The makers of Ethereum-based combat arena game Moonray announced that they will release the free-to-play title on PlayStation 5 next year. However, citing Sony’s policies, the game will be launching on the console without Web3 features.

On PC via the Epic Games Store, the game has already run a play-to-airdrop campaign, which saw gamers complete challenges to earn a chunk of its soon-to-launch MNRY token—and those who own the project’s NFT got an extra bonus. A similar system will be put into place with the mobile auto-battler that Moonray is set to release early next year. 

But this will not be the case for the PS5 version of the arena combat game, at least from the outset.

“We make sure to comply with the rules and conditions put forth by each platform we are working with. These rules differ between them, especially when it comes to Web3 elements,” a Moonray spokesperson told Decrypt. “The PS5 version of the game will not feature any Web3 elements at this stage.”

Moonray originally launched as a metaverse role-playing game, which was being built on Bitcoin layer-2 network Stacks. The project soon rebranded to a multiplayer competitive battler built on Ethereum, while remaining set in the same “post-human” world. Players are dropped into an arena equipped with swords, weapons, and powers to defeat their opponents in a range of game modes.

Launching on Sony’s console will offer Moonray another opportunity to reach players, but without the core crypto features that have helped define its launch thus far.

“For Web3 to reach broad adoption. there really has to be a serious conversation about where you find your users,” a Moonray spokesperson told Decrypt. “For gaming, consoles are incredibly important platforms to reach a broad gaming audience.”

Last week, the Avalanche-based battle royale shooter Off the Grid launched on PS5, Xbox, and PC to significant demand. Its gripping gameplay led to tons of viral moments, and the PC version became the most popular free-to-play title on the Epic Games Store.

However, the game’s crypto integration still hasn’t been completed. Off the Grid developer Gunzilla Games is launching its own Avalanche L1 chain (aka subnet), which is currently running as a testnet, and it appears that wallets are being created on the back end and transactions are being made for certain in-game actions.

Off the Grid’s NFT integration and GUN token are not yet live in the game, and Gunzilla has yet to clarify how that functionality will work on consoles. The studio has not responded to Decrypt’s recent attempts to seek clarification on that front, after previously declining to provide details earlier this year.

“Currently, we are not ready to disclose all the inner workings and would like to keep the specifics of these mechanics confidential until the game officially releases,” Gunzilla Games told Decrypt in March. “This decision not only helps us protect our unique ‘secret sauce’ from competitive pressures, but also aligns with our commitment to providing traditional gamers, who are our primary audience, with an unparalleled quality of gameplay.”

While the initial success of Off the Grid has generated excitement over the future of crypto gaming on consoles, the continued mystery around the integration has left onlookers continuing to wonder about the path forward on PlayStation and Xbox.

No specific date has been set for Moonray’s console launch, but the team confirmed to Decrypt that it has just started porting the title from PC to PS5. With this, the team plans to “conduct testing” in the second half of 2025, although it’s unclear whether that will be public or private.

Edited by Andrew Hayward

SINGAPORE – Media OutReach Newswire – 12 November 2024 – Leading digital asset exchange, Coinut, is proud to announce the launch of Wrapped Litecoin ($WLTC) today, November 12. This groundbreaking development integrates Litecoin into the vibrant world of decentralized finance (DeFi) via the Ethereum network.

An ERC-20 token, $WLTC acts as a simple bridge between the Litecoin and Ethereum ecosystems. As the oldest surviving altcoin, Litecoin’s 13 years of uninterrupted network activity has earned it a reputation as one of the most trusted and active digital assets globally. Wrapped Litecoin (WLTC) is a token that is pegged 1:1 with Litecoin, meaning each WLTC is backed by an equivalent amount of Litecoin, ensuring its value remains consistent with LTC. By wrapping Litecoin, users can now take advantage of Ethereum’s extensive DeFi ecosystem without selling their LTC. This opens up a variety of decentralized exchanges (DEXs) and thus unlocks greater liquidity for user assets. The main advantages for most will be earning interest, borrowing funds, and leveraging assets in numerous DeFi protocols. WLTC can be staked, and thus earn rewards, on various Ethereum-based DeFi platforms that support staking. WLTC also opens the door to smart contracts. By standardizing Litecoin into the ERC20 format, WLTC facilitates the integration of Litecoin transfers into smart contracts. This simplifies the development of decentralized applications (DApps) and enables more efficient execution of complex transactions involving Litecoin.

