in

DraftKings Founders Back ‘Play-to-Earn’ Soccer Game With $3M Raise

Square to Consider Building a Bitcoin Mining System


Visit the original article*

https://www.coindesk.com/resizer/Ur7unypAg6fzCFvVqLafmF7mKTo=/cloudfront-us-east-1.images.arcpublishing.com/coindesk/KYUG5Y72R5AMBNQOW6QDV6ZFEY.jpeg

A non-fungible token (NFT) game called MonkeyBall has raised $3 million as the latest experiment in the surging “play-to-earn” sector, where gamers reap crypto rewards for their time.

The soccer game is being developed with the Unity game engine on the Solana blockchain in a bid to be a high production value, AAA-grade title, the company said Thursday.

In the game, users manage a team of four monkeys that play head-to-head matches against other users. Team’s earn tokens for victories and can collect additional rewards for buying stadiums and attending the matches of other users.

Read more: The First ‘Move-to-Earn’ NFT Game Raises $8.3M

The funding round was backed by Solana Capital, Republic, NFX, iAngels and Longhash, and included angel investment from multiple DraftKings founders and the sports betting platform’s largest shareholder, billionaire Shalom Meckenzie.

“Play-to-earn games are a revolution in how gamers interface with the virtual world,” Meckenzie said in a press release. “Gaming and NFTs will be the first true mass appeal application of blockchain, all that is missing is to actually make a game that would stand tall among AAA titles. I believe the MonkeyBall team has what it takes to get there.”



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

What do you think?

Restarting IEO Star Project - METAX Will Open Subscription in Hoo Labs

Restarting IEO Star Project – METAX Will Open Subscription in Hoo Labs

news-image

Privacy DEX Manta Network Bags $5.5 Million in New Funding Round