Tilting Point partners with Polygon Studios and LootRush raises $12 million

SpongeBob and Warhammer mobile game signs partnership with Polygon Free-to-play mobile game publisher Tilting Point has entered into a m...

SpongeBob and Warhammer mobile game signs partnership with Polygon

Free-to-play mobile game publisher Tilting Point has entered into a multi-year partnership with Polygon Studios to launch 10 Web3 games over the next two years. Polygon Studios and Tilting Point plan to help both native Web3 game developers scale their games alongside free development partners and studios looking to transition from Web2 gaming to Web3 gaming.

The first three titles in the works are interstellar strategy game “Astrokings” from Korean developer AN Games, which Tilting Point acquired earlier this year; virtual slot game “The Walking Dead: Casino Slots”, based on the AMC series; and “Chess Universe”, by Tilting Point developer partner Kings of Games.

Polygon Studios CEO Ryan Wyatt shared in a statement the company’s enthusiasm for “championing user ownership and immersive gameplay.” Founded in 2012, Tilting Point’s most popular free games include ‘Warhammer: Chaos & Conquest’, ‘Narcos: Cartel Wars’ and ‘SpongeBob: Krusty Cook-Off’..”

TEAM DAO raises $5 million in Series A

The decentralized autonomous organization Tokenized Esports Asset Management, or TEAM DAO, describes itself as the first Guild 3.0 in the metaverse. Fantasy league esports nonfungible token (NFT) recently announcement a $5 million Series A funding round co-led by Krust Universe and Animoca Brands. Other investors included Great South Gate, Shima Capital, Anti Fund, Algorand, GSR, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, CoinHako and Octava.

Krust Universe is an investment arm of South Korean tech giant Kakao. Animoca brands too recently acquired two major video game publishers: Eden Games and Darewise Entertainment.

According to TEAM, the new funding will be used to further develop its technology infrastructure, expand the team and rapidly grow its player base. Its designated Supreme Leader declared that the company leads an ecosystem defining gaming culture for “noobs, hobbyists, and mid-level gamers.” He added that the upcoming public sale of TEAM tokens “[catapult] the adoption of crypto into everyone’s daily life.”

Axie Infinity stays in play with highest market cap

According to According to the latest report from Crypto Head which rated the top 50 play-to-earn (P2E) games on ChainPlay, Axie Infinity has a fully diluted market cap of $15.81 million. Cross Link came in second with $13 million and Decentraland came in third with $4.63 million. The average market cap value of all crypto games studied is $1.25 million.

As with most games searched on Google over the past six months, Axie Infinity also takes the crown with over 29 million searches worldwide. The second and third most searched games, Bomb Crypto and Splinterlands, respectively, both had less than five million searches worldwide.

Crypto Head also looked at the popularity of crypto Twitter and gaming with the most expensive tokens. Axie Infinity also secured a spot on these lists.

LootRush wants to bring NFT gaming to the mainstream

LootRush, an NFT marketplace for crypto gamers, farm Thursday saw a $12 million seed round led by crypto firm Paradigm, with participation from Andreessen Horowitz. Other backers included Y Combinator, Brex Founders, Axie Infinity Founders, Plaid, Wildlife Studios, Dapper Labs and The Chainsmokers.

According to the company, LootRush aims to become like Steam, as a distributor of PC games, but for blockchain and NFT-based video games. It wants to remove entry barriers for gamers to play Web3 games and is known to offer profitable NFTs. A blog post declared that “We’re going to allow players to own NFTs and we’re helping NFT owners find great players.”

Other GameFi News

STEP is a Solana (FLOOR) NFT mobile application based on GameFi elements, such as move to win, to allow NFT sneaker holders to earn tokens by walking. Designed for fitness enthusiasts and those who want to take their daily steps, this project leads the movement of movement to earn and incentivizes users to cash in the Green Satoshi Token (GST).

Related: How blockchain games are creating entire economies on top of their gameplay: report

Japanese video game publisher Square Enix intends to is selling its popular Tomb Raider franchise for $300 million and invest profits in blockchain, artificial intelligence (AI) and cloud computing technologies. Cointelegraph previously revealed Yosuke Matsuda, CEO of Square Enix, plans to integrate NFTs into play-to-earn blockchain games.