Proof of Play — the builders behind the blockchain-driven Pirate Nation sport racked in a whopping $33 million from a seed funding spherical led by tech funding giants a16z and Greenoaks Capital.
With notable names like the previous CEO of AngelList, Naval Ravikant; ex-Coinbase CTO, Balaji Srinivasan; Twist Founder, Justin Kan; CEO of Alchemy, Nikil Viswanathan; and extra additionally chipping into the monetary pot, Proof of Play now has the capital to develop and improve its video games totally on-chain.
Introducing Proof of Play, an onchain sport studio & expertise firm.
We’re delighted to announce our $33m seed spherical led by @a16z and Greenoaks, with participation from unbelievable angels & founders incl. @naval @balajis @justinkan @jtwald @immad @nikil @gabusch & many extra. pic.twitter.com/c2BPShTdik
— Proof of Play (@ProofOfPlay) September 21, 2023
Proof of Play’s Present to Players and Builders
Since Proof of Play initially debuted Pirate Nation throughout final yr’s finish, the sport has equipped weekly enhancements that includes island development, card-driven battle-offs, and community-driven challenges. The sport operates purely on a blockchain basis, with Pirate NFTs being the golden ticket to gameplay. Presently, the ground value for such belongings are $137.13 (0.086 ETH), as per CoinGecko.
But, intriguingly, the agency’s technique is to swiftly deliver in additional mainstream players, granting them the chance to have interaction within the sport while not having a blockchain-based asset. NFT homeowners, nevertheless, can be issued a plethora of distinctive benefits over non-NFT gamers. Little info concerning these perks is but to be revealed.
To additional bolster its imaginative and prescient for revolutionizing the gaming panorama, Proof of Play goals to make its expertise for growing video games on-chain publicly obtainable — to empower different builders to make use of parallel instruments.
Moreover, Emmett Shear, the previous CEO of the gaming streaming platform Twitch, simply joined the Proof of Play group put up the Pirate Nation studio funding.
As Proof of Play begins democratizing its on-chain gaming tech with its current money injection and new group member, its horizon seems to be promising for a broader ecosystem of players and builders wanting to delve into this shifting framework.
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