Copy link
Increase text size
Decrease text size
Link copied

Blockchain firm ChromaWay acquires Antler Interactive after setting up its gaming arm Chroma Studios

ChromaWay is trying to build its gaming catalog and has recently acquired Antler Interactive, a gaming studio that’s focusing its attention on developing mobile games.

Image: Unsplash

Fri, 06 Dec 2019, 05:03 am UTC

Stockholm-based blockchain startup ChromaWay has acquired a gaming company in a bid to expand its gaming catalog in the crypto sphere. The acquisition was announced on Wednesday, Dec. 4, via the company’s Twitter account.

The gaming company is Antler Interactive, formerly known as SVRVIVE Studios, which has been involved in creating VR titles before they made the transition. In its current state, the company is focusing its attention on tech and mobile games.

“We are very excited to be able to share with you that we have acquired @antler_interact! Together we will accelerate our mission of building an underlying framework for a decentralized society, starting with gaming,” ChromaWay said in the tweet.

Antler will be a separate company

ChromaWay is a company that is involved with both public and private sectors, with its business revolving around finance and real estate. However, the company aims to penetrate the lucrative gaming market that has seen tremendous growth in the past decade.

Stemming from this desire, the company created Chroma Studios back in August. This gaming division is leveraging blockchain’s inherent ability to effectively store user information securely, Finance Magnates reported.

ChromaWay’s acquisition of Antler Interactive will expand the titles under its umbrella. But the company did say that Antler will be a separate company, although it will be working closely with the blockchain startup to develop more titles.

Antler’s latest game, “Krystopia: A Puzzle Journey,” is already available in the app store and has received mixed reviews from users. At the time of writing, the game has 3.6 stars, with most of the complaints stemming from bugs and technical glitches.

Blockchain proliferates in the gaming sector

Blockchain technology has been proliferating in the gaming industry in recent years and developers have been trying to push the movement to the mainstream scene. However, there are several roadblocks that are hindering this endeavor.

Speed, rising costs, and the complicated nature of the tech itself are just some of the reasons why gamers haven’t really transitioned to this new medium. But companies are making significant progress, with capitalists supporting this emerging niche.

A recent example is Blockchain Ventures that recently bought a stake in Enjin, another gaming developer that’s building its title on the back of blockchain. Details about the deal remain undisclosed but Blockchain Ventures is confident about Enjin’s promise.

“The Enjin token economic model, where Enjin Coin (ENJ) is locked within virtual in-game items and non-fungible tokens (NFTs) is something we hadn’t seen before. This facilitates both the price discovery and value recovery that have been challenging for NFTs,” Blockchain Ventures said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $11,690.30 (+0.31%)
  • Ethereum (ETH) $394.95 (+3.37%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $306.11 (+0.86%)
  • Chainlink (LINK) $12.65 (+19.52%)
  • Bitcoin (BTC) $11,690.30 (+0.31%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft