Proof of Play, an organization led by Farmville co-creator Amitt Mahajan, raised $33 million to create Web3 video games, in response 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. Traders Naval Ravikant, Balaji Srinivasan and the founders of streaming platform Twitch additionally participated, in addition to Web3 companies Anchorage Digital, Mercury, Firebase, Zynga and Alchemy.
Proof of Play launched a closed beta of its first recreation, Pirate Nation, in December 2022.
In its announcement, the corporate claimed it may overcome many roadblocks gamers generally encounter when making an attempt to play Web3 video games. It acknowledged 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 acknowledged that it’s dedicated to decentralization. Pirate Nation is a “Perpetually Sport” that may be run with out exterior servers or creator intervention, including that the corporate intends to open-source its expertise framework sooner or later to decentralize additional.
The Proof of Play crew contains members from a number of giant gaming and internet corporations, together with Epic Video games, Zynga, EA, Activision and Google.
Multimillion-dollar funding rounds from Web3 corporations have develop into the norm in 2023. EVE On-line developer CCP Video games raised $40 million in March to develop a brand new spinoff EVE recreation, and Hyperplay raised $12 million in June to additional develop its distribution platform and Steam competitor.
