'Colizeum Raises $8.4 Million From Deribit, SevenX Ventures, Axia8 and Genblock Capital' blockchain cryptocurrency
, a software development kit startup that provides SDK for mobile game developers and Play-2-Earn economy without prior knowledge in blockchain development, raised $8.4 million led by Deribit, SevenX Ventures, Axia8, LD Capital, and Genblock Capital. Other participants included TPS Capital, Momentum6 , DWeb3, X21, Profluent Ventures, Good Games Guild , CRT Capital, Au21 Capital, Pluto Digital, Basics Capital, and Tokenomik.io.
SDK allows game developers to add tokenized game mode monetization on top of their existing monetization or build blockchain native games. The blockchain-centric game development toolset represents a macro-level collaboration opportunity due to class-leading modular game-building tools.
This distinction soon drew attention to the metaverse notion. Players are urged to do more than engage in thrilling gameplay since the game is more than a game. Indeed, with the advent of the blockchain, the play-2-earn has expanded to encompass real-world economics, replete with considerable earning potential, such as the capacity to produce resellable user-generated content — capacities previously unavailable in the game industry.
In 2021, Ethereum witnessed a rise in popularity among DeFi and GameFi apps, including native decentralized exchanges like Uniswap becoming mainstream and the popularity of games like Decentraland, The Sandbox, and others.