Blockchain gaming startup N3TWORK Studios has secured $46 million in Sequence A funding led by enterprise capital agency Griffin Gaming Companions.

Funds raised can be used to develop two of the studio’s Web3 video games, Legendary: Heroes Unchained and Triumph.

Traders additionally embody Kleiner Perkins, Galaxy Interactive, KIP, Floodgate, LLL Capital, and so forth.

N3TWORK Studios has been working to broaden crypto gaming audiences and goals to boost Web3 gaming experiences that every one forms of players will profit from.

As a part of the funding settlement, Peter Levin, Director of Griffin Gaming Companions, may also be part of the Board of Administrators of N3TWORK Studios.

Peter Levin, Managing Director of Griffin Gaming Companions mentioned: “Web3 is a paradigm shift and can massively broaden the video games market. Cell gaming and free-to-play reshaped the gaming panorama years in the past, and the imaginative minds which have spearheaded that transformation are greatest positioned to use the modern considering crucial to alter the way in which that we play once more. N3TWORK Studios has the confirmed observe file and information base to completely understand this potential.”

Ttriumph gamers can go on quests and combat monsters, giving gamers an modern financial system that may be a mixture of free-to-play and web3.

Whereas Legendary Heroes Unchained is a crypto RPG sport based mostly on the favored Legendary: Sport of Heroes IP. It is also a play-to-earn (P2E) mode.

P2E or GameFi is the subsequent large alternative for Web3 and Blockchain.

P2E is a well-liked enterprise mannequin developed within the blockchain gaming world that integrates each Web3 and blockchain, which corresponds to the F2P (Free to Play) mannequin widespread within the real-world gaming business.

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