Catheon Gaming and Catheon Gaming CEO have lead Catheon to a bullish rating from InvestorsObserver
United States - April 9, 2023 —
Catheon Gaming and the Catheon Gaming CEO, William Wu and received a bullish rating from InvestorsObserver on Sunday March 26, 2023.
This bullish rating is supported by the following recent updates:
Business Development
The Business Development team at Catheon have announced a noteworthy expansion in their network, with the number of interested companies, developers, and developer studios surging from 77 to 117, of which 14 are currently in advanced discussions. Additionally, the team has doubled the number of productive meetings and calls, rising from 92 to 181.
Especially card battler games and play-to-earn (P2E) models are drawing the attention of developers, with certain studios transitioning from traditional free-to-play games to web3 games. This trend coincides with the growing interest in web3 and blockchain gaming, with some studios having already developed games in this domain since 2018.
State of Web3 Gaming in 2023
It's apparent that game studios encounter funding and revenue generation challenges in 2023, with some being in the initial stages of fundraising or looking for support from venture capitalists to drive their projects forward. Catheon Gaming is well aware of the low and poor quality of web3 games that cause concern for some studios. This has instilled the importance of delivering high-quality work that will bring results and make them stand out from the crowd.
It's been heartening to see the enthusiastic reception the many games have had. Catheon's many companies and developers have demonstrated a high level of innovation and quality related to the blockchain gaming projects they have been involved in. It's exciting to note that their vision and objectives for the future of gaming are aligned with those of their potential blockchain partners who will almost certainly be looking to collaborate with them to deliver new innovative and engaging games to their fans.
Strategy For 2023 and Latest Accomplishments
The team collected industry data and optimized outreach to connect with targeted game studios. In 2 weeks, they reached over 5000 thousand entities and are in talks with 54 studios, positioning them to onboard more games than the 25 games they added in 2022. The focus of adding more quality games remains to their established portfolio means unmatched quality in the web3 gaming space will continue in 2023 and into 2024.
Apart from business development updates, other areas of progress include integrating NFT-related blockchain functionalities into Catheon Gaming's SDK. The team has been hard at work developing the backend architecture and API endpoints for in-game NFT features, including minting, burning, and trading. Backend architecture and API endpoints for the in-game NFT functionalities of minting, burning, and trading are completed and are ready to be used.
Catheon is committed to developing top-notch web3 practices which benefit partners and provide traditional game studios with a unique opportunity to showcase their content and differentiate themselves from the competition in the relatively limited pool of blockchain games currently available. By investing in high-quality IP and innovating the core concepts the future is bright.
Conclusion
In conclusion, Catheon Gaming's bullish rating from InvestorsObserver is a testament to the company's commitment to delivering high-quality web3 gaming experiences to users. The expansion of their network, doubling of productive meetings and calls, and progress in integrating NFT-related blockchain functionalities demonstrate their dedication to achieving their goals and paints a good picture for the future of the company in 2023.
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Contact Info:
Name: Jesse Tutt
Email: Send Email
Organization: Catheon Gaming
Website: https://catheongaming.com
Video URL: https://www.youtube.com/@catheongaming6528
Release ID: 89087681
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