HyperPlay, a Web3-native game launcher, announced the successful closure of its Series A funding round on June 8, raising $12 million from investors. The funding round was led by Griffin Gaming Partners and Bitkraft Ventures, with participation from investors such as ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures, and Monoceros Ventures.
Founded in November 2022 by MetaMask and Game7 DAO, HyperPlay aims to address the challenge of Web3 gaming interoperability. The platform provides interoperability for Web3 gaming, allowing developers to work without being constrained by centralized entities like Apple, Google, and Steam. It offers a wallet overlay on top of games, enabling players to carry their MetaMask wallet inside native or browser-based games. HyperPlay currently features over 33 Web3 titles in its game store.
JacobC.eth, the founder of HyperPlay, stated that since the platform’s announcement, their focus has been on building a platform that empowers developers and users to navigate the Web3 gaming realm effortlessly.
HyperPlay positions itself as serving both developers and users and takes a “developer loyal” approach by not charging taxes on in-game economies. Instead, optional features like on-ramping or token swaps are monetized.
For users, HyperPlay supports all Ethereum Virtual Machine-compatible chains, allowing players to bring their wallets, tokens, and non-fungible tokens (NFTs) into every native or browser game. The platform integrates an in-game wallet overlay, eliminating the need for users to leave the game and use a separate website for NFT transactions.
Web3 gaming, also known as blockchain gaming, utilizes distributed ledger technology to provide transparency, security, democratization, and user control over in-game assets. According to DappRadar, Web3 gaming accounted for nearly half of all blockchain transactions in 2022, making it the fastest-growing sector in the blockchain space, surpassing decentralized finance (DeFi) and NFTs. The momentum has continued into 2023, with the first quarter of the year witnessing consistent growth in the blockchain gaming sector, attracting $739 million in funding for blockchain games and metaverse projects, as reported by DappRadar.
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