News Tech News

Voodoo bets on play-to-earn crypto mobile games – FiratNews

Voodoo bets on play-to-earn crypto mobile games – TechCrunch

French startup Voodoo has introduced that it plans to make a major funding in blockchain-powered cellular video games. The corporate estimates that it represents a $200 million funding over the approaching years.

2021 has been an essential 12 months for crypto gaming, with Axie Infinity popularizing the play-to-earn mannequin. Some corporations, akin to Legendary Video games, raised huge funding rounds and are engaged on mainstream crypto video games.

Tangentially, fantasy sports activities NFT video games may very well be thought-about as crypto video games. On this entrance, Sorare raised a $680 million Collection B spherical whereas Dapper Labs, the corporate behind NBA Prime Shot, raised $250 million to go additional within the NFT house.

Voodoo is at present greatest identified for its hyper-casual video games, with 5 billion downloads and 300 million month-to-month energetic customers. Voodoo video games embrace Helix Leap, Crowd Metropolis, Gap.io and Paper.io 2.

The corporate has its personal studios but additionally acts as a writer for third-party recreation studios. Voodoo’s secret sauce is its tech stack to optimize distribution, common income per consumer and fixed iteration.

And the cellular recreation professional doesn’t need to stand nonetheless in the case of crypto video games. Voodoo already has 10 inner studios engaged on blockchain-powered video games. Subsequent 12 months, it plans to open one other 20 studios targeted on crypto video games.

In 2021, Voodoo acquired eight corporations. So it appears like new crypto recreation studios might come from acquisitions.

“There are few events in life once we expertise a technological breakthrough that transforms industries. Blockchain will particularly disrupt gaming, as gamers are already used to purchasing digital belongings. This know-how will give gamers true possession of their digital belongings, creating deeper interactions between gamers — amassing, buying and selling, promoting in recreation digital currencies and recreation belongings — which can enhance enjoyable and engagement. This can even allow gamers to make a revenue from their belongings, opening up a brand new “play-and-earn” mannequin,” Voodoo CEO Alex Yazdi mentioned in an announcement.

So you’ll be able to count on tradable NFTs in upcoming Voodoo video games. They may have a monetary worth outdoors of the video games as customers might have the ability to purchase and promote them on on-line marketplaces.

Along with Voodoo’s present stack, the corporate plans to work on a reusable blockchain stack to handle tokens, create NFTs, create pockets addresses and combine with layer 1 blockchains (like Ethereum) and layer 2 options to scale back transaction prices.

About the author

firatnewsteam

Add Comment

Click here to post a comment