On June 8, Web3-native game publisher HyperPlay said it closed a Series A funding round after raising $12 million from investors, including co-leads Griffin Gaming Partners and Bitkraft Ventures.
Other investors include MetaMask parent company ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures and Monoceros Ventures.
Founded in November 2022 by MetaMask and Game7 DAO, HyperPlay says its platform "faces" the Web3 game interoperability challenge by providing interoperability for Web3 games and allowing developers to work independently of centralized entities such as Apple and Google. Case work and steam. The platform says it aims to enable interoperability between all Web3 games with wallets overlaid on top of games, allowing players to carry their MetaMask wallets within native or browser-based games. HyperPlay's game store currently offers more than 33 Web3 games, the company said .
“Since announcing HyperPlay last November, we have focused on building a platform that makes it easy for both developers and users to navigate the Web3 gaming space,” said Jacob C.eth, founder of HyperPlay. The platform bills itself as serving both developers and users, and says its focus on "developer loyalty" means it "does not tax the in-game economy, but rather through optional features like ramps or token swaps." Profit." For users, HyperPlay says it supports all Ethereum Virtual Machine- compatible chains, enabling players to bring their wallets, tokens, and non-fungible tokens (NFTs) into every native or browser game. HyperPlay's launcher integrates an in-game wallet overlay, so users don't need to leave the game and use a separate website for NFT transactions, the company said.
Web3 games or blockchain games use distributed ledger technology to provide greater transparency, security, democratization and user control over in-game assets. According to a report by DappRadar, Web3 games will account for nearly half of all blockchain transactions in 2022 .This makes gaming The fastest-growing industry in the blockchain space, well ahead of decentralized finance (DeFi) and NFTs.
According to another report by DappRadar, this momentum will continue until 2023, with the industry seeing continued growth in the first quarter of 2023. Blockchain games and metaverse projects received $739 million in funding during the period.
