'Midnight' Raised $7.5 Million USD for its Immersive Game Development
Colin Smith — November 26, 2022 — Business
References: midnight.io & venturebeat
'Midnight' is a web3-focused game development studio that recently emerged from stealth. The company announced a successful $7.5 million USD seed round of funding, which it will use to develop its upcoming web3 games. The developer noted that the games will focus on player-first experiences with both free-to-play and premium options available.
Midnight specified that its games will feature long, "never-ending stories," as well as experiences and economic participation that matches the story. This is to say that, Midnight is creating virtual worlds for players to invest large amounts of time into, become immersed in, and subsequently, earn a profit from through web3 economics. Lastly, the games created by Midnight will be interconnected and interoperable, resulting in streamlined experiences for dedicated fans.
Image Credit: Midnight
Midnight specified that its games will feature long, "never-ending stories," as well as experiences and economic participation that matches the story. This is to say that, Midnight is creating virtual worlds for players to invest large amounts of time into, become immersed in, and subsequently, earn a profit from through web3 economics. Lastly, the games created by Midnight will be interconnected and interoperable, resulting in streamlined experiences for dedicated fans.
Image Credit: Midnight
Trend Themes
1. Web3 Gaming - There is an opportunity for game developers to leverage web3 technology and create immersive games that offer players an opportunity to earn profits through economic participation.
2. Player-first Experiences - Developers can focus on creating games that prioritize player experiences, resulting in increased engagement and loyalty.
3. Interconnectivity and Interoperability - Creating games that are interconnected and interoperable can streamline experiences for dedicated fans and offer a more immersive gaming experience.
Industry Implications
1. Gaming - Game developers can utilize web3 technology to create games that allow for economic participation and prioritize player experiences.
2. Virtual Reality - Virtual reality has disruptive innovation potential for remote gaming experiences and can further enhance player immersion.
3. Fintech - Fintech companies have an opportunity to integrate web3 economics into their platform and offer users new ways to earn profits through gaming experiences.
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