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The convergence of Web2 Gaming and Web3 Gaming has been marked by initial clashes, generating significant discussion. Coupled with a prolonged bear market, unfavorable macroeconomic conditions, and reduced venture capital investment, the initial boom of Web3 Gaming in 2021 has largely subsided to the present day. => See an overview
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Proof of Play, founded by a co-creator of Zynga's FarmVille, has announced a successful fundraising round of $33 million for their blockchain game Pirate Nation, led by Andreessen Horowitz and Greenoaks Capital. Amitt Mahajan stated that they will utilize the funds to expand their technological capabilities, aiming to
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Hashflow ($HFT) has launched an innovative decentralized exchange (DEX) that promises interactive, slippage-free trading protected by MEV. In September 2023, Hashflow introduced Hashverse, aiming to gamify the experience of cryptocurrency trading and DAO governance, incentivizing players to earn XP and dominate leaderboards. Hashflow Achieves Over $11 Billion in Total Trading
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Overdare, a new NFT game aiming to deliver a Roblox-like gaming experience within an open-world metaverse, is being built on the Settlus blockchain. Krafton, the renowned South Korean game studio famous for producing the popular battle royale shooter PUBG, has announced their upcoming NFT metaverse project named Overdare, providing a
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Saudi Arabia has intensified efforts to diversify its economy under the ambitious Vision 2030 initiative, moving away from reliance on oil revenues. In a push to diversify the economy, the kingdom has embraced emerging technologies like blockchain and artificial intelligence (AI), while tapping into booming markets such as electronic gaming.
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On September 7, 2023, Google updated its policies to permit advertisements related to blockchain games using NFTs. Alongside this, Google outlined restrictions on crypto games involving gambling or rewards through staking. This advertising policy update will take effect on September 15, 2023, marking the tech giant's next step
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Yuga Labs, the organization behind the NFT collection Bored Ape Yacht Club, announced this week the upcoming beta release of Legends of the Mara (LotM) set to launch in September, available to holders of Otherdeed NFTs. According to the company, Legends of the Mara is a collection-based 2D strategy game,
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Zynga, a prominent mobile game publisher and developer under the ownership of Take-Two Interactive Software, has unveiled its first Web3 platform and game called Sugartown. With this release, Zynga becomes the first major mobile game developer to create a Web3 game from scratch. Sugartown is built on the Ethereum network,
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Video game developer Inworld AI has concluded its latest funding round, raising the company's total valuation to $500 million. Previous reports indicated a raise of $30 million, but in reality, the company secured over $50 million. Ilya Gelfenbeyn, co-founder of Inworld AI, stated, "We have a long-term
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CyberKongz is transferring its Play and Kollect NFT game from Polygon to Ronin, with plans for a second game on Ronin in progress. CyberKongz has evolved into a prominent NFT brand with a total transaction volume of $210 million across their four largest collections. Now, the project's team
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Delabs Games, a game studio in collaboration with South Korea's 4:33 Creative Lab, will debut on the Polygon network. Recently, the studio secured $4.7 million led by Hashed Fund to continue its journey into Web3 gaming. As part of this process, the company announced an upcoming
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Futureverse, a technology and gaming startup, has secured $54 million in Series A funding to advance their metaverse goals. Leading this funding round are 10T Holdings and Ripple Labs, signaling strong support from major players in the crypto space. In a statement, Futureverse announced plans to use the funds for