Griffin Gaming Partners, a Web3 game investment fund, announced that the fundraising target for its third flagship fund is $500 million, which is about 33% smaller than its previous fund. The fund has not responded to requests for comment on why it has lowered its fundraising target. Griffin Gaming Partners raised $750 million for its second flagship fund in 2022, when venture capital enthusiasm for Web3 and crypto games reached its peak, but the subsequent bankruptcy of FTX caused the market to slump. As of now, Griffin Gaming Partners has invested in multiple Web3 game studios and infrastructure companies, including game content creator platform Nexus, Web3 game launch platform HyperPlay, Web3 game studio Gallium Studios, blockchain game developer UnCaged Studios, blockchain game studio SuperTeam Games, blockchain game company N3twork Studios, and also led Forte's $180 million Series A financing.

Himalaya Technologies, a US-listed company, has announced that it has signed a letter of intent (LOI) to acquire 100% of the shares of Mad Hatter Society, Inc., a major participant in the Web3 development field. The specific amount has not been disclosed. After this strategic acquisition, Himalaya will expand its digital financial capabilities, enhance its Web3 product portfolio, and significantly strengthen its liquidity pool financing business. It is reported that the acquisition will be completed after the due diligence is completed within 30 days of the signing of the letter of intent.

Wbe3 Entertainment Studio and technology company Feature.io completed a $1.9 million financing round. InterVest, 2PunksCapital, Avalanche, Acme Innovation, and SterlingVC participated, but specific valuation data has not been disclosed. Feature uses its Smart Content™ smart contract technology to connect audiences with brands through interactive touchpoints. These touchpoints can be seamlessly embedded into content that audiences and users love, and each interaction generates automatic rewards, creating revenue streams for users and brands.

Web3 football game project FantaGoal announced the completion of a $3 million financing on X platform, with participation from IDG Capital, OptaJoe, KuCoin Ventures, Chain Capital, and additional $400,000 sponsorship from Sportsbet.io and Whale.io. FantaGoal (FG) aims to establish the world's largest football community, bringing new value and experience to millions of football fans worldwide by closely integrating the football world with blockchain technology, and stimulating fan participation through innovative features such as token rewards.

On May 18th, according to official sources, the Web3 artificial intelligence engine Orbofi AI released version 2.1, providing over 2.5 million voice-driven, multi-mode, and personalized AI clones. Users will be able to create their own personalized AI companions and import them into platforms such as WhatsApp, Messenger, Discord servers, Subreddits, and more.

The game is currently available in early access on the Epic Games Store.

Web3 game Nyan Heroes combines traditional gaming elements with blockchain technology to enhance player ownership and participation, emphasizing the pursuit of permanent ownership of player digital assets. In addition, Max Fu, CEO of Nyan Heroes developer 9 Lives Interactive, stated that Nyan Heroes is committed to making a real-world impact, having donated over $350,000 to animal rescue organizations, demonstrating their passion for charitable causes. (Benzinga) Earlier in March, Web3 shooter game developer 9 Lives Interactive announced the completion of a $3 million financing round led by Mechanism Capital, with participation from Delphi Digital, Sfermion, 3Commas Capital, Momentum 6, Kosmos Ventures, Devmons GG, and CSP DAO. The new funds will be used to support the global release of their first game, Nyan Heroes.

According to official sources, Web3 identity verification tool Privy has announced that it has integrated with social media giant Instagram, and dApps and protocols can now choose to add Instagram as a login option for Privy. In addition, according to Privy's official blog, its protocol now supports Telegram mini-program development, and developers can integrate Privy into mini-programs to provide identity verification and self-hosted wallet services.

Web3 digital asset company Alpha Transform Holdings (ATH) announced strategic investments in Arhasi and Cloudbench, with specific amounts not yet disclosed. Its CEO and Alpha Sigma Capital Managing Partner Enzo Villani has joined the advisory committees of both companies. It is reported that emerging technology consulting company Cloudbench is a Google partner, while Arhasi is an artificial intelligence solution engineering company. Both companies focus on four professional fields: artificial intelligence/machine learning engineering, data services, cloud engineering, and Web3 development, including building artificial intelligence models and dApp development.

Reflective Technologies Inc., the parent company of Mirror, revealed that it has raised $10 million from Electric Capital, with additional donations from a16z crypto, Union Square Ventures, and Variant, to develop a new product called Kiosk. Currently, Kiosk is still in development and searching for a founding team, and will use Farcaster to enhance blockchain-based transactions within social communities.