Step into the premier repository of blockchain game investments, continually refined to provide an exhaustive catalog of backing for visionary game developers.
Cumulative Investments:
- 2023 (Year-to-Date): $1.1 billion
- 2022: $8.2 billion
- 2021: $4.3 billion
- 2020: $88 million
November 2023:
The creators of the Ethereum-based space odyssey, The Citadel, have successfully concluded a seed funding round amassing $3.3 million. Spearheaded by 1kx, notable contributors include Shima Capital, HASHED, Matchbox DAO, Ready Player DAO, and a cadre of angel investors. The funding ensures a robust runway for The Citadel team, securing the project’s continued development after two years in the making.
October 2023:
NEOM, the innovative Saudi city ecosystem, has forged a strategic alliance with Animoca Brands, committing a substantial $50 million via the NEOM Investment Fund. This collaboration involves the issuance of convertible notes and reinforces Animoca’s global and local web3 capabilities. Animoca’s recent $5.4 million seed funding, led by Gumi Cryptos Capital and Arcane Group, propels Moonveil’s ambition to establish an open gaming ecosystem with titles like Astrark and Project B in the pipeline.
Neon Machine, the powerhouse behind the eagerly anticipated PC shooter, Shrapnel, has secured a remarkable $20 million in a Series A round, building on its previous $10.5 million seed funding. Polychain Capital, Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures headline a distinguished group of investors. With a growing team of 70, Neon Machine is on track to release a paid first playable of Shrapnel by the close of 2023, with a free-to-play version slated for 2024.
In the same league, Hytopia, formerly known as NFT Worlds, has fortified its position with a $3 million funding injection, spearheaded by Delphi Ventures. The Minecraft-inspired platform is crafting its own gaming engine and creator tools, empowering users to shape voxel-style realms. Adding to its arsenal, Hytopia recently unveiled its l2 chain, Hytopia Mainnet. Confidence in these ventures underscores the dynamic landscape of blockchain game investments.
Uplandme, the US developer behind the innovative mobile-based monopoly-style metaverse Upland, has successfully secured an additional $7 million in its series A funding round. This brings the total funding to an impressive $25 million. The company, which had previously raised $18 million in 2022 from notable investors such as C3 Venture Capital and Animoca Brands, welcomed a new participant in this round – EOS Network Ventures.
The infusion of capital is strategically aimed at advancing Upland’s economy and enhancing its AI integration. Notably, Uplandme has ambitious plans, including the introduction of a new Ethereum-based ERC-20 token named Sparklet. A portion of the newly acquired funding will be allocated to listing the SPARK token on external exchanges.
Meanwhile, social gaming hub Forge is celebrating a successful seed round, securing $11 million led by Makers Fund, Bitkraft, and Animoca Brands. Hashkey Capital, Polygon Ventures, Formless Capital, and Adaverse also participated in the funding. Forge, through its gaming platform, seeks to connect gamers, rewarding their gameplay and contributions to the broader gaming community. The platform offers players the opportunity to engage in quests created by Forge’s game partners, such as Portal Fantasy, Genopets, Mojo Melee, Pixelmon, Rushdown Revolt, and The Sandbox. Interested players can sign up for the beta version on the Forge platform.
French developer Darewise Entertainment, a subsidiary of Animoca-owned company, has successfully raised $3.5 million through the pre-sale of tokens that will serve as the foundation for its upcoming Bitcoin-based ecosystem for the PC game Life Beyond. The investors involved in this pre-sale include notable crypto venture capital firms like Gamefi Ventures, London Real Ventures, Citizen Capital, and Blocore, along with Animoca Ventures and Animoca Brands’ executive chairman Yat Siu. Darewise aims to not only support economic activity within Life Beyond but also provide opportunities for brands to engage with the game and extend into real-world experiences. The token, developed in collaboration with ApeCoin advisory outfit Horizen Labs, is expected to launch in early 2024.
In the realm of blockchain gaming, German climate change-focused game Zeedz has secured a significant $1 million seed round, coinciding with the game’s launch on the Apple App Store and Google Play. The funding, led by the panelists of Die Hohle der Lowen (Germany’s version of Shark Tank), positions Zeedz for success. The game is currently accessible as a free-to-play experience or can be played with NFTs on the Flow blockchain.
Game of Silks, a blockchain horse racing project, has announced a successful series 2 seed round, securing $5 million and bringing its total funding to $10 million. Notable investors in this round include FunFair Ventures and racehorse retailer Taylor Made. Game of Silks mints NFT versions of real-world racehorses and ties rewards to their actual performance. The project has licensing deals with prestigious entities such as The Jockey Club, NYRA, Saratoga Race Track, and FOX Sports’ Americas Best Racing.
Wemade’s Singapore-based web3 subsidiary, Wemix, has made strategic investments in five Chinese blockchain game developers. This initiative, carried out in collaboration with Mirana Ventures through a joint fund dedicated to blockchain games, has seen $6.4 million of the total $30 million fund invested in five undisclosed games. These games will be integrated into the Wemix Play platform.
Paima Studios, a prominent blockchain gaming engine and developer, has received a significant boost with a $1.4 million grant from Cardano. The funds are earmarked for expanding its Autonomous World infrastructure and enriching its catalog of fully on-chain games. Paima Studios, known for its gaming-optimized Paima engine, not only provides services to other game developers but is actively developing titles such as RPG Tarochi, Wrath of the Jungle: Tower Defense, and Jungle Wars.
September 2023
Helsinki-based game startup Spectarium has confidently announced a successful $5 million seed round, spearheaded by Bitkraft, with key participation from Delphi Digital and Framework Ventures.
