ChainCatcher news, Web3 game BAC Games has announced the completion of a $1.5 million seed round financing. The investment institutions in this round include Hash Global, Matr1x, Gate Ventures, Stratified Capital, W Labs, and Nothing Research. Individual investors participating in this round include: Ash, BTCdayu, Joseph A.C. Lloyd (Head of Gaming Research at Delphi Digital), Laobai (ABCDE Investment & Research Partner), Piers Kicks (Founding Partner of Delphi Ventures), Saku (Co-founder & CEO Matr1x), and Victor (Head of WEB3 at GGV).According to the Web3 asset data platform RootData, BAC Games is a Web3 racing game based on the Blast blockchain, which emphasizes social interaction and teamwork, using the $BAC token for rewards.

ChainCatcher news, according to Foresight News, at the 2023 Shanghai Blockchain International Week · Global Blockchain Summit hosted by Wanxiang Blockchain Lab, Hash Global founder Shen Kang delivered a keynote speech titled "The Mass Adoption of Web3 May Be Achieved First in China." He stated that Web2 is platform-centric, while Web3 brings a truly user-centric business model. To achieve a user-centric experience, the core is data equality, and the medium is NFTs. He believes that 2023 to 2025 is the "iPhone moment" for Web3, with 300 million to 500 million people starting to use Web3, most of whom will be in China. He mentioned that the mass adoption of Web3 requires Killer Apps, a larger number of applications, seamless entry for Web2 users, convenient and fast legal channels, public databases for storing data and assets, and embracing regulation.Shen Kang believes that consortium chains can be used for China's Web3, but there can be no compromise on user experience, data openness, and the return of ownership. What can be compromised are payment currencies and universal IDs. Payment currencies can include digital Hong Kong dollars and digital renminbi, while universal IDs can use mobile phone numbers provided by telecom operators. He believes that China has the conditions to achieve large-scale adoption first, due to its large internet user market and economic scale, and the internet application layer may have more advantages. For example, the infrastructure of China Mobile, China Unicom, and China Telecom is globally leading; WeChat Pay, Alipay, digital Hong Kong dollars, digital renminbi, and the Chang'an Chain, as well as consortium chain public databases, are all globally leading.Finally, Shen Kang stated that Hash Global has also entered the field, launching the fan club platform Cat Island, built on Web3 and NFT technology, to create private traffic management tools for KOLs, allowing fans to permanently retain their "cultural footprints." Cat Island can connect with liked individuals, build a Web3 membership system, and activate fan economy.

ChainCatcher news, the blockchain MMORPG game MetaCene has completed a $5 million seed round financing, led by Hash Global and SevenX Ventures, with participation from WeMade, Emurgo, MixMarvel DAO Ventures, Sinovation Ventures, and LK Venture.It is reported that MetaCene is developing a blockchain-based game featuring a surreal post-apocalyptic world. Players can redefine game civilizations using various NFTs. (source link)

ChainCatcher news, Hash Global Labs has completed the acquisition of the NFT project Maodao, restructuring and upgrading Maodao into a comprehensive entertainment community, with all existing treasury funds being used for community development. HG Labs stated that they will dedicate the next decade to transforming Maodao into a top-tier Eastern Web3 native IP, with its brand positioning fully upgraded to a comprehensive entertainment community. According to the announcement, all existing treasury funds of Maodao will be used for community development. HG Labs aims to contribute millions of users to the Web3 ecosystem through Maodao within three years, committed to making Maodao a top-tier Eastern Web3 native IP, with its brand positioning fully upgraded to a comprehensive entertainment community.Maodao will establish a brand new community council, with the original founder Xiao Mao Ge remaining in the first council to continue assisting Maodao and HG Labs in their development. The first council members include: Geoffrey Tong, founder of Unique Art, Felix Wu, founder of Elephant Point, Erik Zhang, founder of Shanghai Insight, FG, partner and producer at Starrise Media, and KK, founder of Hash Global.KK, founder of Hash Global Labs, stated, "In the future, we will establish a presence in Hong Kong and Singapore, implementing various business models of Web3: community co-built IP, fan clubs, private traffic management and distribution, as well as creator ecosystems, striving to find a sustainable business path for Web3 IP and PFP (Profile Picture) communities with actual products and external economic value inflow. More announcements will be made on August 9 this year, marking the 2nd anniversary of Maodao."

ChainCatcher news, the NFT project Open Foodie officially announced on Twitter that it has completed a $500,000 seed round financing, with participation from Hash Global, StarWin, Bitrise Capital, and Teraland.Open Foodie is a creativity-driven Web3 cartoon food manufacturing lab, aiming to combine Web 2.0 and Web 3.0 technologies to promote the future development of the food industry. (Source link)