Mobile games SpongeBob and Warhammer form partnerships with Polygon
Free mobile game publisher Tilting Point has reached a multi-year partnership with Polygon Studios, and will launch 10 web3 games in the next two years. Polygon Studios and Tilting Point plan to help native web3 game developers scale their games with free game developer partners and studios looking to transition from web2 to web3 games.
The first three games in development are "Astrokings," an interstellar strategy game from South Korean game developer AN Games that Tilting Point acquired earlier this year; "The Walking Dead: Casino Slots," a virtual slot game based on the AMC series; and Tilting Point Co-developer of Kings of Games' "Chess Universe".
Polygon Studios CEO Ryan Wyatt shared the company's excitement about "supporting user ownership and immersive gameplay." Founded in 2012, Tilting Point's most popular free games include "Warhammer: Chaos & Conquest", "Narcos: Cartel Wars" and "SpongeBob: Krusty Cook-Off".
TEAM DAO completes $5 million Series A financing
The Tokenized Esports Asset Management Decentralized Autonomous Organization (TEAM DAO) describes itself as the first Guild 3.0 of the Metaverse. The fantasy esports non-fungible token (NFT) alliance recently announced the closing of a $5 million Series A round co-led by Krust Universe and Animoca Brands. Other investors include Great South Gate, Shima Capital, Anti Fund, Algorand, GSR, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, CoinHako, and Octava.
Krust Universe is an investment arm of South Korean tech giant Kakao. Animoca Brands also recently acquired two large video game publishers: Eden Games and Darewise Entertainment.
TEAM said the new funding will be used to further develop its technical infrastructure and expand its team size and player base. Its designated top leader says the company is leading an ecosystem that defines gaming culture for "newbies, amateurs, and mid-range gamers."
Axie Infinity is still the most valuable P2E game
According to the latest report from Crypto Head evaluating the top 50 P2E games on ChainPlay, Axie Infinity has a fully diluted market cap of $15.81 million. Cross Link followed with $13 million, and Decentraland came in third with $4.63 million. The average market capitalization of these 50 crypto games is $1.25 million.
The most searched game on Google in the last 6 months is Axie Infinity with over 29 million searches worldwide. The second and third most popular games are Bomb Crypto and Splinterlands, both with less than 5 million searches worldwide.
Crypto Head also looked at the popularity of these games on crypto Twitter and the games with the most expensive tokens. Axie Infinity also made the list.
LootRush wants NFT games to go mainstream
LootRush, an NFT marketplace for crypto gamers, closed a $12 million seed round on Thursday, led by crypto firm Paradigm with participation from Andreessen Horowitz. Other investors include Y Combinator, the founders of Brex, and a number of angel investors including the founders of Axie Infinity, Plaid, Wildlife Studios, Dapper Labs, and The Chainsmokers.
According to the company, LootRush aims to be a PC game publisher like Steam, but for blockchain and NFT-based video games. It hopes to remove the barriers for players to play web3 games, and is known for providing cost-effective NFTs. “We will let players own NFTs and help NFT owners find great players,” reads one of its blog posts.
Other GameFi News
STEPN is a Solana (SOL) based NFT mobile app that leverages GameFi elements such as move-to-earn, enabling NFT sneaker holders to earn tokens as they walk. Developed for fitness enthusiasts and those looking to count their steps every day, the project has spearheaded the earning while exercising movement and encourages users to cash out with Green Satoshi Token (GST).
Japanese video game publisher Square Enix intends to sell its popular Tomb Raider series for $300 million and invest the proceeds in blockchain, artificial intelligence (AI) and cloud computing technologies. Cointelegraph previously revealed that Square Enix CEO Yosuke Matsuda plans to integrate NFTs into earn-play blockchain games.
Cointelegraph Chinese is a blockchain news information platform, and the information provided only represents the author's personal opinion, has nothing to do with the position of the Cointelegraph Chinese platform, and does not constitute any investment and financial advice. Readers are requested to establish correct currency concepts and investment concepts, and earnestly raise risk awareness.
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