funding Archives - Top Crypto Game https://topcryptogame.com/tag/funding/ The latest crypto news! Tue, 06 Aug 2024 13:56:52 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png funding Archives - Top Crypto Game https://topcryptogame.com/tag/funding/ 32 32 Curio raises $5.7 million to launch onchain wagering strategy game Duper https://topcryptogame.com/curio-raises-5-7-million-to-launch-onchain-wagering-strategy-game-duper/ https://topcryptogame.com/curio-raises-5-7-million-to-launch-onchain-wagering-strategy-game-duper/#respond Tue, 06 Aug 2024 13:56:52 +0000 https://topcryptogame.com/curio-raises-5-7-million-to-launch-onchain-wagering-strategy-game-duper/ Fully onchain game developer Curio has raised $5.7 million in a funding round co-led by its original lead investor Bain Capital Crypto, and SevenX Ventures. OKX Ventures also participated. With $2.9 million raised in 2023, this takes Curio’s total funding to $8.6 million.  Founded in 2022, Curio has previously launched 4X strategy game demo Treaty. […]

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Fully onchain game developer Curio has raised $5.7 million in a funding round co-led by its original lead investor Bain Capital Crypto, and SevenX Ventures. OKX Ventures also participated. With $2.9 million raised in 2023, this takes Curio’s total funding to $8.6 million. 

Founded in 2022, Curio has previously launched 4X strategy game demo Treaty. In conjunction with the recent funding news, the team has released season 1 of its flagship wagering strategy game Duper. Riding on the current rise of web3 wagering games, “poker for web3” Duper offers social team-play, where 5 players engage in 40 minute high-stakes matches. The game is browser-based and deployed fully onchain.

“While most crypto games attempt to imitate existing video games, we looked in another direction at classic board games and card games that are simple, infinitely re-playable, and integrate stakes with the game meaningfully, as part of the core game design. Because of this unique form factor, Duper is highly accessible,” commented Curio co-founder Kevin Zhang.

“We’ve worked with the Curio team since inception and continue to be impressed with their vision for how next generation games can leverage blockchain components,” said Bain Capital Crypto partner Stephan Cohen. 

“By focusing on emergent social dynamics and skill-based wagering, Curio combines the best elements of classic games like Poker and Mahjong with the immersive nature of video games.”

Discover more and start playing Duper by visiting the game’s website.

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]]> https://topcryptogame.com/curio-raises-5-7-million-to-launch-onchain-wagering-strategy-game-duper/feed/ 0 Saltwater Games gets funding from Animoca to integrate its L3 with Mocaverse https://topcryptogame.com/saltwater-games-gets-funding-from-animoca-to-integrate-its-l3-with-mocaverse/ https://topcryptogame.com/saltwater-games-gets-funding-from-animoca-to-integrate-its-l3-with-mocaverse/#respond Thu, 20 Jun 2024 12:54:31 +0000 https://topcryptogame.com/saltwater-games-gets-funding-from-animoca-to-integrate-its-l3-with-mocaverse/ UK-based web3 and XR gaming company Saltwater Games has announced it’s received funding from Animoca Brands. The funding was raised through a seed SAFT round –  short for Simple Agreement for Future Tokens – for Saltwater’s forthcoming XR token. The amount raised was not disclosed. Saltwater Games consists of three studios:  Nexus Labs – develops and […]

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UK-based web3 and XR gaming company Saltwater Games has announced it’s received funding from Animoca Brands. The funding was raised through a seed SAFT round –  short for Simple Agreement for Future Tokens – for Saltwater’s forthcoming XR token. The amount raised was not disclosed.

Saltwater Games consists of three studios: 

  • Nexus Labs – develops and publishes web3 games, 
  • Maze Theory – focuses on VR and spatial gaming, and
  • Saltwater Labs – dedicated to emerging technology in web3 and AI.

Following a previous grant from Arbitrum Foundation, Saltwater Labs built XR One, an Arbitrum Orbit L3 chain. XR One is set to be underpinned by the XR token, which will also be integrated across multiple web3 games, marketplaces, AI and UGC tools, and more.

