Battery Ventures is a investment firm that focuses on technology. It invests in potentially, category-defining businesses in markets including application software, IT infrastructure technologies, consumer-internet and mobile services, and industrial technologies.

Battery Ventures

Canaan is an early stage venture capital firm that invests in entrepreneurs with visionary ideas. With $5B under management, a diversified fund and over 190 exits to date, Canaan has invested in some of the world's leading technology and healthcare companies over the past 30 years. Canaan’s focus areas include fintech, enterprise/cloud, marketplaces, frontier tech, biopharma, digital health, and medtech.

Canaan Partners

For US-based startups, identifying and accessing strategic partners in Asia can sometimes seem like a daunting challenge. With TransLink Capital’s support, guidance, and relationships with the most significant companies in Asia, our portfolio companies can develop the necessary long-term partnerships to transform their businesses and expand in Asia and beyond.

Translink Capital

Andreessen Horowitz is a venture capital firm specializing in investing in seed, start-ups, early, mid-stage, growth, and late-stage. It prefers to invest in the social media business and technology sector with a focus on software, back-end infrastructure, the infrastructure of the Internet, cloud computing, enterprise software and services, consumer, business Internet, mobile-Internet, consumer Internet, cloud computing, data storage, social network browsers data-storage, consumer electronics, networking functions, software related biology, biotech, and medicine companies at the intersection of computer science and life sciences with a focus on digital therapeutics, cloud technology in biology, and computational medicine.

Andreessen Horowitz

Abstract Ventures is a sector agnostic venture investor in pre-seed, seed, Series A and B startup companies. It serves as pavers for founders, making vital connections for fundraising, talent, customers, and advice. The firm is a dot connector, counting the world’s most visionary investors, founders, and industry leaders as our allies.

Abstract Ventures

The House Fund is a pre-seed and early stage venture capital fund focused on the boldest Berkeley startups.  UC Berkeley has some of the most brilliant minds and daring businesses in the world, like Tesla, Apple, and Intel. It has never had a place to unite its entrepreneurs, until now. Started in 2016, with 50+ investments, $2B in follow-on funding, and 10 exits later, The House Fund has become a thriving ecosystem for the boldest Berkeley startups to grow.

The House Fund

Gaingels is a venture investment syndicate in service of the LGBT+ community and its allies, investing in companies with LGBT+ founders and C-suite leaders at all stages of growth, as well as in more established companies resolved on building more inclusive teams, with a global portfolio of 130+ companies and $70M in deployed investment capital to date.  The Gaingels network also actively supports its portfolio in identifying and recruiting diverse talent to their C-suite and board leadership teams and fosters a vibrant global community of industry leaders, investors, operators, and entrepreneurs who share a common goal for positive social change through business and successful investments.

Gaingels

Green Bay Ventures (''GBV'') is a San Francisco based venture capital firm. The Firm is led by C. Richard ''Dick'' Kramlich and Anthony Schiller, who co-own and co-manage the Firm. Since 2012, Dick and Anthony have originated and made investments in world-class companies including Lyft, Dropbox, Xiaomi, MuleSoft, Databricks, Spotify, TransferWise, and DocuSign plus other leading early-stage venture capital deals. Dick and Anthony have designed GBV to build on the same instinct and vision which helped Dick and the firm he co-founded, NEA, pioneer investment in and commercialization of Ethernet (3Com), high capacity networking (Juniper Networks), balloon angioplasty (Advanced Cardiovascular), web-based remittances (Xoom) and graphics processing (Silicon Graphics) — but at a scale where the team can focus on a small number of high conviction opportunities and support a select group of visionary entrepreneurs working to create breakthrough technologies and transform industries. The Firm’s existing investors include some of the world’s most prominent families, top-tier venture capital investors, entrepreneurs, and Silicon Valley CEOs whose active engagement with portfolio companies provides deep domain expertise and direct access to target markets.  GBV believes that by leveraging the networks and businesses of the Firm’s investors, its portfolio companies gain an advantage — helping the growth of their businesses and the deployment of their technologies.

Green Bay Ventures

Supporting teams fueling the decentralization of the web and society

1confirmation

Coinbase Ventures is an investment arm of Coinbase that aims to invest in seed-stage cryptocurrency and blockchain startups. The company was founded in 2018 and is based in San Francisco, California, United States.

