Fun

News Feed - 2023-09-22 12:09:00

Tom Blackstone9 hours agoFarmville co-creator-led company raises $33M to create Web3 gamesProof of Play raised $33 million to create fully on-chain games that “quickly immerse players in fun gameplay.“1504 Total views8 Total sharesListen to article 0:00NewsJoin us on social networksProof of Play, a company led by Farmville co-creator Amitt Mahajan, raised $33 million to create Web3 games, according to a Sept. 21 announcement. Majahan is the CEO of Proof of Play, and Twitch co-founder Emmett Shear is a board member.


The funding was co-led by Chris Dixon at Andreessen Horowitz (a16z) and Neil Mehta at Greenoaks. Investors Naval Ravikant, Balaji Srinivasan and the founders of streaming platform Twitch also participated, as well as Web3 firms Anchorage Digital, Mercury, Firebase, Zynga and Alchemy.


Proof of Play released a closed beta of its first game, Pirate Nation, in December 2022.Pirate Nation Web3 game. Source: Proof of Play


In its announcement, the company claimed it can overcome many roadblocks players commonly encounter when attempting to play Web3 games. It stated that it possesses “a set of technological and product innovations” that will “quickly immerse players in fun gameplay” without learning about blockchain first.


Related:Atari founder sees Web3 games as vital for virtual ownership and education


Proof of Play also stated that it is committed to decentralization. Pirate Nation is a “Forever Game” that can be run without external servers or creator intervention, adding that the company intends to open-source its technology framework in the future to decentralize further.


The Proof of Play team includes members from several large gaming and web companies, including Epic Games, Zynga, EA, Activision and Google.


Multimillion-dollar funding rounds from Web3 companies have become the norm in 2023. EVE Online developer CCP Games raised $40 million in March to develop a new spinoff EVE game, and Hyperplayraised $12 million in June to further develop its distribution platform and Steam competitor.# Blockchain# Ethereum# Venture Capital# Adoption# NFT# GamingAdd reactionAdd reactionRead moreHow to earn passive income with peer-to-peer lendingIndian state governments spur blockchain adoption in public administrationHow to buy Bitcoin with Venmo

News Feed

XRP Puzzle: London Fund Manager Breaks Down Why Price Isn’t Rising
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Report: Nigerian Central Bank Targets Tenfold Increase in Number of CBDC Users, Governor Says Use of Cash Will ‘Dissipate to Zero’
Report: Nigerian Central Bank Targets Tenfold Increase in Number of CBDC Users, Governor Says Use of Cash Will "Dissipate to Zero" Despite the apparent slow embrace of the e-naira
Derek Andersen1 hour agoStrict Canadian crypto exchange rules allowed Kraken clarity to invest there, exec saysKraken’s Canada managing director told Cointelegraph in an interview that attaining restricted dealer statu
Bitcoin trader warns of local BTC price top after $530M ETF inflows
William Suberg1 hour agoBitcoin trader warns of local BTC price top after $530M ETF inflowsBTC price “profit taking” has resulted from large ETF inflow days in the past, while both Bitcoin and Ether shrug off the lat
Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum
Stablecoin USDC"s ERC20 Issuance Surpasses USDT"s Total Supply on Ethereum On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 bill
Indian Government Clarifies Position on Cryptocurrency and Digital Rupee
Indian Government Clarifies Position on Cryptocurrency and Digital Rupee The Indian government has clarified its position on cryptocurrency and the country&rsquo
Solana Market Cap Surpasses $100 Billion, Setting Up SOL For Potential ATH Rally
Este artículo también está disponible en español. Solana (SOL) recently saw its market cap surge past $100 billion, setting the stage for a potential all-time high (ATH)
Gofaizen & Sherle to Help Businesses Scale the New Lithuanian Cryptocurrency Regulations
Gofaizen & Sherle to Help Businesses Scale the New Lithuanian Cryptocurrency Regulations press release PRESS RELEASE.In light of the strengthened supervision of the cryptocurrency s
What’s Behind Bitcoin And Ethereum’s Exchange Exodus? Record-Low Reserves Could Hold The Key
Este artículo también está disponible en español. Crypto investors are not keen on dealing with cryptocurrency trading platforms, which has resulted in the dwindling exch
Hungary’s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining
Hungary"s Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining The governor of Hungary’s central bank has called for a ban on cryptocurrency trad
Ethereum scaling ecosystem’s combined TPS hits new all-time high
Brayden Lindrea3 hours agoEthereum scaling ecosystem’s combined TPS hits new all-time highOver 41% of those transactions took place on Xai, a new Ethereum layer-3 scaling solution focused on gaming applications.1126 To
Blockdaemon gets greenlight for UAE expansion in Abu Dhabi
Savannah Fortis13 hours agoBlockdaemon gets greenlight for UAE expansion in Abu DhabiBlockdaemon gets the go-ahead for further expansion in the UAE with a new office in Abu Dhabi to boost web3 growth and push for institu