Farmville co-creator-led business raises $33M to produce Web3 video games
Evidence of Play, a business led by Farmville co-creator Amitt Mahajan, raised $33 million to produce Web3 video games, according to a Sept. 21 statement. Majahan is the CEO of Evidence of Play, and Jerk co-founder Emmett Shear is a board member.
The financing was co-led by Chris Dixon at Andreessen Horowitz (a16z) and Neil Mehta at Greenoaks. Financiers Naval Ravikant, Balaji Srinivasan and the creators of streaming platform Twitch likewise took part, in addition to Web3 companies Anchorage Digital, Mercury, Firebase, Zynga and Alchemy.
Evidence of Play launched a closed beta of its very first video game, Pirate Country, in December 2022.
In its statement, the business declared it can get rid of lots of obstructions gamers typically come across when trying to play Web3 video games. It mentioned that it has “a set of technological and item developments” that will “rapidly immerse gamers in enjoyable gameplay” without discovering blockchain initially.
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Evidence of Play likewise mentioned that it is devoted to decentralization. Pirate Country is a “Forever Video game” that can be run without external servers or developer intervention, including that the business plans to open-source its innovation structure in the future to decentralize even more.
The Evidence of Play group consists of members from numerous big video gaming and web business, consisting of Impressive Games, Zynga, EA, Activision and Google.
Multimillion-dollar financing rounds from Web3 business have actually ended up being the standard in 2023. EVE Online designer CCP Games raised $40 million in March to establish a brand-new spinoff EVE video game, and Hyperplay raised $12 million in June to additional establish its circulation platform and Steam rival.