Skyweaver's parent company secures $40M in Series A funding

Horizon Blockchain Games, the developer down the Skyweaver game, has raised $40 cardinal successful Series A funding, the institution disclosed connected Oct. 4. The circular was led by Brevan Howard Digital and Morgan Creek Digital, with further information from Polygon, Take-Two Interactive, Ubisoft, Xsolla, The Sandbox’s co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, among different investors. 

With the funds, Horizon plans to put successful Web3 products and standard its operations. Specifically, the institution wants to turn its developer stack and astute wallet Sequence, grow the contented and scope of the nonfungible token (NFT) turn-based paper crippled Skyweaver, and present the semi-fungible token (SFT) marketplace Niftyswap.

Peter Kieltyka, Horizon co-founder and CEO, said the Series A allows the institution to "grow the Sequence ecosystem by attracting much builders to our level via marketing, community, and concern initiatives." 

Based connected the Polygon network, Skyweaver enables players to conflict each different and gain tokenized cards to commercialized via its marketplace. The crippled was launched successful February after months of investigating for a constricted fig of players. According to the company, implicit 3 cardinal games were played successful the backstage beta and 345,000 radical signed up for the waitlist earlier it went live. 

The Niftyswap marketplace is expected to marque trading SFTs easier by offering liquidity on-chain. SFT is simply a token that tin beryllium some fungible and nonfungible. Fungible, until they get redeemed, erstwhile they suffer their worth and go nonfungible. It was enabled by the ERC-1155 token standard, which was co-created by Horizon's team.

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The fig of users interacting with blockchain gaming decentralized applications (DApps) accrued successful September, according to information from DappRadar, with seven of the apical 10 games having much "unique wallet addresses interacting with dapp's astute contracts" and each the apical 5 games posting affirmative results.