Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore's state-owned investor Temasek. Animoca announced on Thursday that it closed a strategic funding round of $110 million from the issuance of convertible notes to a small number of institutional investors. Completed at a conversion price of 4.5 Australian dollars, or about $3, the new round values Animoca similarly to its previous funding round, the firm said. The notes round included new investors like Temasek, the private equity firm Boyu Capital and the global venture capital firm GGV Capital. …
The rise of blockchain-based play-to-earn (P2E) gaming was one of the leading stories in 2021 as games such as Axie Infinity exploded in popularity and players realized that they could make life-changing amounts of money while also having fun. According to data from Footprint Analytics, the Ethereum network remains the leader when it comes to the number of games launched on-chain, but persistently high fees and network congestion have pushed a growing number of players to layer-2, cross-chain, bridge-supporting networks and competing blockchains that offer lower-cost transactions costs. Here’s a look at a few non-Ethereum blockchain networks that are gaining …
Sky Mavis, developers of the popular play-to-earn (P2E) nonfungible token (NFT) game Axie Infinity have announced that the Ronin bridge is back online three months after it was hacked for more than $600 million. The Ronin bridge is an Ethereum sidechain built for Axie Infinity, and it enables users to transfer assets between the sidechain and the Ethereum mainnet. On March 29, 173,600 Ether (ETH) and 25.5 million USD Coin (USDC) was drained from the bridge after hackers managed to gain access to private validator keys. The hack was worth more than $620 million at the time. According to the …
Kevin Shao, Executive President of the Asia Blockchain Gaming Alliance (ABGA) says he’s holding out hope for three “triple-A” blockchain gaming titles that could help propel GameFi into the mainstream and rescue it from the bear market. Speaking to Cointelegraph during Asia Crypto Week, the Executive President said one obstacle preventing mainstream adoption is current GameFi titles often have a focus on non-fungible tokens (NFTs) and play-to-earn (P2E) features without caring about “game performance,” and users' enjoyment. In a P2E model, gamers typically buy an NFT in order to play the game and can win gaming tokens which can then …
MatchBoxDAO — a collective of developers, artists and designers building on-chain gaming infrastructure with StarkNet — has announced the launch of MatchBox Arena, an esports experience specifically designed for developer participation. Dubbing it the “World Cup of the Web3 companies,” the team said the gaming tournament is designed to find out which company has the best technical team. We are finally launching: "Matchbox Arena"✨ With the "Battle of Titans" as the first CTF competition released on the platform, we'll officially release "Matchbox Arena" tomorrow where the players will be able to upload their code.https://t.co/vGbEuyzus0 More info below — MatchboxDAO (@matchbox_dao) …