Spielworks, a leading blockchain startup specializing in gaming and decentralized finance (DeFi) solutions, launches its Web3 gaming accelerator, Wombat X to empower Web3 gaming projects to enhance their gaming experience and grow their audiences with the Wombat ecosystem. Highlighting the list of partners in the accelerator are Cronos, the first EVM-compatible Layer-1 network built on Cosmos SDK supported by Crypto.com and more than 400 developers and partners, and Newcoin, a Web3 infrastructure integrating economic, social, and cultural exchanges into an intuitive flow, solving network fragmentation problems. Web3 games enrolled in Wombat X gain access to grants, education, and the Wombat community of gamers, the biggest Web3 gaming community.

Web3 gaming was still able to raise $4.5 billion in venture capital last year despite harsh market conditions. Still, an overall developer shortage and a flawed UX plague the industry, effectively holding the industry back in its efforts to poach traditional gamers. Furthermore, many critics also point the finger at the lack of sustainable models and solid content-creator strategies as reasons for Web3 not being able to be a reliable gaming ecosystem.

The Wombat X accelerator enables innovative Web3 games to register and to bootstrap Wombat’s audience. With Wombat’s massive audience and Cronos’s established Web3 ecosystem, each game will receive invaluable exposure to its gaming audience for free, coaching and fast-tracking in Cronos’s own grant program. For Newcoin, its Web3 graph infrastructure emphasizing high-end fashion and creators makes it a natural fit for Wombat X’s focus on gaming to enhance the user experience.

The program includes three yearly classes covering the industry’s best practices, with at least five games being accepted per class. Ultimately, Wombat X revolves around providing members with the tools to build a strong foundation, with a focus on furthering growth opportunities through user acquisition and developing superior infrastructures.

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Other participants in the Wombat X accelerator include:

• Avicenne: a Web3 development studio creating digital products in a decentralized space, helping startups build and ship impactful MVPs.
• EOS Network Foundation: a nonprofit supporting the EOS Network, which powers the Web3 economy by providing a robust smart contract functionality that enables developers to build quality dApps.
• Lifty: a Web3 gaming platform providing analytics for numerous blockchain games, empowering users to assess projects before joining.
• Beamable: a Web3 gaming infrastructure platform allowing users to rapidly add social, commerce, content, and LiveOps features through an in-game marketplace.

To apply for Wombat X, applicants must meet these requirements:

• A playable demo release
• Integration with Wombat as preferred login option
• Integration with Cronos or one of Wombat’s supported blockchains (Wax, Polygon, BNB Chain, Ethereum, EOS, and more)
• A share of 0.3 percent of your token supply for Wombat’s audience
• Integration with Wombat’s Tracking software development kit (SDK)

Spielworks has built one of the fastest-growing blockchain gaming ecosystems in the market, featuring over of 3 million signups and 65,000 daily users. The ecosystem incorporates its multi-chain non-custodial Wombat Wallet, crypto rewards platform Womplay featuring 40 AA and AAA supported titles, and Top 20 NFT staking game Wombat Dungeon Master counting 1.5 million staked NFTs.

“Web3 gaming is in a beta stage currently and there is a pressing need to establish best practices around game development to ensure the industry’s long-term sustainability,” says Adrian Krion, Spielworks’ CEO and Co-Foudner. “By working with a wide range of promising Web3 gaming projects and startups, Wombat X aims to facilitate a more mature ecosystem. Our unique program provides a diverse educational curriculum while exposing our participants to Spielworks’ Wombat platform, the biggest Web3 gaming platform. Needless to say, we and all our partners can’t wait to launch.”

Award-winning Taiwanese blockchain solutions provider International Trust Machines Corporation (ITM) showcased its dNFT (dynamic non-fungible token) technology which ensures data integrity of electric vehicles at the 2022 MIH (Mobility In Harmony Open EV Platform initiated by Foxconn) Demo Day, the annual technical advancements event that aims to drive the future of the EV industry.

ITM’s breakthrough would allow users to tie large amounts of dynamic data generated by an electric vehicle to a dNFT, which has the ability to adapt in real time in response to external data. It would make data such as the vehicle’s maintenance and trade history tamper-proof, and ensure that the vehicle owner controls and owns trustworthy and legitimate information.

“Currently, car manufacturers use traditional static NFT technology which binds data to a central database outside the blockchain. It is difficult to confirm the integrity of the data, or they need to rely on a trusted third party to do so,” said Julian Chen, CEO and co-founder of ITM.