Founded by Romain Schneider, Mark Peterson, and Plarium co-founders Avi and Gabi Shalel, Spectarium boasts a dynamic team with talent from industry giants such as EA, Epic Games, Riot Games, and Square Enix.
The company’s ambitious cross-platform RPG, Myths, dubbed as web2.1, is poised for a soft launch in 2024.
Proof of Play, a US-based developer, has demonstrated its prowess by securing an impressive $33 million in a seed round for its on-chain turn-based RPG, Pirate Nation. The round, led by a16z and Greenoaks, saw substantial support from Anchorage Digital, Mercury, Firebase, Zynga, Alchemy, and notable individuals like Naval Ravikant, Balaji Srinivasian, and former Twitch CEO Emmett Shear.
Mythic Protocol, based in Singapore, has confidently announced a $6.5 million seed funding round, led by Shima Capital and Indonesian outfit Alpha JWC. With support from Saison Capital, GDV Venture, Arcane Group, Korean web3 gaming entities Planetarium and Marblex, and others, Mythic Protocol is strategically allocating funds to propel its collaborative action-shooter RPG, Riftstorm, and develop its creator platform, Dumb, along with the DeFi product Legacy.
GamePhilos, a Singapore-based game studio, proudly declared an $8 million seed funding round led by Xterio, Chain Hill Capital, Animoca Ventures, and SevenX Venture. Hashkey, Sanctor, Game7, Bas1s, GSR, and GSG Ventures also contributed to this substantial funding, which GamePhilos plans to utilize for its mobile and PC strategy Age of Dino 4X game.
In a significant move, leading web3 gaming company Animoca Brands confidently announced a $20 million funding round for its NFT collection, Mocaverse. With CMCC Global leading the charge and support from Kingsway Capital, Liberty City Ventures, GameFi Ventures, and notable individuals such as Aleksander Larsen and Gabby Dizon, this funding is earmarked for product development and web3 adoption of the Mocaverse project. Animoca Brands envisions a decentralized, collaborative community through the DAO-based approach of Mocaverse, emphasizing innovation and collaboration across its broader ecosystem. The funding will play a crucial role in expanding Animoca Brands’ influence and supporting the upcoming launch of Mocaverse’s non-transferable NFT collection, Moca ID. This innovative collection enables users to build on-chain identities, offering access to social and playable experiences in the Mocaverse ecosystem while earning loyalty points for engagement. Animoca Brands co-founder and executive chairman Yat Sui confidently stated, “The ongoing evolution of the Internet involves a shift from hierarchical power structures to autonomous ones, and the DAO-based approach of Mocaverse ensures that its community will be focused on driving innovation and collaboration across the broader Animoca Brands ecosystem.”
August 2023
In a resounding display of confidence, Turkish game developer Hungri Games proudly declares a successful $1.9 million seed round, boasting an impressive valuation of $23 million. Established in 2019 with a track record in creating popular free-to-play mobile titles, Hungri Games has shifted its focus to the exciting realm of web3 games. One of its highly anticipated projects is the Polygon-based horse racing RPG, Metahorse Unity, set to unleash its first NFT mint on August 31.
Leading the charge in this funding round is local investor Bogazici Ventures, a familiar face that, along with UA outfit Triple Dragon, had previously invested in the company’s 2019 funding round. Notable contributors to this round include local incubator Roko Finance, Presto Labs, and a lineup of distinguished angels such as Sebastien Borget from The Sandbox, as well as Erol Ozmandiraci, Oyunfor Tanriverdi, and Caglan Tanriverdi, all of whom have previously collaborated on projects with Hungri Games. This latest funding success serves as a testament to Hungri Games’ unwavering commitment to innovation and the promising future of its web3 gaming ventures.
July 2023
Delabs, the South Korean web3 developer, has proudly announced the successful closure of a $4.7 million seed round, led by the esteemed local VC Hashed. Noteworthy contributors to this funding include prominent entities such as local developer Planetarium (Nine Chronicles), Polygon Labs, Spartan Ventures, and Merit Circle. As an integral part of web2 developer 4:33, Delabs is actively engaged in the development of three blockchain games, with the highly anticipated Rumble Racing Star among them.
Meanwhile, Eyeball Games, a Singapore-based game developer, has triumphantly concluded a pre-seed funding round amounting to $1.5 million. The leading force behind this funding is White Star Capital, with participation from Polygon Ventures, Immutable, and Singaporean VCs Ocular and GSG Ventures. Renowned for their success with 8 Ball Pool, the Eyeball Games team is currently channeling their expertise into the web3 title Eyeball Pool, set to migrate to Immutable’s Polygon-based zkEVM platform.
In another remarkable development, Pangu Software, a Singapore-based developer, has secured an impressive $5 million in a seed round for its MMORPG MetaCene. SevenX Ventures and Hash Global led this funding round, with noteworthy participation from WeMade, MixMarvel DAO Venture, Emurgo, Sinovation Ventures, and LK Venture. MetaCene is poised to make history as the first game deployed on the Rangers sub-chain, with an eagerly anticipated launch scheduled for Q4 2023. The development team expressed their vision, stating, “Our focus on player-centric entertainment, governance, and creation creatively combines the Web2 and Web3 elements, fostering a next-generation blockchain game. Our approach has garnered support from both Web3 and Web2 firms, signaling the potential for MetaCene to revolutionize the gaming industry.”
