GameFi News July 12, 2022 Animoca Brands hits almost $6 billion valuation, ready to survive crypto winter Blockchain gaming giant Animoca Brands has raised $75.3 million, which brings its market valuation to $5.9 billion. The company will continue to invest in more titles, believing that the so-called “crypto winter” won’t kill the industry.
GameFi News July 11, 2022 Kongregate snaps up mobile developer Gamaga as part of its expansion into blockchain gaming Modern Times Group-owned company Kongregate has announced an acquisition of Chilean mobile studio Gamaga. The deal should help it expand its blockchain capabilities, including the development of Web3 games.
GameFi News July 11, 2022 Shanghai to establish $1.5 billion fund to help launch 100 metaverse products by 2025 Shanghai’s government has announced it plans to establish a $1.5 billion fund dedicated to metaverse development. The initiative is supposed to accelerate China’s economic recovery through supporting companies working in this area.
GameFi News July 8, 2022 Blockchain gaming studio Cauldron raises $6.6 million to bring Pixar-like storytelling to Web3 Cauldron has raised $6.6 million in a seed round. The blockchain studio, which is now working on Project Nightshade, is focused on storytelling and wants to become the “Pixar of Web3”.
GameFi News July 7, 2022 Pocketful of Quarters becomes Unity partner to let devs transfer virtual currency between different games Pocketful of Quarters (POQ) has become an official Unity partner. This will not only allow developers to implement blockchain technology for their projects, but also to transfer in-game tokens between multiple titles.
GameFi News July 7, 2022 Axie Infinity infamous crypto hack reportedly happened due to fake job offer on LinkedIn New details about the infamous hack that resulted in over $600 million being stolen from Axie Infinity have been revealed. It turned out that hackers tricked a Sky Mavis developer into applying for a fake job offer at a fictitious company.
GameFi News July 5, 2022 Former TikTok gaming head launches Meta0 to develop multi-chain protocol for NFT games Jason Fung, former head of TikTok’s gaming division, has founded the new company titled Meta0. He wants to fix infrastructure problems with blockchain gaming by developing a special protocol with multi-chain support.
GameFi News July 4, 2022 Polium One dubbed “next-gen console for Web3 gaming” faces criticism, including copying GameCube logo Blockchain company Polium has announced its own “multi-chain console” for Web3 gaming. The device, however, faced a lot of criticism online, with people struggling to understand its purpose. Not to mention its logo being similar to that of the GameCube.
GameFi News July 4, 2022 Crypto fund Three Arrows Capital files for bankruptcy after failing to pay $670 million loan Crypto hedge fund Three Arrows Capital (3AC) has filed for bankruptcy amid the ongoing blockchain industry collapse. The company is now seeking protection from creditors in the US after failing to pay a $670 million loan.
GameFi News July 1, 2022 Tencent and other Chinese tech giants sign pact to stop NFT secondary trading 30 Chinese tech companies, including Tencent, have signed a pact to stop NFT secondary trading. They also pledged to regulate their activities in the market and prevent speculations.
GameFi News June 30, 2022 Metaverse platform Mona raises $14.6 million to let creators build and sell virtual worlds as NFTs Mona has raised $14.6 million for its metaverse platform for digital creators. It is designed to help people build virtual worlds and sell them as NFTs, while also offering its own infrastructure and editor.
GameFi News June 29, 2022 Report: NFT market “has fallen off the cliff” in June, with sales dropping below $1 billion mark The NFT market has continued its downfall this month, with sales dropping to the lowest levels in the last 12 months. Experts think that investors are now looking for safer places following the latest Terra collapse and other warning signs.
GameFi News June 29, 2022 Project Twelve raises $8 million to build its Web3 gaming ecosystem and make game economy sustainable Project Twelve (P12), which operates its own metaverse editor, has closed a new $8 million funding round. The company will allocate the money to develop its own Web3 gaming ecosystem and make the game economy sustainable. One of the goals is to remove the widespread for-profit model.
GameFi News June 28, 2022 STEPN’s reward token plunges 98% in two months while its move-to-earn rivals on rise STEPN, the most famous move-to-earn app globally, has seen its reward token drop almost 100% in the last two months. This might be due to the unsustainability of the product’s tokenomics. However, its rivals in the category have been on the rise for a while.
GameFi News June 27, 2022 Harmony places $1 million bounty to return $100 million in cryptocurrency stolen during latest attack Harmony, a blockchain protocol for Web3 apps and games like DeFi Kingdoms, has offered a $1 million bounty for the return of $100 million stolen during the latest bridge attack. However, some people think the reward is too low for hackers to consider taking it.
GameFi News June 24, 2022 Axie Infinity to reimburse victims of $625 million hack, with Ethereum down over 60% ever since Sky Mavis has pledged to reimburse Axie Infinity players affected by the $625 million hack no later than next week. However, the announcement came in the wake of the latest crypto market crash, which sent the Ethereum price to the downfall.
GameFi News June 23, 2022 Square Enix wants to create ‘story-focused’ NFTs as part of its blockchain expansion Square Enix has once again opened up about its blockchain ambitions. The Japanese publisher plans to create NFTs that will be integrated into its games and will focus on story.
GameFi News June 23, 2022 1confirmation launches $100 million NFT fund focused on games, art, and photography Venture firm 1confirmation has launched a new $100 million fund for NFT projects. The company will invest in gaming, art, and other startups, with the main focus on new projects.
GameFi News June 22, 2022 Manticore Games allows NFT projects on its metaverse platform Core, launches blockchain API Epic Games-backed metaverse platform Core has started its expansion into the blockchain space. Manticore Games launched its own API that allows creators to make games and other interactive experiences based on their NFT collections.
GameFi News June 22, 2022 Meta, Microsoft, Epic Games, and 33 other tech giants form metaverse standards body 36 tech giants, including Epic Games, Microsoft, and Meta, have formed a special group for the open metaverse. They will cooperate to accelerate the development of standards needed to build and deploy digital worlds compatible with each other.