16z and Greenoaks Again ‘Pirate Nation’ Studio with $33M Funding

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 unimaginable 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 property are $137.13 (0.086 ETH), as per CoinGecko.

But, intriguingly, the agency’s technique is to swiftly carry in additional mainstream players, granting them the chance to interact within the sport while not having a blockchain-based asset. NFT house owners, nonetheless, might be issued a plethora of distinctive benefits over non-NFT gamers. Little data 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 accessible — 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 workforce publish the Pirate Nation studio funding.

As Proof of Play begins democratizing its on-chain gaming tech with its current money injection and new workforce member, its horizon appears to be like promising for a broader ecosystem of players and builders desperate to delve into this shifting framework.

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