ChainCatcher news, the Web2.5 game service platform Salvo Games has completed a $1.5 million angel round of financing on September 10, led by a renowned producer from a well-known Asian gaming publicly listed company. This producer launched a major title 17 years ago that still has countless fans today and enjoys high recognition in the traditional gaming industry.In this partnership with Salvo, both parties stated that they will combine their strengths for resource collaboration and are committed to exploring the Web3.0 field. The project layout will also involve: the development and introduction of various high-quality games, platform empowerment and innovation, developer channel construction, and the establishment of a player asset trading and management platform.It is reported that Salvo's project team is mainly distributed in Asia, the Middle East, and Australia, with core members having over 7 years of experience in the traditional gaming field and dual capabilities in blockchain technology. The game studio's upcoming first MOBA-themed casual competitive game, Ace3, has completed its first round of community Alpha testing and will launch a Beta version open testing event in the fourth quarter.During the Token2049 Singapore event, Salvo Games CEO Bill will attend as a guest at the roundtable session of the "GMA - W Labs Web3 Gaming Summer," co-hosted by GMA and Wlabs. At that time, Bill will further introduce and discuss the innovative points and progress of the Salvo project with other guests attending the event.

According to ChainCatcher, as reported by TechCrunch, Streamlined Ventures has announced that its fifth seed fund and third opportunity fund have raised $140 million in investments, with institutional investors, family offices, and high-net-worth individuals contributing $102 million to its fifth seed fund. This fund will invest in startups in the fields of data science, APIs, and Web2.5, while the third opportunity fund will receive approximately $36 million in funding.The venture capital firm currently manages a total of $325 million in assets. Its general partner, Ullas Naik, stated that Streamlined Ventures is currently in the "speculative phase" in the Web3 space. Although they have invested in a few companies, they are only focusing on those Web3 companies that have real value transfer, such as gaming and DeFi startups. Ullas Naik believes that the current barriers to entry in Web3 are somewhat high, and the firm is deploying capital at a much slower pace. (Source link)