Sky Mavis brings its new video game Apeiron to the Ronin blockchain
Sky Mavis, the team behind the Web3 game Axie Infinity, has announced a partnership with Singaporean game developer Foonie Magus. This will involve the introduction of the new game "Apeiron" to the Ronin blockchain. A demo version of Apeiron is already available on the Epic Game Store, with a mobile version expected to be released globally in the first quarter of 2024.
XAI: Sentry node sales will start on December 7
XAI announced on the X platform that the Sentry node sale will start at 4:00 AM UTC on December 7th (12:00 PM Beijing time on December 7th). Users who want to participate need to have ETH on Arbitrum, with a starting price of $300 or approximately 0.15 ETH, and no need to pre-install node software.
Bitget Research Institute: The GameFi sector is recovering, with financing amount exceeding US$100 million in October, and positive events emerging in November
Bitget Research Institute stated that according to RootData data, the GameFi sector's investment rebounded in October this year, with financing amount exceeding 100 million US dollars in October, a 61% increase from September's 67 million US dollars, while financing amount in July and August this year were both less than 15 million US dollars. In addition, GameFi positive events emerged in November, including Pixels, Illuvium, Gala Games, TreasureDAO, and others releasing positive news in November. In addition, traditional gaming giants such as Unisoft entering the market have raised users' expectations for the playability of blockchain games. With the increase in confidence in the GameFi track by capital, the optimization of gaming experience, and the lowering of user thresholds, more funds and users will be attracted in the future.
Coingecko: A total of 2,127 Web3 games "failed" in the past five years, accounting for 75.5% of the total launches
According to Coingecko's statistical data on November 29th, since the emergence of the GameFi sub-market in the past five years, about 2127 Web3 games have "failed", accounting for 75.5% of the 2817 Web3 games launched. That is, 3 out of 4 Web3 games are inactive.<br>Coingecko believes that when a Web3 game's 14-day moving average active user count drops 99% or more from its peak, it will be defined as an inactive game. From 2018 to 2023, the average annual failure rate of Web3 games is 80.8%.
Web3 gaming community platform Earn Alliance is about to launch on Base
Web3 gaming community platform Earn Alliance is about to launch Base. The platform completed a $4.75 million seed round of financing last year, led by CoinFund and FabricVentures, with participation from BlockchainCoinvestors, MADWorldVentures, and angel investors.
Gold Fever partners with Aethir to expand reach with decentralized cloud gaming infrastructure
Gold Fever, a decentralized game with an innovative economic infrastructure, has partnered with Aethir, a pioneer in Decentralized Cloud Infrastructure (DCI) for gaming and AI. This collaboration will enable Gold Fever to be accessible on any device, anywhere, at any time, thanks to Aethir's advanced decentralized cloud gaming infrastructure. The integration aims to expand Gold Fever's potential market to 2.8 billion players worldwide, and onboarding these players will involve burning NGL tokens as an in-game right. The partnership between Gold Fever and Aethir is expected to bring groundbreaking innovations to the Web3 gaming sector, enhancing the gaming experience for both players and developers. Aethir provides cloud-based GPU resources with low latency, making it an essential infrastructure solution for the AI and gaming industries.
Matr1x Secures $10M Funding Boost for Mobile Gaming and NFTs
Matr1x, a Singaporean NFT gaming company, has secured an additional $10 million in funding, bringing its total capital value to $20 million. The funding round was led by Folius Ventures and SevenX, with participation from ABCDE Capital, Jambo, Initiate Capital, and the creators of the move-to-earn NFT game Stepn. Matr1x's flagship product is a first-person shooter mobile game called Matr1x Fire, which is still in development, and the company has also released two NFT projects with plans for a third collection. With this new funding, Matr1x is poised for a breakthrough in the gaming and NFT industries.
ABCDE : Why We Invest in Matr1x?
It’s not difficult to see, from the recent blockchain conferences like ETHCC, that the blockchain industry is once again entering a “cold winter” in terms of narrative (except for the flourishing Bitcoin ecosystem). Currently, funds and projects are mainly focused on infrastructure, including modular public chains, MEV, AA wallets, ZK, etc. However, there is a lack of new growth narratives, especially in the narrative of large-scale user adoption and conversion.
Blade of God X will be released on the Web3 game distribution platform Xterio and the Immutable public chain
Blade of God X (BOG X), a 3A-grade action game with 6 million game users, will launch its Web3 version.BOG X will be released on the Web3 game distribution platform Xterio and has received official support from Immutable.Blade of God X (BOG X) is a 3A-grade action RPG that uses AI reinforcement learning and AI Agent to simulate battles. It provides new solutions for the infrastructure construction and use of AI in large GameFi games and has won multiple awards, including the 2023 Huawei AI Cloud Game Changer Awards.
Financial Struggles and Chain Switching Plague Web3 Gaming Industry
Financial difficulties in the blockchain gaming industry led to the suspension of 157 games in 2022 and 43 in 2023, with most of the affected games being from small studios lacking significant funding. Indie games still make up the majority of Web3 games, accounting for 42% of the total. The number of blockchain networks for gaming increased from 37 in 2022 to 53 in 2023, resulting in more competition among developers and blockchains. The top three networks used by blockchain games are Polygon, Binance's BNB Chain, and Ethereum's mainnet. Some developers have switched to other chains with lower costs, while others have moved due to broader market and regulatory concerns.
