Gaming platform

Ninja Syndicate brings the metaverse to Perth with a new gaming platform

WA-based game studio Ninja Syndicate is bringing the metaverse to Perth with its new gaming platform, slated for release in February.

Ninja Syndicate – which spun off from Ninja Software in April – secured a $100,000 ($140,000) investment from private equity firm DashEx, bringing its total valuation to $100 million.

The investment will go towards the company’s gaming platform, Supremacy, a series of metaverse-enabled games that stream to gamers 24/7.

There are plans to integrate a play-to-win system for players towards the end of next year.

While Facebook CEO Mark Zuckerberg made “metaverse” a popular term this year, Ninja Syndicate founder John Nguyen said it means something different for the gaming company.

“The metaverse is a digital economy…it’s a bigger world. It’s not just about putting on glasses and looking at graphics,” he said.

“It’s about participating in a community and contributing to it as well. We see it as a way for people to earn a living in a world apart.

A report by cryptocurrency investment firm Grayscale found that virtual gaming worlds could generate $400 billion in revenue by 2025.

With an increasing number of jobs at risk of being automated, Ninja Syndicate general manager Alex Dunmow said the metaverse will play a vital role in creating new professions.

“It sounds ridiculous at first glance, but you could wake up, log into that second world and do your thing. It could be as simple as farming in World of Warcraft,” he said.

Ninja Syndicate’s metaverse would appeal to both consumers interested in cryptocurrencies and casual gamers, Nguyen said.

Mr Dunmow said Supremacy would help bring attention to Perth’s booming tech sector, which “needs a company like Atlassian”.

“We need a big tech company here…we need a future where the state’s economy isn’t entirely dependent on resources,” he said.

Another successful WA tech company could encourage the state government to invest more in startups, Dunmow said.

“We know a few companies are doing cool stuff globally, but they’re not getting noticed…so the sector doesn’t look great from a government perspective,” he said.

The company – which has its office in East Victoria Park – has around 30 staff working on Supremacy, with most based in Perth.

Mr Dunmow said the company had no plans to move to the East Coast and would invest in hiring young talent.

“We’ve found that if you give a teenager an idea and a little help, they can do amazing things…we have a kid here right now building a game and we’re giving them the resources,” he said. -he declares. .

Ninja Syndicate said it sold over 75 million tokens for its metaverse, amounting to $2.5 million in a private presale.