In a significant move, Binance Labs, the VC and incubation arm of Binance, has demonstrated confidence in the future of web3 gaming by investing $15 million in Xterio, a prominent web3 gaming platform and publisher. Xterio plans to utilize this funding to advance game and tech development, with a specific focus on integrating AI and launching its tokens. The distinguished executive team at Xterio comprises leaders from FunPlus, Electronic Arts, Activision Blizzard, Krafton, Jam City, and NetEase. Head of Binance Labs, Yi He, expressed optimism, stating, “The Xterio core team brings together experienced web2 professionals with web3 expertise, and we look forward to closely working with them to allow gamers around the world to experience rich on-chain gameplay.”
June 2023
Pixion Games, based in London, proudly secured $5.5 million in funding to finalize and launch its highly anticipated mobile RPG, Fableborne. Notable contributors in this funding round include previous backers Shima Capital and Eldridge, along with VGC Partners, Zee Prime, GSR, and Mechanism Capital. Additionally, esteemed DAOs such as Merit Circle and ReadyPlayerDAO participated, along with the Avalanche ecosystem fund Blizzard and Avalaunch. Fableborne, set to debut on the Avalanche blockchain, is currently engaging its community through closed playtests. As an asynchronous game, it promises a dynamic mix of PVE and PVP elements, with the Pixion League standing out as a pivotal feature for top-tier rewards based on leaderboards and ladder placement.
Anichess, the Web3 chess game, proudly concludes its seed round with an impressive $1.5 million in funding. Among the enthusiastic investors are GameFi Ventures, The Operating Group, Koda Capital, Bing Ventures, 708 Capital, Asymmetry Capital, and others. Developed as a subsidiary of Animoca Brands in collaboration with Play Magnus Group and its Champions Chess Tour, owned by the renowned Chess.com platform, Anichess is gearing up for its alpha launch in Q1 2024. The funding will propel Anichess in its mission to create a decentralized chess game infused with esports elements, showcasing skill and strategy.
Cat Paradise, a Web3 game supported by game developer Pluto Games, has successfully raised nearly $1 million in seed funding, based on an impressive $15 million valuation. Key investors, including Mask Network and Moon Capital, have shown confidence in the play-to-earn game running on the TON blockchain. The funds raised will be dedicated to advancing on-chain technology, expanding the development team, and executing effective marketing strategies.
Decentralised Gaming Ventures, a Web3 game incubator, proudly announces a substantial investment, described as a ‘seven-figure’ sum, from South Korean VC Hashed. Operating from Singapore, Decentralised Gaming Ventures is committed to fostering the growth of promising game developers in the broader SEA region. Their approach involves acquiring independent studios, providing mentorship, facilitating collaborative development, and offering access to intellectual property.
HyperPlay, the web3 game store launcher, and aggregator initiated by Game7 DAO and MetaMask, has successfully secured $12 million in series A funding. The round was co-led by Griffin Gaming, Bitkraft Ventures, and ConsenSys, with additional contributions from Ethereal Ventures, Delphi Digital, Game7, Mirana Ventures, and Monoceros Ventures. Currently in early access, HyperPlay’s innovative game launcher allows players to seamlessly integrate their wallets, tokens, NFTs, and other assets through an integrated wallet overlay.
Argus Labs, securing $10 million in a seed round led by Haun Ventures, is poised to propel the development of fully onchain games. Noteworthy investors such as Alchemy, Anagram, Dispersion Capital, and Robot Ventures, along with prominent angels like Alan Luo, Balaji Srinivasan, and Kevin Aluwi, express confidence in Argus Labs’ mission. The web3 SDK is in private beta, showcasing the collective expertise of hackers and designers previously involved in the groundbreaking fully onchain game, Dark Forest.
Illuvium, the Australian developer, continues its journey with an additional $10 million in funding from lead investor Framework. This funding injection will support the team as they approach the open beta for their immersive open-world experience, Illuvium: Beyond. Simultaneously, they are working on the resource game Illuvium: Zero and the autochess game Illuvium: Arena. To date, Illuvium has raised an impressive $15 million in formal VC funding, building on its initial $5 million seed announced in March 2021, and subsequently attracting at least $130 million from various NFT and token sales.
May 2023
Loot Labs proudly declares the successful completion of a $1.5 million pre-seed funding round for its innovative Boxed.gg loot box platform. Bitkraft spearheaded the round, joined by esteemed investors Polygon Ventures, Mechanism Capital, Lofty Ventures Syndicate, and the renowned Twitch streamer Hammoudi ‘Yassuo‘ Abdalrhman, boasting an impressive following of 2 million on the platform.
Building on the success of TCG Royale and its trading card mystery boxes, Loot Labs is poised to revolutionize the market by introducing NFT mystery boxes. This groundbreaking platform will transparently display the odds of unboxing each NFT, ensuring unprecedented levels of fairness and openness.
CEO Milan Harris and CTO Matthew Genova, both previously involved in Cool Cats’ game initiative, lead Loot Labs as co-founders, bringing a wealth of experience and expertise to the venture.
BoomLand, a cutting-edge web3 game developer, proudly announces the closure of a $1 million pre-seed funding round. Currently focusing on its debut title, the mobile battle royale “Hunters On-Chain,” currently in testing on Polygon Mumbai’s testnet, BoomLand plans to launch the game on mainnet in the summer of 2023.
Investors in this exciting venture include Polygon, Magic Eden, Game7, and Hyperithm, highlighting the strong support and confidence in BoomLand’s vision and capabilities.
Openfort, a pioneering web3 gaming infrastructure platform, secures $3 million in seed funding to empower game developers in providing players with a seamless wallet experience through frictionless technology. The startup’s innovative SDKs and APIs enable game studios to create and manage fully customizable on-chain accounts, allowing players to enjoy games and applications without the need for prior knowledge of wallet concepts.
