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’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.
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.
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.
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.
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.
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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.
Gaza and transatlantic trade are set to dominate talks between Donald Trump and Sir Keir Starmer when the pair meet in Scotland on Monday.
Downing Street said the prime minister would discuss “what more can be done to secure the ceasefire [in the Middle East] urgently”, during the meeting at the president’s Turnberry golf course in Ayrshire.
Talks in Qatar over a ceasefire ended on Thursday after the US and Israel withdrew their negotiating teams.
Mr Trump blamed Hamas for the collapse of negotiations as he left the US for Scotland, saying the militant group “didn’t want to make a deal… they want to die”.
Sir Keir has tried to forge close personal ties with the president, frequently praising his actions on the world stage despite clear foreign policy differences between the US and UK.
The two leaders are expected to discuss this agreement when they meet, with the prime minister likely to press the president for a lowering of outstanding tariffs on imports such as steel.
Prior to the visit, the White House said the talks would allow them to “refine the historic US-UK trade deal”.
Extracting promises from the president on the Middle East may be harder though.
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Should aid be dropped into Gaza?
Despite some reports that Mr Trump is growing frustrated with Israel, there is a clear difference in tone between the US and its Western allies.
As he did over the Ukraine war, Sir Keir will have to walk a diplomatic line between the UK’s European allies and the White House.
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Trump: ‘It doesn’t matter what Macron says’
The UK, French and German leaders spoke over the weekend and agreed to work together on the “next phase” in Gaza that would see transitional governance and security arrangements put in place, alongside the large-scale delivery of aid.
Under pressure from members of his own party and cabinet to follow France and signal formal recognition of Palestine, Sir Keir has gradually become more critical of Israel in recent months.
On Friday, the prime minister said “the starvation and denial of humanitarian aid to the Palestinian people, the increasing violence from extremist settler groups, and Israel’s disproportionate military escalation in Gaza are all indefensible”.
Government sources say UK recognition is a matter of “when, not if”, however, it’s thought Downing Street wants to ensure any announcement is made at a time when it can have the greatest diplomatic impact.
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Baby Zainab starved to death in Gaza
Cabinet ministers will be convened in the coming days, during the summer recess, to discuss the situation in Gaza.
The UK has also been working with Jordan to air drop supplies, after Israel said it would allow foreign countries to provide aid to the territory.
Downing Street says Ukraine will also likely be discussed in the meeting with both men reflecting on what can be done to force Russia back to the negotiating table.
After the meeting at Turnberry, the prime minister will travel with the president to Aberdeen for a private engagement.
Mr Trump is also expected to meet Scottish First Minister John Swinney while in the country.
The US housing regulator’s decision to recognize crypto assets in mortgage applications marks a historic shift from exclusion to integration, opening new pathways to homeownership.
“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.
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.
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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.”
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”.