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With NFT games booming, the traditional video game industry is starting to take an interest in Web3 development and is investing heavily in blockchain game companies. On October 4, Horizon Blockchain Games, a startup focused on developing Web3 games, raised $40 million in a Series A funding round with participation from major traditional video game companies such as Ubisoft and Take-Two Interactive. announced that it had raised $
The funding round was led by Brevan Howard Digital and Morgan Creek Digital. Investors across the Web3 industry and technology space participated including Polygon, Xsolla, BITKRAFT, Initialized Capital, Quantstamp, Everyrealm, Sky9 Capital, Round13 Capital, Xchange, Translink, CMT Digital and J17. However, it was Ubisoft and Take-Two that got the most attention from the gaming community.
Some of the most renowned video game franchises, such as Assassin’s Creed, Rainbow Six, Splinter Cell, and Far Cry, were created by Ubisoft. Additionally, we are making investments in the blockchain industry by implementing in-game NFTs and enhancing the security of the Tezos blockchain.
The Elder Scrolls, Grand Theft Auto, NBA 2K, BioShock, Max Payne, and other immensely popular games are produced by Rockstar, which is owned by Take-Two.
Fun and simple to use Web3
Aleks Larsen, the co-founder of Sky Mavis and Axie Infinity, Shopify CEO Tobias Lütke, Shopify VP of Product Acceleration Satish Kanwar, and co-founder Sebastien Borget are also participants in the fundraising round. It featured private investments made by influential people like Especially in the sandbox.
The money raised will be put to use improving the company’s goods and expanding its workforce in order to expand its ecosystem. Although the idea of blockchain may be confusing to some, Horizon focuses on creating intuitive Web3 solutions.
The next generation of video games and applications are made possible by our Series A, which gives us the ability to expand the Sequence ecosystem by luring additional developers to the platform.
Additionally, they plan to launch Niftyswap, a decentralized marketplace for semi-fungible tokens (SFTs), which will allow the exchange of Web3-based in-game items and metaverse collectibles, and improve the content of Skyweaver, the company’s flagship game, which Horizon claims has been dubbed “the best blockchain game.” Horizon Places Bets on Long-Term Web3 Growth
CEO and Co-Founder of Horizon, the business has always had a long-term perspective, therefore they carefully constructed “complementary products” like Sequence, Skyweaver, and Niftyswap so they could innovate and further develop their own ecosystem. With Skyweaver, we deliver a fun, strategic, and rich piece of content for gamers to enjoy; with Sequence, we empower developers to create the next generation of Internet experiences; and with Niftyswap, we facilitate the frictionless exchange of SFTs, which are positioned to become some of the most useful and traded virtual goods in the world.