EA founder Trip Hawkins dives into Web3 with Barcelona-based startup

Former Apple government Trip Hawkins, who based the corporate behind the best-selling sports activities videogame franchise “FIFA”, is becoming a member of a Web3 startup, trying to tackle high blockchain video games like Axie Infinity.

The founding father of Electronic Arts will be a part of as co-founder and safety chief of Games for a Living (GFAL), Hawkins instructed Reuters in an interview.

GFAL publishes titles suitable with blockchain know-how throughout consoles, private computer systems and smartphones – generally referred to as Web3.

Interest for Web3 gaming has risen over the previous yr as it’s touted to draw extra cryptocurrency customers. Players can personal, promote, and commerce in-game items in such video games.

Hong Kong-based blockchain gaming developer Animoca Brands, which backs widespread NFT sport Axie Infinity, raised greater than $500 million in 2022.

“Web3 is the bridge to the metaverse,” Hawkins mentioned on Thursday. “And if we’re going to make a metaverse, the economy of the metaverse has to be more like the real world.”

Although there are considerations round safety as “cyberwallets” are extra vulnerable to hacking, builders are additionally trying to diversify their platforms amid stunted progress and excessive app-store charges. Founded in 2021 by former King government Manel Sort, Barcelona-based GFAL had a post-money valuation of 13.2 million euros ($13.96 million) after its newest funding spherical final yr.

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