Zentry, formerly known as GuildFi, received $140 million in a recent funding endeavor from Binance Labs, Coinbase Ventures, Animoca, Pantera Capital, Hashed and other reputed investors. The decision to rebrand was a move for Zentry to relaunch GuildFi with a program for converting tokens. The company’s goal is to create a “Superlayer” that will bring together three billion gamers into one economy of the platform they use.
This Superlayer will integrate loyalty programs, gamer identities and activities, and cross-world activities from other platforms into an extensive experience. In addition, the technology will connect gamers by bridging the barrier between Web3 and Web2 games and linking social media platforms and real-life events into one overall experience for gamers. Zentry aims to revolutionize how gamers are acknowledged and rewarded by allowing their gaming pursuits to have real-world benefits and enrich their presence.
Where Is the Future of Web3 Gaming Headed?
In 2024, the world of web3 gaming is seeing a huge boost as lots of investments and partnerships are making way to bring Web3 into the forefront of the gaming industry. The blockchain gaming industry hit around $1.7 billion in 2023, catching the eye of venture capitalists. Immutable is a player in this field, working on over 270 blockchain games and attracting more funding. A collaboration between King River Capital, Immutable and Polygon Labs has also led to the announcement of a $100 million gaming fund. This money will help drive innovation in web3 gaming projects.
Elixir Games, a platform famous for web3 gaming, recently secured $14 million in funding from names like Square Enix and Solana Foundation. They plan to launch their token “$ELIX” along with a Launchpad & Incubation Program” later this year. Illuvium also made waves by raising $12 million in a series A funding round for their web3 gaming venture.
Illuvium, supported by known investors like King River Capital, Arrington Capital, and Animoca Ventures, is set to revolutionize decentralized gaming experiences. These current advancements highlight the progress of the blockchain ecosystem as a whole, further pushing web3 gaming forward as more investors are keen on shaping the P2E Gaming ecosystem. Many innovative startups and strategic partnerships are also paving the way for investors and talent to participate in the future of web3 gaming, set for expansion and creativity.