Coinbase Ventures

A16z crypto is a $300M venture fund that will invest in crypto companies and protocols. The company's fund is designed to include features of traditional venture capital, updated to the modern crypto world.

a16z crypto

Galaxy Digital is a NYC-based multi-strategy investment firm focused on digital assets and blockchain technology.

EOS VC Fund

Galaxy Interactive is a venture capital firm focused on interactive content and technology companies.

Galaxy Interactive

Griffin Gaming Partners is a venture capital firm that focuses on investing across the broad gaming ecosystem.

Griffin Gaming Partners

Union Grove Venture Partners is a private equity firm that provides investments to venture funds.  It was founded in 2014 by Patrick Cairns, John Spilman, and Greg Bohlen and is based in North Carolina.

Union Grove Venture Partners

We invest in partnership with our search firm, Intersection Growth Partners, in the most compelling fintech companies

Intersection Fintech Ventures

Intersection connects crypto and web3 founders with talent, capital and strategic introductions to supercharge growth

Intersection Growth Partners

Early stage venture capital fund focusing on investment opportunities in the U.S.

Unbound Ventures

Kora invests in exceptional teams building enduring businesses in emerging markets.

Kora

California Technology Ventures, LLC (CTV) is a venture capital fund that makes direct investments in technology and life science companies. CTV has built a strong reputation for its entrepreneurial approach to investing and working with companies.   Unlike many investment funds, CTV can invest the smaller amounts required by early-stage companies, as well as larger investments for later-stage expansion. Initial investments typically range from $250,000 to $2 million, with up to $5 million over the life of the investment. CTV participates in seed/start-up companies, first and second round investments, and later stage investments.  CTV invests primarily in companies engaged in the following industries: Information & Communications Technology, such as computer hardware, telecommunications, electronics, semiconductors, software and systems, multi-media, and Internet; Life Sciences, such as bio-pharmaceuticals and medical devices; When considering funding a company, CTV looks for:  Experienced and capable management; Unique, ''must-have'' or proprietary products or services that meet a pressing need; The opportunity to create a leadership position in a large and growing industry; A compelling business model with clearly-defined milestones to reach profitability; A defensible and sustainable competitive position.

California Technology Ventures

Warner Music Group is a music company with an interest in recording and publishing music and the artist services industry it operates through numerous international affiliates and licensees.

Warner Music Group

Founded in 2001, Tiger Global Management, LLC (“Tiger Global”) is a New York-based investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation. Tiger Global’s public equity business includes fundamentally oriented long/short, long-focused and crossover strategies, targeting investments in high-quality, public growth companies. The private equity business invests in early through late stage companies that pursue innovative approaches to new and existing industries, building on over 20 years of experience investing in hundreds of businesses in more than 30 countries with more than 90 portfolio company IPOs. With a strong track record investing across sectors and stages, Tiger Global aims to be a thought partner to companies and their management teams across their lifecycle in public and private markets. The Firm’s mission is to generate world-class returns for its investors and to do so in a way that makes its employees, partners and portfolio companies proud.

Tiger Global Management

Overwolf is the guild for in-game creators. With over 1,500 games supported, 165,000 creators, and 35 million monthly active users, Overwolf is the all-in-one platform that enables creators to build, distribute, and monetize in-game apps, mods, and private servers. Built for creators by creators, Overwolf is on a mission to unite the in-game creator community and empower them to make a living doing what they love - developing truly awesome gaming experiences. In 2022, Overwolf paid over $160 million to in-game creators. Based in Tel Aviv, Overwolf has raised over $150 million to date from investors including Andreessen Horowitz, Griffin Gaming Partners, Insight Partners, and others.

Overwolf

PLAYSTUDIOS is the developer and operator of award-winning free-to-play casual games for mobile and social platforms. The company’s collection of original and published titles is powered by its groundbreaking playAWARDS loyalty marketing platform, which enables players to earn real-world rewards from a portfolio of global entertainment, retail, technology, travel, leisure, and gaming brands across 17 countries and four continents. Founded by a team of veteran gaming, hospitality, and technology entrepreneurs, they bring together beautifully designed mobile gaming content with an innovative loyalty platform in order to provide its players with an unequaled entertainment experience and its partners with actionable business insights.

