Chinese Game Company CMGE Partners with Metacene Producer Pangu to Advance Web3 Gaming Payment Innovation

China Mobile Games and Entertainment Group (CMGE), a leading global IP game operator, has announced a strategic partnership with Singapore-based Web3 and AI gaming platform developer Pangu. The collaboration marks a significant step in advancing Web3 payment solutions and promoting the adoption of Web3 gaming among traditional gaming audiences. Pangu, founded by renowned gaming figure Alan, will bring its expertise in decentralized gaming platforms to the table, while CMGE leverages its extensive IP and esports ecosystem to drive innovation and engagement.

The partnership will focus on several key initiatives. Pangu's latest title, "Cyber Crash," will serve as a focal point for transforming Web2 players into Web3 adopters through targeted campaigns and ecosystem integration. CMGE and Pangu will also work together to promote CMGE’s upcoming Web3 esports platform, KKFun Esports, which aims to provide competitive gaming experiences tailored to the Web3 community. These efforts are designed to create a seamless transition for gamers while expanding the reach of blockchain-based gaming technologies.

Pangu, a pioneer in Web3 gaming, has a proven track record of delivering successful products. Its flagship MMORPG MetaCene, developed using the Unreal Engine 5, generated $2.6 million in NFT and in-game revenue within its first three months, attracting a global audience of 600,000 core users. Another standout product, "Otherworlds," is the world’s first Web3 AI adventure game featuring AI-driven character personalities. The game has recorded over 5.2 million MAK tokens in earnings during a single season, showcasing Pangu’s innovative approach to blending AI and blockchain technologies.

CMGE, established in 2012, has built its reputation as a leader in IP-driven gaming. Known for developing and operating popular IP games like the iconic "Chinese Paladin" series, CMGE focuses on creating engaging content for fans worldwide. The company was the first Chinese mobile gaming firm to list on Nasdaq and later transitioned to the Hong Kong Stock Exchange in 2019. Its commitment to innovation continues to drive its expansion into Web3 technologies, making this partnership with Pangu a strategic move.

The collaboration between CMGE and Pangu highlights their shared vision for Web3 innovation and their complementary strengths. Together, they plan to enhance decentralized payment tools, support multi-wallet and multi-chain transactions, and integrate fiat-to-crypto conversion services with compliant virtual currency providers. These advancements aim to create a unified settlement layer that simplifies transactions for gamers and developers, further boosting the adoption of blockchain technologies in gaming.