Magic Eden Ventures Backs 11 Web3 Gaming Studios
Magic Eden Ventures, the venture arm of the cross-chain NFT platform Magic Eden, has made investments in 11 web3 gaming studios. These investments aim to advance the web3 gaming sector. With this investment, the company hopes to assist games in launching NFT projects. It also attracts and engages users while supporting gaming infrastructure through in-game marketplaces.
Magic Eden working with Innovative Game studio
Since its founding in July 2022, Magic Eden Ventures has maintained close relationships with creative game studios that have long-term plans for web3 gaming. The studios range from those with a background in traditional gaming to those who are web3 native developers.
Through its Launchpad product, Magic Eden has promoted the success of more than 60 game mint launches on Ethereum, Polygon, and Solana. It offers unmatched exposure to gaming partners thanks to its 1.5 million daily user sessions and 15-minute average user session length.
Company planning reward system on its Rewards Hub
The company’s complete line of services and products for creators can facilitate engagement and monetization across the web3 ecosystem. Using Magic Eden’s APIs, Magic Eden Ventures also supports the infrastructure of games by enabling game developers to run their own in-game marketplaces. Also, enabling players to buy and sell virtual goods without ever leaving the game’s ecosystem.
The business has started testing rewards tokens on its Rewards Hub. However, it allows game developers to interact with both new and seasoned users. Among the 11 studios that Magic Eden Ventures has supported are Intella X, Blockstars, MatchDay, and Epic League.
Chris Akhavan supports Emerging Game Studios
The company recently expanded to the polygon Blockchain, and Chris Akhavan was appointed Chief Gaming Officer. This demonstrates the company’s commitment to propelling the web3 gaming industry forward. According to Akhavan, the company is only at the beginning of what blockchain gaming will develop into. He expressed excitement about continuing to support and aid in the long-term success of new game development studios.
Also Read: Defi Kingdoms: An Introduction To The Play-To-Earn Defi Game
- Breaking: $10 Trillion Vanguard Plans to Offer Crypto ETFs to Brokerage Clients
- BlackRock Loads Up on Bitcoin, Files For Premium ETF to Increase BTC Yield
- Best 10 Crypto Cards for 2025
- Expert Projects HYPE Token Upside as Bitwise Files for Hyperliquid ETF With SEC
- Expert Says Crypto ETFs Could Be ‘Death-Knell’ for Treasury Firms MSTR, MTPLF, BMNR, SBET
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Is Ethereum Price Set for a rebound as Whale accumulation Intensifies?
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
- Bitcoin Price: Analyst Predicts Crash to $104K Before Explosive Rally on Fed Cut Pattern
- HBAR Price Elliot Wave Signals an 86% Rebound as Key Risks Remain
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
