Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

Nexon, a gaming industry giant, is making waves with a groundbreaking $100 million investment in its Web3 venture, MapleStory Universe. With a robust $27 billion valuation, Nexon aims to redefine the MMORPG landscape through transformative blockchain integration. The investment not only attracts attention from the crypto community but positions MapleStory Universe as a frontrunner in the evolving Web3 gaming domain. Despite undisclosed specifics, a comprehensive roadmap expected in the first half of 2024 instills confidence in the project's direction. MapleStory Universe, fueled by Polygon Supernets, introduces a dynamic virtual ecosystem, seamlessly integrating NFTs into gameplay. Nexon's vision extends beyond mere tools, envisioning games as lifelong journeys fostering self-sustaining communities. With 180 million registered users, MapleStory strives to set a benchmark in the burgeoning GameFi industry, propelled by the massive funding injection to elevate in-game economies and user experiences. The future holds great promise as MapleStory Universe emerges as a trailblazer in the Web3-driven evolution of gaming.

The DappRadar report reveals that the Web3 gaming industry raised $739 million in Q1 2023, with $434 million in March alone. Good funding is essential for Web3 games to succeed, with half of March's investment ($214 million) going towards game and metaverse companies, and $159 million to infrastructure firms. Though there was an 8.58% decline in daily unique active wallets (dUAW), gaming still accounts for nearly half (45.6%) of the Web3 industry. The report suggests that the Web3 gaming industry is thriving, with significant investment and opportunities for future growth and development.

The recent addition of capital of blockchain is Dragonfly Capital’s third funding round. The focus is on investing in crypto-based projects

Blockchain gaming enjoys the high tide as Hong Kong-based crypto game studio Animoca Brands raises $360 million in a recent funding round.

Admix, the London-based game monetization, and ad firm announced that it raised 25 million dollars in a Series B funding round.

Inside its metaverse, Manticore Games had music, games, and entertainment talks by meta-panels about the metaverse.

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