Bybit-backed gaming platform enters the Web3 world

Yeeha Games, a $50 million-funded GameFi platform sponsored by crypto exchange Bybit, has joined the Web3 realm to serve as a bridge between GameFi and traditional gaming.

Yeeha Games creates an environment in which players may trade in-game assets. As a result, the platform wants to showcase a variety of blockchain games over the next eighteen months in order to improve the Web3 experience.

Choy Wai Cheong (Choy), Yeeha Games' co-founder and COO, stated:

“In 2021, the GameFi industry had tremendous growth.” However, when compared to the traditional gaming sector, we see enormous untapped potential. We need titles that appeal to conventional gamers to entice people to web3.

“Integrating blockchain components into game genres with proven popularity in the traditional gaming business is a smart starting point,” Cheong added.

Because consumers are not compelled to acquire cryptocurrencies, Yeeha Games' free-to-play games serve as a stepping stone toward Web3 gaming.

Bybit's co-founder and CEO, Ben Zhou, stated:

“We are thrilled about GameFi's future and how it will realize the promise of the metaverse and the internet through gaming.” We hope to demonstrate our commitment to bringing technological advancements to a broader society through this collaboration.

Zhou believes that by creating a fair playing field, GameFi will be able to link individuals all over the world while creating virtual and digital worlds. He continued:

“It advocates the philosophy of restoring power to the people through a player-owned economy.”

Meanwhile, InfiniteWorld, a metaverse and Web3 infrastructure startup, recently bought Super Bit Machine in order to improve the cross-pollination of gaming and blockchain platforms.

According to Blockchain.News, the acquisition was also targeted at providing best-in-class experiences in the metaverse environment by adding multiplayer and real-time game production capabilities.

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