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As the year winds down, every gaming company and its dog are dropping year-in-review reports.

A recent report from blockchain gaming accelerator Game7 suggests that many game developers had an enforced nap instead of pumping out new games.

This year, just 223 Web3 games were launched which is a 65% drop from the 640 games launched in 2022, and even more distant from the 811 games launched in 2021.

Game7
Web3 game releases per year (Game7)

So what’s the deal with the sudden nosedive in output?

Well, the optimistic answer is Rome wasn’t built in a day.

It seems to be what Immutable co-founder and president Robbie Ferguson believes…that many great Web3 gaming hits are on the way… but patience is required.

Speaking to Magazine, Ferguson says there has been a significant surge of money into Web3 games lately, and developers are focusing on crafting standout hits:

“The last year has been really interesting, Web3 gaming has had such an influx of investment, it’s just the time-lag of the production of games until we start seeing hits…roughly $15 billion US has been invested in Web3 gaming over the past 3 years.”

Similarly, Stefanidis also mentions the amount of cash flowing in the Web3 gaming scene, even though new money from retail is yet to flow back into the overall crypto markets.

“The appetite has significantly increased. Projects are minting out and raising money again. I think the belief in Web3 has continued to grow, even in the bear market,” Stefanidis says.

But in 2024, the real hits won’t just be tossing money around to keep players hooked, at least according to Gabby Dizon, co-founder of Yield Guild Games.

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In a recent interview with Cointelegraph, Dizon declared that the most successful Web3 games in 2024 will pivot from play-to-earn (P2E) to instead focus on being entirely free-to-play to attract players.

Keep an eye on Shrapnel, the AAA first-person extraction shooter blockchain game to see whether it will emerge as a hit or a flop.

The game has been getting a ton of hype in the industry. 

It’s set on Earth in the year 2038, where the objective is to gather valuable in-game assets and safely extract them, while facing off against enemies and rival players.

The coming months will also see the debut of the long awaited Illuvium games along with other big titles.

However, John Stefanidis, CEO of Balthazar Gaming DAO, told Magazine that the games that will score big might just be the ones doing the classic, promise less, but deliver way more:

“I think the challenges that games are having right now are trying to deliver on the huge number of promises that they’ve made, and they’re struggling to acquire users off the back of that when there are other games coming out that are promising much less.”

Ferguson predicts that the “first hit” blockchain game will catalyze an entire new narrative as developers will be able to see “the playbook used to make successful games.”

“By the end of this year, there should no longer be any roadblocks for a game that’s successful enough from being able to succeed.”

Blowfish Studios announce early access to Phantom Galaxies

The team behind new sci-fi action RPG game Phantom Galaxies described the gaming space as “challenging and unpredictable” when it announced early access to the game.

Are the developers fessing up to a little bit of market jitters as they roll out the new game?

It’s probably unnecessary as the title has garnered considerable attention online, already clocking up over 100,000 followers on the X platform, aka Twitter.

Published by Blowfish Studios, a subsidiary of Web3 giant Animoca Brands, Phantom Galaxies is available for free on both Steam and the Epic Games Store. 

Set in the aftermath of an interstellar war the game unfolds as the Commonwealth and the Union come together to establish the Ranger Squadron – an outfit of skilled mecha pilots who guard human colonies on the outer edges of space.

Players join the squadron as an “ensign” — a junior ranked officer — controlling a transforming Starlighter fighting against pirate factions and aliens. 

According to an official blog post, an official governance token called Astrafer can be used to splash on credits, Ores, and U-Cubes for upgrading the Starfighter.

There are three ranger tracks available in the game. The first two, Standard and Advanced, hook every player up with rewards after hitting certain levels. But here’s the bummer – Astrafer isn’t part of the rewards for these two tracks unfortunately.

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The priciest option for players is the Elite Track. Right now, this track is the only way to earn Astrafer in the game, but don’t worry, they swear it won’t be like this forever.

“The Elite Track is the only way to receive ASTRAFER in-game currently, but this will change in future.”

However, if users aren’t into making moolah, they can hop on the Standard Track for free.

Disney’s Web3 platform ‘irrelevant’

Disney has decided to dip its toes in non-fungible tokens (NFT), after tossing its metaverse plans out the window earlier this year along with 50 jobs.

In a partnership with blockchain and metaverse firm Dapper Labs, it has created an NFT platform that will offer iconic cartoon characters from the past century on the marketplace, dubbed Disney Pinnacle.

The platform will also include icons from Pixar as well as heroes and villains from the Star Wars galaxy, styled as collectible and tradable digital pins.

