A quick look at the 11 Web3 game studios invested by Magic Eden

For a long time, NFT trading platform Magic Eden has been working closely with innovative game studios with a long-term vision for Web3 games. They believe that Web3 games will become the entry point for millions of users to enter the blockchain, promote blockchain into the mainstream, and make the technology widely adopted. Therefore, after completing a $130 million Series B financing at a valuation of $1.6 billion last June, Magic Eden immediately used part of the funds for the construction of the Web3 game industry and launched Magic Eden Ventures (formerly Magic Ventures) focusing on Web3 games the following month.
On February 23, Magic Eden announced its investment in 11 Web3 game studios on its official blog. These project teams include both Web3 native practitioners and developers with traditional game backgrounds. By establishing partnerships with game studios, Magic Eden can not only help games launch NFT projects, but also attract and acquire users, and support game infrastructure through in-game markets. In this article, PANews will briefly introduce these 11 studios and their games. Perhaps one of them will become a hit in the future.
 Blockstars
Blockstars is an immersive management simulation game with music as its theme. Players can form a band called Blockstars in the game, then create, record and release singles, and package popular songs into albums for street performances. If players earn enough money in the early stage, they can also create their own record company, allowing other players to join and cultivate the next generation of Blockstar stars, thus achieving a new game cycle.
In addition to competing with other players on the music charts, gamers have a variety of ways to compete, win, and make money. Winners of limited-time events in various competitions will be rewarded with $ROC, which is issued based on the Solana blockchain. $ROC is used for major game operations such as minting, buying and selling Blockstars and other in-game NFT assets, and participating in governance. There is also another in-game utility currency called $ROL in the game, which is used for daily basic game operations.
 Bravo Ready/BR1:INFINITE
The AAA game "BR1:INFINITE" is the world's first risk-based shooting game, featuring the "Kill-to-Earn" concept. The main gameplay of this game is similar to that of "Battle Royale" games. After entering the game, players will be scattered on an island with a diameter of 3 kilometers. As they move towards the center of the island, they can obtain weapons, ammunition and equipment to strengthen themselves. The game has no time limit, and players can only leave the game when they are confirmed dead or survive to the end.
Unlike other games, players need to choose "risk mode" before entering the game, which is different game modes, including free entry-level servers, $0.25 servers, $1.00 servers, and $5.00 servers. In the paid mode game, players will receive rewards paid in $USDC for each kill of other players. The rewards are divided into two standards, and the actual income is based on the higher one. The eliminated players will only retain 85% of the denominated income. For example, if they have $20.00 $USDC when they are eliminated, they will retain $17.00 $USDC and be kicked out of the game.
BR1:INFINITE was developed by Bravo Ready, the game studio behind the game Mini Arena. Bravo Ready also provides a range of products and services on the infrastructure side of Magic Eden’s business and licenses the Kill-to-Earn IP to Magic Eden, white-labeling its games and tools and developing marketing strategies for other games.
 Bunch
Bunch is a lightweight digital world built around social chat, featuring connections with friends, video chats, and exploration of gaming spaces. Backed by game developers such as Supercell, Ubisoft, and Electronic Arts, Bunch aims to be a place for online social chat for teenagers. The company plans to introduce blockchain to its mainstream audience through collectibles and promote marketing activities through integration with partners such as Magic Eden.
 Epic League / Dark Throne
Epic League is a GameFi service platform that links games with NFT markets, communities, guilds, players, and DeFi, providing players with a unique gaming experience. Its team is composed of game practitioners from top game companies around the world. Epic League's first game series, Dark Thron, is a role-playing game (RPG) game launched in September last year. This is a simple action game set in a dark fantasy world. Players can perform continuous attacks to dodge enemy attacks by clicking the screen once, and can cancel prepared attacks to dodge enemy attacks by clicking the screen twice in a row. Dark Throne provides a free-to-play and earn function, enabling players who have not yet purchased totem NFTs to receive rewards while playing games. Non-holding players can play games and share profits by borrowing NFTs pledged by holders in the NFT lending pool.
Dark Throne is currently available on PC and mobile devices, and players can download it through Steam, App Store or Google Play. In addition, Epic League will release two games in 2023, "Twilight Fantasy" and "Space Monsters".
 Honeyland
Honeyland is a AAA Play-to-Own strategy game built on the Solana blockchain, scheduled to be officially launched in April this year. In the game, players manage their bee colonies and land by playing the role of beekeepers. They can choose a universe to explore and send their bees on missions to compete with other players for NFTs and scarce HONEY resources. When players earn HONEY and NFTs, they can use them to develop and strengthen their bee colonies, buy more land, participate in the Honeyland economy, or convert them into cryptocurrency.
Honeyland will launch the game token HONEY ($HXD) in March, with a total supply of 1 billion. HONEY can be obtained through in-game activities, or purchased or traded through the decentralized exchange (DEX) Raydium. Players will use it to purchase the most useful items and unique NFTs in the game to strengthen their colonies, perform certain in-game operations such as breeding or fusing bees, and can be used in missions, activities, and games. In addition, HONEY can be pledged to unlock opportunities in the game, allowing players to obtain special missions, drops, and exclusive in-game activities, and manage the decision-making and development of the project.
