Parallel studios, the start behind Ethereum NFT card-fighting parallelHe announced at the end of Wednesday He collected 35 million dollars With new funding from major companies and several well-known angel investors from around the crypto world.
The list includes investment management giant VanEck, Solana Ventures, the basis Anatoly Yakovenko and Raj Gokal, co-founders of Solana, an ecosystem fund, co-founders of Collaborative + Currency and Spartan Group, Angel List; Pudgy Penguin Owner and CEO Luca Nets, and Profit Guild Games Co-founder Gaby Dizon and others.
Parallel previously in 2010 It has raised $50 million from Paradigm in 2021, which the studio says is then valued at $500 million. The company did not disclose the revised valuation or the format of the latest funding round.
However, Parallel Studios shared some details. Decrypt‘s GG has more clarity on how it plans to use the $35 million infusion and what's next for not just Parallel—GG 2023 game of the year– but also recently announced Colonization game powered by AI It is being built on Solana.
The fundraiser comes weeks later It was open to the public Free-to-play beta. According to a studio representative, Parallel Studios aims to “start getting more users on board” with its latest expansion. Parallel Ambassadors Program and working with a wide range of influencers as well as paid advertising in various markets globally.
They also aim to roll out some significant moves in the coming months, including a launch on the Epic Games Store and Steam and an upcoming in-game launch. Expansion of planetary collapse.. He said mobile versions are also on the roadmap and “is a key area of interest,” but no timeline has been finalized there.
The representative added that Parallels is seeing almost 10 times the website's registrations before it recently started open beta testing in January, and is now at its best ever for daily active users. The team said it plans to publicly share such data in the near future if it can better verify the measured statistics.
And then there's the colony, another major focus of the studio. After much teasing, Parallel Studios has recently launched one. Wide white paper As seen in parallel, it details a generative AI-powered “survival simulation” game that uses the Solana blockchain instead of Ethereum and Scaling Network Base.
As noted above, Solana Ventures participated in the latest funding round, and two of the network's prominent co-founders are also counted among the backers.
Parallel Studios aims to have a beta version available to the public by the end of the year, echoing the target outlined in the white paper. Funding will help further development on Wayfinder, an on-chain AI protocol that will power colonization and other apps and games in the future.
“WiFinder is a new form of artificial intelligence (AI) that enables user-owned, autonomous AI agents to safely and efficiently navigate within and across blockchain ecosystems and applications.” White paper He reads.
A pre-alpha version of Colony has already been tested, but the studio says it will use investment funds to ramp up the game's development and conduct more tests this summer. The rep said Parallel Studios is “moving very, very quickly to hire more people in Colony” to reach those goals.
PRIME, an Ethereum-based parallel token for use in Solana Colony. It's up 12% over the past day. At the current price of $23.30 since the funding news was announced. The token has been on a high lately, rising 63% in the last 30 days. It set a new all-time high of $28.00 on March 18th following the recent Colony reveal.
Edited by Ryan Ozawa.
Stay on top of crypto news, get daily updates in your inbox.
