OKX Blockdream Ventures Report—April 2022 (Part 1)

OKX Blockdream Ventures Report—April 2022 (Part 1)
Press Release

Published on May 19, 2022 11:26 By Press Release

Disclaimer: NOT FINANCIAL ADVICE

Contents

Blockchain Funding Overview
OKX Blockdream Ventures April Investments
Joyride
Ember Sword
Klaydice
ArthSwap
Market & Investment Insights
Continued active investment amid crypto market lull
NFT market briefly resurgent as we proceed with long-term strategy
Taking a hard look at “X to Earn”
About OKX Blockdream Ventures
Media Contacts

Blockchain Funding Q1 Overview

  • This has been a record quarter for global blockchain funding with volumes rising to USD 9.2B.
  • While most other sectors saw Q1 ’22 declines, venture funding to blockchain startups grew for the seventh straight quarter as VCs doubled down on blockchain and crypto.
  • Web3, which includes NFTs and DeFi, was the biggest driver of growth.
  • OKX Blockdream Ventures ranked third in Top CVCs in Q1 ’22, according to the “2022 Q1 Blockchain Report” released by CB Insights.

[Source: “2022 Q1 Blockchain Report” from CB Insights]

Blockdream Ventures’ April Investments

Joyride

Project Overview

  • Joyride, a Web3 game development platform, is mainly for building and operating blockchain-powered mobile games.

Project Highlights

  • Joyride is optimized for the Unity ecosystem and allows developers to build and launch blockchain-powered esports and casual and social games on mobile devices.
  • The blockchain features offered by Joyride include a token wallet for players supporting multiple chains, the minting and management of non-fungible token (NFT) game assets and fungible token economy support.
  • Joyride provides game developers with an end-to-end publishing platform for everything they need to build, launch and operate a high-quality Web3 game. They provide tools and capabilities that address not just blockchain features but also publishing support, which includes analytics, A/B testing and live operations.

Investment Logic

  • We are excited to work with Joyride to build a platform that enables game creators to build Web3 games for those developers who aren’t familiar with crypto technologies. Such innovations will allow a better quality of games to be integrated into the Web3 world. We therefore believe Joyride has great potential in the future market.

Ember Sword

Project Overview

  • Ember Sword is a free-to-play Massively Multiplayer Online Roleplaying Game (MMORPG) for browser and PC gaming with a vast fantasy universe owned and developed by its players.
  • Ember Sword provides a player-driven economy, a classless combat system, and scarce, tradable cosmetic collectibles.
  • Ember Sword wants to open up the economy by bringing premium currencies and collectibles onto the blockchain. This will allow players to buy and sell rare collectibles, in and outside the game, to earn tokens.
  • Ember Sword is currently in pre-alpha. The team are testing the capabilities of the proprietary game engine, as well as various networking features. They are planning on opening up pre-alpha testing to the community in 2022, with more gameplay focused testing coming throughout the year. Later in 2022 they will open up the capital of Solarwood, the first nation they are planning on releasing, for pre-alpha testing. Other nations will follow the same process, with their releases currently planned for 2023 and beyond.

Project Highlights

  • Players of Ember Sword have the freedom to choose. After creating your character and picking a home region, you can venture out into the world to prove your worth by defeating monsters, bosses, and other players. Or you can explore the world as a peaceful forager and make a name for yourself as a talented craftsman.
  • The Embersword team are swiftly developing a number of nations for players to explore, develop and enjoy.

Investment Logic

  • Ember Sword stands for the next-generation of Free to Play MMORPG experiences.
  • Ember Sword believes in empowering players by sharing the revenue generated with their community through true ownership of digital assets. Their message is: Video Games Are Transcending, The Future Is Now.

 

Disclaimer: NOT FINANCIAL ADVICE