Join the PlayToEarn revolution with NFT Gaming and AI

Join the PlayToEarn revolution with NFT Gaming and AI

Table of Contents

1. Gaming alone onboarding first million users to Web 3
2. Gucci and Yuga Labs exploring fashion in the metaverse
3. NFT gaming company partners with ChatGPT and Mid-Journey for AI gaming
4. Disney shuts down metaverse division and lays off 7,000 employees
5. Shutdown Studios teases major update for Infinite Wars with new faction

Gaming alone onboarding first million users to Web 3

Gaming alone, a prominent player in the blockchain gaming space, is set to onboard the first million users to Web 3. Co-founder and executive chairman of Animal Care Brands, Yatsu, believes that gaming alone will comfortably onboard the first million users to Web 3 within the next five years. In a recent Q&A, Yatsu shared insights on the company's focus on digital property rights and the open metaverse, as well as his investment criteria and process for Web 3 startups. Animal Care Brands is currently raising $1 billion for a new metaverse fund that aims to support the growth of the open metaverse and facilitate the delivery of true digital property rights Based on open and interoperable assets. Gaming has become one of the most sought-after products in the metaverse, with brands like Kids Foot Locker, Doritos, and H&M offering gamified experiences to their customers. Animal Care Brands has been actively investing in gaming and related companies, prioritizing those that drive mass adoption on Web 3 and contribute to the development of open networks. Despite the current market downturn, Yatsu remains optimistic about the continued creation happening in Web 3 and envisions decentralized autonomous organizations (DAOs) as the future of most organizations.

Gucci and Yuga Labs exploring fashion in the metaverse

Luxury fashion brand Gucci is expanding its footprint in the metaverse through a partnership with Yuga Labs, the creator of the popular NFT project, Board Ape Yacht Club. The collaboration aims to explore the intersection of fashion and entertainment in the metaverse, giving Gucci an active role in the digital realm. The Italian fashion house has been teasing the partnership on social media, hinting at blurring the boundaries between the physical and digital. While the details of the partnership are still scarce, the duo plans to unveil the first chapter of their collaboration soon. This collaboration follows Gucci's previous ventures into the Web 3 space, including the acquisition of virtual land in The Sandbox and the creation of a digital art vault. Yuga Labs, on the other HAND, is known for its successful NFT collections, such as CryptoPunks and Mebits. The partnership between Gucci and Yuga Labs signifies the growing importance of fashion brands in the metaverse and their desire to explore new avenues of creativity and engagement.

NFT gaming company partners with ChatGPT and Mid-Journey for AI gaming

NFT Gaming Company, a blockchain gaming startup, has partnered with ChatGPT and Mid-Journey to enhance its AI gaming portfolio. With the aim of offering a more immersive gaming experience, NFT Gaming Company will leverage the technological expertise of ChatGPT, an AI language model, and Mid-Journey, an AI program that generates images from natural language descriptions. The partnership will enable NFT Gaming Company to incorporate more sophisticated storytelling, dialogue, and immersive gameplay into their games. ChatGPT's language models, pre-trained on massive data sets, will allow for more realistic interaction and engaging gameplay for users. Meanwhile, Mid-Journey's image generation capabilities will enable the creation of games where in-game art is generated based on players' choices, making each gameplay experience unique. The collaboration between NFT Gaming Company, ChatGPT, and Mid-Journey is set to revolutionize the AI gaming landscape and provide gamers with cutting-edge technologies and immersive gameplay.

Disney shuts down metaverse division and lays off 7,000 employees

The Walt Disney Company has made the decision to shut down its metaverse division, leading to layoffs of approximately 7,000 employees. The metaverse division, led by former Disney consumer products executive Mike White, was tasked with exploring interactive storytelling and new digital formats using Disney's intellectual property. However, the storytelling unit will be the first casualty of the restructuring plan, as CEO Bob Iger confirms that layoffs will begin in the coming weeks. While all 50 members of the team have lost their jobs, White will remain at the company and be reassigned to another division. The shutdown of the metaverse division comes as Disney faces pressure from investors to divest from non-Core businesses and focus on its core offerings. Last year, the company announced a cost-cutting plan that aimed to eliminate $0.5 billion in costs and 7,000 jobs. The closure of the metaverse division is seen as part of this larger restructuring plan. It remains uncertain whether Disney will make a future foray into the metaverse space or explore merging with web 3 technologies down the road.

Shutdown Studios teases major update for Infinite Wars with new faction

Shutdown Studios, the game development studio behind Infinite Wars, has teased a major update for the game. In a recent tweet, the studio provided a preview of a new faction, sparking excitement and speculation among the gaming community. While details about the update are scarce, players can expect the introduction of a new faction to bring exciting new gameplay elements and challenges to Infinite Wars. The update will prompt players to decide whether to ally with or oppose the newly introduced faction, adding a fresh layer of strategy and decision-making to the game. The arrival of the new faction may also trigger new storylines, missions, and events, further enriching the game's narrative. Shutdown Studios has promised to release more information about the update in the coming days or weeks through their official social media channels. Players can expect teasers, trailers, and developer insights that shed more light on the upcoming update and the mysterious new faction.

FAQ

Q: What is Web 3?
A: Web 3 refers to the next generation of the internet, built on decentralized, blockchain-based platforms. It aims to create a more open and user-centric internet, where users have greater control over their data and digital assets.

Q: What is the metaverse?
A: The metaverse is a virtual reality space where users can interact with a computer-generated environment and other users in real time. It is often described as a collective virtual shared space that transcends physical boundaries.

Q: What are NFTs?
A: NFTs, or non-fungible tokens, are unique digital assets that are stored on a blockchain. They can represent ownership of items such as artwork, collectibles, or in-game assets.

Q: How can AI enhance gaming?
A: AI can enhance gaming by providing more realistic and immersive experiences. It can power virtual characters, improve in-game decision-making, generate dynamic and personalized content, and enhance player interactions.

Q: Why did Disney shut down its metaverse division?
A: Disney shut down its metaverse division as part of a larger restructuring plan to cut costs and focus on its core offerings. The metaverse division was unable to make significant progress in exploring interactive storytelling using Disney's IP.

Q: What can players expect from the upcoming update in Infinite Wars?
A: The upcoming update in Infinite Wars will introduce a new faction, bringing new gameplay elements, challenges, and strategic choices for players. It may also introduce new storylines, missions, and events, enriching the game's narrative and providing more content for players to explore.

Q: Will Gucci's partnership with Yuga Labs impact the fashion industry?
A: Gucci's partnership with Yuga Labs signifies the growing importance of fashion brands in the metaverse. It explores the intersection of fashion and entertainment in the digital realm. While the impact on the fashion industry as a whole remains to be seen, it demonstrates an increasing interest in exploring new avenues of creativity and engagement.