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Adaverse, a Cardano-focused joint accelerator venture, has announced a strategic investment in Diagon Studios, a Nigerian gaming technology company focused on the development and distribution of hyper-casual games, utility, and NFTs through simple play-to-earn (P2E) models. 

Adaverse was launched in September 2021 as a joint venture partnership between EMURGO Africa and Everest Ventures, to identify and provide valuable support resources to promising African founders building the next wave of Web3 dApps in DeFi, NFTs, gaming, metaverse, and more on Cardano’s environmentally-sustainable blockchain. EMURGO Africa is one of the investment arms of EMURGO, a founding entity of the Cardano blockchain.

What is Diagon Studios?

Diagon Studios is a Nigerian blockchain GameFi platform focused on deploying P2E hyper-casual games on the blockchain to help break barriers in the Web3 gaming industry. Founded by Jeremiah Onojah, a seasoned engineer with years of experience building solutions in the Web2 and Web3 spaces, Diagon Studios bridges the gap between work and play by introducing the unique value of blockchain and digital assets with a multifunctional dApp (decentralized application). Diagon intends to scale its platform and issue digital tokens on the Cardano blockchain, one of the largest blockchain networks by market capitalization. 

Diagon believes that video games should remain highly entertaining, less complex, and readily accessible while offering realistic earning prospects for everyone with a mobile phone.  

Presently, Diagon Studios is rebranding its model with the deployment of some additional features to bring users a complete blockchain experience. Having launched the first version of the product which scaled up to 3,000 active users, the product is looking to serve as a mainstream collection of casual games, creating a platform where gamers can play casual games in all their glory. One of the key offerings at Diagon Studios will be the instant reward system through the Diagon Tokens (DGN), redeemable at every milestone completed and made accessible to all users, including novice gamers and experts.

Additional features to be deployed within the Diagon ecosystem will include Diagon Shop-and-Refill, a crypto-powered platform that will support the trade of gift cards, purchase of data subscriptions, and gaming assets. Crypto payments for online courses, E-books, gadgets, etc, will also be supported. The rebranding process will also feature the deployment of Diagon Ads Vista, a platform where users will be able to subscribe to ads of their choosing. As the model scales, an NFT Marketplace where everyone can own a piece of the metaverse as both creators and collectors of digital collectibles will also be created. 

Why Diagon Studios? 

The GameFi industry is one of the fastest growing sectors in blockchain and Web3 that is garnering a lot of competition and pushing the crypto market volume. However, globally-popular P2E games are becoming quite expensive and complex to play for mid-level gamers and newbies. By introducing a variety of casual games with an easy-to-use interface, Diagon Studios critically lowers the entry barrier into Web3 for everyone across the globe. 

In contrast to the traditional video game market with dwindling revenue, predicted to plunge further in the following years, blockchain P2E games have made giant leaps in the last few years, recording significant growth of over 2000% in 2021. The revolutionary development of cryptocurrency enabled a unique P2E in-game economy where players can extract value from their whole gaming experience, and convert it into a significant source of income. With this trajectory, the blockchain gaming market is projected to rise from an estimated $1.5 billion in 2021 to a staggering $50 billion by 2025, boosting worldwide gaming revenue and creating new financial opportunities for more people to access the Web3 economy.

Shogo Ishida, co-CEO at EMURGO Africa, said, “Focused on hyper-casual gaming that takes out complexity from the gameplay, Diagon Studios is one of the game publishers that stands on the cusp of opening the African space to the realities of play-to-earn and we are glad to be offering the startup a launchpad and the opportunity to build on Cardano”.

Jeremiah Onojah (Founder and CEO)

Commenting on the partnership with Adaverse, Diagon Studios Founder and CEO, Jeremiah Onojah stated that “The Cardano blockchain will offer a better approach to securing transactions for the Diagon project with its eco-friendly platform and large global community. Diagon intends to issue tokens on the Cardano blockchain in the future development stage. With the support of EMURGO Africa and Adaverse, we will be able to do more with the Cardano blockchain. The Diagon studios team will work intensely with Adaverse to be in the best possible shape, hitting the perfect market fit and scaling her products”.

Beyond play-to-earn (P2E) games, the Diagon platform will connect a virtual community of global casual gamers to develop their skills, network, and access more opportunities in Web3 through partnership programs, especially for DGN token holders who will also have staking and governance rights in the platform.

