AI-Driven Gaming Network, PlayAI, Secures Initial Capital for Construction of Flexible Gaming Architecture Supported by Artificial Intelligence

PlayAI, a Web3 startup, has recently secured $4.3 million in funding at a valuation of $70 million. This funding round was backed by leading Web3 venture capitalists, including P2 Ventures, Jump Crypto, Alphawave, Zentry, MH Ventures, and Tykhe Block Ventures.

The platform developed by PlayAI aims to make it easy for developers to add AI elements to their games, with a focus on open-world player-versus-player shooter games initially. However, the technology developed by PlayAI could also work with simpler hypercasual games.

PlayAI's platform is built upon a decentralized network for AI model training and data attribution, utilising blockchain technology. This network enables gamers to be rewarded for sharing their gameplay data, introducing a new monetization stream for global gamers.

The team at PlayAI brings extensive experience in starting networks, particularly in the Web3 context. They are now working on building middleware for AI models and gaming agents, with a goal to equip developers with high-quality gaming data and tools.

PS Ramees, the CEO of PlayAI, stated that artificial intelligence is the future of gaming and virtual worlds. He also believes that NFTs can create a new source of earning for gamers, outside of the game economy.

Play AI is set to launch a dashboard for its platform soon, followed by game launches, according to VentureBeat. The startup's relationship with gamers is said to be straightforward, as they are rewarded for their contributions to the platform.

Notably, Play AI is not limited to Web3 games. The platform can also work with Web2 games, making it a versatile solution for the gaming industry. The group of Web3 startups combining blockchain gaming with artificial intelligence, including Delabs Games, Planetarium, and Saga, are actively making noise in the space. Play AI raised funding from investors such as Animoca Brands and B3, among others involved in crypto gaming and blockchain ecosystems.

In conclusion, PlayAI's innovative approach to AI integration in gaming, combined with its decentralized network and reward system, promises to bring significant changes to the gaming industry. With a strong backing from investors and a dedicated team, PlayAI is well-positioned to lead the way in the future of gaming.

AI-Driven Gaming Network, PlayAI, Secures Initial Capital for Construction of Flexible Gaming Architecture Supported by Artificial Intelligence