Gaming Gazette: Unveiling the Latest Trends and Investments — Knight Weekly

🎮Welcome to Knight Weekly, where we bring you the latest buzz from the ever-evolving world of gaming. In this edition, we're diving into the exciting expansion plans of Nine Chronicles into the Japanese gaming market, backed by Animoca. Meanwhile, the mobile gaming sector sees a significant boost with a $50 million investment from Wargaming's cofounder. Africa's gaming industry is also on the rise, expected to surpass $1 billion in 2024. Plus, we'll explore how Big Time has generated over $100 million in revenue since preseason, and discover the latest funding rounds, including Parallel Studios securing $35 million and A16z unveiling its third Speedrun accelerator with a $75 million investment. Get ready to uncover the latest trends and developments shaping the gaming landscape!⚔️🌟

🚀 This Week's Headlines! 🎮✨

• Animoca Backs Nine Chronicles Expansion Into Japanese Gaming Market

• Wargaming Cofounder $50 Million Investment in Mobile Gaming

• Africa game industry expected to surpass $1B in 2024

• Big Time Generates Over $100 Million in Revenue Since Preseason

• Parallel Studios Reveals $35 Million Funding Round

• A16z Opens Third Speedrun $75 Million Accelerator

• Forest Knight Releases Alderis a New Hero

Animoca Backs Nine Chronicles Expansion Into Japanese Gaming Market

Animoca Brands, announced an initiative to support the expansion opportunities in Japan of Web3 projects from overseas. As the first step of this initiative, the NFTs "De: Centralized Cat (D:CC)” usable within the blockchain game Nine Chronicles M, currently played in around 150 countries, will be made available for purchase and trade on Coincheck NFT starting on 3 April 2024 Animoca Brands Japan launches support for growth of overseas Web3 projects in Japan, starting with ‘Nine Chronicles M’ ​ Nine Chronicles M NFTs will be available for sale on Coincheck NFT starting 3 April 2024 ​ – Animoca Brands Japan, a strategic subsidiary of Animoca Brands, today announced an initiative to support the expansion opportunities in Japan of Web3 projects from overseas. As the first step of this initiative, the NFTs "De: Centralized Cat (D:CC)” usable within the blockchain game Nine Chronicles M, currently played in around 150 countries, will be made available for purchase and trade on Coincheck NFT starting on 3 April 2024. Foreign companies and projects seeking to enter the Japanese Web3 market face several challenges resulting from Japan's unique laws, business practices, language barrier, and other factors. Japan's unique entertainment culture, including anime, manga, and games, which are considered to have a high affinity with Web3, have demonstrated strong appeal in the country and present attractive opportunities for overseas companies and projects.

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Wargaming Cofounder $50 Million Investment in Mobile Gaming

Wargaming cofounder Nick Katselapov has launched Mika Games, a gaming investment сompany that aims to invest $50 million in mobile game studios. So far, Mika Games has raised $10 million in an initial funding round led by Boston-based venture capital firm Flint Capital. Nicosia, Cyprus-based Mika Games wants to provide capital and comprehensive growth support to mobile game studios in their soft launch stage, meaning they have a game ready to launch for testing in a single market. The goal is to ultimately invest $50 million in a portfolio of gaming studios, in order to help them become self-sufficient and scale from the seed stage, increasing valuations and aiming at an eventual initial public offering. Read more

Parallel Studios Secures $35 Million in New Funding Round to Expand Its Sci-Fi World

The $35 million raised in the new funding round will be used by Parallel Studios to further expand its sci-fi world to new platforms, supporting marketing and development of its free-to-play card game alongside the upcoming AI-powered sim, Colony. Parallel Studios, the developers of blockchain card game Parallel, have announced that they have managed to secure an impressive $35 million in a new funding round, with the focus on expanding its sci-fi world over to new platforms.

Funding Details

The following venture firms participated in the latest round: Spartan, Solana Ventures, VanEck, Base Ecosystem Fund, Distributed Global, The Operating Group, Focus Labs, Big Brain Holdings, Devmons, Synergis, Amber, GoldenChain, Builder Capital, and more. A couple of angel investors took part as well, some of which include the CEO of Yield Guild Games, Gabby Dizon, Pudgy Penguins CEO Luca Netz, as well as Loopify, the founder of Endless Clouds, a game dev studio who is working on Web3 MMORPG Treeverse and PvP brawler Capsule Heroes.

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 Knight Of The Week

Galin Kostov

Meet Galin, our Knight of the Week! A journey with him as he masters server-side sorcery, leading teams to victory with innovative system design. Galin's adventures in the crypto realm since 2015 have seen him crafting DeFi wonders and NFT marvels. A backend and blockchain maestro, Galin wields Node.js, TypeScript, and microservices with finesse, while also mastering Docker, Kubernetes, and DevOps. From Solidity to Rust, he fearlessly explores the depths of blockchain mysteries. Join us as Galin continues his quest for digital glory!

🎮 Game Of The Week

This Week We Spotlight Breeze in the Clouds

About Game:

Become an unstoppable force of nature in Breeze in the Clouds, a stylish, combo-fueled 2D action-adventure! Jump, brawl, and command weather powers as Breeze, a scrappy and courageous corgi swept away from his regular life to fight pollution in a fantastic world where animals control the weather.

🎙️Conversation of the Week

Listen to This discussion with Theminds behind Noderunnersgg. They're launching a groundbreaking guild-based space strategy game, integrating Neo Tokyo's $BYTES and NT IP.

🎧 Listen to the full conversation recording here

• Indie Fun Fact:

  "Bastion" sets itself apart with a dynamic narrator who adapts to the player's actions, offering a uniquely personalized storytelling experience.

• Web3 Fun Fact:

  "Decentraland" made history with the largest virtual property deal, recorded at $80,663, securing a place in the Guinness World Records.

Disclaimer:

The content in this newsletter is provided for informational purposes only. It should not be considered as an endorsement of any particular game or source.