Investment firm Pantera Capital has invested $10 million in massively multiplayer online role-playing game Worldwide Webb in its Series A funding round.
1/ We are thrilled to announce that Worldwide Webb has raised $10 million in a round of financing led by @PanteraCapital. https://t.co/gJCTL0YXrG
— Worldwide Webb (@Worldwide_WEB3) February 23, 2023
Players can participate in quests and interact with the browser-based MMORPG’s virtual economy by purchasing “land” and “real estate”.
In the coming weeks, the project will release a new game – Blockbusterz, where NFT holders from popular collections like CryptoPunks, BAYC and Doodles can fight each other.
The project will use the funds raised to expand the team and add support for new networks in addition to Ethereum.
The chart below shows a drop in the share of the NFT/Gaming category from 40% to 26% in the total number of transactions for the period from December to January.
John Dantoni, a researcher at The Block Research, is convinced that it is too early to talk about a drop in the interest of market participants in the sub-segment. According to him, this is more like a lull before the upcoming increase in the activity of venture investors.
Recall that the Indian gaming startup Kratos Studios raised $20 million in investments at a valuation of $150 million.
Earlier, Web3 platform Oh Baby Games closed a $6 million seed round.
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