The studios that created the cult video games Diablo, Elden Ring and Call of Duty raised $13 million to develop their own metaverse
Former video game developers Call of Duty, Diablo, God of War, Assassin’s Creed and Elden Ring raise $13M to create their own metaverse. About it writes VentureBeat with reference to the head of the company Avalon Corp Sean Pinnock.
Investment round led by venture capital firm Bitkraft Ventures. The pool of investors also includes Hashed, Delphi Digital, Mechanism Capital, Coinbase Ventures, Twitch co-founder Kevin Lin and others..
According to Pinnock, the company is not chasing the status of the metaverse site.. Instead, Avalon Corp wants to act as a bridge between game engines and blockchain networks.
“We believe that in the future, people will work together with tools that will make it really easy to create worlds and make your dreams come true.. The combined experience can form something like a metaverse,” says Pinnock.
According to Pinnock, the firm intends to invest in solving problems such as real-time interaction with the virtual world, scalability and simplification of user tools..
Avalon Corp wants to make creating new products more like a game than programming.
Pinnock also acknowledged that artificial intelligence can help create amazing user-generated content.. However, it is not clear whether Avalon Corp intends to work in this direction.
- Earlier, the editors wrote that Unity, a cross-platform development environment for computer video games, made friends with a dozen blockchain projects for Web3 content.. Unity now supports thirteen blockchain projects, including providers like Infura and MetaMask.
- However, video game developers themselves are still mostly skeptical about the blockchain.. At the end of January, a survey from the Game Developer Conference showed that only 2% of developers use blockchain in games. Another 75% said they were not interested in integrating the technology into their products.
- Xbox head Phil Spencer previously said that the current implementations of the metaverse are more like a “cheaply made video game.” In his opinion, computer video games do a much better job of immersing themselves in virtual reality than metaverse services.