Crypto Fantasy Town, an upcoming blockchain game based on the mobile title of the same name, has closed a seed investment round. It is a social sim project, which also offers the NFT lending system to lower the cost of entry.

Sygnum is the first Swiss bank to have its own metaverse residency. The crypto company and virtual asset manager has announced the opening of a digital hub in Decentraland. It will feature an NFT gallery and space for virtual conferences.

Web3 game developer and publisher Xterio has raised $40 million in a new funding round. The Swiss company plans to build a social gaming platform and create free-to-play cross-platform blockchain titles based on its own IPs.

The ongoing crypto winter, which has wiped out almost $2 trillion in value from the market, has affected blockchain companies across the globe. This has resulted in nearly 5,000 people losing their jobs in recent months.

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.