Blockchain Gaming Giants Secured Millions in Funding, Driving Industry Innovation in 2024

Blockchain Gaming Giants Secured Millions in Funding, Driving Industry Innovation in 2024

Play To Earn Games | 11 Apr 2024 06:25 UTC

Because of more series of investment rounds in the blockchain gaming industry, a number of big companies have hit new heights. This shows how blockchain technology could be useful in the game industry.

Blockchain gaming companies that got funding:

1. Animoca Brands: Revolutionizing Blockchain Gaming

Animoca Brands, based in Hong Kong, is a leader in blockchain games thanks to its $1 billion in funding. The company's main focus is on creating, manufacturing, and investing in blockchain games and goods. Some of its most popular games are The Sandbox and Axie Infinity.

2. Sky Mavis: Axie Infinity's Meteoric Rise

The Vietnamese company Sky Mavis, which created the enormously well-liked blockchain game Axie Infinity, raised an astounding $1 billion in a round of funding that Andreessen Horowitz led. With over 2 million daily active gamers and $2 billion in revenue, Sky Mavis keeps changing the way people play games to make money.

3. Mythical Games: Blankos Block Party and Beyond

The San Francisco-based company Mythical Games has raised more than $500 million and is a major player in the development of blockchain games. Blankos Block Party, the company's most popular game, and NFL Rivals has helped it become so popular by giving each player a unique and personalized gaming experience.

4. Decentraland: Shaping Decentralized Virtual Worlds

Decentraland received $26 million in a Series B investment round that Animoca Brands led. Users can buy, sell, and make virtual land in Decentraland, which is based on the Ethereum blockchain. This brings a new era of ownership and creation to the gaming world.

5. The Sandbox: Empowering User-Created Content

A series B round of funding for The Sandbox, an Ethereum-based decentralized gaming platform, brought in $93 million. People can now create, build, and sell their own games on this platform. This starts a new era of user-generated content in the gaming industry.

6. Aavegotchi: Pixelated Ghosts and $30 Million in Series A Funding

Blockchain-based collecting game Aavegotchi has received $30 million in Series A funding, with Animoca Brands serving as the lead investor. The popularity of Aavegotchi, a toy that lets people gather, trade, and fight pixelated ghosts, shows that people in the blockchain space want more and more unique and immersive games.

7. Alien Worlds: Mining Trilium in the Play-to-Earn Space

Ascensive Assets led the $10 million seed funding for Alien Worlds, a blockchain game where players can create the game's own currency, Trilium (TLM). The game has become an important part of the blockchain gaming environment thanks to its unique economic model and fun gameplay.

8. Gods Unchained: Immutable X Blockchain and $30 Million in Series B Funding

There was a $30 million series B funding round for Gods Unchained, a free-to-play trade card game built on the Immutable X blockchain. Dapper Labs led the round. The investment highlights how blockchain-based trading card games are becoming more popular and how decentralized markets could be used in the gaming industry.

The amazing speed with which these startups were able to raise a lot of money shows how quickly the blockchain game industry is growing and how much potential it has. As long as these huge companies keep coming up with new ideas and changing the gaming scene, the future looks exciting for both gamers and investors. Without a doubt, blockchain gaming is at the forefront of the gaming revolution. It is changing how games are made, how they are monetized, and how people around the world play them.

Blockchain Gaming Giants Secured Millions in Funding, Driving Industry Innovation in 2024
Blockchain Gaming Giants Secured Millions in Funding, Driving Industry Innovation in 2024

Frequently Asked Questions

1. What is Animoca Brands, and how is it revolutionizing blockchain gaming?

Animoca Brands, based in Hong Kong, is a leader in blockchain games with a focus on creating, manufacturing, and investing in blockchain games and goods. They are known for popular games like The Sandbox and Axie Infinity, and they've received $1 billion in funding.

