VC Roundup: Web3 infrastructure developers attract major investors
Venture capital from Pantera, Coinbase Ventures, Alameda Research, ConsenSys and Crypto.com is making its way to Web3 projects. Despite extreme volatility in the price of crypto assets, venture funds continue to make strategic investments in the industry. In recent weeks, the focus has shifted to infrastructure developers in Web3, play-to-earn and GameFi — nascent industries that still have significant upside ahead.Cointelegraph’s latest VC Roundup provides a rundown of funding stories that didn’t get front-page coverage but still generated significant interest from the venture capital....
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Crypto gaming isn’t working. Developers need to focus more on fundamentals and less on cosmetics in order to fix it. What we have today in terms of Web3 gaming is not working. Play-to-earn has not worked and neither will play-to-earn or any X-to/and-earn. On top of that, traditional gamers view nonfungible tokens (NFTs) with suspicion. They dunk on expensive apes and are skeptical of large game publishers applying the lipstick of NFTs for further monetization.Nobody knows what a successful Web3 game will look like yet. To get there, we need more developers to experiment with more models.....
The Web3 infrastructure race heats up as more providers compete with each other, which indicates a healthy decentralization of the Web3 ecosystem. People interact with open-source applications like MetaMask, Web3 games, the metaverse and DeFi protocols every day but don’t often stop to think about what happens in the background for it all to work. If we think of Web3 as a burgeoning new city, node infrastructure providers are the underlying power grid that makes operations possible.All DApps need to communicate with blockchains, and full nodes serve billions of requests from DApps to read....
GameSwift is a one-stop gaming ecosystem that aims to introduce cross-chain interoperability to web3 gaming. Chain, Web3 Infrastructure, Platform, and Gaming Studio are the four well-designed and integrated pillars of the ecosystem. Its original infrastructure facilitates implementing blockchain technology and sharing in-game resources for game developers and lets the players enjoy their gaming experience to the fullest.
Wojciech Gruszka, the Founder and CEO of GameSwift, is commonly known on Twitter as PanParagraf. He recently joined the Bitcoin.com News Podcast to talk about....
WWVentures, Shardeum, Myna Swap, Antic, Juno, Zerion and thirdweb attract venture capital interest in latest funding blitz. Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, more targeted investments in the sector. In this week’s Venture Capital (VC) Roundup, we chronicle the latest Web3 funding initiatives and draw attention to a sharding platform, nonfungible token (NFT) marketplace, crypto banking solution and co-ownership infrastructure....
Google is rolling out a new blockchain node engine for web3 devs this week, according to a press release on Thursday. This latest initiative from the powerhouse tech firm reflects a continued investment into web3 infrastructure, and looks to be another stepping-stone ‘win’ for the company in building goodwill with web3 developers. What It Is […]