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Telescope Labs, a London-based data analytics provider that specializes in predictive models and economic fundamentals to improve blockchain gaming, announced the launch of a suite of comprehensive tools to enhance Web 3 gaming. The latest developments aims to provide gaming companies with a cutting-edge solution that enables them to achieve sustainable virtual economies.
Vantage, a highly advanced economy-specialized LLM chat solution, is the first feature to be launched on Telescope Labs. The innovative tool is equipped with a natural language query interface that allows developed to seamlessly query and analyze data, generate additional insights and optimize their game economies. The solution will allow game companies a quicker and better approach to decision-making and building their games, “unlocking the full potential of their virtual economies”, a statement from Telescope Labs reads.
Phil Sanderson, Managing Director & Co-founder of Griffin Gaming Partners, one of the leading investors in Telescope Labs, praised Vantage’s qualities in advancing Web 3 game economies, stating the importance of building sustainable economies.
“Just like real-world economies, in-game economies must be balanced: if the inflow and outflow of in-game resources aren’t carefully managed, it could lead to hyperinflation or deflation,” said Phil Sanderson.
The increasing growth, participation and importance of virtual economies requires the platforms to have sustainable economies, hence the need for quality data analysis platform which play a huge role in helping companies understand their players. Poorly designed virtual economies create a disruption in the in-game experience, causing poor gameplay and possibly fleeing of players. Vantage allows game developers to leverage and analyze on- and off-chain data points, helping them derive invaluable insights that help them create an immersive and exciting in-game expreience.
Telescope Labs targets more partnerships in the future
Telescope Labs successfully raised a $2 million seed funding round in September last year, led by Griffin Gaming Partners and Kube VC. The investment aimed to create cutting-edge products and promote impactful partnerships for the data analytics provider. Adding to its groundbreaking innovation, Semih Gilan, CEO and Co-founder of Telescope Labs promised to establish strategic partnerships that empower developers, adding to a long-list of partnerships.
The company has had notable strategic collaborations with industry-leading game studios and initiatives such as Gamevolution, PlayEmber, Widow Games, and Pink Moon Studios.
“We believe Telescope Labs is pushing the boundaries of what can be achieved in Web 2.0 and 3.0, and we are all incredibly excited to utilize new data to build meaningful lifetime value with our users,” shared Hugo Furneaux, CEO of PlayEmber.
