Podcast Summary
Crypto gaming industry collaboration: Merit Circle moves to Immutable DAO, bringing together gaming ecosystem components, emphasizing layer 2 solutions, and showcasing growing crypto gaming collaborations and advancements
The crypto gaming industry is experiencing significant growth and collaboration, as evidenced by Merit Circle's announcement of their migration from Avalanche to Immutable, a DAO with a $100 million treasury. This move brings together various components of the gaming ecosystem, including games, players, investors, and developers, to join forces and build a stronger presence in the crypto gaming space. The announcement also highlights the increasing importance of layer 2 solutions, such as Immutable and Polygon zk EVM, in the crypto ecosystem. This is an exciting time for crypto gaming, and we can expect to see more collaborations and advancements in the coming months. Additionally, it's important to note that Ryan and Rsa from Bankless are angel investors in Immutable. Sponsors like Kraken, Arbitrum, Celo, Uniswap, TOKU, and USDV are also making significant strides in the crypto space, offering innovative solutions and services for users.
Immutable and Merit Circle join forces to revolutionize gaming: Leading gaming platform Immutable partners with Merit Circle, the largest Web 3 gaming DAO, to create a formidable ecosystem, advancing Web 3 gaming adoption and use of zk roll ups.
Immutable and Merit Circle, two key players in the Web 3 gaming space, are joining forces to revolutionize the gaming industry. Immutable, a leading gaming platform since 2017, aims to be the one-stop shop for game developers by providing solutions for user experience, developer experience, scaling, and liquidity fragmentation issues. Their focus on zkEVM and roll ups aligns with their goal to onboard the 3.1 billion gamers who currently spend $150 billion annually on in-game items they don't own. Merit Circle, the largest Web 3 gaming DAO, focuses on investments, gamers, studio projects, and infrastructure. Together, they will create a formidable ecosystem that combines Immutable's gaming expertise and Merit Circle's community and investment capabilities. This partnership will further advance the adoption of Web 3 gaming and the use of zk roll ups in the gaming industry.
Merit Circle: A DAO for the Gaming Industry with $100M+ Treasury: Merit Circle is a DAO empowering global gaming participation, providing tools for studios and gamers, and fostering community governance with $100M+ treasury.
Merit Circle is a decentralized autonomous organization (DAO) focused on the gaming industry, with a treasury worth over $100 million, and it has developed several products including Beam, a gaming tech stack, Beam Chain with an AMM bridge, Beamhub as a content platform, and Sphere, an NFC marketplace for gaming. Merit Circle's mission is to enable global participation in building and investing in gaming projects, with a focus on transparency and community governance. The organization has seen significant growth since enabling community decision-making on the treasury, leading to partnerships with notable figures and projects in the gaming space. Merit Circle's products aim to address the needs of both game studios and gamers, providing tools for blockchain adoption and NFC marketplaces. The organization's unique approach to DAO governance and its focus on the gaming industry sets it apart from traditional DAOs.
Immutable and Merit Circle join forces to simplify choices for game developers: Immutable's partnership with Polygon led to a surge in funded games and high win rate. Merit Circle's expertise in gamers and infrastructure adds value, aiming to combine forces and create a dominant Web 3 gaming platform.
Immutable and Merit Circle, two key players in the Web 3 gaming space, are joining forces to create a formidable alliance. This partnership aims to simplify the choice for game developers and improve their ability to work effectively in the market. Since Immutable's partnership with Polygon at the start of the year, the number of well-funded games has grown from 100 to over 220, with a win rate increasing from 35% to nearly 70%. Merit Circle, with its deep knowledge of gamers and infrastructure built on Beam and Sphere, brings valuable assets to the table. The ultimate goal is to combine Merit Circle's largest Web 3 gaming town with Immutable's leading Web 3 gaming platform, underpinned by Polygon's scaling protocol, to create an unstoppable force for games. This collaboration could significantly increase their combined market share and make a significant impact on the Web 3 gaming industry.
Neurocircle, Beam, and Immutable Collaborate to Create a Unified Gaming Ecosystem: Three leading web3 gaming companies, Neurocircle, Beam, and Immutable, are joining forces to create a unified gaming ecosystem, combining marketplace expertise and gaming infrastructure to streamline decisions for game developers and create a seamless space for gamers.
Neurocircle, Beam, and Immutable are joining forces to create a powerful gaming ecosystem. Neurocircle and Beam will bring their marketplace expertise and focus on being where the games and gamers are, while Immutable will provide the gaming infrastructure. This collaboration aims to streamline decisions for game developers and create a unified space for gamers. The combination of Neurocircle and Beam's market share with Immutable's gaming infrastructure could potentially result in a significant increase in market share. The emphasis is on starting a collaboration, primarily on the sphere and marketplace side of things, with potential for expansion to other products based on demand. This collaboration is significant as it brings together key players in the web3 gaming space, allowing for the creation of vertically integrated infrastructure and eliminating the need to split the ecosystem.
Immutable and Merit Circle form strategic partnership: Immutable's infrastructure and Merit Circle's focus on gamers come together to enhance user experience and bring modularization to web 3 space.