2. What is Sky Mavis, and what led to Axie Infinity's meteoric rise?

Sky Mavis, a Vietnamese company, created the popular blockchain game Axie Infinity, raising an astounding $1 billion in funding led by Andreessen Horowitz. With over 2 million daily active gamers and $2 billion in revenue, Axie Infinity is changing how people play games to make money.

3. What is Mythical Games known for, and how does Blankos Block Party contribute to its success?

Mythical Games, based in San Francisco, is a major player in the development of blockchain games with over $500 million in funding. Blankos Block Party, their popular game, offers each player a unique and personalized gaming experience, contributing to their success.

4. How did Decentraland shape decentralized virtual worlds with the help of Animoca Brands?

In a Series B investment round led by Animoca Brands, Decentraland received $26 million. Users can buy, sell, and make virtual land in Decentraland, based on the Ethereum blockchain, bringing a new era of ownership and creation to the gaming world.

5. What role does The Sandbox play in empowering user-created content in the gaming industry?

The Sandbox, an Ethereum-based decentralized gaming platform, raised $93 million in a Series B round. Users can now create, build, and sell their own games, marking a new era of user-generated content in the gaming industry.

6. How did Aavegotchi, based on blockchain technology, secure $30 million in Series A funding led by Animoca Brands?

Aavegotchi, a collecting game based on blockchain technology, secured $30 million in Series A funding led by Animoca Brands. The game allows people to gather, trade, and fight pixelated ghosts, showcasing the demand for unique and immersive blockchain games.

7. How did Alien Worlds secure $10 million in seed funding, and what makes it unique in the play-to-earn space?

Ascensive Assets led the $10 million seed funding for Alien Worlds, a blockchain game where players can create the game's own currency, Trilium (TLM). The game's unique economic model and fun gameplay make it an important part of the blockchain gaming environment.

8. What is Gods Unchained, and how did it secure $30 million in Series B funding for its blockchain-based trading card game?

Gods Unchained, a free-to-play trade card game built on the Immutable X blockchain, secured $30 million in Series B funding led by Dapper Labs. This highlights the growing popularity of blockchain-based trading card games and the potential of decentralized markets in the gaming industry.

9. What does the speed of fundraising for these startups indicate about the blockchain game industry?

The rapid fundraising of these startups demonstrates the quick growth of the blockchain game industry and its immense potential. As long as innovative ideas continue to shape the gaming scene, the future looks exciting for both gamers and investors.

10. How is blockchain gaming at the forefront of the gaming revolution?

Blockchain gaming is changing how games are made, monetized, and played globally. It introduces new ideas and innovations that excite both gamers and investors, positioning itself at the forefront of the gaming revolution.


Blockchain Games And Funding

Pay close attention to big names in the field like Animoca Brands and the fast growth of Axie Infinity, which has raised $1 billion and is setting new standards. Check out Blankos Block Party by Mythical Games, which shows how powerful user-generated content can be, and Decentraland's groundbreaking virtual worlds, which have raised $26 million. The $93 million Series B funding for The Sandbox shows a shift toward games that users build. Take the $30 million Series A funding round for Aavegotchi as an example of how important it is to have engaging blockchain games. Alien Worlds' play-to-earn place and Gods Unchained's $30 million Series B funding show how things are changing. Get ready for a journey that will change your life as blockchain gaming leads the way in new ideas, changes the way money is made, and opens up a thrilling future at the forefront of the gaming revolution.

Do check our our game reviews on Play-to-Earn NFT Games. Or browse through the long list of P2E Games for more fun! More indepth info and explaining we give you in our article Play to Earn Web3 Games.

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Mojo Melee - Game Review

Mojo Melee - Game Review

Mojo Melee is the first game in the Planet Mojo metaverse. It is a PvP game that is similar to chess and has both NFTs and auto-battle strategies. Planet Mojo's immersive metaverse gets its start with Mojo Melee, which gives the autochess battler genre a new twist. Mojo Melee is based on popular games like Dota Auto Chess, Dota Underlords, and Teamfight Tactics. It lets players compete head-to-head in mini-tournaments that are a lot of fun. The game is interesting because it has a strategic planning phase where you can improve and place your teams, and then it has intense combat phases. Mystic Moose wants to change the way auto-battle games are made by adding new features and taking on established heavyweights like Teamfight Tactics by using their years of experience making games.

