Web3-native game launcher HyperPlay announced on June 8 that it had finished its Series A investment round after securing $12 million from backers, including co-leaders Griffin Gaming Partners and Bitkraft Ventures.
ConsenSys, the parent firm of MetaMask, Ethereal Ventures, Delphi, Game7, Mirana Ventures, and Monoceros Ventures are some of the additional investors.The Web3 gaming interoperability challenge, according to HyperPlay, which was founded in November 2022 by MetaMask and Game7 DAO, is addressed “head-on” by its platform, which offers Web3 gaming interoperability and frees developers from being constrained by centralized organizations like Apple, Google, and Steam. According to the platform, it wants to make it possible for players to carry their MetaMask wallet inside native or browser-based games, enabling interoperability across all Web3 games. According to the company, HyperPlay’s game store now has over 33 Web3 games available.“Since announcing HyperPlay in November of last year, we’ve been focused on building a platform that empowers both developers and users to effortlessly navigate the Web3 gaming realm,” said JacobC.eth, the company’s creator.The platform claims to be a resource for both users and developers, and it claims that because of its “developer loyal” focus, it “charges no taxes on in-game economies, instead monetizing optional features like on-ramping or token swaps.”
Users may bring their wallets, tokens, and nonfungible tokens (NFTs) into any native or browser game thanks to HyperPlay’s support for all chains that are compatible with the Ethereum Virtual Machine.Users won’t have to exit the game and visit another website to conduct NFT transactions thanks to the integration of an in-game wallet overlay in the HyperPlay launcher, according to the business.Blockchain gaming, also known as web3 gaming, employs distributed ledger technology to provide more openness, security, democratization, and user control over in-game resources.
Web3 gaming accounted for nearly half of all blockchain transactions in 2022, according to a report by DappRadar. This places gaming far ahead of NFTs and decentralized finance (DeFi) as the industry with the fastest growth in the blockchain field.Another DappRadar analysis states that the sector continues to grow steadily in the first quarter of 2023, continuing its pace into 2023.Funding for blockchain gaming and metaverse initiatives totaled $739 million throughout that time.