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Sixteen startups selected from over 1000 applications will present their projects to a global audience. Cointelegraph Accelerator, a startup booster that leverages Cointelegraph’s capabilities as a media and strategic partner, announced its second cohort launching in October 2023 for up-and-coming Web3 startups. Selected from over 1000 start up applications, the 16 participants of the second cohort of the Cointelegraph Accelerator program represent a wide array of Web3 verticals, including decentralized finance (DeFi), fintech, wallets, entertainment, social, and GameFi. By joining Cointelegraph’s accelerator program, Web3 startups will get marketing strategy expertise, access to Cointelegraph media products, and mentorship programs with industry experts on key start-up development topics, including token design, fundraising, legal frameworks, liquidity management, security, etc. The participants will also benefit from access to Cointelegraph’s broad network of investors, foundations...

The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3. Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030.  In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into booming markets like gaming. But while the country has yet to leave a significant mark in the global game and AI development, the ripples of its investments in the gaming sector could extend far beyond — at least, that’s what Web3 experts say. “Based on our work and communications that we have, Saudi [Arabia] is very, very interested in Web3,” Animoca Brands co-founder Yat Siu told Cointelegraph. Given the kingdom’s partnerships with entities such as The Sandbox and even Animoca, Siu sees that there’s an effort from Saudi to venture into the new iteration of the internet. The executive...

An independent Web3 gaming company led by industry veterans will launch their first game next year — and they're bullish on the benefits that blockchain will bring. An independent Web3 gaming company has unveiled its very first project — and is vowing to offer an immersive, powerful experience for players. Digital Insight Games says its debut title will be known as Cloud Castles. It's scheduled to be released in 2023 — and promises to blend beloved elements from role-playing games with cutting-edge real-time strategy and tactics. In lush battlegrounds rendered in stunning detail using the latest technology, including Unreal Engine 5, Cloud Castles will give gamers the chance to collect and evolve fantasy creatures, and deploy them in fast-paced battles. Of course, a key tenet of Web3 is the ownership of in -game assets — and for this reason, Blockchain Technology will be used so players have full control of everything they acquire, collect, modify, build and achieve. An exci...

Singapore government-backed investor Temasek is known for crypto-related investments but is yet to do its first direct investment in crypto. Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore's state-owned investor Temasek. Animoca announced on Thursday that it closed a strategic funding round of $110 million from the issuance of convertible notes to a small number of institutional investors. Completed at a conversion price of 4.5 Australian dollars, or about $3, the new round values Animoca similarly to its previous funding round , the firm said. The notes round included new investors like Temasek, the private equity firm Boyu Capital and the global venture capital firm GGV Capital. These companies have established a strategic consortium of new investors, aiming to provide advice to the company as it continues to grow and build its organizational structure. Temasek, Boyu and GGV are now expe...

As part of the deal, Square Enix will develop games on Oasys’ PoS network, joining the likes of Sega, Double Jump, Bandai Namco and Ubisoft. Square Enix, the Japanese game developer behind the beloved Final Fantasy franchise, has signed on as a node validator for blockchain gaming project Oasys, with the duo also teaming up to create blockchain games. The move has predictably been met with criticism from some crypto- and NFT-hating members of the gaming community, irritated that the firm is continuing to double down its focus on blockchain tech. In a Monday announcement, Oasys revealed that Square Enix had jumped on board to be the project’s 21st node validator, taking up the final slot of initial validators. Moving forward, the duo will also team up to develop new games on Oasys’ EVM compatible proof-of-stake (PoS) blockchain, which hopes to become a hub for Triple-A quality games with play-to-earn (P2E) integrations. Square Enix joins a host of big names in gaming to partner with O...

Polygon co-founder Sandeep Nailwal says that speculation has been both the “boon and bane of crypto,” but genuine use cases will eventually rise to the surface. Sandeep Nailwal, the co-founder of the Ethereum scaling platform Polygon, believes Web3 gaming will eventually become one of the biggest drivers of mass crypto adoption. In a May 25 Ask Me Anything (AMA) in the r/India community on Reddit, Nailwal was asked what he sees as some genuine at- scale “real life” use cases for blockchain other than trading and payments. In response, Nailwal stated: “I think gaming is the largest scale opportunity for crypto," adding: “There are some top games launching in Web3 in the next 6-18 months and it would be very interesting to see if some of them are able to crack the crypto code. Last year itself there was $2 billion+ in funding for Web3 games.” “Polygon combined with its ecosystem players like IMX [Immutable X] got the lion's share in terms of those funded games. Fingers crossed...

Learn how to become a game developer with the help of ChatGPT, including learning programming among other things. As an artificial language (AI) language model, ChatGPT can provide some guidance on how to become a game developer, but it cannot offer a comprehensive or personalized learning path. Here are some ways you can utilize ChatGPT to become a game developer: Develop your programming skills Game development requires strong programming skills, so start by learning programming languages such as C++, Java or Python. One can take online courses or tutorials to learn the basics of programming and practice writing code. Here is an example of a Python code to create a simple “guess the number” game, where the player tries to guess a random number between 1 and 100: The above code uses the built-in random module to generate the number and keeps track of the number of guesses the player makes. The main game loop continues until the player guesses the correct number, at which point the pr...