Reddit Funds Leads $3.75 Million Seed Wheel for Blockchain Game Studio

Reddit Funds Leads $3.75 Million Seed Wheel for Blockchain Game Studio

Reddit co-founder Alexis Ohanian's venture fund led the $3.75 million seed round of the blockchain-based video game studio Horizon blockchain game.

According to a July 17 press release, Ohanian's venture fund, Initialized Capital, led a new seed round with other major blockchain investors such as Polychain Capital and Digital Currency Group. Other investors include Coinbase, Golden Ventures and Inovia Capital, well-known US crypto exchanges and wallet providers.

These funds will support Horizon's goal of further integrating blockchain technology into the gaming industry. The company has created a blockchain video game network called Arcadeum that provides players with a secure wallet for storing assets in blockchain games.

The press conference pointed out that Arcadeum based on the Ethereum blockchain can also serve as an application browser, providing game developers with the opportunity to publish and promote games.

Horizon has developed the online card game SkyWeaver, which is expected to be launched in the beta test in the fall of 2019.

According to reports, in mid-June, French telecom giant Ubisoft is exploring potential blockchain applications in the game as part of its strategy to enhance the industry's competitiveness.

Previously, Galaxy Digital's fund led a $1.8 million seed round for Azure's blockchain-based game rewards platform.

Source: coinelegraph

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Prediction | Data show that the probability of BTC breaking 10,000 by June is only 16%

As Bitcoin continues to fluctuate significantly, people also tend to look for more reliable "value discovery&quo...

Blockchain

The market is nearing the "explosion" edge. Will Bitcoin easily return to $ 8,000?

Source of this article: Scallion Blockchain , the original title "Suppressive emotions are on the verge of erupt...

Blockchain

Global stock markets have collapsed, and gold has risen safely! Can Bitcoin usher in a new round of rise?

This holiday has become less calm due to the sudden collapse of the European and American stock markets. There is no ...

Blockchain

Four words explain why bullish bitcoin: from now 50 years, that monetary base will be it

This article is about 17,000 words, and it takes about 40 minutes to read the full text. As bitcoin prices soar to ne...

Blockchain

German media: Germany is entering a "cryptocurrency paradise", new bill allows banks to sell cryptocurrencies such as Bitcoin

Cryptocurrencies may eventually go hand in hand with traditional currency services. Local media reports that from 202...

Blockchain

BTC's volatility is low, and the market is changing

Author | Hash sent analysis team Market solution: BTC is temporarily getting a support for the cottage currency V-sha...