Blockchain Gaming Developer N3TWORK Studios Closes $46M Funding Led by Griffin Gaming

3 years ago

Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.

N3TWORK Studios has raised $46 cardinal successful a Series A backing circular led by Griffin Gaming Partners, with information from Kleiner Perkins, Galaxy Interactive, KIP, Floodgate and LLL Capital, according to a press release.

  • The rise volition assistance successful the improvement and accumulation of the studio's archetypal 2 Web 3 titles, Legendary: Heroes Unchained, and Triumph, some of which volition beryllium focused astir the usage of cryptocurrency and Web 3.

  • Interest successful blockchain-based games has accrued more than 2,000% in the past year. The gaming manufacture successful wide raised $3.5 cardinal of disclosed concern successful the archetypal quarter, much than fractional of which has been attributed to the blockchain gaming sector, according to a report by DDM Data and Research Services.

  • “We judge successful a aboriginal wherever crippled economies are much unfastened and players ain the assets they gain and purchase," said N3TWORK Studios President Matt Ricchetti. "Reaching that aboriginal volition necessitate some expanding the halfway crypto gaming assemblage and demonstrating to the monolithic mobile free-to-play assemblage that web3 is simply a wide value-add to their gaming experience.”

  • N3TWORK Studios was formed successful January 2022 and includes veterans of EA, Zynga, Warner Brothers and Disney.

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Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.

Oliver Knight is simply a CoinDesk newsman based betwixt London and Lisbon. He does not ain immoderate crypto.


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