'AMGI Studios' announced a successful round of funding with an undisclosed total fund count. The company will use this funding, which came from various sources in the web3 space, to develop several noteworthy NFT-based gaming projects. The first project is titled 'My Pet Hooligan' which will become an NFT-based game that brings the NFT characters to life. This will be one of the first additions to AMGI Studios' upcoming metaverse.
In addition to My Pet Hooligan, AMGI is also creating 'Immi' and 'The Rabbit Hole.' Immi is a mobile blockchain game, while The Rabbit Hole is a cartoonish open-world game with countless ways to play. With these blockchain projects, AMGI Studios hopes to "merge Hollywood with web3," as many of the animators from AMGI have previously worked on high-profile animated movies from the likes of Pixar and Disney. Aside from similar animation styles, AMGI did not disclose how it intends to merge web3 and Hollywood.
Image Credit: AMGI Studios
Why This Trend Is Growing
- Blockchain Gaming Projects
- There could be opportunities for blockchain-based game development using NFTs.
- Mobile Blockchain Gaming
- There could be a market for mobile blockchain-based games.
- Cartoonish Open-world Gaming
- There could be opportunities for cartoonish open-world game development with blockchain integration.
Industries Being Reshaped
- Gaming Industry
- Blockchain integration in the gaming industry could create added gaming dynamics and make it more secure and fair.
- Entertainment Industry
- Blockchain technology could offer a new way for content creators to monetize their works, and the integration of web3 could create new possibilities for entertainment industry companies.
- Mobile App Development Industry
- Blockchain technology could be used to create secure and innovative mobile apps, making mobile app development an exciting and rapidly growing market.
