Published on: 06/05/2022

Tilting Point strikes deal with Polygon Studios and LootRush, expanding NFT gaming

Tilting Point, a Free-to-play mobile games publisher, has signed a multi-year deal with Polygon Studios to release ten Web3 games over the next two years.

Polygon Studios and Tilting Point intend to assist native Web3 game creators in scaling their games in collaboration with free-to-play developer partners and studios looking to transition from Web2 to Web3 gaming in the near future.

The first three games in the development are Astrokings, from Korean developer AN games, which Tilting Point bought earlier this year; The Walking Dead: Casino Slots, based on the A.M.C. series; and Chess Universe, from Tilting Point partner developer Kings of Games.

C.E.O. of Polygon Studios, Ryan Watt, expressed his company’s enthusiasm for “championing user ownership and immersive gameplay.”

“Warhammer: Chaos & Conquest,” “Narcos: Cartel Wars,” and “SpongeBob: Krusty Cook-Off” are among the company’s most popular free-to-play titles since its establishment in 2012.

Krust Universe and Animoca Brands invest $5 million to TEAM DAO

One of the earliest Guild 3.0 in the metaverse is the Tokenized Esports Asset Management decentralized autonomous organization (T.E.A.M. D.A.O.). Recently, Krust Universe and Animoca Brands announced a $5 million Series A round of investment for the fantasy esports nonfungible token (NFT) league.

Krust Universe is a subsidiary of the South Korean technology behemoth, Kakao. Apart from that, Animoca Brands recently acquired two major video game publishers: Eden Games and Darewise Entertainment.

T.E.A.M. plans to use the new funds to improve its technology infrastructure, expand its personnel, and rapidly expand its player base. Supreme Leader T.E.A.M. claims that the company is driving a gaming culture for the “noobs, beginners, and midtier gamers” ecosystem. He continued that T.E.A.M’s planned public sale will “[catapult] crypto adoption into everyone’s daily life.”

Axie Infinity remains first in the market

On ChainPlay, Axie Infinity currently has a market valuation of $15.81 million, according to the latest Crypto Head analysis for a play-to-earn (P2E) game. Cross Link came in second with $13 million, followed by Decentraland with $4.63 million. The total market capitalization of all the analyzed crypto games is $1.25 million.

Axie Infinity also tops the list of most Googled games in the last six months, with over 29 million searches worldwide. Bomb Crypto and Splinterlands, the second and third most searched games, had less than five million global searches.

According to Crypto Head, Axie Infinity was also listed in crypto Twitter popularity and games that featured the most expensive Tokens.

LootRush aims to popularize NFT gaming

NFT marketplace LootRush has raised $12 million in a seed round led by Paradigm, with participation from Andreessen Horowitz. Y Combinator, Brex’s founders, the founders of Axie Infinity, Plaid, Wildlife Studios, Dapper Labs, and The Chainsmokers were among the other investors.

Aiming to be similar to Steam in terms of P.C. game distribution, LootRush will distribute blockchain and NFT-based video games rather than traditional video games. It aspires to remove barriers to entry for gamers who wish to participate in web3 games, and it is well-known for providing cost-effective NFTs.

“We will make it possible for gamers to own NFTs, and we will assist NFT owners in finding outstanding players,” LootRush said via a blog post.