Web3 game platform Moxy completed financing of more than US $10 million

It is reported that the Web3 game platform Moxy has announced that it has completed more than US $10 million of financing, with the participation of investors such as Shima Capital, Polygon, MetaTope and GSR. Moxy’s Web3 game platform based on the FLOW blockchain-driven helps players including E-sports players and other players participate in the game and gain incentives in a decentralized, safe and stable way. At the same time, it also allows game developers to seamlessly create NFT based on game assets to promote the popularity of E-sports. In addition, Moxy also uses a unified digital wallet to participate in the game ecosystem so that players can store cryptocurrency and NFT. It is reported that Nolan Bushnell (founder of Atari) Lawrence Siegel (President of Sega Europe) and Tony Bickley (Director of Sega Europe) have joined the Moxy team.

Interpretation of this information:

Web3 game platform Moxy has recently announced that it raised over $10 million in funding from investors, including Polygon, MetaTope, Shima Capital, and GSR. Moxy’s platform is based on the FLOW blockchain network and aims to provide players with the ability to participate in games, including esports, in a decentralized and safe manner. In addition to allowing players to earn incentives, the platform enables game developers to create NFTs based on game assets, which could help promote the popularity of esports. With a digital wallet system that allows players to store both cryptocurrency and NFT, Moxy seeks to create an ecosystem that unifies the entire gaming industry.

At its core, Moxy’s Web3 game platform seems to be all about decentralization and safety. By utilizing blockchain technology, players can rest assured that their information and gameplay are safe from potential cyber threats or censorship. Additionally, using a blockchain-based system to reward players is more secure and efficient than traditional methods. This incentivizes players to invest more time and effort into the games they love, which could ultimately lead to a dedicated and passionate gaming community that drives the popularity of esports even further.

Another key aspect of Moxy’s platform is its ability to create NFTs based on game assets. This could have far-reaching implications for the gaming industry as a whole, potentially providing game developers with additional revenue streams and new ways to monetize their creations. Moreover, it could spark even more interest among gaming enthusiasts, who may now be able to own unique and valuable digital assets tied to their favorite games.

Finally, Moxy’s unified digital wallet system allows players to store cryptocurrency and NFTs in one place. This could be particularly appealing to those who are already invested in the crypto world or who are looking for new ways to diversify their portfolios. By creating a comprehensive ecosystem that covers all aspects of gaming, Moxy appears to be positioning itself as an industry leader that is well-equipped to handle the evolving needs of gamers and game developers alike.