ftx ventures – RE3W.IO

NCSoft Invested $15M In Mysten Labs as Part of A Previously Announced $300M Funding Round

admin — Thu, 10 Nov 2022 01:47:35 +0000

South Korean gaming giant NCSoft has invested $15 million in Mysten Labs as part of a previously announced $300 million funding round. The money will apparently go toward fueling Mysten Labs’ plan to develop the Sui Layer 1 blockchain to serve as infrastructure for web3 games and other projects.

Mysten Labs announced the raise of $300 million dollars just a month ago. This valued the business at more than $2 billion. FTX Ventures led the Series B round. Other participants included a16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital and O’Leary Ventures.

Mysten Labs is a California-based web3 infrastructure company that launched the decentralized blockchain platform Sui in March of this year, 2022. Evan Cheng, currently Mysten Labs CEO, said they are hoping to “build a better blockchain” to improve scalability. Evan Cheng has spent the last 16 years at tech companies such as Apple and Facebook.

Sui’s use cases include facilitating airdrops to millions of people in a single, low-cost transaction; creator-owned decentralized social media networks; and developing blockchain gaming interactions such as equipment crafting, character leveling, and battle records stored on-chain. A token, $SUI, is also planned, which will be used to participate in the proof-of-stake network after the mainnet launch, at an unknown future date.

FunPlus Expanding In Barcelona and $40M Funding Round for Xterio

admin — Fri, 07 Oct 2022 20:52:43 +0000

FunPlus recently led a $40 million funding round with FTX Ventures, and blockchain gaming platform XPLA, for the blockchain gaming platform Xterio. Other participants in the funding round included Hashkey, Foresight Ventures, Headline, Matrix Partners, and Animoca Brands.

The mobile game company has now just announced its expansion in Barcelona. The company, which already has a presence in the city, will open a new game development studio there. According to FunPlus, it will work with local government to support the city’s talent pool.

FunPlus is best known for its mobile-first strategy titles, such as State of Survival and Guns of Glory. The former recently hit its three-year anniversary and hit 150 million downloads. The company established its original office in Barcelona in 2019.

Led By Game Developer FunPlus and New Partnership With XPLA, Xterio Raised $40M In Funding

admin — Sat, 01 Oct 2022 17:13:17 +0000

Last month, blockchain gaming platform Xterio announced that they raised $40 million in a funding round led by game developer FunPlus, FTX Ventures, and blockchain gaming platform XPLA. Other participants in the funding round included Hashkey, Foresight Ventures, Headline, Matrix Partners, and Animoca Brands. The new capital apparently went towards game development and building out its platform.

XPLA is a blockchain mainnet originally built by Com2Us, and it operates as a gaming platform. It also acts as a hub for all types of media content. XPLA is expanding its web3 ecosystem by partnering with Xterio. This new partnership is letting Xterio bring its catalog and digital assets to XPLA’s ecosystem for the duration of the agreement.

XPLA is also apparently using this new partnership to leverage a connection with FunPlus. It’s turning XPLA into FunPlus’ exclusive web3 partner. FunPlus is the developer of some pretty popular mobile games, like State of Survival, King of Avalon, and Guns of Glory.

Doodles Has Raised $54 Million At $704 Million Valuation Led By Seven Seven Six

admin — Thu, 15 Sep 2022 01:23:28 +0000

Doodles recently announced that they have raised $54 million at a $704 million valuation. The round was led by Seven Seven Six, the venture-capital firm created by Reddit co-founder Alexis Ohanian. Additional participation came from Acrew Capital, FTX Ventures, and 10T Holdings.

The raise will apparently be allocated toward the team’s strategic growth and the development of brand and technological reach. Moreover, the Doodles brand plans to continue its expansion into the mediums of music, animation, consumer products, gaming, IP partnerships, and events and attractions.

Mysten Labs Raised $300 Million Valuing The Company At Over $2 Billion

admin — Thu, 15 Sep 2022 00:55:09 +0000

Mysten Labs raises $300 million which values the business at more than $2 billion. FTX Ventures led the Series B round. Other participants included a16z crypto, Jump Crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed Venture Partners, Sino Global, Dentsu Ventures, Greenoaks Capital and O’Leary Ventures.

Sui’s use cases include facilitating airdrops to millions of people in a single, low-cost transaction; creator-owned decentralized social media networks; and developing blockchain gaming interactions such as equipment crafting, character leveling and battle records stored on-chain. A token, $SUI, is also planned, which will be used to participate in the proof-of-stake network after mainnet launch, at an unknown future date.

Blockchain Gaming Platform Xterio Has Announced They Have Raised $40 Million In Funding Round Led By FunPlus

admin — Fri, 02 Sep 2022 20:37:42 +0000

Blockchain gaming platform Xterio announces that they have raised $40 million in a funding round led by game developer FunPlus, FTX Ventures, and blockchain gaming platform XPLA. Other participants in the funding round included Hashkey, Foresight Ventures, Headline, Matrix Partners, and Animoca Brands. The funding will apparently go toward game development and building out the platform.

Xterio combines a play-to-earn gaming platform and a GameFi-as-a-service solution for developers in the partner network, according to the whitepaper. FunPlus is a global developer of popular mobile strategy games. FunPlus will provide Xterio with its technology stack. Moreover, Xterio will be FunPlus’ exclusive partner to mint, deploy and manage all non-fungible tokens (NFTs) for current and future game titles.

Aptos Labs Announces Their $150 Million Raise In Series A Funding

admin — Thu, 28 Jul 2022 06:37:00 +0000

Layer 1 blockchain Aptos Labs just announced on Twitter that they raised $150 million in a Series A funding round. FTX Ventures and Jump Crypto led the round with participation from Andreessen Horowitz, Multicoin Capital, and Circle Ventures. Aptos Labs has now apparently raised $350 million this year as it looks to use its technology and programming language, Move.

Mo Shaikh, Aptos co-founder and CEO, stated:

“We’ve known for a while that, due to issues like outages and downtime, current blockchains are not fit for purpose when it comes to mass Web3 adoption. That’s why we’re building a blockchain to be the reliable foundation for Web3 that ushers in users from around the world to experience the benefits of decentralization.”