{"id":4740,"date":"2023-03-13T15:24:33","date_gmt":"2023-03-13T15:24:33","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/03\/13\/jungle-secures-6-million-seed-funding-to-bring-web3-games-to-market\/"},"modified":"2023-03-13T15:24:33","modified_gmt":"2023-03-13T15:24:33","slug":"jungle-secures-6-million-seed-funding-to-bring-web3-games-to-market","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/03\/13\/jungle-secures-6-million-seed-funding-to-bring-web3-games-to-market\/","title":{"rendered":"Jungle Secures $6 Million Seed Funding to Bring Web3 Games to Market"},"content":{"rendered":"

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Web3 game<\/a> publishers Jungle secure $6 million in a funding round led by BITKRAFT Ventures and Framework Ventures. The seed round also sees participation from Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures, Stateless Ventures, Snackclub, and Norte Ventures. This marks Jungle\u2019s entry to expand and innovate web3 gaming in many aspects.<\/p>\n

What Is Jungle\u2019s Vision For Web3 Gaming?<\/span><\/h2>\n

The seed round funds allows Jungle to expand the company\u2019s team of game developers, designers, artists, and engineers, and to bring its first game to market later this year. Jungle leads the blockchain gaming revolution by developing and publishing games that introduce next generation players to web3.<\/p>\n

The company takes a unique approach to game publishing by acquiring underutilized IPs from established game companies. This allows them to develop their product vision and go-to-market strategy. Moreover, the Jungle team focuses on launching their titles with a focus on web3 distribution, growth, and monetization. This approach enables Jungle to bring games to market faster while delivering high-quality and enjoyable experiences to players.<\/p>\n

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\u201cWe are committed to creating fun-first hybrid games that are mobile-first and blockchain-enabled.<\/em>\u201d says Joao Beraldo, Jungle CEO. \u201cFor web3 gaming to reach its full potential, developers must create games where players come for the product experience and stay for the open economy. The inverse model \u2013 the current state of the industry \u2013 will not get us to mass adoption. To reach new audiences and expand the market, we\u2019ll need to do better as an industry.<\/em>\u201d<\/p>\n<\/div>\n<\/div>\n<\/blockquote>\n

Jungle\u2019s First Web3 Game<\/span><\/h2>\n

Furthermore, Jungle\u2019s first title is set to launch in 2023. The game is a genre-defining web3 mobile shooter with a gameplay-first focus. Designed for a casual mainstream audience, the game utilizes an opt-in by default open market economy. This also allows players to own and trade assets collected from gameplay. This innovation brings the power of digital ownership and free market economies to mobile gaming. The game is also positioned to introduce web3 gaming to new and exciting audiences worldwide.<\/p>\n

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\u201cThe open secret in the gaming industry is that there is no shortage of captivating content. Plenty of well funded games and experienced teams have launched into empty rooms due to tough timing, mistuned marketing, or unrealistically ambitious release schedules.<\/em>\u201d states Framework Ventures Principal Brandon Potts. \u201cWe find Jungle\u2019s approach towards acquiring and optimizing preexisting games really refreshing. By taking advantage of underutilized IP, we think Jungle could avoid the need to reinvent the wheel when it comes to web3 game development, allowing them to deploy and adapt quickly across this new, rapidly growing ecosystem. It\u2019s a really innovative approach, and we\u2019re excited to work with the team on implementing this strategy in the wild\u201d.<\/em><\/p>\n<\/div>\n<\/div>\n<\/blockquote>\n

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Jungle\u2019s successful funding round and innovative approach to game publishing demonstrate the company\u2019s commitment to leading the way in the blockchain gaming revolution. Moreover, onboarding the next generation of players to web3 promises a brighter future for both the industries as well as players. Their first title has the potential to revolutionize mobile gaming by introducing the power of digital ownership and free market economies.<\/p>\n<\/div>\n

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Web3 game publishers Jungle secure $6 million in a funding round led by BITKRAFT Ventures and Framework Ventures. The seed round also sees participation from Delphi Digital, Karatage, Fourth Revolution Capital, Monoceros, 32bit Ventures, Stateless Ventures, Snackclub, and Norte Ventures. This marks Jungle\u2019s entry to expand and innovate web3 gaming in many aspects. What Is […]<\/p>\n","protected":false},"author":1,"featured_media":4741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/JUNGLE\u00a9-KV-logo-clean-1-1024x576.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4740"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=4740"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/4740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/4741"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=4740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=4740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=4740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}