This edition of Cointelegraph’s VC Roundup highlights Tevaera, AVALON, Uncharted, Contango, and Movement Labs.
Web3 gaming needs to shift from play-to-earn to 'play-and-earn' — Bitget
The industry could see a shift towards player-centric Web3 games this cycle, as Web2 founders enter the GameFi space, according to Bitget’s managing director
Aurory’s USDC pool drained on Arbitrum’s DEX Camelot
According to initial reports and on-chain data, the attack targeted Aurory’s SyncSpace bridge, draining nearly 80% of the AURY-USDC pool’s liquidity.
How the crypto bull run can impact Web3 gaming beyond play-to-earn
Web3 gaming has remained unfazed by the bear season. But how does the expected bull run impact interest in blockchain-based games?
Game studios quietly integrate blockchain without the buzzword
Blockchain technology is facing backlash from players and gaming developers, forcing some studios to avoid “buzzwords” tied with Web3.
Mainstream approval critical for blockchain games — Gaming execs
Three gaming executives believe mainstream audiences will play a factor in the overall success and future of Web3 games.
Roblox CEO ‘dreams’ of in-game cross-platform NFTs and digital objects
Roblox founder and CEO David Baszucki expects top brands and celebrities to take charge and play a key role in making the “dream” of cross-platform NFT come true.
Blockchain game Illuvium goes mainstream with looming Epic Games Store listing
Blockchain games have historically battled to gain mainstream attention, but Illuvium’s listing on the Epic Games Store could change the narrative.
Neon Machine raises $20M Series A for blockchain-based Call of Duty competitor ‘Shrapnel’
The company claims a cast of employees whose collective entertainment industry resume contains titles such as Halo, Call of Duty and Westworld.
Binance Q3 report appraises crypto market as ‘challenging’ amid high interest rates
The world’s largest cryptocurrency exchange painted a somber picture of the market, with occasional bright spots for individual players.
Microsoft’s Activision buy may see more metaverse in the office and crypto in gaming
More signs say the acquisition will boost metaverse applications in business than in gaming as CEO Nadella talks about productivity and metaverse enthusiast Kotick leaves Activision.
AI a powerful tool for devs to change gaming, says former Google gaming head
Ryan Wyatt deciphers the the possibilities for AI to help gamers and game developers achieve.
Saudi Arabia looks to blockchain gaming and Web3 to diversify economy
The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3.
Google will allow ads for NFT games starting September 15
The new updates to the cryptocurrency ads policy allows for NFT gaming ads provided the games and ads don’t promote gambling.
How can the synergy of AI and blockchain disrupt the music industry?
While AI-generated songs are flooding the music market, blockchain technology can ensure transparency and ethical standards are maintained within the industry.
Axie Infinity’s play-to-earn ‘scheme’ alarms Phillippine National Police
Playing crypto games can be riskier than investing in cryptocurrencies, according to the Filipino ACG, considering the ease with which gamers can lose their digital tokens and NFTs.
Shakeup at Polygon Labs: President will step down and chief legal officer will become CEO
The change in leadership came as the platform has been preparing a set of upgrades branded “Polygon 2.0”.
LayerZero’s market shifting, there’s a better environment ahead for everyone, CEO says
LayerZero CEO Bryan Pellegrino is optimistic about the future of the blockchain industry and the “really important plumbing” LayerZero provides for it.
Mythical Games raises $37M for in-game marketplace in Series C round
The company expects to raise another $20-$30 million when the full round closes in the coming months.
Grinding out a living: Can blockchain games really offer a sustainable income?
Blockchain gaming executives believe the law has not yet caught up with the concept of earning a living through gaming.