Over $2.6 BILLION in Funding for Web3 Projects 😱
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Sometimes 1 day in web3 feels like 1 year… IYKYK!
There is SO much news and it feels hard to stay on top of it all.
Do NOT worry, we got you, here’s a summary of everything that’s happened in the last week so you can stay in the loop and in the know.
Spectrum Story of the Week 🔥
Over $2.6 Billion in Funding for Web3 Projects Q2 2024
Here’s what you need to know:
🌐 Bitkraft Ventures: Secures a $275 million funding round dedicated to early-stage gaming projects, emphasizing web3 gaming advancements.
🎮 A16z Accelerator: Opens application for the third cohort of SPEEDRUN Accelerator, allocating $30 million specifically for gaming startups.
📈 Xion: Bags $25 million to simplify the development of consumer-friendly apps on blockchains, aiming for web3 mass adoption.
💼 Ellipsis Labs: Secures $20 million Series A round to expand its decentralized exchange platform on high-throughput blockchains.
⚡️ Zeus: Raises $8 million in seed round for Solana-based interoperability layer, advancing blockchain interoperability.
🧠 Raiinmaker: Closes $7.5 million seed round for decentralized AI training tools, riding on the crypto market bull run.
Deep dive into the data, more info here!
Spectrum News Recap 👾
(1) NFTs, Tokens & Airdrops:
🌟 Planet Mojo $MOJO Token, Airdrop Event and New Game Announced
🌟 Animoca’s Mocaverse Reveals Upcoming $MOCA Token Sale
🌟 Kaidro Exclusive Mint Sold Out on Sky Mavis' Ronin Network
🌟 $SOMO Airdrop Event on Portal
(2) Game Updates:
🎮 Palio AI Partners with Symbiogenesis and InkonBTC
🎮 Call of the VoYd Building on Immutable
🎮 Reboot and Pixel Vault’s BattlePlan Join XAI Network
🎮 Ubisoft’s Web3 Game Champions Tactics New Updates
(3) Exclusives:
🕹️ Imaginary Ones Partners With Animoca Brands
🕹️ Love Monster Moving to Solana
🕹️ Wagyu Games Acquires Undead Blocks From Adonis Software
🕹️ Coachella and Avalanche Launch Gamified Loyalty Program
(4) Funding and Raises:
💰 Delabs Raises Total of $12M in Funding for Three Web3 Games
💰 HYCHAIN Generates $8 Million via Node Sale
💰 Today Raises $5 Million for Web3 Game with AI NPCs
💰 BloodLoop Raises $4M for Blockchain Hero-Shooter
What did we miss?
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Spectrum Spotlight 💡
Kaidro Exclusive Mint Sells Out on Ronin
Here's a quick breakdown:
🌟 Known for its 2020 webtoon series, Kaidro has since evolved into a transmedia experience including a comic, animation, and TV series, in addition to a story-driven multiplayer action RPG.
👀 While announcing in 2023 that the game would deploy on Immutable, developer Gadget-Bot has recently revealed that Kaidro will launch exclusively on Sky Mavis’ Ronin network.
🎮 Gadget-Bot, founded by Chung and Robert Simons, has created IPs and features for a number of blockbuster projects including Alita: Battle Angel, Jurassic World, Transformers, Call of Duty, and Apex Legends.
🔥 Set in a post-apocalyptic world, Kaidro pits mech-wielding factions against powerful magic users in a gripping narrative. With PVP, PVE, and quest elements, the game promises an immersive gaming experience.
🤝 Collaborations with icons like Tim Hedrick, who wrote for Avatar: The Last Airbender, and Voltron: Legendary Defender. Trailer and an animated TV series made with partners like the Odesza duo, renowned for their Game of Thrones music.
👑 This marks a massive milestone with 9,999 Kaidro Spark Suits minted. Other impressive stats include 8M+ views on the animation trailer, 1.5M+ views on the game trailer, 346k+ Journals minted, and 30k+ questers.
🗣️ Gadget-Bot co-founder Peggy Chung
“In our journey to bring Kaidro to life, we’ve found incredible partners who align with our vision for the future. As we unveil the next phase of Kaidro, we’re excited to announce our collaboration with Ronin, which will serve as a primary stage for our upcoming launches.”
For the full scoop, read on here!
Spectrum Alpha 🔍
Noted by the Spectrum team, these are a few projects that have been making waves in our conversations lately…
Josū 🔴
DESYFR 📕
SOKAN404 👁️
Wager ✅
Please note this is NOT financial advice and we always encourage our community to proceed with caution. Check links before clicking or connecting wallets. Stay safe, we love you.
Spectrum Extras ⚡
GAM3S.GG New Partnership with Immutable
Here’s everything you need to know:
🤝 G3 announced a partnership with Immutable X - together the aim is to onboard over 100 million players to web3 and introduce traditional gamers to the perks of blockchain.
🔗 The partnership will integrate key Immutable functionalities like Immutable Passport and Immutable Checkout into the G3 platform, providing users with seamless onboarding and purchasing experiences.
💰 Additionally, G3 will fund exclusive rewards and questing services for AAA games on Immutable zkEVM, while their $G3 token integration will offer more choices and utility for gamers.
🎯 Collaborative efforts are already underway with exclusive quests, community tournaments, and in-game content driving player growth for web3 games like Blast Royale and MetalCore.
💬 Robbie Ferguson CEO of Immutable, expressed excitement about the collaboration, emphasizing the shared goal of creating a premier web3 gaming ecosystem.
🟢 Omar Ghanem CEO of GAM3S.GG
“It’s clear that web3 gaming is poised to explode, and we plan to drive this explosion alongside Immutable as a key partner. We’re incredibly excited to combine our rapidly growing web3 gaming community with the full power of the Immutable ecosystem to bring millions of gamers into the fold and drive the next evolution of the entire games industry.”
Read the details of the partnership here!
AND THAT’S A WRAP! 🙏
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