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Н News

Web3 Gamer: Apple to fix gaming? SEC hates Metaverse, Logan Paul trolled on Steam

Apple finally makes a play for gamers, SEC takes aim at Metaverse tokens, CryptoZoo trolled on Steam, memestock lord is GameStop’s new CEO.

Gaming on Macs to suck less

Is Apples reign as the worst platform for gaming coming to an end?

Amidst all the hype about their long-rumored VR/AR headset, slated for release in early 2024 (queueing outside the Apple Store starts in October), its not the only signal that Apple might finally be sorting out its subpar gaming offering. Its also releasing software that will make it easier to play Windows games on Mac.

Gaming on a Mac really sucks. Lots of games particularly indie and early release ones are not compatible. Keyboard mapping can be funky. To this day I have been unable to attach special tackles to my fishing rod (no, that is not innuendo) on the Mac edition of Stardew Valley.

With VR games, its even worse. If you want to spend hours watching YouTube videos, you can get most VR headsets to somewhat work with a Mac. But right now the only one that is really officially compatible seems to be the HTC Vive.

Are headsets the future of surfing the web? (Apple)

The downside of an Apple-native product is it comes with an Apple price tag: a hefty $3,499. Its hard to justify that much money for exploring the empty, laggy metaverse when you could spend a few months travelling and seeing some of the coolest places in the actual world for the same price.

The endless legal wrangling over in-game virtual assets

The Sandbox, Decentraland and Axie Infinitys tokens SAND, MANA and AXS, respectively made cameo appearances in the U.S. Securities and Exchange Commission (SEC) complaint against crypto exchange Binance, which was filed on June 5.

The complaint against the crypto exchange contains 13 charges, including that Binance sold unregistered securities. The SEC counted SAND, MANA and AXS among such securities meaning it considers them to be types of investments, not currencies.

Speaking at the Non Fungible Conference (NFC) in Lisbon, Portugal on June 7, The Sandbox COO Sebastien Borget said that his team were aware of the litigation but that they are not themselves subject to any.

We do not necessarily agree with the characterization thats been put in that litigation, including the qualification of SAND as a security there, he said, adding that it would not change the companys day-to-day business.

Since the announcement, eToro has said it will delist several tokens, including MANA, for US-based customers.

eToro has a framework in place which reviews the cryptoassets we offer in light of the rapidly evolving regulatory landscape. Due to recent developments, we will be making some changes to our crypto offering for US customers. (1/5)
— eToro US (@eToroUS) June 12, 2023

Making in-game currencies securities is a new twist in the mess that is bridging the gap between virtual gaming currencies and real life money.

Its not a new thing. The debate over the legal status of in-game currencies precedes even the invention of Bitcoin. Second Life got its first millionaire in 2006 and the question of who owes what to who has continued, exacerbated by the fact that many developers and creators already feel they pay large “taxes” to platforms.

Yet previous conversations have mostly been centered around making sure those that sell virtual assets or developer games on platforms are taxed correctly, not about investment and likely because Web2 virtual currencies act more like, well, currencies.

At last check, the USs IRS doesnt seem to be too concerned with virtual currencies if they dont leave a game.

Avalanche wants to help Web2 gaming leaders go Web3

The quest by blockchains to convert gaming companies to the dark side continues with Ava Labs launch of Arcad3, a program to help Web2 gaming giants launch powerful blockchain deployments.

Ava Labs, which has supported gaming companies in building out more than ten gaming subnets on Avalanche and over 100 Web3 games, will work with teams on game monetisation, marketing, user acquisition, and risk management.

Among the first companies taking part are Tokyo-based firms Gumi and GREE (not to be confused with the Chinese aircon giant, GREE Electrics), as well as Shrapnel, DeFi Kingdoms and Gunz Chain by Gunzilla.

The team behind Shrapnel is among those taking part in the program. (Shrapnel/Avalanche)

GREEs Board of Director and SVP, Metaverse, Eiji Araki said that he believed the program would help the company stay ahead on Web3 gaming and develop relationships with the studios who are experimenting in and building the space. Its currently working on its first Web3 game, Project INCURSION.

I can’t share any details other than the project code yet, but it will be a breakthrough title that successfully combines our nearly 20 years of mobile game development knowledge with the new essence of Web3, he added in a statement.

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GameStops CEO replaced by memestock trading billionaire

So long, Matt Furlong.

