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Web3 Gamer: Earn Bitcoin in Minecraft, BGA’s 50/50 gender split, Oath of Peak hot take

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Minecraft gets the Bitcoin treatment

It seems like Minecraft has been around since the invention of computers, and there is a reason for that. Along with its official free updates, which provide extra content, the Minecraft ecosystem has an incredibly active community, helping it stay up to date. Thanks to the game’s open-ended gameplay, there is tons of community-built content available to enjoy.

Have you finished the standard content of the game? Then why not relive the industrial revolution with custom-built mods? Or enter a competition to see who can build a construction first against hundreds of others? There is a server for that. Pokemon in Minecraft? Pixelmon! 

And if you want to earn Bitcoin in Minecraft? Welp, you can even do that now.

Bitcoin integration for Minecraft with Satlantis and Zebedee partnership.
Players can earn Bitcoin in Minecraft with the partnership between Zebedee and Satlantis. (Zebedee)

A community-operated Minecraft server by the name of “Satlantis” has integrated Zebedee’s gaming tech that lets players earn Bitcoin by completing in-game quests inspired by real-life BTC mining. Players in the server can join in-game mining pools, collect ASICs (popular hardware tailored for Bitcoin mining) and increase their hash rate to win block rewards. What a cool way to educate traditional gamers on the basics of Bitcoin!

Players can withdraw their earnings to Zebedee’s app, where they can spend their gains on other games made by the company or move them to exchanges that support Bitcoin’s layer-2 Lightning Network.

Don’t get your hopes up for buying a Lambo with your earnings from building pixelated wonders. The server will give out a total of 1 million satoshis — equal to one hundred millionth of a BTC — per week. That’s around $300 per week divided by God-only-knows how many people. While it isn’t much, it’s a start that could become a trend. 

The Bitcoin-friendly integration is an unofficial one, and neither Satlantis nor Zebedee is affiliated with the Minecraft developer Mojang Studios. The studio itself is pretty down on Web3, having previously banned Minecraft NFT integrations. Time will show how this integration fairs against the ban.

Blockchain Game Alliance ramps up diversity efforts

Diversity is a surprisingly new topic in the world of video games. Most major publishers had not even released a diversity report as recently as 2021. In 2022 Activision Blizzard gave itself five long years to meet its goal of 50% women and non-binary employees.

Members of the Blockchain Game Alliance, a key organization promoting Web3 and blockchain gaming, voted to install a gender-balanced board, with three men and three women. And the newly elected BGA board of 2023 is made up of all new faces.

Blockchain Game Alliance 2023 board members
Blockchain Game Alliance 2023 board members. (BGA)

They are Leah Callon-Butler, director of consulting firm Emfarsis; Yasmina Kazitani, chief marketing and partnerships officer at Interverse; Christina Macedo, co-founder and chief operating officer at Ready gg; Hideaki Uehara, director of business development at Square Enix; Mariano Rubinstein, CEO and co-founder at Sura Gaming; and Alex Kosloff, head of business development at Altura.

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As an avid gamer, I will be watching with interest to see if the make-up of the new board can help progress and innovation across the Web3 gaming space.

Sega not a fan of P2E but developing a blockchain game

The makers of all-time favorite franchises Sonic and Yakuza have had an on-again, off-again relationship with blockchain technology. Sega announced plans for NFTs as play-to-earn (P2E) rewards last year. Later, they stepped off the gas after a backlash from fans, who considered the initiative a money grab.

This year, Sega is also walking both sides of the street. Shuji Utsumi, co-chief operating officer at Sega, called blockchain games “boring” and said the Japanese gaming giant wouldn’t be using its biggest titles in blockchain gaming projects.

However, Sega has announced a partnership with Line Next to bring its classic games to GAME DOSI, a Web3-friendly blockchain gaming platform. In light of this announcement, Utsumi clarified that investing in Web3 projects is within the company’s strategy but that they don’t intend to be a Web3 company but rather a “Web 2.5” one.

