Proof of play – the developers behind the blockchain-driven Pirate Nation game raised a whopping $33 million from a seed funding round led by tech investment giants a16z and Greenoaks Capital.
Featuring notable names like former AngelList CEO Naval Ravikant; ex-Coinbase CTO, Balaji Srinivasan; Twist founder, Justin Kan; Alchemy CEO Nikil Viswanathan; and more also contribute to the financial pot, Proof of Play now has the capital to grow and improve its games completely on-chain.
Meet Proof of Play, an onchain game studio and technology company.
We are excited to announce our $33 million seed round led by @a16z and Greenoaks, with participation from incredible angels and founders incl. @naval @balajis @justinkan @jtwald @I am angry @nikil @gabusch & much more. pic.twitter.com/c2BPShTdik
— Proof of Play (@ProofOfPlay) September 21, 2023
Proof of Play’s gift to gamers and developers
Since Proof of Play first debuted Pirate Nation at the end of last year, the game has made weekly improvements including island construction, map-driven battles, and community-driven challenges. The game works purely on a blockchain basis, with Pirate NFTs being the golden ticket to gameplay. Currently, the floor price for such assets is $137.13 (0.086 ETH), according to CoinGecko.
But intriguingly, the company’s strategy is to quickly bring in more mainstream gamers, giving them the chance to participate in the game without the need for a blockchain-based resource. However, NFT owners gain a plethora of unique advantages over non-NFT players. Little information about these benefits has been released yet.
To further solidify its vision of revolutionizing the gaming landscape, Proof of Play aims to make its on-chain game development technology publicly available – to enable other developers to use parallel tools.
Additionally, Emmett Shear, the former CEO of gaming streaming platform Twitch, has just joined the Proof of Play team after funding the Pirate Nation studio.
As Proof of Play begins to democratize its on-chain gaming technology with its recent cash infusion and a new team member, its horizon looks promising for a broader ecosystem of gamers and developers eager to delve into this evolving framework.
Want more? Connect with NFT Plazas
Sign up for the weekly newsletter
follow us on twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational materials only. Individuals are required to fully research any product before making any form of investment.