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Blockchain

NEON Closes Successful Seed Funding Round, Raising $10.5 Million Led by Griffin Gaming Partners

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Griffin Gaming Partners, Polychain Capital, and Forte.io have invested in the development of a AAA blockchain-enabled game by the talent behind Halo, Call of Duty, and Star Wars

NEON, an independent game studio, has closed a successful seed funding round, raising $10.5 million USD to build the world’s first blockchain-enabled AAA first-person shooter game. Demonstrating significant interest in the project across the gaming, blockchain, and technology sectors, the oversubscribed round was led by Griffin Gaming Partners, alongside Polychain Capital and Forte. Forte will also provide technical support to the project.

Designed to reward and empower players and creators, Shrapnel will be the world’s first blockchain-enabled AAA first-person shooter game. Full details of the game are set to be announced next year.

Commenting on the raise, Mark Long, CEO at NEON, said, “When we saw the market research that players want to truly own their digital items, we knew there was a unique opportunity in blockchain. Thanks to Griffin’s investment and expertise, along with Polychain and Forte, we can bring to life a game and mod platform that I’ve dreamed of making for years. This team is inspiring to work with. We know we have the right game with the right tech at the right time.”

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Spun-out from HBO Interactive, the NEON team has unmatched professional experience in transmedia, virtual production, and gaming-as-a-service. Comprised of BAFTA and Emmy award-winning game industry veterans hailing from some of the world’s leading game companies including Xbox, Electronic Arts, HBO, LucasFilm, Irrational, and Zombie Ent amongst others, NEON’s vision is to create the most immersive gaming experience ever seen in the crypto space. To support this vision, a range of blockchain and deep tech experts will support the architectural and design needs of the game.

Pierre Planche, Partner at Griffin Gaming Partners, said, “Griffin is thrilled to be working closely with Mark and the NEON team as well as an awesome group of strategic partners. It is exciting to see a AAA games team of this caliber contribute to moving the blockchain gaming ecosystem forward with a focus on quality gameplay and long-term value. NEON is authentically leveraging some of the most exciting pillars of utility that blockchain has to offer gaming – its core game design innovates on competitive game modes, and its digital economy will directly reward and empower the community. As a long-time FPS player and prior esports competitor in the genre, I know Shrapnel is exactly the experience my peers and I can’t wait to get our hands on. “

Ben Perszyk, Partner at Polychain, said, “Polychain has long held that crypto will enable novel, unforeseen behaviors, businesses, and use cases, and we are seeing another example of that now with Shrapnel. We believe crypto assets and incentive structures will fundamentally change the way users play games, and we’re extremely excited to see the experienced team at NEON push the envelope forward on what’s possible in the crypto gaming industry by integrating crypto into a deep, immersive, AAA-style FPS experience.”

Josh Williams, CEO and Co-Founder of Forte, said, “Experienced game developers like the NEON team know that core gameplay and engagement mechanics are crucial for staying power. They are committed to creating sustainable blockchain ecosystems by putting game design and user experience first and we are honored they’ve chosen Forte to help them bring their vision to life.”

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JuicyBet Launches Its Innovative GambleFi Platform

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 JuicyBet, a Web3 startup, announced the launch of its GambleFi platform. This platform combines finance technology and gambling via blockchain to create unique opportunities and experiences for users. The company strives to revolutionize the principles of the online betting industry and the interaction between platforms and users in this market.

What is GambleFi?

GambleFi uses blockchain technology to ensure the fairness and transparency of games and betting outcomes and for players to get their share of the platform’s earnings and participate in its governance and day-to-day by holding its tokens.

How JuicyBet works

JuicyBet fully utilizes blockchain technology to establish a new ecosystem that has never been seen in the gambling industry. It is centered around user participation and transparency while providing gambling thrills and quality entertainment.

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All game records on the platform are kept in a public blockchain, while a set of smart contracts automates gaming outcomes and payouts and provides for the platform governance via the DAO model. This reduces fraud risks and operational costs, making JuicyBet a more efficient platform.

However, the platform’s main feature is the unprecedented level of user engagement via the platform’s native tokens.

  • First, the tokens provide access to betting.
  • Second, token holders get their share of the platform’s profit.
  • Third, token holders can vote on key decisions on the platform’s development in JuicyBet DAO.
  • And finally, DAO participants can also perform the role of oracles for bets and earn rewards.

In other words, JuicyBet doesn’t try to be just another gambling platform. It establishes a new ecosystem where users are in control of the platform and bets and are the beneficiaries of the platform.

In addition, JuicyBet offers additional earning opportunities, such as Double Farming and staking for token holders.

JuicyBet has already been noticed by users and investors – the platform’s 3-month turnover has exceeded $1,5 million, according to on-chain data available via Dune, and multiple centralized exchanges and launchpads have listed it.

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Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity

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Kore Digital Mining Ltd, a UK based Bitcoin mining company, announces that effective 1st May 2024, an additional 14 PH/s mining capacity will be added to its existing infrastructure.

This additional capacity will be provided by a major Bitcoin mining corporation and will be operational until 30th June 2024.

Derek Nisbet, Kore’s Founder & CEO, said – “We are pleased to work with a leading Bitcoin Miner in securing a large amount of mining capacity, for a 2 month trial period. We look forward to hopefully extending this period and engaging more with major mining corporations offering Bitcoin hashing opportunities, in the future.”

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This additional 14PH/s Bitcoin mining capacity adds to the existing 2 PH/s currently operational with Kore’s own infrastructure and an additional 4 PH/s is due to be added over the next quarter, totalling 20 PH/s.

The post Kore Digital Mining Ltd Announces Additional 14 PH/s Bitcoin Mining Capacity appeared first on European Gaming Industry News.

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HIPTHER Announces Major Expansion into Fintech, Blockchain, and AI, Reinforcing Its Position as a Diverse Industry News Leader

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Building on its established success in the gambling and iGaming sectors, HIPTHER Agency is excited to announce a significant expansion of its editorial focus into three dynamic industries: fintech, blockchain, and artificial intelligence. This strategic move is part of HIPTHER’s ongoing commitment to providing comprehensive, in-depth coverage across a spectrum of industries, including virtual reality, esports, and official global government releases.

Focused Expansion for a Diverse Audience

The expansion into fintech, blockchain, and AI represents HIPTHER’s dedication to staying at the forefront of technological and financial advancements. By integrating these sectors into the HIPTHER .com platform, the agency offers its audience a rich, diverse content experience, positioning itself as a one-stop destination for insights across these cutting-edge fields.

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Enhanced Digital Presence and Accessibility

Complementing this expansion, HIPTHER continues to enhance its digital footprint. The agency’s Android app has already established a strong user base, and with the anticipation of an iOS app in 2024, HIPTHER is set to broaden its reach and accessibility. The agency’s social media channels are also being rebranded to reflect this expanded focus, ensuring a cohesive and comprehensive digital experience.

Unwavering Commitment to Quality and Insight

HIPTHER, known for its high-quality content in the gambling industry, extends this commitment to its new sectors. The agency’s team of experts and seasoned journalists is dedicated to delivering insightful, accurate, and timely information, catering to the needs of a diverse, global audience.

Zoltan Tundik, Co-Founder and Head of Business at HIPTHER, states, “Our expansion into fintech, blockchain, and AI is a natural progression of our mission to provide diverse, in-depth industry news. We’re excited to bring our expertise and quality content to these vibrant sectors, while continuing to serve our existing audiences with the coverage they trust.”

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For more information, please visit HIPTHER.com

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