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 Web3 gaming and social media adoption on a massive scale.
…but it is a positive indicator.