LongHash Ventures Leads USD 1.5 Million Pre-seed Funding Round for Web3 Game Data and Development Platform Particle Network

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Singapore, Singapore, 4th May, 2022, Chainwire

LongHash Ventures, one of Asia’s leading Web 3-focused venture funds and accelerator, has announced that it led a USD 1.5 million pre-seed funding round for Particle Network, a Web3 mobile game development platform that aims to accelerate game developers’ transition to Web3 by providing developers with the toolkit to build, host, and scale gaming dApps with ease.

“We’re excited to back Pengyu Wang and the team at Particle Network,” said Emma Cui, Founding Partner of LongHash Ventures. “This investment underlines our bullish thesis on Web3 gaming and, more specifically, Web3 mobile gaming. Particle Network removes one of the biggest obstacles to the development of the Web3 gaming ecosystem: the lack of Web3 mobile tech stack and social graphs that developers need to efficiently build and launch immersive gaming dApps. By providing a fully managed backend infrastructure, Particle Network enables developers to accelerate their Web3 game development.”

The funding round also includes participation from Insignia Ventures Partners, CyberConnect, BitCoke Ventures, 7 O’Clock Capital, FSC Ventures and Monad Labs. Particle Network will utilize the funds to grow its team, nurture its global developer community, and polish the launchpad to give developers the fastest path from idea to mass scaling Web3 games.

“We're grateful to be backed by an incredible group of investors in this round of financing led by LongHash Ventures,” Particle Network Co-founder and CEO Pengyu Wang said. “When we first ventured into the Web3 world as devs, we realized we had to build the very basics of a mobile app from the