TechFlow News — On March 12, according to VentureBeat, Web3 gaming developer M10 has raised $3 million in seed funding from investors including the Sui Foundation, GSR, Big Brain Holdings, Monoceros, Blockchain Founders Fund, and Presto Labs.
The company aims to address core issues in the free-to-play gaming model, particularly overly aggressive monetization practices. M10 is developing a competitive multiplayer shooter that leverages blockchain technology to create a new business model, enabling players to generate and monetize their own value. The development team comprises veterans from major AAA titles such as Assassin's Creed, Red Dead Redemption 2, and GTA V.
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