ChainCatcher news, the company behind the metaverse platform HELIX, Hypersonic Laboratories, announced the completion of a $7 million Series A funding round, led by Play Ventures, with participation from AppWorks, WTIC, KB Investment, and Alex Ekvall. The new funds will be used for the further development of Helix. It is reported that Helix will launch a closed alpha test version later this year, aimed at facilitating the creation of role-playing game modules and servers.Hypersonic Laboratories previously built the H.E.L.I.X. metaverse and had completed a $3.5 million funding round in 2022, also led by Play Ventures.According to the Web3 asset data platform RootData, HELIX (Hyper Expansive Lifelike Interoperable eXperience) is a high-fidelity metaverse platform centered around the concepts of true digital ownership and an independent player economy. Immerse yourself in Parallel City, a meticulously designed 1:1 scale entertainment venue of New York City, where users can freely explore land, meet new friends, play games, and earn tokens. The HELIX Metaverse is built by Hypersonic Laboratories.

ChainCatcher news, the blockchain XPLA focused on Web3 games, announced that it has received strategic investments from Big Brain Holdings, Play Ventures, and IVC (Infinity Ventures Crypto). (Source link)

ChainCatcher news, Web3 game studio Redemption Games announced the completion of a new funding round of $7 million, led by Play Ventures, with participation from Bitkraft, Merit Circle DAO, Orange DAO, and a group of industry professionals.It is reported that Redemption Games is an independent studio spun off from mobile game development giant AppLovin, currently leveraging blockchain technology, digital collectibles, and AI solutions to develop games that can be brought to the mass market, incorporating Web3 elements such as digital assets into the games. (source link)

ChainCatcher news, according to Fortune, the blockchain gaming company Azra Games has completed an additional $10 million seed funding round, led by a16z (through its $600 million gaming fund), with participation from NFX, Coinbase Ventures, Play Ventures, and Franklin Templeton. Azra plans to release the first installment of its game Legions & Legends later this year.According to the crypto data platform RootData, Azra Games completed a $15 million seed funding round in May last year, led by Andreessen Horowitz (a16z, through its $600 million gaming fund), with participation from NFX, Coinbase Ventures, Play Ventures, and Franklin Templeton. Azra Games will use the funds to develop its first combat role-playing game, Project Arcanas.Azra Games was co-founded by entrepreneur Sonny Mayugba (serving as Chief Operating Officer), Travis Boudreaux, and veteran game designer Mark Otero (serving as Chief Executive Officer). Mark Otero is the developer of the game Star Wars: Galaxy of Heroes. (Source link)

ChainCatcher news, Web3 gaming and entertainment infrastructure company Nefta has completed a $5 million seed round financing, led by Play Ventures, with participation from Polygon Ventures, SevenX Ventures, Sfermion, and Picus Capital, valuing the company at $32.5 million. Nefta aims to provide tools for businesses entering and developing in the Web3 space, including custom APIs, software development kits, and white-label services to help businesses integrate digital assets, multi-chain wallets, and custom marketplaces.It is reported that Nefta's valuation has increased by 225% over the past eight months. According to the crypto data platform RootData, last June, Nefta raised $1 million from Picus Capital at a valuation of $10 million. (Source link)

ChainCatcher news, Web3 battle royale game Omega Royale developer Tower Pop announced the completion of a $2.1 million funding round, led by Play Ventures and Agnitio Capital, with angel investor Santiago R. Santos participating. After this funding round, Tower Pop has raised a total of $2.8 million.It is reported that Omega Royale launched as a mobile game on the App Store and Google Play Store with its unique battle royale mode. The game uses a play-to-mint model, focusing on gameplay where the top-ranked players can mint NFTs in the game. (source link)

ChainCatcher news, Web3 game company Flowstate Games has completed a $2 million Pre-Seed funding round, led by Play Ventures Future Fund, with participation from Web3 infrastructure development company Equilibrium, Elite Game Developers founder Joakim Achrén, and his angel investment team.The company will launch its first Web3 car combat game, Smash Stars: Thunderdome, with an alpha test version set to be released in the first quarter of 2023. Players can use mounted cannons to take down enemies, with each vehicle represented as an NFT in the game, allowing them to be traded on the secondary market. Flowstate Games has also partnered with Immutable X, which addresses issues faced by early Web3 adopters, such as security, gas fees, carbon neutrality, and NFT trading scalability. (source link)

ChainCatcher news, on October 11, Web3 game company Tribo announced the completion of a $1.17 million financing round, with investments from Play Ventures, Sisu Game Ventures, and Joakim Achrén.The company is developing a multiplayer free casual game and will use NFT digital collectibles to drive the game economy. In addition, Tribo launched the NFT series Flameys, with a total issuance of 2,000 pieces, allowing holders to gain VIP access and benefits within the Tribo community. (source link)