The partnership between Immutable and Merit Circle represents a strategic consolidation in the web 3 space, with each company bringing unique offerings to the table. Immutable, with its focus on infrastructure and scalability, is seen as the AWS layer, while Merit Circle, with its focus on gamers and game development, is seen as the Shopify. The partnership will allow Merit Circle to tap into Immutable's infrastructure, specifically the immutable passport and order book, to improve the user experience for gamers and studios. In return, Merit Circle will bring its marketplace and primary sales infrastructure to the Immutable ecosystem, with a focus on gaming and understanding of the end user. The partnership is seen as a start of something bigger, with the potential for further modularization and specialization in the web 3 space.
Immutable X and Merit Circle's Combined Balance Sheet: A Massive Opportunity for Collaboration: Immutable X and Merit Circle, with over $27.5 billion in combined assets, are collaborating to invest in each other's games and build infrastructure in the gaming ecosystem.
Immutable X and Merit Circle have a large combined balance sheet of over $27.5 billion and have not spent a significant portion of it yet. This presents a massive opportunity for collaboration and joint value proposition in the gaming industry. Immutable X's treasury, which is the largest non-native treasury in the industry, was built through a public LBP and has been used to invest in over 50-60 game studios. Merit Circle also has its own internal games and recently co-launched a studio called Studio of the Million to build a party-style game called Forgotten Playland. Both entities are working closely together and expect to invest in each other's games. The collaboration between Immutable X and Merit Circle is a long-term alignment that aims to build joint products and infrastructure in the gaming ecosystem.
Gaming on Beam: Trio Extreme and Amino lead the way: Popular games Trio Extreme and Amino are using Beam for enhanced user experiences, offering smooth migration for developers with an SDK and growing gaming scene with 15+ announced games
Beam, a Web 3 gaming tech stack, is gaining popularity with external developers building games on it, including titles like Trio Extreme and Amino. Trio Extreme is a bike racing game with over 150 million users in its web 2 versions, and Amino is a fitness moving app partnering with organizations like the San Francisco 49ers. These games offer enhanced user experiences with blockchain technology without requiring users to focus on it. The migration to immutable should be smooth for developers, as Beam offers an SDK for easy integration. With over 15 announced games on the Beam tech stack, the gaming scene is expected to grow and become even more fun for players.
Immutable and On1/Merit Circle form partnership for gaming infrastructure: Immutable and On1/Merit Circle partner to create multi-chain gaming infrastructure, enabling cross-roll up liquidity and interoperability without financial incentives, and improving overall gaming ecosystem efficiency.
Immutable and On1/Merit Circle have formed a partnership to create a multi-chain gaming infrastructure, with a shared global order book and atomic settlement, enabling cross-roll up liquidity and interoperability. This collaboration, which doesn't rely on financial incentives, aims to provide a win-win situation for both teams and improve the overall gaming ecosystem. Immutable is focused on building within Immutable X and other immutable roll-ups, while On1/Merit Circle brings their gaming expertise. The partnership also includes Immutable underwriting grants to games, ensuring the value is protected and incentives are aligned. This collaboration is expected to make both teams more efficient and contribute to making Immutable the third-highest grossing protocol by utility in the Ethereum space.
Immutable and Merit Circle Partner to Enhance Web 3 Gaming Experience: Immutable and Merit Circle team up to simplify web 3 gaming, develop trading primitives, and educate gamers on NFT benefits on Avalanche and beyond
Immutable and Merit Circle are partnering to provide gamers and game studios with a more efficient and value-added experience in the web 3 gaming space. Immutable, with its strong foundation on Avalanche, and Merit Circle, with its funding and ecosystem, aim to make it easier for gamers to make informed choices about where to build, trade, and launch games. The shared vision is to offer a compelling value proposition, including developing trading primitives, simplifying the experience for gamers, and educating them about the benefits of NFTs. The partnership is not limited to Avalanche; Immutable is chain-agnostic, and they plan to continue building on the AppSync system while also working with Immutable Polygon. The ultimate goal is to cater to gamers and game studios and expand the ecosystem beyond its current state.
Exploring the Progress of Crypto Gaming Industry: The crypto gaming industry, with its recent growth, offers exciting opportunities but also involves risks. Embrace the crypto gaming frontier as part of the larger bankless journey.
The crypto gaming industry, which gained significant attention during the last bull market, has been undergoing development for several years. Early investments in this sector are now starting to bear fruit, as shown by recent sprouts of growth. The speaker, who has personal experience with crypto gaming through Gods Unchained, shares his excitement about the progress and acknowledges the risks involved in this emerging field. He encourages listeners to embrace the crypto gaming frontier as part of the larger bankless journey. The speaker, Robbie, and his co-host, Marco, were guests on the show to share a GameFi summer announcement. Despite the risks, they are optimistic about the future of crypto gaming and appreciate the community's support. The crypto world moves quickly, with seasons changing just like in the real world, and the bankless community is headed west, ready to game along the way.
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