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Web3 gaming community platform Earn Alliance is about to launch on Base

Web3 gaming community platform Earn Alliance is about to launch Base. The platform completed a $4.75 million seed round of financing last year, led by CoinFund and FabricVentures, with participation from BlockchainCoinvestors, MADWorldVentures, and angel investors.

Gold Fever partners with Aethir to expand reach with decentralized cloud gaming infrastructure

Gold Fever, a decentralized game with an innovative economic infrastructure, has partnered with Aethir, a pioneer in Decentralized Cloud Infrastructure (DCI) for gaming and AI. This collaboration will enable Gold Fever to be accessible on any device, anywhere, at any time, thanks to Aethir's advanced decentralized cloud gaming infrastructure. The integration aims to expand Gold Fever's potential market to 2.8 billion players worldwide, and onboarding these players will involve burning NGL tokens as an in-game right. The partnership between Gold Fever and Aethir is expected to bring groundbreaking innovations to the Web3 gaming sector, enhancing the gaming experience for both players and developers. Aethir provides cloud-based GPU resources with low latency, making it an essential infrastructure solution for the AI and gaming industries.

Matr1x Secures $10M Funding Boost for Mobile Gaming and NFTs

Matr1x, a Singaporean NFT gaming company, has secured an additional $10 million in funding, bringing its total capital value to $20 million. The funding round was led by Folius Ventures and SevenX, with participation from ABCDE Capital, Jambo, Initiate Capital, and the creators of the move-to-earn NFT game Stepn. Matr1x's flagship product is a first-person shooter mobile game called Matr1x Fire, which is still in development, and the company has also released two NFT projects with plans for a third collection. With this new funding, Matr1x is poised for a breakthrough in the gaming and NFT industries.

ABCDE : Why We Invest in Matr1x?

It’s not difficult to see, from the recent blockchain conferences like ETHCC, that the blockchain industry is once again entering a “cold winter” in terms of narrative (except for the flourishing Bitcoin ecosystem). Currently, funds and projects are mainly focused on infrastructure, including modular public chains, MEV, AA wallets, ZK, etc. However, there is a lack of new growth narratives, especially in the narrative of large-scale user adoption and conversion.
ABCDE : Why We Invest in Matr1x?

Blade of God X will be released on the Web3 game distribution platform Xterio and the Immutable public chain

Blade of God X (BOG X), a 3A-grade action game with 6 million game users, will launch its Web3 version.BOG X will be released on the Web3 game distribution platform Xterio and has received official support from Immutable.Blade of God X (BOG X) is a 3A-grade action RPG that uses AI reinforcement learning and AI Agent to simulate battles. It provides new solutions for the infrastructure construction and use of AI in large GameFi games and has won multiple awards, including the 2023 Huawei AI Cloud Game Changer Awards.

Financial Struggles and Chain Switching Plague Web3 Gaming Industry

Financial difficulties in the blockchain gaming industry led to the suspension of 157 games in 2022 and 43 in 2023, with most of the affected games being from small studios lacking significant funding. Indie games still make up the majority of Web3 games, accounting for 42% of the total. The number of blockchain networks for gaming increased from 37 in 2022 to 53 in 2023, resulting in more competition among developers and blockchains. The top three networks used by blockchain games are Polygon, Binance's BNB Chain, and Ethereum's mainnet. Some developers have switched to other chains with lower costs, while others have moved due to broader market and regulatory concerns.

Yee-Haw Monster Trucks Raises $3.3M to Develop Ethereum Blockchain-Based Virtual World, The Citadel

Los Angeles-based gaming studio Yee-Haw Monster Trucks has secured $3.3m in seed funding to continue developing The Citadel, a sci-fi virtual world built entirely on the Ethereum blockchain. The game will be governed by its community of players and will use decentralized and fully open source architecture. The Citadel will host all of its game state, assets, and logic directly on blockchain smart contracts instead of conventional server-based architecture. Yee-Haw Monster Trucks plans to launch a public playtest for The Citadel soon and is currently hiring artists and engineers.

Blockchain game Illuvium will be available on Epic Games Store

The blockchain game Illuvium will be available on the Epic Games Store on November 28th.

Chain game Citadel received US$3.3 million in seed round financing, led by 1kx

Blockchain gaming company Citadel has raised $3.3 million in seed funding, led by 1kx with participation from Shima Capital, Hashed, Matchbox DAO, Ready Player DAO, and several angel investors.

October Web3 Gaming Industry Faces User Acquisition Challenges Despite Market Cap Growth

October Web3 Gaming Industry Faces User Acquisition Challenges Despite Market Cap Growth
October Web3 Gaming Industry Faces User Acquisition Challenges Despite Market Cap Growth