Proof of Play, the developers behind the blockchain-driven game Pirate Nation, recently raised an impressive $33 million in a seed funding round. Tech investment giants a16z and Greenoaks Capital led the funding, with participation from notable names in the industry such as Naval Ravikant, the former CEO of AngelList, Balaji Srinivasan, ex-Coinbase CTO, Justin Kan, Twist Founder, Nikil Viswanathan, CEO of Alchemy, and many others. This substantial investment provides Proof of Play with the necessary capital to grow and enhance its games fully on-chain.
Pirate Nation, which was initially launched towards the end of last year, has seen significant progress with weekly enhancements. The game features island construction, card-driven battle-offs, and community-driven challenges, all built on a blockchain foundation. The main asset in the game are Pirate NFTs, which serve as the golden ticket to gameplay. Currently, the floor price for Pirate NFTs stands at $137.13 (0.086 ETH) according to CoinGecko.
However, Proof of Play aims to attract mainstream gamers by allowing them to participate in the game without requiring a blockchain-based asset. While non-NFT players will have access to the game, NFT owners will enjoy unique advantages and perks, although specific details about these advantages have not yet been disclosed.
In addition to its focus on creating an inclusive gaming experience, Proof of Play is determined to make its technology for developing games on-chain publicly available. This move aims to empower other developers to utilize parallel tools and contribute to the growth of the blockchain gaming ecosystem.
The recent funding round also brought a new addition to the Proof of Play team. Emmett Shear, the former CEO of the popular gaming streaming platform Twitch, has joined the company following the successful financing. Shear’s experience and expertise in the gaming industry will further strengthen Proof of Play’s position and contribute to the advancement of its goals.
With its expanded team and financial resources, Proof of Play is poised to revolutionize the gaming landscape. By democratizing its on-chain gaming technology, the company aims to create a broader ecosystem of gamers and developers eager to explore this shifting framework.
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As the world of blockchain gaming continues to evolve, Proof of Play’s impressive seed funding round and its commitment to expanding the on-chain gaming sector position the company for significant success in the future. By providing an inclusive and innovative gaming experience, Proof of Play is paving the way for a new era of blockchain gaming.