GameFi News #4 by Kayros Games
Hello Kayros Play-to-Earn Nation!
We have collected all the important GameFi news of the week for you so that you leave no stone unturned!
Web3 gaming made BIG moves this week. As always, don’t let any opportunity slip from you!
Enjoy the reading and as always let’s drive the GameFi revolution together!
Games
Kayros is Live Now!
Kayros a web3 game store for the ultimate GameFi experience is live now!
The company has launched the V1 of the website yesterday along with the first referral program. The revolutionary platform is kicking off with up to 200 hundred play-to-Earn games and aims to become the ultimate destination for all web3 games, Gamefi-related cryptocurrencies, NFTs and in-game assets. (link)
Cool Cats Group secures strategic investment from Animoca Brands, building on gaming partnership
Cool Cats and Animoca Brands to expand strategic partnerships to accelerate Cool Cats’ global expansion. The partnership will drive Cool Cats' mission to become the largest global NFT brand and a robust media and content company, including through the expansion of its gaming offerings. (link)
Ubisoft, Take-Two Back Ethereum NFT Game Maker Horizon in $40M Round
Skyweaver game developer Horizon just raised a Series A round with a pair of Web3-friendly video game giants onboard. (link)
Toys, gaming, and social media are being used to lure kids to the web3 space
Major retailers Walmart and Macy’s, storied children's brands Mattel and Nickelodeon, plus top-flight web3 investors like Andreessen Horowitz are among those investing millions as they join forces in the hopes of convincing kid consumers – and their parents – to embrace digital assets like NFTs (link)
NFT game studio Vulcan Forged raises $8M in Series A funding
The funding is aimed at accelerating the growth of Vulcan Forged “Metascapes,” a play-to-earn immersive metaverse game that allows users to build their land in the metaverse and store that data in nonfungible tokens. (link)
NFT Marketplaces
OpenSea SeaDrop Refines NFT Minting and Drop Process
OpenSea, the leading NFT marketplace, has launched SeaDrop, an open-source smart contract that allows NFT project creators to skip the tedious task of deploying their own custom smart contracts. (link)
Blockchain gaming studio Mythical Games is enlisting Ubisoft, Animoca and others to help launch a Web3 gaming DAO and token
The proposed Mythos Foundation will decide on cross-chain matters, NFT standards, e-sports-related decisions, guild support, policy changes, and more. Their governance token, MYTH, will be a multifunction token. “The one thing that we don’t really care for in the industry right now is single game public mainnet tokens,” says Mythical Games CEO John Linden. (link)
NFT & Metaverse
Hugo Boss has teamed up with the NFT collection Imaginary Ones to launch a 360-degree metaverse experience
The new Embrace Your Emotions collection is set to launch in early November and aims to “encourage everyone to connect with their emotions to share a message that all feelings – positive and negative – are valid and should be embraced.” Proceeds from the collection will be donated to the charity Youth Aware of Mental Health (YAM). (link)
Capital raised
Blockchain game developer Horizon has raised $40 million in a Series A funding round
The blockchain-based gaming startup plans to use the capital to build out its Sequence developer platform, Niftyswap marketplace, and Skyweaver game and to hire more staff. (link)
Improbable is set to raise $111 million at a $3.6 billion valuation in a new funding round
The company aims to create metaverse worlds for firms like Yuga Labs and is finally close to achieving operating profitability, according to CEO Herman Narula. In 2017, the company raised the then-largest funding round ever for a British startup- $502 million from Softbank (link)
Market data & reports
10 Best Play-and-Earn Games To Check This Month
Play-and-earn has become one of the trending terms in the blockchain gaming space, and this list will highlight some of the most interesting projects to watch and try this October. (link)
The GameFi sector continues to grow, with 912K unique active wallets in September Blockchain-based games continue to be profitable
This blockchain vertical’s UAW increased by 8% (912K) compared to the previous month, indicating an upward trend. This is an optimistic indication for blockchain games since many have hypothesized that if game Dapps cease to be financially advantageous for the ordinary user, they would lose the majority of their player base. It was shown to be false. (link)
Gameta was the best performer in gaming, it climbed the ranks in September, with over 1.9 million players
Gameta is a Web3 gaming platform that was first developed on Solana and has now transferred to BNB Chain. After being chosen for BNB Chain MVB V in the GameFi industry, it started its alpha test campaign on August 23. Invest Master, Ants Runner, Super Gloves, Sleep Ragdoll, Frog Prince Rush, Human Tower, and Tadpole Count are the seven games presently available on the platform. (link)
Web3 Gaming in 2022 and Beyond, an industry report by Zilliqa
Gaming has become a definitive part of blockchain in 2021 and in 2022, it has already been responsible for being the reason why some chains have become popular or have subsided. (link)
Regulation
EU resolution calls for investment in video games and esports
The European Parliament’s Committee on Culture and Education (CULT) unanimously adopted a resolution that proposes a vote on whether or not the European Union should develop a long-term video game strategy
CULT is asking the wider European Parliament to increase the number of video game productions in Europe through more funding
The resolution supported several initiatives to preserve, showcase, and promote European values, history, and diversity, including the formation of a European Video Game Observatory and the creation of a ‘European Video Game’ label to help consumers support the EU games industry (link)
About Kayros
At Kayros, we’re building a web3 game store for the ultimate GameFi experience. We bring GameFi to the masses by providing easy play-to-earn games discovery, a one-stop shop for all in-game assets, seamless payments by credit card, gamefi wallet and exchange, NFT rental marketplace, and much more.
Kayros is the best place to buy, sell and trade GameFi tokens. Signing up for a Kayros will allow you to onboard play-to-earn games instantly for free and start earning crypto & NFTs while playing.
To learn more about Kayros and our vibrant GameFi ecosystem, visit our website and join the waitlist
