Animoca, WeMade, Samsung Next back Web3 studio to develop open-source games
The company plans to use the funds to build a gaming ecosystem based on Libplanet blockchain technology. Community-driven gaming firm, Planetarium Labs, has raised $32 million in Series A funding, backed by Animoca Brands, Samsung Next and WeMade. The funds will be used to build a blockchain-based gaming ecosystem in which players can participate in the game network while also allowing members of the community a seat at the table.According to the announcement on Thursday, the firm is developing a gaming environment based on Libplanet blockchain technology, allowing gamers to join the game....
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Gaming venture capital firm Konvoy launches new $150 million fund, with a portion set to be invested in cryptocurrency and blockchain-based games. Venture capital firm Konvoy Ventures is set to fork out at least $30 million to back various cryptocurrency and blockchain-based games.The American firm announced the launch of Konvoy Fund III, with $150 million in capital that it plans to invest in a variety of platforms and technologies in the global gaming sector. According to Bloomberg, up to 30% ($45 million) of the fund will be allocated to the crypto and blockchain gaming space.Konvoy is....
Web3 and blockchain gaming firm Gala Games partnered with Animoca Brands to boost its native token. The companies joined forces to develop the altcoin and enhance users’ experience. Nonetheless, GALA has faced a 6.7% price decline following the news. Related Reading: FET Drops 9% As ASI Token Merger Phase 1 Kicks Off Gala Games To Boost User Experience On Wednesday, Gala Games announced its partnership with Hong Kong-based game software and Venture Capital company. The collaboration aims to enhance the token experience for users. The Web3 and blockchain gaming platform focuses on video....
PRESS RELEASE. Iskra, a web3 community game platform that raised $40M from Korean tech giants Krust, Wemade, Netmarble, LINE Studio and others, plans to hold its first Token Generation Event (TGE) on global exchange Gate.io. The TGE is scheduled for Thursday, September 29, 2022, at 9:00 am UTC.
This TGE is one of the project’s significant milestones, and is proud to partner with an exchange like Gate.io to establish its ISK token value and provide access globally. Despite challenging market conditions, Iskra continues to progress with its development milestones and launch....
The NFT and Metaverse investment firm plans to continue building out its REVV Motorsport ecosystem with a Metaverse-first approach. Gaming and venture capital firm Animoca Brands has completed its landmark acquisition of Eden Games, publishers of the Gear.Club, Test Drive series, and other popular racing games.Eden Games is a France-based firm that was founded in 1998. Engine Gaming and Media sold its 96% stake in the company to Animoca for $15.3 million on April 7.With the acquisition, Animoca plans to enhance its REVV Motorsport (REVV) ecosystem by taking a “Metaverse first approach” to....
Samsung has taken another giant stride forward in terms of innovation by incorporating an NFT marketplace into its new line of smart TVs, allowing consumers to experience some of the Web3 fervor from the comfort of their own homes. Nifty Gateway, the leading marketplace for NFTs, announced a deal with South Korean technology giant Samsung […]