“Litecoin is trusted by millions. Now, with Wrapped Litecoin, these users can access Ethereum’s ecosystem seamlessly and confidently” – Xinxi Wang, Coinut

Wrapped Litecoin benefits include:

Cross-Chain Interoperability: allowing Litecoin users to engage with Ethereum-based applications and services. In bridging between the two blockchains, Wrapped Litecoin plays an important role in enhancing Litecoin’s utility;

Access to DeFi Applications & Services: giving Litecoin holders the ability to leverage their assets in ways not native to the Litecoin blockchain, like staking, lending/borrowing and yield farming;

Enhanced Liquidity: by allowing access to ‘Litecoin’ on ETH-based decentralized exchanges (DEXs).

Coinut has partnered with Fireblocks and Coinbase to utilize third-party services for safeguarding of crypto assets, with cold wallet storage (Coinbase) for enhanced security and hot wallet storage (Fireblocks) for efficient transactions. Throughout WLTC’s development, Coinut consulted with the Litecoin Foundation – a nonprofit organization dedicated to the adoption and development of Litecoin. The Foundation is supportive of projects that bring utility to the Litecoin ecosystem and is excited about what WLTC could bring to the future of Litecoin. Learn more about the Wrapped Litecoin project at www.WrappedLitecoin.org

https://coinut.com/

https://linkedin.com/company/coinut

https://twitter.com/coinut_exchange

https://wrappedlitecoin.org/

Hashtag: #crypto #wrappedlitecoin #wltc #litecoin #ltc #coinut

The issuer is solely responsible for the content of this announcement.

TORONTO , Nov. 12, 2024 /PRNewswire/ –  DeFi Technologies Inc. (the “Company” or “DEFI“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company and the first and only publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralised finance, today announces it will conduct a shareholder call on Friday November 15, 2024 at 12:00 p.m. EST to discuss its financial performance for the three month and nine month period ending September 30, 2024. 

IMPORTANT – To register for the webcast see below:

When: November 15, 2024
Time: 12:00 PM Eastern Time
Topic: DeFi Technologies Q3 Financials

Register in advance for this webinar:
https://zoom.us/webinar/register/WN__QSot0GtTC-06IIyrkLIZg 

After registering, you will receive a confirmation email containing information about joining the webinar.

Learn more about DeFi Technologies at defi.tech

About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join DeFi Technologies’ digital community on Linkedin and Twitter, and for more details, visit https://defi.tech/ 

About Valour
Valour Inc. and Valour Digital Securities Limited (together, “Valour“) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).For more information on Valour, to subscribe, or to receive updates and financial information, visit valour.com.

About Reflexivity Research
Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit https://www.reflexivityresearch.com/

About Stillman Digital

Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com

Cautionary note regarding forward-looking information: 
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the financial results of the Company; the shareholder call; development of ETPs; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited to the  growth and development of decentralized finance  and the digital asset sector; rules and regulations with respect to decentralized finance and digital assets; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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SOURCE DeFi Technologies Inc.

In a recent attack, a lending DeFi protocol, DeltaPrime has lost over $4.8 million through an exploit covering Arbitrum (ARB) and Avalanche (AVAX). This attack is the second major hack on DeltaPrime within the last two months and underlines the continuous security issues within the protocol and the DeFi industry in general.

The hack was first reported by the on-chain security firm PeckShield which said that the attacker modified DeltaPrime’s “claimRewards” contract. This weakness enabled the offender to commit fraudulent activities and obtain funds of about $4.8 million using a code logic exploitation that effectively circumvented important security controls. 

From the firm’s perspective, the attacker deposited $1.3 million to LFJ (previously Trader Joe) and invested in farming $USDC on the Stargate protocol. To manage the breach DeltaPrime revealed a halt in its activities on Arbitrum and Avalanche networks. 

The protocol’s team claimed that while the protocol is paused on both chains, the risk is contained to reassure stakeholders that they are currently looking into it.

• Also Read :
•   Weekly Crypto Hack Report: The Murder of $4 Million From Metawin and the Breach of Wiz Khalifa’s X Account
•   ,

September Hack and Vulnerability Risks of Deltaprime

The earlier one is a mid-September incident when the protocol lost $6 million because an administrator’s private keys were leaked. This attack marks the second significant breach of DeltaPrime in the past two months, which highlights the ongoing security vulnerabilities within the protocol and the wider DeFi world.

Crypto security specialists have recently criticized the unprotected status of most DeFi protocols by stating that the claimRewards contract vulnerability, which enabled illicit fund transfers, could have been fixed with proper code audits and checks. 

Security researchers have said that security audits rather present a set of options which, when used correctly, minimizes the risks For DeFi protocols handling significant funds, however, a code audit does not guarantee absolute safety.

