article thumbnail

Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO

TechCrunch

This February, Africa and emerging market-focused Nestcoin raised a pre-seed round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). Meanwhile, MVM said it is building a soon-to-launch social gaming app, Hyper.

article thumbnail

Consumer investment fatigue

Tomasz Tunguz

Many of the promising marketing and media innovations of the past six years, daily deals, subscription ecommerce, social gaming and social media, have been struggling. I’ve been asked a few times whether there is consumer investment fatigue as a result. But consumer investment will continue.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Daily Crunch: Investors back away from Dispo

TechCrunch

“We have stepped down from our position on the board and we are in the process of making arrangements to ensure we do not profit from our recent investment in Dispo,” said Spark, which led a $20 million Series A in Dispo less than a month ago. Dobrik, meanwhile, has stepped down from the Dispo board and left the company.

article thumbnail

a16z, Avenir and Google back South African mobile games publisher Carry1st in $20M round

TechCrunch

Carry1st , a South African publisher of social games and interactive content across Africa, has raised a $20 million Series A extension led by Andreessen Horowitz (a16z). Carry1st also received investments from Avenir and Google; it’s the latter’s second check from its Africa Investment Fund.

article thumbnail

Riot Games and Konvoy Ventures back games publisher Carry1st in $6M Series A

TechCrunch

million seed investment. CRE Ventures led that round , but this time, the company, which has offices in Cape Town and New York, brought in a blue-chip group of investors spanning gaming, media and fintech. The firm is known for its investment in the video gaming industry’s infrastructure, technology, tools and platforms.

article thumbnail

Powder raises $14 million for its social app for game clips

TechCrunch

Meet Powder , a French startup that helps you share video clips of your favorite games, follow people with the same interests and interact with them. Powder wants to build the video infrastructure for social gaming. The team then developed an app that would appeal to that community, the “metaverse camera” as Coppin says.

article thumbnail

Kodland, which teaches kids digital skills, grabs $9M to scale its online coding school

TechCrunch

It says it will also be spending on product development. A bunch of cohort-based learning platforms has also been successful in attracting recent investment — by, similarly, seeking to bridge the gap between edtech and the creator economy.