Gaming studio Faraway raised $21 million in a Series A funding round, led by FTX and Lightspeed Venture Partners. The investment will be used to integrate the Solana blockchain into Faraway’s most popular gaming title, Mini Royale, a first-person shooter game that will be the first multiplayer title to integrate Solana-based FTXPay with NFTs and wallets.
“Blockchain technology will unlock the potential for truly player-driven, open economies and will usher in the next wave of gaming and virtual worlds,” said Alex Paley, CEO of Faraway. “Our goal for both current and future games is to create extremely fun and social games with open economies, giving players true ownership over their in-game assets and a true voice in how the game evolves over time.”
With Web 3 Gaming still in its infancy, investors have clamored to fund up-and-coming studios that specialize in virtual reality and play-to-earn structures. The multiplayer gaming sector has yet to see the same attention from investors despite having a long history of in-game economies centered around digital collectibles.
A representative of Faraway said that Mini Royale is expected to be integrated with Solana’s blockchain in December.
(All information was provided by CoinDesk)
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