Hot Investments and Innovations in Web3 Gaming — Knight Weekly

🎮Welcome to Knight Weekly, your essential digest for the latest in Web3 gaming. This week, we cover the GuildFi raises a staggering $140 million from Binance Labs and Animoca Brands; Pantera Capital investing $8 million in InfiniGods' Series A funding; Anichess securing $1.8 million to expand its Web3 chess platform; Immutable locking in $50 million for its Web3 gaming rewards program; XOCIETY introduces AAA gaming to Web3 with Sui, and MomoAI announces its integration with the TON ecosystem to revolutionize Web3 gaming. Stay ahead with Knight Weekly. ⚔️🌟

🚀 This Week's Headlines! 🎮✨

• GuildFi raised $140 million from Binance Labs & Animoca Brands.

• Pantera Capital Invests $8M in InfiniGods Series A Funding

• Anichess Raises $1.8M Funding to Expand Web3 Chess Platform

• Immutable Secures $50 Million for Web3 Gaming Rewards Program

• XOCIETY Brings AAA Gaming to Web3 With Sui

• MomoAI Announces Integration with TON Ecosystem to Revolutionize Web3 Gaming

Immutable Secures $50 Million for Web3 Gaming Rewards Program

Immutable has secured $50 million in token rewards for The Quest Program, a Web3 gaming rewards program that rewards players for engaging with the Immutable ecosystem. The company expects more token commitments to come from the games building on Immutable. Launched in partnership with Digital Worlds Foundation, a non-profit organization dedicated to the decentralization, growth, and security of blockchain gaming, The Quest Program offers incentives for exploring games in the expansive Immutable ecosystem, which currently boasts more than 270 gaming titles. According to the announcement, players will be able to receive rewards by exploring quests, playing games, and owning collections on Immutable beginning April 25. The Immutable ecosystem features some of the biggest gaming projects on the blockchain, including Pixelmon, Illuvium, Guild of Guardians, Space Nation, and MetalCore, all of which have signed on to become the first 10 projects to be featured in the current phase of The Main Quest.

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GuildFi raised $140 million from Binance Labs and Animoca Brands.

Web3 gaming guild GuildFi which raised $140 million from Binance Labs, Coinbase Ventures, Animoca, Pantera Capital, Hashed, and others, has been rebranded to Zentry. In an announcement, Zentry said the rebranding was a strategic decision and as part of this revamp the firm will relaunch GuildFi. Zentry will introduce a new token conversion program where holders of the original GuildFi token $GF will be able to convert to the new Zentry token $ZENT. Zentry said it will build a “Superlayer” to reunite three billion gamers in one economy, regardless of the platform used. Gamers will be unified. The Superlayer will combine loyalty systems, gamer identities, and cross-world activities from countless games and platforms into a single overlay experience. In addition to linking Web3 and Web2 games, social media and in real life (IRL) activities will unify the community of gamers. This tech also creates a new game of games in itself, said the firm.

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Pantera Capital Invests $8M in InfiniGods Series A Funding

Pantera Capital has reportedly provided $8 million in funding for InfiniGods, a web3 gaming company. The investment follows Pantera’s $9M seed round conducted in May 2022, which reveals strong future support for InfiniGods’ mobile gaming industry growth. InfiniGods creates games that use blockchain technology to improve the user experience and make it easier to access. The newest game, InfiniMerge, has an ancient Greek theme and allows players to merge similar items, providing an engaging experience. The new funding will help InfiniGods expand to more countries by improving its blockchain infrastructure. This expansion is important because mobile gaming is becoming more popular, mainly due to web3 and blockchain technology.

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 Knight Of The Week

Hide Uehara

Meet Hide Uehara a seasoned professional with an extensive background in investment, business development, and corporate strategy within the gaming industry. Currently serving as the General Manager of the Investment & Business Development Department at SQUARE ENIX HOLDINGS, Hide is at the forefront of driving strategic initiatives in Web3, cloud gaming, AI, and game development technology. His notable achievements include overseeing strategic investments and partnerships, such as Square Enix's collaboration with Elixir Games and involvement in projects like Cross the Ages Metaverse Game. With a career spanning over two decades, Hide has held various leadership roles, including Director of Business Development at SQUARE ENIX LIMITED and Managing Director at Yokowo (Hong Kong) LTD. His expertise in corporate planning, supply chain management, and global tax planning has contributed significantly to Square Enix's growth and success in the gaming industry.

🎮 Game Of The Week

This Week We Spotlight Dungeons of Hinterberg

About Game:

Dungeons of Hinterberg is an action-adventure RPG that includes monster fighting, puzzle solving, magic-wielding, and relationship building, all set around the cozy Alpine village of Hinterberg!

🎙️Conversation of the Week

Listen to This discussion deep dive into Sheertopia, uncovering the secrets and stories behind the scenes. Hosted by Lions Share

🎧 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.