Gaming
Animoca Brands and Hex Trust Partner to Provide Institutional-Grade Wallets for GameFi
Hex Trust will offer financial services to users of Animoca Brands’ ecosystem.
Grayscale Says Metaverse Is a Trillion-Dollar Market Opportunity
Revenue from virtual gaming worlds could grow to $400 billion in 2025.
SHIB Slumps as Large Holders Take Profits
Although retail traders’ interest in the token remains strong, an increasing number of wallets with significant holdings have reduced their SHIB positions.
Blockade Games Raises $5M Round at $23M Valuation From Animoca Brands, Others
The round was led by metaverse and NFT stalwart Animoca Brands.
Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela
As they have in the Philippines, some players are making enough money to feed their families.
Morgan Stanley: Luxury NFT Market Could Hit $56B by 2030
According to last week's research note from Morgan Stanley, metaverse gaming and non-fungible tokens (NFTs) could represent a revenue opportunity of $56 billion for the luxury market by 2030. The bank expects the total NFT market to grow to $300 billion by that year. Meanwhile, Mogran Stanley says Facebook stock is the best way to get exposure in Metaverse, adding that it's “all upside and would be another layer-cake of multi-year monetization.” The Hash" squad discusses the outlook for the luxury sector as it increasingly collides with the world of crypto.
Former Tron Exec Launches Play-to-Earn ‘Mafia’ Game With Twitch Co-Founder’s Backing
The free-to-play “Syn City” is backed by some of the Web 3 gaming industry’s biggest investors.
Big Money Apes Into Blockchain Gaming With $725M Fundraising for Forte
Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services.
FTX, Lightspeed, Solana Ventures to Invest $100M in Web 3 Gaming
FTX, Lightspeed Venture Partners, and Solana Ventures are investing $100 million in Web 3 gaming development. The funding will go towards gaming studios and technology integrating the Solana blockchain into video games on desktop and mobile platforms. The Hash" group discusses the implications for the initiative, one of the largest capital investments ever in the growing Web 3 gaming space.
A16z Leads $150M Round for NFT Game Platform Mythical Games at $1.25B Valuation
The startup has launched its own play-to-earn game and plans to license the technology to other developers.
