A leader in the gaming studio industry, Vavel Games brings the next-gen MMO gaming titles to life, has recently joined the long list of grantees of the HBAR Foundation, and has become the first company in the gaming industry to obtain an HBAR Foundation grant. With the assistance of the HBAR Foundation, Vavelverse is to be launched by Vavel Games, a wide variety of interoperable gaming titles that operate on the same decentralized Hedera Network. Vavel Games is a successful games studio established in 2014 that has recently entered the Web 3.0 space.
The firm has issued a proprietary technological stack to launch a metaverse for gaming, Vavelverse. Vavelverse is a network of interchangeable, compatible games that gamers can play using the same accounts without losing any in-game assets.
The company will soon leverage the network on Hedera and the technology used by Venly to grow its presence, especially in the Web 3.0 space. The Vavelverse launch on the Hedera Network will attract more users to this ecosystem, opening the network to a broader community of gamers through Venly. A popular blockchain tech provider, Venly has more than 2.5 million end-users, and it offers ready-to-use infrastructure solutions, products, and accelerator services for multiple blockchain projects.
The key developer tools are the Venly Market, Vently Wallet, NFT APIs, and Shopify app. With Venly, Web 2.0 businesses can enjoy a completely new revenue stream, especially for those without any experience in the complex regulatory structure or blockchain engineering.
Venly has made a strategic alliance with the gaming company and has invested in Vavelverse, making it one of the greatest use cases for the entire Venly infrastructure on the Hedera ecosystem. Vavelverse will soon launch in June second week, along with an NFT (non-fungible token) sale on Venly. The first round of NFTs will be included in the land sale where Vavel Games will be distributing transgates.
According to the CMO of Venly, Yan Ketelers, the developers’ team proudly announced its selection of Vavelverse as their flagship decentralized blockchain gaming project on Hedera. The team is confident in bringing thousands of new users to the Hedera ecosystem.
The HBAR Foundation was established in 2021, and it boosts the development and growth of the Hedera network by offering perks like grants and several other resources to startups, developers, and hundreds of organizations that are looking to launch their decentralized apps in the NFTs, DeFi, CBDCs, gaming, sustainability, and various other sectors. Other than offering funding via streamlined grant processes, the Foundation also acts as the integrated force multiplier via expert support on business development, technical, marketing, and other operations needed to scale.