<a href="/category/games/">Games<span class="Nav__brand--gb-highlight">Beat</span></a> <br><em>GamesBeat Summit 2022 returns with its largest event for leaders in gaming on April 26-28th. Reserve your spot <a href="https://gamesbeatsummit.venturebeat.com/page/2059790/registration?utm_source=vb&utm_medium=boiler&utm_content=Registration&utm_campaign=BoilerPlates">here</a>!</em><br><br>Ethernity today announced it has raised $20 million towards its new studio, Ethernal Labs. This new venture is a technology studio and incubator dedicated to helping others launch their own NFTs and tokens and join the <a href="https://venturebeat.com/2022/02/04/the-deanbeat-metaverses-that-arent-really-metaverses/">metaverse</a>.<br>Ethernal Labs aims to be a platform to help get these other parties into the metaverse with an authenticated marketplace, avatar creation, and P2E gaming. Ethernity CEO and founder Nick Rose told GamesBeat, “Ethernal Labs will act as a one-stop destination for brands, artists, and notable figures to launch NFT collections, fan tokens, and virtual events.”<br>Investors in the fundraise include Black Edge Capital, former League of Legends producer Thomas Vu, Kenetic, former Google CEO Eric Schmidt, Morningstar Ventures, Fanatics owner Michael Rubin, and Polygon Studios, among others.<br>Ethernal Labs plans to launch multiple projects over the next year, according to Rose, “Ethernity’s goals are beyond ambitious going into 2022, with the creation of our triple-A play-to-earn game, under the guidance of League of Legends creator Thomas Vu, being a highlight. This next-gen gaming experience will provide utility to all past and future Ethernity NFTs and our upcoming avatar project.”<br>Three top investment pros open up about what it takes to get your video game funded.<br>Other future projects include EyeCandy, a decentralized auction marketplace for NFT artwork; Fanable, a social token platform; and an avatar project that will provide access to the aforementioned play-to-earn game.<br><strong>GamesBeat's creed</strong> when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. <a href="https://venturebeat.com/gamesbeat-membership-plans/">Learn More</a><br>The largest event for leaders in gaming returns on April 26-28 online and live in Los Angeles, CA.<br> The largest event for leaders in gaming returns on April 26-28 online and live in Los Angeles, CA. Over the course of three days, the gaming community will have an opportunity to come together, and hear from industry experts as they dive deeper into gaming's trending topics. <br>© 2022 <a href="https://venturebeat.com/" class="Footer__legal">VentureBeat</a>. All rights reserved.<br>We may collect cookies and other personal information from your interaction with our website. For more information on the categories of personal information we collect and the purposes we use them for, please view our <a class="c_nac" onclick=shoCMP()> Notice at Collection.</a><br><br><a href="https://venturebeat.com/2022/02/10/ethernity-raises-20m-for-ethernal-labs-its-metaverse-gaming-studio/">source</a>
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