Web3 News

Gomble Games, a web3 gaming platform that spun off from the popular game studio ‘111%’, has recently raised a total of $10 million in funding.

In the recent funding rounds, Gomble received investments from several prominent investors such as Spartan, Hashed, IOSG Ventures, Foresight Ventures, and BigBrain Holdings. This funding comes after the initial round in 2023, in which global venture capital firms like Binance Labs, Animoca Brands, Altos Ventures, and Shima Capital participated.

‘111%’ is the predecessor of Gomble Games and has produced viral hits such as Random Dice and BBTAN, with a user base of over 100 million players in seven years. Gomble Games’ primary focus is to bridge the gap between traditional (web2) gaming and blockchain-based (web3) gaming.

In this regard, Gomble Games’ CBO Chris Chang said: “At Gomble Games, we firmly believe in the power of collaboration and community in game development. Our vision is to create accessible games that are not just played but lived, where every player’s input shapes the world they immerse themselves in through an effortless and engaging casual gaming experience.”

The project’s goal is to establish a self-sustaining economy where games generate revenue based on user engagement, creating a mutually beneficial ecosystem that rewards both players and game developers.

In the future, Gomble Games plans to establish a participatory DAO (Decentralized Autonomous Organization), where users are not just players but active contributors in marketing, game production, and more. This inclusive model also extends to third-party developers, who will be integral to the ecosystem’s sustainable economic structure.

Kelvin Koh, Co-founder of Spartan commented: “With the boom in mobile gaming, we believe that hypercasual mobile games would be one of the main drivers of users into web3. The crypto-native Gomble Games team adeptly leads this charge as they combine the technical know-how to build addictive game loops with a deep understanding of the web3 gamer community. We are proud to back the team led by Chris, and cannot wait to experience what these creative geniuses have in the pipeline.”

Arts DAO Fest, the MENA region’s most significant cultural event in the Web3 space, is returning on April 20-21.

The event will be hosted at The Agenda in Dubai, where digital art enthusiasts and internet culture fans can join. Attendees can expect an immersive and unforgettable journey that showcases the limitless creativity and innovation that defines the digital art domain.

This year’s edition of Arts DAO Fest promises to surpass expectations, offering a diverse range of experiences designed to engage, inspire, and enlighten. From digital art exhibitions to interactive workshops, gaming zones, and a festival-like party, the event provides a unique platform where culture intersects with technology, creating a space where creativity and innovation can flourish.

Arts DAO Fest is proud to announce its initial speaker lineup, which includes visionaries and pioneers from various sectors such as NFTs, gaming, investment, and technology. Each speaker brings a wealth of knowledge and insights, promising to shed light on various aspects of the Web3 ecosystem.

Each zone at Arts DAO Fest 2024 is meticulously curated to offer a complete exploration of digital culture, allowing attendees to explore art, technology, gaming, music, and investments.

The Creator Zone is an interactive wonderland featuring various NFTs and captivating installations. Attendees can explore the forefront of digital creativity and make tangible connections to the collections that define our era.

The Talk Zone is designed for both newcomers and seasoned digital specialists. It offers insightful discussions led by some of the world’s top leaders in the field. Participants can engage in dialogues that deepen their knowledge and expand their perspectives on the digital future.

“The heart of Arts DAO Fest lies in exchanging ideas and sparking innovation. We have designed an event where the brightest minds in digital culture can come together to share insights and connect on a different level,” said Danosch Zahedi, Co-Founder, and CEO at Arts DAO Fest. “Whether you’re just starting your journey or you’re an expert, there’s something here to expand everyone’s horizons.”

The Gamer Zone presents a next-generation gaming experience, where attendees can embark on a gaming adventure in virtual worlds as boundless as their imaginations. This zone is designed to elevate the gaming journey of competitive players and casual enthusiasts.

Animoca Brands Corporation Ltd has recently formed a strategic partnership with Blockpass, a reputable provider of identity verification solutions for the Web3 space.

