Welcome to "This Week in Metaverse"

Welcome to “This Week in Metaverse”

Welcome to this week in the Metaverse, where luck The most interesting stories of the week revolve around NFTs, culture, and games based on Web3, as well as the metaverse. E-mail marco.quiroz-gutierrez@fortune.com with tips.

For our inaugural edition, let’s start with a closer look at Horizon’s ambition for blockchain gaming.

It’s a tough time for the cryptocurrency markets, as even rookie venture capitalists are on the back foot, as global funding for venture capital-backed crypto startups plunged 50% from the second to third quarter. But one bright spot Horizon Blockchain Gamesa Toronto-based Web3 infrastructure and products company that this week raised $40 million in a round led by Brevan Howard Digital And the Morgan Creek Digital.

CEO Peter Celtica He declined to reveal Horizon’s post-funding assessment, but he told me the money would be used to grow his 60-member team, particularly in the marketing and business development departments.

“To be taken seriously, you need money so you can hire the best, so you can do the work,” Keltica said.

The company will need additional hands for its expansion plans sequenceIts Web3 development platform which is the basis of its flagship product, the trading card blockchain game Sky Weaver.

“It’s really an engine to allow for a new set of good digital primaries, and to allow them to be easily integrated into your video game,” Keltica added.

Also includes a sequencing platform Sequence wallet, is a non-custodial wallet created for Web3 games that have a social login — think Google, Apple, or Facebook — to help crypto beginners. Using smart contracts, the wallet also allows users to easily transact across chains using a stablecoin like USDC.

One of the main investors in Horizon, Previn HowardHe believes that Horizon has the potential to make a huge impact on the blockchain gaming space. Horizon was dubbed “web3 Epic Games + Google”, and Kieltyka was dubbed “Tim Sweeney of Web3” in Blog post This week, he drew a parallel between the Horizon Sequence platform and Epic’s Unreal Engine, which Sweeney, CEO of Epic Games, says is the core technology for almost half For all upcoming console games.

Kieltyka himself hasn’t eschewed the comparison entirely — “It was another 15 years before I was there,” he told me — though he said he wanted the Sequence platform to remain open-source at some level. However, he said he envisions launching a Sequence Pro model for companies that can operate as a software-as-a-service system.

Are NFT sales ripe for a recovery?

NFT monthly sales jumped over $947 million, I mentioned decrypt, in a rare sign of life for a market that was collapsing. But things may not be as bad as they seem. Pedro Herrera, head of research at DappRadar, told me that despite the decline in trading volumes, the number of trades and the number of trades remained flat at around 2 million from the second quarter to the third quarter.

Courtesy of DappRadar

in another place

Cool Cats Group I got undisclosed investment From Animoca Brands, based on its gaming partnership. The company said the investment “will lead Cool Cats’ mission to become the largest global NFT brand and a powerful media and content company, including through the expansion of its game offerings.”

Steve Youngthe former NFL quarterback who Won the Super Bowl in 1995is planning to advertise his company related to the metaverse, movillaAnd the via SPAC. The company specializes in sensors, software, and analytics that enable motion digitization, according to regulatory deposit.

ImprobableBritish virtual world tech innovator who worked for another Bored Ape Yacht Club subsidiary Metaverse, approaches another $100 million from blockchain tech company Elrond That would value the company at $3 billion, according to financial times. Although the company raised $500 million in the largest-ever funding round for a British start-up at the time, it was in 2017. I used up almost all the money I collected Since its launch in 2012.

triple Brands NFT It was uploaded this year Compared to 2021, according to data from the US Patent and Trademark Office compiled by trademark attorneys Mike Kondodis. This means that more companies are securing their intellectual property for potential Web3 products, although this does not necessarily mean that they will launch them.

#Week #Metaverse

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