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Proof of Play raises $33M for Web3 RPG, ex-Twitch CEO joins board

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Proof of Play introduced $33 million in seed funding to gas the expansion of its invite-only, on-chain pirate RPG, Pirate Nation. Gamers construct ships, recruit crew members and battle enemies to compete for glory on the leaderboard.

Since its beta launch in December 2022, Pirate Nation has shipped weekly updates. These embrace card-based fight, island constructing and community-led world boss raids.

Pirate Nation’s infrastructure is solely blockchain-based. Nonetheless, the corporate plans to shortly immerse gamers within the sport somewhat than front-loading it with technical boundaries to entry. Presently, Pirate Nation is within the technique of welcoming its first free-to-play gamers.

Chris Dixon at Andreessen Horowitz (a16z) and Neil Mehta at Greenoaks co-led the funding spherical. Naval Ravikant, Balaji Srinivasian, the founders of Twitch, Anchorage Digital, Mercury, Firebase, Zynga and Alchemy additionally participated.


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Perpetually Video games on-chain

Proof of Play needs to create a “Perpetually Sport” that doesn’t depend on creator intervention or exterior servers to proceed to function. Gamers may have unprecedented management so as to add and take away content material, additional pushing the bounds of decentralization.

This permanence is important to Amitt Mahajan, cofounder and CEO of Proof of Play.

“As one of many creators and lead developer of Farmville, the #1 Fb sport performed by over 300 million folks, I noticed first-hand what the quantity of power and storytelling gamers put into video games they love. When the sport shut down in 2020, nevertheless, over a billion hours of playtime, creativity and funding was misplaced. Realizing this, I felt compelled to discover a higher strategy to make video games timeless. Proof of Play is dedicated to constructing totally on-chain video games, and the technical instruments to energy them, in an effort to facilitate autonomous worlds, guarantee sport longevity, and create a extra immersive participant expertise. We’re creating multi-generational merchandise — video games that may outlast us and are owned by the communities that play them,” mentioned Mahajan.

Notably, Proof of Play has already taken essential steps to verify Pirate Nation is sustainable. In March, Pirate Nation migrated from Polygon’s Etherum sidechain to Arbitrum Nova resulting from mounting gasoline charges. With all in-game exercise occurring on chain, the developer was absorbing “$3,000 and $4,000 a day” in gasoline charges previous to the swap. Its “gasless, signless, seamless” tech resolution will play a key function in Proof of Play’s broader imaginative and prescient for its future.

Proof of Play’s path forward

Proof of Play’s comparatively bigger increase displays the corporate’s sweeping imaginative and prescient for an open-source platform. The corporate plans to create video games and infrastructure that allow gamers to create in-game options. Proof of Play or creators can then use this user-generated content material to craft and scale autonomous worlds.

To help this open platforms ethos, Proof of Play plans to plans to open-source its expertise framework. This may permit creators to make on-chain video games and functions utilizing Proof of Play’s structure.

“We’re thrilled to be backing Proof of Play as they construct an on-chain gaming future with composability, interoperability and permanence on the core of gameplay, enabling gamers to really personal their property and anybody to create a brand new sport on prime of one other. Amitt is a superb founder with the distinctive potential to develop video games that individuals like to play in addition to innovate on the underlying tech stack to push the boundaries of on-chain efficiency and potentialities,” mentioned Chris Dixon, founder and managing companion, a16z crypto.

Alongside this increase, Proof of Play welcomed Emmett Shear, co-founder and former CEO of Twitch, to its board. Shear resigned as CEO in March 2023 after 16 years main the livestreaming platform. This contains main the corporate by means of Amazon’s 2014 acquisition.

Since stepping down, Shear has served as a visiting group companion at Y Combinator in line with LinkedIn. His expertise main and advising startups and experience in gaming content material and creators will likely be helpful property for Proof of Play.

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