Coingecko, the world’s largest independent crypto data aggregator, plans to make waves with its inaugural hybrid conference GeckoCon: Web3 Games Unleashed on November 11, 2024. This event will take place at the luxury ICONSIAM in Bangkok, Thailand from 9:30 AM to 6:30 PM (GMT+7).

A new era for Web3 gaming, GeckoCon aims to highlight the latest developments and features associated with the industry. The conference is expected to bring together industry leaders, developers, and games enthusiasts, packed with insightful discussions, networking opportunities, and interactive activities.

Participants are expected to speak at several keynote addresses and panel sessions featuring key leaders from the web3 gaming sector.

Attendees can also browse around 15 exhibit rooms, which are both physically and virtually available. Fringe events will enhance the experience, including campfire talks, live game shows, and interactive workshops.

CoinGecko co-founder and COO Bobby Ong shared insights on the conference: “Past GeckoCons have been virtual to accommodate our global audience, allowing us to engage with participants without facing the constraints of physical travel.” 

He added, “This GeckoCon, we’re combining the accessibility of virtual attendance with the dynamic energy of an in-person event, in our first-ever hybrid conference format. Attendees can expect the best of both worlds.”

The upcoming event will take place on November 11, 2024, at ICONSIAM in Bangkok, Thailand, running from 9:30 AM to 6:30 PM (GMT+7). Early bird tickets are available for those interested in attending.

To make the event even more accessible, early bird tickets are available at a 40% discount until August 29, 2024. Attendees can secure their spot by purchasing tickets to the conference on the website.

Also Read: Crypto Shooter Game ”Off The Grid” Gets Massive Launch

Some lesser-known cryptocurrencies are showing signs of explosive growth, potentially turning small stakes into fortunes by 2025.

Could a modest investment today lead to massive gains in a few years? Certain lesser-known cryptocurrencies might hold the key. As the crypto market evolves, some low-priced tokens are showing signs of explosive growth. Discover which hidden gems could potentially turn a small stake into a fortune by 2025.

The CYBRO Presale is making waves in the DeFi world, reaching the sixth stage with nearly $4 million raised and a 300% price increase since launch. Positioned as a bold competitor among DeFi platforms, CYBRO offers unique advantages that set it apart from other altcoins on the market. With security audits from Assure DeFi and Certik, a solid security score, and listings on Blast Explorer and CoinGecko, CYBRO’s robust foundation provides investors with both confidence and transparency.

CYBRO’s use of AI-driven tools allows investors to build tailored portfolios that match their preferences and risk tolerance, making it an ideal platform for maximizing returns. Through the CYBRO app, users can access a wide range of yield-earning vaults, each carefully categorized by trust score, TVL, and APY, with average annual returns of 10%. This thoughtful design gives investors access to some of the most competitive returns in DeFi today.

CYBRO tokens offer extensive benefits, from reduced fees and cashback rewards to insurance coverage and regular airdrops. Additionally, CYBRO’s liquidity-focused tokenomics set it up for long-term market resilience, with 8% of the supply dedicated to liquidity. The presale offers investors a chance to acquire CYBRO tokens at 50% below the planned listing price, positioning early supporters for significant returns, with expert predictions pointing toward a potential 1200% gain in the coming year.

As CYBRO continues to rise, it’s poised to challenge major players and offer users a secure, high-potential avenue to maximize their crypto earnings. 

Bitcoin: The pioneer of decentralized peer-to-peer cryptocurrency

Bitcoin (BTC) is the first cryptocurrency, introducing blockchain technology to enable electronic cash without central authorities. It allows decentralized peer-to-peer transactions, operating on a distributed ledger across network nodes and eliminating the need for intermediaries like banks. Transactions are verified through mining, where miners solve complex puzzles to validate transactions and earn bitcoins as rewards. 

The system is designed to be resilient against fraud. Every 4 years, the Bitcoin network undergoes a “halving,” reducing miners’ rewards by half due to the capped supply of 21 million bitcoins. This finite supply and decentralized nature make Bitcoin a significant development in digital currency, offering potential for secure and transparent financial transactions.

Ethereum: Proof-of-stake blockchain powering DeFi, smart contracts, and fast transactions

Ethereum is a blockchain that uses a system called Proof-of-Stake. It’s known for programmable agreements called smart contracts and a large network of applications. It supports decentralized finance and uses tools like Arbitrum and Polygon to make transactions faster and cheaper. Ethereum introduced a type of token used in many applications for decision-making, utility, and storing value. 