But…is this buzz around mega-billion dollar companies jumping into the Web3 scene still a thing?

Ilja Moisejevs, co-founder of Solana NFT marketplace Tensor, believes it really isn’t worth the fuss:

“Not sure if it’s an unpopular opinion – but Disney, Nike, Sbux, the next Web2 brand getting into Web3… …is irrelevant. It’s like worrying if Walmart will start using the web in 1999. Sure they will, eventually, who cares – 99% of web’s value capture was done by web-native startups.”

Hot Take: NFL Rivals

NFL Rivals is a mobile blockchain game, published by Mythical Games in collaboration with the National Football League (NFL).

The gaming crew only recently bid farewell to Ethereum blockchain and jumped ship to Polkadot. They pointed the finger at Ethereum’s sluggish transaction speeds and wallet-draining costs. 

Before you roll your eyes at an NFL title, nope, you don’t need to be a sports guru for this one. 

Honestly, it’s not really a game that’ll make die-hard sports fans excited. It’s straightforward, and that’s the beauty of it.

I got sucked into the gameplay, and I swear I’ve never seen an NFL match.

NFL Rivals
NFL Rivals is a free mobile game.

If you’re on the hunt for a fresh game to kill time during a delayed flight or keep you entertained when your date’s fashionably late, this is the one. 

Better yet, it doesn’t cost you a dime to play on your iPhone or Android. 

The tutorial was surprisingly efficient, not like those never-ending ones. It covered throws, kicks and got right into the gameplay without any fuss. 

Once you’re in the game, you wear the team manager hat. You assemble your players every game, level up, recruit better players (and ditch the underperformers).

Rivals 2
You can buy and sell players in NFL Rivals.

Once you hit level four in the game, you unlock the option to buy, sell, and trade individual NFL players as NTFs on Mythical online marketplace.

$26M
Jaquan is available for the low, low price of $26M

I took a quick peek at the marketplace, and the big shot collectible is Jaquan Brisker, selling for a massive 100 million MYTH.

That’s around $26 million USD, in case you were wondering.

If you’re not ready to splash that type of cash, no worries – you can grab yourself a bargain with Justin Houston for just 1.5 MYTH, about $0.39 USD.

What I do like about NFL Rivals is that it seamlessly fits into the iPhone screen. Unlike some soccer and tennis games I’ve tried where your thumbs end up covering half the action. Not cool. 

Controls? Pretty smooth. Even if you’ve got chubby fingers, this game won’t have you pulling your hair out.

More from the Web3 gaming space

—  Popular game studio Avalon has teased its new User-Generated Content (UGC) MMORPG in a 90-second trailer. 

—  Immutable teams up with Japanese game developer Black Tower Studios, to release Web3 game Arkbound.

— Gaming giant Ubisoft has announced plans to launch an Ethereum non-fungible token (NFT) for its upcoming game Champion Tactics.

— PancakeSwap expands its gaming offerings with the launch of PancakeSwap Gaming Marketplace.

Andrew Fenton

Andrew Fenton

Based in Melbourne, Andrew Fenton is a journalist and editor covering cryptocurrency and blockchain. He has worked as a national entertainment writer for News Corp Australia, on SA Weekend as a film journalist, and at The Melbourne Weekly.

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I’ve followed the PM wherever he goes in his first year in office – here’s what I’ve observed

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I've followed the PM wherever he goes in his first year in office - here's what I've observed

July 5 2024, 1pm: I remember the moment so clearly.

Keir Starmer stepped out of his sleek black car, grasped the hand of his wife Vic, dressed in Labour red, and walked towards a jubilant crowd of Labour staffers, activists and MPs waving union jacks and cheering a Labour prime minister into Downing Street for the first time in 14 years.

Starmer and his wife took an age to get to the big black door, as they embraced those who had helped them win this election – their children hidden in the crowd to watch their dad walk into Number 10.

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Keir Starmer, not the easiest public speaker, came to the podium and told the millions watching this moment the “country has voted decisively for change, for national renewal”.

He spoke about the “weariness at the heart of the nation” and “the lack of trust” in our politicians as a “wound” that “can only be healed by actions not words”. He added: “This will take a while but the work of change begins immediately.”

A loveless landslide

That was a day in which this prime minister made history. His was a victory on a scale that comes around but one every few decades.

He won the largest majority in a quarter of a century and with it a massive opportunity to become one of the most consequential prime ministers of modern Britain – alongside the likes of Margaret Thatcher or Tony Blair.

But within the win was a real challenge too.

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

Starmer’s was a loveless landslide, won on a lower share of the vote than Blair in all of his three victories and 6 percentage points lower than the 40% Jeremy Corbyn secured in the 2017 general election.

