Flood of Capital Hits NFT Gaming

This Week's Low-Down:

• 💸 CoinFund x Blizzard Fund Injects Gunzilla Games with $30M

• 🤑 Parallel Studios Nets $35M to Enhance NFT and AI Games

• 🚀 Immutable x Polygon Establish $100M Web3 Gaming Fund

• Illuvium Gains $12 Million Boost for NFT Game Universe (Bitcolumnist)

• What’s Next for Ethereum NFT Game ‘Parallel’ and Solana's ‘Colony’ After $35 Million Raise (Decrypt)

• Animoca Brands Launches Community-Focused $MOCA Token Sale (Bitcolumnist)

• Vitalik Buterin Shares the Next Steps for Ethereum Purge (Cointelegraph)

• Pudgy Penguins Flips BAYC’s Floor Price, Alters NFT Hierarchy (NFT Plazas)

• Sam Bankman-Fried Sentenced 25 Years Behind Bars (Bitcolumnist)

• NFTs are Like Nightclubs, Crypto’s a Volatile Religion: NFTStats, NFT Collector (Cointelegraph)

• Nansen Data Reports Pudgy Toys Prompt Over 59K New Wallets (NFT Plazas)

• Polygon Labs Joins Forces with ChainGPT for Easy NFT Creation (Bitcolumnist)

• Azuki Chooses Arbitrum for Anime-Focused Project AnimeChain (Decrypt)

• Mocaverse NFT Holders Gain Priority Access to Token Sale (NFT Plazas)

• From Solana to Gala: Amelia Daly to Shape Web3 Entertainment (Bitcolumnist)

Trending Collections on OpenSea:

• if you're here, you're based and early [Floor Price - <0.01 ETH]

• Persona [Floor Price - 0.38 ETH]

• NuCyber [Floor Price - 0.05 ETH]

CoinFund x Blizzard Fund Injects Gunzilla Games with $30M

Gunzilla Games secured a $30M funding round led by CoinFund and Blizzard Fund, with strategic contributions from Republic Capital and Morningstar Ventures.

• The funds will be used to accelerate the development and launch of their free-to-play battle game ‘Off the Grid’.

• Off the Grid will be released on PlayStation, Xbox, and PC, aiming to bridge the gap between traditional gaming and blockchain tech.

• With the capital, an on-chain marketplace called GUNZ is also being developed.

• GUNZ will enable the trading of NFTs for their own games and other AAA titles.

Parallel Studios Nets $35M to Enhance NFT and AI Games

Parallel Studios raised $35 million in its latest funding round to expand its NFT and AI-driven Web3 gaming ecosystem.

• Heavyweight investors like VanEck, Solana Ventures, and Solana co-founders back the project, showcasing significant support.

• The investment will enhance the Ethereum NFT game Parallel and the AI-driven game Colony, indicating strong crypto and gaming industry support.

• Additional goals include expanding the user base, launching on the Epic Games Store and Steam, and exploring mobile adaptations.

• Following a prior $50 million raise, this additional funding demonstrates continued confidence in Parallel Studios' blockchain gaming vision.

Immutable x Polygon Establish $100M Web3 Gaming Fund

Last but not least, Immutable, Polygon, and King River Capital merge to inject $100M capital into Web3 gaming via the ‘Inevitable Games Fund’.

• The fund aims to bolster Web3 infrastructures, foster cross-chain collaborations, and support top-tier games like MetalCore and Guild of Guardians.

• There is a strong focus on enhancing play-to-earn experiences, with ample funding and expert guidance accessible for AAA titles.

• Supported by industry giants, The Inevitable Games Fund is poised to lead gaming innovation and elevate awareness of Web3 gaming in 2024.

Today's edition was written by Leah Alger

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