Blockchain Game Studio Horizon Games Raises $5 Million

SkyWeaver game art (Horizon Games)

Horizon Games, a Toronto-based startup blockchain game development studio, announced on Friday that it has closed a $5 million financing round led by Initialized Capital.

According to the announcement, the new funds will be used to help bring Horizen Games’ first title, SkyWeaver, to market while also facilitating the company’s effort to build out its NFT-focused infrastructure.

“Similarly to how Epic Games released Unreal to showcase the Unreal Engine, we’re releasing SkyWeaver to showcase our blockchain stack for open virtual worlds with novel player incentives and new monetization possibilities,” the Horizon Games’ team stated. “We are incredibly excited about SkyWeaver’s future and we hope you will love it as much as we do.”

SkyWeaver, a free-to-play blockchain trading card game similar to Hearthstone, has officially entered its preseason where players can begin competing prior to the official launch of the open beta later this year. The game will allow cross-play on Windows, macOS, Linux, iOS and Android.

Horizon Games previously raised $3.75 million in a seed round in 2019. The latest round also included ConsenSys, CMT Digital, Regah Ventures, Golden Ventures, DCG and Polychain.

More: Horizon Games’ 2020 Announcement
Interesting: Upcoming Strategy MMO Metaboss Will Feature NFTs From Other Games

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.

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