Proof of Play Secures $33 Million Funding for Web3 Game Development
Written with artificial intelligence.
Web3 gaming company Proof of Play has raised $33 million from a16z’s Chris Dixon and Greenoaks. The company launched its first game, 'Pirate Nation,' in free-to-play mode, aiming to build lasting, fun gaming experiences on blockchain technology.
Funding and Mission
Proof of Play, a Web3 gaming firm founded by veterans from notable companies like Epic Games, Zynga, and Activision, has secured $33 million in funding. Investors include Chris Dixon from a16z and venture capital firm Greenoaks. CEO Amitt Mahajan emphasized that the company's focus is on creating enjoyable games rather than just innovative technology, aiming to revitalize the gaming experience.
The Vision for Decentralized Gaming
Mahajan, who was instrumental in developing Zynga's successful Farmville, expressed a desire to avoid the pitfalls that left Farmville players without their investments when the game was shut down. He believes that utilizing blockchain technology allows games to persist beyond their creators as long as there is support for the underlying infrastructure. This could lead to a new era of games that endure indefinitely.
Launch of 'Pirate Nation'
In conjunction with the funding announcement, Proof of Play launched its first title, 'Pirate Nation,' in a free-to-play model. Players can start without any initial purchases, although there is a waitlist to access the game. Mahajan views 'Pirate Nation' as a foundational step toward developing a new genre of decentralized games, aligning with the original vision of the internet.