Flappy MoonBird is a web3 game produced by Helix Table – a studio of French video game developer and publisher Voodoo which is responsible for the development of over 100 casual games with over 10 million downloads and MAU(Monthly Average Users). In the future, the studio has plans to focus on web3 casual GameFi(Game Finance) while deepening the vertical field to introduce more innovative revenue methods for its favorable growth.
Recently, Flappy MoonBird had announced that it had raised $2 million in a Pre-series B funding round. The funding round was led by FBG Capital – the only sole participant in the event and based in China – at a $60 million market valuation. Earlier in December of 2022, Flappy MoonBird closed a Series A funding round that yielded $6 million. The series A financing was utilized in the development of games in this series.
FBG Capital is a digital asset management firm that also incubates promising blockchain projects and companies.
Apart from FlappyMoonBird the firm has a series of other games including Racing Birds – a game that rewards the brave. The game system automatically matches 5 birds and starts the game at the same time. The players might encounter various obstacles on the way but survivors can receive generous rewards. Another game is AI Birdnopoly where players can do whatever they imagine including making purchases, building and trading. In the future, the firm has plans of launching a casual game metaverse. The firm also has a utility token, $FMB whose total supply is around 10 000.
GameFi of Game Finance has been on the steady rise in recent days. This technology allows users and gamers who utilize web3 games to collect digital derivatives while engaging in strategic and immersive game scenarios. These digital derivatives can be traded on exchanges just like digital assets to earn the gamers and game developers royalties for their efforts in development and achievements in strategic gaming. The GameFi economy is majorly powered by the P2E(Play to Earn) model which incentivizes web2 gamers to embrace the web3 gaming experience. The sector however has not gained traction as compared to other web3 sectors like NFTs as some crypto actors have termed the scheme as lacking in any economic value as most in-game assets are not based on any real-world value.