“This startup is all about demystifying the Web3 gaming system in Africa by reaching the grassroots level and providing affordable options targeting low-income earners, to ensure more people find something that interests and pays them while building on a reliable infrastructure. Diagon will be one of the pillars of Africa’s digital future and Adaverse is glad to support this project”, said Vincent Li, founding partner at Adaverse.

About Adaverse

Adaverse is a catalyst for the Cardano ecosystem in Africa, dedicated to investing, mentoring, and providing standardised tech support for organically grown startups building the next wave of Web3 decentralized applications, including NFTs, DeFi, and others on Cardano’s third-generation blockchain.

Since its launch in 2021, through a joint venture partnership between EMURGO Africa and Everest Ventures, Adaverse has concluded strategic investments in over fifteen (15) crypto-native startups and aims to support more promising game-changing solutions in the African ecosystem. Through periodic physical meetups and the 3-months intensive accelerator program for startup founders, Adaverse aims to be a launchpad for the Cardano-focused projects springing up across Africa, and the Middle East to usher in the rapidly emerging digitally reliant global economy.

Adaverse is open to applications from founders all year round. Apply for funding here. 

To start earning from easy-to-play games, visit the Diagon Studios website.   

Web3 venture Krew Studios has announced the follow-up to its Masks NFT collection. While that particular release was the work of Spanish actor turned artist Jordi Mollà, the latest drop – dubbed Pastel World – is a collaborative effort between recording artist JVCKJ and animator Uriah Barrett-Thomas.

“Pastel World is a hugely exciting collection, one that leverages the considerable creative talents of two supremely gifted artists,” says Krew’s co-founder Rambino, who revealed that the project was six months in the making. “What JVCKJ and Uriah have produced builds on the success of Masks while offering something completely different to what is currently out there in the NFT space.”

Presenting Pastel PFPs

Pastel World features 8,888 generative PFPs known as Pastel Prophets, and a detailed backstory has been written to offer NFT collectors an insight into where the anime-like characters hail from.

In a nutshell, these colorful prophet avatars have been forced to abandon their native planet in the faraway Pastel Galaxy after it becomes uninhabitable. All Prophets are equipped with magical backpacks that represent enchanted life forms that must be nurtured to ensure the avatars’ survival.

“Pastel World is unique because in order to survive and thrive, Pastel holders must be in a constant state of ongoing growth and self-discovery,” explains Los Angeles based musician JVCKJ. “We start life at birth, and throughout each of our vibrant lives, colored by our experiences, our colors become deeper and more diversified. Our life journey is progressive – we grow more vibrant in a Pastel World.”

While the date for the collection’s launch has not yet been confirmed, holders of three or more Mask NFTs will get a berth on the whitelist for Pastel World, with the full collection set to be made available on the pastelworld.io website. NFT collectors who obtain prophet avatars will also gain membership access to all Pastel World brands and metaverse community ownership.

Based in Los Angeles, the fast-growing creative studios and consultancy agency is composed of Web3 and NFT enthusiasts, as well as marketing strategists and creative directors. Krew’s maiden drop, which comprised thousands of unique digital masks based on hand-painted physical counterparts designed by Jordi Mollà, led to the creation of an immersive Mask World metaverse that forms one pillar of the so-called Krew Universe.

The creative minds at Krew intend to populate Mask World with a spate of arcade and PvP style games. Mask NFTs, meanwhile, function as tickets to the party. Mask owners can enter the fairground-like environment, participate in games, collect items and win rewards. It is not yet known how Pastel World fits into the Mask World concept – though it’s possible NFTs may be offered as rewards.

The popularisation of the metaverse concept has caused a virtual property boom in a sector dominated by platforms such as Sandbox and Decentraland. Last year sales of digital land reached $500 million, and coveted real estate continues to fetch eye-watering prices as investors bank on the assets appreciating. Metaverse enthusiasts will be curious to get a glimpse of Mask World and to leverage the gaming and earning opportunities therein.

The Krew Studios brain trust, meanwhile, expects big things from Pastel World. Avatar-based NFT projects have been one of crypto’s hottest talking points, buoyed by the success of CryptoPunks and Bored Ape Yacht Club. Providing projects can create compelling artwork and a sense of investor FOMO, transaction volumes can quickly soar.

