YuanUniverse Game Development Studio Flying Sheet Studios completed a financing of approximately $1.2 million

It is reported that the subsidiary of iCandy Interactive (iCandy) and the meta universe game development studio Flying Sheet Studios have completed a financing of approximately $1.2 million, with the participation of the German Federal Ministry of Economic Affairs and Climate Action, aiming to build a free social multiplayer online meta universe game “Star Life” based on NFT. Flying Sheet Studios was founded in Cologne, Germany, in 2014. It uses HTML5 to build a metauniverse mobile game and has established partnerships with brands such as Lego, Barbie, and DreamWorks. （vulcanpost）

Interpretation of this information:

iCandy Interactive and Flying Sheet Studios, a game development company, have reportedly completed a financing round of around $1.2 million for the development of “Star Life,” a social multiplayer online meta universe game based on NFT. The German Federal Ministry of Economic Affairs and Climate Action participated in this funding round. Flying Sheet Studios, established in Cologne, Germany, uses HTML5 to create a metauniverse mobile game and has collaborated with major brands such as Barbie, Lego, and DreamWorks. The game will be free-to-play, and NFTs will be used as in-game items.

NFTs, or non-fungible tokens, have gained popularity in the gaming industry as they allow gamers to exchange in-game collectibles and assets in a secure and transparent manner. This strategic move by iCandy and Flying Sheet Studios to develop a meta universe game based on NFTs may open up new revenue streams for the companies and further promote the adoption of blockchain technology in the gaming industry.

Keyword: iCandy Interactive, Flying Sheet Studios, NFTs.