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Revel raises $7.8M to become the Instagram and Robinhood of NFT platforms

TechCrunch

Revel , an NFT or “social collectibles” platform, raised $7.8 One way to describe Revel is a cross between Instagram and Robinhood, wrapped in social game economics,” Sideman said. Instagram is known as a social media platform while Robinhood is known as an investing and trading platform.

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Rec Room raises $145M at a $3.5B valuation for its user-generated, immersive gaming platform

TechCrunch

On the heels of Roblox hitting it big with its platform for user-created gaming content, another startup has landed a major round of funding to build out its own user-generated platform aimed at immersive experiences. There are some 12 million rooms on the platform already, Rec Room said.

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Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO

TechCrunch

Meanwhile, MVM said it is building a soon-to-launch social gaming app, Hyper. The chief executive also noted that more details around the utility of the governance token for MVM would be released to the platform’s member community in due course as part of its “build in public” ethos.

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Powder raises $14 million for its social app for game clips

TechCrunch

Meet Powder , a French startup that helps you share video clips of your favorite games, follow people with the same interests and interact with them. Powder wants to build the video infrastructure for social gaming. We thought we would create a community first and then a product,” co-founder and CEO Stanislas Coppin told me.

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Turkey’s Spyke raises $55M in a seed round to bring a social twist to casual mobile games

TechCrunch

. “It’s not just competing against the world of other casual games, but also companies like TikTok,” Sirinoglu said. The hugely popular video app has not, to date, published any games that you actively play in the app, but it has very much carved out a place for itself in the gaming community.

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a16z, Avenir and Google back South African mobile games publisher Carry1st in $20M round

TechCrunch

Carry1st , a South African publisher of social games and interactive content across Africa, has raised a $20 million Series A extension led by Andreessen Horowitz (a16z). Carry1st said it provides a full-stack publishing solution, handling user acquisition, live operations, community management and monetization for its partners. “We

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The Last Gameboard raises $4M to ship its digital tabletop gaming platform

TechCrunch

” 8 investors discuss social gaming’s biggest opportunities. Mehta noted that the pandemic nearly cooked the company by derailing their funding, which was originally supposed to come through around this time last year when everything went pear-shaped.