Singapore-based gaming-focused Web3 startup Planetarium Labs has closed a $32 million Series A funding round led by NFT game developer Animoca Brands.
We are excited to announce that Planetarium Labs has closed its Series A with @animocabrandsKakao/Krust, Wemade/@WemixNetwork, @SamsungNext to lay the groundwork for a generation of Web3 games powered and governed by the community.https://t.co/82QtzPoGHs
— Planetarium (@planetariumhq) July 7, 2022
The round also included Krust Universe, the investment arm of Korean tech giant Kakao, South Korean video game developer WeMade, and Samsung Next.
“Instead of just adding elements of in-game earnings or non-fungible tokens to games, we are reimagining community-focused content and providing tools for studios to engage more deeply with their players and investors,” said Kijun Seo, co-founder of Planetarium Labs, in a comment to The Block. .
The startup plans to launch several games together with “major gaming studios in the Asia-Pacific region.” Planetarium Labs also intends to expand the team from 25 to 40 people.
According to Seo, representatives of Animoca Brands will join the board of directors of the startup.
Animoca Brands previously acquired Grease Monkey Games for an undisclosed sum and game developer Eden Games for $16 million.
Recall that Bank of America analysts noted the interest of investors in the industry and the Web-3 segment against the background of the crypto winter.
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