Vavelverse will be the first flagship blockchain gaming project for Venly on the Hedera Hashgraph ecosystem. The Venly Market will power Vavel’s in-game player-driven trade economy.

Vavel Games, a leading gaming studio bringing the next generation of MMO games to life, has joined the broad list of the HBAR Foundation’s grantees as the first gaming company to receive a grant from the HBAR Foundation. Through assistance from the HBAR Foundation, Vavel Games is launching Vavelverse, a range of interoperable games run on the same decentralized engine, on the Hedera Network.

The gaming company will leverage Hedera’s network and Venly’s technology to expand its presence in the Web3 space. The launch of Vavelverse on the Hedera Network will bring more users to the Hedera ecosystem as it will open the network to a wider gaming community via Venly.

Venly made a strategic alliance with Vavel Games, investing in the Vavelverse project to make it one of the biggest use cases for the Venly infrastructure on Hedera. Vavelverse will launch aiming at the second week of June with an NFT sale on the Venly Market. The first NFTs will be a part of a land sale where Vavel will distribute transgates.

“We’re very proud to announce that we’ve selected Vavelverse as our flagship blockchain game project on the Hedera Network. We’re confident that their team will bring hundreds of thousands of users to the Hedera Network, and extremely happy that they chose Venly technology to onboard the masses.” Yan Ketelers, CMO Venly.

About Vavel Games

Founded in 2014, Vavel Games is a successful gaming studio entering Web3. The Company issuing its proprietary tech stack to launch a gaming metaverse (Vavelverse) - a network of compatible, interchangeable games that players can play using the same account and without losing the in-game assets.

About Venly

Venly is a blockchain technology provider with over 2.5M end-users. It offers infrastructure solutions, ready-to-use products, and accelerator services for blockchain projects. The main developer tools include the Venly Wallet, Venly Market, Shopify app, and NFT APIs.

With the Venly technology, web2 businesses can tap into an entirely new revenue stream without having experience in blockchain engineering or a complex regulatory framework.

About the HBAR Foundation

Founded in 2021, the HBAR Foundation fuels the development of the Hedera ecosystem by providing grants and other resources to developers, startups, and organizations that seek to launch decentralized applications in DeFi, NFTs, CBDCs, sustainability, gaming, and other sectors. In addition to providing funding through a streamlined grant process, the HBARFoundation acts as an integrated force multiplier through expert support across technical, marketing, business development, and other operational functions that are required to scale.