In terms of the funding from Animoca Brands, it’s aimed at facilitating the integration of XR One with Animoca’s membership network Mocaverse. As such it will offer cross-community benefits aimed at enhancing various live-ops gaming experiences.

Saltwater Games announced a $5.5 million seed round in February 2024, at the back of acquiring game developers Maze Theory, Nexus Labs, and Quantum Interactive. Current games in Saltwater’s catalogue include Peaky Blinders: The King’s Ransom, Celeros, The Infinite Inside, and Resurgence.

Jenny started editing the Big Blockchain Game List in 2021; something that quickly sparked a passion for good blockchain projects and future possibilities for the whole industry.

Apart from editing BlockchainGamer.biz, she keeps busy cold-plunging, writing, deadlifting, drinking too much coffee and playing too few quirky onchain games.

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]]> https://topcryptogame.com/saltwater-games-gets-funding-from-animoca-to-integrate-its-l3-with-mocaverse/feed/ 0 GFAL takes total funding to $7.6 with seed round from Supercell and Mitch Lasky https://topcryptogame.com/gfal-takes-total-funding-to-7-6-with-seed-round-from-supercell-and-mitch-lasky/ https://topcryptogame.com/gfal-takes-total-funding-to-7-6-with-seed-round-from-supercell-and-mitch-lasky/#respond Mon, 29 Apr 2024 09:16:28 +0000 https://topcryptogame.com/gfal-takes-total-funding-to-7-6-with-seed-round-from-supercell-and-mitch-lasky/ Barcelona-based developer GFAL (Games for a Living) has announced a seed investment of $3.2 million, which takes its total funding to-date to $7.6 million. It also raised $4.4 million in pre-sales when it launched its GFAL token in March 2023. Notable investors in the round include Finnish mobile game developer Supercell, Benchmark Capital’s Mitch Lasky […]

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Barcelona-based developer GFAL (Games for a Living) has announced a seed investment of $3.2 million, which takes its total funding to-date to $7.6 million. It also raised $4.4 million in pre-sales when it launched its GFAL token in March 2023.

Notable investors in the round include Finnish mobile game developer Supercell, Benchmark Capital’s Mitch Lasky and ex-ESL MD Heinrich Zetlmayer.

GFAL is currently working on several games with its debut being RPG Elemental Raiders, which has been in soft launch testing on mobile and PC over the past 12 months.

Other titles include match-3 mobile game Diamond Dreams while it’s working with external studios to publish casual jumper Jump Pump, sports RPG Soccer Legends and strategy title Dead Zombie.

Co-founded by game veterans from King, Activision Blizzard, EA and Netflix in 2021, the funding round also reconnects execs from pioneering mobile publisher Digital Chocolate. Both GFAL’s CEO Manel Sort and Supercell’s CEO Ilkka Paananen worked at Digital Chocolate, while GFAL’s CSO Trip Hawkins was its CEO.

“I’ve had the pleasure of working together with the team earlier in my career. We are excited to be part of their journey and see all the great things they’ll achieve,” commented Paananen.

“Working on a project alongside Trip and Ilkka, with whom I shared many thrilling and successful years at Digital Chocolate, is a dream come true, and I can’t wait to show the world the high caliber of games we are building,” added Sort.

Find out more about its games via the GFAL website.

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]]> https://topcryptogame.com/gfal-takes-total-funding-to-7-6-with-seed-round-from-supercell-and-mitch-lasky/feed/ 0 $158 million in funding for blockchain and metaverse development https://topcryptogame.com/158-million-in-funding-for-blockchain-and-metaverse-development/ https://topcryptogame.com/158-million-in-funding-for-blockchain-and-metaverse-development/#respond Mon, 21 Aug 2023 10:34:37 +0000 https://topcryptogame.com/158-million-in-funding-for-blockchain-and-metaverse-development/ In the last week, nine companies in the crypto world have raised $158 million in funding from private investors: blockchain development companies and a metaverse developer stand out. Although the crypto market is still not very vibrant, work continues apace with many companies receiving financial incentives every week. Let’s go find out all the details […]

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In the last week, nine companies in the crypto world have raised $158 million in funding from private investors: blockchain development companies and a metaverse developer stand out.

