With its mobile titles Helix Jump and Paper.io, the company is planning to work in a system that rewards players with digital assets during a game.
Voodoo will compete with French-based NFT fantasy sports platform Sorare, who raised 650 million dollars in September for a $33 billion valuation. One of the French companies to launch Quartz, which lets players acquire gameable NFTs. Quartz has received backlash from a workers union called Ubisoft, who condemned it for useless, expensive and ecologically deceptiveness.
Growing Business
In July 2010, Voodoo which has 300 million active users is valued at $9 billion. Tencent acquired its minority stake in Voodoo in the summer of 2020. The China-based company posted $22 billion in revenue in the three-and-a-half-thirty 2021, a 13% rise than the same period last year. In Q3, the value-added services segment, which includes video games brought over 11,7 billion dollars in revenue, a 8% increase from year-over-year.
