Web3x5: Here are the Top 5 stories from the week in Web3 games – October 17

We’re back with our weekly round-up of interesting news from around the Web3 games biz, so you can be less IDK and more ITK. It’s been busy: $110 million has been invested in Web3 games in Q3, there’s a deep dive into Play-to-Earn, Play has a new Build-Play platform, Telegram and TON games are growing, and Azra’s raised $42m…?

$110 Million Invested in Web3 Gaming in Q3 2024 Web3 gaming continues to boom, with $110 million invested in Q3 2024 alone! Investors are backing the future of decentralized gaming, focusing on projects that blend entertainment with ownership via blockchain technology. As the space matures, more platforms and studios are gaining traction, fueling innovation in both game development and player experiences. With such significant financial backing, the Web3 gaming landscape is only set to grow. Read more at Gam3s.gg

Play-to-Earn: Fun and Profit in Web3 Gaming Web3 gaming’s play-to-earn model is gaining popularity, allowing players to earn real-world value from their in-game achievements. This approach combines entertainment with economic opportunities, as players can trade assets and earn rewards. Beyond profit, many developers are emphasizing enjoyable gameplay, ensuring Web3 games remain engaging while creating financial opportunities for players. It's a win-win for gamers who want both fun and profit! Read more at Cryptopolitan.com

Play Unveils Build-Play Platform for Web3 Games Play has unveiled Build-Play, a development platform designed to make creating Web3 games easier. This new tool allows developers to quickly integrate blockchain features like NFTs, player ownership, and decentralized assets into their games. By simplifying the development process, Build-Play hopes to encourage more creators to dive into Web3, helping the ecosystem grow while ensuring players enjoy seamless, blockchain-powered experiences. Read more at VentureBeat

Helika Report: Growth in Telegram and TON Blockchain Games Helika's latest report reveals strong growth in games on Telegram and the TON blockchain in Q3 2024. With a focus on decentralized gaming experiences, players on these platforms are enjoying innovative games without needing crypto wallets. The report shows how developers are using Telegram’s user-friendly interface to engage broader audiences while leveraging the benefits of blockchain technology, signaling a bright future for Web3 gaming on messaging platforms. Read more at BlockchainGamer

Azra Games Raises $42M to Develop Web3 Mobile RPGs Azra Games has raised an impressive $42 million to create Web3-powered mobile RPGs. The studio is set to bring blockchain technology into the mobile RPG world, allowing players to own, trade, and interact with in-game assets. With this funding, Azra plans to push the boundaries of mobile gaming by combining deep, immersive gameplay with decentralized ownership, aiming to create a new era of mobile RPG experiences. Read more at NFT Insider

Our CEO Tony Pearce is always available to meet with investors, studios, and publishers interested in harnessing the power of #Web3 to unlock new possibilities in games (and to showcase the latest season of the rip-roaring Doctor Who: Worlds Apart online CCG).