PLAYSTUDIOS

Animoca Brands is a metaverse and gaming venture capital firm that focuses on driving digital property rights to gamers and internet users through NFTs. It utilizes gamification and blockchain to develop and market a portfolio of mobile applications, games, and additional products oriented to educational learning to ensure transparency, security, and new business models.

Animoca Brands

zVentures is Razer’s corporate ventures arm and an integral component of Razer’s strategic investments activities. They focus on companies that have or will have a role to play within the larger Razer eco-system. In addition to providing capital, we help our companies interface with Razer, by allowing them access to Razer’s network of suppliers and OEMs, customers and investors, as well as meet other stakeholders, industry leaders and influencers.

zVentures

Cosmos is a project with an ambitious mission: To create a network of distributed ledgers that will solve long-standing problems in the cryptocurrency and blockchain communities.

Cosmos Network

Solana is a crypto startup that builds and develops crypto apps for decentralized apps and marketplaces. The startup was founded in 2018 and is based in San Francisco, California.

Solana

Samsung NEXT’s Q Fund is invest in early stage AI startups taking on Grand Challenges.

Samsung NEXT’s Q Fund

Forte

A foundational component to the next generation of digital entertainment.

Esports

<div>
 
 Spun out from HBO’s Interactive and Immersive Group in April 2020, the company (also known as Shrapnel) is developing its triple-A title using blockchain technology. Shrapnel is run by a group of industry veterans from leading game companies including Xbox and Electronic Arts. The company intends to make Shrapnel suitable for competitive gameplay coupled with community creator tools to encourage shared gaming experiences.
 
 
 Neon Media raised USD 7 million via a private token sale. Investors including Dragonfly, Defiance, and Three Arrows Capital participated in the sale. This follows a USD 10.5 million seed funding round in late 2021. The new funding was earmarked for the development of its debut title Shrapnel, a triple-A first-person shooter game. Since its previous funding round, the team has grown to 30 from seven and it continues to scout for new hires. 
 
 
 
</div>

Using AI to automate, enhance and optimize marketing activities

Marketing Automation

Sesame Labs is an in-game advertising (IGA) platform that specializes in the Web3 ecosystem, offering an end-to-end suite of marketing tools that include a CRM, ad network, and campaign management tools. The blockchain-native solution provides a comprehensive view of user profiles based on in-game, social, and on-chain activity, and includes filters to identify user engagement in order to deliver personalized messaging features with built-in rewards and custom pricing. The platform also allows advertisers to find players within a specific target audience, while the integration of quests and landing pages with automated rewards can further incentivize users to engage with the advertising content. As of February 2023, its customers include Decentral Games, League of Kingdoms, and Ethermon.Funding and financialsIn February 2023, the company launched its platform out of beta, securing <a href="https://sp-edge.com/updates/16238">USD 4.5 million in a seed funding </a>round co-led by Wing Venture Capital and Patron to expand its engineering team, market its solutions, and expand its user base.

A decentralized version of the web powered by the blockchain

Web3 Ecosystem

Midnight is a developer and publisher of Web3 games, which incorporates “never-ending story” features for PC and console platforms. The company aims to develop its own intellectual property (IP), and, in time, aspires to collaborate with existing IPs to develop Web3 games. As of November 2022, Midnight was working on four titles, including Legion (an explore, expand, exploit, and exterminate massively multiplayer online game), Next Protectors (a 2D pixel brawler), and At Your Service (a couch co-op title). The company also had 60 employees as of the same date.Funding and financialsMidnight raised <a href="https://sp-edge.com/updates/14909">USD 7.5 million in seed funding </a>in November 2022, led by Shima Capital, with participation from FJ Labs, Bixin Ventures, Forte, Snackclub, and Overwolf. The funding also marked the company’s launch from stealth.

Sesame Labs is an internet publishing company that helps apps on Web3 with marketing automation products.

The company is on a mission to build Web3 games with “eternal stories” and never-ending experiences that keep players coming back.

