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Nefta Partners with MYSTiC GAMES

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Nefta, the Web3 technology platform, has announced a new partnership with MYSTiC GAMES. The new game development studio is creating Web3 integrated mobile games featuring free-to-own NFTs, earned organically through gameplay. Nefta will act as advisers for MYSTiC GAMES, providing support for token minting, wallet creation, and launching the marketplace for the upcoming mobile MMO where players can trade their NFTs.

Founded in 2022 by industry veterans Matthew Buxton and Jakob Braunisch, and with a recent funding round of $1.3m led by Shima Capital, MYSTiC GAMES is on a mission to make blockchain gaming accessible. All NFTs within the soon-to-be-announced mobile game will be free and found organically by players through gameplay. Each NFT can also be easily traded with other players and will retain their value with no crypto wallet needed, further reducing the barrier to entry.

Through its innovative CATALYST platform, MYSTiC GAMES will bring players an accessible and free blockchain experience, shunning the existing pay-to-win model. VoYd Tokens won in the game will be transferable between players, and can be spent in-game as well as staked and sold. VoYd tokens and NFTs will be shared across future games built on the CATALYST platform, facilitating full cross compatibility. The entire ecosystem will be managed by the upcoming MYSTiC DAO, allowing players to own a part of their games, take part in shaping future releases, and eventually profit from participation in growing the community.

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Nefta will play an integral part in the development of the new title, bringing trust and structure to its Web3 elements by managing the MYSTiC GAMES token, creating a wallet native to the game, supporting with Web3 onboarding and creating a white-label marketplace.

“We share MYSTiC GAMES’ passion and ambition to make the world of Web3 more accessible, and are proud to offer our support to help make this a reality. The founder’s rich experience in the mobile gaming sector, combined with Nefta’s end-to-end Web3 solutions, means that we will be able to bring accessible and fun blockchain gaming experiences to a wider audience in the future,” Geeshan Willink, CEO and Co-Founder of Nefta, said.

Built on the Polygon blockchain, an offshoot of Ethereum, Nefta will utilise the “proof of stake” methodology built into the Ethereum chain to keep Gas Fees low, as well as reducing the environmental impact.

“After 17 years of working on great mobile titles for the likes of Rovio, King, and Miniclip, we’re excited to take on a new challenge and bring blockchain gaming into the mainstream with MYSTiC GAMES. With a focus on accessibility, we’re looking forward to creating fun and engaging games that foster a dynamic and long-lasting community. With Nefta acting as a one-stop shop for all our Web3 needs now and into the future, we can’t wait to break down the barriers to entry and make blockchain gaming an integral part of the industry moving forward,” Matthew Buxton, CEO and Co-Founder of MYSTiC GAMES, said.

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10-15% Of Gamers In Florida Show Signs Of Gaming Addiction: Here Are 10 Signs Your Kid Is Suffering From It (And How You Can Help)

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Recent studies indicate that 10-15% of young gamers in Florida exhibit signs of gaming addiction. These findings underscore the need for early identification of symptoms to prevent negative impacts on children’s mental and physical health. Gaming addiction, if not dealt with, can lead to poor academic performance, social withdrawal, and even health problems.

Marin Cristian-Ovidiu, CEO of FreezeNova, discusses key indicators of gaming addiction and offers practical advice for parents.

Recognizing Early Signs

“Early recognition of gaming addiction is crucial in preventing long-term negative outcomes,” Marin explains. The following signs can help parents identify if their child might be developing an addiction:

Exhaustion and Irritability

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Constant tiredness and grumpiness during the day could indicate late-night gaming sessions interfering with sleep.

Gaming Obsession 

If gaming dominates your child’s thoughts and conversations, and they plan their day around it while neglecting other responsibilities, it could be a sign of addiction.

Decline in Academic Performance and Lost Interests

A noticeable decline in academic performance or loss of interest in previously enjoyed activities may suggest your child is prioritizing gaming over more important tasks.