“Krew Studios has always been about harnessing as much creative energy as we can, and in doing so, bringing value to our growing community,” says the company’s co-founder Emily Rose Fiander. “This new collection very much reflects our storytelling vision, and it’s all down to JVCKJ and Uriah.”

3rd of March, 2022 Polygon (previously MATIC), one of the top blockchain ecosystems, and Polygon Studios, their NFT and blockchain gaming arm, have just announced a strategic relationship with Poriverse, the first NFT game that allows players to lend and trade NFT in order to earn more. This collaboration is likely to usher in a new era for the NFT gaming sector.

About Poriverse Background

Poriverse is the first blockchain game platform that actually allows anyone to make money. Not only for experienced crypto gamers and NFTs holders looking to diversify their portfolio but also for newbies to P2E, the cost of admission has been reduced by renting NFTs technology.

The market is now open to both users and investors. Poriverse began with a unique NFTs system known as Porian pieces and classes, allowing players to not only buy but also strategically create their own Porian NFTs.

Winning opportunities are designed to be fair to all players, with random rentals of unique Porians for breeding higher-value Porians. Poriverse also has a game metaverse where gamers, world producers, and game investors can create, construct, own, and exchange different worlds in order to make more money. The team has more than 15 years of expertise designing games, ecosystems, and brand platforms, as well as 8 years of experience with blockchain.

Polygon Studios has today Established a Significant Alliance with Poriverse, an NFT game

In 2021, the NFT Game’s play-to-earn (P2E) concept surged, resulting in an increase in the number of crypto gamers all over the world. However, this “gold rush” has presented new obstacles for NFT Game players, as the initial investment has become increasingly pricey, making it difficult for rookie gamers with limited funds to get started. Poriverse uses NFT and blockchain technology to deliver a unique solution that effectively solves that problem and adds value to communities.

NFT for the first time To gain additional money, game players can rent out their NFTs and lend them to other players. Not only would the cost of admission be reduced for experienced crypto gamers and NFT holders looking to diversify their portfolio, but also for newbies to the P2E industry.

PORI supports NFT renting technology, which assures that NFT rentals are fair and secure, reducing the chance of for-rent NFTs being lost. Users must pay a rental charge at the marketplace’s agreed-upon cost, but they will receive 100% of the revenue earned by the renting NFT.

POLYGON STUDIOS X PORIVERSE STRATEGIC PARTNERSHIP ANNOUNCEMENT

We will truly promote the Rental NFT and push the P2E game industry to the next level.

We will bring many exciting events with special rewards for you!

Follow us to not miss your chance pic.twitter.com/fjMaJb60qZ

— Poriverse (@poriverse) March 3, 2022

Poriverse’s NFTs system began as Porian pieces and classes, allowing gamers to not only buy but also strategically create their own Porian NFTs. Winning opportunities are designed with fairness among players by random renting of unique Porians for better value Porians mating with a DAO-oriented lending protocol technology.

Poriverse has partnered with Polygon Studios, Polygon’s NFT, metaverse, and gaming arm, to help promote its rental marketplace for NFT game assets. Polygon Studios will contribute to the promotion of Poriverse’s benefits to crypto players through this initiative.

Also Read: Chainalysis Partners With Bank Of New York Mellon On Blockchain for Tracking the Transactions of Users

This loan method provides NFT Game players with an equal opportunity to begin earning in this business for as little as $360. Furthermore, Poriverse would offer a game metaverse, in which distinct worlds may be built, constructed, owned, and shared among players, world makers, game investors to enable greater income prospects.

 According to Poriverse’s CEO :

“We want to make a game that provides long-term financial and enjoyment rewards.” Players will enter Poriverse to find a 3D high-interactive environment with basic but enjoyable gameplay. PORI was founded on a simple principle: the community comes out on top. Every designed mechanic in our game is for every user to earn and win more while maintaining a high level of fairness. There are additional innovative gaming mechanisms and designs that attempt to enable gamers to earn as much money as possible. Keep an eye on us to see if you’ve won.” Do Hoang Minh Quan, according to Poriverse’s CEO.

“We applaud Poriverse’s efforts to increase the number of new players who may join NFT games and earn, as well as their efforts to design a game that is not only profitable but also pleasant. We plan to move NFT Game further with Poriverse’s innovative and dedicated blockchain and game team.” Sure Polygon Studios’ Partner Success Lead, Shivangi Pandey, stated.

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