Our mission at Bolt Labs is to build a usable, secure, and scalable infrastructure to enable everyone to securely store their assets while preserving the privacy of their transactions. Bolt’s secure computation solutions (or MPC) allow you to protect your user’s assets while providing confidentiality, ensuring integrity, and preventing misuse or theft. A technology that is fast becoming the standard for digital asset security, MPC enables these benefits by federating trust across multiple parties and allowing evaluation of functions without decrypting private inputs.  Bolt is also developing the zkChannels L2 protocol - a scalable and usable privacy-preserving payment infrastructure that integrates with existing payment networks, including but not limited to public blockchains. We believe zkChannels will set a new standard for secure payments in online services, giving merchants a seamless way to comply with emerging privacy regulations and delight their customers with cryptographically rigorous respect for their privacy. The company was founded in 2018 and is headquartered in Baltimore, Maryland.

CryptoSlam is an aggregator of non-fungible tokens (NFTs) collectibles data from Ethereum, WAX, and FLOW blockchains. It was founded in 2018.

Neon Media produces realtime sets for virtual productions.

Forte is building economic technology for games that is secure, easy to use, and fully compliant. Its end-to-end blockchain platform enables the emergence of community economics, a system where the interests of game developers and players are aligned, leading to healthier, sustainable game communities. The team is composed of longtime industry members (Unity, ngmoco, Riot Games, Electronic Arts, Sony, and Rockstar Games, among others), and is currently working with over 25 acclaimed game developers from across the globe to reimagine the economics of games.

Forte provides a platform for developers to incorporate technologies such as wallets, NFT minting and trading, payment rails, and cross-chain interoperability to incorporate blockchain-based token economics and other features in video games. The platform also has built-in compliance capabilities such as anti-money laundering, intellectual property protection, and tax planning.

Forte raises $185M at $1B valuation for blockchain game platform

Take-Two Interactive Software

To develop blockchain-based games that will align with Zynga's portfolio and user base, leveraging Forte's expertise in blockchain solutions and web3 development to create a safe and trusted ecosystem for players.

Developers of video games that use elements of blockchain technology, allowing gamers to earn cryptocurrency by playing games. They can either convert it into real money or purchase in-game assets.

MadMen AI

Wing Venture Capital

Patron

Samsung Ventures

Double Jump Capital

Moonfire Ventures

Twin Ventures

Startups offering tools for finding and attracting potential customers with targeted ads.

Midnight

Shima Capital

FJ Labs

Woodstock Fund

Bixin Ventures

Snackclub

Bolt Labs

CryptoSlam

Stocktwits

Sound Ventures

KCRise Fund

XRM Media

Redbeard Ventures

Twenty5Twenty

Binance Smart Chain

PKO Investments

OKX Ventures

Neon Media

Polychain

Companies developing esports related titles.

Forte provides a platform for developers to incorporate technologies such as wallets, NFT minting and trading, payment rails, and cross-chain interoperability to incorporate blockchain-based token economics and other features in video games. The platform also has built-in compliance capabilities such as anti-money laundering, intellectual property protection, and tax planning.In January 2022, Forte acquired the technology platform and associated staff of mobile gaming studio N3TWORK for an undisclosed sum. Through the acquisition of the platform, Forte planned to build a scalable platform to accelerate the development of blockchain games. Furthermore, as part of the transaction, N3TWORK’s newly established games team–N3TWORK Studios, will utilize Forte’s blockchain solutions to develop its own web3 titles such as Legendary Heroes Unchained and Triumph.Forte participated in a USD 150 million web3 fund launched by Solana Ventures (the capital arm of <a href="https://sp-edge.com/companies/627394">Solana Labs </a>) in December 2021. The fund was mainly set up to assist Web3 game developers.Key customers and partnershipsIn December 2021, Forte and mobile game developer–Zynga, announced a new partnership, where the latter aimed to develop Web3 games based on its intellectual property using Forte’s platform. As of January 2022, Forte reported it had partnered with over 40 game developers to build Web3 games.Forte also formed a partnership with SuperLayer, a startup venture studio, to fund incubated companies and branch out to other Web3 verticals. The company will also serve as SuperLayer's preferred crypto payment and liquidity services provider for projects.Funding and financialsIn November 2021, Forte raised USD 725 million in a Series B funding round co-led by Sea Capital and Kora Management. The company planned to channel the funds toward developing its platform and expedite the onboarding of new game and content publishers.

