Highlights:
- Popular game developer Krafton is venturing into Web3 with Settlus, a blockchain project designed for the creator economy.
- Animoca Brands has raised $20 million in funding to accelerate the development of its Mocaverse project.
- Shardbound, a turn-based tactical collectible card game, shows immense potential in the Web3 gaming space.
PUBG meets Cosmos
Krafton, the company behind PlayerUnknown’s Battlegrounds (PUBG), is venturing into Web3 with Settlus, a Cosmos-based blockchain project specifically designed for the creator economy. Settlus aims to provide content creators with a payment platform that streamlines transparent settlement processes. Cosmos’ software development kit will serve as the framework, and network gas fees will be payable using stablecoins.
A metaverse project by the name of Migaloo is also in the works. The project will center around user-generated content, allowing creators to automatically create nonfungible tokens of their digital content and earn royalties from platform sales. Settlus’ testnet is scheduled to launch in early 2024.
Who’s after players’ wallets: Web3 games or big publishers?
Web3 games may be marketed toward the allure of monetary gain, as most of the demographic is made of investors and financiers who wish to get something in return. Traditional gaming is doing the same. The only difference is that, in Web2 gaming, it’s the company and its shareholders getting all the revenue instead of the ecosystem.
Web3 gaming is nowhere near traditional gaming in terms of the user base. For example, Axie Infinity, one of the most popular Web3 games, reached a daily average of 11,072 users, while Roblox averaged 23,864,489 daily users during April 2023.
Is $20 million enough to develop an ID system for Web3 gaming?
Animoca Brands raised $20 million in a funding round to accelerate the development of its Mocaverse project. The company was valued at $5 billion last year and has numerous investments in its portfolio, such as NFT marketplace OpenSea and Web3 games such as The Sandbox and Axie Infinity. Mocaverse is preparing to launch its non-transferrable NFT collection called Moca ID as part of the funding round.
Hot take: Shardbound
Shardbound is a turn-based tactical collectible card game that puts players against each other on a tile-based isometric map. The game offers innovative features and gameplay mechanics that set it apart from traditional card games. With its promising alpha version, Shardbound has the potential to become a classic in the Web3 gaming space.
More from Web3 gaming space:
- Polkastarter Gaming rebranded to GAM3S.GG after securing $2 million in seed funding.
- Crypto entertainment experience Tokyo Beast was announced at Korea Blockchain Week.
- Planetarium unveiled Verse8 and Immortal Rising 2.
- Zynga released the mint details for its Web3 IP, Sugartown.
- Blockchain-based MMO Heroes of Mavia introduced the mass ownership model.
- The Captain Tsubasa avatar collection is coming to The Sandbox.
- DFZ Labs, creator of the Deadfellaz NFT collection, is creating a trading card game codenamed RIP TCG.
By Erhan Kahraman, a freelance writer and content creator focusing on cutting-edge technology and video games.
