Ultiverse, a Singapore-based startup, is leading the charge in merging artificial intelligence (AI) and cryptocurrency in the gaming industry. With a recent $4 million strategic funding round led by IDG Capital, Ultiverse’s valuation has soared to $150 million. By leveraging AI to accelerate game production and enhance user engagement, Ultiverse is breaking new ground in the crypto gaming sector.
The company’s co-founder, Jimmy Liu, revealed that Ultiverse uses advanced language models like GPT-4 to train in-game non-player characters, providing each player with a unique gaming experience based on their interactions. This innovative approach has streamlined the game design process, reducing production time and costs significantly. Moreover, players can create their AI agents to further personalize their gameplay.
While Ultiverse’s utilization of AI sets it apart in the industry, competition remains fierce as other game studios capitalize on generative AI for various aspects of game development. Additionally, the ongoing debate surrounding crypto games and their value proposition continues, with concerns about exploitative practices in the space.
Despite these challenges, Ultiverse has made impressive strides, boasting three published games, including a popular mobile cricket game with a large player base in India and Pakistan. By implementing user-friendly crypto wallet features like account abstraction, Ultiverse has successfully onboarded non-crypto users into the blockchain gaming ecosystem, introducing them to the benefits of web3 technology.
IDG Capital, a prominent investor in both traditional tech giants and emerging crypto projects, expressed confidence in Ultiverse’s potential to revolutionize the gaming industry globally. With a growing user base and a commitment to innovation, Ultiverse aims to redefine the gaming experience through its AI-powered platform, positioning itself as a frontrunner in the web3 gaming landscape.
HEALTH
WORLD AFFAIRS
TECHNOLOGY
CREATIVE
