Magic Eden has long-term goals for Web3 games and has collaborated closely with forward-thinking game producers. In this direction, the company decided to invest in 11 web3 game studios.
What’s So Unique About the 11 Web3 Game Studios in Which Magic Eden Invested?
They believe that Web3 games will serve as a gateway for millions of users to access the blockchain, help the technology gain general acceptance, and support its mainstreaming. Hence, Magic Eden quickly used a portion of the funds to build the Web3 game sector and formed Magic Eden Ventures, a Web3 games-focused company, after completing Series B fundraising of $130 million at a valuation of $1.6 billion in June last year.
On February 24, Magic Eden announced that it had made investments in 11 Web3 gaming studios via its official Twitter account. The developers on these project teams come from the native Web3 community as well as the traditional game industry.
The platform may assist games in launching NFT projects, acquiring users, and supporting game infrastructure through the in-game market by forming agreements with game studios. You can find more detailed information about the 11 web3 game studios that received investment in the rest of the article.
XP Foundry (Rooniverse)
The web3 game firm XP Foundry created the pocket multiplayer online game Rooniverse, which will be released on smartphones, computers, and Macs. Where gamers and their cute but ferocious pet Roos can explore, compete, advance, gather, and create their life.
In the immersive management simulation game, players start a band named Blockstars, record and release songs, compile hits into albums, and play live shows. Players can even start their own record label if they amass sufficient money early on. By doing so, they open the door for other players to join and help develop the next generation of Blockstar stars, developing a novel game cycle.
Gamers have a variety of opportunities to compete, win, and make money in addition to playing against other players on the music leaderboards. Winners of various time-limited events will receive ROC, which is released based on the Solana blockchain.
Bravo Ready (BR1:INFINITE)
Essentially a 3A game, BR1: INFINITE is the first risk-based shooting game to incorporate the kill-to-earn concept. This game’s primary gameplay closely resembles Battle Royale games.
Players will be dispersed on a 3 km-diameter island when they first start the game. They can acquire tools for self-improvement, such as armor, weaponry, and ammunition, as they get closer to the island’s core. Players can only exit the game after they have confirmed their death or succeeded.
Bunch is a simple online community centered on social chat that offers features including friend-finding, video chatting, and gaming space exploration. Supercell, Ubisoft, and Electronic Arts are just a few of the game developers who support Bunch, which seeks to offer a place for teens to socialize online. The company intends to use collectibles to introduce blockchain to a wider audience and to promote market activity through partnerships with companies like Magic Eden.
Epic League (Dark Throne)
In order to give users a distinctive gaming experience, Epic League is a GameFi service platform that can connect games with NFT markets, communities, guilds, players, and DeFi. Role-playing game (RPG) Dark Thron, the first series from Epic League, was released in September. It’s a straightforward action game.
The background of the game is a gloomy fantasy setting. Gamers can press the screen once to launch a series of strikes while dodging opponent fire. To cancel the prepared assault and evade enemy attacks, you should tap the screen twice straight.
A 3A-level Play-to-Own strategic game called Honeyland is slated to go live in April of this year on the Solana blockchain. Players manage their bee colonies and land in the game by taking on the role of the beekeeper.
Users can pick a cosmos to explore and send their bees on missions. They engage in competition with other players for NFT and the limited supply of HONEY. Players can acquire more property, participate in the Honeyland market, trade their earned HONEY and NFTs for cryptocurrencies, or use them to expand and enhance their bee colonies.
Lucky Kat (Panzerdogs)
Around 200 million times have downloaded games from the Lucky Kat game studio in the Netherlands. Panzerdogs, a play-and-earn PVP tank battle game, is the team’s debut Web3 game. In a short amount of time, the game’s trial run on the iOS and Android platforms in numerous nations has drawn more than 50,000 users.
Using their tanks and avatars, participants in Panzerdogs will fight in PVE or PVP combat, progressing in the Battle Pass (PanzerPass), gaining Account XP, and winning or losing battles. In addition, participating in PanzerPass will allow players to win tokens or other rewards.
Neowiz (Intella X)
A Web3 gaming platform called Intella X was created in collaboration with Neowiz and Polygon in South Korea. By making wallet creation and meta-transactions more straightforward, it seeks to lower significant participation barriers and enhance user experience in Web3.
It offers launchpad and games, mobile wallets, DEX, NFT markets, and various Web3 features. The native platform token, Intella X (IX), is awarded to contributors (such as game creators and gamers) according to their contributions to the platform ecosystem. In short, Intella X employs a contribution-based reward distribution methodology.
Play Time (Matchday)
The Web3 football game Matchday, which is designed for 5 billion fans, was released by the Matchday.com gaming company. Thousands of fully licensed professional players will enter the game thanks to its collaboration with FIFA, FIFPRO, players, and leagues throughout the globe. In order to create their own teams and compete against one another, Matchday players collect player cards.
There is a play-and-earn option in the game. Player cards can be converted into NFTs that players can buy and collect using utility and governance tokens. The ability to generate digital assets in the form of NFTs, upload them to the market, and then buy and sell these digital assets is another feature available to players.
Strider is working to build a decentralized digital ledger Web3 platform that is transparent and secure. In addition, it is devoted to assisting creators in using DAO as an alternative to the company’s management system.
Users will have access to DAO capabilities on the Strider platform for idea generation, including contributor payouts, idea bounties, proposal submissions, programmable treasuries, token issuance, hierarchical governance structures, and innovative front-end user experiences and voting methods. The startup wants to empower the community by enabling the simple, quick, and effective launch and ownership of projects.
Ring Games (Stella Fantasy)
Ring Games created Stella Fantasy, an NFT action role-playing game featuring collectible characters. The game character is the fundamental component of Stella Fantasy’s main gameplay and the first NFT component that players can actively interact with and control.
Each character possesses unique skills and provides extra assistance, such as enhancing in-game resource generation capabilities or producing equipment. In order to build tactics to maximize their potential utility during the game, players consistently collect and improve a variety of characters to fit their demands.