TL;DR
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We’re noticing a trend…there have been seven funding/development announcements in the last seven days in the Web3 gaming/social space (with $45 million raised).
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We’re not saying it guarantees mass acceptance of Web3 gaming and social media…but it’s a positive indicator.
Full story
Going to an Ivy League school does not guarantee success.
… but it looks good on a resume.
In the same way that more investment/development in a certain market sector does not mean that the space is going to take off.
…but it is a positive indicator.
Lately we’ve noticed a trend in Web3 investment and development – or at least a trend in news reports about Web3 investment and development…
So, where is all the money and sweat poured into Web3?
According to the headlines, it’s gaming and social.
Here’s a quick overview of announcements/developments made over the past week:
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Ava Labs launched Avalanche Arcad3, which helps traditional game makers build Web3 games.
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HyperPlay, a platform for accessing Web3 native games, has just raised $12 million.
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Fractal has announced the launch of FStudio, a code-free way for developers to add Web3 functionality to their games.
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Argus Labs wants to build an Ethereum-friendly gaming blockchain (and raised $10 million to do so).
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Zebedee just released a Twitter alternative that pays users for every “like” they get on a post.
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PairedWorld aims to combat loneliness by rewarding online communities for hanging out IRL (weird, but okay).
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Lens just raised $15 million to further build its Web3 social media vision.
All that in seven days (!).
Of course, it doesn’t guarantee that Web3 gaming and social media will be accepted by the masses.
…but it is a positive indicator.
