Hychain Games said it will launch a closed beta of its Minecraft-inspired web3 video game Hytopia this month after the developer generated $8 million from a node sale, according to a statement. 

The company allows users to contribute to the security and functionality of its Layer 2 blockchain, also called Hychain, "while earning rewards from a pool of 250 million $TOPIA tokens," according to Hychain Games's statement. "Within just 48 hours of the node sale announcement, Hychain generated 2,098 ETH ($8 million at the time of the sale), with 254 ETH ($1 million) distributed among creators," it also said.

The web3 game developer first announced the node sale last month. Hychain Games was previously known as the Minecraft-based project NFT Worlds. The developer is using the Layer 2 …