Overwolf invested in SYN CITY, a first-of-its-kind mafia metaverse game built for blockchain. SYN CITY’s Mafia Metaverse bags over $8 …Read More…
SYN CITY’s Mafia Metaverse bags over $8 million of investment from Twitch, Animoca Brands, and more.
The metaverse and NFT continues to blow the crypto space with its never-ending innovation. Recently, Overwolf, the all-in-one platform that enables creators to build, distribute, and monetize in-game apps and mods invest in SYN CITY, a first-of-its-kind “mafia metaverse” blockchain game.
The partnership will enable both Overwolf and SYN CITY to explore new user-generated content (UGC) opportunities in the metaverse including creation, sharing, and monetization of in-game items.
Roy Liu, Co-founder of Syn City said,
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.
When it comes to popularity, SYN CITY’s Mafia Metaverse has already established its reputation in the space. Hence, it has received a huge amount of investment amounting to over $8 million from prominent investors and networks in the space such as Twitch, Project Galaxy, Animoca Brands, Huobi Ventures, and many more.
Shahar Sorek, Overwolf CMO explained,
Overwolf believes the future of games is in user-generated content (UGC) and part of that future lies with enabling creators to build services with and around NFTs. We are excited to invest in such an experienced team of game developers. SYN CITY’s commitment to UGC both in-game and on-chain by introducing a unique in-game governance feature called Mafia-as-a-DAO (MaaD) is a very exciting development in the P2E space.
On the other hand, 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. SYN CITY believes this will be more important than ever in the P2E ecosystem, where gamers already have an ownership stake in the game.