Coin98 Labs acquired CyBall, moving further into Web3 Gaming

On December 8, Coin98 Labs acquired CyBall, one of the pioneers that helped introduce the Web3 gaming sector to the world during the Gamefi summer of 2021/2022. This is a part of Coin98’s mission to make Web3 accessible for everyone by building fundamental blocks in blockchain gaming that supports pushing mainstream adoption.

writer.c98

Published Dec 08 2022

Updated Feb 16 2023

1 min read

CyBall is a football-themed (US: soccer), NFT-based web3 game that allows users to collect, trade, mentor, and battle their CyBlocs. CyBlocs — Cyborg on the Blockchain, are CyBall’s main asset and in-game characters, which are represented as NFTs on-chain.

CyBall had an incredibly successful launch with over 20,000 DAUs at peak. However, the team was affected by the FTX debacle that had thrown a spanner in the works and changed their plans for the future of the game and its development.

With Coin98’s acquisition of CyBall, there would be an injection of fresh funding for further development and realization of the original CyBall vision, with some Coin98 spice.

For a smooth transition between the CyBall and Coin98 team, the launch of the $CYB governance token on December 10 will now be delayed. All investments made by previous investors will remain. CyBall users will continue to have uninterrupted service to CyBall’s products.

“Both the Coin98 and CyBall teams strongly believe in the potential of Web3 gaming and its importance as a sector that not only defines the essence of crypto but also in being a crucial vehicle to guide mainstream adoption,” said Cyball.

Coin98 Labs has also recently acquired Yunero Studios and set the fundamental step toward onboarding the next billion users with blockchain gaming. CyBall now becomes one of the projects that Yunero Studios will incubate. The core team of CyBall will remain intact and transition into a working relationship with Yunero studio to build CyBall and deliver it into the future. The CyBall game currently exists on BNB Chain and Polygon.

“It is serendipitous for Coin98 to acquire CyBall, with our newly formed gaming unit, which is equipped with resources and funding to take CyBall into a new era,” said Coin98.