Remove Blockchain Remove Games Remove Social
article thumbnail

Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO

TechCrunch

This February, Africa and emerging market-focused Nestcoin raised a pre-seed round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). Gaming presents a unique opportunity to help young Africans earn and lift themselves and their families out of poverty.

Games 213
article thumbnail

Makers Fund-backed virtual social app MEW woos comic fans in the US

TechCrunch

Raven Gao didn’t set up virtual social platform MEW to ride the metaverse wave. He began working on MEW in mid-2019 with a Tencent veteran because he wanted to build a virtual safe haven for socially awkward introverts like himself. Blockchain naturally comes to mind as a potential incentive mechanism.

Social 224
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Primitives wants to turn your crypto wallet into a social network

TechCrunch

DJ Gabeau, one of Snapchat Stories’ earliest engineers and founder of web3 social network Primitives , told TechCrunch that he thinks NFTs can be a genuinely enjoyable way for people to connect with one another digitally and make memories. Users don’t have to go through multiple steps to claim the assets, he added.

Social 240
article thumbnail

WildWorks, maker of Animal Jam and Feral, angers fans with embrace of crypto gaming

TechCrunch

Less than a year ago, WildWorks, the makers of the kid’s virtual world game Animal Jam , launched its next big effort with a game aimed at Gen Z teens, called Feral. However, he says his opinion has since changed as he’s learned more about blockchain developments beyond Ethereum.

Games 214
article thumbnail

Can gaming resurrect the NFT market? OpenSea thinks so

TechCrunch

NFTs became synonymous with neo-wealth bubbling up from the blockchain economy, as a number of image collections that employed the digital asset format reached pop-culture status and eye-watering prices. First, gaming. The union of gaming and digital assets has proven to be a popular theme for press coverage and founder activity.

Games 190
article thumbnail

Revel raises $7.8M to become the Instagram and Robinhood of NFT platforms

TechCrunch

Revel , an NFT or “social collectibles” platform, raised $7.8 One way to describe Revel is a cross between Instagram and Robinhood, wrapped in social game economics,” Sideman said. Instagram is known as a social media platform while Robinhood is known as an investing and trading platform. (As

Media 363
article thumbnail

Stacked gets $13M to be the Twitch for web3 gamers

TechCrunch

Few areas in tech today are as polarized as the blockchain gaming space. Legacy developers and gamers are calling play-to-earn games Ponzi schemes, while crypto-believers say games that incorporate “tokenomics” are the future for empowering players and creators. “But prices are being normalized.”