CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!
Oneness Secures Seed Funding To Tear Down the Boundary Between Web2 and Web3 Gaming
Table of Contents
Announcements

Oneness Secures Seed Funding To Tear Down the Boundary Between Web2 and Web3 Gaming

TheNewsCrypto
By TheNewsCrypto
Created 1 year ago, last updated 1 year ago
3 mins read
Oneness Secures Seed Funding To Tear Down the Boundary Between Web2 and Web3 Gaming

In a landmark move for the gaming industry, Oneness Labs has announced the closure of a US$4 million seed funding round, setting the stage for a transformative era in gaming that completely removes the boundaries between Web2 and Web3, which remains an unachieved aspiration in this field. This funding round saw significant contributions from the Dubai Ruling Family and Finewill, a joint venture of Wemade and Mirana Ventures, demonstrating strong confidence in Oneness Labs' vision and its pioneering Oneness Matrix, the Modular Gaming-Intent BTC Layer 2, to onboard billions of gamers and unlock trillions of transactions.

Oneness Labs is also the chosen publisher of the USD100 million Web3 gaming fund led by Wemade and Whampoa Digital.

The Oneness Matrix: A Revolutionary Gaming OS (NASDAQ for the game industry)

Oneness Labs is at the forefront of innovation with the development of the Oneness Matrix, the world's first Modular Gaming-Intent BTC Layer 2 designed for consumer-grade games. The Oneness Matrix aims to migrate the $200 billion traditional game industry to Web3 and unlock new massive consumption-and-transcation-driven gaming scenarios. It represents a groundbreaking approach to gaming, offering a seamless, user-friendly interface that promises to lure the 4 billion gamers into the vast possibilities of blockchain technology.

Slated for a beta release in Q2 2024, Oneness Matrix is keenly anticipated by the gaming community. The platform's inaugural game, launching at the end of 2024, aims to dissolve the barriers between Web2 and Web3 gaming, starting with a strategic penetration of the MENA market.

A Foundation of Excellence

The successful funding round is a testament to the exceptional team behind Oneness Labs. Led by Professor of the Practice Harald Quintus Bosz from MIT, the technical team comprises esteemed alumni from top universities, including MIT, Stanford, and Columbia University.

This team of scientists and technologists, in collaboration with the core and C-level teams from Funplus and Xterio, brings a wealth of experience from developing multi-billion dollar consumer-grade games.

Innovative Solutions for the Gaming Industry

Oneness Labs is redefining the gaming experience. By focusing on a 'non-crypto' user experience and supporting the extremely high-performance demand for consumer-grade games, the team aims to make blockchain-based games accessible and enjoyable for a wide audience. This includes developing proprietary technologies such as the zk-VRP (Zero-Knowledge Variable Randomness Protocol), which ensures fairness of the game assets and introduces new gameplay possibilities by securely generating and distributing random numbers within games.

Looking Ahead: A Bright Future for Web3 Gaming

The future looks promising for Oneness Labs, with several partnerships already secured with globally renowned Mega game IPs. The company has an extensive portfolio of games scheduled for publication, indicating a robust plan for leveraging its seed funding to revolutionize the gaming industry.

Oneness Labs' vision extends beyond the immediate future. By addressing the real pain points in games through innovative, fully-encapsulated packs of protocols and ensuring a seamless integration of consumer-grade games with blockchain technology, Oneness Labs is poised to lead a significant shift in how games are developed, published, and played.

About Oneness Labs

Oneness Labs is pioneering the integration of Web2 and Web3 gaming through its innovative Oneness Matrix, the Modular Gaming-Intent BTC Layer 2. Backed by a team of experts from the world's top universities and the gaming industry, Oneness Labs is dedicated to delivering a transformative gaming experience that combines the best of both worlds. With the support of prestigious investors and strategic partnerships, Oneness Labs is set to redefine the gaming ecosystem and bring blockchain-enabled gaming to a global audience.

For media inquiries, please contact:

  • Website
  • Twitter
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.
19 views
0 likes
|

Other articles published on Mar 12, 2024

Market Musing-g

Bonfida Coin: Bridging the Gap in Solana’s DeFi Ecosystem

In the rapidly expanding decentralized finance (DeFi) landscape, Bonfida stands out by streamlining the trading experience across the Serum, Solana, and Serum DEX platforms. Introducing the pioneer...
By BH NEWS
1 year ago
3 mins read
Market Musing-g

Bitcoin Needs a % Increase to Surpass Gold

By crossing the $71,000 threshold, Bitcoin now has a greater market value than all the silver ever mined. Bitcoin Puts Silver in Its Rearview Mirror After surpassing the value of the Swiss Franc la...
By Cointribune EN
1 year ago
3 mins read
Market Musing-g

Top Cryptos For The Start Of The Week

It’s another week where many cryptos will show their new potential in the crypto world. Over the last one and a half months, we have seen increased market activity and the bullish nature of various...
By Coingape News Media
1 year ago
3 mins read
Market Musing-g

3 Reasons Why Bitcoin (BTC) May Enter Stalemate Around Here

Bitcoin showing enormous strength on market, but temporary pause might come into effect quite soon
By U_Today
1 year ago
2 mins read
Market Musing-g

“Killer Whales" - The first Crypto Reality TV Show to hit mainstream streaming platforms. (12 Mar)

Los Angeles, United Kingdom, March 12th, 2024, Chainwire
By Chainwire
1 year ago
2 mins read
Market Musing-g

LSE Launches Bitcoin & Ethereum ETNs 2024

In a groundbreaking development for the financial world, the London Stock Exchange (LSE) has recently announced its decision to accept applications for the admission of Bitcoin and Ethereum Exchang...
By ItsBitcoinWorld
1 year ago
4 mins read

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!