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- GOALS, a blockchain game and a Swedish gaming startup made an announcement regarding securing $15 Million seed funding round.
- Organization spent the previous 4 months exploring which blockchain network to develop on top of. Solana, Polygon and Starkware are initial choices.
- In GOALS, each user has 15 players — each of which are minted as Non Fungible Tokens and are stored.
GOALS Found The Back Of The Net
GOALS, a Swedish gaming startup declared today that they have secured a $15 Million seed funding round led by Northzone, a venture capital organization.
GOALS is building an eponymous online multiplayer game which has a play to own algorithm for in-game assets like skins, clubs, and players. Following the trail of Sorare, a fantasy soccer platform, these will be kept on a blockchain as NFTs — a distinct code exhibiting ownership.
Andreas Thorstensson, founder of GOALS stated that, With FIFA, people can own a skin for a limited time span. They cannot be controlled, sold, and do not have any transparency. He further added that blockchain is a perfect solution for the issue.
Being F2P, game will depend on taking some cut on each NFT marketplace sale along with monetizing through add-ons which do not hinge on a user wanting to sell their assets.
Which Blockchain Should GOALS Choose To Score In?
The organization spent previous 4 months exploring with blockchain network to develop on top of. Proof of Stake networks such as Solana, Starkware, and Polygon are the top choices at present to score.
Each GOALS user possesses 15 players — all of which are minted as Non Fungible Tokens and are kept. Based on user count, this could amount to a vast sum of NFTs — and Thorstenson stated that it is essential that the backing network is not just cost efficient, but also a less emission network.
He stated that he isn’t put off from traversing developing a sidechain of Ethereum like Ronin, the blockchain underlying Axie Infinity. Previous week, a hacker inflicted a damage of $600 Million on the Ronin Bridge, which links Ethereum to a sidechain.
Andreas said, initially, bridges are threats to security, pointing out that this attack is likely to facilitate elevated focus on securing bridges. He further adds that, from a security vantage point, they were to make sure that chain is decentralized and there are sufficient verifiers as well as nodes.
The Final Whistle
Thorstensson stated that he is eyeing to make a grip on non-crypto indigenous audiences. This is why he passed on with expert cryptocurrency funds that he states, render a better fit for organizations which go deeper into tokens, in favor of generalist funds based on equity with a robust web3 component.
With latest financing, organization will hire another 30 game devs, coinciding with a type of public announcement by this year’s end.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
