The GameFi industry, the latest trend of last year, is on the agenda with a series of high-profile partnerships towards the new year. Venture firms, known only one month before 2023, continue to pour funds into game-oriented altcoin projects. Here are the hottest developments of the week…
Polygon-based game project completes funding round
Gaming project Swords of Blood, built on Polygon, has raised a total of $1,600,000 from a number of high-profile investors. Investors include Fundamental Labs, Gate.io Labs, and Master Ventures. According to the team, the funds will be spent on the development of the game and new tools.
Swords of Blood is the first AAA quality RPG game in the rapidly growing Blockchain segment. The game was developed by key figures from the legendary RPG Blade Bound, which puts mobile devices first. It has now reached more than 4 million downloads on Google Play and App Store.
Web3-focused altcoin project Oasys completes funding round with participation of Nexon
The Gamefi-focused Web3 Blockchain project has announced that it has completed its funding round led by VC firm Galaxy Interactive and gaming company Nexon. Companies such as Tura Presto Labs, MZ Web3 Fund, Hyperithm, Jets Capital, Jsquare, AAG, YJM Games and Chainguardians were among the investors. The undisclosed investment will allow the company to develop its ecosystem to bring blockchain games to the mainstream audiences.
📢We are happy to announce that #Oasys completed Strategic Funding Round with participation from Galaxy Interactive and Nexon, in addition to the completion of successful Public Token Sale🚀https://t.co/JVyQU6O12b
— Oasys🏝Blockchain for Games (@oasys_games) December 6, 2022
According to reports, Oasys’ token sale, which ended on December 4, reached its funding goal in less than 12 hours. Although Oasys is still in the mainnet launch phase, it has received participation from investors in 60 countries. Previously, the company had the support of companies such as Sega, Square Enix and Bandai Namco. Square Enix also reported in September that it is examining the development of blockchain games as part of a partnership with Oasys.
Atari collaborates with Pixels for print-on-demand NFT drawings
Video game company Atari has announced a new collaboration with printing company Pixels. This way, owners of the NFT collection Atari NFT will be able to physically store framed prints and posters. “There is no easier way to turn your NFT business into a physical art business,” Fine Art America CEO Sean Broihier said in a press release.
We’re excited to partner with Atari to show the NFT community what’s what. This is possible when you allow NFT holders to convert digital assets into physical products.
Wemade signed an MOU with Sandbox Network
Wemade has signed a Memorandum of Understanding to partner with Sandbox Network. The two companies also aim to work together on content, including creator marketing and NFT planning for Blockchain services provided by Wemade/WEMIX, such as DeFi and NFT.
News feed of the week starting December 5th cryptocoin.com We quoted it in this article. Meanwhile, Cardano (ADA) is preparing its new social media platform.
