#43 - September 2024 Development update
Welcome to the 18th official newsletter from Merit Circle.
Welcome to the official newsletter from Merit Circle.
In our previous newsletter, we brought you Sophon farming, announced our event at Gamescom, a wide range of new games building on Beam and more updates from our studio projects such as Forgotten Playland and Flayer. Since then, we have more games committed to Beam, we look back at Gamescom and have a new treasury report to show you.
Important: the $MC token is migrating to $BEAM – This requires all holders to migrate their tokens on meritcircle.io/migrate – Full article here.
Read on for a summary of what’s been happening and what’s to come…
Three years of Merit Circle
How time flies. It’s remarkable to think that it was only 1095 days ago that the name “Merit Circle” first appeared in the digital arena. To say that a lot has happened and changed since then is an understatement — we’ve grown tremendously, brought you Beam through our keynote and positioned ourselves firmly within the gaming industry. While we’re proud of what we’ve achieved so far, we’ve only scratched the surface and our ambitions are far from realized.
Let’s take a moment to reflect on the three years so far, and look at what’s coming up in the future of Merit Circle & Beam.
Beam Goes Gamescom was a blast
At Gamescom, we hosted a side-event where we invited a wide range of Beam games to show their latest builds. During the night, we’ve had the honor of welcoming hundreds of gamers, game developers, infrastructure partners and investors. It’s been nothing short of wonderful, inspiration for future events!
Treasury report Q2, 2024 shows a 16,94% increase
We are delighted to share the second quarterly Treasury report of 2024.
During the past quarter, the Treasury increased from $201,252,368 as of March 31st 2024 to $235,350,991 as of June 30th 2024. This represents an increase of 16.94% compared to the previous quarter.
In Q2 2024, a total of 122,979,152 BEAM tokens were purchased and burned, at a value of $1,901,013.
Read the full report here
$MC to $BEAM token migration
We’re getting closer to the October deadline with only a few percentages of $MC that has yet to migrate over to $BEAM. As of today, 97.2% of all tokens have been migrated over, and only 15,967,0205 $MC remain untouched.
Still have your $MC? Migrate today at meritcircle.io/migrate.
New games building on Beam
We’re thrilled to continuously have a large influx of exciting games joining the Beam network. Following names such as TrialXtreme, Forgotten Playland, Castle of Blackwater, Edenhorde and many others we have recently added a variety of new games.
Conversation pieces with Pixelverse and Castle of Blackwater
We speak to one of Pixelverse’s principal figures to hear exactly how they’re executing this groundbreaking long-term vision.
Read the full article here.
Meet Jojo Meylaerts and Remo Vloet, the founders of Castle of Blackwater.
Read the full article here.
TrialXtreme raises $24M as they launch in India and the Philippines
TrialXtreme has successfully raised a total of $24M in their seed round, with an additional $11M extension led by @blockchaincap and @MeritCircle_IO. It comes together with the news that they have released the game in both India and the Philippines in a controlled way, already amassing more than 100,000 downloads.
Want to play yourself? Start today!
Together, we grow
As we wrap up the summer time, it’s been another two eventful months. It’s always motivating meeting dozens of passionate builders during in-person events, and using those moments to create plans for everything to come. As always, there’s a ton to come, and we can’t wait to share everything in the upcoming period.
Again, thanks everyone for your support. Together, we’re changing the game!
Our next newsletter will be sent early November 2024.