Web3 gaming and entertainment company Metatheory founded by Twitch co-founder Kevin Lin has raised $24 million in a Series A funding round on Monday. The round was led by crypto capital venture firm Andreessen Horowitz (a16z), with participation from Pantera Capital, the venture arm of the FTX cryptocurrency exchange, FTX Ventures, and other venture firms, according to the announcement. Metatheory was launched in November 2021 around one year after Lin left Twitch, where he wrote in a Medium article at the time that he was creating the gaming company and also a blockchain game called DuskBreakers. Lin was quoted in …

One of the most significant issues content creators and artists face today is a lack of control regarding their overall content. Platforms like YouTube and Twitch constantly alter the rules when it comes to content uploads, forcing users to cater to these new algorithms if they wish to succeed. Instead of media conglomerates owning and controlling content, creators posit a different idea — that media organizations should be owned by creators and consumers rather than third-party intermediaries. Such a view is standard in the Web3 space, and fortunately, decentralized technology such as blockchain and cryptocurrencies enable this future. And one …

Twitch co-founder Justin Kan launched a new blockchain gaming-focused NFT marketplace yesterday dubbed Fractal. Fractal’s Discord group has since amassed more than 111,000 members, despite only being announced two weeks ago. At the time of writing, it appears that the most significant sale on the platform so far was for a Baby Scoot NFT that went for 4 Solana (SOL) worth roughly $680. The Solana-based marketplace enables users to buy, trade and hold NFTs used in blockchain games. In an announcement made yesterday, the firm unveiled its first partnered blockchain games, including The Sandbox, Nyan Heroes, Caveworld and Genopets, to …

Twitch Rivals, an esports tournament host featuring Twitch streamers and pro gamers, has onboarded crypto trading platform Crypto.com as a global marketing and cryptocurrency platform partner. The multi-year partnership will see Crypto.com as an official partner of Twitch Rivals in the Asia-Pacific region, aiming to increase local crypto adoption in the esports landscape. According to Kris Marszalek, co-founder and CEO of Crypto.com: “With well-over 1 billion gamers worldwide, fans of gaming and esports are digital natives, for whom cryptocurrency is inevitable.” The deal also entitles Crypto.com to have category exclusivity, in-stream branded segments, media placement, and activations at Twitch events, …

By doing so, they have helped regular people become known celebrities, many of whom now hold more influence than TV networks and print media outlets. The same can be said for music streaming services like Spotify and iTunes, which now allow musicians to skip record label deals and simply upload their songs directly to platforms through services like DistroKid and others. While these are amazing feats, to say the least, the model still needs to be improved. According to Jack Cheng, co-founder of GazeTV — a blockchain-based social entertainment platform: “Content creators don’t have many choices until they are famous …

Amazon-owned streaming platform Twitch appears to be ramping up its crypto strategy. The site, which focuses primarily on video game livestreaming, is now offering users a 10% subscription discount when paying with cryptocurrency through the platform’s payment processor, BitPay. BitPay’s chief marketing officer, Bill Zielke, told Cointelegraph that out of the thousands of merchants the company works with, Twitch is the first major global brand to offer a crypto-based promotion. Zielke added: “We are seeing more online merchants interested in using crypto as a promotional payment form, which is exciting since most marketing payment options are mainly reserved for alternative …

A Czech farm has set up a 24-hour live stream where viewers can instantly convert their crypto change into sheep food. Upon payment, alfalfa pellets are dispensed directly into the flock’s feeding tray, allowing viewers to watch the delighted lambs gobble down their treats in real-time. Tanglesheep’s Shed streams 24 hours a day on YouTube and Twitch, however, feeding hours are strictly between 8:00 and 20:00 CET. The stream features three different angles of the sheep enclosure, in addition to headshots of the eight adopted sheep that star in the show. Crypto donations used to fund animal rescue The Tanglesheep’s …

Mobile payments service MenaPay announced support for Twitch tipping with their MenaCash stablecoin. Blockchain-based payments service MenaPay updated its mobile app to add support for Twitch donations, according to a press release shared with Cointelegraph Turkey on Dec. 27. Twitch viewers are now able to use their MenaPay mobile app to tip their favorite Twitch players while watching their streams with MenaCash, a USD-pegged stablecoin built by the same team. This move comes weeks after MenaPay let streamers use MenaPay app to collect donations on a blockchain-based environment. Per the release, the digital gaming industry grew into a giant online …

The blockchain-based decentralized internet browser Brave now allows Twitter users to tip content creators with its native Basic Attention Tokens (BAT). Brave discussed the public launch of its token tipping service in an announcement on Aug. 1, wherein users can reportedly specify the amount they wish to tip a given Twitter account, and the recipient will receive their tip in BAT directly. The announcement also lists a number of features associated with the tipping service, including setting up regularly recurring tips as well as a mechanism for tweeting at a tipped creator to tell them how to claim their donation. …

Amazon-owned, leading game streaming platform Twitch has enabled bitcoin (BTC) and bitcoin cash (BCH) payments again, Cointelegraph Brazil reports on June 25. As Cointelegraph reported at the time, in March Twitch quietly removed bitcoin and bitcoin cash as payment options for subscriptions by removing Bitpay as a payment method. Per the report, Bitpay has been enabled again as a payment processor on the platform. Bitcoin and bitcoin cash can be found as payment options in the section dedicated to the less common payment methods of the subscription payment page. The renewed enabling of those coins as payment options has not …

Amazon-owned streaming service Twitch has evidently removed Bitcoin (BTC) and Bitcoin Cash (BCH) as payment options for subscriptions. The change was reported by a Reddit user on March 23. The user noted that Twitch had offered an option to pay with BTC and BCH employing BitPay as a payment processor, but has since “removed it in the last couple of weeks as a payment method for all countries.” One user, seemingly outraged, noted that they canceled all of their Twitch subscriptions and sent an assistance ticket to the company. On March 20, another Reddit user claimed that Streamlabs — a …

A “made for gaming” cryptocurrency has become the first-ever altcoin to be accepted by a major gaming platform – in what is being described as good news for developers and players alike. MobileGO (or MGO for short) has been picked up by Xsolla, a company which aims to help content creators launch, monetize, and market titles. The collaboration means the cryptocurrency is now available for use in more than 500 games – with more than 500 million players getting the chance to purchase titles and use the altcoin for in-game purchases. As part of the deal, developers will also be …