Trace Raises $3 million as Artyfact Releases Demo
The metaverse gaming startups are making bold moves to expand their blockchain offerings to more users in the crypto space.
Gaming in the metaverse is an attractive idea, which is why several developers and projects are looking to bring it to life. To this end, the play-to-earn (P2E) NFT metaverse startup Trace announced that it had completed a $3 million seed funding round to bring its metaverse dream to life. Trace, the brainchild of Bogdan Evtushenko, Dmitry Fomin, Dmitry Korostelev, and Alexey Gavrilov, was founded in 2018. The project has already garnered a 100,000-member strong community, many of whom are waiting to enter its metaverse.
HNI investors led the funding rounds with private investments. Trace raised an extra $500,000 through NFT sales on its platform. The seed and capital raised from NFT sales will go into Metaverse development, marketing & acquisitions, tech hiring, and brand development.
According to the team behind Trace, the project looks to tap into the wealth of potential for P2E games in the Indian market. With the Indian video gaming ecosystem growing in leaps and bounds recently, the Trace team believes that the time is right to leverage the available potential and drive mass adoption of blockchain technology. Also, the team believes Trace offers players a chance to earn rewards and make money only through its in-game features.
Trace is a metaverse gaming project that utilizes geo-location and augmented reality, and players can enter the virtual world through their smartphones. The game already has an in-app marketplace for trading avatars, boosters, cars, car spare parts, and other in-game assets.
In other news, a new open-world gaming metaverse, Artyfact, has launched its demo for gamers to get a sneak peek into its metaverse offering. The project is built on the BNB Smart Chain, and it aims to unite the best of the Metaverse with an attractive play-to-earn model that gives gamers the best of both worlds – an immersive gaming experience and a chance to earn real money.
Artyfact is powered by Unreal Engine 5, and it offers a graphics-intensive Web3 Gaming Metaverse with addictive gameplay and an integrated P2E model governing its tokenonomics. The recent demo launch was a high point in the Web3 gaming ecosystem, and it featured only one of the proposed games in the Artyfact metaverse.
The game will feature several PAE (play-and-earn) multiplayer modes for all players. Players will receive ratings as they play each game, making them eligible for more gaming opportunities. Also, players will earn $ARTY, the Artyfact native token, when they eliminate other players in the PAE modes.
Artyfact will offer in-game assets in the form of NFTs. Avatars, clothing, weapons, and real estate will be available for gamers in the Artyfact metaverse. Every gamer will have full ownership of their in-game assets, free to trade them in the in-app marketplace, transfer them to other wallets, or upgrade and customize them to increase their value.
In addition, Artyfact will provide more than just games. The Metaverse will avail opportunities for celebrities and brands to engage their audiences in the Metaverse through event sponsorship, virtual merch offerings, cooperative gaming, etc.