It was the lowest vote share than any party forming a post-war majority government. Support for Labour was as shallow as it was wide.

In many ways then, it was a landslide built on shaky foundations: low public support, deep mistrust of politicians, unhappiness with the state of public services, squeezed living standards and public finances in a fragile state after the huge cost of the pandemic and persistent anaemic growth.

Put another way, the fundamentals of this Labour government, whatever Keir Starmer did, or didn’t do, were terrible. Blair came in on a new dawn. This Labour government, in many ways, inherited the scorched earth.

The one flash of anger I’ve seen

For the past year, I have followed Keir Starmer around wherever he goes. We have been to New York, Washington (twice), Germany (twice), Brazil, Samoa, Canada, Ukraine, the Netherlands and Brussels. I can’t even reel off the places we’ve been to around the UK – but suffice to say we’ve gone to all the nations and regions.

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Starmer pushed on scale of “landslide” election win

What I have witnessed in the past year is a prime minister who works relentlessly hard. When we flew for 27 hours non-stop to Samoa last autumn to the Commonwealth Heads of Government Meeting (CHOGM) summit, every time I looked up at the plane, I saw a solitary PM, his headlight shining on his hair, working away as the rest of us slept or watched films.

He also seems almost entirely unflappable. He rarely expresses emotion. The only time I have seen a flash of anger was when I questioned him about accepting freebies in a conversation that ended up involving his family, and when Elon Musk attacked Jess Phillips.

I have also witnessed him being buffeted by events in a way that he would not have foreseen. The arrival of Donald Trump into the White House has sucked the prime minister into a whirlwind of foreign crises that has distracted him from domestic events.

When he said over the weekend, as a way of explanation not an excuse, that he had been caught up in other matters and taken his eye off the ball when it came to the difficulties of welfare reform, much of Westminster scoffed, but I didn’t.

I had followed him around in the weeks leading up to that vote. We went from the G7 in Canada, to the Iran-Israel 12-day war, to the NATO summit in the Hague, as the prime minister dealt with, in turn, the grooming gangs inquiry decision, the US-UK trade deal, Donald Trump, de-escalation in the Middle East and a tricky G7 summit, the assisted dying vote, the Iran-Israel missile crisis.

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In September 2024, the PM defended taking £20k GCSE donation

He was taking so many phone calls on Sunday morning from Chequers, that he couldn’t get back to London for COBRA [national emergency meeting] because he couldn’t afford to not have a secure phone line for the hour-long drive back to Downing Street.

He travelled to NATO, launched the National Security Review and agreed to the defence alliance’s commitment to spend 5% of GDP on defence by 2035. So when he came back from the Hague into a full-blown welfare rebellion, I did have some sympathy for him – he simply hadn’t had the bandwidth to deal with the rebellion as it began to really gather steam.

Dealing with rebellion

Where I have less sympathy with the prime minister and his wider team is how they let it get to that point in the first place.

Keir Starmer wasn’t able to manage the latter stages of the rebellion, but the decisions made months earlier set it up in all its glory, while Downing Street’s refusal to heed the concerns of MPs gave it momentum to spiral into a full-blown crisis.

The whips gave warning after 120 MPs signed a letter complaining about the measures, the Work and Pensions Secretary Liz Kendall had done the same, but Starmer and Reeves were, in the words of one minister, “absolutist”.

“They assumed people complaining about stuff do it because they are weak, rather than because they are strong,” said the minister, who added that following the climbdown, figures in Number 10 “just seemed completely without knowledge of the gravity of it”.

That he marks his first anniversary with the humiliation of having to abandon his flagship welfare reforms or face defeat in the Commons – something that should be unfathomable in the first year of power with a majority that size – is disappointing.

To have got it that wrong, that quickly with your parliamentary party, is a clear blow to his authority and is potentially more chronic. I am not sure yet how he recovers.

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Welfare vote ‘a blow to the prime minister’

Keir Starmer said he wanted to rule country first, party second, but finds himself pinned by a party refusing to accept his centrist approach. Now, ministers tell MPs that there will be a financial consequence of the government’s decision to delay tightening the rules on claiming disability benefits beyond the end of 2026.

A shattered Rachel Reeves now has to find the £5bn she’d hoped to save another way. She will defend her fiscal rules, which leaves her the invidious choice of tax rises or spending cuts. Sit back and watch for the growing chorus of MPs that will argue Starmer needs to raise more taxes and pivot to the left.

