CCP Video games secures $40M funding for upcoming Web3 recreation

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Unbiased recreation developer CCP Video games, recognized for its multiplayer on-line recreation Eve On-line, has introduced that it has secured $40 million in financing from exterior companions to develop a brand new AAA title set within the Eve universe. 

The financing was spearheaded by enterprise capital agency Andreessen Horowitz, with participation from Makers Fund, Bitkraft, Kingsway Capital, Hashed, Nexon and different traders.

Based on CCP Video games, the upcoming venture will depend on blockchain know-how and sensible contracts to develop core recreation programs, prioritizing persistence and composability, and enabling open third-party improvement to attach gamers and digital worlds. CCP Video games goals to create a brand new relationship between digital worlds and gamers by creating a recreation with a deeper stage of participant autonomy and company. The developer believes blockchain know-how will support in that goal

Based in 1997, CCP Video games is headquartered in Reykjavik, Iceland and has further studios in London and Shanghai.

Associated: What are Web3 video games, and the way do they work?

Andreessen Horowitz, often known as a16z, is a number one enterprise capital agency that misplaced billions within the crypto business in 2022. Regardless of struggling losses, a16z mentioned it remained dedicated to investing within the crypto market and the Web3 imaginative and prescient of the web. Chatting with The Wall Road Journal on Oct. 26, a16z basic accomplice Chris Dixon mentioned the crypto market downturn represented a possibility to proceed supporting crypto entrepreneurs and that the sector has a long-term horizon for development.

On Jan 17, Carry1st, a cell video games writer in Africa, raised $27 million in a funding spherical that noticed participation from Andreessen Horowitz. The funding might be used to advance its publishing and digital content material creation platform, because the backers imagine that the African continent is ripe for Web3 adoption.