The GameStop CEO and former Amazon exec was axed on June 7 following the end of his 24 month contract with the gaming retailer. During that time, he oversaw GameStops transition from a primarily brick and mortar retailer into a more internet-focused firm.

Ryan Cohen will replace Furlong. Cohen made his fortune founding online pet supplies retailer Chewy but is perhaps better known for his involvement with memestocks. He successfully rallied people to invest in companies like Bed, Bath and Beyond, and GameStop itself, causing the prices to skyrocket. Critics say hes pumping and dumping.

He joined the board of GameStop in January 2021, became chairman of the board that same year and owns around 12% of the company.

Ryan Cohen is the new CEO of GameStop (Ryan Cohen/Twitter)

It seems much of GameStops subsequent forays into crypto came from Cohen. In February this year, it inked a deal with Immutable to build out GameStops NFT marketplace. It’s due to debut later this year.

Hot take: Crypto-themed games on Steam

Given a lack of interesting Web3 games that have landed on my desk over the past few weeks, lets talk about non-blockchain based games that are about crypto.

Steam may not allow crypto games but it can do little about trading simulators and Bitcoin mining tycoon RPGs. None are hits. Most seem tongue in cheek.

Take Coin Invaders, for instance, which tells players it must save Bitcoin by destroying altcoins. Its basically Space Invaders with extra steps, notes one reviewer.

A promotional still from the game Coin Invaders on Steam.

Coin Invaders is one of several crypto-themed games on Steam. (Steam)

Or perhaps youll enjoy Crypto is Dead, in which an attack has crippled the world economy and physical currency has returned. Its up to you to determine which bills are genuine and which are fake. Gripping stuff.

Then you can choose from the half a dozen-odd mining tycoon simulators which require you to build mining rigs and businesses to cash in on cryptocurrency to varying degrees of complexity. One version even has a simplified edition for kids.

But perhaps the award for most amusing crypto-themed non-crypto game goes to CryptoZoo, which came out this February. I know what youre thinking and the answer is no: Logan Paul hasnt yet made good on his promise of reviving the zombie project that earned him a whole series on crypto sleuth Coffeezillas YouTube channel.

Instead the task of creating a CryptoZoo game was taken up by Rye Bread Games, who describes him or herself on Steam as a trader who makes games for fun.

A promotional still of the game CryptoZoo

Logan Paul getting trolled on Steam is an adage to the old saying “if you want something done, do it yourself”. (Steam)

According to its deck, CryptoZoo is the best CryptoZoo on the market the best of its kind the best there ever will be

It may not involve NFTs, but at least players are getting their long-awaited chance to breed animals in scientifically impossible pairings.

Other Stuff

Heroes of Mavia will release the first phase of its Beta game for Land NFT owners on June 30. The larger community will be able to play the game in the second phase from Sept 1 to Oct 31.

Amazons Prime Gaming partnerships with Web3 companies continue. Its gearing up for another deal with Mythical Games Blankos Block Party whereby Prime members will be able to claim exclusive bundles for use in the game.

Ahead of the expected launch of Otherside: Legends of the Mara this summer, Yuga Labs is ramping up the merch machine with KodaPendants for holders of Otherside Kodas and Vessels. The pendants are the first relic in the Otherside Relics by Gucci collection.

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Н News

Web3 Gamer: Apple to fix gaming? SEC hates Metaverse, Logan Paul trolled on Steam

Gaming on Macs to suck less

The endless legal wrangling over in-game virtual assets

Avalanche wants to help Web2 gaming leaders go Web3

GameStops CEO replaced by memestock trading billionaire

Hot take: Crypto-themed games on Steam

Other Stuff

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Н News

Web3 Gamer: Apple to fix gaming? SEC hates Metaverse, Logan Paul trolled on Steam

Gaming on Macs to suck less

The endless legal wrangling over in-game virtual assets

Avalanche wants to help Web2 gaming leaders go Web3

GameStops CEO replaced by memestock trading billionaire

Hot take: Crypto-themed games on Steam

Other Stuff

Similar news

Can New York’s new crypto office thaw America’s coldest market?

Will Bitcoin hit $200,000 in 2025? 172 companies now hold BTC in treasury

Ethereum to onboard 1.4B new users as Chinese AliPay megacorp launches own L2

5x leveraged crypto ETFs are coming but should traders even touch them?

ETH Whale Returns With $7M Unrealized Profit as ETFs Add $236M and $4.1K Support Holds

TD Cowen: Onchain Capital Could Surpass $100 Trillion in Five Years via Tokenization

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