The gaming industry is mooning, especially as it is integrating into Web 3 and the blockchain technology. In lieu of that, several Startups are springing up to satisfy the increasing demand in the industry.
One of these Game-Fi Startups is OP Games. The Startup announced its successful closure of $8 million seed funding round on Thursday, 7th of October. This round seeks to strengthen the foundational basis of the Startup.
The Startup’s CEO and Co-founder, Chase Freo, expressed the news thus: “We welcome this hearty endorsement of the work we have done to power up the gaming landscape using Web 3.0’s superpowers: open-source and community ownership.”
The backers of this round are OKex Blockdream Ventures, Defi Alliance, Polygon Studios, Morningstar Ventures, SevenX Ventures, Ascensive Assets, Bitcoin.com, and Mechanism Capital among others.
To provide a background, OP Games is a multichain gaming platform that runs on both Ethereum and NEAR protocols. The aim of the project is to create games that are owned and controlled by the community; Creators, developers, players, and investors.
The platform hopes to merge the reality of Non-Fungible Tokens (NFT) and Decentralized Autonomous Organization (DAO) as the bedrock of the community. As players are playing games on the platform, they will have opportunities to earn digital assets and make decisions in the community.
Furthermore, OP Games will be launching its NFT project on October 12. As part of its long-term visions, it hopes to support the creation of 500 new games before the end of next year.