Developers of Tetris Beat for Apple Arcade Raised $46M to Create a Blockchain Game -Breaking
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Tetris Beat developer for Apple Arcade raised $46M to create a blockchain game.N3TWORK Studios is a Blockchain videogame developer. It has raised $46 Million in Series A to fund the development of its first two cryptocurrency-native games.
N3TWORK Studios Raised $46 Million in Advance of Game Launch
N3TWORK Studios has raised $46 million just days before the game’s launch. N3TWORK Studios revealed that it will use the funds to build its first web3 games, Legendary: Heroes Unchained, and Triumph, Forte.
The fund will specifically be used for the development of the platform and tokenomics. N3TWORK Studios is a firm believer in the future free-to play blockchain games.
Matt Ricchetti (president of N3twork Studios) spoke out about the funding round in a statement.
“We’re a group of passionate veteran game makers who see a generational opportunity to leverage our expertise building and operating free-to-play games to create authentic web3 experiences that can reach audiences of millions of players.”
Griffin Gaming Partners leads the round
Griffin Gaming Partners led the funding round, which was a venture company that focuses on gaming startup financing.
Kleiner Perkins and Galaxy Interactive are also participating.
Flipside
- Peter Levin, Griffin Gaming’s director of finance, will be joining the board.
Why you should care
Web3 gaming has become an important part of crypto industry. More than $3B is flowing to Web3 gaming every month.
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