• Fri, 15 Nov 2019, 03:25 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Blockchain-based game studio Horizon secures $3.75M investment led by Reddit co-founder

Thu, 18 Jul 2019, 10:28 am UTC

Blockchain-based game studio Horizon Blockchain Games has secured $3.75 million in seed funding led by Reddit co-founder Alexis Ohanian’s Initialized Capital.

As per a press release, other investors include Coinbase Ventures, Polychain Capital, Digital Currency Group, and Inovia Capital.

The Toronto-based company aims to produce high-quality, Hearthstone style online trading card game across iOS, Android, Mac, Linux, and Windows, VentureBeat reported.

Horizon created Arcadeum, an Ethereum-based blockchain video game network that enables players to secure wallets to store their assets from blockchain games, including SkyWeaver. It also serves as an application browser, which allows game developers to release and market new games.

At Horizon, we’re passionate about giving games blockchain super-powers by offering our players the freedom to own and trade digital items across an open Internet,” Peter Kieltyka, Horizon Co-Founder and CEO, said in its announcement.

The firm's online game SkyWeaver combines trading card game features and freedom of players to own cards. The HTML5 game is slated to be released in open beta this fall.

We are proud to have invested because not only do they have a long term future vision with a desire to make a positive impact on society, they are a far-seeing video games company, making engaging experiences that will give players all the benefits of digital and physical worlds colliding,” Ohanian stated.

Last month, Ethereum-based decentralized video encoding platform Livepeer also raised $8 million in a Series A funding led by Northzone, in a bid to productize its technology and promote further adoption of scaled video apps and independent video developers.

Azarus, another blockchain-based service that runs on video game challenges, also raked in $1.8 million of investments to establish its EOS blockchain-powered “smart challenge” platform.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,625.36 (-1.84%)
  • Ethereum (ETH) $183.78 (-2.08%)
  • XRP (XRP) $0.267100 (-2.11%)
  • Bitcoin Cash (BCH) $274.26 (-3.84%)
  • Litecoin (LTC) $59.29 (-2.75%)
  • Bitcoin (BTC) $8,625.36 (-1.84%)
Nov 14, 2019 (Thursday)
12:14
Amun AG launches Tezos ETP on Swiss SIX Exchange; makes available 7 crypto ETPs on Boerse Stuttgart
11:38
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:37
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
10:59
Samsung SDS integrates QEDIT’s private asset transfer solution with Nexledger blockchain
10:46
Crypto Technicals: BTG/USD slips lower to test 4H 200 SMA, break below to see more downside
10:11
ASX-listed firm DigitalX launched new bitcoin fund
09:23
Telegram denies all SEC allegations concerning its gram token and sale
08:23
Crypto Technicals: XMR/USD pauses shy of 110-EMA (67.251), break above to fuel more gains
07:17
AFME calls for a common approach for regulation of crypto-assets in Europe
06:49
Crypto Technicals: XRP/USD edges higher from fresh 3-week lows at 0.2565, bias strongly bearish
06:21
Chinese bitcoin mining giant Canaan seeks to raise $100M in US IPO
05:20
Crypto Technicals: LTC/USD breaks below 21-EMA, eyes 50-DMA at 57.28
05:19
Crypto data provider Messari raises $4M from Uncork Capital, Coinbase Ventures and others
04:35
Crypto wallet startup Bitski secures $1.8M from Winklevoss Capital, Coinbase and others
04:06
Crypto Technicals: BTC/USD confined to narrow range trade, 5-DMA caps upside at 8814
Nov 13, 2019 (Wednesday)
13:19
CME sets January 13 as target date for bitcoin options launch
12:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:17
HSBC, SGX, Temasek explore DLT for end-to-end digitalization of fixed income securities
11:18
Crypto Technicals: LTC/USD trade rangebound, holds support at 21-EMA (60.12)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft