a16z Backs $33M Raise for Blockchain Game Studio Proof of Play
Proof of Play, a decentralized game studio and blockchain technology company, has raised $33 million in a seed spherical co-led by Andreessen Horowitz (a16z) overall associate Chis Dixon and Greenoaks founder and managing associate Neil Mehta, in accordance with an announcement equipped to Unchained.
The funds also can lend a hand Proof to Play scale its studio and technology groups to continue the trend of on-chain games constructed spherical self sufficient worlds, starting with the most crucial title, a free-to-play characteristic-playing game called Pirate Nation.
Silicon Valley-basically based fully mostly Proof of Play changed into as soon as basically based by veterans of most crucial game studios, collectively with Chronicle Games, Zynga, Digital Arts (EA) and Activision Blizzard. CEO Amitt Mahajan changed into as soon as a co-creator of FarmVille, the most crucial breakout game on Fb. Alongside the fundraise, the startup announced that feeble Twitch CEO Emmett Shear has joined the board.
Pirate Nation’s decentralized infrastructure aims to compose a “without slay game” that doesn’t rely on initiate air intervention or external servers to continue operations. Gamers indulge in the flexibility to adapt the game by collectively with or eradicating convey, reshaping the in-game world. Proof to Play also has plans to initiate-source its tech framework to enable various creators to without considerations spend the infrastructure to compose new on-chain games and applications.
Other customers in the spherical integrated Naval Ravikant, Balaji Srinivasan, the founders of Twitch, Anchorage Digital, Mercury, Firebase, Zynga and Alchemy.
“We’re extremely satisfied to be backing Proof of Play as they manufacture an on-chain gaming future with composability, interoperability, and permanence on the core of gameplay, enabling avid gamers to in fact have their sources and anybody to compose a brand new game on high of 1 other,” stated Chris Dixon in the click initiate.
The records comes a day after a16z led a $3.6 million funding spherical for crypto firm Freatic, which is increasing a decentralized files protocol.
Source credit : unchainedcrypto.com