Esports, gaming and interactive media investment platform Bitkraft VC has established a $75-million token fund for investing in blockchain gaming and digital entertainment. The fund uses a “stage-agnostic” strategy, meaning that it will put money in companies and startups at any business development stage. Apart from equity investment, the token fund will also invest in cryptocurrencies and nonfungible tokens (NFT). In order to provide regulated investment opportunities, Bitkraft received an investment advisor registration from the United States Securities and Exchange Commission in June 2021. The new token fund is led by Piers Kicks, a founding partner in the investment arm …
Naspers, the largest shareholder of Chinese Internet giant Tencent, has participated in a $15 million investment in blockchain game developer Immutable. Key investors Immutable, a Sydney-based blockchain gaming startup, completed a new funding round led by Naspers and Galaxy Digital EOS VC Fund, the company announced in a blog post on Sept. 23. As reported by the Australian Financial Review (AFR), other investors also included Sydney-based VC firm Reinventure and American private investment firm Apex Capital. Scaling from 13,000 to 1 million gamers projected According to the report, Immutable's flagship game Gods Unchained has made more than $4.5 million in …
Crypto game developer 0xGames, creator of blockchain-based space strategy 0xUniverse has created a new multi-blockchain competitive battler, titled 0xWarriors. The company says that 0xWarriors is one of the first multi-blockchain based games where players can use different blockchains, starting with EOS and Ethereum, for interactions with each other and equipping their characters. EOS sword and ETH shield 0xWarriors is a multiplayer game where users can fight, take part in weekly tournaments and equip themselves with different items that they collect or trade in an internal marketplace. 0xGames announced that 0xWarriors will be launched on the EOS platform first, and the …
In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies, and complete daily quests. They are also NFTs can be bred (minted), bought, and sold freely. ✨A Genesis Land Plot just sold for 550 ETH! That's over 2.3 M USD! Our player-owned Digital nation continues to shock the world pic.twitter.com/SVvAtFNYUF — Axie Infinity (@AxieInfinity) November 24, 2021 The game takes place in the world of Lunacia that Axies inhabit. It …
This week on “The Market Report,” we jump right into our main event. Join Cointelegraph analysts Benton Yaun, Jordan Finneseth, Sam Bourgi and Ornella Hernández as they debate each other on the top metaverse projects on the market. First up, we’ve got Bourgi’s pick of Wilder World, which allows you to interact with its immersive 3D world via nonfungible tokens (NFTs) and is also based on the massively popular Unreal Engine 5. Following Bourgi, we have The Market Report first-timer Hernández, who has decided to go with Boson Portal, which aims to revolutionize metaverse commerce. Will its high-profile partners such …