Today news
About the same in other media
FTX-backed studio explains why Solana is better for game developers
Reading now: 958
While the Ethereum blockchain has the community advantage, the competition with Solana is heating up thanks to the rise of blockchain-based play-to-earn games, which is now simply called GameFi.
Founded by Scopely and Glu Mobile veterans, game developer and publisher Faraway announced that the studio has raised $21 million in a Series A funding round led by Lightspeed Venture Partners and major crypto exchange FTX. Along with the $8-million seed round, Faraway now has $30 million in total funding from renowned crypto ecosystem investors a16z, Sequoia Capital, Pantera Capital, Jump Capital and Solana.
The company is developing its flagship title, a browser-based live multiplayer game called Mini Royale: Nations, on the Solana blockchain.
Read more on cointelegraph.comAbout this in other media
Crypto.com Grabs Naming Rights of Staples Center for $700M blockchain.news /2 years ago
Ethereum Layer-two developer StarkWare valued at $2B following $50M raise cointelegraph.com /2 years ago
Paradigm One Bags Record-breaking $2.5b for Largest Crypto Venture Fund blockchain.news /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
