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Catheon Gaming Launches First-Ever P2E Game To Go Live On The Solana Blockchain – SolChicks Mini-Game

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Catheon Gaming, the publisher of the flagship game SolChicks, the #1 leading fantasy “Play-to-Earn” (P2E) game on the Solana blockchain, launched its mini-game – Dungeon Escape.

The mini-game, titled ‘Dungeon Escape’, is the first P2E game to go live on the Solana blockchain globally and has been developed in parallel with the main SolChicks RPG game.  Dungeon Escape is a game where our brave SolChicks’ explorer tries to collect treasures, whilst avoiding deadly traps. Along with the launch of Dungeon Escape, the game will also roll out two other new features in the SolChicks ecosystem – the $SHARDS token, and the NFT breeding system (the launch of breeding will be in late April). 

The primary purpose of launching the mini-game is to allow the SolChicks’ NFT holders to start utilizing their SolChicks to play and earn $SHARDS tokens in the lead up to the main RPG SolChicks game, which will have full play-to-earn integration and is expected to be launched later this year. $SHARDS tokens are required for breeding new SolChicks NFTs and will be used in various game mechanics such as upgrading weapons in the main game.

William Wu, CEO, Catheon Gaming comments: “We are extremely pleased to have launched the SolChicks mini-game, which will enable our NFT holders to start utilizing their SolChicks NFTs, whilst waiting for the main game with full P2E integration to be launched later this year. In the meantime, our dedicated and talented team is working hard on developing the full game. There are two major trends coming to blockchain gaming — shepherding in the various utilities of NFTs and making play-to-earn games more fun to play. At Catheon, we put entertainment value at the core of everything we do, making sure that our games are built with our players and community in mind”

The team behind SolChicks is working diligently to expand the SolChicks platform, creating a best-in-class gaming experience for the players. SolChicks is designed to be fun-to-play first, and play-to-earn second. It is already the number 1 fantasy game on the Solana blockchain,  however, the long-term vision for it is also to be seen as the most popular P2E game globally with its well-designed game architecture and in-game economy.

Catheon Gaming’s portfolio is growing rapidly, with the three existing titles, SolChicks, Seoul Stars, and Angrymals, soon to be joined by a number of others in the pipeline this year. The company is focused on working on developing new games to ensure they reach the largest possible audience or partnering with existing games to assist them in sustaining the value for players via a “Play-to-Earn” model with NFTs and blockchain integration.

In time for the launch, the Catheon team will be attending events around the world, including Miami NFT Week and Bitcoin 2022, Non-fungible Conference in Lisbon, and Paris Blockchain Week. The team will have the opportunity to discuss SolChicks, Catheon Gaming, and its upcoming titles and developments in more depth.

About Catheon Gaming

Catheon Gaming is the fastest-growing integrated blockchain gaming and entertainment company globally. The company’s flagship franchise, SolChicks, entered the market following successful fundraising from various venture capitals, institutions, and launchpad partners. The company brings technical, gaming, and marketing expertise together with deep roots in the blockchain industry. The company’s strategy is to partner with leading game developers and IP-holders to incubate and launch “best-in-class” blockchain games and bring them to the widest possible audience.

For more information, please visit: https://catheongaming.com/

For media inquiries, please contact: media@catheongaming.com

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According to Music Ally, Spotify has begun testing NFTs on its platform

If a trial deployment goes well, artists may soon be allowed to market their non-fungible tokens (NFTs) on Spotify, according to Music Ally.

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Spotify, the most recent tech business to join the NFT bandwagon, entered the web3 world earlier this month with the introduction of “Spotify Island” on Roblox on May 3. Spotify will now test NFTs on the platform to specifically selected US consumers, starting with a single trial selection of artists, including Steve Aoki and The Wombats.

Users will have to purchase NFTs through an external marketplace, thus they won’t be able to sell them directly. As part of the trial, Spotify has stated that it will not take a portion of the sales.

Simultaneously, customers have stated that Spotify is sending out surveys and even paying some people to talk to team members about their feelings regarding NFTs and web3. Questions concerning sentiment, cryptocurrency purchases, and why people acquired NFTs have been circulated on Twitter. Some poster responded with mockery to the queries.

Since March, when Spotify placed two job offers for working on early-stage web3 projects, rumors have circulated that the firm was interested in entering the web3. The announcement comes only days after Meta revealed that it would begin testing digital collectibles and NFTs on Instagram as well.

By the time of publication, Spotify had not responded to a request for comment from The Block.

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Square Enix intends to issue tokens and make a significant investment in Web3 gaming

By investing in blockchain gaming infrastructure, the big game producer is altering its business strategy to include a stronger NFT environment.

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Square Enix announced in its first-quarter results report that as part of its medium-term business strategy in 2022, it will include nonfungible tokens (NFTs) into more game goods.

According to Square Enix’s most recent earnings report, the company manages $3 billion in assets. The company controls the Final Fantasy franchise, which it sold for $300 million on May 3rd.

According to the report, the company began testing NFTs in February this year on the Shi-San-Sei Million Arthur game. If the pilot program is a success, the game’s NFTs will be renewed for a second season, and the company will expand its NFT and blockchain activities.

SE wants to provide regulatory clarity and norms for blockchain gaming, address scalability in NFT economies, and consider forming a corporate capital venture unit, among the top priorities of its blockchain domain projects.

The company also announced that it intends to create an overseas organization that will be responsible for “issue, administering, and investing our own tokens,” implying that the company will begin to build a large gaming-token economy.

SE has been exploring its options in the blockchain gaming market with the help of Web3 gaming and metaverse venture capital firm Animoca Brands. As SE digs deeper into the ecosystem, collaboration between the two companies is expected to deepen.

Square Enix’s gaming clout, according to Animoca’s executive chairman Yat Siu, will only help the company establish a blockchain gaming presence. On Monday, he said to Cointelegraph,

“Square Enix has long talked about the possibilities of blockchain games, so it understands it better than most of the traditional gaming titans.”

The third objective of the report’s medium-term business strategy is to invest in and monetize blockchain, artificial intelligence (AI), and cloud computing. This aligns with CEO Yosuke Matsuda’s stated desire in January to increase his company’s involvement in such technologies.

Despite a broad cryptocurrency market dip in 2022, the appeal of Web3 and NFT gaming has remained strong. On Saturday, according to market tracker DappRader, there were roughly one million daily active gamers, nearly the same as on January 1.

Gamers, on the other hand, aren’t spending as much as they used to, with total sales volume for NFT game items falling 88 percent from $70 on January 1 to $8.7 million on Saturday.

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Ukraine’s Ministry of Digital Transformation has approved a charity NFT initiative to aid military operations

On Thursday, Mykhailo Fedorov, Ukraine’s Vice Prime Minister and Minister of Digital Transformation, tweeted his support for Avatars for Ukraine, a non-fungible token (NFT) project that benefits Ukraine’s humanitarian and defense efforts.

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The project includes 70 digital artworks based on Ukrainian imagery and resistance to Russian forces that evolved as a result of the Russia-Ukraine war. All earnings from the sale of digital art go to support Ukrainian war efforts. The Ukrainian Ministry of Digital Transformation has approved Avatars for Ukraine, and the first NFT will be released on May 19.

This isn’t the first time Ukrainian officials have used blockchain technology to help fund war activities. The Ukrainian government opened a website in April this year where people could purchase and trade NFTs to support Ukraine’s military efforts, as well as raise over $100 million in crypto donations.

Avatars for Ukraine also joins a growing trend of NFT projects assisting in the donation of monies to charity, with some or all of the proceeds of NFT art going directly to the charity.

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