Gaming

The Sandbox, a decentralized gaming metaverse and a subsidiary of Animoca Brands, has committed $50 million to Brinc, a global venture accelerator, for The Sandbox Metaverse Accelerator Program, which will target 100 startups to enhance the open metaverse.

Refract has secured over $6 million to continue the development of its AXIS motion capture technology, following the creation of an extended reality (XR) game development division. The Series A funding round saw investment from a number of investors anchored by Sea Limited,

Slime Royale has announced a strategic investment and incubation support from Appota Group. The Appota Group's investment and companionship would help Slime Royale access Appota Group's ecosystem of more than 50 million users.Additionally, with their experience in game publishing, Appota Group will provide appropriate strategic advice to make Slime Royale…

Infinity Force announced its $5.5 million seed-funding raise led by Animoca Brands. Other participants in the round included JUMP Capital, Sky Vision Capital, OKex Blockdream Ventures, MEXC, GSR, Double Peak Group, Tokenbay, DWeb3, and more. It will use the new funding to further scale its functionality to facilitate onboarding games, guilds and players, as…

Ancient8 announced the completion of a $4 million round of seed financing led by Dragonfly Capital, Pantera Capital, and Hashed. The round also saw the participation from strategic backers including Mechanism Capital, Coinbase Ventures, Alameda Research, 3Twelve Capital, Coin98 Ventures, Kyros Ventures, Raydium, Jump Capital, GuildFi, Impossible Finance,…

Animoca Brands has completed a capital raise of $358.89 million at a pre-money valuation of $5 billion. The round was led by Liberty City Ventures, with other investors including 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group, ParaFi Capital, Provident,…

Funtap's unit Funverse Capital has launched its first $10 million-sized investment fund for blockchain-focused tech startups capable of driving profound impact on the fintech and gaming industry. In addition to capital funding ticket size of up to $1 million for each qualified project, Funverse Capital offers mentorship and accelerator programs which take…

The Sandbox has added multiple Hong Kong partners from the film, music, entertainment, acting, professional services, finance, real estate, and gaming sectors to create Mega City, a new cultural hub. Partners who acquired LAND to build Mega City in The Sandbox’s metaverse include Hong Kong tycoon Adrian Cheng, alternative investing leader Sun Hung Kai &…

Tencent’s voting power to be reduced below 10 percent following the transaction and proposed share conversion.

"I think the major trend nowadays is that Asian Market is entering a golden era of Play 2 Earn (P2E) games that kick-started because of Axie Infinity and we are super excited for the opportunities that it will bring to the industry."