SNEAK PEEK
- Horizon Blockchain Games announced on October 4 that it had secured $40 million in Series A funding.
- With the money, Horizon wants to expand its business and buy Web3 items.
- Over 3 million games were played during the private test, and 345,000 individuals signed up for the waitlist before it went online, claims the business.
The creator of the Skyweaver game, Horizon Blockchain Games, announced on October 4 that it had secured $40 million in Series A funding. Brevan Howard Digital and Morgan Creek Digital served as the round’s lead investors. Other investors included Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox co-founder Sebastien Borget, Sky Mavis, and Axie Infinity co-founder Aleks Larsen.
With the money, Horizon wants to expand its business and buy Web3 items. In particular, the business plans to enhance its smart wallet Sequence and developer stack, increase the audience and content of the nonfungible token (NFT) turn-based card game Skyweaver, and launch the Niftyswap marketplace.
The Series A funding will enable Horizon to “expand the Sequence ecosystem by drawing additional builders to our platform through marketing, community, and collaboration initiatives,” according to Peter Kieltyka, co-founder and CEO of the company.
Based on the Polygon network, Skyweaver lets users compete against one another to earn tokenized cards that may be exchanged on the app’s market. The game underwent months of testing with a small group of players before being released in February. Over 3 million games were played during the private test, and 345,000 individuals signed up for the waitlist before it went online, claims the business.
Trading SFTs should be simpler thanks to the Niftyswap marketplace’s on-chain liquidity. The token SFT has the ability to be both fungible and non-fungible. Until they are redeemed, when they lose value and become non-fungible, the tokens are fungible. The ERC-1155 token standard, which the Horizon team co-created, made it possible.