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Blockchain Brawlers - NFT Game Review

Blockchain Brawlers - NFT Game Review

Blockchain Brawlers is a flagship project of WAX Studios. It is a game where quirky, funny, rowdy, weird NFT wrestlers fight with each other in brawls. So, the winner earns the reward; the game token Brawlers $BRWL. Moreover, it is the first wrestling-themed NFT game on the blockchain technology platform. The players can buy the NFT wrestlers and equip them with equipment from the World Assets eXchange (WAX) with $BRWL to fight in the matches against other wrestlers. Blockchain Brawlers tokenomics showed promising signs early on. The BRWL token showed a drastic increase in value of over 150% in the month of May 2022 which is only 1 month after the game’s release on 30th March. It is because 2000 new unique wallets were activated in connection to the WAX platform of the game. Blockchain Brawlers Gameplay: Players need a wrestling ring and a brawler to start playing the game. There are various kinds of these arenas and wrestlers that are available for a price to the players. Moreover, the prices are different depending on their rarity. However, the game has a huge floor price of at least $6000 to buy a ring and a wrestler which critics claim to be a “digital serfdom”. Therefore, many players who aren't affluent enough have the option to rent the ring and the brawler. Apart from buying the brawlers, the players can create their own brawlers through different items which require more time and skill, and definitely more BRWL tokens. If a player doesn’t have enough BRWL tokens, they can be purchased from the secondary marketplaces of WAX like the Atomic Hub. The game economy is simple: create brawlers, train them, equip them, fight them, and earn.

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Mytheria - Game Review

Mytheria - Game Review

Mytheria is an innovative card game that allows players to earn non-fungible tokens (NFTs) as they play. It is the first game of its kind that combines the fun of card games with the opportunity to create and earn NFTs. Mytheria is a game that is particularly well-suited for the artist community. Its development has focused on supporting and fostering the artist community, and the game includes a feature called GODFORGE, which is a create-to-earn platform for artists. This allows artists to use their skills and creativity to earn NFTs within the game. In the world of Mytheria, players take on the role of gods from various cultural traditions as they engage in battles for honor and glory. The game features hundreds of avatars and artifacts for players to choose from as they build their decks of cards. These cards are used to defeat opponents in combat and emerge victorious. Mytheria is the first play-to-earn NFT game to offer create-to-earn capabilities, which allows players to earn NFTs through both their gameplay and their unique characters. This innovative feature gives players the opportunity to not only enjoy the game, but also to use their creativity and skills to earn rewards within the game. In Mytheria, players can showcase their skills and abilities in both PvE and PvP modes, and have the opportunity to earn money through trade, collection, and the gacha system. This combination of gameplay and earning potential helps to keep players motivated and engaged in the game. Mytheria Gameplay: Everyone who joins the game receives the starter deck, which consists of 40 distinct cards, so users can begin playing it for free. The fighting arena is set up like a MOBA, with two lanes. Moreover, the player's task is to protect their tower while attacking the towers of the enemy. A round of Mytheria consists of five phases, and the game continues until a winner is declared. The outcome of the skill-based game depends on both tactically creating the deck prior to the game and decision-making made during it.