That borrowing costs of UK debt spiked on Wednesday amid speculation that the chancellor might resign or be sacked, is a stark reminder that Rachel Reeves, who might be unpopular with MPs, is the markets’ last line of defence against spending-hungry Labour MPs. The party might not like her fiscal rules, but the markets do.

What’s on the horizon for year two?

The past week has set the tone now for the prime minister’s second year in office. Those around him admit that the parliamentary party is going to be harder to govern. For all talk of hard choices, they have forced the PM to back down from what were cast as essential welfare cuts and will probably calculate that they can move him again if they apply enough pressure.

There is also the financial fall-out, with recent days setting the scene for what is now shaping up to be another definitive budget for a chancellor who now has to fill a multi-billion black hole in the public finances.

But I would argue that the prime minister has misjudged the tone as he marks that first year. Faced with a clear crisis and blow to his leadership, instead of tackling that head on the prime minister sought to ignore it and try to plough on, embarking on his long-planned launch of the 10-year NHS plan to mark his year in office, as if the chancellor’s tears and massive Labour rebellions over the past 48 hours were mere trifles.

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Why was the chancellor crying at PMQs?

It was inevitable that this NHS launch would be overshadowed by the self-inflicted shambles over welfare and the chancellor’s distress, given this was the first public appearance of both of them since it had all blown up.

But when I asked the prime minister to explain how it had gone so wrong on welfare and how he intended to rebuild your trust and authority in your party, he completely ignored my question. Instead, he launched into a long list of Labour’s achievements in his first year: 4 million extra NHS appointments; free school meals to half a million more children; more free childcare; the biggest upgrade in employment rights for a generation; and the US, EU and India free trade deals.

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Starmer defends reaction to Reeves crying in PMQs

I can understand the point he was making and his frustration that his achievements are being lost in the maelstrom of the political drama. But equally, this is politics, and he is the prime minister. This is his story to tell, and blowing up your welfare reform on the anniversary week of your government is not the way to do it.

Is Starmer failing to articulate his mission?

For Starmer himself, he will do what I have seen him do before when he’s been on the ropes, dig in, learn from the errors and try to come back stronger. I have heard him in recent days talk about how he has always been underestimated and then proved he can do it – he is approaching this first term with the same grit.

If you ask his team, they will tell you that the prime minister and this government is still suffering from the unending pessimism that has pervaded our national consciousness; the sense politics doesn’t work for working people and the government is not on their side.

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Starmer knows what he needs to do: restore the social contract, so if you work hard you should get on in life. The spending review and its massive capital investment, the industrial strategy and strategic defence review – three pieces of work dedicated to investment and job creation – are all geared to trying to rebuild the country and give people a brighter future.

But equally, government has been, admit insiders, harder than they thought as they grapple with multiple crises facing the country – be that public services, prisons, welfare.

It has also lacked direction. Sir Keir would do well to focus on following his Northern Star. I think he has one – to give working people a better life and ordinary people the chance to fulfil their potential.

But somehow, the prime minister is failing to articulate his mission, and he knows that. When I asked him at the G7 summit in Canada what his biggest mistake of the first year was, he told me: “We haven’t always told our story as well as we should.”

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Beth Rigby asks the PM to reflect on a year in office

I go back to the Keir Starmer of July 5 2024. He came in on a landslide, he promised to change the country, he spoke of the lack of trust and the need to prove to the public that the government could make their lives better through actions not words.

In this second year, he is betting that the legislation he has passed and strategies he has launched will drive that process of change, and in doing so, build back belief.

But it is equally true that his task has become harder these past few weeks. He has spilled so much blood over welfare for so little gain, his first task is to reset the operation to better manage the party and rebuild support.

But bigger than that, he needs to find a way to not just tell his government’s story but sell his government’s story. He has four years left.

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Did Keir Starmer screw up his own anniversary?

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Did Keir Starmer screw up his own anniversary?

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

Sir Keir Starmer wanted to be talking about what he sees as Labour’s achievements after 12 months in government and his 10-year plan for the NHS.

But, after another dramatic policy U-turn and the sight of his own chancellor crying at PMQs, when he kept his support for her slightly vague, Beth Rigby, Harriet Harman and Ruth Davidson discuss if his start in office has been shattered by this week.

They also wonder if the solution to make relations with his own MPs a bit easier would be to make better use of Angela Rayner.

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US Republicans declare ‘Crypto Week’ to mull 3 crypto bills

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US Republicans declare ‘Crypto Week’ to mull 3 crypto bills

US Republicans declare ‘Crypto Week’ to mull 3 crypto bills

US Republican leaders say the House will look to pass bills on stablecoins, crypto market structure and CBDCs in mid-July in what they’ve dubbed “Crypto Week.”

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