In brief

  • Block Tackle is a new Web3 gaming startup that has raised $5 million in seed funding.
  • The studio is working on SkateX, a Solana-based video game with NFT skateboards.

Veteran video game developers are pouring into the blockchain space, if recent studio funding announcements are any indication, and here’s another to add to the list. Today, startup Block Tackle announced that it has raised $5 million to develop a Solana-based skateboarding game called SkateX with a team of experienced developers.

The $5 million seed round was led by Play Ventures and Cadenza Ventures. An array of other notable investors also participated, such as Coinbase Ventures, Solana Ventures, leading metaverse investor Animoca Brands, and Twitch co-founder Kevin Lin.

Block Tackle is a new Web3 gaming studio co-founded by Ben Topkins and Rob Oshima, who previously worked together at mobile gaming firm, Kabam. The 13-person team also includes veterans of Electronic Arts, Apple, Roblox, Lucasfilm, and Supercell.

While working on hit free-to-play mobile games like Kingdoms of Camelot, the co-founders saw how players poured countless hours and dollars into games for years, but had nothing they could ultimately sell or bring into another game. If they moved on to a new game at some point, then they’d start back at zero.

In other words, developers capture all of the value in those games. With Web3 games, users can sell their NFT assets or potentially use them in other games and metaverse worlds. An NFT acts like a deed of ownership to a unique digital item, ranging from profile pictures and…

Source link

Leave a Reply

Your email address will not be published.

Fill out this field
Fill out this field
Please enter a valid email address.
You need to agree with the terms to proceed