# Web3 Gaming Platforms 'AO Labs' Raised $4.5 Million USD to Develop the 'Spacebar' Gaming Platform By Colin Smith | Published 2022-08-03 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/spacebar-platform References: [venturebeat](https://venturebeat.com/2022/08/02/ao-labs-has-raised-4-5m-for-its-spacebar-community-driven-web3-gaming-platform/) & [ao.xyz](https://www.ao.xyz/)  'AO Labs,' a virtual development studio, announced a successful $4.5 million USD round of funding that it will use to develop the 'Spacebar Platform.' Spacebar will be an expansive [web3 hub for gamers](https://www.trendhunter.com/trends/play-solana-superhub) and blockchain fans alike, offering features such as [community interaction, game connectivity](https://www.trendhunter.com/trends/playsout), and several potential types of monetization. The platform is intended to be decentralized, "community-owned," and open source. AO Labs did not release extensive details on the Spacebar platform beyond these points. However, the company did state that Spacebar will be a casual sci-fi game set in space. The gaming platform will allow players to [form in-game alliances and guilds](https://www.trendhunter.com/trends/arena-of-faith) in order to conquer the world of Spacebar. Joony Koo, one of the platform's founders, stated: “Spacebar truly believes that a game that is both fun and built together with the community can bring the mass adoption of Web 3 and crypto." Image Credit: AO Labs ## Trend Insights (Trend Hunter) - Score: 3.8/10 - Popularity: 31% | Activity: 70% | Freshness: 12% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America, South America, Europe, Asia, Africa ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Mobile](https://www.trendhunter.com/mobile) ## Key Themes ### What's Driving This Trend - **Web3 Gaming Platforms:** The rise of web3 gaming platforms is providing new opportunities for community-owned and decentralized gaming experiences built on blockchain technology. - **Community-driven Monetization:** Spacebar's potential for multiple types of monetization and community ownership represents a shift towards creating fairer and more equitable ways to monetize gaming experiences. - **Casual Sci-fi Gaming:** The development of casual sci-fi games, like Spacebar, represents a growing market for immersive and entertaining gaming experiences that are accessible to a wider audience. ### Who This Affects Most - **Blockchain Gaming:** AO Labs' Spacebar platform represents a new frontier in blockchain gaming, one that prioritizes community interaction, connectivity, and game monetization - **Gaming Platforms:** The rise of community-owned and open source gaming platforms like Spacebar signals a shift towards more inclusive and collaborative gaming experiences that prioritize player agency. - **Casual Gaming:** The popularity of casual gaming experiences, like those offered by Spacebar, presents opportunities for game developers to create more accessible and engaging games that cater to a wider audience. ## Related on Trend Hunter - [Player-First Web3 Studios](https://www.trendhunter.com/trends/midnight-1.md) - [Zero Code Development Platforms](https://www.trendhunter.com/trends/soba-platform.md) - [Web3 Game Development Platforms](https://www.trendhunter.com/trends/build-play.md) - [High-End Web3 Mobile Games](https://www.trendhunter.com/trends/xterio.md) - [Web3 Development Studios](https://www.trendhunter.com/trends/thirdverse.md) - [Web3 Gaming Initiatives](https://www.trendhunter.com/trends/razer.md) - [Cinematic Web3 Games](https://www.trendhunter.com/trends/amgi-studios.md) - [Web3 Game Development Services](https://www.trendhunter.com/trends/wisdom-labs.md) - [Blockchain Gaming Platforms](https://www.trendhunter.com/trends/solana.md)