ChainCatcher news, Hash Epoch Foundation announced that it has invested 20 million USD in the Hash Epoch platform to launch the competitive section of the platform and establish a competitive prize pool fund, ensuring the smooth release of competitive projects and guaranteeing 100% payout of prizes.This funding will serve as a special fund pool for the initial phase of the platform and competitive projects, ensuring that participants' rewards can be distributed instantly and transparently.Hash Epoch stated that it will continue to maintain a stable and reliable guarantee mechanism to ensure that all competitive projects are conducted under completely transparent and fair conditions, fully protecting the interests of every user.

ChainCatcher news, the UAE is actively promoting the Web3 gaming industry as part of its economic diversification strategy to reduce dependence on oil.The country's gaming market is valued at $420 million, with 90% of the adult population participating in gaming. Dubai's "2033 Dubai Gaming Plan" aims to contribute $4 billion to GDP by 2030 and create 27,000 jobs. The plan focuses on developing an integrated gaming ecosystem with virtual reality (VR), artificial intelligence (AI), and Web3 technologies.The Dubai Multi Commodities Centre (DMCC) has become the core of the Web3 gaming ecosystem, attracting over 100 gaming companies. DMCC supports industry innovation and growth through collaboration with the gaming and cryptocurrency sectors, providing funding, incubation, and talent recruitment.

ChainCatcher news, according to GlobeNewswire, the gaming competition platform Coliseum, supported by Kraken Ventures and NBA star Kevin Durant, announced the launch of a $2 million Web3 gaming fund to accelerate the development of Web3 gaming projects, focusing on game studios, gaming guilds, and more.It is reported that the fund plans to provide financial support ranging from $500,000 to $2.5 million for each selected project and will integrate them into the Coliseum ecosystem.

ChainCatcher news, according to CoinDesk, the Blockchain Game Alliance (BGA) states that among Web3 gaming companies, professionals with traditional gaming backgrounds now outnumber blockchain and cryptocurrency experts.The BGA's "2024 Industry Status Report" shows that 52.5% of respondents have expertise in gaming, the highest since the survey began in 2021. Blockchain and cryptocurrency experts currently make up only 10.8% of the industry, down from 21.7% last year.The report also emphasizes that digital asset ownership remains the most important feature of blockchain gaming, with 71% of the 623 respondents believing it to be the biggest benefit.

ChainCatcher news, according to official sources, Solana's layer two gaming public chain Sonic SVM has announced that its Web3 application layer Sonic X has reached an important milestone of 1 million KYC certified users, highlighting Sonic's commitment to building a robust infrastructure and user-friendly distribution platform Sonic X, which enables TikTok users to easily engage with decentralized networks and explore blockchain-driven applications.Through the TikTok native game Sonic X built on Sonic SVM, users can easily discover and interact with various Web3 games, all within the familiar TikTok environment. The Sonic X team fully leverages account abstraction to create a seamless and simplified onboarding process for non-crypto native users. On the backend, a Solana wallet is automatically generated - but for users, they do not need to leave the TikTok app; they can simply log in with their TikTok account to play the games offered on Sonic X.It is reported that Sonic X is the first TikTok Web3 Applayer to go live, with unique features including a Web3 game aggregation page, an interactive leaderboard for Sonic X's flagship click-to-earn game, and a task page where users can complete activities to earn rewards.

ChainCatcher news, VanEck announced an investment in the Web3 gaming company Gunzilla, marking its second foray into this field with its crypto fund. Gunzilla is developing "Off The Grid," a cyberpunk shooting game. VanEck believes that blockchain brings transparency and player control to gaming, driving the development of the gaming economy.

ChainCatcher news, CMC Labs under CoinMarketCap (CMC) announced that the large AAA Web3 game Seraph has entered its accelerator program, becoming a major highlight in the Web3 gaming space. Backed by the South Korean gaming giant Actoz Soft, this collaboration with CMC Labs will provide Seraph with more strategic resources and global exposure, helping to accelerate the game's development and expand its influence in the Web3 gaming ecosystem.This partnership is not only a key step for Seraph to expand its influence in Web3 gaming but also demonstrates how Web3 games can integrate blockchain and AI technologies to deliver richer and more valuable gaming experiences. Seraph CEO Tobin emphasized that through this collaboration, Seraph will provide players with a dynamic gaming experience that breaks traditional boundaries, showcasing a new height of GameFi potential.CoinMarketCap CEO Rush also stated that Seraph, as a pioneer in the integration of blockchain and AI, has demonstrated strong innovation in the Web3 gaming sector. With the support of CMC Labs, Seraph will continue to push for innovation in the GameFi space, promoting a decentralized player-driven economic system and the deep integration of AI technology, shaping the future of the Web3 gaming ecosystem.

ChainCatcher news, asset management giant VanEck has announced two long-term investments in the Web3 gaming sector. One investment is directed towards the AI blockchain game project Parallel, while the other investment has not been disclosed. VanEck stated that details will be announced soon.

ChainCatcher news, the GameOn TON hackathon is in full swing, aimed at promoting innovation in the Web3 gaming and TON blockchain sectors. It is jointly hosted by several well-known organizations, including AEON and the TON Foundation, with TonBit as the security partner, providing comprehensive security assurance for participating projects.The prize pool for this hackathon reaches up to 4 million USD, aimed at encouraging developers to innovate and providing expert guidance. All projects participating in the GameOn TON hackathon that use TonBit's auditing services will have the opportunity to receive an auditing discount pool provided by TonBit, ranging from 50,000 to 100,000 USD, as well as exclusive on-chain security training.TonBit, the security sub-brand under BitsLab, is an early builder and security expert of the TON ecosystem, dedicated to providing security auditing services for the TON ecosystem.

ChainCatcher news, according to Cointelegraph, Lamborghini has partnered with Web3 gaming company Animoca Brands to launch the first blockchain-based interoperable digital car, marking its official entry into the Web3 gaming space. This collaboration will be realized through a platform called "Fast ForWorld," where players can buy, sell, and drive Lamborghini cars in games within the Motorverse ecosystem, including Torque Drift 2 and REVV Racing.Animoca stated that the platform will go live on November 7 and will offer a 3D wallet feature, allowing users to store and use their digital cars. This partnership is part of Lamborghini's exploration of new ways to engage with the Web3 brand.

ChainCatcher news, Gate Ventures officially announced a strategic investment in Japan's leading Web3 gaming company double jump.tokyo Inc., as part of a $10 million funding round led by SBI Investment. This significant investment highlights Gate Ventures' strong commitment to promoting the development of blockchain technology and the Web3 gaming ecosystem globally.This Series D funding round is led by SBI Investment and has attracted participation from industry leaders such as Sony Group Corporation, Taisu Ventures, and Kitadenshi Inc. This funding will help double jump.tokyo further develop and support blockchain games, blockchain infrastructure, and related services, as well as strengthen the company's organizational structure and talent base. Since its establishment in 2018, double jump.tokyo has been at the forefront of blockchain game development.With the support of Gate Ventures, double jump.tokyo plans to expand its innovations in joint game development and infrastructure enhancement. Gate Ventures is confident that this collaboration will help double jump.tokyo become a key driver in the widespread adoption of Web3.

ChainCatcher news, the Web3 gaming platform GAMEE, a subsidiary of Animoca Brands, announced the completion of a new round of financing, with participation from TON Ventures. The new funds will support GAMEE's WATCoin ecosystem (including the WatBird Mini App project).It is reported that GAMEE will further integrate TON-based digital assets (such as tokens and NFTs supported by TON) into GAMEE's Telegram Mini App to enhance user engagement.