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Emotional Volatility

Extreme emotional reactions to in-game outcomes, such as uncontrolled anger, known as ‘Gamer Rage’, or intense celebrations, could indicate an unhealthy attachment to gaming.

Physical Strain

Signs of repetitive strain injuries like ‘Gamer’s Thumb’ or ‘Nintendo Neck’ from prolonged screen time are warning signals.

Neglecting Basic Needs 

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If your child is neglecting basic needs like eating, sleeping, or hygiene to keep playing, gaming has likely taken an unhealthy control over their life.

Creating a Supportive Environment

While video games can be a great source of entertainment and connection, around 70% of people with signs of gaming addiction also experience social disorders. Marin recommends a few tips for building a supportive and open environment for your child.

Teamwork and Setting Boundaries

“Parents and children should work together to create a healthy gaming environment. Gaming addiction requires a holistic approach,” Marin advises. Start by setting clear boundaries on gaming time to ensure there’s room for schoolwork, chores, and quality family time.

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Revisit activities your child once loved, like football practice or exploring new hobbies together. It’s vital for your child to take breaks from screens, so create a balanced daily routine that includes homework, chores, exercise and just some gaming time. This allows your child to enjoy their games without neglecting other aspects of their life.

Open Communication

Maintain open communication. Discuss the games your child enjoys and any concerns you might have. By understanding their world, you can work together to find solutions.

Remember, you’re not alone. If you feel overwhelmed, seek professional help from specialists in gaming addiction. Marin concludes, “By working as a team, setting clear boundaries, and fostering open communication, we can help your child develop a healthy relationship with gaming and thrive in all areas of life.”

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Compliance Updates

SYNOT Games Officially Certifies Over 140 Games in Brazil

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SYNOT Games has announced that more than 140 of its games have now been officially certified in Brazil.

“We are delighted to announce that more than 140 of our games have now been officially certified in Brazil. This significant achievement allows us to expand our reach and introduce a diverse selection of games to this dynamic market. Brazil represents a key opportunity for growth, and we are committed to delivering exceptional gaming experiences to the Brazilian audience,” the Company said.

“We are thrilled to introduce our portfolio in Brazil, offering innovative and engaging gameplay that promises to captivate and entertain players,” Martina Krajci, CCO at SYNOT Games, said.

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SPGA Introduces Code of Conduct to Highlight Member Commitment to Compliance and Safety in Social and Promotional Gaming

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The Social and Promotional Gaming Association (SPGA), an organization dedicated to providing stakeholder education and advocating for the responsible operation of social games offering promotional sweepstakes prizes, today announced the implementation of a Code of Conduct for its operator members.

The Code of Conduct is designed to spotlight the processes and technologies already in place at both SPGA member sites and the majority of social casinos offering promotional sweepstakes, also referred to as social sweeps games.

Social sweeps games combine the established social casino model, on which Americans have spent over $40 billion in the last decade, and add promotional prizes. No purchase is necessary to win prizes, and the vast majority of users play for free.
The foundational pillars of the Code of Conduct include the application of regulation-grade suppliers, technology, or policies to ensure: 
  • Age verification to limit real money play to users 18 and older

  • Proper identity verification (Know Your Customer or KYC) 

  • Location verification of customers 

  • AML policies to ensure proper transaction monitoring

“The pillars of the SPGA Code of Conduct highlight the technology and processes already in place at most social sweeps operators to ensure that the millions of adults who enjoy these games do so in a safe and reliable environment,” said Camilla Wright of Red Knot Communications, a spokesperson for the SPGA. 
“The standards of the Code of Conduct go above and beyond the accepted best practices for traditional social casinos.”
In the months ahead, the SPGA will release more details on the Code of Conduct, introduce additional pillars, and engage an external firm to certify member compliance with the Code.  
“We look forward to continuing to develop the Code of Conduct to further strengthen the commitment of SPGA members to compliance and player protection while providing consumers with a highly social and engaging experience that is always free to play,” said Wright.      
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