NFT Gaming Start Ups Attracting Investors.
NFT games, which are blockchain-based digital assets, are attracting a lot of investors because they are too good to pass up. This game is based on how games and the internet will change in the next few years.
Investors are interested in the business because of how it works. The business models for video games have changed from “pay to play” to “play to earn.” This is a way for gamers to make money and take control of the economy.
In the gaming business, Non Fungible Tokens, which are digital assets based on blockchain technology, are all the rage. And investors see games as the first frontier of this technology, which is why NFT gaming startups are getting a positive response.
Investors in venture capital (VC) have recently given NFT gaming startups very high valuations.
Animoca Brands is a big name in the NFT gaming world. It has raised $65 million at a valuation of $2.2 billion. The information from PitchBook shows that the company is worth more than twice what it was worth at the beginning of this year.
Big companies like Ubisoft, Ubisoft Entertainment, Liberty City ventures, and others helped the blockchain game developers in Hong Kong.
In the past, companies like Concept Art House and Galaxy Interactive raised a lot of money for similar blockchain-based gaming setups. Concept Art House got $25 million and Galaxy Interactive got $325 million so they could invest in games that use blockchain technology.
Yat Siu, who is in charge of Animoca Brands, told GamesBeat what he thought after the funding round. He said, “This round has a number of game companies that actually took part in the round, which is important for many strategic reasons.”
We didn’t want to raise another round of funding at first, but some of the partners we thought were important wanted to work with us on possible blockchain games and licensing deals. This round is the result.”
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