Chain News Daily Official TheBitTimes.com

An independent Web3 gaming company led by industry veterans will launch their first game next year — and they're bullish on the benefits that blockchain will bring. An independent Web3 gaming company has unveiled its very first project — and is vowing to offer an immersive, powerful experience for players. Digital Insight Games says its debut title will be known as Cloud Castles. It's scheduled to be released in 2023 — and promises to blend beloved elements from role-playing games with cutting-edge real-time strategy and tactics. In lush battlegrounds rendered in stunning detail using the latest technology, including Unreal Engine 5, Cloud Castles will give gamers the chance to collect and evolve fantasy creatures, and deploy them in fast-paced battles. Of course, a key tenet of Web3 is the ownership of in -game assets — and for this reason, Blockchain Technology will be used so players have full control of everything they acquire, collect, modify, build and achieve. An exci...

Singapore government-backed investor Temasek is known for crypto-related investments but is yet to do its first direct investment in crypto. Animoca Brands, a major player in the metaverse and blockchain gaming, has officially disclosed details of a funding round led by Singapore's state-owned investor Temasek. Animoca announced on Thursday that it closed a strategic funding round of $110 million from the issuance of convertible notes to a small number of institutional investors. Completed at a conversion price of 4.5 Australian dollars, or about $3, the new round values Animoca similarly to its previous funding round , the firm said. The notes round included new investors like Temasek, the private equity firm Boyu Capital and the global venture capital firm GGV Capital. These companies have established a strategic consortium of new investors, aiming to provide advice to the company as it continues to grow and build its organizational structure. Temasek, Boyu and GGV are now expe...