GameFi News: Tilting Point partners with Polygon Studios and LootRush raises $12M

SpongeBob and Warhammer Mobile Partnership Game for Polygon Score

Free mobile game publisher Tilting Point has partnered with Polygon Studios to release 10 web3 games over the next two years. Polygon Studios and Tilting Point plan to help Web3 game developers scale their games with free game development partners and studios looking to move from Web2 to Web3 games. The first three titles in the works are Korean developer AN Games’ interstellar strategy game Astrokings, which Tilting Point acquired earlier this year; virtual slot machine game The Walking Dead: Casino Slots based on the AMC series; and Chess Universe from partner developer Tilting Point Kings of Games.

Polygon Studios CEO Ryan Wyatt shared the company’s excitement about “consumer champion ownership and immersive gameplay.” Founded in 2012, Tilting Point’s most popular free-to-play games include Warhammer: Chaos & Conquest, Narcos: Cartel Wars, and SpongeBob: Krusty Cook-Off.

T.E.A.M DAO raises $5 million from A-Series

Tokenized Esports Asset Management Decentralized Autonomous Organization or T.E.A.M. DAO calls itself the first 3.0 guild of the metaverse. The Fantastic Electronic Sports League with non-fungible Tokens (NFT) recently announced a $5 million Series A funding round led by Krust Universe and Animoca Brands. Other investors include Great South Gate, Shima Capital, Anti Fund, Algorand, GSR, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, CoinHako, and Octava.

Krust Universe is the investment arm of South Korean tech giant Kakao. Animoca Brands also recently acquired two major video game publishers: Eden Games and Darewise Entertainment. According to T.E.A.M, the new funds will be used to further develop its technology infrastructure, expand its team and expand its player base. The top executive he appointed said the company operates an ecosystem that defines gaming culture for “nobles, amateurs, and mid-level players.” He added that the upcoming public sale of TEAM tokens will “increase” the adoption of cryptocurrency in everyone’s daily life.

Axie Infinity remains the game with the highest market cap

According to a recent Crypto Head report, which ranks ChainPlay’s top 50 Game Winning Games (P2E), Axie Infinity has a fully diluted market cap of $15.81 million. Cross Link came in second with $13 million, and Decentraland in third with $4.63 million. The average market cap of all crypto games examined is $1.25 million.

Like most games Google searched in the last six months, Axie Infinity holds the crown with more than 29 million searches worldwide. The second and third most searched games, Bomb Crypto and Splinterlands, each have less than five million searches worldwide. Crypto Head also studied the popularity of crypto twitter and games with the most expensive tokens. Axie Infinity also has a place on this list.

LootRush wants to host mainstream NFT games

LootRush, the NFT marketplace for crypto players, closed an initial $12 million round led by crypto firm Paradigm with Andreessen Horowitz on Thursday. Other backers include Y Combinator, founder of Brex and several angel investors including founders of Axie Infinity, Plaid, Wildlife Studios, Dapper Labs, and The Chainsmokers. According to the company, LootRush wants to be a distributor of computer games, such as Steam, but also blockchain and NFT-based video games. He aims to remove barriers to entry for players to play Web3 games and is known for offering cheap NFT. According to the blog post, “We will allow players to own NFT and help NFT owners find great players.”

More GameFi News

STEPN is a Solana (SOL) based NFT mobile application that uses GameFi elements such as: This project is designed for fitness enthusiasts and those who want to start their daily steps. It leads the “Move to Win” movement and encourages users to redeem Green Satoshi Tokens (GST). Japanese video game publisher Square Enix plans to sell its popular Tomb Raider franchise for $300 million and invest in blockchain, artificial intelligence (AI) and cloud computing technologies. Previously, Square Enix CEO Yosuke Matsuda’s plan to integrate NFT into blockchain games to win was revealed.