Fun

Square-Enix backs blockchain-based football MMO ‘Soccerverse’

News Feed - 2024-07-13 06:07:31

Tristan Greene2 hours agoSquare-Enix backs blockchain-based football MMO ‘Soccerverse’The game uses the Polygon blockchain and currently runs in most browsers.340 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksSoccerverse, the company behind the massively multiplayer online game of the same name, announced a $3.1 fundraise led by Japanese gaming giant Square-Enix on July 11. 


The game, which is currently available in beta, is a blockchain-based sports simulation similar to the Football Manager series that allows users to take on various roles such as coaching a team or representing a player. It runs on the Polygon blockchain and, while free-to-play, features web3 functionality.


According to a blog post, Square-Enix led the company’s most recent funding round alongside previous backer Hiro Capital.Funding


While the numbers raised might not turn the heads of any tech moguls, Soccerverse says it"s raised $4 million so far. Involvement from Square-Enix, publishers of the Final Fantasy franchise among numerous IPs, bodes well for the fledgling startup.


Hideaki Uehara, General Manager of Investment & Business Development at Square-Enix, expressed their enthusiasm for the project in quoted commentary published in the Soccerverse blog post:“Soccerverse stands out as the most innovative and unique game using blockchain features in the genre. We’re eager to continue our journey with it, now from the perspective of investors as well as fans."Timing


The timing of the funding round could prove significant for Soccerverse. While the game is currently available in beta, football management sims aren’t usually considered mainstream in the gaming world.


However, towards the end of this year, Sega and Sports Interactive are slated to launch the newest entry in the Football Manager franchise. This year marks a bit of a reboot for the venerable series as it switches to the Unity game engine and presents fans with a completely overhauled experience.


If Soccerverse is able to capitalize on the hype one way or another — by offering web3 denizens something to nerd out with alongside their old school gaming cohorts, or by offering disenfranchised mainstream gamers an alternative — it could pay dividends.


Soccerverse CEO Andy Gore touched on the company’s plans for the funds in the recent blog post:“We are thrilled to partner with a global gaming company of Square Enix’s reputation as we drive innovation and excellence in our game. This investment will allow us to attain new levels of quality and to reach a global audience.”


Related:Animoca Brands reports 72% increase in bookings for Q1 2024 over Q1 2023# Blockchain# Football# Funding# Investments# Games# Web3# NFT# PolygonAdd reaction

News Feed

Ukraine, Russia, South Africa, Nigeria Among Top Countries by Cryptocurrency Adoption
Ukraine, Russia, South Africa, Nigeria Among Top Countries by Cryptocurrency AdoptionUkraine, Russia, China, South Africa, Nigeria, Kenya, and the U.S. are among the top-ranking cou
Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners
Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners The federal government in Moscow has permitted regions to determine local electricity tariffs for the
Crypto Retirement: US Investment Firm Launches Employer-Sponsored Bitcoin 401(k) Plan
Crypto Retirement: US Investment Firm Launches Employer-Sponsored Bitcoin 401(k) Plan The U.S.-based company Digital Asset Investment Management (Daim) has annou
Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9 Years of Dormancy
Another 5,000 Bitcoin Sourced From Mt Gox Wake up After Close to 9 Years of Dormancy Last week Bitcoin.com News reported on two old bitcoin addresses created in 2013 sending 10,001
Crypto Exchange Coinbase Slows Hiring Amid Market Downturn
Crypto Exchange Coinbase Slows Hiring Amid Market Downturn Leading U.S. crypto exchange Coinbase is slowing hiring, citing the current down cycle in the market as a reason to rethi
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
JPMorgan, Bank of America, Wells Fargo Sued Over Trump"s Paycheck Protection Program Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and
Bitcoin, Ethereum Technical Analysis: BTC Climbs Above $30,000 as Balenciaga Greenlights Crypto Payments
Bitcoin, Ethereum Technical Analysis: BTC Climbs Above $30,000 as Balenciaga Greenlights Crypto Payments Bitcoin rallied to above $30,000 to start the week, as bulls returned to cr
Travel Rule Implementation Still Far Off Due to Tech Limitations, Australian Regulator Reports
Travel Rule Implementation Still Far Off Due to Tech Limitations, Australian Regulator Reports The Australian Department of Home Affairs stated that the country lacked the technica
What was Michael Saylor’s mistake?
Savannah Fortis9 hours agoWhat was Michael Saylor’s mistake?Cointelegraph uncovers the controversial decision of MicroStrategy’s Michael Saylor to invest heavily in Bitcoin — is a fundamental flaw in his strategy b
Uniswap CEO warns US President to reverse course on crypto policies
Turner Wright5 hours agoUniswap CEO warns US President to reverse course on crypto policiesHayden Adams suggested that crypto policies from the SEC and Senator Elizabeth Warren could hurt President Joe Biden’s chances
The US SEC Revokes Registration of Long Blockchain Corp’s Securities
The US SEC Revokes Registration of Long Blockchain Corp"s Securities The U.S. Securities and Exchange Commission (SEC) says it has revoked the registered securit
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Heading Into Easter Weekend
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Heading Into Easter Weekend Following strong gains towards the end of yesterday’s session, BTC consolidated today, as