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SuperLayer Raises $25M With Backing from Polygon

by Blockchain NewsAugust 19, 2022

SuperLayer, a blockchain venture studio, has secured $25 million in funding with backing from its strategic partner, Polygon Network – a Layer-2 scaling solution.

With its knack for selecting projects with innovative solutions that can help improve the usability of the blockchain ecosystem in general, SuperLayer says it is more interested in protocols looking to build on the Polygon Network.

While revealing no other backer, SuperLayer said it will be deploying the funding towards the expansion and strengthening of SuperLayer’s ecosystem of projects. Additionally, it plans on partnering with founding teams on development, design, and the fundraising required to scale projects that meet the needs of consumers around the world.

“Given SuperLayer’s focus on speed and quality, Polygon is a natural partner with industry-leading protocols designed to fix blockchain scalability issues that have slowed innovation,” said Kevin Chou, Managing Partner of SuperLayer.

“Polygon’s technology removes critical costs and congestion barriers to mass-scale consumer adoption, and its thriving ecosystem offers an ideal environment for growth and collaboration, opening the door for transaction-intensive crypto projects like SocialFi, GameFi, NFTs, and DeFi to reach their full potential. Our team at SuperLayer is excited to support ambitious projects to build on Polygon.”

Users in the digital currency ecosystem are now more concerned about usability in the Web3.0 world. Besides users, investors’ focus is clearly centred on innovations with a defined use case, a push that is likely fueling projects that may be emanating from Polygon.

Polygon makes using Ethereum very easy and scalable, and any outfit that may align with this mission may catch the attention of SuperLayer.

While Ethereum 2.0 is fast approaching, the Ethereum Foundation has come out to say the new protocol may not reduce gas fees and speed as is currently expected. This solidifies the need for Layer-2 protocols like Polygon and a viable case to believe SuperLayer will have enough startups to inject its received funds into.

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Web3.0 Game Startup Wildcard Alliance Pulls $46M in Series A Funding

by Blockchain NewsJune 16, 2022

Wildcard Alliance, a new Web3.0 gaming startup has raised $46 million in a Series A funding round led by Paradigm Capital.

Wildcard Alliance is a relatively new subsidiary spun out of Playful Studios, creator of the Lucky’s Tale game series and Creativerse.

The startup is a game development outfit that has amongst many things built Wildcard, a first-of-its-kind hybrid of the multiplayer online battle arena (MOBA), real-time strategy, and collectable card game where players compete surrounded by live, interactive fans and spectators.

A product developed as the brainchild of Paul Bettner, connected to previous game titles including Age of Empires, Lucky’s Tale, and Words with Friends, the Wildcard title is stemming from a team of the best developers in the world.

“Web3 platforms present a tremendous opportunity to build entertainment that can include, empower and onboard millions of new players,” said Paul Bettner, Co-Founder and CEO of The Wildcard Alliance.

“Despite this opportunity, the current focus of Web3 game development tends to be on finance over fun, economy over engagement, currency over the community. With Wildcard, we’re focused on fun first, building a next-generation ‘spectator sport’ to welcome the entire community of competitors, collectors, sponsors, and fans to play together.”

The startup being backed by Paradigm Capital is an indication of how pivotal investors consider the startup in its bid to occupy a key position in the development of thrilling Web3.0 games in the near future. Wildcard will be resident on the Polygon network, a preferred option for cheaper fees and scalability.

Wildcard is set to empower spectators as well as competitors as it said it will commit to building a gaming platform that works for all. Despite the mind-boggling slump the crypto industry is experiencing which is causing massive employee layoffs amongst top crypto exchanges like Coinbase, the capital raised by Wildcard is evident that investors’ focus is not shifting from what works best for the future of web3.0.

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Tagged : News / VENTUREFUNDING / Web3 / WILDCARDALLIANCE

Andreessen Horowitz Floats $600M Gaming Fund

by Blockchain NewsMay 20, 2022

After more than a decade of actively investing in the gaming industry, Andreessen Horowitz (a16z) wants to further exert its influence in that space.

In order to do this, the investment giant has floated a $600 million fund which it believes will help position it aright to tap enough market share in the more than $300 billion industry.

The company said it floated the fund which it named Games Fund One with the backing of key players in the gaming industry including David Baszucki, founder of Roblox; Jason Citron, founder of Discord; Marc Merrill, co-founder of Riot Games; Mike Morhaime, co-founder of Blizzard; Aleks Larsen and Jeffrey Zirlin, co-founders of Sky Mavis; Kevin Lin, co-founder of Twitch, Mark Pincus, founder of Zynga; and Riccardo Zacconi, founder of King.

The enormous funds will be used to support startups building a wide range of solutions in the space. These solutions border on infrastructure, supporting ecosystems for developers, and outfits developing games directly.

“GAMES FUND ONE is founded on the belief that games will play a pivotal role in defining how we socialize, play, and work over the next century. Over the past decade, games have undergone a radical transformation, from simply being packaged entertainment to becoming online services that more closely resemble social networks and scale-like consumer technology companies,” the firm said in a blog post written by the trio of Andrew Chen, Jonathan Lai, and James Gwertzman, General Managers at a16z who will be in charge of the fund.

As it has gone all out with gaming, Andreessen Horowitz is also bullish on the role blockchain technology and Web3.0 has to play in the long-term future of the gaming industry.

The firm detailed in a report earlier how Web3.0, powered by blockchain is a better offshoot for creators when compared to traditional solutions, and as such, the investment from Games Fund One will be extended to the emerging ecosystem to complement earlier investments in CryptoKitties and Axie Infinity and other notable startups in the space.

Andreessen has also been an active proponent of the blockchain gaming space. The company’s general partner Arianna Simpson has led investments in several high-profile pay-to-earn and crypto-related gaming companies like Axie Infinity maker Sky Mavis.

According to Protocol, the fund will also collaborate with Andreessen’s crypto fund to co-invest in blockchain gaming deals.

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Tagged : A16Z / ANDREESSENHOROWITZ / Finance / Games / VENTUREFUNDING