Ubisoft and Take Two are supporting video game maker NFT through contributions in the Series A funding round that Horizon undertook a few days ago.
The company Horizon has raised a successful Series A round of funding thanks to the support of large investors, which mainly include video game companies that support the advancement of web3, metaverse and NFT games.
Horizon is a web3 company that has participated in the development of the renowned NFT Skyweaver video game, which is based on a competitive web3 card game. After the round of funding they raised for the company, they have been very grateful for the participation of investors, and assured that they will use the funds to improve the Skyweaver game.
On the other hand, they announced that they will also use part of the funds for the launch of a decentralized exchange they have been working on, which is based on digital collections: NiftySwap. It will be a decentralized marketplace, running on Ethereum and Polygon, and will focus on ERC-1155 semi-fungible tokens (SFTs), which are used for games and collectibles.
In addition to the two aforementioned investors, they have had the participation of other large companies, both in the traditional field, as well as in the web3 and blockchain fields, such as Polygon, Unicorn, Jaws, among others. They also counted with the investment of individual subjects, such as the CEO of Shopify, Tobias Lütke, and directors of Lolli, The Sandbox and Axie Infinity.
This was their second round, raising $40 million. In the first round they had raised $13.3 million as part of a seed investment. In addition to these two rounds, they also received another $5 million in 2020 that was intended to fund Skyweaver’s growth.
Skyweaver is an online NFT card battle game with more than 400,000 accounts. To date it is considered one of the most famous and successful blockchain games in the world.
This game was first released in 2018, and each card represents a non-fungible ethereum token (ERC-721). In this way, cards can be traded and sold, in the style of other competing video games such as Gods Unchained, or Blizzard’s Hearthstone.
Beyond this novelty being a great achievement for Horizon, it is worth noting the participation of Ubisoft and Take-Two Interactive, which are among the largest video game companies in the world.
Ubisoft has already had previous participation in NFT game projects with their respective virtual collectibles, but the most relevant thing that the company has are its collaborations with the blockchain Tezos, which provides support to various NFT in some of its most important games, such as Ghost Recon Breakpoint.
On the other hand, Take-Two is currently working with different titles based on the use of NFT. To mention some of the production companies under its charge, we can find Rockstar Games and 2K Games, two emblematic companies in the videogame sector.
Written by Luciano Garriga (TW:@luchogarriga) for NFT Express