Call For Respondents: Blockchain Game Alliance State of Industry Survey 2024 | Weekly News Recap

GM. In today’s weekly recap, we talked about why you should participate in the Blockchain Game Alliance 2024 State of the Industry Report!

For my foreword this week: It has been four days since our webcast with Rene Reinsberg, the president of Celo Foundation (watch here), and three days since my guesting at Museigen community for the monthly crypto news recap (watch here).

While nothing can beat the personal and business relationships you can build at in-person meetups and events, there’s just something about online — the fact that everyone, everywhere can watch at the same time and interact — that works rather well especially if the format is that of “talking heads”, which meant a bunch of people talking to each other. It also works as a way to gather your community, especially if your community is everywhere.

And with that, let’s check out the news of the past week!

Market Updates 📈

Here are the crypto highlights of the week:

Bitcoin is down 9.7% vs the previous seven days, now at $57,741.65.
The weekly top gainer in the top 100 coins is HNT ($7.30), up 18.3%
The weekly top loser in the top 100 is SEI ($0.2674), down 24.3%
Noteworthy: TIA ($4.30) is down 24.2% vs the past week.

Feature Story: The BGA State of the Industry Survey 2024 is Now Live

Photo for the Article - Call For Respondents: Blockchain Game Alliance State of Industry Survey 2024 | Weekly News Recap

The Blockchain Game Alliance (BGA) has launched its 2024 State of the Industry Survey.

What’s the significance? This survey, now in its fourth year, gathers critical insights from key stakeholders in the web3 gaming ecosystem, helping shape the future of the industry. (Answer the survey here.)

Web3 gaming has rapidly evolved, and as such, this survey is a chance to identify emerging trends, challenges, and opportunities.

Who should participate: Whether you’re a developer, gamer, investor, or industry professional, your input will contribute to the most comprehensive report in the blockchain gaming sector.

Industry leaders such as Square Enix, Ubisoft, and The Sandbox support the initiative.

Previous results of the survey were published on BitPinas, and each time, there was an overall change of what the industry think are the most pressing concerns and challenges, as well as key wins:

2023 Report:
- Asset ownership is identified as top benefit of blockchain games.
- The key challenge was battling the misconception that blockchain gaming is a scam.
2022 Report:
- Play-to-earn was no longer seen as key narrative that will drive adoption.
  - What will, the survey said, will be traditional gaming studios and gameplay improvements.
- Core challenge back than was player onboarding.

For those who are reading this on the website or on the newsletter, your input will be important and helping understand the current landscape of blockchain gaming, and of course set the stage for what comes next. (Check out the survey here!)

Local Crypto News 🇵🇭

Crypto scam hub busted in Parañaque.
Coins.ph partnered with Stables Money to utilize PHPC stablecoin for Australia-Philippines remittances.
- Coins.ph also listed SUI.
GAM3 Awards set to take place in the Philippines during YGG Play Summit.
The BLOKC launched its Solana Development Fellowship at UP Diliman.
Yield Guild Games announced that Binance has officially integrated YGG on Ronin Network.

Educational Corner 🎓

How to play Ragnarok Monster World.
What is address poisoning scam? Tips to avoid losing millions in crypto.
What is Blum Tribes?

Regulation Watch 📜

Stay informed about the latest regulatory updates from here and around the world and what they mean for you:

The SEC’s lawsuit against Kraken is set to proceed to trial after a California judge ruled in favor of the case continuing.
The Nigerian SEC issued its first provisional operating license to local crypto exchange Quidax.
French President Emmanuel Macron stated that the arrest of Telegram CEO Pavel Durov was part of a judicial investigation and not politically motivated.
Binance resumed operations in India after a seven-month regulatory hiatus, having successfully registered with India’s Financial Intelligence Unit (FIU).

Community Spotlight 🔦

The following people were feature in last week’s community spotlights:

Vincent Tio of PDAX (Aug. 29)
Luis Buenaventura (Aug. 30)

Watch the Webcast 📺

If you haven’t check it out, please watch our webcast interview with Rene Reinsberg, the President of Celo Foundation. We discussed:

How Rene co-founded Celo and the problems they intend to solve.
Latest developments, such as transition to L2, stablecoins, and listing at PDAX and GCrypto.
Celo Philippines DAO.

More Web3 and AI News 💡

Discover the latest in web3 and AI innovation.

Matchain launched its mainnet, aiming to revolutionize web3 by enhancing data ownership, privacy, and decentralized AI.
MakerDAO rebranded to “Sky” and launching new tokens as part of its major overhaul called “Endgame.”
Ethereum layer 2 StarkNet struggles to maintain momentum after airdrop activity.
PolyMarket volume and users continue to increase, but election-related markets make up 87%.
Mastercard, in collaboration with MetaMask and Baanx, launched a new web3 card program

Web3 Gaming Section 🎮

The future of web3 is gaming, and here are the latest news.

Gamee, a web3 gaming firm under Animoca Brands, secured investment from TON Ventures.
Ragnarok: Monster World launch on Ronin.
Pixelmon‘s “Hunting Season” NFT staking event started, allowing players to stake NFTs to earn $MON through a three-phase process.
Saga Origins announced a new lineup of indie web3 games.

Upcoming Event 📅

Bicol Traders Meet 2024: September 7, 2024
Blockchain Campus Conference 2024: October 10, 2024

Noteworthy 🌟

Key updates and announcements from around the crypto and blockchain world:

Crypto advocates criticized the SEC and its chair, Gary Gensler, for issuing a Wells notice to OpenSea.
Binance is under scrutiny for seizing cryptocurrency from Palestinian users at the request of Israel’s Defense Forces.
PayPal’s stablecoin PYUSD reached a $1 billion market cap.
Richard Teng, the new CEO of Binance, dismissed the need for an IPO.