Although the crypto market is still not very vibrant, work continues apace with many companies receiving financial incentives every week.

Let’s go find out all the details in the news.

The latest funding in the blockchain world: work in progress on layer-1 infrastructure and a metaverse creator

Last week we saw blockchain companies and metaverse developers receive $158 million in funding from various venture capital funds.

Crypto custody platform Bitgo earned the bulk of this investment by raising $100 million in a Series C round in which the names of those providing the money were not disclosed.

The company’s valuation now stands at $1.75 billion, about $500 million over the offer made by Galaxy Digital to acquire the custodian during 2021 (later withdrawn in August 2022).

BitGo CEO Mike Belshe said it will use the money to meet the growing global demand for crypto custody platforms, providing institutions, brands, and foundations with a seamless secure presence within the cryptocurrency ecosystem.

Other entities that have raised money from funding include blockchain Zetachain, which has earned a whopping $27 million.

VC names include Blockchain.com, Jane Street Capital, Human Capital, Vy Capital, and GSR.

Zetachain, an EVM-compatible layer-1 infrastructure, wants to depart from the fad of bridges and wrapped tokens and embrace a simpler, more interoperable future, giving users access to its services through a single platform independent of the blockchain they belong to.

The goal is indeed complex, given and considering that it is not a centralized platform but a decentralized network, however with $27 million in its pocket there are the prerequisites to work well.

Another blockchain company operating in the layer-1 context, Linera, also raised funding last week, adding $6 million to its portfolio during its latest seed round.

Investors include the names of a16z, Laser Digital Ventures, Matrixport, Flow Traders and GSR.

Linera, created two years ago by former Meta engineer Mathieu Baudet, aims to scale the blockchain world by adding parallel chains to its infrastructure rather than increasing block sizes or changing the cryptographic production system.

The funds raised by the company will mainly be used to expand its team and to launch a devnet and a testnet.

It is also very interesting to note the latest $13 million seed round closed in favor of ZTX, a metaverse platform run by Zepeto.

Venture capitalists Jump crypto, Collab+Currency, Parataxis and others firmly believe in the future of this blockchain creator, which wants to merge the gaming and metaverse contexts.

It seems that the experience in the field is not lacking, given the names behind the project, and we can now say that the capital to devote to the work is there as well.

The ZTX case: the Zepeto metaverse and the seed round led by Jump Capital

Zepeto, one of the leading companies in South Korea’s blockchain world valued at $1 billion, is investing heavily in the metaverse and NFTs.

Things are starting to get serious after the latest round the funding that its joint venture, ZTX raised under Jump Crypto’s wake.

A total of $13 million of the money has been invested by several VC signatures to expand Zepeto’s initiative by increasing adoption in the cryptocurrency world in Asia.

In detail, the company’s goal is to introduce the concept of “ownership” within the 3D worlds of the metaverse.

In fact, the “Genesis Home Mint,” which is a process in which the project’s community can mint an NFT representative of a 3D home that will give access to future drops, events, and game improvements, will be unveiled soon.

A total of 4,000 houses in the metaverse will be available, and the blockchain network hosting them will be that of Arbitrum.

Zepeto thus aims to compete with other dominant metaverse platforms in the web3 world such as The Sandbox, Decentraland, and Otherside.

Of note, last month the ZTX project started a private beta test of its upcoming platform by collaborating with Dust Labs, a company that works for the famous NFT DeGods and Y00ts collections.

The focus of the experiment was to provide the “Partner Wearables” community with all the tools to create 3D assets and objects within the metaverse, so they could get meaningful feedback on core and surface functionality.

ZTX co-CEO Chris Jang emphasized in a recent interview his startup’s commitment to “provide an infrastructure layer for creators” with a view to providing a framework for mainstream development of metaverse environments.

The ZTX team is certainly not a bunch of teenage nerds who are passionate about digital environments, and it features gentlemen who have worked for Apple, Roblox, Epic Games and EA, along with experts in the blockchain world who have built on Solana, Flow and Cosmos.

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