The inverse model – the current state of the industry – will not get us to mass adoption. “For web3 gaming to reach its full potential, developers must create games where players come for the product experience and stay for the open economy. In a statement published Monday, Joao Beraldo, Jungle CEO said his company is focused on creating hybrid games that are “mobile-first and blockchain-enabled.” Rather than building the game all up from the ground, Jungle plans to acquire existing intellectual property rights from traditional video games and develop their characters into a web3 mobile game. The Brazil-based web3 startup said it will use the fresh capital to accelerate the development of its first game title, an NFT mobile shooter game expand its team. The fundraising also attracted participation from Delphi Digital, 32bit Ventures, Karatage, and Stateless Ventures, among others. Web3 games studio Jungle has closed a $6 million funding round co-led by Bitkraft Ventures and Framework Ventures. The seed round also attracted participation from Delphi Digital, 32bit Ventures, Karatage, and Stateless Ventures, among others.The Brazil-based web3 studio said it will use the funds to accelerate the development of its web3 mobile shooter game.Jungle has raised $6 million in a funding round co-led by Bitcraft Ventures and Framework Ventures.
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