Magic Eden invests in 11 Web3 gaming studios

• Magic Eden Ventures has invested in eleven Web3 recreation studios.
• The 11 studios embrace Epic League, MatchDay, Blockstars, Bunch, Bravo Prepared, Honeyland, Intella X, and Stella Fantasy.
• Magic Eden launched its enterprise arm in July 2022.

Magic Eden Ventures, the enterprise arm of cross-chain NFT platform Magic Eden, has introduced investments in 11 Web3 recreation studios. The eleven studios vary from Web3-focused builders to conventional gaming startups, Magic Eden stated in a weblog put up.

Magic Eden to assist recreation studios launch NFTs

Within the announcement on 23 February, Magic Eden stated the investments are a continuation of its dedication to the event and adoption of Web3 gaming. The mission comes a couple of days after the platform expanded to the Polygon blockchain and employed Chris Akhavan as Magic Eden’s Chief Gaming Officer.

Launched in July 2022, the unit is backing Epic League, MatchDay, Blockstars, Bunch, Bravo Prepared, Honeyland, Intella X, Stella Fantasy, Rooniverse, Moonveil (STEALTH), Strider and Fortunate Kat. 

The partnerships will supply beneficiaries entry to companion networks and launchpad capabilities, amongst different options.

Akhavan commented on the help the NFT platform was extending to the 11 studios, noting that the gaming trade remains to be an rising sector that would but see huge development.

“Skilled recreation studios constructing Web3 enabled video games are pioneering one thing particular – enjoyable video games with digital asset possession and highly effective economies that allow communities and creators to deepen their reference to the video games they love. It’s a robust mixture,” he added.

In response to him, Magic Eden needs to assist these recreation studios “obtain long-term success,” by way of its enterprise arm. This contains by way of monetization, with entry to in-game market help and fan engagement inside the broader Web3 ecosystem key drivers of adoption.