• Horizon Blockchain Games has raised $4.5 million in new funding ahead of the launch of its first product

  • Horizon Blockchain Games, a development studio, has raised $4.5 million in investment.

    Investors included BITKRAFT Ventures, CMT Digital, The Xchange Company, Khaled Verjee, and Zyshan Kaba in the pre-Series A round, which the firm described as a “SAFE from strategic gaming and blockchain investors” (meaning simple agreement for future equity).

    Horizon’s total fundraising to date is $13.25 million, which includes rounds of $5 million and $3.75 million raised in 2020 and 2019, respectively.

    Horizon is now a part of Ubisoft’s accelerator program, and with the investment in hand, it plans to officially debut two products this year: Skyweaver, a blockchain-based collectible card game, and Sequence, a suite of Ethereum development tools.

    “We’re ecstatic to launch both products this year, allowing absolutely everyone with an Internet connection to participate in and benefit from the next generation of the Internet: the decentralized web,” said CEO Peter Kieltyka in a statement.

    Blockchain-centric gaming aims to use the technology to generate digital scarcity and prove the provenance of in-game goods and items, with the possibility of assets being fungible between titles. Splinterlands, a Hive-based game that raised $3.6 million in a token sale, is one of the most recent gaming fundraising rounds.

    What's your reaction?