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Planetarium Labs Recently Raised $32 Million In Series A Funding

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Planetarium Labs describes itself as an open-source, community-driven web3 game company. They are focused on delivering the “future of entertainment through decentralized content and technologies”. They believe that communities can create infinite possibilities through decentralized innovations and strive to empower massively multiplayer online games with creative freedom and player governance. 

Planetarium Labs just announced they have raised $32 million in a Series A funding round led by Animoca Brands. Other investors in the round included Samsung Next, Krust Universe, Kakao, and WeMade. The co-founder and CEO, Kijun Seo, stated that the investment will be used to help Planetarium Labs build out its network with tools for gaming and player governance.

The Planetarium Labs gaming system is based on Libplanet, a software development kit that lets developers create blockchain applications entirely on the Unity game development platform. The company is also supporting the development of live-action collectible NFT RPG Stella Fantasy – which had a major gameplay trailer reveal this week and was covered in a previous write-up by Game Fund Partners and RE3W.

Yat Siu, co-founder and executive chairman of Animoca Brands, said in a press release:

“We strongly believe that the future is massive decentralized worlds in an open metaverse, which is why we are delighted to support Planetarium Labs’ vision of community-centric blockchain games that empower players with creative freedom and full digital rights.” 

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