Square Enix leads $3.1 million Soccerverse funding
Kick-off nears
One of those typical deals which was signed months ago but is only now being press-released, Soccerverse has announced it’s raised $3.1 million from Square Enix, with participation from original investor Hiro Capital.
Please note that as well as having consulted with Soccerverse since 2018, I also work for Hiro Capital.
So double excitement for me professionally as Soccerverse now prepares to accelerate out of its current beta to its Season 0 launch, which is planned for mid-October.
Of course, I would say this wouldn’t I, but it’s a really interesting game, even for someone (like me) who has little interest in football management games.
For, as well as being a fully onchain simulation of football management — from the point of view of being a manager — Soccerverse is a fully onchain simulation of the economy that underpins the football industry, in terms of the revenue flows that the game’s players will have ownership of via their ownership of in-game assets.
Yes, it is the very epitome of “player-owned and player-led”.
And, no doubt, I’ll be talking plenty more about the game in the coming months, but in the meantime, listen to real expert.
Sponsored by Hiro Capital: investing 📈 in the future 🔮 of gaming ⚽
Weekly News Roundup
Pixels falls but Boomland booms.
Animoca Brands’ 2023 revenue was $280 million.
Faraway revives ex-Yuga HV-MTL collection by integrating with web2 shooter Shatterline.
Forgotten Runiverse moves from Arbitrum to Ronin.
Filipino crypto exchange Coins.ph launches stablecoin on Ronin.
Peeking Duck bringing My Angry Yakuza Girlfriend to Arbitrum L3 Xai.
Nexon talks about building a MapleStory Universe that extends beyond just a single blockchain game.
Smilegate’s Lord Nine MMORPG to use Line’s DOSI blockchain platform.
Attack on Titan is launching a game and land NFTs in The Sandbox.
As discussed below.
More New Tokens news
Despite uncertain sentiment, more gaming tokens are — like those brave penguins — taking the leap into the market’s icy sea. Next up is Ready.gg’s RDYX token, which has started its pre-sale process via Coinlist.
Running until 17th July, 2% of the total supply is being sold at a price of $0.16, with 20% unlocked at TGE, with the remaining 80% unlocked linearly over the next six months. Purchases start at $100 up to a maximum of $5,000, with TGE expected to be mid-September.
As for Ready.gg itself, it’s been around since 2016, building out its vision, initially for a mobile-based hypercasual tournament platform. Since then it’s added a no-code game development platform, also integrating blockchain into the mix in 2022.
During this period, the US outfit has raised around $15 million — mainly traditional VC-based equity but also including a specific token sales to investors ranging from Bitkraft and Hashed to Polygon and Spartan.
In terms of boilerplate, Ready.gg claims its platform “currently supports over 300 million monthly active players across 40+ studios, tapping into more than 2,000 games integrating the Ready.gg tech stack”, with “over 400,000 web2 players already having created their on-chain identity and wallets”.
Additional Links
Decentralized cloud GPU compute platform Aethir claims it has access to 3,000+ NVIDIA H100s. These would have total list price of at least $90 million.
Decentraland has released its Q2 2024 report.
Portal has launched Portal Pay.
MOCA is up 206% from its pre-sale price of $0.03938.
The Sandbox is now “giving away SAND to anyone who plays!”
Check out the Big Blockchain Game Report Q1 2024 👀 here or 👀 via PDF.