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AO Labs SpaceBar Community-Driven Web3 Gaming Platform Raises $4.5 Million

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AO Labs have just announced the raise of $4.5 million for its Spacebar community-driven web3 gaming platform through a token sale. Yield Guild Games led the round, with participation from 70 investors. Some investor highlights include: Gabby Dizon CEO of YGG; Balaji Srinivasan and Sandeep Nailwal of Polygon; Jeff “Jiho” Zirlin of Axie Infinity maker Sky Mavis; and Kyu Lee of Com2uS.

AO Labs is a virtual studio founded by gaming and technology veterans Joony Koo and Christy Choi. The two co-founders built the company based on their shared belief that “gaming will lead the way to web3 – with a core vision of a decentralized internet created by blockchain believers”. 

The studio’s mission is to build a “playground for web3 communities”. AO Labs said they will be using the new funds to help build its community-owned, open-source game platform called Spacebar. Spacebar is described as a space-themed casual game that integrates web3 tools including a decentralized identification system, decentralized finance (DeFi), non-fungible tokens (NFTs), and game guilds.

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