MLB-Backed Lucid Sight Raises $6M to Take Its Blockchain Games Mainstream
Proud to announce our latest news! https://t.co/t0Ha82q8oT
— Lucid Sight (@LucidsightInc) April 2, 2019
According to a press release shared with us, the latest round brings Lucid Sight’s total funding to $11 million, with the new capital set to expand the reach of its current games by deploying them on additional platforms, in addition to launching a developer toolset called Scarcity Engine later this year.
“This capital will allow us to bring games such as MLB Champions and CSC to the masses while maintaining the benefits of digital scarcity provided by blockchain technology.” said Lucid Sight CEO and co-founder Randy Saaf. “We have found that game players enjoy digital ownership in our games, but users want to be able to game where they traditionally game: mobile, PC and console.”
The Scarcity Engine is the technology that is currently fueling both MLB Champions and CSC, the latter of which is a sandbox MMO space game that features a
real-time, player-controlled economy. Lucid Sight notes that it is planning to bring CSC to Early Access on Steam in 2019.
Similar to the approach being used by Enjin (ENJ), which recently brought its Blockchain SDK to the widely used Unity game engine, Lucid Sight hopes to help bridge the gap between traditional gaming and crypto with the Scarcity Engine. The company notes that it already has third-party developers set to leverage the first iteration of the platform.
The fundraising round included Salem Partners, The Galaxy EOS VC Fund, Digital Currency Group, Breakaway Growth, Frontier Venture Capital and Animoca Brands. This new cohort joins previous investors, including Major League Baseball, Rana Capital Partners, Los Angeles Lakers VP Research & Development Joey Buss and AppOnboard Founder and mobile game industry pioneer Jonathan Zweig.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.