PlaiLabs is building web3 social platforms (a year ago everyone would have called it metaverse) with the use of AI. Not much info is publicly available, so we’ll just have to wait what that means.
— Voodoo (french hypercasual game studio and publisher) reveals its own blockchain ecosystem ‘Voodoo Infinity‘, launching in Q3 2023. 10 games are in development right now, with 3 planned for the launch. Voodoo Infinity will be launching as an app on the App Store and Google Play Store.
— Createra raises $10m Series A led by a16z. Createra is a cloud-based engine, allowing players to easily build multiplayer games with web3 elements. Createra aims to become the metaverse for UGC creators.
As a result of the announcement, Createra’s Genesis Land collection (FREE mint on January 14) jumped from a 0.25 ETH floor to 1.75 ETH at the peak. At the time of writing, floor price is 0.8 ETH.
Createra so far has been focused on Asia, accumulating ~15 million, 500k builders and 1.3 million average monthly users.
Taking on this central banking function may also introduce a new revenue stream for games (buying low, selling high).
— Overview of Nor’s Economy
I already provided my views in the WolvesDAO Discord, so just gonna share them here as well. Nor is one of the projects I’m looking forward to the most
— Jonah Blake on the FOGDAO Podcast, talking about value accrual in web3 games
Quick summary (more insights in the episode):
Game NFTs get value from the social significance of the game (note: especially for skins.). Other NFTs get value from art, price momentun, liquidity, etc.
As all games die after some time (with only a few notable exceptions), gaming tokens will tend to zero. The risk/reward is not there to try to find the exceptions. Jonah prefers publisher tokens over game tokens.
To make things more exciting (and give myself a space to share whatever I want), I decided to add a little surprise section to the newsletter. Sometimes it will be there, sometimes it won’t. The content will always be different.
This time, I wanted to use the section to recommend a great Substack about game design I just discovered this week.
This is a big surprise to me too! Thanks for the feature!