Horizon Blockchain Games, the developer behind the game Skyweaver, has raised $40 million in Series A funding, the company revealed on Oct. 4. The round was led by Brevan Howard Digital and Morgan Creek Digital, with additional participation from Polygon, Take-Two Interactive, Ubisoft, Xsolla, Sebastien Borget, co-founder of The Sandbox, Sky Mavis and co-founder of Axie Infinity Aleks Larsen, among other investors.
With the funds, Horizon plans to invest in Web3 products and expand its operations. Specifically, the company wants to grow its developer pool and smart wallet chain, expand the content and access to non-fungible token (NFT) card game Skyweaver, and introduce semi-fungible token (SFT) to market Niftyswap.
Series A allows the company to “grow the Sequence ecosystem by attracting more builders to our platform through marketing, community and partnership initiatives,” said Peter Kiltica, Horizon co-founder and CEO.
Based on the Polygon network, Skyweaver allows players to battle each other and earn token cards to trade through its marketplace. The game launched in February after months of testing for a limited number of players. According to the company, more than 3 million games have been played in the private beta and 345,000 people have signed up to queue before going live.
Niftyswap Market is expected to make SFT trading easier by providing on-chain liquidity. SFT is a token that can be fungible and non-fungible. Tokens are fungible until redeemed, when they lose their value and become indestructible. It is enabled by the ERC-1155 token standard, which was jointly created by the Horizon team.
Related: Solana Tech Developer Coral Raises $20M, Plans to Launch ‘xNFT’ Protocol
The number of users interacting with blockchain gaming decentralized applications (DApps) increased in September, according to data from DappRadar, with seven of the top 10 games having more “unique wallet addresses that interact with dapp smart contracts” and all top five games publishing positive results. .