Overwolf Invests in SYN CITY Mafia Metaverse to Pioneer User Generated Content in P2E Games
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Singapore, Singapore, 7th January, 2022,
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 USD 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
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