Gumi Cryptos and Maven 11 co-lead the seed funding round, with participation from notable investors such as Pear VC, Game7, Newman Capital, Arcane, NGC, and others, underlining the widespread industry support for Openfort’s groundbreaking approach.
Arena of Faith, a web3 MOBA, triumphantly secures $1.75 million in a seed funding round led by ChainHill Capital, a prominent digital asset investment group based in Asia.
In collaboration with Polygon, South Korean game publisher Neowiz introduces a $10 million gaming accelerator grant program for blockchain games within its Intella X web3 gaming ecosystem. The program, operating on Polygon, offers a straightforward application process with a commitment to providing feedback within 2-4 weeks, following a first-come, first-served basis with no restrictions on grant size. This initiative positions Neowiz as a key player in fostering innovation and growth within the blockchain gaming sector.
April 2023
Scytale Digital, a German blockchain tech investor, has injected $20 million into Mythical Games, the creator of Blankos Block Party, recently launched NFL Rivals, and the upcoming Nitro Nation: World Tour. As part of the agreement, Mythical Games will shift its Mythical Chain to Polkadot and establish a Mythos ecosystem on the Polkadot network.
Mark Cachia, founder and CIO of Scytale Digital, emphasized, “In choosing Polkadot, Mythical Games now has a solid foundation of innovative and top-performing tech to lean on and will be able to focus on what they are great at – games.”
TinyTap, a subsidiary of Animoca brands and a prominent edtech platform for user-generated educational games, has successfully raised $8.5 million. Investors include Sequoia China, Liberty City Ventures, Kingsway Capital, Shima Capital, Polygon, GameFi Ventures, among others. This funding will support TinyTap’s transition from a web2 to a web3 education system and expedite development in the edtech space.
SuperDuperSecret Co., a gaming company, secured over $1 million in a pre-seed round with investors such as Round 13 Digital, Merit Circle, Polygon, Solana, Overwolf, Big Brain Holdings, LD Capital, and notable angels like Sebastien Borget (The Sandbox COO) and Gabby Dizon (YGG). The company plans to debut with the multiplayer battle royale game Royale Chess, and Royale Chess: Elements is their inaugural NFT collection.
Swedish game developer Goals has garnered a $20 million Series A funding round led by Alexis Ohanian’s Seven Seven Six. The funds will be used to develop the soccer game “Goals,” designed for both casual fans and aspiring esports professionals, emphasizing fun, fast, and fluid gameplay. Other participants in the funding round include Northzone, Moonfire, and Cassius.
Krafton and Naver Z are jointly investing $37 million (KRW 48 billion) into Migaloo, initially Krafton’s metaverse project, now forming a joint venture in North America. Migaloo, a “create-to-earn” project, combines Krafton’s gaming expertise with Naver Z’s metaverse experience, social networks, and IP partnerships.
Indian mobile game developer Mayhem Studios has raised $20 million to expand its battle royale shooter “Underworld Gang Wars” and other titles. The funding round, led by Sequoia India, included participation from Steadview Capital, Truecaller, and ex-EA CCO Bing Gordon, now chief product officer at Kleiner Perkins.
StarkWare has strategically invested in Unstoppable Games, the developer of the space MMO Influence, to create on-chain games on Starknet, their layer 2 scaling technology. Chris Lexmond, founder of Unstoppable Games, expressed, “StarkWare’s equity investment in Unstoppable Games strengthens our alignment and reaffirms their confidence in the impact that gaming will have on Starknet’s growth.”
March 2023
Hadean has successfully secured an additional $5 million in funding, augmenting its initial $30 million investment in metaverse infrastructure.
The funding round saw participation from notable investors, including Ericsson Ventures, Metrea Discovery, Sanctor Capital, Tirta Ventures, and VU Venture Partners.
In a significant development, CCP Games, a subsidiary of South Korean publisher Pearl Abyss, has raised a substantial $40 million to develop a blockchain game set in the EVE Online universe. The funding round was spearheaded by a16z, with contributions from Makers Fund, Kingsway Capital, Nexon, Hashed, and other key players.
CCP Games has expressed a keen interest in blockchain technologies, particularly in fostering user-generated content and peer-to-peer marketplaces. However, it clarified that this technology would not be integrated into EVE’s primary Tranquility server.
October 2022
Horizon Blockchain Games proudly unveils a successful $40 million Series A funding round, with influential leadership from Brevan Howard Digital and Morgan Creek Digital. Noteworthy participation comes from gaming industry giants Ubisoft and Take-Two Interactive.
Meanwhile, Mystic Games, based in Berlin, has secured an impressive $1.3 million in seed funding. This substantial backing was led by Shima Capital and 32-Bit Ventures, with additional support from SevenX, TA Ventures, crypto exchange MEXC, and the esteemed angel investor Joe Mahon (YGG).
Comprising seasoned professionals from King, Bigpoint, and Voodoo, the Mystic team is passionately developing the mobile web3 rogue-like game, Call of the VoYd. Currently undergoing live gameplay testing in its genesis (non-NFT) version, the game is available on both Google Play Store and Apple App Store.
December 2021
Yield Guild Gaming’s southeast Asia subDAO, YGG SEA, confidently secured $15 million in seed funding through two successful raises. The initial investment came from YGG and Infinity Ventures Crypto in August, followed by significant contributions from Crypto.com Capital, Animoca Brands, MindWorks Ventures, Poloniex, Jump Capital, and Sembrani Kiqani by BRI Ventures in November.
A notable array of investors joined this strategic funding, including Circle, Digital Currency Group, Hashed, Polygon, Bukalapak, United Overseas Bank (UOB) Venture Management, Arca Funds, Evernew Capital, OKEx Blockdream Ventures, Yolo Ventures, SevenX Ventures, LongHash Ventures, Hashkey Group, Morningstar Ventures, Rise Capital, Dialectic, SweeperDAO, PetRock Capital, DNC Ventures, FBG Capital, and Emfarsis.
