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Today in The Block: South Korean metaverse project Another World Merging with LAMINA1 After "All Token Deal" As senior reporter RT Watson writes: "In the coming weeks, Lamina1 said it plans to migrate a community of over 500,000 token holders, investors, metaverse builders, developers and enthusiasts into the L1 ecosystem via token exchanges and targeted onboarding designed to activate their community." Meanwhile, the talented AnotherWorld team will be joining our ranks to help build out the LAMINA1 Hub platform, explore/integrate key tech around interactive gaming and metaverse infrastructure, and help us develop a new roadmap designed to meet the requests and needs of open metaverse creators around the world. For more information, check out the full report at: https://lnkd.in/gAfQBR35

The Sandbox Secures $20M to Expand Decentralized Metaverse The Sandbox, a user-generated content platform in the metaverse, raised $20 million through a convertible debt offering. The Sandbox, a platform that focuses on user-generated content in the metaverse, raised twenty million dollars through a convertible debt offering. Kingsway Capital and Animoca Brands co-led this investing round, which valued the company at $1 billion. True […] The Sandbox Secures $20M to Expand Decentralized Metaverse #metaverse #TheSandbox #VirtualWorld

Weekly Consumer Crypto News Dec 8th - Dec15th 📰 1/5: Treasure Launches ZkSync Chain Treasure, one of the largest gaming ecosystems, has launched its ZkSync chain, transitioning from Arbitrum and bringing over 15 games and assets along. Why this matters: This move highlights ZkSync’s growing importance in gaming. Thanks to Treasure’s partnership with thirdweb, users won’t experience blockchain complexities—it’s all abstracted away for a seamless experience. 2/5: Avalanche Announces $250M Locked-Token Sale Avalanche has successfully raised $250M through a locked-token sale led by Galaxy Digital and Dragonfly, marking one of the largest fundraising rounds in recent months. What’s next: Avalanche9000, the platform’s upcoming major upgrade, is expected to increase attention and adoption, further solidifying Avalanche’s position in the crypto space. 3/5: Pudgy Penguins Launch PENGU Token on Solana Pudgy Penguins, a leading NFT brand, has announced the launch of its $PENGU token on Solana, despite its NFTs being Ethereum-based. Why it matters: This strategic decision highlights Solana’s growing appeal for token launches. With Pudgy Penguin NFTs recently reaching an all-time high, the $PENGU token will further strengthen its community and ecosystem. 4/5: Beam Ventures Launches $150M Gaming Fund Beam Ventures, in collaboration with Abu Dhabi, has launched a $150M fund aimed at fostering growth in the gaming industry and making Abu Dhabi a global gaming hub. What this means: For game developers, this opens up new funding opportunities, potentially accelerating game launches on Beam’s platform and driving innovation in Web3 gaming. 5/5: EVE Frontier Enters Closed Alpha Testing EVE Frontier, the highly anticipated on-chain game by CCP Games, has begun closed alpha testing. As one of the first major Web2 IPs transitioning into Web3, it features an existing and functional economy. For the community: Builders can explore how Web3 technologies are integrated into the game, while gamers can look forward to unique opportunities with EVE Frontier’s launch.

The Godfather of web3… Mr. Metaverse... Our executive chairman and co-founder Yat Siu has been dubbed both on several occasions and we believe it’s with reason🫡 Learn from the driving force behind Animoca Brands about: → why #digitalpropertyrights motivate us to build everyday → how digital property rights will improve the overall digital economy → the importance and strength of network effects → how #web3 can benefit you 🫵 https://lnkd.in/gx9HJixu 

🔍 Dive into the latest groundbreaking Web3 advancements from the past 24 hours that are reshaping the digital frontier: - XR One and CARV Partnership: XR One and CARV have announced a groundbreaking partnership to redefine Web3 gaming, introducing Hero Nodes that offer enhanced rewards, unique utilities, and exclusive airdrops, and streamlining the gaming experience by integrating XR One’s ecosystem with CARV’s Consensus Layer. - SuiHub Global Accelerator Launch: SuiHub has launched a global accelerator program to support Web3 startups, offering up to $200,000 in funding, technical mentorship, and networking opportunities to drive blockchain innovation and adoption, particularly in the UAE. - techUK's Web3 & Immersive Technologies Campaign: techUK has initiated a six-month campaign to explore and promote the development, application, and commercialization of Web3 and immersive technologies in the UK, including blockchain, smart contracts, and extended reality, through various workshops, panel discussions, and networking events. - Advancements in Web3 Gaming Infrastructure: The partnership between XR One and CARV is set to enhance the gaming infrastructure by providing seamless settlement solutions and robust infrastructure, attracting a broader audience and accelerating the adoption of Web3 technologies in gaming. - Integration of Blockchain and AI: The collaboration between XR One and CARV also highlights the integration of blockchain with AI, creating a more rewarding and sustainable gaming ecosystem by leveraging advanced AI technologies to improve user experience and engagement. #Web3 #BlockchainInnovation #GamingRevolution #TechPartnership #AIIntegration #StartupAccelerator #DigitalFrontier #Web3Gaming #ImmersiveTech #BlockchainEcosystem

