Crypto giant Animoca Brands, now valued at $6 billion, is preparing for a new $100 million funding. The round will be led by Temasek, a Singapore’s state investment fund with net portfolio value of hundreds of billions of dollars.

Sandeep Nailwal, co-founder of Polygon, has started a new venture capital fund titled Symbolic Capital. The company will focus on startups from emerging markets and help bolster the mass adoption of Web3 globally.

Xbox head Phil Spencer has shared his thoughts on the latest trends in GameFi. He expressed his concerns about the play-to-earn model and explained why a lot of gamers now don’t like the concept of the metaverse.

MatchboxDAO, a community of on-chain game developers, has raised $7.5 million at a $50 million valuation. The team will promote development on Ethereum scaling platform StarkNet and build infrastructure for on-chain titles.

PlayNFT has raised over $300k for its new cross-chain platform. It will let Twitch and YouTube streamers create their own NFTs that can be used in blockchain games. However, the project leaves more questions than answers about the way it works and titles it supports.

Animoca Brands and its subsidiary Lympo have announced a partnership with chess digital services provider Play Magnus Group. Together, the three companies are working on Anichess, a play-and-earn game that is said to “merge the worlds of chess and GameFi.”

Richard Garriot’s new NFT MMO game, announced a few months ago, now has a name and an official website. The upcoming project involving the Ultima creator encourages future players to buy digital land pots “in the realm of Lord British.”

India-based Web3 startup Lysto has raised $12 million to improve its protocol for on-chain credentials. The company’s main goal is to standardize the reputation of users playing different blockchain games and participating in online tournaments.

South Korean developer and publisher Neowiz Corporation has announced its decision to step into the blockchain field. As part of this strategy, the company teamed up with Polygon to launch gaming platform Intella X and bring some of its IPs to Web3.

Chinese tech giant Tencent has participated in a £15 million ($18.3 million) funding round for Hadean, a British startup building virtual worlds and its own metaverse platform. Other investors include a CIA-backed fund and the British government.

Yuga Labs’ upcoming metaverse The Otherside is gaining momentum as secondary market sales of its Otherdeed NFT land plots have now surpassed $1 billion. Here are the key details about the ambitious project and what it has to offer players.

Gunzilla Games has closed a $46 million round for its GunZ, a blockchain-based marketplace supporting NFTs. It will be the foundation of the company’s Neill Blomkamp-directed battle royale Off the Grid, allowing players to purchase in-game assets and take them out of the game.

Blockchain horse racing game ZED RUN has announced that its new lending system is on the way. Players will be able to lend and borrow virtual mounts to participate in events and get access to special rewards. This feature should offer the first instance of utility for the game’s new ZED Token.

Halliday wants to lower the entry barrier to blockchain gaming. The startup has raised $6 million to offer players “buy now, pay later” NFTs, so they could claim ownership of in-game assets and pay for them over time.

Voyager Digital, a crypto broker with somewhere between $1 billion and $10 billion in assets, filed for bankruptcy in July. The company has now received court approval to return hundreds of millions of dollars to affected clients. 

Solana is the latest victim of a crypto hack. An unknown attacker has drained thousands of internet-connected wallets, stealing millions in tokens. The hack is now being blamed on a supply chain attack on iOS and Android.

The general interest in blockchain games is growing globally, according to a new survey by Newzoo. However, developers must better educate players and remove barriers that prevent mass adoption of Web3 gaming.

Mobile developer Playstudios has opened a blockchain division to provide players with more reward opportunities with new engaging experiences. On top of that, the company launched a special fund focused on Web3 projects.

New blockchain startup AO Labs has closed a $4.5 million seed round. The company wants to create an ever-evolving platform for blockchain games titled Spacebar. The goal is to make it community-driven and open source.