With this robust financial backing, YGG SEA is poised to establish its play-to-earn (P2E) operations in Indonesia, Vietnam, Singapore, and Thailand. The guild will actively support locally developed P2E games in each country, strategically acquiring game assets for the optimal benefit of its player base.
November 2021
Blockade Games, a seasoned US blockchain game developer, has successfully secured $5 million at an impressive $23 million valuation. Demonstrating its commitment, the company has been diligently crafting its squad RPG Neon District since 2018, having previously completed multiple successful seed rounds.
This latest funding round was spearheaded by Animoca Brands and Digital, with influential figures like Drew Austin (Redbeard Ventures), Roham Gharegozlou (Dapper Labs), Keith Grossman (TIME), and Meltem Demirors (Coinshares) contributing as angel investors.
The roster of supporters extends further, encompassing Flamingo DAO, Galaxy Interactive, and the continued support of existing investors such as Xsquared Ventures and Polygon.
In a significant Series B achievement, Forte has amassed an impressive $725 million, elevating its total funding to a remarkable $900 million. Sea Capital, the investment arm of Free Fire publisher Sea, and Kora Management took the helm in leading this remarkable round.
Joining forces in support were prominent names including Animoca Brands, Big Bets (Huuuge Games), Overwolf, Playstudios, Warner Music Group, zVentures (Razer), and blockchain partners Cosmos, Polygon Studios, and Solana Ventures. Notable investors like Griffin Gaming Partners, Andreessen Horowitz (a16z), and Tiger Global also participated, highlighting the broad spectrum of confidence in Forte’s vision.
Mythical Games has marked a significant milestone with a Series C funding round netting an impressive $150 million, valuing the company at $1.25 billion. The lead in this round was taken by Andreessen Horowitz, with support from D1 Capital, RedBird Capital, The Raine Group, various US sports groups, and existing investors. This round propels Mythical Games’ total funding to $270 million for its blockchain gaming platform, which has recently unveiled its first three development partners.
US startup Faraway has made waves by announcing a substantial $21 million Series A round, bringing its total funding to an impressive $30 million. Lightspeed Venture Partners took the lead in this round, with participation from notable investors such as Andreessen Horowitz, Sequoia, Pantera Capital, and Jump Capital. Faraway’s debut game, the browser-based shooter Mini Royale: Nations, has already gone live and will soon integrate NFTs and tokens onto the Solana blockchain.
Uplandme is celebrating a successful funding round, securing $18 million to scale its mobile blockchain game Upland. The funding round, led by Animoca Brands, C3 Management, OneTeam Partners, and Block.one, places the company’s valuation at $300 million, underscoring the widespread belief in the potential of Upland.
October 2021
Parallel, the NFT-based sci-fi game, has successfully secured $50 million in funding at an impressive $500 million valuation, with Paradigm leading the funding round. Notably, key existing investors like Gabe Leydon, Polygon, and NFTBigBrain also actively participated in this round.
Currently boasting a substantial NFT trading volume surpassing $125 million, Parallel has seen remarkable success, with its highest-priced card fetching an impressive $1.1 million. The project, taking a 10% cut from each transaction, has already accumulated $12.5 million in ETH.
This substantial funding injection will empower Parallel to expand and enhance its Trading Card Game (TCG) design, depicting the intricate conflict between five distinct groups – or Parallels – representing the far future of human evolution.
In a parallel development, Vorto Gaming, the developer behind Hash Rush, has secured a noteworthy $4 million in funding to further develop its games and platform ecosystem, which operates on the NEAR blockchain. Investors in this round include Flow Ventures, LD Capital, Block0 Fund, Daedalus Syndicate, NEAR Foundation, and others, including contributions from Red Cave Ventures, ArkStream Capital, GFS Ventures, Polygon Studios Fund, as well as funds from the UAE and Hong Kong.
Vorto Gaming has recently demonstrated its fundraising prowess by generating an additional $100,000 through an NFT sale for Hash Rush, set for a full public launch in early 2022.
Meanwhile, Animoca Brands has boldly raised $65 million by issuing new shares, achieving a remarkable $2.2 billion valuation. This follows its earlier success in 2021, where it raised $139 million on a $1 billion valuation. The funding round attracted a diverse group of investors, including Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Token Bay Capital, and many others.
Lastly, Sky Mavis, the developer of Axie Infinity, has concluded an impressive Series B round, securing $152 million and reaching a substantial valuation of $3 billion. Andreessen Horowitz (a16z) led the round, with noteworthy participation from Accel, Paradigm, Seven Seven Six, FTX, Fabric, Samsung Next, and other key investors. This latest funding brings Sky Mavis’ total venture capital funding to an impressive $161 million.
September 2021
Dapper Labs has achieved a significant milestone by securing an impressive $250 million at a valuation of $7.6 billion. This latest funding round, led by steadfast supporters Coatue and Andreessen Horowitz (a16z), alongside new contributors like Google’s GV, Bond Capital, and the Singapore government’s GIC, follows a previous round in March 2021 that raised $305 million. Dapper’s total investment now stands at an impressive $607 million, underscoring the sustained confidence and enthusiasm from the investment community.
In a groundbreaking move for the French tech scene, Sorare has announced an astounding $680 million Series B round for its fantasy soccer game, marking both the largest investment in French technology and the biggest Series B funding in Europe. SoftBank led the round, with notable participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP, Liontree, and existing investors. Sorare intends to leverage this substantial investment to expand its team, venture into the mobile space, and introduce new games covering diverse sports.
