Metatheory Raised $24 Million to Create High-Quality NFT Games
Colin Smith — May 17, 2022 — Tech
References: vinlin.medium & venturebeat
'Metatheory' is a blockchain-focused game development studio founded by Kevin Lin, a co-founder of the popular 'Twitch' streaming platform. Kevin Lin believes that exclusive ownership in the digital economy is a concept with a large amount of potential for video games. This is to say that, the blockchain and NFTs that validate digital collectibles and intellectual properties, are both important and integral to Metatheory's company model.
Kevin Lin has a breadth of experience with web3 gaming on popular titles such as 'Axie Infinity.' This experience allowed Lin to gain valuable data on what is appealing about web3 gaming, as well as what the major hurdles are that developers must overcome. One aspect that Metatheory wants to focus on with its games is accessibility. Lin believes that many games that integrate NFTs are difficult to get into with confusing interfaces and complicated systems. As such, Metatheory will make its games more approachable.
Image Credit: Metatheory
Kevin Lin has a breadth of experience with web3 gaming on popular titles such as 'Axie Infinity.' This experience allowed Lin to gain valuable data on what is appealing about web3 gaming, as well as what the major hurdles are that developers must overcome. One aspect that Metatheory wants to focus on with its games is accessibility. Lin believes that many games that integrate NFTs are difficult to get into with confusing interfaces and complicated systems. As such, Metatheory will make its games more approachable.
Image Credit: Metatheory
Trend Themes
1. Blockchain Gaming - Blockchain integration in video games is a growing trend, creating opportunities for high-quality NFT games like Metatheory.
2. NFT Gaming - The use of NFTs in gaming is a disruptive trend that Metatheory is leveraging to promote exclusive ownership of digital collectibles and intellectual properties.
3. Accessible Gaming - Metatheory is prioritizing accessibility in their games to overcome the major hurdle of confusing interfaces and complicated systems for NFT-integrated games.
Industry Implications
1. Video Game Development - The integration of blockchain and NFTs in video games presents disruptive innovation opportunities for game developers like Metatheory.
2. Blockchain Technology - The use of blockchain technology in gaming is creating new opportunities for disruptive innovation.
3. Digital Collectibles - The trend of NFT-focused gaming is opening up opportunities for disruptive innovation in the digital collectibles industry.
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