ChainCatcher news, the Web3 cloud gaming platform The Game Company has announced the completion of a $5 million seed round financing at a valuation of $40 million, although the details of the investors have not been disclosed.It is reported that the transaction was completed last December, but was only recently made public. The new funds will be used to accelerate the development of the company's gaming platform and to leverage AI technology to create an interconnected multi-character ecosystem, allowing users and digital gamers to profit by participating in this ecosystem. (source link)

ChainCatcher news, according to TechCrunch, game startup Believer, founded by former Riot executives Michael Chow and Steven Snow, has completed a $55 million funding round, led by Lightspeed Venture Partners, with participation from Andreessen Horowitz (a16z), Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson's Cleveland Avenue, and Michael D.Believer will initially develop original IP, narrative, and technology games. The founders of Believer stated that it is unlikely to launch any products within the next 3-5 years. Steven Snow mentioned that the company hopes to leverage generative AI to do more. (source link)