Quick take: The program is launched in partnership with the Digital Worlds Foundation. It offers incentives for exploring games in the expansive Immutable ecosystem, which currently boasts more than 270 gaming titles. Beginning April 25th, players can receive rewards by exploring quests, playing games and owning collections on Immutable. Immutable has secured $50 million in token rewards for The Quest Program, a Web3 gaming rewards program that rewards players for engaging with the Immutable ecosystem. The company expects more token commitments to come from the games building on Immutable. L ..read more

Quick take: The companies will collaborate to create a new metaverse gaming experience and expand their communities. Mon Protocol will also airdrop TPZ tokens to the MON token as part of the integration. The collaboration stands to boost the Pixelmon user base to more than a million users. Mon Protocol has teamed up with the quest-based roleplaying battler game PivelVerse to build a new virtual gaming experience. The partnership is part of Mon Protocol’s strategy of adding diverse content to its portfolio. The integration will also see TPZ tokens airdropped to holders of the MON token, which ..read more

Quick take: The company will use the funds to develop its debut Web3 MMO title, AVALON. AVALON will allow gamers to carry in-game assets across different worlds. The company leverages AI gaming technology from Didimo and Inworld AI to create an ever-evolving gameplay with user-generated worlds and experiences. Avalon, the independent Web3 gaming studio founded by former Microsoft, Sony, Capcom, Infinity Ward, and Ubisoft vets has raised $10 million in a funding round co-led by BITKRAFT Ventures and HASHED. The fundraising also attracted participation from Coinbase Ventures, Spartan Capital ..read more

Quick take: This integration is part of Oasys’ 2024 Dragon Update, which focuses on enhancing interoperability across its gaming ecosystem. The interoperability integration will first take place on the Oasys’ Layer 2 HOME Verse before later expanding to the L1 Hub-Layer and other Verses. Users will be able to mint and transfer NFTs from all LayerZero-supported chains and use them with the Oasys gaming ecosystem. Oasys, the gaming-focused chain is expanding its ecosystem with interoperable gaming support topping its list of features for the 2024 Dragon Update. The company has teamed up with L ..read more

Quick take: TV Asahi has also extended an invitation to other industry participants interested in backing the program including investors, IP holders and blockchain service providers. The company will help game developers liaise with licensors and anime production committees owning IP for music, video, and other multimedia. The program will also continue to offer post-launch support through mentorship and advisory services. Extra Mile the Japanese mobile and blockchain gaming company has teamed up with Tokyo’s TV Asahi Group to launch a Web3 accelerator program focused on blockchain games. T ..read more

Quick take: The company said the fund will be crucial in the development of the Mojo ecosystem and the studio’s growth story. Planet Mojo’s first game on its Metaverse platform launched in 2023. Described as a next-gen AutoChess Battler game, Mojo Melee allows players to engage in battles and “earn real rewards as they play”. Indie Web3 gaming studio, Planet Mojo has announced a new strategic funding round led by Animoca Brands, Merit Circle and Courtside VC. The new capital brings the total raised to date to $10.5 million, the company said. The company previously raised $5 million in a seed ..read more

Quick take: The new fund will invest in studios, platforms, and technology within the gaming and interactive media space. Once closed, the new fund brings Bitkraft Ventures’ total assets under management to $1 billion. According to Bitkraft’s founding general partner, Jens Hilgers, his company maintains high conviction for Web3 games having previously backed Gods Unchained creator Immutable. Bitkraft Ventures has launched a $275 million venture fund to invest in early-stage startups involved in gaming and interactive media. The company said once the fund is closed, it will have $1 billion in ..read more

Quick take: The funds will be invested over the next 45 days Andrew Chen, said in an X post on April 1. Each startup will receive $750,000 while also gaining access to mentorship from leading gaming advisers and investors. This is the third cohort of projects in the $75 million accelerator. Andreessen Horowitz Gaming and Technology investment unit A16z Games has opened applications for the third cohort of its $75 million SPEEDRUN Accelerator program.  Announcing the criteria for selecting and backing projects via a post on X, Andrew Chen, general partner at A16z, who oversees Games Fund ..read more

Quick take: In Wilder World, players are challenged to defy an authoritarian regime, FORUM and they endeavour to defend Wiami. The game has been under development since 2021 and is being promoted as the ‘GTA of Web3’. Wilder World’s first experience, a competitive racing game set in the Wiami universe is currently in alpha testing and scheduled for wider release in 2024. Wilder World, a AAA massively multiplayer online (MMO) metaverse game has launched on the Epic Games store. The game is now available for whitelisting allowing players to explore Wiami, “a virtual city where ancient wisdom m ..read more

Quick take: The round attracted participation from Distributed Global, VanEck, Solana Ventures, Big Brain Holdings, Synergis and Spartan Group, among others. The announcement comes barely a month following the game’s launch on open beta at the end of February.  Parallel previously raised $50 million in a funding round led by Paradigm. Blockchain-based sci-fi card game Parallel has secured a $35 million funding round from multiple investors. The fundraising attracted some of the biggest names in Web3 funding including Distributed Global, VanEck, Solana Ventures, Big Brain Holdings, Syner ..read more