 Lucky Kat / Panzerdogs
Lucky Kat is a game studio from the Netherlands, whose games have been downloaded more than 200 million times in the app store. The team's first Web3 game is Panzerdogs, a play & earn PVP tank combat game. The game has recently been tested on iOS and Android platforms in multiple countries and attracted more than 50,000 users in a short period of time. In Panzerdogs, players will use their tanks and avatars to fight PVE (player versus environment) or PVP (player versus player), and in the process win battle pass (PanzerPass) progress, account experience points, and additional rewards for winning or completing tasks. By fighting in PanzerPass, players will earn tokens or other prizes.
Panzerdogs uses a dual token model: the first token ($BOLT) is primarily earned through playing the game, and this currency is used to obtain low-rarity tank parts and tanks through crafting and unboxing. The second token ($LUCKY) is used to purchase special in-game items, equipment, and is required to craft tank parts and tanks of higher rarity. $LUCKY can also be used to earn income through mechanisms such as staking. In addition to Panzerdogs, Lucky Kat is also simultaneously developing its second game, Cosmocadia, a community-based collaborative game in which people can build their own dream island. It will soon release its initial Genesis series on Sui.
 Neowiz / Intel X
Intella X is a Web3 gaming platform developed by South Korean gaming company Neowiz in collaboration with Polygon. It aims to eliminate high barriers to participation and improve user experience in Web3 through features such as simplified wallet creation and meta-transactions, and provides a variety of Web3 features such as mobile wallets, DEX, NFT markets, Launchpad, and games. Intella X implements a contribution-based reward distribution model, where contributors (i.e. game developers and gamers) can receive native platform tokens, Intella X tokens (IX), based on their contributions to the platform ecosystem. In addition, users can contribute to the platform ecosystem by staking or providing liquidity to the platform ecosystem, and receive a share of the platform revenue in the form of digital assets. Earlier this year, Intella X completed a $12 million financing round, with participation from Polygon, Animoca Brands, Magic Eden and other institutions.
 Play Time / Matchday
Matchday.com Game Studio has launched the Web3 football game Matchday, which claims to be "built for 5 billion fans". It has partnered with FIFA, FIFPRO, players and leagues around the world to bring thousands of officially licensed professional players into the game. Matchday players collect player cards to build their own teams and play against each other. Matchday is also a play-to-earn model, using utility tokens and governance tokens to cast player cards into NFTs that players can buy and collect. Players can also create digital assets in the form of NFTs, upload them to the market, and then buy and sell these digital assets.
Play Time is a company founded in October last year by Argentine football player Messi and two Silicon Valley veterans. Its main goal is to invest in sports, media and technology. Among the first startups invested in after its establishment is the football game studio Matchday.com.
 Ring Games / Stella Fantasy
Stella Fantasy is a collectible character NFT action role-playing game developed by Ring Games. The game characters are the foundational assets related to the core gameplay of Stella Fantasy and are also the first NFT assets that players can directly control and interact with. Each character has its own advantages and provides additional support, such as upgrading game resource generation facilities or crafting equipment. Players will continue to collect and upgrade various characters to meet their needs in order to develop strategies to improve their potential utility through the game.
Two currencies are used in Stella Fantasy: Manaring is a commonly used auxiliary currency in the game; Stella Fantasy Token (SFTY) is a multi-purpose token issued to maintain the ecosystem and governance of Stella Fantasy. Digital assets such as characters, equipment, and other goods obtained by players throughout the game will be stored in the player's wallet in the form of tokens and NFTs. Stella Fantasy has developed more than 20 high-quality anime characters using the Unreal 4 engine to provide a rare gaming experience in NFT blockchain games. Based on these characters, Stella Fantasy also plans to create and expand IP and its ecosystem to develop into a multiverse platform.
 Strider
Strider aims to create a Web3 platform based on a transparent and secure blockchain digital ledger, which is committed to helping creators use DAO as an alternative to corporate management systems. Its founders Andrew Green, Michael Brozman, Michael Cala, and Nick Braccia all have more than 20 years of industry experience in game development or investment marketing. The Strider platform will provide users with DAO tools for creative production, such as contributor payments, creative bounties, proposal submissions, programmable funding libraries, token issuance, hierarchical governance structures, and creative new attempts at front-end user experience and voting mechanisms. The startup's goal is to empower the community by unlocking the ability to easily, quickly, and efficiently launch and retain project ownership.
On February 21, Strider completed a $3 million financing round led by Makers Fund and Fabric Ventures, with participation from Shima Capital, Sfermion, Magic Eden and others, bringing the company’s total financing to $8.5 million.
 XP Foundry / Rooniverse
Rooniverse is a pocket-sized multiplayer online game developed by web3 game studio XP Foundry, which will be launched on mobile, PC and Mac. Players can explore, compete, progress, collect and build their own lives with their cute but wild pets Roos. The Alpha version currently available includes two game modes, custom lobbies, player accounts with battle pass progress, soft currency and exclusive cosmetics stores. The soft launch will include community tournaments, weekly leaderboard competitions and competitions with partners such as YGG SEA, Snack Club and Degen Legends. XP Foundry has reached a long-term cooperation with the game research and consulting team Naavik to jointly develop Rooniverse.