with integrating smart-sensing technology, AI, and dynamic multimedia.

– Rumble Racing Star developer Delabs Games raised $4.7 million in seed funding for development on Polygon.

– Solert Games will launch – “Game of Thrones” star Hafthor Bjornsson endorsed – Legends at War on the Avalanche blockchain.

– Mobile tower defense strategy game EF Defense is set to launch on the Ethereum scaling network, Immutable zkEVM.

Erhan Kahraman

Erhan Kahraman

Based in Istanbul, Erhan started his career as a gaming journalist. He now works as a freelance writer and content creator with a focus on cutting-edge technology and video games. He enjoys playing Elden Ring, Street Fighter 6 and Persona 5.

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Govt vows to protect ‘pavement pints’ and make it easier for pubs to extend their opening hours

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Govt vows to protect 'pavement pints' and make it easier for pubs to extend their opening hours

“A wave of new cafes, bars, music venues and outdoor dining” could come to the UK – as the government unveils plans to overhaul planning rules and “breathe new life into the high street”.

Under the proposals, ministers also want to reform licensing rules to make it easier for disused shops to be converted into hospitality venues.

In a statement, Chancellor Rachel Reeves said she planned to scrap “clunky, outdated rules… to protect pavement pints, al fresco dining and street parties”.

The reforms also aim to prevent existing pubs, clubs, and music venues from suffering noise complaints when new properties hit the market.

Developers who decide to build near those sites will be required to soundproof their buildings.

Customers drink in an outdoor seating area of a pub in London during pandemic in December 2021
Image:
Reuters file pic

As part of dedicated “hospitality zones”, permission for al fresco dining, street parties and extended opening hours will be fast-tracked.

The government says the reforms aim to modernise outdated planning and licensing rules as part of its Plan for Change, to help small businesses and improve local communities.

More on Hospitality

The rough plans will be subject to a “call for evidence” which could further shape policy.

Business Secretary Jonathan Reynolds said the proposals will “put the buzz back into our town centres”.

“Red tape has stood in the way of people’s business ideas for too long. Today we’re slashing those barriers to giving small business owners the freedom to flourish,” he said.

The hospitality industry has broadly welcomed the changes but argued tax reform was also essential.

Kate Nicholls, chairwoman of UKHospitality, described the proposals as “positive and encouraging”.

However, she added: “They can’t on their own offset the immediate and mounting cost pressures facing hospitality businesses which threaten to tax out of existence the businesses and jobs that today’s announcement seeks to support.”

Read more from Sky News:
Licensing reforms for London venues
Pubs forced to adapt to survive

While supporting the reforms, Emma McClarkin, chief executive of the British Beer and Pub Association (BBPA), had a similar message.

“These changes must go hand in hand with meaningful business rates reform, mitigating staggering employment costs, and a cut in beer duty so that pubs can thrive at the heart of the community,” she said.

In July, BBPA estimated that 378 pubs will shut this year across England, Wales and Scotland, compared with 350 closures in 2024, which it said would amount to more than 5,600 direct job losses.

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Pubs closing at a rate of one a day

Bar chain Brewdog announced this week that it would close 10 sites, partly blaming “rising costs, increased regulation, and economic pressures”.

Andrew Griffith MP, shadow business secretary, said: “Though any cutting of red tape for hospitality businesses is welcome, this is pure hypocrisy and inconsistency from Labour.”

He said the government was “crippling the hospitality industry by doubling business rates, imposing a jobs tax and a full-on strangulation of employment red tape”.

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Heathrow-funded group sending ‘incredibly misleading’ mail to homes across west London, campaigners allege

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Heathrow-funded group sending 'incredibly misleading' mail to homes across west London, campaigners allege

A campaign group for a third runway at Heathrow that gets funding from the airport has been distributing “incredibly misleading” information to households in west London, according to opponents of the expansion.

The group, called Back Heathrow, sent leaflets to people living near the airport, claiming expansion could be the route to a “greener” airport and suggesting it would mean only the “cleanest and quietest aircraft” fly there.

It comes as the airport prepares to submit its planning application for a third runway ahead of the 31 July deadline, following the government’s statement of support for the expansion.

