Immutable Launching Main Quest, Io.net and Aethir Collaboration, Movement Labs Raised $38 million

GM. This is the Wise Dog, the best source for web3 gaming news. We curate all the latest Crypto gaming news, so you can spend more time with your Tamagotchi.

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MARKET REVIEW

_{* Cryptocurrency data as of 4:00 AM ET 30th April}

CRYPTO GAMING HEADLINES

($IMX) The Immutable ecosystem is launching its rewards program, Main Quest, aiming to become the largest web3 rewards initiative. Main Quest offers up to $50 million in token rewards to Ethereum gamers.

RFLXT, the studio founded by Cardano founder Charles Hoskinson, is releasing its first game, Voyager: Ascension. However, the game is set to launch on GalaChain.

Movement Labs has secured $38 million in funding with the goal of integrating Facebook's Move Virtual Machine into Ethereum. The co-founders, aged 21 and 24, have expressed their mission to “make blockchain security sexy” with the launch of their L2 solution.

Mobile gaming studio, InfiniGods, has secured $8 million in Series A funding, exclusively from Pantera Capital. The funds will be allocated to scaling their blockchain infrastructure to reach a larger global audience.

CARV, the company behind CARV Protocol, has secured $10 million in Series A funding. The investment will be utilized to enhance its modular data layer for gaming and AI.

OTHER CRYPTO HEADLINES

Decentralized computing protocol io.net and DePIN platform Aethir have joined forces in a partnership. Together, they are committing $100 million to democratize access to global supercomputing.

($MATIC) Robinhood Wallet has introduced a new feature for the Polygon blockchain. They now support cross-chain swaps on Polygon's proof-of-stake network for tokens supported by 0x and LI.FI.

($SHIB) Shiba Inu has secured $12 million in funding to develop their L3. The funds were raised through the sale of $TREAT tokens, with participation from Animoca Brands, Polygon Ventures, and DWF Ventures in the funding round.

Quantix Capital has announced a strategic partnership with NFAI Labs. They have committed $10 million to support their goal of utilizing neural net technology to inform leverage trading decisions on decentralized platforms.

CryptoPunk 635 was sold for 4000 ETH, equivalent to $12.38 million, marking one of the largest NFT sales ever. It becomes the third ultra-rare Alien Punk to sell for over $10 million in the last two months.

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_{Important Disclaimer: This content is for informational purposes only and should not be considered financial advice. Accuracy not guaranteed. Always do your own research before making any trades.}