GAM3S Grid Weekly April 29th

?? Top headlines from this week’s digest:

• How to Buy $G3 and Everything You Need to Know
• Pallet Exchange Founders Secure $2.5M for NFT Marketplace
• Yuga Labs Sells Iconic Gaming IPs to Faraway
• Splinterlands Unveils Halving Promo Cards for Bitcoin Halving Event
• Nyan Heroes Top 30 Most-Played on Epic Games Store
• Exclusive Details On Wanderers Closed Beta and RAM Bundles
• Galactic Group Launches Web3 Division and Reveals PlanetQuest
• Qtum Foundation Introduces 10,000 Nvidia GPUs to Fuel AI Web3 Initiatives
• Faraway Acquires HV-MTL and Legends of the Mara from Yuga Labs
• Metalcore Taps Pixelmon 1 Million Plus Community
• Farcana Reveals Playtest Event with 1 Million $FAR Token Prize Pool
• Anichess Raises $1.8 Million for Blockchain Chess Game
• Delabs Launches $GAME Token Airdrop Campaign
• Kratos Gaming Network Launches Campaign to Empower Indian Web3 Gamers
• DeRace Rebrands to zkRace and Unveils $ZERC Token
• Mysten Labs Brings Web3 Game Xociety to Sui Blockchain
• InfiniGods Secures $8 Million for Web3 Mobile Game
• Puffverse Leaves BNB for Ronin and Raises $3 Million
• PixelPals Season 0 $200K Prize Pool
• The Machines Arena Open Beta After Raising $5M
• Magic Eden Launches Runes Revolutionizing Bitcoin NFTs
• Alethea AI Launches Emotive AI Avatars on Coinbase Blockchain
• Space Nation Proof of Contribution 101
• The Sandbox and Hanjin Tan Launch Hamsterz Doodles
• Xterio and BNB Reveal New L2 Blockchain
• Animoca and Square Enix New Partnership for Symbiogenesis
• Immutable Q1 2024 Recap New Games, Partnerships, and Surging Activity
• Avalanche Challenges Gaming Norms at GDC

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?? Over $2.6B in Funding for Web3 Projects Q2 2024

Learn more about how Q2 2024 sees a surge in web3 funding with over $2.6 billion raised, signaling a robust start for the sector.

What’s Going On Here??

Q2 2024 witnesses a significant surge in funding for web3 projects, totaling over $2.6 billion. Notable investors like Bitkraft Ventures and A16z are leading the charge, focusing on early-stage gaming startups. Additionally, ventures like Xion, Ellipsis Labs, Zeus, and Raiinmaker secure substantial funding rounds, highlighting the diverse innovation within the web3 sector.

What Does This Mean?

The influx of funding signals a robust start for the web3 sector, indicating renewed investor confidence in cryptocurrency and blockchain-based ventures. Key players are actively investing in gaming, blockchain, and AI projects, fostering innovation and driving growth within the industry. This surge underscores the growing prominence of web3 technologies and their potential to revolutionize various sectors.

Why Should I Care?

Understanding the surge in funding for web3 projects is essential for investors, entrepreneurs, and industry stakeholders. It signifies opportunities for investment and collaboration in innovative projects within gaming, blockchain, and AI. Keeping abreast of these developments can help individuals capitalize on emerging trends and navigate the evolving landscape of web3 technology for potential growth and success.

Read the full report breakdown here

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Until next time, happy gaming!