Web3 Gaming Startup Horizon Raises $40 Million
Brevan Howard and Morgan Creek’s digital asset divisions lead a $40 million financing in Web3 game company Horizon Blockchain Games.
According to the startup in an interview with Bloomberg on Tuesday, the Series A funding would be used to enhance its platform for developers Sequence and Niftyswap, a digital-asset marketplace.
Ubisoft Entertainment SA and Take-Two Interactive Software also took part in the round.
Horizon will also keep investing in the development of its NFT fantasy trading card game. Horizon co-founder and CEO Peter Kieltyka said:
“It’s something that anyone can use and that anyone can participate in.”
The firm declined to reveal its value following the transaction but stated that it was larger than when it had received funds in July of last year. The announcement comes as blockchain gaming businesses continue to seek more financing from investors.
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