There is more for one investment fund specializing in games. The venture company C2 Ventures and the blockchain platform Gala Games have opened their own fund for $ 100 million. The money will be invested in blockchain projects.

Hong Kong-based Animoca Brands has summed up the financial results of the first three quarters of 2021. The company specializing in NFT is doing well. Among other things, she said that from September to November, the value of her digital assets increased more than fivefold — to 22.57 billion Australian dollars ($15.87 billion).

Recently Ubisoft announced its own Quartz NFT platform. It will sell unique cosmetic items for the company’s AAA titles. Despite Ubisoft’s ambitious plans, the announcement video received over 96% dislikes. Players, among others, do not understand why they should use blockchain to sell “cosmetics”, because there are much more reliable and time-tested technologies for this.

Ethan Levy, executive producer of N3TWORK, is confident in the bright future of blockchain games. In a large column for the Deconstructor of Fun blog, he explained how the concept of digital ownership can change the relationship between developers and users, as well as solve key problems of the gaming economy. The main points from the material are in our retelling.

The sphere of blockchain games continues to attract investors. Forte startup immediately invested $ 725 million, which the company will spend on the development of its own platform. With its help, developers will be able to integrate blockchain technologies and related services into their video games.Image: Forte

The value of Hong Kong-based Animoca Brands continues to grow rapidly. Back in the summer, the company was valued at $1 billion. Now, after raising $65 million from 18 investors led by Ubisoft, its total valuation has reached an astronomical $2.2 billion.

It seems that Valve is set against blockchain games. According to the updated Steam rules, titles with NFT will not be allowed in the store. This also applies to projects already placed on the site.Age of Rust

The Vietnamese studio Sky Mavis, which developed the NFT game Axie Infinity, conducted a Series B financing round. The company received $ 150 million in investments from investors, and its market capitalization was estimated at $ 3 billion.

Tim Sweeney explained why there will be no NFT in Fortnite and other Epic Games. One of the reasons is the problem of fraud in this area. He also questioned the non-interchangeability of NFT, which as a result gave rise to a discussion in social networks.Fortnite

French startup Sorare raised $680 million. He operates an eponymous NFT game about football, the results of players in which depend on the performances of real athletes. According to the results of the round, the company’s valuation amounted to $4.3 billion.Sorare announced the completion of a new round of investments in its blog.

Axie Infinity has consolidated its position as the highest-grossing NFT game in the world. According to the latest data, the total volume of trading operations within the project has reached $2.05 billion. The users themselves have already made almost 5 million transactions in the game.The DappRadar portal told about the success of Axie Infinity.

This year, amid the growing popularity of NFT, there was a boom in decentralized games. The main hit in this market was the Vietnamese Axie Infinity, which allows you to breed and sell cute creatures. We are talking about the phenomenon of a project that has a trade turnover of over $1 billion and actually creates virtual jobs for young people.

NFT and video games are increasingly attracting the attention of luxury brands. Companies like Louis Vuitton and Burberry produce small mobile titles, create virtual characters and sell digital clothing. The Business Insider edition told about the latest developments in this market.Burberry

Polygon has gained fame as an Ethereum scaling platform. Now the company has decided to support blockchain games. To do this, she opened a gaming division and established a special fund for developers in the amount of $ 100 million.The opening of Polygon Studios became known on July 19.

The International Association of Game Developers (IGDA) has issued a statement on the use of blockchain by gaming companies. Experts called for reducing the use of NFT and doing other ways that require less energy and do not have as much impact on the environment.IGDA published a statement last week, but the network has only noticed it now.

The authorities of many countries are looking for ways to regulate the NFT market. This is exactly what happened to the authors of the game of the South Korean mobile game Five Stars for Klaytn. Local regulators have banned the operation of the project due to the presence of NFT in it. However, the developers eventually managed to win the court and return the game to the store.

In a little more than a year, the valuation of Hong Kong-based Animoca Brands has grown tenfold to $1 billion. The co-founder of the company Yat Siu (Yat Siu) told in an interview with the South China Morning Post how the development in the field of blockchain and NFT helped to achieve explosive growth.

The Philippine startup Yield Guild Games (YGG) has closed a Series A funding round. The company has received $4 million, which it is going to invest in the development of the “play to earn” model in mobile blockchain games.

The studio Mythical Games, which developed the online game Blankos Block Party, has raised $ 75 million for the development of its business and the development of new projects. The company relies on so-called “playable NFTs”, allowing players to buy and sell characters created by them.Blankos Block Party