Gaming

Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the metaverse, announced Monday that its Co-Founder and Executive Chairman Yat Siu has been appointed to the task force on promoting Web3 Development newly established by the government of the Hong Kong Special Administrative Region.

Hong Kong-based gaming firm Animoca Brands has on Wednesday announced that it has joined the United States-based blockchain ecosystem Celo to accelerate Web3 adoption with sustainability and social impact.

Anichess, a subsidiary of Hong Kong-based gaming firm Animoca Brands, has on Thursday announced the completion of an oversubscribed seed round that raised $1.5 million from investors including GameFiVentures, Coin Operated Group, Koda Capital, Bing Ventures, 708 Capital, Asymmetry Capital, and others.

Decentralised Gaming Ventures, a Singapore-based web3 game venture builder, has on Thursday announced a seven-figure investment round led by Korean venture fund, Hashed.

HighXP, an India-based casual gaming studio building social games, has raised $2.2 million in seed funding. The funding was led by 3one4 Capital with participation from Prime Venture Partners and Gemba Capital.

New York-listed Sea launched Sea Capital in March 2021 with initial capital of $1 billion after buying Hong Kong's Composite Capital Management.

Singapore-based avatar communications company GoodGang Labs has on Thursday announced that it has successfully raised $2 million in seed funding from Kakao Investment, a subsidiary of the prominent South Korean tech giant.

Forj, an Animoca Brands subsidiary and a Web3 technology firm, has been granted approval from the ApeCoin DAO to launch Ape Accelerator, an incubation platform for the Bored Ape Yacht Club (BAYC) community.

VNG Games, the gaming publishing unit of Vietnamese tech giant VNG Corporation, has continued its international expansion with its new offices in Taipei with thirty-five employees. Taipei is the next city for VNGGames to establish a publishing presence after Bangkok, Kuala Lumpur, Jakarta, Shanghai, and Beijing.

Monetization plays a crucial role in the mobile gaming industry, as it is the primary way developers generate revenue. While many mobile games are free to download and play, developers can monetize their games by offering in-app purchases, display ads, or a combination of both.