NEAR Protocol is an open-source layer-1 blockchain launched in October 2020. The blockchain uses a proof-of-stake consensus mechanism to validate transactions while incorporating sharding technology to improve scalability. Its native token is NEAR, which can be used to pay for transactions and storage on the blockchain, while also allowing token holders to participate in the platform’s governance process.NEAR allows users to sign up for a wallet (account) using unique human-readable names (e.g., johndoe.near, in comparison to cryptographic and randomly generated private keys, which is a characteristic of chains such as Ethereum), which in turn enables easy sign-ins for dApps for users and improves the overall usability of the blockchain. The platform also allows developers to prepay gas fees for first-time users, allowing the latter to interact with a dApp for free. NEAR also offers the Rainbow Bridge, which allows users to transfer ERC-20 and NEAR tokens or any other digital asset between the Ethereum and NEAR blockchain. In addition, the platform provides tools such as SDKs, CLIs, and APIs for developers to create dApps on its blockchain. In addition, NEAR allocates 30% of the transaction fees to developers to encourage them to build applications on its platform, with the remainder being burnt.As of July 2022, NEAR had 100 validators on its blockchain, which it expected to increase in proportion to the number of transactions. The platform uses an auction system to select and determine the seat price for its validators every epoch (time interval of 12 hours). The platform claims to be able to scale infinitely by adding more validators owing to its underlying architecture.Key customers and partnershipsIn June 2021, NEAR joined ICON’s Blockchain Transmission Protocol (BTP), which seeks to improve cross-chain communication. The partnership allowed data to be transferred between the NEAR blockchain and other BTP partners such as Polkadot and Harmon. Moreover, NEAR partnered with <a href="https://sp-edge.com/updates/23393">Nym Technologies </a>to integrate end-to-end encryption and privacy safeguards into the NEAR blockchain ecosystem.In addition, NEAR partnered with Ardana, a stablecoin and decentralized exchange (DEX) liquidity pool built on the Cardano blockchain in November 2021, to build a bridge to support integrations and token transfers between the NEAR and Cardano blockchains. It had also planned to enable cross-chain smart contract functionality and allow the NEAR token to be used as collateral on Ardana to mint stablecoins in the future.Funding and financialsIn April 2022, NEAR raised USD 350 million in a private equity round led by Tiger Global. The funds were geared toward improving the adoption of the blockchain by increasing the number of its regional hubs in key communities such as Latin America, Turkey, and India.

NEAR

Ava Labs develops the open-source layer-1 blockchain, Avalanche. The Avalanche network architecture contains three separate blockchains in order to address the decentralization, security, and scalability limitations of blockchains. These include 1) the Exchange Chain (X-Chain), which is the default blockchain on which assets are created and exchanged and also includes Avalanche’s native token–AVAX; 2) the Contract Chain (C-Chain)—which is based on the Ethereum Virtual Machine (EVM)—allows for the creation and execution of smart contracts with cross-chain interoperability; and 3) the Platform Chain (P-Chain), which coordinates validators and enables the creation and management of subnets (a sovereign network that defines its own rules for membership and tokenomic). Avalanche uses a proof-of-stake consensus mechanism and is able to execute 4,500 transactions per second. As of December 2022, ~1,000 projects were built on Avalanche, including DeFi projects like Tether, SushiSwap, Chainlink, and Circle. As of the same date, the network processed on average two million daily transactions and was secured by more than 1,200 validators.Ava Labs launched Core, a dedicated non-custodial crypto wallet for AVAX as a browser extension, through which users are able to browse dApps on the Avalanche blockchain. In April 2023, the company announced plans to launch “ <a href="https://sp-edge.com/updates/17583">Evergreen Subnets </a>,” a suite of blockchain deployments, tooling, and customization services specifically designed for financial institutions to run their own private, permissioned chains with approved parties. In addition, financial institutions will be able to communicate and transfer data with other subnets through Avalanche’s native communication protocol Avalanche Warp Messaging (AWM) without relying on any third parties. It also launched <a href="https://sp-edge.com/updates/18842">AvaCloud </a>in May 2023, a no-code Web3 launchpad that assists businesses in building fully managed blockchain ecosystems. AvaCloud consists of four main components: an automated blockchain builder, managed validators, comprehensive data tools, and chain interoperability within Avalanche subnets.Key customers and partnershipAvalanche has partnered with several cloud services providers to improve its network such as <a href="https://sp-edge.com/updates/15079">Alibaba Cloud </a>(December 2022) to improve its infrastructure and support for its validators. Users of the Avalanche blockchain can launch new validator nodes using Alibaba Cloud’s plug-and-play infrastructure-as-a-service (IaaS), while dApp developers can use the latter’s storage and computing resources for the efficient running of their dApps. It also collaborated with <a href="https://sp-edge.com/updates/15640?industryIds=144">AWS </a>(January 2022) to scale and improve blockchain adoption and support its dApp ecosystem, while also enabling one-click node deployments through the AWS marketplace.Funding and financialsIn April 2022, Ava Labs raised USD 350 million in a funding round, valuing the company at USD 5.25 billion. The investors and the purpose of the funding were not disclosed. It had raised USD 230 million in a private sale of AVAX tokens in September 2021, co-led by Polychain and Three Arrows Capital, with the funds geared toward supporting the Avalanche ecosystem.

