IoTeX Invests in PlaceWar to Power Web3 Gaming Prospects

In an interesting development, IoTex Foundation extended both financial and strategic support to PlaceWar. Making an announcement in this regard, PlaceWar said that it had received investment and strategic partnerships support from the IoTex. This means IoTex will not only invest money in the future product development of PlaceWar but also extend its support for the user acquisition and community development efforts of PlaceWar. 

PlaceWar is a well-known name in the gaming industry, and its forward-thinking approach to the development of Web3 philosophy makes it unique among its contemporaries. All these competencies have impressed the top management of IoTex, and as a result, the organization has decided to have PlaceWar of its platform. 

The segment of play-to-earn (P2E) is increasingly becoming more popular among the target gamers, and this opportunity provides a wonderful platform for both companies to come together and do something big in this fledgling industry. The multichannel philosophy adopted by PlaceWar is also one of its distinctive competencies and coupled with the sound settings, and engaging gameplay, the entire gaining experience offered by the PlaceWar is truly satisfying. 

According to the estimate, the segment of P2E in the Web3 domain is going to have a share of 10 million users in the upcoming times. The Web3 gaming industry is getting extensive support from the segments of virtual worlds though game designers and studios from the traditional markets also have an opportunity to come forward and achieve enviable growth in this highly lucrative and attractive segment. 

Pixel system of the PlaceWar is one of its most anticipated features, and by adding the component of Creator economy, this partnership can open new avenues of growth for both organizations. IoTex is really upbeat about the prospects of Web3 gaming, and it expects PlaceWar to do wonders on its platform in the near future.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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