quick shot:

• The Dragonfly-backed company is developing a community infrastructure for web3 games.
• Shrapnel boasts of being the world’s first-person shooter powered by blockchain technology.
• It joins a growing list of web3 games on the Ancient8 launchpad.

Ancient8 has announced a partnership with AAA first-person shooter, Shrapnel. Shrapnel is the first multiplayer FPS that allows players to create, own, and trade in-game assets.

The game is developed by a team of engineers and designers from leading video game and web2 companies, including Xbox, HBO and Electronic Arts.

Neon, the studio behind SHrapnel, is also backed by a strong contingent of web3 venture capital firms, including Griffin Gaming Partners, Polychain Capital, Dragonfly Capital, Sfermion, Mechanism Capital, Merit Circle, and Spartan, among others.

Ancient8 is a web3 gaming marketing and product launch platform that creates a community infrastructure for the global adoption of blockchain gaming.

The company is backed by some of the leading web3 venture capital firms, including Pantera, Dragonfly, Hashed, Makers Fund, C² Ventures, Mechanism, Coinbase, IOSG, and Animoca Brands, among others.

Ancient8 is also the largest blockchain gaming guild in Vietnam, giving it access to one of the fastest growing web3 gaming communities in Southeast Asia.

Web3 is a blockchain-based internet that prioritizes decentralization, trustless communications, and community ownership. Online games built on web3 allow users to create and own in-game assets, including NFTs: cryptographic files that represent proof of ownership of an in-game character/avatar, skins, and weapons.

Announcing the partnership on their blog, Ancient8 said, “Shrapnel will be deployed on a custom Avalanche subnet that offers zero latency, EVM support, and in-game asset trading.” The game is based on the latest edition of the real-time 3D creation tool for photorealistic visuals and immersive experiences Unreal Engine 5.

Shrapnel is inspired by the multiplayer first-person shooter “Escape from Tarkov” and the “Dark Zone” mode from Tom Clancy’s The Division, an online role-playing game published by Ubisoft. The game has received rave reviews after releasing its first trailer.

“Players can not only chain weapons and equipment to customize their gaming experience, but in-game toiletries and cosmetics can also be crafted, minted, and used using Shrapnel’s UGC tools. In this way, Shrapnel offers a wide range of experiences aimed at various types of players: gamers, creators, and curators,” Ancient8 wrote.

The partnership also comes on the heels of DappRadar’s latest blockchain gaming report, which showed that VCs continue to back web3 gaming with $534 million raised in October and November.

According to the report, blockchain gaming saw a mere 12% decline in daily unique active wallets amid the FTX saga.

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