The main objective of the collaboration is to create a more compliant and secure environment for Web3 users. As part of the partnership, Animoca Brands and some of its portfolio companies will use Blockpass’ KYC/AML SaaS to provide seamless and cost-effective solutions for user verification.

This move will ensure more robust regulatory compliance and a safer, user-friendly experience for users of the Web3 and metaverse landscapes. It’s worth noting that Animoca Brands has been a Blockpass customer for a long time, and both companies are committed to enhancing user safety and security through this partnership.

In today’s world, where AI deep fakes and identity fraud are on the rise, Blockpass’s identity verification solutions have become essential to mitigate fraud risks and ensure users’ safety within the Animoca Brands ecosystem.

This partnership will also help meet the regulatory requirements of the growing crypto industry. As the crypto landscape evolves, adhering to KYC and AML regulations is crucial. By partnering with Blockpass, Animoca Brands and its participating companies can operate more confidently, knowing they comply with the regulations. Moreover, the partnership will enable them to streamline user onboarding with reusable identities.

Blockpass provides a user-friendly verification process for a seamless and efficient onboarding experience. With Blockpass, users can create, store, and manage a secure digital identity, making accessing Web3 services and other regulated sectors easier.

According to Animoca Brands co-founder and executive chairman Yat Siu, the company’s fundamental philosophy is to support and empower builders who share their vision of Web3 and the open metaverse. Animoca Brands believes in digital property rights for all and works to make this vision a reality.

“We work with Blockpass not only for the breadth of its offerings but also because Adam and his colleagues are highly committed to the vision of data sovereignty and true digital ownership. This strategic partnership will enable Blockpass to tap into the potential of Animoca Brands’ ecosystem while enhancing our user verification process.”

The collaboration between Blockpass and Animoca Brands is a crucial step forward in developing Web3 and the open metaverse. By emphasizing user safety, regulatory adherence, and user experience, the two companies lead the charge toward a more secure and equitable future for the decentralized realm.

Animoca Brands Corporation Ltd has signed a Memorandum of Understanding (MoU) with King Abdulaziz City for Science and Technology (KACST) to advance the Web3 and gaming landscape in Saudi Arabia.

As an independent governmental entity, KACST is responsible for advancing science and technology and facilitating collaboration among various scientific institutions in Saudi Arabia.

Through this partnership, Animoca Brands and KACST aim to strategically drive the progress of the Web3 ecosystem and gaming industry in Saudi Arabia. This includes setting up a physical Web3 Hub in Riyadh to incubate the region’s Web3 startups and blockchain technologies.

This project goes beyond physical infrastructure to support Saudi Arabia’s socio-economic growth by promoting local talent through education, training, and employment initiatives.

Yat Siu, co-founder and executive chairman of Animoca Brands, said the company’s partnership with KACST to establish the Web3 Hub and develop the Web3 and gaming ecosystem in Saudi Arabia is a crucial step for the region. This collaboration aligns with Animoca Brands’ goal of advancing adoption and development in the Web3 space.

The Web3 Hub and the collaboration will involve mutual research in Web3, blockchain, gaming, AI, and the metaverse. Additionally, they plan to form strategic partnerships with local universities to provide customized educational programs.

Animoca Brands will offer consultancy services in tokenomics and Web3 economics to companies and projects in Saudi Arabia. Additionally, both companies will collaborate on developing immersive experience labs to showcase the latest gaming, technology, and digital innovation.

As part of the partnership, KACST will provide office space to support the physical infrastructure needs of startups working within the Web3 and gaming ecosystem. Meanwhile, Animoca Brands will leverage its expertise in the Web3 industry to provide support and guidance in this domain.

KACST VP of Economies of the Future Mariam Nouh said: “We are excited to join forces with Animoca Brands in building national capabilities for gaming, immersive experiences, and Web3 technologies. We seek to transform blockchain and digital innovation development by establishing the Web3 Hub and growing the Web3 ecosystem in Saudi Arabia.”