Do you want to stay informed about the latest developments in the GameFi industry? We have closely followed the GameFi sector throughout the week to provide you with the most interesting updates. Check out the following highlights of significant GameFi updates this May 22-26, 2023.
Openfort Raises $3M Seed Funding to Simplify Crypto Transactions for Game Developers
Openfort, a crypto infrastructure startup, has successfully raised $3 million in seed funding for its “wallet-as-a-service” software for game developers and publishers. The wallet will support the Ethereum Virtual Machine (EVM). This makes it compatible with various Ethereum-based networks such as Polygon, Immutable, Avalanche, Arbitrum, BNB Chain, Optimism, Cronos, and Ethereum itself.
Openfort aims to provide game studios a seamless wallet experience by offering multiple APIs compatible with various game platforms. This includes browser games, PC games developed in Unity and Unreal Engine 5, and even mobile games.
One notable feature being developed by Openfort is the concept of game sessions or session keys. Users can reduce their interactions with the blockchain by implementing sessions, similar to how internet cookies remember user activity.
Openfort’s approach to “account abstraction,” which enables smart contracts to initiate transactions without user approval, has garnered particular interest from investors. This simplifies and enhances the gaming experience. Account abstraction is a vital technology in dApps as it automates less important transactions in the background.
Axie Infinity Introduces Axie Avatar Forge, Allowing Customizable PFP Avatars
Axie Infinity has introduced a new feature called Axie Avatar Forge. This allows players to create personalized and customizable PFP (Profile Picture) avatars.
With Axie Avatar Forge, users now have a wide range of options to diversify their profiles. They can choose from a selection of 20 backdrop colors. This includes translucent options, to match their axies with their personal or business identities in the digital and physical realms. Also, users can zoom in to focus on their axie’s face or zoom out to display their entire body, giving them greater control over their digital identity.
The Avatar Forge also enables users to construct animated scenarios using its elements or freeze an Axie in action, like during a backflip. Additionally, users have the ability to toggle Axie accessories on or off, providing further customization possibilities.
God’s Unchained Unveils Feature-Packed Roadmap, Promises Enhanced Gaming Experience
God’s Unchained has revealed its latest roadmap filled with exciting new features, taking into account feedback and suggestions from the community. Among the highly anticipated additions is the introduction of the ‘Sealed’ game mode and enhancements to the pack opening feature. These updates align with the team’s focus on improving the mobile gaming experience and their collaboration with game vendor iLogos.
The recent program updates not only offer rewards to creators but also promise exciting collaborations, exclusive opportunities, and recognition. While initially launched as a pilot, the program will undergo further enhancements in the future.
Gala Games Teams Up with PokerGO to Launch Web3 Poker Game
Gala Games, a well-known developer in the GameFi space, has announced a partnership with PokerGO, a poker streaming platform based in Las Vegas. Together, they are set to launch a new Web3 social poker game called PokerGO Play. The platform aims to offer players an immersive Web3 experience where they can upgrade their players and have the chance to win real-world prizes. Beta testing for PokerGO is scheduled to begin in June, with the full release planned for later this year.
In May 2022, PokerGO introduced the Genesis NFT collection, which consists of 1,326 non-fungible tokens representing different starting hand combinations in Texas Hold’em. This collection has seen significant trading activity, with a total volume of around 52 Ether (ETH) and a minimum price of 0.1 ETH.
NFT holders were rewarded with exciting perks, including opportunities to win cash, memorabilia, and merchandise related to winning moments. As part of the collaboration, PokerGO Genesis NFT holders will enjoy special benefits within the game and gain access to exclusive events held at the PokerGO Studio in Las Vegas.
Missed out on last week’s GameFi updates?
That’s all the GameFi updates this May 22-26, 2023! Missed the GameFi updates last week? Click here for the GameFi updates from May 15-19, 2023.