GameFi News: Tilting Point partners with Polygon Studios, and LootRush raises $12M

2 years ago

SpongeBob and Warhammer mobile crippled scores Polygon partnership

Free-to-play mobile games steadfast Tilting Point has entered a multiyear concern with Polygon Studios to motorboat 10 Web3 games implicit the adjacent 2 years. Polygon Studios and Tilting Point program to assistance some autochthonal Web3 crippled developers standard their games alongside free-to-play developer partners, and studios who privation to span from Web2 to Web3 gaming.

The archetypal 3 titles successful the works are interstellar strategy crippled "Astrokings" from Korean developer AN games, which Tilting Point acquired earlier this year; virtual slot crippled "The Walking Dead: Casino Slots," based connected the AMC series; and "Chess Universe," by Tilting Point’s spouse developer Kings of Games.

Polygon Studios CEO Ryan Wyatt shared successful a connection the company's excitement astir  "championing idiosyncratic ownership and immersive gameplay.” Founded successful 2012, Tilting Point's astir fashionable free-to-play games see "Warhammer: Chaos & Conquest," "Narcos: Cartel Wars," and "SpongeBob: Krusty Cook-Off."

Today we're announcing our concern with @0xPolygon to bring the champion of Web3 tech to our devs and their games! Read here, successful Samir's ain words, however this volition interaction our model.#metaverse #blockchain #nft #cryptogaming #TiltingPoint #raiseyourgamehttps://t.co/hW8HOTFXH6

— Tilting Point (@TiltingPoint) May 5, 2022

T.E.A.M DAO raises $5 cardinal Series A round

The Tokenized Esports Asset Management decentralized autonomous organization, oregon T.E.A.M. DAO, describes itself arsenic the metaverse’s archetypal Guild 3.0. The phantasy esports nonfungible token (NFT) league precocious announced a $5 cardinal Series A circular of backing co-led by Krust Universe and Animoca Brands. Other investors included Great South Gate, Shima Capital, Anti Fund, Algorand, GSR, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, CoinHako and Octava.

Krust Universe is an concern limb of South Korean tech elephantine Kakao. Animoca Brands besides recently acquired 2 large video games publishers: Eden Games and Darewise Entertainment. 

According to T.E.A.M, the caller backing volition beryllium utilized to further make its exertion infrastructure, grow the team, and rapidly turn its subordinate base. Its designated Supreme Leader stated that the institution is starring a gaming-culture defining ecosystem for "noobs, amateurs and midtier gamers." He added that the upcoming TEAM token nationalist merchantability volition "[catapult] crypto adoption into everyone’s regular life."

@TEAMDAOcom completes a $5m SeriesA circular co-led by @animocabrands + @Klaytn_official $TEAM
GreatSouthGate @shimacapital @antifundvc @GSR_io EverseCap @NGC_Ventures LibraCapVentures @NexoCapital ExCapital @coinhako RisingCap @Octava92275045https://t.co/iNQrGfOmni

— T.E.A.M DAO Tokenized Esports Asset Management (@TEAMDAOcom) April 28, 2022

Axie Infinity remains crippled with the highest marketplace cap

According to the latest study by Crypto Head that assessed the apical 50 play-to-earn (P2E) games connected ChainPlay, Axie Infinity has a afloat diluted marketplace headdress of $15.81 million. Cross Link came successful a adjacent 2nd astatine $13 cardinal and a third-placed Decentraland astatine $4.63 million. The mean marketplace headdress worth of each the crypto games studied is $1.25 million.

As for astir Google-searched crippled successful the past six months, Axie Infinity besides takes the crown with implicit 29 cardinal searches astir the world. The 2nd and 3rd highest searched games, Bomb Crypto and Splinterlands, respectively, some had less than 5 cardinal planetary searches.

Crypto Head besides looked astatine crypto Twitter popularity and games with the astir costly tokens. Axie Infinity besides garnered a spot connected those lists. 

LootRush wants to instrumentality NFT gaming mainstream

LootRush, an NFT marketplace for crypto gamers, closed connected Thursday a effect circular of $12 cardinal led by crypto steadfast Paradigm, with information from Andreessen Horowitz. Other backers included Y Combinator, Brex founders, the founders of Axie Infinity, Plaid, Wildlife Studios, Dapper Labs and The Chainsmokers. 

According to the company, LootRush aims to go similar Steam, as a distributor of PC games, but for blockchain and NFT-based video games. It wants to destruct barriers to introduction for gamers to play Web3 games and is known for offering cost-effective NFTs. A blog post stated that "We volition alteration gamers to ain NFTs and we assistance NFT owners find large players."

— LootRush (@LootRushGames) May 5, 2022

Other GameFi News

STEPN is simply a Solana (SOL)-based NFT mobile exertion that leverages GameFi elements, specified arsenic move-to-earn, to enable NFT sneaker holders to gain tokens arsenic they walk. Made for fittingness enthusiasts and those who privation to get their regular steps in, this task is starring the move-to-earn question and challenging users to cash successful Green Satoshi Token (GST). 

Related: How blockchain games make full economies connected apical of their gameplay: Report

Japanese video crippled steadfast Square Enix intends to divest its fashionable Tomb Raider franchise for $300 million and put the proceeds into blockchain, artificial quality (AI) and unreality computing technologies. Cointelegraph antecedently revealed Square Enix CEO Yosuke Matsuda's plans to integrate NFTs into play-to-earn blockchain games.

View source