Metaverse News

Voodoo Investing $200M To Create Blockchain Gaming Division

Voodoo recently announced it will be investing $200 million to launch a blockchain gaming division that will offer NFTs. This information was first reported by Bloomberg. The organization will create a rewards system that provides players with digital assets that can be improved within games.

“Blockchain will especially disrupt gaming, as players are already used to buying digital assets,” said Voodoo’s chief executive, Alex Yazdi. “This technology will give players true ownership of their digital assets, creating deeper interactions between players – collecting, trading, selling in-game digital currencies and game assets – which will increase fun and engagement.”

This $200 investment plan will be enacted in 2022. It aims to fund early-stage gaming studios while creating 20 new internal studios.

Voodoo is a mobile video game development company that is backed by Tencent and Goldman Sachs. The organization is famous for mobile games like Helix Jump and Paper.io.

(All information was provided by Front Office Sports and Reuters)

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