• IoTeX Invests in PlaceWar to Strengthen Web3 Gaming Prospects

  • In an intriguing development, the IoTex Foundation provided PlaceWar with both financial and strategic support. PlaceWar announced in this regard that it had received investment and strategic partnership support from the IoTex. This means that IoTex will not only invest money in PlaceWar’s future product development, but will also provide support for PlaceWar’s user acquisition and community development efforts.

    PlaceWar is a well-known name in the gaming industry, and its innovative approach to the development of Web3 philosophy distinguishes it from its competitors. All of these skills have impressed IoTex’s top management, and as a result, the company has decided to make PlaceWar a part of its platform.

    The play-to-earn (P2E) segment is becoming increasingly popular among target gamers, and this opportunity provides a fantastic platform for both companies to collaborate and do something big in this fledgling industry. PlaceWar’s multichannel philosophy is also one of its distinguishing characteristics, and when combined with the sound settings and engaging gameplay, the overall gaining experience provided by PlaceWar is truly satisfying.

    According to estimates, the P2E segment in the Web3 domain will have a share of 10 million users in the near future. The Web3 gaming industry is receiving a lot of support from virtual worlds, but game designers and studios from traditional markets can also come forward and achieve enviable growth in this highly lucrative and appealing segment.

    The PlaceWar’s pixel system is one of its most anticipated features, and by including the Creator economy component, this partnership has the potential to open up new avenues of growth for both organizations. IoTex is very optimistic about the future of Web3 gaming, and it expects PlaceWar to do great things on its platform in the near future.

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