Stardust, a US startup with a vision to empower game developers in the blockchain space, has successfully raised $5 million in a Series A round led by Framework Ventures. The round saw participation from influential investors such as Kleiner Perkins, Blockchain Capital, Distributed Global, Maven 11, G1.vc, OP Crypto, Redbeard Ventures, as well as angel investors like Piers Kicks, Gabby Dizon, Sebastien Borget, and Nikil Viswanathan. Stardust’s platform, facilitating the creation of blockchain games across Polygon, Solana, Immutable X, and Flow, offers easy fiat onboarding and multi-party wallets through Fireblocks.
Immutable, an Australian powerhouse, has closed a remarkable $60 million Series B funding round co-led by Bitkraft Ventures and King River Capital. The impressive list of participants includes Prosus Ventures, Galaxy Interactive, Fabric Ventures, Alameda Research, AirTree Ventures, Reinventure, Apex Capital, and Gary Vee’s VaynerFund. Immutable plans to utilize this substantial investment to scale its games Gods Unchained and Guild of Guardians and further develop the ecosystem around its Immutable X platform, a seamless L2 solution for Ethereum powered by StarkWare’s technology.
Zebedee, a UK-based Bitcoin payment platform, has secured $11.5 million in funding, with Lakestar leading the investment alongside Initial Capital, New Form Capital, and TVP. Notable existing investors, including Collab+Currency, Cadenza Capital, and Fulgur Ventures, also participated, along with angel investors Hilmar Petursson, Chris Lee, Alexis Bonte, Timo Soininen, and John Salter. Zebedee stands out by utilizing the Lightning Network to enable nanotransactions as low as 1 Satoshi, positioning itself as a key player in the evolving landscape of Bitcoin payments.
August 2021
Yield Guild Gaming, a prominent blockchain gaming community, has successfully secured $4.6 million in a recent financing round, building on the momentum of its $12.5 million YGG public token sale and a $4.5 million Series A. The round was spearheaded by Andreessen Horowitz (a16z), with notable participation from Kingsway Capital, Infinity Ventures Crypto, Atelier Ventures, and gaming entrepreneur Gabriel Leydon.
In a robust financial move, Thirdverse has raised an impressive $20 million in what they term a combined Series A and B round. JAFCO, their existing lead investor, took the lead in this investment, joined by prior backers Presence Capital, Sisu Ventures, and Incubate Fund. Notably, Animoca Brands joined as a new investor for this round. Tokyo-based Thirdverse stands at the intersection of virtual reality and blockchain, with their initial game, Swords of Gargantua, already making waves, and two new games currently in development.
In another noteworthy development, Planetarium has secured $2.6 million in a strategic “growth round” to propel the expansion of its idle PC game, Nine Chronicles. Animoca Brands and Divergence Ventures took the lead in investments, with support from IDEO CoLab, Sfermion, Hypersphere Ventures, SkyVision Capital, and influential individuals such as Axie Infinity co-founder Jeffrey Zirlin and Aave CEO Stani Kulechov. The infusion of funds will be instrumental in scaling the game, with a particular focus on the release of a lite client for mobile and the seamless integration of the game’s NFTs and NCG cryptocurrency with the Ethereum platform.
July 2021
Horizon Blockchain Games has successfully secured $4.5 million in a pre-Series A round SAFE investment, underscoring the strong support from key backers such as Bitkraft Ventures, CMT Digital, The Xchange Company, Khaled Verjee, and Zyshan Kaba.
Building on its earlier success with a $5 million seed round in 2019 and 2020, Horizon is renowned for its Ethereum-based TCG SkyWeaver, currently in beta. In addition to this flagship product, Horizon is actively promoting its Sequence blockchain tools, including a cutting-edge crypto wallet.
In a significant move, OpenSea, the NFT marketplace, has raised an impressive $100 million in its Series B investment round, with leading contributions from Andreessen Horowitz (a16z). Other notable participants include Coatue, Michael Ovitz, Kevin Hartz, Dylan Field, Kevin Durant, Ashton Kutcher, and Tobie Lutke. This round follows OpenSea’s previous success in securing $23 million in March 2021, led by Andreessen Horowitz, leveraging the continuous growth of NFT projects like Meebits and Bored Ape Yacht Club on the Ethereum blockchain. Notably, OpenSea facilitated $160 million in trading during June 2021, with a 2.5% transaction fee.
Adding to its recent funding, Animoca Brands has expanded its financial backing with an additional $50 million, bringing the total for the round to $138,888,888. The impressive list of investors includes Scopely, Razer’s zVentures, Samsung Venture Investment Corporation, Coinbase Ventures, and various prominent Asian institutional funds.
In the realm of blockchain esports, Community Gaming has secured a substantial $2.3 million in a seed round. The funds will be strategically utilized to fuel the company’s expansion into Latin America and South East Asia. Notable investors in this round include CoinFund, Dapper Labs, Animoca Brands, Play Ventures, and Hashed. The backing also features key players such as Thirty Five Ventures by Kevin Durant, WorkPlay Ventures by Mark Pincus, WhaleShark, and Kevin Chou from Forte. This strategic investment positions Community Gaming for significant growth in emerging markets.
June 2021
Mythical Games has successfully concluded a robust Series B funding round, securing an impressive $75 million in investments. The round was spearheaded by WestCap, with notable participation from 01 Advisors, Gary Vaynerchuk’s VaynerFund, and our steadfast existing investors.
This substantial injection of capital brings Mythical’s total funding to an impressive $150 million, highlighting the resounding confidence in our vision and endeavors. Notably, our debut game, Blankos Block Party, has entered the early access phase, with the marketplace currently undergoing closed alpha testing.
