PUBG Developers Enter the Web3 Space with Settlus, Animoca Raises $20M, and a Review of Shardbound
PUBG meets Cosmos
Krafton, the company behind PlayerUnknown’s Battlegrounds (PUBG), has announced its foray into the Web3 space with Settlus, a blockchain project built on the Cosmos network. Settlus aims to provide content creators with a transparent payment platform that streamlines settlement processes. The project was unveiled at the Korea Blockchain Week’s Circle Hacker House event, where Circle CEO Jeremy Allaire highlighted PUBG’s massive user base of 30 million monthly active users. Settlus will utilize Cosmos’ software development kit as its framework and allow network gas fees to be paid using stablecoins. In addition, Krafton is also working on a metaverse project called Migaloo, which will focus on user-generated content and the creation of nonfungible tokens.
Who’s after players’ wallets: Web3 games or big publishers?
Web3 games and traditional gaming both aim to generate revenue, but they have different approaches. While traditional gaming companies rely on in-game purchases and cosmetic skin sales, Web3 games leverage blockchain technology to offer players the ability to earn real money through play-to-earn models. However, Web3 gaming often faces criticism due to misconceptions about the cryptocurrency ecosystem. It’s important to recognize that both types of games can have monetization strategies that require careful balance. Ultimately, the success of Web3 games hinges on the development of high-quality games that attract mainstream adoption.
Is $20 million enough to develop an ID system for Web3 gaming?
Animoca Brands, a prominent player in the Web3 gaming space, recently raised $20 million in funding to accelerate the development of its Mocaverse project. The company, whose portfolio includes investments in NFT marketplace OpenSea and Web3 games like The Sandbox and Axie Infinity, plans to launch a non-transferrable NFT collection called Moca ID as part of the project. Moca ID will enable users to create on-chain identities and participate in the Mocaverse. The funding round was led by CMCC Global and included notable investors such as Sky Mavis founder Aleksander Larsen and Guild Games founder Gabby Dizon. With this significant investment and support from industry players, Animoca Brands aims to facilitate Web3 adoption and secure partnerships for its Mocaverse project.
Hot take: Shardbound
Shardbound is a turn-based tactical collectible card game developed by Bazooka Tango, a studio comprised of industry veterans from Grand Theft Auto, League of Legends, and Vainglory. The game offers a fresh take on the genre by incorporating innovative mechanics and a 3D hex map. Players compete against each other in matches where they strategically position their heroes and minions to gain an advantage. Shardbound features six different factions, each with a unique playstyle, and allows for card upgrades through combination. The game shows promise in both the Web3 and traditional gaming spheres, with the Web3 side enabling tradeable and purchasable cards. Shardbound has the potential to become a classic in the gaming world, thanks to its engaging gameplay and innovative features.
More from the Web3 gaming space
Here are some other noteworthy developments in the Web3 gaming space:
- Polkastarter Gaming has rebranded to GAM3S.GG after securing $2 million in seed funding.
- Tokyo Beast, a crypto entertainment experience, was announced at Korea Blockchain Week.
- Planetarium unveiled its projects Verse8 and Immortal Rising 2.
- Zynga shared mint details for its Web3 IP, Sugartown.
- The blockchain-based MMO Heroes of Mavia introduced a mass ownership model.
- The Captain Tsubasa avatar collection is coming to The Sandbox.
- DFZ Labs, creator of the Deadfellaz NFT collection, is developing a trading card game codenamed RIP TCG.
Web3 gaming is an exciting frontier that combines the best of gaming and blockchain technology. Projects like Settlus and Shardbound are pushing the boundaries of what’s possible in the gaming industry, while companies like Animoca Brands are driving innovation and adoption. As the Web3 gaming space continues to evolve, it’s important to support and engage with these projects to help them thrive. Stay informed and up to date with the latest news and developments in the Web3 gaming space by visiting Uber Crypto News.