ChainCatcher news, Web3 game company Hyve Labs has completed a $2.75 million Pre-Seed funding round, led by Framework Ventures, with participation from Volt Capital, Builder Capital, 32 Bit Ventures, and numerous angel investors.The company intends to use these funds to expand its team and develop its core infrastructure, such as launching its testnet chain, its first game, and other on-chain assets.Hyve Labs has developed a game rollup that utilizes technologies like the decentralized data availability service EigenDA to act as a cross-chain game launcher.

ChainCatcher news, according to official sources, the Web3 game company Immortal Games has announced the launch of a $2 million investment fund to attract game guilds and Web3 game projects to join its on-chain esports tournament platform, Coliseum.According to the Web3 asset data platform RootData, [Immortal Game](https://www.rootdata.com/zh/Projects/detail/Immortal Game?k=MTc0MQ== "Next Generation Chess Platform") is the next-generation chess platform that transforms chess into a Web3 game with NFTs. The Web3 game startup Immortal Games completed a $12.2 million Series A funding round in September 2022, led by TCG Crypto, with participation from institutions and investors such as Cassius, Greenfield One, Sparkle Ventures, Kraken Ventures, and Spice Capital.

ChainCatcher news, the Barcelona Web3 gaming company Monster League Studios behind the blockchain game Mokens League announced that it has completed a €3.7 million financing round. The details of the investors have not been disclosed. The new funds are intended to support the development of the Mokens League game ecosystem, including in-game purchases, player rewards, and the use of utility tokens.

ChainCatcher news, Ambrus Studio has recently completed a multi-million dollar Series A financing, led by Spartan Group, with top investment institutions such as IVC, SUI Foundation, Knight Capital, Goodwater Capital, and ZeePrime Capital participating. The first telegram game E4C: Demon Hunter will launch on September 16.It is reported that Ambrus Studio will launch the web3 game incubation platform E4C and will focus on developing and incubating high-quality games based on blockchain technology. Through a long-term stable development strategy, it aims to meet the needs of both web2 and web3 gamers. As the first telegram mini-app game launched by E4C, Demon Hunter holds significant strategic importance for the long-term development of Ambrus Studio.

ChainCatcher news, Web3 game company Elixir Games has released an IDO announcement, stating that its collaboration with Cross The Ages is about to launch.Cross The Ages is a strategy game supported by Animoca, Square Enix, and Ubisoft, which has ranked first in the French App Store for 17 consecutive weeks, with over 400,000 downloads and more than 20,000 daily active users, generating over $18 million in revenue since 2022.In addition, Elixir Games stated that it will announce more important information next week.

ChainCatcher news, Web3 game company Games for a Living has completed a funding round of 500 million yen (approximately 3.3 million USD), with investors including Supercell, the game company behind the mobile strategy game "Clash of Clans," and angel investor Mitch Lasky.It is reported that the new funding will allow Games for a Living to expand its core team and accelerate the development of its flagship game "Elemental Raiders."

ChainCatcher news, Web3 game developer Carry1st announced a strategic investment from Sony Innovation Fund, with the specific amount not disclosed. Carry1st stated that the new funds will be used to expand its gaming business market by leveraging Sony's expertise and resources in gaming and entertainment, currently focusing on the African market.

ChainCatcher news, according to CoinDesk, the Web3 gaming company Saltwater has completed a $5.5 million seed round financing, led by crypto investment firms Deus X and Fourth Revolution Capital (4RC). This round of financing will be used for team recruitment, investing in new technologies, and expanding the business into new areas.Previously, Saltwater has acquired game developers Maze Theory, Nexus Labs, and Quantum Interactive, which developed games such as "Doctor Who" and "Blood and Truth."

ChainCatcher news, according to data from VentureCap Insights tracking Singapore regulatory filings, shows that the Web3 gaming company Iskra, supported by mobile giants such as Line, Kakao, and Netmarble, had a profit of $900,000 and revenue of $8 million in 2022.According to the company's audit report, its revenue comes from "platform development and related services rendered," but no further details were provided. LinkedIn estimates that Iskra has more than 50 employees and operates a hub for Web3 gamers and developers. It enables players to engage in blockchain-based games, allowing users to trade tokens and other in-game assets on its platform.

ChainCatcher news, Ambrus Studio, a Web3 gaming company founded by former Riot Games APAC CEO Johnson, has launched a new round of financing, led by Spartan Group, with participation from Axia8 Ventures and others. This round of financing has also introduced a new strategic investor, GoodWater Capital. The valuation and amount of this round of financing have not been disclosed. The new funds will be used to continue development.Ambrus Studio will open the minting of the fifth NFT character, DJ Nana, on July 20. This sale adopts a "co-creation" model, allowing users to generate their unique NFT by freely selecting Traits.

ChainCatcher news, according to InvestingCube, Indian Web3 gaming startup Glip has completed a $2.5 million pre-A round of financing, led by Hashed Emergent, with participation from Beenext and Prime Venture Partners. So far, Glip's total funding has reached $6 million.It is reported that Glip offers a live streaming platform with over 2 million active users, aimed at bringing traditional gamers into the Web3 gaming space, such as Axie Infinity, KOF Arena, etc. The company plans to use the new funds to accelerate the development of new product features and expand its global market and community size. (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)

Chain Catcher news, Indian Web3 gaming company MetaBlaze announced the completion of a $3.2 million presale round financing based on its native token MBLZ. This funding will be used to build the crypto game Galaxia Blue.It is reported that through MetaBlaze's NFT game, players can use BTC, ETH, BNB, and SOL to acquire game NFTs to build virtual worlds and earn rewards. ( Source link )

ChainCatcher news, the Web3 gaming startup Immortal Games has completed a $12.2 million Series A funding round in July, led by TCG Crypto, with participation from institutions and investors such as Cassius, Greenfield One, Sparkle Ventures, Kraken Ventures, and Spice Capital.Immortal Games is an online NFT chess platform, and after this funding round, its total funding amount has reached $15.5 million. (Source link）