Game studio Empires Not Vampires completed a financing of US $1 million
It is reported that the independent game studio Empires Not Vampires completed a US $1 million financing, with Shima Capital, Zee Prime Capital, Fomocraft Ventures and FireX Capital participating. The financing is used to develop its latest game Paradise Tycoon, which is a social building and multiplayer game based on blockchain technology. （gamedeveloper）
Interpretation of this information:
The news of Empires Not Vampires completing a $1 million financing from Shima Capital, Zee Prime Capital, Fomocraft Ventures, and FireX Capital highlights the continued interest and investment in the gaming industry. The independent game studio plans to use the funding to develop its latest game, Paradise Tycoon, a social building and multiplayer game that utilizes blockchain technology.
Paradise Tycoon’s use of blockchain technology is particularly noteworthy, as it represents a growing trend in the gaming industry towards incorporating blockchain into game development. Blockchain technology enables a decentralized system that allows for improved security, transparency, and ownership of in-game assets. Additionally, the multiplayer aspect of the game shows a continued interest in social gaming and building communities within gaming platforms.
The involvement of multiple capital firms in this financing round also points to the potential profitability of the gaming industry. It is becoming an increasingly lucrative industry, with the global gaming market projected to surpass $293 billion by 2027. Investors are recognizing the potential for high returns in game development, particularly with the growing popularity of mobile gaming and the increasing interest in blockchain technology.
Overall, Empires Not Vampires’ completion of a $1 million financing indicates a promising future for both the gaming industry and blockchain technology. The investment from multiple capital firms highlights the potential for profitability in the industry, particularly with games that incorporate blockchain technology and social building aspects. As the industry continues to evolve and innovate, we can expect to see continued investment and growth in the gaming market.
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