Blockchain-based gaming continues to gain value, attracting investments from major companies. A recent move by DWF Labs, a global digital asset market maker and a versatile Web3 investment firm, has highlighted the growing interest in the gaming ecosystem. DWF Labs has made a strategic investment in MOBOX, a pioneer in Web3 games with interoperable assets, reflecting the company’s interest in User-Generated Content (UGC) games.
MOBOX was listed through Binance Launchpool in 2021 and has since led the Web3 gaming space with its community-focused platform featuring a sequence of games developed by in-house teams and partners. Over the past three years, the platform has continued to evolve, attracting over three million users and fostering an engaging, vibrant community.
In December 2023, MOBOX announced the alpha launch of DragonVerse Neo, an open-world collectively created and managed by the community, allowing users to generate content and shape the world’s future. DragonVerse Neo represents a significant milestone in MOBOX’s transition towards a community-centric UGC game production, focused on creating open, sustainable, and evolving economies.
DWF Labs’ investment will support MOBOX in increasing liquidity across various exchanges, creating synergies between portfolios, expanding key regional partnerships, and collaborating in PR and offline events. Andrei Grachev, Managing Partner at DWF Labs, expressed his belief in the potential of a gaming platform driven by user-generated content, aligning with their vision of decentralized gaming.
Following the investment news, MOBOX’s native token MBOX saw a price surge, rising from $0.32 to over $0.35 within 15 minutes before slightly retracting to $0.34, indicating a 10% price movement. MBOX’s 24-hour trading volume also increased by 191%, reaching $33.6 million, with the overall market cap growing by 24% to $84 million, ranking it 397th in the market.