Tilting Point partners with Polygon Studios, and LootRush raises $12M



SpongeBob and Warhammer Mobile Game Scores Polygon Partnership

Free-to-play mobile game publisher Tilting Point has entered into a multi-year partnership with Polygon Studios to release 10 Web3 games over the next two years. Polygon Studios and Tilting Point plan to help native Web3 game developers scale their games along with free developer partners and studios looking to move from Web2 to Web3 games.

The first three titles in the works are interstellar strategy game “Astrokings” from Korean developer AN games, which Tilting Point acquired earlier this year; the virtual slot game “The Walking Dead: Casino Slots”, based on the AMC series; and “Chess Universe,” from Tilting Point partner developer Kings of Games.

Polygon Studios CEO Ryan Wyatt shared in a statement the company’s enthusiasm for “upholding user ownership and immersive gaming.” Founded in 2012, Tilting Point’s most popular free games include “Warhammer: Chaos & Conquest”, “Narcos: Cartel Wars”, and “SpongeBob: Krusty Cook-Off”..”

TEAM DAO raises $5 million in Series A round

Decentralized autonomous organization Tokenized Esports Asset Management, or TEAM DAO, describes itself as the metaverse’s first Guild 3.0. The fantasy esports non-fungible token (NFT) league recently announced a $5 million Series A funding round co-led by Krust Universe and Animoca Brands. Other investors included Great South Gate, Shima Capital, Anti Fund, Algorand, GSR, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, CoinHako, and Octava.

Krust Universe is an investment arm of South Korean tech giant Kakao. Animoca Brands also recently acquired two major video game publishers: Eden Games and Darewise Entertainment.

According to TEAM, the new funds will be used to further develop its technology infrastructure, expand the team and rapidly grow its player base. Its appointed Supreme Leader stated that the company is leading an ecosystem that defines gaming culture for “newbies, hobbyists, and mid-level gamers.” He added that the upcoming public sale of the TEAM token “[catapult] crypto adoption in everyone’s daily life.”

Axie Infinity is still the game with the highest market capitalization

According to the latest Crypto Head report evaluating the top 50 Play to Win (P2E) games on ChainPlay, Axie Infinity has a fully diluted market cap of $15.81 million. Cross Link came in second with $13 million and Decentraland in third place with $4.63 million. The average market capitalization value of all crypto games studied is $1.25 million.

As for the most searched games on Google in the last six months, Axie Infinity also takes the crown with more than 29 million searches worldwide. The second and third most searched game, Bomb Crypto and Splinterlands, respectively, had less than five million global searches.

Crypto Head also analyzed the popularity of cryptocurrencies on Twitter and the games with the most expensive tokens. Axie Infinity also earned a spot on those charts.

LootRush wants to take mainstream NFT gaming

LootRush, an NFT marketplace for crypto players, closed a $12 million seed round on Thursday led by crypto firm Paradigm, with participation from Andreessen Horowitz. Other backers included Y Combinator, the founders of Brex, the founders of Axie Infinity, Plaid, Wildlife Studios, Dapper Labs, and The Chainsmokers.

According to the company, LootRush aims to become like Steam, as a PC game distributor, but for blockchain and NFT based video games. It wants to remove barriers to entry for gamers to play Web3 games and is known for offering profitable NFTs. A blog post stated that “We will let players own NFTs and help NFT owners find great players.”

Other GameFi news

STEPN is a Solana (SOL)-based NFT mobile app that leverages elements of GameFi, such as move to win, to allow NFT sneaker holders to earn tokens as they walk. Designed for fitness enthusiasts and those who want to take their daily steps, this project leads the move to win movement and challenges users to collect Green Satoshi Token (GST).

Related: How Blockchain Games Create Entire Economies In Addition To Your Game: Report

Japanese video game publisher Square Enix intends to sell its popular Tomb Raider franchise for $300 million and invest the proceeds in blockchain, artificial intelligence (AI) and cloud computing technologies. Cointelegraph previously revealed Square Enix CEO Yosuke Matsuda’s plans to integrate NFTs into play-to-win blockchain games.