Brevan Howard is $ 40 million in a blockchain gaming startup

Brevan Howard is $ 40 million in a blockchain gaming startup

Horizon Blockchain Games, the creator of the popular blockchain game Skyweaver, has applied a series A worth $ 40 million under the direction of Brevan Howard Digital and Morgan Creek Digital.

Other risk capital companies that took part in the round were Take-Two Interactive Software, Polygon, Ubisoft, Xsolla and others. Individual investors, including Tobias Lütke, CEO von Shopify, Sebastien Borget, co -founder of The Sandbox, and Aleks Larsen, co -founder of Sky Mavis and Axie Infinity, also invested in the fundraising campaign.

This recent financing round is used to scale Sequence, a developer platform and an intelligent wallet that was developed for web3 games, to expand the audience of Skyweaver and to introduce the marketplace NIFTSWAP for semi-fungible token (SFT).

SFTS are an ERC-1155 token that is used in video games and meta-verse assets. Horizon plans to present Niftyswap before its publication in the course of this autumn of a group of testers.

From June 2022, 407,000 Skyweaver accounts had played over 4.8 million games. According to the company, the Sequence Wallet is said to have over 675,000 users and is integrated into a box-NFT marketplace on Polygon from DAZN, a sports entertainment platform.

According to data from DAZN, 80 % of its users were exposed to crypto and NFTs for the first time, a fact that Deborah Marfurt, Chief Financial Officer at Horizon, considers great performance.

"The fact that we were clearly oversubscribed in this difficult and declining market shows the world-class expertise of our team, the excellence of our products, our joint web3 vision and the basics of how we lead this company," said Marfurt.

Brevan Howard Asset Management was extremely active in investments in the cryptocurrency area. The hedge fund collected over $ 1 billion of institutional investors in August and recently invested in injective, a Layer 1 blockchain network in the Cosmos ecosystem.

Colleen Sullivan, Co-Head of Ventures at Brevan Howard Digital, said in a statement that the sequence platform "has enormous potential to unlock the mainstream access for millions of games and applications".

"We believe that Horizon is ready to become the leading platform, wallet and gaming company of the Web3 generation," said Sullivan.

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The contribution Brevan Howard Pours $ 40 million in Blockchain Gaming Startup is not a financial advice.