Weekly News Digest with CARV | Moonveil & Neon Machine Secure Funding, Amazon Partners with WAX; Konvoy Q3 2023 Gaming Report

This is the weekly gaming news powered by CARV, covering the game updates and industry news from October 23rdth to October 30th, 2023.

As a platform focusing on gaming, CARV consistently strives to stay updated with the ever-changing game industry. In order to ensure that you are kept abreast of the latest gaming news, we are delighted to present you with a review of last week's highlights.

📌 Industry News

Web3 game studio Moonveil Entertainment secures $5.4 million in seed round [Read more]

Cayman Islands-based web3 game studio, Moonveil Entertainment, has raised $5.4 million in seed funding, led by Gumi Cryptos Capital and Arcane Group, with participation from Longhash, IOSG, and Infinity Ventures Crypto. Moonveil is developing games emphasizing player freedom and compensation through tokenomics and NFTs. The company was established in late 2022 and was in stealth mode until this announcement.

Shrapnel Game Studio Neon Machine Raises $20 Million Led by Polychain [Read more]

Seattle-based game studio Neon Machine has secured $20 million in a Series A funding round led by Polychain Capital, with participation from Griffin Gaming Partners, Brevan Howard Digital, and others. The funds will be used to further develop the first-person shooter game Shrapnel, set to launch an early-access version in December. Shrapnel incorporates NFTs for in-game assets, emphasizing user-generated content and player ownership. Neon Machine, previously part of HBO Interactive, has now raised a total of $37.5 million from various funding rounds.

Amazon Prime Gaming Joins Forces with WAX to Introduce Brawler's™ [Read more]

Blockchain Brawlers and Amazon Prime Gaming have partnered to redefine blockchain gaming. Players can expect exclusive benefits, real-world prizes, and an immersive gaming experience in the quirky Brawlerverse. The collaboration promises to be a game-changer in online gaming, expanding horizons in the world of blockchain gaming.

MOBOX & Project Twelve (P12) Unite [Read more]

Mobox, a leader in web3 gaming, has made a strategic investment in Project Twelve (P12), introducing a new era of on-chain gaming and user-generated content. This collaboration integrates P12's innovative on-chain engine with Mobox's platform, expanding game development possibilities and utility for the $MBOX token. It fosters a vibrant UGC economy and signifies Mobox's dedication to gaming innovation.

Upland Secures $7M Investment for Web3 Metaverse Expansion [Read more]

Upland, a web3 Metaverse app, has secured an additional $7 million in Series A funding, totaling $25 million. The platform has gained over 3 million accounts and nearly 300,000 virtual property owners on the EOS blockchain. The funds will be used to expand its digital economy, introduce AI-driven features, and make its utility token, Spark, tradable on external exchanges through a Token Tradability Event on Ethereum.

📌 Game Updates

Phantom Galaxies will be available on both Steam and Epic Games, with its Early Access release now scheduled for November 15th [Read more]

Blowfish Studios, a subsidiary of Animoca Brands, is releasing a Web3-enabled free version of Phantom Galaxies on its website and the Epic Games Store and a non-Web3 version on Steam. The game features fast-paced mecha combat, extensive character customization, and blockchain integration, allowing players to genuinely own digital assets. It aims to bridge the gap between traditional and Web3 gaming. The game will support multiple languages and is available for wishlisting on Steam and Epic Games Store. As the early access now is scheduled for Nov 15th, the team will use the additional time to find and fix bugs, polish the game further and ensure a seamless launch onto Steam and Epic Games.

Proof of Play Announced New Tech with Tradeable Contracts [Read more]

Proof of Play introduced "Tradeable Contracts" in their game system. These contracts allow items to be minted and burned in sync with core game contracts. New players, like the mentioned "Vitalik", can earn items but can't immediately sell them. Items are locked and invisible in the NFT marketplace until players achieve trading milestones. This method benefits the game economy, players, and developers by providing accurate demand data. These contracts are a temporary measure until an in-game marketplace is launched by Pirate Nation.

NFL Rivals crypto game scores nearly 3 million players as revenue climbs [Read more]

Blockchain game NFL Rivals, developed by Mythical Games, is gaining momentum with almost 3 million sign-ups. Player numbers, revenue, and retention rates have all increased since the NFL season began. Both Apple and Google have approved the game's in-game marketplace, where players can trade NFTs. The marketplace is being rolled out in three phases, with the first phase already implemented. NFL Rivals has generated millions of dollars in revenue since its full launch in August, with a nearly 50% increase in transaction volume since Apple and Google approved the marketplace.

📌 Industry Report

Konvoy Gaming Industry Report Q3 2023: Funding, M&A, and Web3 [Read more]