Why we invested in Gameta

We are excited to invest in Gameta, a game aggregation platform that allows users to play different games in one platform and also has a NFY trading marketplace.

Currently, the overall popularity of blockchain games and Gamefi has declined, and the track has also been cold, so will Gameta bring gamefi3.0?

We think there is an opportunity. Gameta is similar to mabox. It is equivalent to steam for web3. Games have always been the best application for web3, and they are also the easiest channel to attract web2 players to web3.

What Gameta has to do is actually very simple. It cooperates with game developers to provide players with an access platform, and the game has a hosting node. Currently, the main focus is on casual games. Each game can be found and downloaded on Google Playstore and Apple Store. Through Gameta, players can become familiar with Web3 without being forced to learn the complexity of Web3.

As long as players participate in these games, the platform will automatically provide each player with a free blockchain wallet and airdrop a Hippo NFT to the player. When playing these games, users can choose to buy bonus gems or spend money to upgrade NFTs to unlock more hidden features and levels. These interactions are similar to ordinary casual games, but all transactions are recorded on the chain.

Project development history and achievements

2022-10-05: Binance Labs invested in 7 projects selected for MVB, namely: decentralized domain name protocol Space ID, Web3 infrastructure Overeality, interoperability communication protocol Multichain Event Protocol (MEP), mobile strategy game Meta Apes, tokenized investment portfolio Velvet Capital, multi-chain open data analysis platform Web3Go, casual game platform Gameta

The latest NFT game Hippo Dash ended pre-registration on the 22nd, and the opening time was 48 hours. During the opening period, the total number of pre-registrations exceeded 50,000 users, and the number of new independent holding addresses of NFT exceeded 21,000, making it the game project with the most independent holding addresses on BNBChain.

In 2023, BNBChain released its April report, with Gameta ranking as the top dApp in the gaming ecosystem. The Web3 NFT gaming platform Gameta became the top dApp with 123,570 monthly active users, accounting for 27.5% of the total number of active users in the BNB Chain gaming ecosystem.

Through past achievements, we can see that Gameta has the right direction and successful operations, and has achieved remarkable results.

Financing Information

04-10: Web3 NFT game platform Gameta announced the completion of a US$5 million seed round of financing, with participation from Binance Labs, Huobi Ventures, Arcane Capital, Ceras Ventures, StartVC, Gate.io Labs, W3Coins, Redline Dao, DefinanceX, Rana Capital, Infinity Labs, Sixthdaovc and others.

Binance Labs, the venture capital arm of Binance, has continued to grow, with assets growing from $7.5 billion in August last year to $9 billion now, offering theoretical returns of more than 10 times its investment.

In the second quarter of this year, Binance Labs has invested in three companies so far, namely Thailand-based metaverse startup Playbux, South Korean blockchain game developer Gomble, and British Virgin Islands-based Web3 game platform Gameta.

Gameta has launched a $30 million community incentive fund, among which Hippo NFT holders, Gameta token holders, and active participants of Gameta platform entertainment applications (such as Hippo Dash) will have the opportunity to participate in Gameta's community reward fund first.

Token Economic Model: Dual Tokens

Gameta's economic system is a carefully designed framework that ensures the playability and sustainability of the ecosystem. Two types of tokens facilitate Gameta's economic system. They are the governance token HIP and the utility token GDO.

1. Function of Hip governance token

Total: 1 billion

All-scenario payment token in the Gameta ecosystem

For key business: purchase of NFT/user grading

DeFi features: staking rewards, fee reductions

Revenue sharing (with buyback mechanism)

DAO Governance

GDO is a game token of the Gameta ecosystem with an unlimited total amount. Users can use it to make in-game purchases such as game props, power-ups, and extended game time.

Development route

Currently, pre-registration is in progress, and airdrops are available. Many popular bloggers on Twitter have promoted it. Airdrops are risk-free events. If you are interested, you can find tutorials and participate. The project will be launched on cex in the third quarter.

Partner

Galxe: Galxe is the world's leading web3 credential data network. It is built on an open and collaborative infrastructure to help Web3 developers and projects leverage credential data to build better products and communities. This project is also one of our investments in 21 years. At that time, we achieved a hundredfold return.

Web3Go: is a multi-chain integrated data platform that provides rich web3 data services for users, developers and project owners

Gamefi2.0 or the next generation of blockchain games needs to improve playability and user participation stickiness, while combining drivable mechanisms and token economic models. Only in this way can it bring a second spring to blockchain games after AXS and GMT. Gameta is not a game developer, but only a game launch platform. Compared with mobox's current price of US$0.43 and fdv's valuation of US$400 million, Gameta obviously has a lot of room for development, which is why we invested.

At the same time, Gameta’s philosophy is to bring tens of millions of Web2 users into Web3. If it is a web3 project, we think it will be difficult to do, but as a team with more than 10 years of experience in casual game development and distribution, we believe that this can be done in the future. In other words, Gameta is a sustainable project.