Web3 Gaming Continues To Grow As More Partnerships Emerge
TL;DR:
- TSM and Blitz will be leveraging Avalanche’s blockchain technology to revolutionize the gaming industry, bringing player-first Web3 gaming products mainstream.
- Immutable has teamed up with game developer Mineloader to build a 2023 iteration of Guild of Guardians, a highly anticipated Web3 title with over 1 million pre-registrations.
- These partnerships signal a shift towards Web3 gaming and highlight the potential for blockchain technology to enhance the gaming experience for players, creators, and developers.
The gaming industry is rapidly evolving, with new technologies and trends driving innovation and growth. One of the most exciting developments in recent years has been the rise of Web3 gaming, which leverages blockchain technology to create a more secure, transparent, and engaging gaming experience for players, creators, and developers.
New partnerships
Two recent partnerships highlight the potential for Web3 gaming to transform the industry. The first involves TSM, the global esports, video game, and creator-focused company, and Blitz, the company’s competitive gaming platform. Together, they will be leveraging Avalanche, a cutting-edge blockchain platform, to create new experiences for players, fans, and creators.
Avalanche will serve as the Exclusive Blockchain Partner for TSM and Blitz, allowing them to leverage its fully customizable subnets to push the boundaries of what is possible for gaming with sub-second transaction speed, scalability, and security for millions of users. TSM and Blitz will also use Core to power all user payments and to store, sell, and purchase digital assets. This partnership marks a major step forward in bringing player-first Web3 gaming products mainstream.
The second partnership involves Immutable, a Web3 gaming platform, and game developer Mineloader. They will be building a 2023 iteration of Guild of Guardians, a highly anticipated Web3 title with over 1 million pre-registrations. Mineloader has produced AAA titles such as Last of Us Part 1 and has extensive experience with game studios such as Ubisoft, Square Enix, EA, and Sony in game creation.
The partnership will enhance the game’s core gameplay loop and art, as well as new content. While Mineloader is the Web2 development partner for Guild of Guardians and will assist with various elements of the in-game economy, particularly Web2-focused aspects, Immutable will largely drive the Web3 components, building on its industry leadership in the field.
These partnerships signal a shift towards Web3 gaming and highlight the potential for blockchain technology to enhance the gaming experience for players, creators, and developers. As more companies adopt blockchain technology, we can expect to see new and innovative gaming products that take advantage of its unique features and benefits. With the rise of Web3 gaming, the future of gaming looks brighter than ever before.
Matchday raises $21 Million
Matchday, a Web3 gaming startup focused on soccer, has raised $21 million in seed funding to develop a suite of games. The funding round was backed by Play Time, the venture capital firm of pro soccer player Lionel Messi, and also included participation from other firms such as Greylock, HackVC, and Horizons Ventures. The studio has an official license from FIFA and plans to build Web3 games that center around true ownership of digital items optimized for casual users in the football community. Matchday has already released a limited-time mini-game during the 2022 FIFA World Cup, and gave out 2 million NFT player cards to roughly 600,000 users.
In the world of Web3 gaming, digital items are registered on-chain as NFTs that signify ownership over in-game characters, skins, or items. Soccer giants like Sorare have already taken considerable steps into Web3, raising $680 million at a $4.3 billion valuation in 2021 and racking up hundreds of team and league licenses while also expanding into other sports. Last fall, FIFA launched an NFT platform on Algorand, and dozens of teams have released Socios fan tokens that sometimes rise or drop in price based on their on-the-pitch performance.
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