PLUS: a framework for NFT value accrual in games, Adidas steps into metaverse, and more

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Issue #12 | November 24, 2021

gm frens,

Since tomorrow is Thanksgiving and I'm prioritizing family this week, today's issue will be short.

But first, let me tell you...

I AM GRATEFUL AS F*CK FOR YOU!

Whether you've been here from the start or this is your first ride with me (welcome!), I appreciate every single one of you.

🙏

– Michael

🍬MicroBites

👨‍💻Hackers steal $1 million from Phantom Galaxies community

🏆Axie Infinity announces "Axie Infinity Creator Cup" tournament

🏃‍♀️Genopets, a wearable-based "move-to-earn" NFT project, will launch Genesis Genopet sale on Cyber Monday

🎴Splinterlands will launch a second Chaos Legion Card pack sale on Dec. 8

👟Adidas steps into the Metaverse and buys a big chunk of land in The Sandbox

🏪Upland introduces "player owned businesses" called "Metaventures"

⚽️MetaSoccer aims to create "digital native football clubs and players" in the Metaverse

⚔️CryptoBlades expands from Binance Smart Chain to Avalanche blockchain

💰VC Land & Money Talk

🔥Jon Lai assumes new role as GP at a16z to continue investing in Web3 games and crossover verticals

🔫 Shrapnel, a blockchain-based first-person-shooter, raises $10.5 million

💰Alameda Research leads $3.5 million investment round for Solana-based action-RPG game Decimated

📑My Neighbor Alice sets up $80 million Metaverse grant program

🤖Irreverent Labs, led by gaming veteran Rahul Sood, raises $5 million to build play-to-earn games featuring AI-powered NFT characters

💪OliveX seeks to raise $5.8 million to build fitness Metaverse

👀Game7 will fund $500 million to accelerate blockchain gaming

🎮Game studio Core Loop raises $12 million to develop blockchain-based MMO

🕳️Deep Dives

📖READ: How Gaming NFTs Accrue Value

🎧LISTEN: Crypto Corner #2 - Loot, the Hyperverse & the Future of Human Collaboration

👀SCAN: A 5-minute glossary for blockchain games — what is “blockchain gaming”?

🐥Random Tweets

👾

👾

Have a safe and happy Thanksgiving and I'll see ya next week!

– Michael, editor of Crypto GameBites

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🏴‍☠️

Disclosure: From time-to-time I might add links in this newsletter to products I use and I may receive commission if you make a purchase through one of these links. Also, I hold crypto assets (shocking right?). See my investment disclosures here.

Disclaimer to protect my a$$: All investment strategies and investments involve risk of loss. Nothing contained in this magical newsletter should be construed as financial or investment advice. We’re just two brains connecting through cyberspace and shooting the shit about the wild world of blockchain gaming, where buzzwords like “crypto” and “NFTs” roam freely. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. Remember to do your own damn research and don’t just ape into things like I did with all those shitcoins from the Spring 2021 bull run.