Animoca Brands to raise $100 million in new round led by Singapore’s state fund Temasek
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.
Phil Spencer explains his cautiousness about P2E games: “It creates a worker force out of players”
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.
Crypto gaming DAO Matchbox raises $7.5 million to become ‘on-chain version of Unreal Engine’
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 launches platform allowing streamers to create NFTs with in-game utility
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 bring chess to blockchain in new Web3 game Anichess
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.”
Ultima creator Richard Garriot unveils Web3 MMO Iron & Magic, urges players to buy NFT land
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.”
Lysto raises $12 million to standardize gamer reputation through on-chain credentials
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.
Neowiz launches Polygon-based gaming platform Intella X to bring its traditional games to Web3
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.
Metaverse company Hadean raises $18 million from Tencent and CIA-backed fund
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.
Land plot NFTs for Yuga Labs’ metaverse The Otherside surpass $1 billion in secondary market sales volume
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 raises $46 million to integrate NFT marketplace into its cyberpunk battle royale Off the Grid
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.
ZED RUN to allow virtual horses lending as first instance of utility for its ZED token
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 raises $6 million to integrate ‘buy now, pay later’ NFTs into blockchain games
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.
Bankrupt crypto broker Voyager Digital secures approval to return $270 million to affected clients
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.
40% of players in US, UK, and Indonesia show interest in blockchain games but need less risks and more knowledge
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.
Playstudios steps into Web3 field, launches blockchain division and $10 million fund
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.