Proof of Play, a company led by Farmville co-creator Amitt Mahajan, raised $33 million to create Web3 games, in accordance to a Sept. 21 announcement. Majahan is the CEO of Proof of Play, and Twitch co-founder Emmett Shear is a board member.
The funding was co-led by Chris Dixon at Andreessen Horowitz (a16z) and Neil Mehta at Greenoaks. Buyers Naval Ravikant, Balaji Srinivasan and the founders of streaming platform Twitch additionally participated, in addition to Web3 corporations Anchorage Digital, Mercury, Firebase, Zynga and Alchemy.
Proof of Play launched a closed beta of its first sport, Pirate Nation, in December 2022.
In its announcement, the company claimed it could actually overcome many roadblocks gamers generally encounter when trying to play Web3 games. It said that it possesses “a set of technological and product improvements” that can “shortly immerse gamers in enjoyable gameplay” with out studying about blockchain first.
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Proof of Play additionally said that it’s dedicated to decentralization. Pirate Nation is a “Without end Recreation” that may be run with out exterior servers or creator intervention, including that the company intends to open-source its expertise framework sooner or later to decentralize additional.
The Proof of Play group consists of members from a number of giant gaming and net firms, together with Epic Games, Zynga, EA, Activision and Google.
Multimillion-dollar funding rounds from Web3 firms have develop into the norm in 2023. EVE On-line developer CCP Games raised $40 million in March to develop a new spinoff EVE game, and Hyperplay raised $12 million in June to additional develop its distribution platform and Steam competitor.
