Magic Eden Ventures Announces Their Investment in 11 Web3 Game Studios
Magic Eden, the premium cross-chain NFT platform, revealed that its venture arm has invested in 11 web3 gaming studios. The announcement demonstrates Magic Eden’s ongoing dedication to developing the web3 gaming sector. Magic Eden recently hired Chris Akhavan as its Chief Gaming Officer and expanded onto the Polygon blockchain. MatchDay, Blockstars, Epic League, Intella X, and other partners are included in this investment.
Chris Akhavan, Chief Gaming Officer at Magic Eden uploaded his recent discussion about web3 games. “We’re still at the beginning of what blockchain gaming will become. Experienced game studios building Web3-enabled games are pioneering something special — fun games with digital asset ownership and powerful economies that enable communities and creators to deepen their connection with the games they love.”
“It’s a powerful combination. We look forward to continuing our support of emerging game studios, and helping them achieve long-term success.”
Web3 gaming has created a huge opportunity for investors and players since they can make real value from the assets they own. Magic Eden Ventures’ devoted gaming team has been collaborating actively with game studios to share innovative ideas with a long-term plan in Web3 gaming. The 11 studios that have been picked for investment include both studios with traditional gaming history and Web3 native developers.
Magic Eden believes in working with people, who can add value to drive better results and innovative concepts. They decided to collaborate with game studios to help them start NFT projects, attract and keep players, and support playing infrastructure through the in-game marketplace. The whole range of goods and services offered by Magic Eden may help games be more engaging and profitable throughout the Web3 ecosystem.
Magic Eden has an extensive network to back these projects
Magic Eden provides unmatched reach to gaming businesses with 1.5M daily user sessions and 15-minute user sessions on average. Because of strong on-platform involvement, Magic Eden has started collaborating with post-mint game creators to test rewards tokens on its Rewards Hub, enabling them to interact with both new as well as current users. Magic Eden not only aids with game interaction and monetization but also supports game infrastructure. When games are playable, game producers can use Magic Eden’s APIs to create their own in-game marketplaces, allowing players to trade digital goods without leaving the game’s ecosystem.
The platform is expected to attract the next billion Web3 users. Magic Eden is developing a user-friendly platform supported by industry-leading minting and trading solutions under the direction of former experts in cryptocurrency, technology, and gaming. Magic Eden delivers vibrant cultural experiences to the blockchain, giving thousands of users in the online community the ability to create, find, and collect one-of-a-kind NFTs.
However, all of those 11 web3 gaming projects are significant to be discussed in this report, we will only analyze a handful of them in detail.
Blockstars
Blockstars is a musically themed simulation game that is incredibly immersive and captivating. Players assume the role of a music industry manager in this game which is meant to be played over a long period of time. They collect rock stars on the blockchain with a variety of special skills, put them into bands, level up their skills, write, record, and start releasing singles and albums, and stay competitive with other players in the music charts.
Bravo Ready
Bravo Ready provides exceptional services related to infrastructure in addition to creating video games like BR1:INFINITE and Mini Arena,. White labeling games, tools, and marketing approach for other games, as well as licensing risk-based and win-to-earn intellectual property. They are pioneers in the field of risk-based video games and created the ideas of “Kill-to-Earn” and “Pay-to-spawn.”
You can easily get 10% of a player’s earnings or $1 for each player you eliminate; all payments are made in US dollars.
Epic League
A group of video game enthusiasts with more than 200 years of combined expertise in the top gaming firms created the GameFi service platform known as Epic League. We give gamers a breakthrough playing experience by creating a blockchain-based gaming environment. DARK THRONE, the first game series from Epic League, is now available on mobile, PC and WebG. It has received 4.5 stars in the Android and iOS app stores with a 23% retention rate in D+30. Moreover, Space Monsters and Twilight Fantasy will also be released in 2023.
Lucky Kat/Panzerdogs
About 200 million people have downloaded games from the Lucky Kat app store, a multi-award-winning game studio based in the Netherlands. Its first web3 game, Panzerdogs: a play-to-earn PVP tank combat game, revolutionized the user experience. The game had a soft launch on iOS and Android, and within a short amount of time, it had amassed over 50,000 users. In the meantime, Lucky Kat is making progress on Cosmocadia, its second game, a cooperative community-based game where players construct their ideal island.
And More.
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