NEW YORK, NY / ACCESSWIRE / April 4, 2024 / Accelbyte Fund representative, Mason Hill, shared valuable insights on why they decided to invest heavily in building the ID Planet platform in 2023. Accelbyte Fund, headquartered in the United States, focuses on providing AAA-level gaming service platforms for game developers. They have secured investments totaling $70 million in 2021 and 2022.
Junai, the CEO of Accelbyte Fund, previously led the backend engineering team at EPIC. During his time at EPIC, he realized that the company lacked sufficient flexibility to support the growing backend demands of the emerging EPIC platform. Junaili aspired to empower independent creators by offering top-quality tools and platforms. This inspired the decision to construct a new game service platform in 2021 and invest in developing the ID Planet platform. Simultaneously, they also working on creating exciting Web3 games like Supreme Legend, Ecosmo, and Cool Gods.
One of the main factors driving the investment in development of ID Planet is the projected growth of the metaverse market, which is expected to reach a size of US$1.3 trillion by 2030. The strategic positioning of ID Planet aligns perfectly with this projected growth, positioning it as a significant participant within the metaverse ecosystem. With a strong emphasis on innovation and collaboration, ID Planet is well-equipped to secure a substantial market share in this rapidly expanding landscape.
ID Planet’s vision as a Metaverse Hub is a key driver of its investment appeal. By serving as a Metaverse hub, it aims to connect platforms, applications, and communities, fostering collaboration and interoperability. This approach creates a vibrant ecosystem for developers, creators, and users, driving sustained growth and user engagement.
ID PLANET’s upcoming game releases further enhance its investment potential. The platform is set to launch two exciting games: “Supreme Legend” offering a 5v5 Mobile Legends gameplay experience, and “Cool Gods,” featuring a 5v5 Mobile Legends gameplay with third-person view controls. These games tap into popular genres and gaming mechanics, attracting a wide user base. The successful release and adoption of these games will not only contribute to ID PLANET’s revenue streams but also drive user acquisition and engagement within the metaverse ecosystem.
ID Planet’s commitment to collaborating with game developers and bringing them into its Metaverse Hub adds immense value to the platform. By partnering with established and emerging game developers, ID Planet can expand its game portfolio and enrich its offerings. The platform’s Layer 1 EVM blockchain ecosystem provides developers with innovative tools and infrastructure, facilitating the integration of their games into the metaverse. These partnerships create a vibrant gaming ecosystem, attracting users of various types and driving network effects.
The participation of US-based LAM Group and E Cosmo, along with JD Wealth, Accelbyte Fund, and a Hong Kong-listed company, demonstrates the confidence and commitment of both domestic and international markets in ID Planet. The investment alliance not only offers significant financial support but also brings strategic expertise and networks, enabling ID Planet to accelerate its global market growth and enhance its global influence.
ID Planet leverages the technical expertise of AccelByte Fund, which has a global team of over 200 skilled professionals located in countries such as the United States, Vietnam, Japan, Russia, and others. During the pandemic in 2021, ID Planet successfully implemented remote work and attracted a diverse and talented group of professionals. These individuals contribute their exceptional skills and expertise to the team, enabling ID Planet to succeed in its mission.
ID PLANET’s ecosystem consists of several key components, including the IDC20 Layer-1 EVM blockchain, IDC20 Wallet, ID.Swap DEX, IDPlanetXC CEX, and ID.NFT NFT marketplace. These blockchain-based applications work in synergy to create a comprehensive and interconnected Metaverse platform.
ID Planet is an exciting metaverse platform that showcases its potential through its strategic positioning, upcoming games, developer partnerships, strong investment alliances, technological innovations, and comprehensive ecosystem. With a focus on the rapidly growing and thriving metaverse community, ID Planet has the potential to become a significant player in the rapidly expanding metaverse industry, offering users a higher, more reliable, and secure platform.
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Company Name: Accelbyte Fund
Contact Person Name: Mason Hill
Email: [email protected]
Website: https://accelbytefund.com
SOURCE: Accelbyte Fund
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