LINE NEXT signs memorandum of understanding with SEGA to develop game for GAME DOSI
LINE NEXT partners with SEGA to license and bring a classic game to the Web3 gaming platform GAME DOSI. (LINE)

As everyone’s aware, the mainstream gaming community is unenthusiastic about blockchain games and sees them as a temporary trend fueled by hype and speculation. Players are concerned about money grabs and the short lifespans of Web3 games, so it’s understandable Sega doesn’t want to put its big titles in an area where it has little-to-no experience. 

While some skepticism is warranted, it doesn’t mean blockchain technology won’t ever find its footing in the gaming industry. Multi-billion-dollar tech companies are aware of the possibilities Web3 gaming brings and know the importance of getting in on the ground floor.

Sega’s decision to test the water with its smaller IPs is a thoughtful and measured approach that respects its legacy while navigating the uncharted terrain of Web3 gaming. 

Studio’s $15M funding from Binance Labs for Web3 dino game

Binance’s venture capital and incubator arm Binance Labs has invested $15 million in Web3 gaming startup Xterio. The company labels itself as a “free-to-play-and-own” game developer and publisher, meaning the games are free to play, and players are able to earn and keep NFTs. In August last year, it raised $40 million in funding from investors, including FunPlus, XPLA and now-extinct FTX Ventures.

Xterio seems to have a lot of experience on the gaming front, with Web2 gaming industry veterans on its founding executive team from companies including Ubisoft, Krafton and NetEase. There are 11 games in its repertoire, ranging from Age of Dino — a massively multiplayer online 4X (explore, expand, exploit, and exterminate) strategy game that features dinosaurs — to Overworld, a cross-platform sandbox RPG with anime-inspired graphics.

Xterio is developing an “emotion engine for AI,” with an aim to enhance player immersion by equipping game characters with realistic and dynamic emotional responses — The Matrix and the whole AI takes-control scenario were way ahead of their time.

Web3 Game Overworld by Xterio
Overworld promotional art. (Xterio)

The company uses AI very actively as they host an AI toolkit for developers and are creating a digital companion game called AIpal which is entering its beta phase later this year.

Hot take — Oath of Peak

The undeniable success of Genshin Impact — a Chinese MMORPG with cute graphics and fast-paced action that was released on virtually every platform except Casio Scientific Calculator — sparked off a trend of introducing every possible bit of Chinese mythology to Western audiences among developers. 

Oath of Peak
Oath of Peak promotional art. (Oath of Peak)

Oath of Peak, an action MMORPG game that diversifies with its Web3 elements, seems to capitalize on that itch. Available on iOS and Android platforms as a free download, the game offers an epic world that’s easy to get familiar with, thanks to its cute graphics. 

Similar to other massively multiplayer games, players can pick from five different classes with fully customizable avatars. The game offers melee, assassin, ranger, mage and support characters — nothing groundbreaking. 

With the recently-added English language support, it wasn’t hard to find my way around the colorful island. After completing some quests, I realized one cool thing about the game: it doesn’t shove its Web3 features at the player. Sure, the game has NFT monsters and a utility token that’s exchangeable with in-game currency, but it doesn’t become prominent until after players are invested in the game in terms of time and effort.

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If you are in the market to check some new games with familiar mechanics, it’s worth taking a look at Oath of Peak, now available globally via app stores or its APK. It’ll only take 15-20 minutes for you to understand whether it’s a game for you or not anyway.

More from Web3 gaming space:

— Eyeball Games, led by the team behind Miniclip’s 8 Ball Pool, has announced the launch of their blockchain-based mobile game, Eyeball Pool, on the Immutable platform in early 2024.

— Polygon Labs’ president, Ryan Wyatt, is transitioning to an advisory role after over a year with the company. Polygon’s chief legal officer, Marc Boiron, will succeed Wyatt as the new CEO.

— MetaGalaxy Land introduced the pre-alpha version of its metaverse platform, which utilizes Unreal Engine 5.

— Major League Baseball became one of the first professional sports leagues to own a virtual world. Improbable, a metaverse tech firm, announced the new virtual space called “MLB virtual ballpark.”