Transactions need ETH to pay for fees. Since it was started by Vitalik Buterin, Ethereum has grown, changing to Proof-of-Stake with an upgrade called the Merge. Ether (ETH) is important to the system, allowing transactions, rewarding those who stake, and acting as an asset that can be traded and used as collateral.

Toncoin’s potential in the next bull run: A decentralized pos blockchain

Toncoin (TON) is the native cryptocurrency of The Open Network, a decentralized, open-source layer-1 blockchain. Supported by the TON Foundation and community enthusiasts, Toncoin operates on a proof-of-stake consensus model, enhancing network scalability and reliability. The project aims to provide fast, secure payment services with minimal fees and develop a comprehensive ecosystem featuring decentralized storage, services, DNS, anonymous networking, and efficient payment processing.

 As market trends favor scalable and secure blockchain solutions, Toncoin presents potential growth opportunities with its advanced technology and strong community support.

BNB: The cryptocurrency at the heart of binance ecosystem

BNB is the native cryptocurrency of the Binance ecosystem, launched in June 2017. It started as an ERC-20 token but now operates on Binance Chain and Binance Smart Chain. BNB is used for fee payments, token issuance, and transferring assets. It supports smart contracts through Proof-of-Staked Authority consensus, allowing users to earn rewards by staking. BNB’s utility goes beyond chain transactions. It offers fee discounts on Binance.com and can be used on third-party services. The supply of BNB is reduced regularly through quarterly burns. This aims to halve the initial supply of 200 million, which may enhance its value.

Conclusion

While established coins like BTC, ETH, TON, and BNB have shown growth, their short-term potential may be limited. CYBRO, a cutting-edge DeFi platform, offers investors unique opportunities to boost their earnings. Using AI-powered yield aggregation on the Blast blockchain, it maximizes returns. Features like high staking rewards, exclusive airdrops, and cashback on purchases enhance the user experience. Seamless deposits and withdrawals make transactions easy. With a focus on transparency, compliance, and quality, CYBRO stands out as a promising project. It has attracted strong interest from major crypto investors and influencers.

For more information, visit the official CYBRO website and join the community on X, Telegram, and Discord.

Web3 Gaming Market: A Comprehensive Overview

The Web3 gaming market is transforming the gaming landscape by integrating blockchain technology, enabling players to truly own in-game assets, such as skins, characters, and items, through Non-Fungible Tokens (NFTs). This decentralization allows players to trade, sell, and monetize their assets across various platforms, fostering new economic opportunities and creating a player-driven economy. Additionally, the rise of play-to-earn (P2E) models has introduced novel ways for gamers to earn cryptocurrency or tokens, further blurring the lines between entertainment and investment.

Despite the growth, the Web3 gaming market faces challenges such as scalability, user adoption, and regulatory concerns. Many players are still hesitant to fully embrace blockchain-based games due to unfamiliarity with cryptocurrencies and high transaction costs. However, with continuous innovation, partnerships, and an increasing number of games adopting Web3 elements, the market is projected to expand, offering a new paradigm in digital entertainment and creating lasting impacts on both the gaming and blockchain industries.

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Market Overview

The Web3 gaming market is rapidly evolving, driven by the integration of blockchain technology, NFTs, and decentralized finance (DeFi) into gaming ecosystems. This new paradigm allows players to own, trade, and monetize in-game assets, creating opportunities for play-to-earn (P2E) models and player-driven economies. While the market shows significant growth potential, challenges such as user adoption, scalability, and regulatory issues remain. As more games incorporate Web3 features, the market is set to reshape the gaming industry, merging entertainment with new economic models and expanding opportunities for both players and developers.

Top Market Key Players

Several key players dominate the Web3 Gaming Market, offering a diverse range of products and services that cater to various industries. Some of the leading companies include:

• Decentraland

• Enjin

• Axie Infinity

• Nakamoto Games

• Mythical Games

• Chain Guardians

• Immutable

• Animoca Brands

• Yield Guild Games

• Dapper Labs

• The Sandbox

• Splinterlands

• My Neighbor Alice

• Gods Unchained

• Illuvium

Top key players in the Web3 gaming market include prominent companies like Axie Infinity, The Sandbox, Decentraland, and Immutable X, which are at the forefront of integrating blockchain technology with gaming. These platforms leverage NFTs and decentralized economies to offer players unique in-game asset ownership and new earning opportunities. Other notable players include Enjin, Gala Games, and Star Atlas, all contributing to the growth of the play-to-earn (P2E) model and advancing Web3 gaming through innovative technologies and partnerships. Together, these companies are shaping the future of gaming with a focus on decentralization and blockchain integration.