Are #NFTs Dead? Think Again! #NFTs are far from over—they're evolving! In #2025, NFTs will be the cornerstone of #Web3 innovations, driving industries like #gaming, #fashion, and #realestate to new heights. #Startups, this is your opportunity to shine! From creating unique #digitalassets to tapping into NFT-based loyalty programs, the future of NFTs holds endless possibilities. https://lnkd.in/gRTk4Z4V

Illuvium Raises $12 Million In a Series A Funding Round - illuviumio Blockchain Gaming Protocol has secured $12 million in a Series A funding round, with key contributions from top investors like King River Capital, Arrington Capital, and Animoca Ventures. - The recent funding brings the total to $60 million, which will be used to develop new games within the Illuvium ecosystem. - Illuvium will feature three interconnected games that utilize the same NFTs. - While traditional models often concentrate profits in the hands of a few, Illuvium reportedly redistributes 100% of in-game revenues to staked investors. “The concept of redirecting 100% of all in-game revenues to staked investors is a major draw for ILV, resonating strongly with our community,” said Kieran Warwick, co-founder and CEO of Illuvium. - Drawing comparisons to industry sensations like Palworld, Illuvium blends creature capturing and battle mechanics with NFT integration. - In addition, Illuvium Zero introduces a novel mechanic that gives landholders control over fuel production, making it possible for players to make strategic decisions in real-time. - The development team also plans for a multiplayer mode with eight players along the lines of Team Fight Tactics. Image: Metaverse Post

Asia's Unstoppable Rise in the Global Gaming Scene: A $87 Billion Triumph In an astounding leap forward, Asia now commands 46% of the global gaming market, boasting revenues of $87 billion out of a worldwide $188 billion last year. This achievement comes despite regulatory challenges in powerhouses like India and China, showcasing the region's invincible spirit and strategic dominance in the gaming sector. Three pivotal forces are propelling Asia's gaming industry to new heights: Technological Evolution and Adoption: The rapid embrace of cutting-edge technologies has significantly elevated the gaming experience, drawing players in droves. Leadership from Gaming Giants: Industry titans such as SEGA and Square Enix are not just participating but leading the charge in blockchain gaming innovation, marking a new era of gaming. Vigorous Investment: A staggering $14.6 billion in capital has been injected into the sector, Animoca and Binance spearheading investments, underscoring the immense confidence in Asia's gaming market potential. Asia's stake in the global gaming industry is not just significant; it's transformative, heralding a future where it continues to lead and redefine gaming at a global scale. #gaming #revolution #web3community #startups #global

JUST DROPPED! Smobler’s NOVA: Singapore Edition Turns Up the Heat with TOKEN2049 & F1 Night Race 🔥 Smobler, the leading metaverse architect headquartered in Singapore, announces the much-anticipated launch of NOVA 2024: Singapore Edition. Following the resounding success of its inaugural event in Singapore last year and Austin as part of SXSW this March, Smobler is teaming up with Ordinals Summit, Asia’s first large-scale Bitcoin Ordinals event. Smobler’s biannual signature event will take place alongside TOKEN2049, the world’s premier Web3 and crypto event, and the F1 Night Race. NOVA will be held on September 17 at ARK11, a futuristic 8,000-square-foot sci-fi-themed club in the epicenter of Orchard Road. NOVA is a celebration of the communities created by and connected with the Smobler ecosystem, including homegrown lifestyle conglomerate Spa Esprit Group, gaming hardware giant Republic of Gamers, local non-profit Music for Good, and digital native gaming metaverse The Sandbox, among many others. AWS will also give away USD 100,000 worth of credits to qualified startups at the event. In sum, NOVA is an in-real-life (IRL) invitation to the global community to converge, interact, and forge collaborations within the burgeoning open metaverse. Check out the full article for all the details on the lineup, partners, and what you can expect at this year’s event! You won't want to miss it 👉🏻 https://lnkd.in/gr3JKmfb #NOVA2024 #Smobler #Metaverse #Singapore #TOKEN2049 #F1 #CulturalActivations #Innovation #Phygital #ChampMedici #TheSandbox #ClayNation #AWS #RareSocial #Zodia #UnstoppableDomains #InchChua #ARK11 #Orchard