File photo dated 4/1/2016 of an Emirates Airbus A380 plane lands over houses near Heathrow Airport, west London. Exposure to aircraft noise could increase the likelihood of suffering heart attacks, according to a study. Researchers at University College London (UCL) found people who live near airports - and are subjected to noise from planes taking off and landing - may be at greater risk of poor heart health. Issue date: Wednesday January 8, 2025.
Image:
A plane lands over houses near Heathrow Airport. Pic: PA

Back Heathrow calls itself a “local campaign group of over 100,000 residents” and does not mention the funding it receives from the airport in the newsletter.

Its website also does not mention the current financial support and says it “initially launched with funding from Heathrow Airport but we have since grown”.

Back Heathrow also told Sky News it had “always been open” about the support it receives from the airport.

At the bottom of every web page, the organisation says: “Back Heathrow is a group of residents, businesses and community groups who have come together to defend the jobs that rely on Heathrow and to campaign for its secure future.”

Heathrow Airport said it had always been clear about funding Back Heathrow, but would not disclose how much it provides.

Parmjit Dhanda in 2009 at the hustings to be Speaker of the House of Commons. Pic: Reuters
Image:
Parmjit Dhanda in 2009 at the hustings to be Speaker of the House of Commons. Pic: Reuters

Who’s behind Back Heathrow?

The group’s executive director is former Labour minister Parmjit Dhanda, who was MP for Gloucester from 2001 to 2010 and sits on the National Policy Forum – the body responsible for developing Labour policy.

Latest accounts for Back Heathrow show it had five employees, including its two directors, in the financial year ending 30 June 2024. The second director is John Braggins, a former campaign adviser to Tony Blair.

The business had £243,961 in cash, the accounts show.

What are the group saying?

In the newsletter, executive director Mr Dhanda said people ask if Heathrow is sustainable. In answering the question, he appeared to suggest the airport can dictate what types of planes use Heathrow.

“We can build a cleaner, greener and smarter airport – using more sustainable aviation fuel, ensuring only the cleanest and quietest aircraft fly here, reduce stacking in our skies and modernise our airspace to cut emissions in flight,” he wrote.

When asked by Sky News what Back Heathrow meant and what the source for the claim was, the organisation pointed to the airport’s traffic light system of noise and emission measurements for the 50 largest airlines serving Heathrow.

“The scheme helps to see what areas certain airlines are excelling in and where improvements can be made,” a spokesperson said.

But those “cleaner and greener” claims were dismissed as “myths” by one campaigner.

Back Heathrow's spring 2025 newsletter
(use this one)
Image:
Back Heathrow’s spring 2025 newsletter

Finlay Asher is an aerospace engineer and co-founder of Safe Landing, a group of aviation workers and enthusiasts seeking climate improvements in the industry.

He said the emissions savings from sustainable aviation fuel (SAF) were “highly debatable” – but added that even if they were taken at face value, use of these fuels is “relatively low” and so only provides small emissions reductions.

“Air traffic growth at Heathrow will wipe this out,” he said.

Mr Asher also disputed the claim that only the cleanest and quietest aircraft will fly at Heathrow. “There is no policy in place which prevents older generation aircraft from being operated out of any airport,” he said.

As for reducing “stacking” – where aircraft wait over an airport to land – Mr Asher said if that’s the goal, “adding more aircraft to the sky won’t make this easier”.

Opposition to Back Heathrow’s claims also came from Rob Barnstone, founder of the No Third Runway Coalition, which is funded by five local authorities surrounding Heathrow Airport.

He said that regardless of fuel efficiencies or new quieter engines, having the additional 260,000 flights Heathrow has said will be created with an extra runway – in addition to the airport’s current cap of 480,000 – would create “an awful lot of noise”.

“For all the best will in the world, Heathrow is a very, very, very noisy neighbour… When you’re adding a quarter of a million additional flights, that’s going to create an awful lot of emissions, even if they’re using planes that are ever so slightly less environmentally damaging than previous planes,” Mr Barnstone said.

Green claims

Under the heading of “UK sustainable fuel industry for Heathrow”, Back Heathrow said “advances in electric and hydrogen powered aircraft can ensure we meet our environmental targets”.

Elaborating on this, Back Heathrow told Sky News: “Zero-emission electric and hydrogen aircraft are very much the end goal for civil aviation and countries like Norway have set 2040 as the year that all of their short-haul flights will be by electric planes.”

