Sugarverse, a Web3 gaming studio in Sofia, raised $1 million to support blockchain game development, starting with Sugar Match, a mobile game launching this summer. The funding aims to create rewarding ecosystems where all players benefit instead of favoring early adopters, addressing issues in Web3 gaming longevity, where many games fail due to unsustainable reward systems. Their approach borrows from online poker's fixed value circulation model, aiming to maintain token stability as player growth increases, challenging the Play-to-Earn decline observed in many other games.
Sugarverse believes its approach to rewarding players in the economy will differentiate it from others in the Web3 gaming landscape.
Nikolay Mitev, co-founder of Sugarverse, emphasizes that their model is designed to keep latecomers engaged and prevent retention drops associated with unfair reward systems.
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