Overwolf Invests in SYN CITY Mafia Metaverse to Pioneer User Generated Content in P2E Games By DailyCoin



Overwolf Invests in SYN CITY Mafia Metaverse to Pioneer User Generated Content in P2E Games

Overwolf, the all-in-one platform that enables creators to build, distribute, and monetize in-game apps and mods, today announced an investment in SYN CITY, the first-of-its-kind “mafia metaverse” game built for the blockchain. As part of the deal, Overwolf and SYN CITY will explore new user-generated content (UGC) opportunities in the metaverse including creation, sharing, and monetization of in-game items.

Overwolf joins a growing list of investors who see merit in SYN CITY’s Mafia Metaverse. The project raised over $8 million in investments from Twitch, Project Galaxy, Animoca Brands, Huobi Ventures, and many prominent investors and VC firms.

In addition to the investment, SYN CITY is exploring integration with the Overwolf platform in order to enable in-game creators to monetize their creations in the future. Community-created experiences are becoming a critical part of gaming, and SYN CITY believes that this will be more important than ever in the P2E ecosystem where gamers already have an ownership stake in the game.

“Successful social platforms and metaverse projects must let creators generate content for friends, clients, and other ecosystem participants. As a result, metaverse gaming continues to gain momentum and evolve, with a strong focus on social networking. As a result, producers and creators of user-generated NFTs and content can forge their own experiences for the entire community to benefit from. We are thrilled to explore what UGC could look like in-game with Overwolf, the creators of the leading UGC as a service platform,” commented Roy Liu, Co-founder of Syn City.

“Overwolf believes the future of games is in user-generated content (UGC) and part of that future lies with enabling creators to build services with and around NFTs. We are excited to invest in such an experienced team of game developers. SYN CITY’s commitment to UGC both in-game and on-chain by introducing a unique in-game governance feature called Mafia-as-a-DAO (MaaD) is a very exciting development in the P2E space,” commented Shahar Sorek, Overwolf CMO.

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Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



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Overwolf Invests in SYN CITY Mafia Metaverse to Pioneer User Generated Content in P2E Games

Overwolf, the all-in-one platform that enables creators to build, distribute, and monetize in-game apps and mods, today announced an investment in SYN CITY, the first-of-its-kind “mafia metaverse” game built for the blockchain. As part of the deal, Overwolf and SYN CITY will explore new user-generated content (UGC) opportunities in the metaverse including creation, sharing, and monetization of in-game items.

Overwolf joins a growing list of investors who see merit in SYN CITY’s Mafia Metaverse. The project raised over $8 million in investments from Twitch, Project Galaxy, Animoca Brands, Huobi Ventures, and many prominent investors and VC firms.

In addition to the investment, SYN CITY is exploring integration with the Overwolf platform in order to enable in-game creators to monetize their creations in the future. Community-created experiences are becoming a critical part of gaming, and SYN CITY believes that this will be more important than ever in the P2E ecosystem where gamers already have an ownership stake in the game.

“Successful social platforms and metaverse projects must let creators generate content for friends, clients, and other ecosystem participants. As a result, metaverse gaming continues to gain momentum and evolve, with a strong focus on social networking. As a result, producers and creators of user-generated NFTs and content can forge their own experiences for the entire community to benefit from. We are thrilled to explore what UGC could look like in-game with Overwolf, the creators of the leading UGC as a service platform,” commented Roy Liu, Co-founder of Syn City.

“Overwolf believes the future of games is in user-generated content (UGC) and part of that future lies with enabling creators to build services with and around NFTs. We are excited to invest in such an experienced team of game developers. SYN CITY’s commitment to UGC both in-game and on-chain by introducing a unique in-game governance feature called Mafia-as-a-DAO (MaaD) is a very exciting development in the P2E space,” commented Shahar Sorek, Overwolf CMO.

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Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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