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Key Market Segmentation

The Web3 gaming market is primarily segmented based on game type, platform, and revenue model. Game types include play-to-earn (P2E), non-fungible token (NFT) games, and decentralized autonomous organization (DAO) games. Platforms are divided into PC, mobile, and console-based Web3 games, with mobile games gaining significant traction. Revenue models in Web3 gaming include tokenized assets, in-game purchases, and staking rewards. Additionally, the market is segmented by geography, with North America, Europe, and Asia-Pacific being key regions driving adoption, alongside a growing interest in emerging markets. These segments highlight the diversity and expanding scope of Web3 gaming.

Market Dynamics

The Web3 gaming market is driven by several key dynamics, including the increasing demand for true digital ownership of in-game assets through NFTs, the rise of play-to-earn (P2E) models, and the potential for decentralized economies that empower players. Blockchain technology offers transparency, security, and the opportunity for cross-platform interoperability, further fueling market growth. However, challenges such as scalability issues, high transaction costs, and regulatory uncertainties can hinder adoption. As technology improves and more developers embrace Web3, the market is expected to grow rapidly, creating new monetization models and altering the traditional gaming landscape.

Industry Latest News

The Web3 gaming market is rapidly evolving, with a growing focus on integrating blockchain technology, NFTs, and decentralized finance (DeFi) into gaming ecosystems. This shift is enabling players to own in-game assets, trade items across platforms, and even earn rewards through play-to-earn (P2E) models. Major studios and startups alike are exploring how Web3 can transform player experiences and create new revenue streams. However, challenges such as scalability, user adoption, and regulatory concerns remain key hurdles. Despite this, Web3 gaming continues to gain momentum, with investments and new projects steadily increasing as the market matures.

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https://www.marketresearchfuture.com/reports/web3-gaming-market-32123

Regional Analysis

The Web3 gaming market shows significant regional growth, with North America, Europe, and Asia-Pacific leading adoption. North America and Europe are at the forefront, driven by strong blockchain development ecosystems, high digital literacy, and robust gaming communities. In Asia-Pacific, countries like South Korea, Japan, and China are major players, with a strong focus on mobile gaming and blockchain integration. Meanwhile, emerging markets in Latin America and Africa are witnessing increased interest in play-to-earn models due to lower entry barriers and economic opportunities. Overall, regional dynamics reflect diverse approaches to Web3 gaming adoption, with growth expected globally as awareness and infrastructure expand.

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Animoca Brands chairman and co-founder Yat Siu is one of the nicest and most approachable people not only in all of Web3 but also in the top tier of the most influential crypto movers and shakers. He’s a legitimate Web2 gaming OG who found his way to crypto through NFTs back in 2017.

DeFi

Uniswap Reveals Plans to Launch Ethereum Layer-2 Network Unichain

Leading Ethereum decentralized exchange Uniswap announced plans Thursday to launch its own layer-2 network called Unichain, which will be built on Optimism tech. Uniswap Labs framed the move as one to cut costs, improve transaction speeds, and boost liquidity across various chains.
Created by the primary developer of Uniswap, the largest decentralized exchange (DEX) on Ethereum, the new layer-2 solution will aim to create a network of interoperable networks through its use of the Optimism Superc…

TapSwap has officially launched a new Web3 gaming platform that focuses on skill-based monetization, seeking to address persistent issues in traditional gaming.

The platform aims to connect players with developers, providing a structured environment for users to monetize their gaming skills through its native token, TAPS.

The platform will feature a dashboard displaying available games, leaderboards, and player achievements. Users can earn TAPS by competing in games that require a token entry fee, which they will receive during an initial distribution event planned for next month. A training mode will also be available, allowing users to hone their skills without financial commitment.

TapSwap intends to attract third-party developers to its ecosystem. Initially, proprietary skill-based games will be introduced, with plans to open the platform to external developers in 2025.

This strategy aims to enhance the platform’s game offerings while providing a straightforward profit-sharing model for developers.

The launch is partially inspired by established platforms like Skillz, which boasts 3.2 million monthly active users. TapSwap aims to surpass this figure, projecting potential revenues of around $500 million.

The platform’s development is positioned to benefit from the lessons learned from previous tap-to-earn games that have struggled to maintain token value.

Naz Ventura, founder of TapSwap, emphasized the need for a sustainable model. He noted that many tap-to-earn tokens have seen significant value declines shortly after their launch on centralized exchanges, undermining long-term engagement.

TapSwap seeks to create a more equitable gaming environment, ensuring players receive consistent rewards for their skills.

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