Beyond the expansion of Blankos to various platforms, including consoles, this strategic investment empowers Mythical to fortify its blockchain game platform and introduce new, innovative products to the market. As we continue this exciting journey, based in Seattle, we have grown our team to over 100 dedicated professionals and are actively seeking new talent to join our dynamic organization.
May 2021
Forte, the blockchain gaming platform, has successfully secured an impressive $185 million in its Series A funding round, demonstrating strong investor confidence. Notable contributors to this substantial investment include Galaxy Interactive, Horizons Ventures, Iconiq Capital, and Tencent.
In a parallel success story, Animoca Brands has achieved a remarkable funding milestone by generating $88,888,888 through the issuance of 93.4 million new shares. This valuation has propelled the company to a significant $1 billion, attracting investments from reputable entities such as Kingsway Capital, RIT Capital Partners, HashKey Fintech Investment Fund, and many others.
With this latest round, Animoca Brands has now raised a total of $106 million through a combination of traditional venture capital, as well as token and NFT sales. The infusion of fresh capital is strategically earmarked for further acquisitions, product development, ongoing strategic investments, and the acquisition of additional intellectual property licenses.
Sky Mavis, the developer behind Axie Infinity, has also achieved a noteworthy feat by securing $7.5 million in its Series A round, with backing from prominent investors, including the renowned US billionaire Mark Cuban. Previous successful fundraising events, which encompassed token sales and venture capital, had already garnered over $5 million for Sky Mavis. With a current staff of approximately 20, the company has ambitious plans to double its headcount in the coming months.
Hailing from Vietnam, Sky Mavis is actively working on expanding the infrastructure supporting Axie Infinity. The recent launch of its Ronin sidechain is a significant step, enabling the utilization of Ethereum-based NFTs and tokens without the burdensome transaction fees associated with the Ethereum mainnet. The successful funding rounds for Forte, Animoca Brands, and Sky Mavis reflect a robust and optimistic outlook for the future of blockchain gaming and related technologies.
April 2021
Polyient Ventures has boldly invested a substantial $500,000 in Exordium, the publisher behind the groundbreaking game Infinite Fleet. This strategic move is part of Exordium’s security token offering, an initiative that has impressively garnered over $3.7 million in support.
Polyient Ventures has consistently demonstrated its confidence and prowess in the blockchain gaming arena, having previously made impactful investments in Gala Games and Blockade Games, the mastermind behind Neon District.
Meanwhile, Animoca Brands has triumphed in the NFT space, securing an impressive $9.3 million through the sale of digital assets in two of its premier games – The Sandbox and F1 Delta Time.
The Sandbox flexed its market dominance by generating a remarkable $5.9 million, facilitated through the sale of Land NFTs, with transactions occurring through its SAND token. Notably, a portion of these transactions employed a fixed pricing model, while others engaged in dynamic auctions via the OpenSea platform.
F1 Delta Time, on the other hand, achieved remarkable success by selling 300 NFTs, representing components of its officially licensed F1 racing tracks, for an impressive $3.4 million. The payments for these transactions were seamlessly executed through its REVV token.
Both of these groundbreaking projects chose the Ethereum blockchain as their initial launchpad, signaling a robust start to their NFT endeavors. However, it’s worth noting that plans are underway to expand their presence onto other blockchains later in 2021, further solidifying their confident strides in the evolving landscape of blockchain gaming and NFTs.
March 2021
Enjin, the Singapore-based entity, proudly announces the launch of its Efinity blockchain as a Polkadot parachain, marking a significant stride in blockchain technology.
In a highly successful private sale of the EFI token, Enjin achieved a remarkable milestone by raising $18.9 million. This impressive funding round was spearheaded by influential entities such as Crypto.com Ventures, DFG Group, and Hashed. Noteworthy participation also came from Blockchain.com Ventures, Arrington XRP Capital, Kenetic, and a diverse array of other esteemed firms and individuals.
Dapper Labs, in a testament to its prominence, secured an impressive $305 million in a funding round led by Coatue. The investment circle featured over 30 NBA, NFL, and MLB athletes, entertainment moguls, and cultural influencers. Key backers included The Chernin Group, Andreessen Horowitz, Venrock, USV, and Version One.
Demonstrating the growing significance of blockchain gaming, Dacoco, the developer behind Alien Worlds, achieved a notable $2 million in a private sale of the game’s Trilium (TLM) token. The Wax blockchain-powered idle mining game currently stands as the second most popular blockchain game, boasting a considerable daily active unique wallet count. Investors in this venture included Animoca Brands, Longling Capital, 3Commas, and Digital Assets Group.
OpenSea, a leading NFT marketplace, proudly announces a substantial $23 million in its latest funding round, with Andreessen Horowitz taking the lead. The roster of participants comprises previous investors and notable figures such as Mark Cuban, Naval Ravikant, Tim Ferris, and Alexis Ohanian.
In a testament to the global reach of blockchain innovation, Australian startup Illuvium secured $5 million from Framework Ventures for its Unreal Engine game, aptly named Illuvium. Co-founded by Kieran and Aaron Warwick, the younger siblings of Synthetix founder Kane Warwick, the game introduces a robust DeFi component centered around NFTs and passive income. Utilizing the Immutable X scaling solution, Illuvium is poised for release at the end of Q3 2021, marking a noteworthy milestone in the convergence of blockchain, gaming, and decentralized finance.
February 2021
Sorare, the fantasy soccer game, has successfully concluded an impressive $50 million Series A funding round, with Benchmark Capital (known for backing Riot Games, Discord, and Twitter) leading the way. Notable investors, including Antoine Griezmann, Rio Ferdinand, Oliver Bierhoff, and Reddit founder Alexis Ohanian, demonstrated their confidence in the platform.
