• Sun, 25 Aug 2019, 11:31 PM
  • All times are UTC
  • Edition:
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.
  • Bitcoin (BTC) $10,082.10 (-0.37%)
  • Ethereum (ETH) $186.70 (-1.92%)
  • XRP (XRP) $0.269700 (-0.76%)
  • Bitcoin Cash (BCH) $305.24 (-0.39%)
  • Litecoin (LTC) $72.20 (-1.40%)
  • Bitcoin (BTC) $10,082.10 (-0.37%)
Aug 23, 2019 (Friday)
Stablecoin project Terra receives funding from HashKey Capital
Three of the founding members of Libra Association consider backing out: Report
Overstock's Patrick Byrne steps down as CEO
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
BitGo announces support for multi-signature EOS wallet and custody services
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
Crypto exchange Coincheck mulls launching IEO Platform
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Sierra Leone launches blockchain-based National Digital Identity Platform
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.