— Immutable has introduced OBS, its first Web3 racing game, as the latest addition to its game lineup.

— Telescope Labs launched a comprehensive range of AI-driven solutions tailored for Web3 gaming, empowering gaming enterprises with the necessary resources to construct robust virtual economies.

— Sweat Economy, a move-to-earn initiative, has revealed the introduction of Sweat Hero, an in-app game and NFT experience within their platform.

Erhan

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.

Cryptocurrency

Ethereum (ETH) Price Decline, Recent Cardano (ADA) Predictions, and More: Bits Recap August 1

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TL;DR

  • ETH slumped by 6% amid the broader market correction, but whale accumulation, a nine-year low in exchange balances, and steady ETF inflows hint at a possible rebound in the near term.

  • ADA dropped even more, yet analysts remain bullish, with some predicting a surge beyond $4 if the asset clears key resistance at $0.92.

  • BTC briefly dipped below $114,500, but an RSI near 30 suggests oversold conditions, while optimistic traders eye a breakout to $145K-$150K.

ETH Heads South

The past several hours have not been pleasant for the cryptocurrency market, which has registered a significant pullback following the latest tariffs implemented by the Trump administration.

Ethereum (ETH) is among the losers with its price dropping by 6% on a daily scale to around $3,600 (per CoinGecko’s data). Historically, August has tended to be a bearish month for the asset, with gains recorded only in 2017, 2020, and 2021. It will be interesting to see if this year proves to be among the exceptions.

ETH Monthly Returns
ETH Monthly Returns, Source: CoinGlass

On the other hand, some key factors suggest that this might be only a temporary correction, followed by another rally. Whales have scooped up thousands of ETH in the past days, signaling strong confidence and reducing the amount of coins available on the open market. 

Additionally, the number of tokens stored on crypto exchanges plummeted to a nine-year low of under 19 million. This means that investors have shifted from centralized platforms toward self-custody methods, which reduces the immediate selling pressure.

ETH Exchange Reserve
ETH Exchange Reserve, Source: CryptoQuant

The flow of capital into spot ETH ETFs remains solid, while those interested in exploring more bullish factors and optimistic price predictions can refer to our article here.

ADA’s Next Targets?

Cardano’s native token has performed even worse than ETH in the past 24 hours, slipping by 8% to approximately $0.72 (its lowest point since mid-July). 

Despite the downtrend, many analysts foresee a renewed uptrend knocking on the door. The popular X user, Ali Martinez, believes ADA’s current price structure resembles that of the last bull cycle, which was later followed by a massive rally. 

Hardy and Smith are also among the optimists. The former claimed ADA’s bull run has yet to begin, while the latter argued that the valuation could skyrocket to a new all-time high above $4 once it surpasses the breakout target of $0.92. 

What About BTC?

The primary cryptocurrency briefly dipped under $114,500 before recovering some of the losses. As of this writing, it trades at around $115,000, representing a 3.2% drop on a daily basis. 

Its negative performance coincides with the broader correction of the cryptocurrency market, as well as the actions of retail investors who appear to have shifted into selling mode.

However, many members of the crypto community believe BTC’s bull run is far from being over. X user CRYPTOWZRD forecasted a pump to $145,000 if it breaks $120,000, whereas Grypto GEMs set a target of $150,000.

Bitcoin’s Relative Strength Index (RSI), which measures the latest speed and magnitude of price changes, supports the bullish thesis. Currently, the ratio is hovering around 30, meaning the asset is oversold and may be due for a resurgence. Conversely, anything above 70 could be interpreted as a precursor of a pullback.

BTC RSI
BTC RSI, Source: CryptoWaves
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ETH Price Falls, But Ethereum ETFs Keep Breaking Records

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Ethereum spot ETFs have recorded net positive flows for 20 consecutive trading days.

This accumulation streak, highlighted by a $17 million net intake on July 31, stands in stark contrast to Bitcoin ETFs, which saw a $115 million exit on the same day, their first outflow after five days of gains.

