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.
Create-to-earn economy explained: what to know about Bisonic’s Web3 MMORPG Forgotten Runiverse
Bisonic has launched the first playable demo of its upcoming Web3 MMORPG based on the Forgotten Runes Wizard’s Cult NFT collection. Titled Forgotten Runiverse, the game utilizes the so-called “create-to-earn” model, tokenizing every digital item and providing players with more UGC opportunities.
Admix merges with The Sandbox largest builder LandVault to form $300 million metaverse company
Game monetization and advertising platform Admix has announced its merger with LandValut, which builds virtual experiences on platforms like The Sandbox. Together, they will form a new metaverse company with a valuation of $300 million.
Animoca Brands snaps up TinyTap for $38 million to mix blockchain with educational UGC
Animoca Brands has acquired a majority stake in TinyTap, a platform that allows users to create educational games. The $38.8 million deal should help the Hong Kong-based company gain its foothold in the area of blockchain-based educational UGC.
Animoca Brands and The Sandbox backer TGV closes $146 million fund for Web3 startups
VC firm True Global Ventures (TGV), which has already backed blockchain companies like The Sandbox and Animoca Brands, has announced the first closure of its $146 million follow-on fund. It will support late-stage Web3 startups, including gaming ones.
Uncorrelated demand, time-limited events, and other things blockchain games can learn from Genshin Impact
Blockchain games have been attracting investors’ attention for a while now, but they usually struggle to retain players and keep the engagement level high. So here are 5 things that crypto developers can learn from free-to-play hits like Genshin Impact to improve their projects.
Playful Studios raises $46 million for Wildcard, Web3 hybrid of MOBA, RTS, and CCG genres
Playful Studios has raised $46 million to launch The Wildcard Alliance subsidiary and bring fun into Web3 gaming. The team is now working on blockchain-based title Wildcard, which combines elements of MOBA, RTS, and collectible card games.
‘Snow Crash’ author Neal Stephenson steps into Web3 by announcing ‘truly open metaverse’ LAMINA1
Neal Stephenson is known for defining the term “Metaverse” in his cyberpunk novel “Snow Crash” back in the early 90s. The writer has now decided to bring his own vision of this concept to life by announcing a new project titled LAMINA1 aimed at helping creators realize their ideas.
Citigroup expects metaverse industry to reach up to $13 trillion by 2030 despite skepticism
Metaverse has become the buzzword for tech companies and startups across the globe over the last year. Despite the skepticism around this sector remaining high, some analysts think that it might turn into a $13 trillion industry by the end of this decade.
Gala Games makes $20 million deal with Unity to build VOXverse aka blockchain version of Minecraft
Gala Games has announced a partnership with Unity to drive the creation of the upcoming social metaverse titled VOXverse. The Sims creator Will Wright is also involved in the development of the project, which is described as a blockchain version of Minecraft.
Ryu Games announces Flame store dubbed “Steam for Web3” and led by Steam founder Rick Ellis
Blockchain startup Ryu Games has announced its own store Flame, which is described as Steam for Web3. The company also hired former Valve engineer Rick Ellis, who is known as the founder of the biggest distribution platform for PC gaming.
Animoca Brands acquires Notre Game to integrate NFTs into physical-virtual hybrid game model
Animoca Brands has completed the acquisition of Notre Game, a Czech studio behind mobile card game Scratch Wars. It will develop a new P2E title based on its business model combining digital and physical experiences.
Solana launches $100 million fund with focus on GameFi and NFT projects in South Korea
Solana has decided to invest in the South Korean crypto market following the recent Terra collapse. The blockchain platform has established a $100 million fund to back the country’s Web3 startups, including the ones developing NFT and GameFi projects.
Epic Games ready to sue Fortnite Token creators, with Tim Sweeney calling this cryptocurrency scam
Tim Sweeney has criticized the so-called “Fortnite Token,” a cryptocurrency named after Epic Games’ battle royale. He called it a scam, warning that his company is now preparing legal action against it. However, the Fortnite Token creators argued that it was a “fair-launch” and “fans-created” project.
Supercell makes first investment in NFT gaming, backing Web3 developer Oxalis Games
Supercell has made its first step into the blockchain gaming field. The Clash Royale maker has participated in a $4.5 million funding round raised by UK-based studio Oxalis Games, which claims to “redefine people’s perception of crypto games.”
Animoca Brands owns $1.5 billion worth of blockchain gaming assets, with its bookings reaching almost $580 million
Animoca Brands has shared its latest unaudited financial report. The company, which owns games like The Sandbox and Phantom Galaxies, stated that it now holds $1.5 billion in crypto and blockchain gaming assets.
Gala’s battle royale GRIT to become first NFT game on Epic Games Store as it pledges to bring Web3 into mainstream
Blockchain gaming platform Gala Games has announced its partnership with Epic Games as part of its strategy to bring Web3 into the mainstream. The company’s upcoming battle royale GRIT will become the first NFT game on the Fortnite maker’s store.
Hackers steal $380k worth of NFTs after compromising Bored Ape Yacht Club’s Discord server
Yuga Labs has suffered another attack on its Discord server. As a result, hackers managed to steal around $380k worth of Bored Apes NFTs, with the project’s founder later blaming Discord for the lack of security.