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The Fabled - Game Review

The Fabled - Game Review

The Fabled is a blockchain role-playing game (RPG) that is powered by Unreal Engine 5. Players can own NFT characters and earn ABYS tokens by playing the game. The Fabled is an action role-playing game that was inspired by games like Demon's Souls and the Dark Souls series. It gives you a unique Web3 experience by adding blockchain features to the gameplay. I will compare the game to the Dark Souls series throughout this review to show how similar it is. Also, go into a scary, dark place with monsters that look like they came straight out of a nightmare. Also, even on the "high" setting, the game's beautiful graphics make it easy to get lost in the world. The Fabled shows a world that is split into the overworld and the abyss. This universe has scars from a disaster that happened a long time ago. In this setting, players can choose between gods, demons, and warriors for their characters. Characters level up and get rare weapons and artifacts that make them stronger and give them new abilities. Exploring the abyss also gives you a wide range of combat challenges. The core of the game is fast-paced and skill-based combat. There are many ways to fight, such as with a long-range bow, a quick one-handed sword, or a powerful two-handed weapon. Also, the game has two main ways to play: on foot, where players can specialize in close combat, archery, or magic, and flying, which lets them fight dragons in the air. ABYS tokens can be used to move hard-minted items and soft-minted items from enemies and levels to the blockchain. This improves the look and stats of the items.

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Chronos: Dawn of Time - Game Review

Chronos: Dawn of Time - Game Review

Chronos, a 2D action RPG set in a post-apocalyptic world, requires battling fierce enemies and building an empire while exploring the dawn of time in an NFT-based economy. Chronos is a multiplayer, side-scrolling RPG set in a post-apocalyptic world where players interact in a social hub, venture through portals for matches, and engage in various game modes like team PvP, survival arena PvE, and mixed PvE/PvP battles. By playing matches, they earn crafting resources and Dark Aether tokens, but their characters have limited energy that refills gradually. To enhance their characters, players can spend crystals on stat upgrades and skill points for special abilities. Equipping weapons and armor is vital, with NFT items offering durability. Travelers, the NFT avatars, come with stat boosts. Players can explore dungeons, craft NFTs, and use in-game currency for Ethereum rewards. The project, still in early stages, promises a fun and engaging old-school 2D RPG experience. Chronos stands out with no crypto token, but NFTs are integral, and the gameplay draws inspiration from classic games, challenging players to survive obstacles and defeat monsters using a variety of weapons and crafted items. The heart of the game lies in these digital avatars known as Travelers. Arriving on Earth with unknown origins, they strive to survive and unravel the surrounding mysteries. Travelers encompass diverse forms, such as humanoids, cyborgs, and magic wielders, each possessing unique characteristics and skillsets for crafting, upgrades, and dungeon adventures.

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Everseed - NFT Game Review

Everseed - NFT Game Review

Everseed is a massively multiplayer online (MMO) game that will be released on the Solana blockchain. Players can earn real money by farming and scavenging for seeds in the game. It combines elements of farming with the excitement of scavenging for valuable resources. Everseed is a farming and strategy game set in a virtual world called the metaverse. Players search for rare seeds in the flora and fauna, and then use those seeds to grow resources on their farms. In addition to farming, the game also features collectible, breedable pets that can be sold on the marketplace as non-fungible tokens (NFTs). The game is multiplayer, and players can earn rewards by participating in gameplay. Overall, Everseed combines elements of farming and resource management with the excitement of collecting and breeding virtual pets. Everseed Gameplay and Assets: Everseed is an MMO game developed by Amihan Entertainment, a group of gaming industry professionals from companies such as Riot Games and Blizzard. The game features multiple modes and tasks, including the ability to explore forests with collectible pets to find rare seeds and other treasures. Players can also farm these seeds and protect their land from threats like poachers and animals. To help with these tasks, players can form guilds with other players to work together and claim larger pieces of land. In addition to the farming and resource management aspects of the game, Everseed also includes a variety of collectible NFT pets, though further details about these pets have not yet been released. Game Economy: Everseed is a decentralized game with a player-owned economy, meaning that players can trade and sell the resources they gather, including rare seeds and other goods. All of the NFT items in the game are sustainable and have a long lifespan, with minimal carbon emissions. Players retain ownership of anything they earn or purchase in the game, and the developers have stated that the game's economy is designed to have a low impact on the environment, with a low emission of greenhouse gases. Overall, Everseed offers a unique gaming experience that combines farming, resource management, and collecting with the ability to trade and sell goods in a decentralized marketplace.

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Play To Earn Games: Best Blockchain Game List For NFTs and Crypto

Play-to-Earn Game List
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