News Profit's Takes

Start-Up Company Singularity 6 Raises $30M In Financing Round

Singularity 6 recently announced the company secured $30 million in a Series B round of financing. This money will be used to fuel the development of Palia, the company’s massively multiplayer online (MMO) game.

This round of fundraising was led by FunPlus Ventures. Contributions were also made by Andreessen Horowitz, LVP, Transcend, Anthos Capital, and Mitch Lasky.

“We were overjoyed at the positive reception of Palia’s public reveal,” said Singularity 6 CEO Anthony Leung. “The incredible response from the community has further invigorated us in our pursuit to deliver an immersive online world where players can feel like they truly belong. Creating that experience may have seemed like a daunting prospect, but with all of the support and encouragement we’ve received, we are more heartened than ever.”

Singularity 6 is a Los Angeles-based company that was founded in 2018. The organization aims to bring new types of MMO games to the esports market.

The Profit‘s Take:

There have been thousands of blockchain gaming projects similar to this, and they all have me asking one question: why does nobody care about making a fun game anymore? Everything is about pay-to-earn, doing good, and making your life fuller. They received $30 million, and they never said, “we’re going to make a fun game.” The PR I would put out there is “THIS GAME IS SO MUCH FUN! YOU’RE GOING TO WANT TO PLAY FOR HOURS!”

(All information was provided by VentureBeat,, and Grit Daily)

0 comments on “Start-Up Company Singularity 6 Raises $30M In Financing Round

Leave a Reply

%d bloggers like this: