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Web3 Gaming Developers Continue To Be Favored by Investors - Follow the money
bcbully
Member EpicPosts: 11,843
Almost $190 million went into industry startups this week, a significantly greater amount than the previous seven day period, which saw only $37 million injected into the ecosystem.
Of all the funding raises, Web3 gaming developer CCP Games, a Reykjavík-based startup, managed to secure the largest amount of cash over the same span.
It closed a $40 million seed round led by prominent venture capitalist firm Andreessen Horowitz (a16z). Participating investors included Makers Fund, BITKRAFT, Kingsway Capital, HASHED and Nexon, among others.
“With advancements made within blockchain, we can forge a new universe deeply imbued with our expertise in player agency and autonomy, empowering players to engage in new ways,” Hilmar Veigar Pétursson, CEO of CCP games said in a statement.
This round of financing will be used to accelerate the studio’s development of gaming in the virtual world.
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There is 6 different stories about rug pulls in the Crypto-space, and those are the smaller ones. Big celebrities often shill shit coins and projects to rug pull, and these gaming companies are no different.
Hey mods, why do we let bcbully post about Crypto nonsense here? He's literally just advertising it at this point.
Logic, my dear, merely enables one to be wrong with great authority.
All time classic MY NEW FAVORITE POST! (Keep laying those bricks)
"I should point out that no other company has shipped out a beta on a disc before this." - Official Mortal Online Lead Community Moderator
Proudly wearing the Harbinger badge since Dec 23, 2017.
Coined the phrase "Role-Playing a Development Team" January 2018
"Oddly Slap is the main reason I stay in these forums." - Mystichaze April 9th 2018
Very few gaming studios these days are reliant on Blockchain to fund a cryptocurrency specific project.
As much as people want to tie the two together, Blockchain and cryptocurrency are not the same thing
One thing that stinks to me about the whole web3 gaming is the decentralization factor. How the hell is that going to work with an intellectual property such as an MMORPG? It sounds like it would be a logistical, legal and financial nightmare.
If Bcbull's numbers are representative, that would mean single week's gaming revenue would be about equal to whole years blockchain gaming investments.
Crypto Hackers Stole a Record $3.8 Billion in 2022. Don't Be Next.
https://www.kiplinger.com/investing/cryptocurrency/crypto-hackers-stole-a-record-amount-tips-to-protect-yourself"classification of games into MMOs is not by rational reasoning" - nariusseldon
Love Minecraft. And check out my Youtube channel OhCanadaGamer
Try a MUD today at http://www.mudconnect.com/https://biturl.top/rU7bY3
Beyond the shadows there's always light
https://biturl.top/rU7bY3
Beyond the shadows there's always light
https://www.youtube.com/watch?v=llP4ljMak6U
https://biturl.top/rU7bY3
Beyond the shadows there's always light
Let's hope the new generations are not drawn into this. This is what we need to protect. Other wise this will slowly slip to bee the norm and online gaming will no longer be a place to play but a place to earn companies even more money.
In order to earn the trust of the gaming community back, they're going to have to accept a certain concept. Pay your community to play and profit from your game as you the company do the same. No one will accept wasting time only to be scammed once again.
The old adage says, fool me once, shame on you. Fool me twice, shame on me.
Bottom line: Bring back old school MMO and pay people to profit from your games to make amends to your investors.
Someone who is registered as being a flex offender is a person who feels the need to flex about everything they say.
Always be the guy that paints the house in the dark.
Lucidity can be forged with enough liquidity and pharmed for decades with enough compound interest that a reachable profit would never end.
https://bitnation.co/a16z-is-the-worst-and-largest-scammer-of-all/
- Klippsten described that the venture capital firm’s promotion of Helium, Braintrust, Worldcoin, and Axie Inifinity are all aimed to scam investors and the respective tokens follow a similar price movement.
Beware!!!!OP is here all the time promoting dubious and often outright scams.
Page 1 of the Web3 Multiverse NFT Playbook... which was plagiarized from "Get Rich by Conning for Dummies"
“Microtransactions? In a single player role-playing game? Are you nuts?”
― CD PROJEKT RED
Crypto was supposed to be a gaming concept. It wasn't supposed to be about Ev cars, Ev Batteries, and the Petro Dollar. It was exploited as such. Crypto was going to help people survive covid19 and evolve a boring grind in gaming. The rich and powerful destroyed this great idea. Don't buy their cars.
Someone who is registered as being a flex offender is a person who feels the need to flex about everything they say.
Always be the guy that paints the house in the dark.
Lucidity can be forged with enough liquidity and pharmed for decades with enough compound interest that a reachable profit would never end.
Here's hoping the recent news on Binance means crypto will take another whack on its balls.
https://www.cnbc.com/2023/03/27/binance-and-founder-changpeng-zhao-sued-by-cftc-for-allegedly-violating-trading-rules.html