AO Labs has introduced that the gaming studio has acquired $4.5 million in funding in a seed spherical. The studio will use this funding to develop its first-ever blockchain recreation – Spacebar.
The seed spherical was led by Yield Guild Video games (YGG) – becoming a member of them was an extended record of gamers and buyers which might be pretty energetic in crypto and Web3.
Together with huge companies and firms, there have been particular person buyers too who believed within the mission and invested in it. These included:
- Jeff Zirlin of Sky Mavis
- Balaji Srinivasan & Sandeep Nailwal from Polygon
- Gabby Dizon, CEO of YGG
- Kyu Lee of Com2uS
AO Labs was began by tech and gaming veterans Christy Choi and Joony Koo. These two are seen as eager advocates of decentralization and blockchain gaming – they consider that gaming sooner or later will finally shift to Web3. To take step one, AO Labs introduced to makeSpacebar – their first-ever blockchain recreation, which might be fully community-driven.
In accordance with AO Labs, “The studio’s mission is to construct a playground for Internet 3 communities. AO Labs is dedicated to constructing a community-owned, open-source recreation platform known as Spacebar.”
“I feel gaming will in all probability be the piece that truly engages all these totally different constructing blocks throughout crypto…That’s the reason I’m extraordinarily bullish about constructing this recreation as a result of it could possibly be the gateway to drive mass adoption. It’s not simply because the sport is enjoyable. It’s as a result of whereas taking part in the sport, you’ll work together with all of the totally different instruments being constructed on this area. We’ll act as a degree of interplay for all these folks in crypto.“
Christy Choi
Spacebar is a space-themed Web3 recreation using NFTs and DeFi. To date, the builders haven’t shared a lot details about what actual applied sciences the sport will use.
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