ITM’s technology could upload a large amount of data onto the blockchain at a low cost, making data secure on the Web3 architecture. “Electric vehicles generate a large amount of digital data, and the data is exactly what makes EVs valuable,” Chen explained.

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Data as an asset

With an ongoing commitment to transform the transportation industry, ITM joined the MIH Consortium as a Contributor Member in 2022, and actively participated in its Security & OTA working group as well as the Web3 vehicle development  interest group to develop security frameworks for the EV industry.

The Foxconn-initiated MIH Consortium aims to create an open EV ecosystem that develops key technologies and design standards of electric vehicles, which will lower the barrier for parties to enter the industry.

MIH currently has more than  2,500 members from 65 countries and regions, and holds an annual technical exhibition MIH Demo Day that invites EV start-ups from around the world to explore new business opportunities. The 2022 MIH Demo Day was held on November 8 in Taipei in 2022; and MIH will showcase their solutions at CES 2023.

Jack Cheng, CEO of MIH Consortium, said that in order to ensure electric vehicles operate normally in a digitalized environment, information security is the key. “MIH will create a brand new environment for the automobile industry. In terms of vehicle data and traceable vehicle history, we will focus on three main areas: supply chain cybersecurity management, the cybersecurity solutions of vehicles, and the protection of user data to return the data ownership to its owners. And the decentralized blockchain technology will play an indispensable role in the process.” The goal of MIH is to combine emerging technologies such as decentralization identifier (DID), Web3 and NFT, so that the control of the data can be returned to car owners.

With technology designed by companies such as ITM, in the future, after an electric vehicle leaves the factory, its driving behavior, maintenance and transaction history, as well as other data generated by the vehicle will be recorded on the blockchain with the consent of the owner.

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The data could be downloaded and verified through the dNFT bound to the EV. With this credible information at hand, dNFT holders can then approach insurance, finance, energy, and ESG providers with credible information, which will maximize the asset value of EVs.

Oasys, a gaming-optimized blockchain built by gamers for gamers close a successful strategic funding round led by Galaxy Interactive and South Korean gaming giant Nexon, the company behind the hit gaming franchises MapleStory and Dungeon Fighter Online. Rounding out the funding was a contribution from Jsquare, a Web3 development VC fund with over $150 million AUM, co-founded by James Wo of Digital Finance Group. Additional contributors include Presto Labs, MZ Web3 Fund, Hyperithm, Jets Capital, AAG, YJM Games, and ChainGuardians.

The strategic funding round enables Oasys to enhance its ecosystem by strengthening its validator network and expanding its pool of gaming partners. The partnerships forged with the investors in the strategic round will also continue to create additional opportunities for the growth of Oasys, along with its different stakeholders.

Following the strategic funding round, Oasys also concluded its public token sale held from 30 November 2022 to 4 December 2022, reaching its funding goal within 12 hours, with commitment from 60 countries. Oasys’ public token sale allows the general public (excluding US-based investors) to invest in Oasys for the first time. The funding round follows Oasys completing a $20 million private token sales round led by Republic Crypto earlier this year and its Mainnet launch in October 2022.

As a contributor to Oasys’ blockchain initiative, Jsquare solidifies its support for impactful GameFi and Web3 projects. Jsquare affirms its mission to help create the next generation of interaction through an advisory board and a dedicated $30 million investment fund for NFT, Web3, and Metaverse companies. Co-founded by James Wo of DFG, a leading Web3 investment firm with over $1 billion under management, Jsquare leverages research, experience, and technological advancement to support meaningful blockchain development.

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With strong support from its institutional backers, Oasys is fully focused on growing its ecosystem and enhancing user experiences. Oasys is committed to its mission of leading the global expansion of blockchain games and bringing new gaming experiences to players and developers alike.

“The aftermath of the recent occurrences in the Web3 sector have highlighted the need of constructing a decentralized and resilient company, one founded on producing top-notch games and gaming content,” says Daiki Moriyama, Director of Oasys. “We will provide a new generation of blockchain games with the gameplay and unmatched experience the community desires due to the backing. And, invaluable knowledge of top game creators, the largest institutional supporters in Web 3, and individual investors from all over the globe.”

“We are proud to be a part of this funding round for Oasys and to see a worthwhile GameFi project reach a wider audience to build its community,” says Joanna Liang, Co-Founder of Jsquare. “We believe that GameFi has an undeniable impact on widening crypto adoption and development, so it’s vital to support projects that put users at the heart of its operation to make a product of true quality.”