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The company is on a mission to revolutionize blockchain gaming with a sustainable rewards model that benefits loyal players.
This fresh funding will fuel the development of innovative Web3 games, starting with Sugar Match, set to launch this summer on Tezos Layer-2, Etherlink.
Bringing Sustainability to Web3 Gaming
The Web3 gaming space has seen rapid growth but faces serious challenges, particularly in keeping in-game economies stable. Sugarverse has a proven track record, having launched over 10 successful Web2 games with a player base exceeding 60 million.
Now, the studio is bringing that expertise to Web3, ensuring fair and continuous rewards for all players—not just early adopters. So, Sugarverse is powered by the $CNDY token. Here are some details:
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pic.twitter.com/j23pSn7F1o
— Sugarverse (@Real_Sugarverse) December 17, 2024
“Our goal is to create a game economy that rewards players at every stage, not just those who get in first,” said Nikolay Mitev, Co-Founder and CEO of Sugarverse. “Many Web3 games struggle with declining token value and unsustainable rewards. Our approach balances the economy, so everyone has a fair shot.”
A New Era for Web3 Mobile Gaming
Sugar Match marks the studio’s transition into Web3 and is the first of five interconnected mobile casual Web3 games designed to bridge the gap between traditional gaming and blockchain technology.
“Mobile gaming is booming, and we believe Web3 should be just as accessible,” Mitev added. “Our approach keeps barriers low, allowing players to jump in and explore Web3 features naturally.”
Key Focus Areas for Sugarverse
The newly raised funds will help tackle three major challenges in Web3 gaming:
- Better Gameplay & Engagement – Sugarverse prioritizes fun and smooth gameplay rather than just focusing on blockchain mechanics.
- Seamless Onboarding – A guest mode lets players dive in without needing a wallet, easing them into Web3 over time.
- Sustainable Rewards – Inspired by online poker, Sugarverse’s economy ensures long-term, balanced rewards, avoiding the boom-and-bust cycle of many Play-to-Earn games.
Disclaimer
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