Fenix Games And The Blockchain

Fenix Games And The Blockchain

Play To Earn Games | 08 May 2024 12:38 UTC

Web3 gaming continues to progress as new projects continue to receive investments and attract funds. Fenix Games has raised $150 million in funding to establish a new and distinct blockchain game publisher. The company plans to launch a publisher as well as a platform for blockchain games that will help these games hit the market. More simply, Fenix Games plans to invest, acquire, and publish existing and future blockchain games.

The investment was led by Cypher Capital and Phoenix Group. Web3-based gaming continues to attract big investment companies. Several big investment companies are eyeing the opportunity to acquire or invest in blockchain gaming startups. However, there are many developers and investors tinkering with the game infrastructure, middleware, and more. There is far too little effort being made to fill the enormous gap of missing publishers. Publishers will aid in the commercialization of games. 

Fenix Games highlights Blockchain Gaps and Provides a Solution 

Fenix Games plans to take blockchain gaming to the next phase of consolidation. They will act as a VC fund arm to fund blockchain gaming. Moreover, the firm feels that there exists a structural gap in blockchain game development that they aim to fill. According to Fenix Games, blockchain gaming lacks the blending function that mobile free-to-play had. For a game to launch, scale, and provide live services, it must combine analytics and product management functions. Fenix Games aims to create a similar blend and fill in the gaps the blockchain gaming industry has.

Fenix Games has raised $150 million in funding to establish a new and distinct blockchain game publisher. Web3 gaming continues to progress!
Fenix Games has raised $150 million in funding

Just like the after-sale live operations and services of traditional games, blockchain games will need game market economies to operate. So, the key here for Fenix Games is to capitalize on the combination of market economies and live operations to help publish all sorts of games like premium, free-to-play, and blockchain gaming across all platforms.

Fenix Games also plans to facilitate the transition of gamers from Web2-based traditional games to Web3. Web3 games, on the other hand, lack the necessary tools, infrastructure, and support to achieve widespread adoption. The example is evident in Web2-style traditional gaming, where it has mature distribution platforms that help rope in billions of gamers.

Chris Ko, CEO of Fenix Games 

Chris Ko, the CEO of Fenix Games, has rich professional experience spanning more than 20 years. Previously, Ko worked as Senior Vice President of Corporate Development for Mythical Games. He also held important positions at Electronic Arts and Kabam. He also served at JP Morgan as an equity research analyst and a portfolio manager for Blackrock.

Ko said, "I see a huge gap right now with various developers experimenting with game infrastructure, middleware, and more. "There isn’t anyone really filling the publisher role and trying to figure out how you go to market successfully." He further added, "By taking a publishing approach, we abstract ourselves from the technologies." "We play Switzerland when it comes to technology, and we mitigate risks."

Ko further added, "The infrastructure, tools, and support just do not exist." "We believe there is an opportunity for the role of publishing to elevate its role in the gaming ecosystem."

Check out our previous weekly news roundup, which included Star Atlas and its sales; Splinterlands laying off 45% of its workforce; according to a Deloitte study, the metaverse is a trillion-dollar market; The Sandbox launches land sales featuring Snoop Dogg, Playboy, and more; Last Expedition, a AAA blockchain FPS game, has received updates; and more.

PlayToEarnGames.com is a website where we keep an overview of all games in the genres of P2E, NFT, Crypto, Web3, and Blockchain games. Check out our games page or find a "play-to-earn" games list here. More information about W3 Play can be found on our about us page. Our news is daily updated on all video games and game developers. Stay tuned.

Gaming News Of Video Game Consultant;

Every day the latest video game news about the gaming industry. Video games news on NFTs (non-fungible tokens, NFT, NFT’s), Play to Earn (P2E/Play-to-Earn), crypto games and cryptocurrencies, gaming guilds, Metaverse, VR, AR, AI, Virtual Worlds, Avatars, Digital Assets, In-game digital currencies, Web3 development, Blockchain-based video games and its transactions and payments in the games.

Entertainment and all the big tech companies and technology behind it. Hyper Casual Games and the game studios that lead the way. Mobile games, PC games, and Console Games and their vision on cloud gaming, streaming, esports, and gamer communities. Online digital entertainment like movies, music, concerts, art, and top brands such as fashion and much more that connect with video games in the metaverse.

If you want to stay up-to-date of Gumi Cryptos Capital, then follow me on Google News.

Want to stay updated about Play-To-Earn Games?

Join our weekly newsletter now.

See All
Immutable Passport Surpasses 1M Signups, Supports 300+ Blockchain Games!

Immutable Passport Surpasses 1M Signups, Supports 300+ Blockchain Games!

Immutable Passport has just hit over 1 million signups, and we’re just getting started! This revolutionary tool is designed to onboard the next billion users to web3, making blockchain gaming more accessible than ever. With a jump from 400,000 to 1 million users in just one month, the excitement is real. Plus, Immutable Passport now supports over 300 well-funded blockchain games, including the highly anticipated Guild of Guardians. Say goodbye to complex signups and hello to easy gaming with password-free sign-in and automatic wallet setup. This self-custodial model ensures your privacy and security while providing valuable player analytics. Whether you’re a gamer or a developer, Immutable Passport is set to revolutionize the way you interact with digital assets. Get ready for something amazing – this is just the beginning!

Read more
Legions 2029 Season 1: Epic New Features, NFTs, and Free Battle Pass!

Legions 2029 Season 1: Epic New Features, NFTs, and Free Battle Pass!

Legions 2029 Season 1 is finally here, and it's packed with epic new features and content that you won’t believe. From the insane Timed Challenge Mode to awesome avatar customization options, there's so much to dive into. Plus, you can grab the free Season 1 Battle Pass to unlock exclusive, mintable items. The game now includes a dynamic player economy where you can trade and mint your in-game items as NFTs. Upgrade your gear with The Transmuter, get temporary boosts, and discover legendary weapons. Don’t forget to join the mainnet Alpha for community playtesting and give your feedback to help shape the game. With stunning Unreal Engine 5 graphics and an extended progression system letting you level up to 30, Legions 2029 is pushing the boundaries of web3 gaming. Get ready to be blown away! Dive into Legions 2029 Season 1 now!

Read more
Rebel Bots Xoil Wars Update 1.1.4, with $XOIL and $RBLS tokens!

Rebel Bots Xoil Wars Update 1.1.4, with $XOIL and $RBLS tokens!

Get ready for the epic Rebel Bots Xoil Wars Update 1.1.4! This blockchain strategy game just got even better with two brand new leaderboards and an enhanced prize distribution system. Now, you can compete in the My Kingdom Leaderboard for a share of 4000 $XOIL, battle it out in the All Kingdoms Leaderboard for 8000 $RBLS, and strive to be in the top 100 on the All Players Leaderboard to win 10k $RBLS. Plus, with future seasons being shortened to just 2 weeks, there’s going to be more action and more chances to win! This update is all about boosting the competitive experience with dynamic rewards. You won’t believe the crazy changes coming your way. Let’s dive right in and get those prizes. This is going to be insane! Let’s go!

Read more

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

Play-to-Earn Game List
No obligationsFree to use