Web3 shooting game Lowlife Forms completed $3 million pre-seed round financing

It is reported that VitalXP, a game production company, announced that its Web3 shooting game Lowlife Forms completed a pre-seed round of financing of US $3 million, with Streamlined Ventures and Marbruck Investments leading the investment.

Interpretation of this information:

VitalXP, one of the game production companies, recently announced that it has completed a pre-seed round of financing for its Web3 shooting game, Lowlife Forms. With Streamlined Ventures and Marbruck Investments leading the investment, the company successfully secured US $3 million.

This announcement indicates that VitalXP has successfully attracted the interest and support of reputable investment firms in the gaming industry, contributing to its potential success in the future. The fact that Streamlined Ventures and Marbruck Investment have invested in Lowlife Forms suggests that they see potential in the Web3-based shooting game, and believe in VitalXP’s ability to successfully develop and market it.

The use of the term Web3 also indicates that VitalXP is at the forefront of new technological developments in the gaming industry, specifically in the area of blockchain technology. Web3 games are built on blockchain technology enabling players to own their game assets such as characters and levels, which may be transferred and sold as tokens on blockchain platforms. This shift from traditional game development to blockchain-based games is a current trend in the gaming industry and presents an exciting opportunity for game developers to explore new ways of monetizing their products.

From the consumer standpoint, the Lowlife Forms game presents itself not only as a promising entertainment platform but also as an investment opportunity. The blockchain technology powering the game allows players to purchase and own unique game assets, enhancing the gaming experience of in-game assets for players, and allowing for peer-to-peer trading between players. This creates a new marketplace and revenue stream for both developers and players, ensuring the game’s continued relevance and value over time.

Overall, the pre-seed round of financing for Lowlife Forms appears to be a promising development for VitalXP. It not only provides them with the necessary capital to continue the development of the game but also indicates that investors and consumers alike are interested and invested in the game’s success. Additionally, the use of Web3-based technology shows that VitalXP is exploring new opportunities in the gaming industry and keeping pace with the latest trends, making it an exciting company to watch for future gaming developments.