As strategic partners, Hashed and Icetea Labs will jointly create an open metaverse ecosystem and sustainable GameFi in the potential.
Since the 2nd half of 2021, GameFi and the metaverse have appreciably boosted the cryptocurrency industry. There are currently dozens of crypto video games coming out each month. But as persons delve into the area, cryptocurrency video games are nevertheless addressing the situation of the economics of sustainability. Even the super emerging items make the local community query the vision in the “book” and the serious context. The industry is commencing to see a lot of stocks shed their breath with a quick-phrase concentrate and unsustainable economic climate.
Sharing a widespread vision and knowing of the likely and difficulties for the potential of GameFi and the metaverse, Hashed and Icetea Labs have come collectively to type a near strategic partnership.
In unique, the two strategic partners will help every single other in terms of investigation and improvement and financing, from infrastructure, platform and services amounts, to flagship items in the game existence cycle and in the metaverse (e.g. style and design of Tokenomics, launch strategy, marketing and advertising …
This romantic relationship should really encourage the all round improvement of the gaming and metaverse sector, notably in the Asia Pacific area.
Jun Park, Chief Investment Officer of Hashed shared: “In actuality, the variety of crypto video games with substantial each day energetic customers right now is pretty smaller. I have observed that a lot of tasks are faltering simply because they fail to notice their vision. From 2022, we will be functioning with Icetea Labs to actively seek out out actually great GameFi tasks with the following four basic criteria: one) proper game mechanics two) perform for revenue via time-based mostly efforts three) the economic climate has a lower treasury intervention four) The fundamentals of the game have to be actually enjoyable.
Edward Hong, Hashed’s Head of Development expressed: “SEA (Southeast Asia) is the quickest increasing area of blockchain video games and GameFi. Interestingly, blockchain video games like Axie Infinity are now absolutely shifting the financial cash flow of a lot of persons in the area. Through this partnership, Hashed will get the job done closely with Icetea Labs in the area to actively help likely venture founders to produce new serious worth. “
Thi Truong, founder of Icetea Labs, stated: “The gaming industry and the mega blockchain model will suffer if companies just want to take away rather than contribute. There are still many potential pieces and projects that need to be built seriously and with a long-term vision. In 2022 and beyond, we will dedicate all of our energies in researching and testing sustainable economic models, designing cross-game and cross-metaverse mechanics, building our workforce and residents for the nmetaverse, while also collaborating on infrastructural efforts. We are thrilled to be working on the alongside Hashed, one of the most visionary leaders in the crypto space. “
Hashed is a venture investing company generally targeted on likely early stage blockchain protocols. Led by professional entrepreneurs and engineers, Hashed has a mission to drive blockchain adoption globally via strategic investment and local community setting up. Based in Korea, San Francisco, Singapore and Bangalore, Hashed has nurtured a lot of prosperous web3 tasks this kind of as Terra Money, Axie Infinity, Klaytn, Link and The Sandbox. Hashed also runs the UNOPND metaverse studio and South Korean crypto watchdog KODA.
Icetea Labs is a corporation specializing in the incubation of main metaverse and gaming tasks in Asia. Managing two of the ideal doing launchpads, GameFi.org and Red Kite, Icetea Labs has consulted, strategically invested and launched a lot of substantial-finish tasks this kind of as Bloktopia, Sidus, Solice … Icetea Labs also owns a studio.game Mirai and is functioning on near get hold of with a variety of prominent partners, bringing a lot of vital innovations to the sector.
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