Pantera Capital invests $10 million in Worldwide Webb, a pixel art-based metaverse game in a Series A funding round. The crypto-focused investment firm is bullish on the potential for gaming on web3. This new influx of funds will be used to achieve various goals, including expanding the team, integrating additional collections of non-fungible tokens (NFTs) into the game, and building partnerships with various brands and IP holders.
Pantera Capital & Worldwide Webb – What’s Cooking?
Worldwide Webb is a unique pixelated gaming metaverse that allows players to use their existing NFT collections as in-game avatars. Worldwide Webb aims to bring more brands into the game. That is why a significant part of the funds goes to that effort. Furthermore, the funding is also used to integrate more chains beyond Ethereum and expand the team.
A crucial aspect of the company’s plans is to create its own standard for the ERC-1155 and 721 token standards. In addition, Worldwide Webb hopes that this new standard will help address the issue of royalty splitting from secondary sales. of NFTs and more.
In addition, Worldwide Webb will also be releasing a new browser-based game called Blockbusterz soon. In it, players use their own NFTs as avatars to participate in battles, missions, and raids. Winning battles grants players access to higher levels of NFT mints. The company is also working to bring more brands to the game.
“Worldwide Webb bridges the gap between traditional and NFT gaming communities through an ever-expanding catalog of browser-based mini-games, where each player can tap into a unique identity (in the form of NFTs).says Sehaj Singh, investment associate at Pantera. ,Webb’s rapid iteration of game development has not only led to fun and engaging mini-games, but the Worldwide Webb platform has provided another channel for NFT communities to improve engagement and community building.”
Games on Web3
The gaming industry is expanding rapidly in the coming years. worldwide website it is also in a perfect position to benefit from this growth. The game, set at the intersection between web3, gaming, and the metaverse, has already garnered significant attention from the web3 community. Additionally, the new funding allows the company to increase its presence in the gaming space.
With more NFT collections in the game, it also offers a wider range of resources for players. This allows communities to seamlessly connect with each other and experience multiple worlds. Thus, this makes the game more attractive to audiences around the world.
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