ArcadeNetwork
The world’s first decentralised platform providing cross metaverse asset interoperability and true ownership to the Gamers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
$75.0k | Seed | ||
| Total Funding | 000k | ||
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ArcadeNetwork, established in 2021 by founder and CEO Chinka Gupta, operates as a decentralized platform focused on cross-metaverse asset interoperability. Gupta's professional background includes experience at KPMG, PwC, and Accenture. The company has secured funding from various institutional investors, including BBS Finance, RR2 Capital, and BCA Investments. In December 2021, the company raised $2.77 million through an Initial Coin Offering (ICO) and an additional $750,000 in an early-stage VC round.
The core of ArcadeNetwork's business is to address the lack of interoperability and true ownership of in-game assets within the gaming ecosystem. The platform is built on the Polygon network and utilizes blockchain technology and Non-Fungible Tokens (NFTs) to facilitate the seamless movement of digital assets across different games and metaverses. This model targets both game developers and gamers. For developers, it offers a way to monetize games and attract a wider audience. For gamers, it provides genuine ownership of their purchased assets, which retain their value even if a game is discontinued. The company's revenue model includes subscription fees, asset liquidity fees, and inter-metaverse transfer fees.
ArcadeNetwork's ecosystem is composed of several key modules. The ARC Relayer Bridge enables the transfer of in-game assets across different gaming environments. The ARC Marketplace functions as a venue for buying and selling gaming assets. For game developers, particularly those with limited resources, the ARCVerse module allows for the quick launch of metaverses without the need to create proprietary assets and graphics. Additionally, the ARC Notecase is a multi-currency crypto wallet for managing $ARC tokens, NFTs, and other partner currencies. The platform also provides pluggable Software Development Kits (SDKs) to help creators integrate their games.
Keywords: cross-metaverse, asset interoperability, blockchain gaming, NFT marketplace, GameFi, decentralized platform, in-game assets, metaverse bridge, ARC token, ARCVerse, digital asset ownership, play-to-earn, P2E, game developer tools, crypto wallet, gaming NFTs, Chinka Gupta, metaverse ecosystem, blockchain interoperability, web3 gaming