Overwolf Invests In SYN CITY Mafia Metaverse To Launch User Generated Content In P2E Games

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Overwolf, the all-in-one platform that enables creators to build, distribute and monetize in-game apps and mods, today announced an investment in SYN CITY, the first “Mafia metaverse” game designed for the blockchain. As part of the deal, Overwolf and SYN CITY will explore new User Generated Content (UGC) opportunities in the Metaverse, including creating, sharing, and monetizing in-game items.
Overwolf joins a growing list of investors who see merit in SYN CITY’s mafia metaverse.
The project has raised more than $ 8 million in investments from Twitch, Project Galaxy, Animoca Brands, Huobi Ventures and many leading investors and venture capitalists.
In addition to the investment, SYN CITY is exploring integration with the Overwolf platform to enable game creators to monetize their creations in the future. Community-created experiences are becoming an essential part of the game, and SYN CITY believes this will be more important than ever in the P2E ecosystem where players already have some ownership in the game.
Roy Liu, co-founder of Syn City, commented:
“Successful social platforms and metaverse projects need to empower creators to generate content for their friends, clients, and other ecosystem participants. As a result, the metaverse game continues to grow and evolve, with a heavy emphasis on social media. As a result, the producers and creators of NFT and user-generated content can forge their own experiences for the whole community to benefit. We’re excited to explore what UGC could look like in-game with Overwolf, the creators of the main UGC-as-a-service platform.
Shahar Sorek, Marketing Director of Overwolf, said:
“Overwolf believes the future of games lies in User Generated Content (UGC) and part of that future is enabling creators to build services with and around NFTs. We are delighted to invest in such an experienced team of game developers. SYN CITY’s commitment to UGC both in-game and on-chain by introducing a unique in-game governance feature called Mafia-as-a-DAO (MaaD) is a very exciting development in the P2E space.
SYNCHRONIZATION CITY is the first ‘Mafia metaverse’ game designed for the blockchain. Built by a team of experienced game developers, SYN CITY brings the mafia and chain syndicate style gameplay while introducing a unique in-game governance feature called Mafia-as-a-DAO (MaaD). The platform’s native token, SYN, gives players access to multiple earning opportunities such as governance events and rewards. Players can participate in daily events, including PvP, PvE, and group contests, such as cross-chain tournaments. SYN CITY Discord has been a key proponent of the project’s growth, having amassed over 80,000 members in less than a month.
Overwolf is the game makers guild. With over 95,000 creators and 27 million monthly active users, Overwolf is the all-in-one platform that enables creators to build, distribute, and monetize in-game apps and mods. Designed for Creators From the Creators, Overwolf’s mission is to unite the game’s creator community and empower them to make a living doing what they love – developing truly awesome gaming experiences. Tel Aviv-based Overwolf has raised more than $ 150 million to date from investors such as Andreessen Horowitz, Atreides Management,
Griffin Gaming Partners, Insight, Marker, Intel Capital, Liberty Technology Venture Capital, Market and Ubisoft.
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