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Twitch co-founder raises funds for blockchain gaming firm

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Web3 vice and amusement company Metatheory based by Twitch co-founder Kevin architect has raised $24 million in an exceedingly Series A funding spherical on Monday. The round was rectified by crypto capital venture firm Andreessen Horowitz (a16z), with participation from Pantera Capital, the venture arm of the FTX cryptocurrency exchange, FTX Ventures, and different venture firms, in step with the announcement.

Immersive digital experience is passion

Metatheory was launched in November 2021 around one year when Lin left Twitch, wherever he wrote in a Medium article at the time that he was making the vice company and additionally a blockchain game referred to as DuskBreakers. architect was quoted during this week’s announcement as language that Building immersive digital experiences has invariably been a passion of mine, and when stepping aloof from Twitch to explore what’s next within the industry, he really believe blockchain can open the door to even additional potentialities and have a serious impact in the gaming, storytelling and community building space.

DuskBreakers team plans to release comics

DuskBreakers was free in Dec 2021 with the art designed by the previous lead creative person at Twitch. The Ethereum-based game enforced a “play-to-mint” model for its initial 10,000 nonfungible tokens (NFTs). Those wanting to grab associate NFT need to play an arcade-type game to validate their entry onto a whitelist.

The DuskBreakers team plans to unharness comics and animations to continue its storyline, further NFTs and content are within the works at Metatheory with a play-to-earn game set for launch in the fourth quarter of 2022.

Blockchain gaming attracts individual interest

architect isn’t the only Twitch co-founder with associate interest in vice NFTs. In Dec 2021 Justin Kan, another co-founder of Twitch, launched the shape NFT marketplace that focuses on blockchain gaming tokens language that “NFTs are the long run of gaming.”

Blockchain gaming is gaining interest from titans of the standard gaming industry. Most recently, sq. Enix disclosed in its statement that it’ll expand NFTs into additional games in 2022.

Microsoft’s chief operating officer, the event of metaverse platforms was a key reason for the $69 billion acquisition of gaming large Activision Blizzard and Sega is wanting to integrate cloud technology NFTs as a part of its new Super Game project that connects its completely different games to each other.

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