Institutional Appetite

The latest run of 20 days surpassed an earlier one of 19 green days between May 16 and June 12, cut short by $2.18 million in outflows on June 13. This was followed by a few days of intermittent flows before the current spree kicked off in earnest on July 3.

It has since pushed cumulative allocations to $9.64 billion, per SoSoValue data, with July alone seeing $5.41 billion in net capital directed toward ETH ETFs, more than the combined total of the previous 11 months.

BlackRock’s ETHA remains the market leader, attracting $18.18 million on July 31 and now holding $11.37 billion in assets, representing 2.52% of ETH’s market cap. Meanwhile, Grayscale’s ETHE reported $6.8 million in withdrawals, though its $4.22 billion asset base shows its continued relevance. Fidelity’s FETH recorded a $5.62 million boost, bringing its net assets to $2.55 billion.

The momentum is striking when viewed against historical trends. The last recorded outflow was on July 8, after which funds posted some of their largest single-day gains, including $726.7 million on July 16, $602 million on July 17, and $533.8 million on July 22. These inflows helped Ethereum ETF assets climb to $21.52 billion, roughly 4.77% of the cryptocurrency’s market cap.

Ethereum Price Action

Despite the ETF-fueled demand, ETH slipped 2.4% in the last 24 hours to around $3,786, following a brief rally to $3,933 earlier this week. However, the token is up 53% in the past 30 days, outpacing Bitcoin’s rangebound movement between $116,000 and $119,000.

Industry analysts see these ETF flows as structurally bullish. Recently, QCP Capital cautioned that overheated funding rates could introduce near-term resistance around $4,000, but it stressed that continued institutional demand, paired with corporate treasuries like SharpLink Gaming and BitMine accumulating billions in ETH, may underpin further upside.

Meanwhile, on July 31, the total value traded across ETH ETFs stood at $1.28 billion. If this pace holds, it could help ETH challenge its November 2021 all-time high of $4,878 sooner than expected, potentially cementing its role as the frontrunner in an altcoin-led cycle.

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BlackRock Ripple (XRP) ETF Coming Soon? Here’s What You Need to Know

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Nate Geraci, President of The ETF Store, believes that the world’s largest asset manager – BlackRock – will file for an XRP ETF.

If true and if history is any indicator, this could have a long-term positive impact on XRP as an asset, following in the footsteps of ETH and even BTC.

BlackRock XRP ETF a Possibility According to Expert

Geraci believes that it’s only logical for BlackRock to file for an XRP ETF. He cited the asset manager’s attempt to position itself as a “thought leader,” and thinks that it wouldn’t make a lot of sense for the financial behemmoth to ignore a top-five non-stablecoin cryptocurrency by means of total market capitalization. He also thinks the firm will file for a spot Solana (SOL) ETF.

He also believes that they will be filing for an index-based crypto ETF:

If launching index-based crypto ETF (which I’m highly confident they will), then you’re launching individual spot ETFs. I get the “BlackRock is all in on ETH,” or “they think XRP is scam.” This is all about business. They open up flank not pursuing additional spot ETFs IMO.

To this, he also added that by failing to add more individual spot ETFs, BlackRrock would essentially send a message to their clients and prospective investors that “there will only ever be two winners in crypto: BTC and ETH.”

He also said that they are still early because one of their main competitors is still following the “blockchain, not bitcoin” meta.

XRP ETFs The New Meta?

It’s perhaps safe to assume that a major deterrent for large-scale asset managers to file for XRP ETFs was the ambiguity surrounding its legal status amid the case between the US Securities and Exchange Commission and Ripple Labs.

Now that this has almost been resolved, and following the Commission’s newfound crypto-oriented focus, investors and asset managers are far more confident in the US-based crypto company. This has also largely been reflected in XRP’s price, which is up by a staggering 400% in the last year.

Multiple companies have already filed for a spot XRP ETF, including Franklin Templeton, Bitwise, Canary Capital, Grayscale, 21Sharse, and WisdomTree.

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