HyperPlay Secures $12 Million in Series A Funding Round

Griffin Gaming Partners and Bitkraft, prominent investors, have taken the lead in a significant Series A funding round worth $12 million for MetaMask and Game7’s HyperPlay.

HyperPlay, the Web3-native game launcher, has successfully concluded its Series A funding round by securing an impressive $12 million in investments. The round was led by prominent investors Griffin Gaming Partners and Bitkraft Ventures, with participation from ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures, and Monoceros Ventures.

Founded in November 2022 by MetaMask and Game7 DAO, HyperPlay aims to tackle the Web3 gaming interoperability challenge head-on. It offers a platform that empowers developers and users alike by providing seamless interoperability for Web3 gaming, freeing them from the constraints imposed by centralized entities such as Apple, Google, and Steam.

By incorporating a wallet overlay on top of games, HyperPlay enables players to carry their MetaMask wallet within native or browser-based games, thereby fostering interoperability across all Web3 games. The company’s game store already features an impressive collection of over 33 Web3 titles.

JacobC.eth, the founder of HyperPlay, stated, “Since announcing HyperPlay in November of last year, we’ve been focused on building a platform that empowers both developers and users to effortlessly navigate the Web3 gaming realm.”

HyperPlay prides itself on being a developer-centric platform, as evidenced by its commitment to not imposing taxes on in-game economies. Instead, the company monetizes optional features such as on-ramping or token swaps, allowing developers to thrive and innovate.

For users, HyperPlay offers support for all Ethereum Virtual Machine-compatible chains, enabling seamless integration of wallets, tokens, and nonfungible tokens (NFTs) into every native or browser game. The platform’s launcher features an in-game wallet overlay, eliminating the need for users to leave the game and visit a separate website for NFT transactions.

Web3 gaming, also known as blockchain gaming, leverages distributed ledger technology to provide increased transparency, security, democratization, and user control over in-game assets. Recent data from DappRadar highlights the growing significance of Web3 gaming, with the sector accounting for nearly half of all blockchain transactions in 2022. It has emerged as the fastest-growing segment in the blockchain industry, surpassing decentralized finance (DeFi) and NFTs.

The positive momentum of the Web3 gaming sector has carried into 2023, as indicated by a recent report from DappRadar. The sector experienced consistent growth in the first quarter, with blockchain games and metaverse projects securing a staggering $739 million in funding during that period. HyperPlay’s successful Series A funding round positions the company well within this flourishing landscape.


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