Longhash Ventures Invests $1.5 Million in Particle Network to Address Web3 Tech Stack Issues -Breaking
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Longhash Ventures invests $1.5 million in Particle Network for Web3 Tech Stack Problems- Particle Network can help to solve the problem of Web3 mobile tech stacks or social graphs.
- LongHash Ventures led the seed round. The company raised $1.5M.
- Particle Network is used in many games already by developers.
Particle Network, a Web3 mobile game development platform, will help creators overcome “one of the biggest obstacles” in developing the Web3 gaming ecosystem, said LongHash Ventures Founding Partner Emma Cui.
Particle Network takes away one of the major obstacles in the Web3 gaming industry’s development: the lack of a Web3 mobile tech stack or social graphs for developers to create and launch immersive gaming applications.
Following the pre-seed funding round that saw Particle Network secure $1.5million, this statement was made by LongHash Ventures. The funding round also involved Insignia Ventures Partners, CyberConnect, BitCoke Ventures, 7 O’Clock Capital, FSC Ventures, and Monad Labs.
“By providing a fully managed backend infrastructure, Particle Network enables developers to accelerate their Web3 game development,” added Cui. She further explained that investing in such a project “underlines their bullish thesis” on Web3 mobile gaming.
CoinQuora has received a press release confirming that the Web3 game development platform will use the money to increase its developer base and grow its team. Particle Network plans to improve its launchpad in order to offer developers an easy path from idea generation to the creation of mass-scaling Web3 games.
It is important to note that Particle Network was introduced to “accelerate the gaming community’s transition to the cryptoverse.” The investment fund now would contribute to the company’s goal of allowing creators to focus more on developing games without “building everything from scratch.”
Pengyu, the CEO and cofounder of Particle Network, shared his thoughts on these:
“When we first ventured into the Web3 world as devs, we realized we had to build the very basics of a mobile app from the ground-up. That, however, creates unnecessarily high barriers to Web3 mobile app building, and each dev reinventing the wheel to create an app does not contribute to Web3 in the long term.”
Particle Network supports multi-chain development, allowing developers to use, BNB Chains, Polygons, Immutable X, Flow and Evmos. It currently hosts games like Merge Go, Designer777, Idle Weed Inc., and Panda2.
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