Ultiverse has published three games so far, with 7.3 million registered users across all its games as of December, and monthly active users averaging 830,000. The company uses a crypto wallet feature called "account abstraction" to attract non-crypto users. IDG Capital, which has also invested in other major crypto projects, expressed belief in Ultiverse's potential to transform the way games are developed and experienced globally.
Key takeaways:
- Ultiverse, a Singapore-based startup that combines AI and crypto for game production, recently raised $4 million in a funding round led by IDG Capital, boosting its valuation to $150 million.
- The company uses AI to accelerate game production and user adoption, training in-game non-player characters with large language models like GPT-4, Llama, and Stable Diffusion.
- Despite the controversy surrounding crypto games, Ultiverse has published three games so far, with 7.3 million registered users and an average of 830,000 monthly active users as of December.
- Using an "account abstraction" feature, the company has managed to attract mostly non-crypto users who didn't previously own a wallet, helping to grow and convert traditional gamers to their ecosystem.