This substantial investment follows Sorare’s earlier fundraising efforts that amounted to $8 million. Meanwhile, the NFT lending platform NFTfi secured $890,000 in funding from a diverse group of investors. Animoca Brands, assuming the role of a strategic investor, joined forces with CoinFund, as well as notable individuals such as Roham Gharegozlou from Dapper Labs and Sebastien Borget from The Sandbox. These developments underscore the growing recognition and support for innovative ventures in the digital gaming and NFT space.
January 2021
IMVU, the virtual world pioneer, has secured a robust $35 million investment from Structural Capital and NetEase, marking a significant milestone in its transformation into Together Labs. This strategic move is accompanied by the unveiling of its innovative mobile-centric venture, WithMe.
Staying true to its commitment to user-centric economic growth, IMVU’s new VCOIN cryptocurrency will continue to play a pivotal role in shaping the platform’s financial landscape.
In a parallel development, South Korean company Planetarium has successfully raised $2 million from Naver and local venture capitalists to fortify its blockchain game platform. Notably, the eagerly awaited PC RPG Nine Chronicles is currently in its beta phase.
Meanwhile, Swedish developer Antler Interactive is celebrating a substantial $2.1 million infusion from a diverse group of investors. This capital injection is poised to propel the completion and launch of its highly anticipated PC game, My Neighbor Alice.
Polyient, a key player in the digital asset space, has demonstrated its commitment to innovation by investing $800,000 to acquire the Citadel of the Sun NFT from Gala Games. This strategic move aligns with the impending release of the groundbreaking MMO Mirandus. The Citadel of the Sun, a one-of-a-kind legendary-tier NFT, introduces a unique dimension to gameplay by enabling players to securely deposit and store in-game items.
It’s worth noting that Polyient’s strategic investments extend beyond this transaction, as the company has previously demonstrated its foresight by backing Blockade Games. These developments underscore a dynamic landscape where visionary investments are shaping the future of virtual experiences.
December 2020
Sorare has significantly bolstered its seed round, securing an impressive $4.3 million in additional funding led by the Cassius Family fund. This brings the total raised in Sorare’s seed round to an impressive $9 million.
Notably, Barcelona player Gerard Pique, who participated in the seed extension, will also assume a key role as a strategic advisor at Sorare.
In the same month, The Sandbox successfully concluded its 4.3 Land presale, generating approximately $450,000, which included premium Smurfs content.
November 2020
Sky Mavis, the developer behind Axie Infinity, achieved a major milestone by raising $860,000 through a strategic token sale of its AXS governance token to existing investor and advisor Delphi Digital. Delphi had previously acquired five Axie NFTs from the game’s marketplace, spending over $160,000.
October 2020
Sky Mavis continued its successful fundraising efforts by selling $3 million worth of its AXS token through Binance Launchpad. Meanwhile, Dapper Labs secured $18 million through a sale and auction of Flow tokens on the Coinlist platform, pushing their total funding raised to an impressive $68 million.
In the same month, Japanese startup Thirdverse, formerly known as Yomuneco, raised $8.5 million in its Series A round to develop VR games with blockchain technology.
August 2020
Leading up to the open beta of the NBA Top Shot game on its Flow blockchain, Dapper Labs raised a substantial $11.4 million, bringing their total funds raised to $50 million. Noteworthy investors included Coinbase Ventures, Distributed Global, Valor Capital Group, and several NBA players such as Andre Iguodala, Spencer Dinwiddie, Garrett Temple, JaVale McGee, and Aaron Gordon.
Pixowl, the developer behind The Sandbox and part of Animoca Brands, also made headlines with a $3 million hard-capped public sale of its SAND ERC20 token through Binance Launchpad.
July 2020
Sorare continued its momentum by securing a $4 million seed round led by e.ventures, with plans to double both team size and the number of clubs under license.
Animoca Brands raised $4.1 million from strategic investors, including M7 Asia and Mind Fund, bringing its total funds raised to an impressive $18 million.
June 2020
DMarket secured $6.5 million in funding from Almaz Capital and Xsolla, while also welcoming Trip Hawkins to its board, bringing their total funds raised to $26 million.
April 2020
Bright Star, the developer behind Ember Sword, raised $700,000 from Play Ventures and Galaxy Interactive.
March 2020
Horizon Blockchain Games raised $5 million from Initialized Capital and other investors, bringing their total funds raised to $9 million.
February 2020
SuperTree, the developer behind CryptoDozer, successfully raised $2.5 million.
November 2019
Mythical Games, the creative force behind Blankos Block Party, secures an impressive $19 million in funding, with significant contributions from Javelin Venture Partners and other key investors. This latest funding round brings their total raised capital to an impressive $35 million.
Bitski, a pioneering onboarding tech company, successfully raises $3.5 million in funding, with backing from industry giants such as Galaxy Digital and Coinbase.
Mavis Sky, the brilliant minds behind Axie Infinity, secures a noteworthy $1.5 million in funding from esteemed investors Hashed and Animoca Brands.
September 2019
Dapper Labs, a trailblazer in the industry, secures a substantial $11 million in funding, with support from renowned investors including Andreessen Horowitz. This latest round catapults their total raised capital to an impressive $26 million.
DappRadar, a rising star, secures a commendable $2.3 million in funding, with strategic investments from Naspers Ventures and Blockchain Ventures.
July 2019
Horizon Blockchain Games, the visionary developers of SkyWeaver, secure a substantial $3.75 million in funding, with strong support from Initialized and other notable investors.