Elon Musk, the owner of the social media website X (formerly known as Twitter), recently hosted a gaming stream on the platform. The stream featured Musk playing Diablo 4 and answering questions from viewers. This was a test of X’s new streaming feature, which was deemed successful with no technical issues. Musk’s goal is to make X a super app, offering a wide range of features. He acknowledged that specialist apps like Kick and Twitch may still have advantages, but believes X can be the best generalist app for discovery and interacting with a large audience. Musk also announced plans to bring the streaming feature to Xbox and PS5.
NFTs (non-fungible tokens) have gained popularity in the gaming industry as a tool for building Web3 communities. A report from DappRadar shows that the daily active wallets for NFTs in the third quarter doubled compared to the previous quarter, accounting for 12% of the total blockchain ecosystem. NFTs have the potential to onboard users into Web3 communities, as they can serve as a starting point for building an engaging community for a game. Cronos Labs, a Web3 startup accelerator, has been using NFT collections to bootstrap communities for games. They believe that incorporating Web3 elements into established Web2 IPs can be challenging, as some Web2 gamers may not be receptive to the idea of NFTs or tokens in their favorite games. Presentation also plays a key role in community acceptance, as demonstrated by Zynga’s announcement of its Web3 gaming platform and NFT collection for its transmedia IP, Sugartown.
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| Information | Details |
|---|---|
| Geography | Australia |
| Countries | 🇦🇺 🇳🇿 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Elon Musk |
| Companies | Immutable, Aavegotchis, The Sandbox, OpenSea, Amazon Web Services |
| Currencies | Thena |
| Securities | None |