The statement was called “incredibly misleading” by Dr Alex Chapman, senior economist at the left-leaning think tank New Economics Foundation (NEF).

“There’s just absolutely no confidence that those aircraft are going to have any meaningful impact on emissions and commercial aviation in any reasonable time frame. And, yeah, we can all speculate as to what may not happen in 50 years’ time. But I think the people living around the airport should be given the information about what’s actually realistic.”

Even if the technology were available, the runway may not be ready for it, Dr Chapman said.

“Perhaps more importantly, there’s been no indication so far that the proposed new runway is being built to cater for those types of aircraft, because a runway that caters to electrical, hydrogen powered aircraft would be very different to one that was for conventional fuel, particularly in terms of the fuelling infrastructure around it that would be required: pipes to pipe hydrogen, massive charging power facilities.”

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Heathrow CEO on expansion plans

While work is under way to develop electric aircraft, there are currently no commercial electric flights taking place. The best-case scenario is battery-powered flights that may be suitable for short journeys.

But as a major international airport, more than 40% of Heathrow’s flights are long-haul and medium-haul.

And while airlines such as easyJet have called for government funding to develop hydrogen flying suitable for short-haul flights, there are obstacles to making regular commercial flights a reality.

Providing enough hydrogen for the plane journeys from renewable sources will be challenging, as will transporting the fuel, and reworking airport infrastructure for hydrogen refuelling.

Plans for hydrogen aircraft are at least a decade away, with Airbus saying it wants to get a 100-seat hydrogen plane in the air by 2035 – although Back Heathrow’s estimates for a third runway have flights taking off in 2034.

For now, rising emissions from flying are risking the UK’s climate targets, according to the independent government advisers of the Climate Change Committee, who found flights contribute more greenhouse gas than the entire electricity supply sector.

Back Heathrow's spring 2025 newsletter
(use this one)
Image:
Back Heathrow’s spring 2025 newsletter

Expanding at ‘full capacity’

On the first page of the newsletter, Back Heathrow says “Heathrow is at full capacity”, but the company told Sky News the airport has been “operating at 98% capacity since 2005”.

Despite its 98% capacity, Heathrow Airport has broken passenger number records every year for the past 14 years – excluding the pandemic years of 2020 to 2023.

Dr Chapman said Heathrow is at capacity regarding the government-imposed flight cap, not at the capacity of the current runway infrastructure.

“So if the government were, for example, to lift that cap on the number of aircraft movements, it’s pretty likely that they could actually fly 10% to 20% more flights out of the existing infrastructure,” he said.

As aeroplanes have expanded to carry more passengers, the airport has welcomed more people, he added.

The airport earlier this month announced plans to increase its capacity by 10 million passengers a year, before a third runway is built, and to raise the charge paid by passengers to fund the investment.

Read more:
New internet rules come into force – here’s what is changing
Good economic news as sunny weather boosted retail sales

How have the group and the airport responded?

A Heathrow spokesperson said: “Back Heathrow represents tens of thousands of local people who want to make their views known on the importance of Heathrow to their communities and livelihoods today and into the future.

“We have always been clear that, alongside individual residents, local business groups and trade unions, we provide funding for Back Heathrow to provide a voice for local people who historically have not been heard in the debate about expanding Heathrow.”

Speaking for the campaign group, Mr Dhanda said: “At Back Heathrow we are proud of our link to Heathrow Airport (the clue is in the name).

“We have always been open about the fact that we receive support from the airport and that they helped set the organisation up to balance the debate about expansion at a time when the voices of ordinary working people from the diverse communities around Heathrow were not being heard.”

“Back Heathrow also receives support from trade unions, local businesses and residents from amongst the 100,000 registered supporters it now has,” he added.

“We want an end to the dither and delay. Back Heathrow supporters want to see economic growth and the thousands of new jobs and apprenticeships a new runway will create.”

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Demographics will ‘leapfrog’ Bitcoin adoption in Pakistan — Bilal Bin Saqib

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<div>Demographics will 'leapfrog' Bitcoin adoption in Pakistan — Bilal Bin Saqib</div>

<div>Demographics will 'leapfrog' Bitcoin adoption in Pakistan — Bilal Bin Saqib</div>

A young and tech-savvy population, combating inflationary pressures, is driving Bitcoin adoption and a new financial system in Pakistan.

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