Gaming

The answer is prioritizing fun, entertaining gameplay. It’s that simple, although it’s easier said than done. Landmark games like Axie Infinity have forged ahead as early innovators for the next era of gaming. But now the real work starts on how to build Web3 gaming into an industry with staying power.

Grease Monkey Games, an Australia-based multi-platform video game studio and subsidiary of Animoca Brands, announced Thursday that it has secured the exclusive rights to release licensed non-fungible tokens (NFTs) for Torque Drift 2 from aftermarket auto part brand Liberty Walk.

The popularity of mobile gaming creates an opportunity for users, developers and marketers all alike with in-app advertising.

The True Global Ventures (TGV) 4 Plus Fund and Follow On Fund have invested in total $38 million including $16 million of secondaries into Hong Kong-based Web 3 firm Animoca Brands during the second quarter and third quarter of 2022.

The Sandbox, a decentralized gaming virtual world and subsidiary of Hong Kong-based Animoca Brands, has announced its collaboration with Softstar Entertainment Inc. (Softstar), an iconic Taiwanese brand of classic personal computer (PC) games.

Animoca Brands, the Hong Kong-based blockchain gaming firm, announced Friday it will acquire WePlay Media Holdings LLC, the sole shareholder of XXL Racing LLC, an official licensee of MotoG™ , and WePlay Media LLC, the developer of the highly popular MotoGP™ Championship Quest.

The company’s main objective for the next 12 to 18 months is to achieve positive cash flow as soon as possible.

Game streaming is leading the charge of the recent proliferation of online content. An amalgamation of gaming and live streaming, the industry’s meteoric rise has been driven by the captivating nature of gaming itself – where its audio-visual simulation excites game streamers and audiences who wish to live vicariously through them. 

Animoca Brands Corporation Limited, the Hong Kong-based company advancing digital property rights for the open metaverse, announced Thursday that it has closed a strategic funding round for $110 million led by Temasek, Boyu Capital, GGV Capital.

ITSBLOC, a South Korea-based web 3.0 game platform, announced Wednesday that it successfully closed $7.5 million in an investment round. In particular, in institutional investment round, a total of eight institutions including Vista Labs, Nexus one, Edimus Capital, Atlas Capital, Bull&Bear, and three other institutions participated.