Riot Games Files Motion To Scrap Sponsorship Deal With Failed Crypt Company FTX

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Back in August, Riot Games entered into a sponsorship deal with cryptocurrency exchange platform FTX in what the League of Legends studio announced as the largest sponsorship deal that its ever secured. The deal was supposed to last for seven years with FTX branding to be prominently displayed during League of Legends Championship Series events for boatloads of cash. Back [...]

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Wemade's Stock Drops 30% After Korean Exchanges Delists its WeMix Token (Wemade is Behind Mir 4 and other Blockchain Games)

Looks like there's trouble in the metaverse. Wemade, the South Korean gaming company behind numerous play to earn MMOs including Mir 4, saw its stock price plummet 30% today after its Play 2 Earn token 'Wemix' will be delisted from numerous popular South Korean cryptocurrency exchanges on Dec 8th. The 30% plunge in the company's stock price was the maximum [...]

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X-Legend Entertainment's Honor of Heirs Mobile 'Play to Earn' Blockchain MMORPG Launches

X-Legend Entertainment, the Taiwanese game studio behind Grand Fantasia, Aura Kingdom, and over a dozen other MMOs, announced today that their blockchain play-to-earn mobile MMORPG 'Honor of Heirs' launched worldwide today. The game is natively designed for mobile devices but there's also a PC client available on the official website. X-Legend has had success in the past with their anime [...]

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Blockchain MMORPG Ravendawn Eternal Gets A New Name, Alpha Tests Start Next Month

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Open-Tibia MMORPG Ravendawn Online started closed beta testing earlier this week to a very good turnout, with over 2,000 players wanting to get in in the first few minutes after the server opened. That’s all well and good for its developer, Living Phoenix Entertainment, but the more important topic of this piece is the upcoming blockchain version of the sandbox [...]

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NFT Consultant Envisions A Future Where Impoverished Players Are Paid To Act As NPC Slaves

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With the recent rise in the popularity of play-to-earn blockchain and NFT games, there’s no shortage of people trying to come up with various ways to earn cryptocurrencies or real-world money without putting in the effort. In Axie Infinity, this came in the form of scholarships where a person would buy multiple accounts and have other people play them for [...]

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Riders Of Icarus Switches To Nexon Cards Payment Method After Its Crypto Token Value Crashes

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When Valofe introduced play-to-earn mechanics in Riders of Icarus a few months ago, the studio also changed the way that players were able to purchase premium currency called GCoin. Instead of using real-world money, players needed to use cryptocurrency tokens called Karma Koin to buy GCoins that they can then use for in-game microtransactions. That’s now changed as the studio [...]

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NFT MMORPG Ragnarok Meta Reports Over $1 Million In Losses Due To Crypto Crash

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Blockchain metaverse MMORPG Ragnarok Meta, not to be confused with the classic MMORPG of the same name, has reported huge losses even before the game has fully launched. According to its project head, Fanfaron, the game has suffered losses amounting to $1.83 million worth of Ethereum (ETH) after selling its position multiple times as cryptocurrency prices continued to drop all [...]

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