On October 7th, OP Games announced it had secured $8.6 million in a seed round of funding. This money will be used to help developers monetize their products through the use of Web 3.0, which is the latest evolution and current rendition of the worldwide web.
This funding round saw participation from several VC firms. This included Republic Crypto, Ascensive Assets, Morningstar Ventures, Mechanism Capital, Polygon Studios, and Bitcoin.com. Additional investments also came from Mentha Partners, OKex Blockdream Ventures, SevenX Ventures, GFS Ventures, Defi Alliance, and more.
“We welcome this hearty endorsement of the work we have done to power up the gaming landscape using Web 3.0’s superpowers: open-source and community ownership,” said company co-founder Chase Freo. “The $150 billion gaming industry is evolving at an astonishing rate. By giving developers the tools and guidance they need, and by giving players the chance to co-create their favorite projects, we are opening up new revenue channels for the sector’s talented creators.”
OP Games is aiming to support at least 500 games. These projects are expected to be either announced or launched between now and the end of 2022.
(All information was provided by Google and PR Newswire)
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