Gaming Company Unitopia Attracts $5M to Develop a Blockchain Similar to Steam
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Local media reported yesterday that the blockchain-based gaming platform Unitopia has raised around $5 million from several investment and financial services firms.

Investors include Shuimu Fenghua Fund, Link Hui Capital, Jun Joint Venture, Digital Chain Capital and Super Brain Fund.

The gaming firm aims to develop a blockchain similar to Steam, which allows users to buy and play videogames taking advantage of crypto’s underlying technology.

The funds will reportedly be used to promote the research and development of blockchain-based games as well as to foster the growth of the sector. More particularly, Unitopia plans to create a blockchain equivalent of the digital distribution platform Steam, where users can buy and play video games.

Why it is important

  • According to Unitopia, all games on its platform are decentralized and the distribution of the revenue generated by these games is controlled by smart contracts.

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