GameFi platform metaENGINE raises $4M in seed funding ahead of its v1 release » CryptoNinjas
metaENGINE, a first-of-its-kind blockchain gaming infrastructure platform, today announced the completion of a $4 million seed funding. The seed ound was co-led by Lemniscap and Jump Crypto with participation from Polygon Studios, Blockwall, blufolio, Insignius Capital, Future Fund, CoinDCX Ventures, Efficient Frontier, Maelstrom, and other leading VC funds and prominent angels.
The $4 million in fresh capital will assist in further development of the metaENGINE platform ahead of its upcoming v1 release, slated to go live during Q3, 2022. Over 25 GameFi projects are set to join the platform at its launch, with more details to be unveiled in the coming weeks.
“No other engine combines a publishing platform, MMO networking, and blockchain tools — such as crypto wallet integration and NFT minting — all within a single platform. The interest shown by major blockchain VCs and the broader GameFi developer community serves as an encouraging vote of confidence and bodes well for our forthcoming v1 release.”
– Alex Shalash, CEO & Co-Founder at metaENGINE
Ready for v1 Release
metaENGINE has built upon two decades of experience in the development and deployment of massive multiplayer online (MMO) game engine HeroEngine.
This expertise in operating a leading real-time, scalable, and cloud-based development platform secured successful licensing agreements with Electronic Arts to develop “Star Wars: The Old Republic”, Zenimax to develop “The Elder Scrolls Online”, and several other MMO projects.
metaENGINE’s platform provides developers with a complete suite of tools to build and publish MMO GameFi projects from scratch, mint NFTs, and in the future migrate games from other venues, and more.
Owing to metaENGINE’s unique real-time collaborative environment, multiple developers and content creators can simultaneously develop their games anywhere in the world.
In addition, the platform will deliver gaming guild analytics and management tools, native multi-blockchain compatibility with Ethereum, Polygon, Solana, and others. A multi-chain tooling suite with SDKs, wallets, NFT marketplace, and transactional layer is being built to be ready at launch.
Notably, metaENGINE addresses one of the most critical, yet infrequently discussed challenges related to blockchain-based gaming — asset interoperability.
Games developed on metaENGINE will feature not just multi-chain compatibility but also multi-game functionality, enabling items to be used across multiple game environments – this is fundamental to the creation of a true open metaverse gaming experience.
Current blockchain gaming tools are still relatively rudimentary…
Incorporation of web3 elements such as play-to-earn or NFTs requires games to have a substantial amount of external infrastructure that is not available on any single platform.
Other platforms looking to embrace blockchain features typically opted to provide blockchain Software Development Kits (SDKs), such as Forte and Enjin, but this still requires extra integration work.
Among metaENGINE’s multi-chain integrations is Polygon. The Polygon Network enables sustainable operations for game developers to mitigate the prohibitive gas fees associated with Ethereum.
“We believe metaENGINE will make a huge impact on the GameFi space — both for developers and gamers. We’re excited to get behind this project that will massively accelerate interoperability between web3 games.”
– Ishan Negi, Head of Operations at Polygon Studios