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Notable Funding in Blockchain Game Companies during 2022-2023

Funding in Blockchain Game Companies during 2022-2023 BY WEB3OCLOCK

Blockchain technology has been revolutionizing various industries, and the gaming sector is no exception. In recent years, blockchain game companies have been attracting significant investments, fueling the development of innovative and immersive gaming experiences. In this blog post, we’ll explore some of the notable investments in blockchain game companies, highlighting their potential and the exciting future they hold for gamers worldwide.

1. Pixion Games Raises $5.5 Million for Fableborne

London-based Pixion Games has successfully secured $5.5 million in funding for its upcoming mobile RPG, Fableborne. This seed round saw investments from prominent players in the industry, including Shima Capital, Eldridge, VGC Partners, Zee Prime, GSR, and Mechanism Capital, as well as notable DAOs such as Merit Circle and ReadyPlayerDAO. Fableborne, set to be launched on the Avalanche blockchain, promises a blend of PVE and PVP elements, with the Pixion League offering rewards through leaderboards and ladder placement.

2. Anichess Completes $1.5 Million Seed Round

Anichess, a web3 chess game developed in collaboration with Play Magnus Group and, recently concluded a successful seed round, raising $1.5 million. Investors in this round include GameFi Ventures, The Operating Group, Koda Capital, Bing Ventures, 708 Capital, Asymmetry Capital, and others. The funding will be utilized to further enhance the decentralized chess game, incorporating elements of skill, strategy, and esports. The alpha launch is scheduled for Q1 2024, promising an exciting future for chess enthusiasts.

3. Cat Paradise Secures Nearly $1 Million in Seed Funding

Cat Paradise, a web3 game backed by Pluto Games, has achieved an impressive milestone by raising close to $1 million in seed funding, valuing the company at $15 million. Notable investors in this round include Mask Network and Moon Capital. With the funding, Cat Paradise aims to advance its on-chain technology, expand its development team, and enhance marketing efforts. Running on the TON blockchain, this play-to-earn game holds the potential to redefine the gaming landscape.

4. Decentralised Gaming Ventures Receives 7-Figure Investment

Singapore-based Decentralised Gaming Ventures, a web3 game incubator, recently attracted significant undisclosed investment from South Korean VC Hashed. With a mission to empower promising game developers in Southeast Asia, Decentralised Gaming Ventures aims to acquire independent studios, and provide mentorship, collaborative development, and access to intellectual property. This investment solidifies the company’s commitment to nurturing talent and driving innovation in the region.

5. HyperPlay Raises $12 Million in Series A Funding

HyperPlay, a web3 game store launcher, and aggregator, has secured a substantial $12 million in series A funding. The funding round was co-led by Griffin Gaming, Bitkraft Ventures, and ConsenSys, with participation from other prominent investors, including Ethereal Ventures, Delphi Digital, Mirana Ventures, and more. HyperPlay’s game launcher enables players to carry their wallets, tokens, NFTs, and other assets across integrated games through a convenient wallet overlay. This investment positions HyperPlay as a key player in the growing blockchain gaming ecosystem.

The Future of Blockchain Gaming

The future of blockchain gaming holds immense promise and potential, as it continues to disrupt and redefine the traditional gaming landscape. With the convergence of blockchain technology, decentralized finance (DeFi), and non-fungible tokens (NFTs), the gaming industry is undergoing a paradigm shift that opens up new avenues for innovation, player ownership, and immersive experiences.

One of the key aspects driving the future of blockchain gaming is the concept of play-to-earn. Blockchain games allow players to earn valuable in-game assets, currencies, and even real-world value by participating in gameplay, completing tasks, or contributing to the ecosystem. This model challenges the traditional notion of gaming as a leisure activity and transforms it into a viable source of income. Players can monetize their time and skills, creating a more inclusive and accessible gaming environment.

Moreover, the integration of NFTs within blockchain games adds another layer of ownership and scarcity. NFTs enable players to truly own their in-game assets, such as characters, items, and virtual real estate. This ownership extends beyond the game itself, allowing players to trade, sell, and showcase their digital possessions in decentralized marketplaces. 

The ability to prove the authenticity, rarity, and provenance of virtual items through blockchain technology enhances their value and creates unique collecting and investment opportunities.

Blockchain gaming also offers increased transparency, security, and fairness. The use of smart contracts ensures that game mechanics and rewards are executed autonomously and cannot be manipulated. This eliminates concerns of cheating, fraud, or centralized control, fostering trust and empowering players. Additionally, blockchain technology enables cross-platform interoperability, allowing players to seamlessly transfer their assets and progress between different games and platforms, further enhancing the gaming experience and eliminating the walled gardens of traditional gaming ecosystems.

The future of blockchain gaming also extends into the realm of virtual reality (VR) and augmented reality (AR). By combining the immersive nature of VR/AR with blockchain’s decentralized infrastructure, gaming experiences can reach new heights of realism, interaction, and socialization. Virtual worlds and metaverses can be created, where players can explore, collaborate, and create content in entirely digital environments.


These notable investments in blockchain game companies showcase the increasing interest and support for this exciting industry. From mobile RPGs to decentralized chess games and play-to-earn experiences, blockchain games are pushing boundaries and reimagining the gaming landscape. As more investors recognize the immense potential of blockchain gaming, we can expect further advancements, collaborations, and immersive experiences that blur the lines between the virtual and real worlds. 

Stay tuned for more updates on the thrilling world of blockchain gaming as this industry continues to evolve and thrive. 

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