Research Summary
The report provides a comprehensive overview of the latest developments in the gaming metaverse. It highlights key events such as Moonveil Studio’s $5.4 million fundraising round, the launch of Draw.Tech by Small Brain Games, and Sleepagotchi’s graduation from Alliance DAO’s 11th cohort. The report also covers updates from various gaming platforms, upcoming game releases, and deep dives into topics like ROI in Axie Infinity and the future of the metaverse.
Key Takeaways
Fundraising and Launches
- Moonveil’s Successful Fundraising: Moonveil Studio closed a $5.4 million fundraising round led by Gumi Cryptos Capital & Arcane Group. The team is developing two games: Astrark: Stage ONE, a tower defense game, and Project B, a multiplayer strategy game.
- Launch of Draw.Tech: Small Brain Games launched Draw.Tech, a fully on-chain mobile game that gamifies art. Players compete for space on a dynamic game board by purchasing tiles to draw on, earning rewards and reputation as they own more tiles or make contributions that others want to keep.
Graduations and Partnerships
- Sleepagotchi’s Graduation: Sleepagotchi, a sleep tracking game, graduated from Alliance DAO’s 11th cohort. The game, which has attracted more than 14,000 monthly active users, helps users maintain a regular sleep schedule and rewards them with NFTs.
- Nifty Island’s Partnership: Nifty Island announced their partnership with Moonbirds, offering avatars and NFT prizes to holders in their open beta.
Upcoming Releases and Updates
- Star Atlas’s Upcoming Updates: Star Atlas announced that Play-to-Own is coming with its 2.2 update, featuring 3rd-person shooter modes, combat racing with up to 100 players, and new characters. The platform also plans to introduce new Crew Recruitment Packs in Q1 2024.
- Parallel’s Season 4: Parallel introduced Season 4: Sinister Ascent, featuring a new Battle Pass, the legendary card Baron Squire, the Vile, and various new customization options.
Deep Dives
- ROI in Axie Infinity: 1ogic released a guide on how to achieve a return on investment in Axie Infinity as a new or casual player.
- Web3 Studios’ Strategy: Wolves DAO discussed how Web3 studios are competing with industry giants by targeting the lucrative casual gaming mobile market and leveraging user-friendly onboarding, quick development cycles, and broad appeal.
Actionable Insights
- Investigate the Potential of On-Chain Mobile Games: The launch of Draw.Tech, a fully on-chain mobile game, indicates the growing potential of blockchain technology in the mobile gaming industry. Stakeholders should explore the opportunities presented by this trend.
- Consider the Benefits of Gamification: Sleepagotchi’s success in attracting users and maintaining retention through gamification suggests that this approach could be effective in other areas. Businesses could consider incorporating gamification into their strategies to engage users and encourage desired behaviors.
- Monitor the Evolution of the Metaverse: The report’s deep dives into topics like the future of the metaverse and the rise of “super games” highlight the rapid evolution of the gaming industry. Stakeholders should stay informed about these trends to identify potential opportunities and challenges.