Ava Labs

<div>
 
 Based in Australia, Immutable is a developer of blockchain-based video games and a provider of a Web3 game development platform. The company develops and publishes its games through Immutable Game Studio, and released its first game, Gods Unchained, in March 2021. The game is a NFT strategy card game, and had ~80,000 active players as of January 2022. It also claimed that over USD 25 million of Gods Unchained digital assets have been traded as of the same date. In February 2024, the company launched the mobile version of Gods Unchained, available on Google Play and Apple App Store. Immutable launched its second game, 
 <a href="https://sp-edge.com/updates/29491">
 Guild of Guardians
 </a>
 , in May 2024 to over 1 million pre-registered users. It is a mobile role-playing game set in a fantasy world on the brink of destruction, where players must form teams to battle against evil Dreads.
 
 
 Its Web3 game development platform, Immutable X, provides a SDK that offers APIs and smart contracts to allow developers to leverage ready-made Web3 infrastructure to quickly build and deploy blockchain-based games. These include an onboarding solution (non-custodial wallet) called 
 <a href="https://sp-edge.com/updates/16041">
 Passport
 </a>
 , transaction infrastructure, and NFT minting tools. The platform also consists of a developer hub which allows developers to launch and manage their projects in one-place and obtain related performance analytics.
 
 
 In addition, Immutable X also acts as a layer-2 scaling solution on the Ethereum blockchain. It uses 
 <a href="https://sp-edge.com/companies/607497">
 StarkWare's
 </a>
 StarkEx roll-up technology and can process 9,000 transactions per second, with zero gas fees, while claiming to be carbon-neutral. Its native token IMX can be used to pay for transactions as well as stake and govern the network. Notable companies building on Immutable X include GameStop, TikTok, OpenSea, Ember Sword, Illuvium, GreenPark Sports, and Vee Friends (Gary Vee).
 
 
 Key customers and partnerships
 
 
 Immutable partnered with Mineloader to develop Guild of Guardians, and it has also collaborated with several game developers, including Turner Sports and Kongregate, to build Web3 games on the Immutable X platform.
 
 
 The company collaborated with 
 <a href="https://sp-edge.com/companies/786111">
 Polygon
 </a>
 to launch its 
 <a href="https://sp-edge.com/updates/24881">
 zero-knowledge Ethereum Virtual Machine
 </a>
 (zkEVM) scaling solution to bypass the scaling limitations of the Ethereum blockchain and promote Web3 gaming. The network developers to completely abstract transaction fees that allow a frictionless player onboarding and improved user experience. Furthermore, Immutable partnered with 
 <a href="https://sp-edge.com/updates/22566">
 Amazon Web Services (AWS)
 </a>
 to develop infrastructure solutions to assist companies in developing and scaling blockchain-based games, and 
 <a href="https://sp-edge.com/updates/24637">
 Amazon Prime Gaming
 </a>
 to list in-game content for Gods Unchained in the latter&rsquo;s platform. This partnership also aimed to introduce the game to a broader audience circle through Amazon's platform, which boasts over 200 million Prime Gaming members. It also collaborated with 
 <a href="https://sp-edge.com/updates/25892">
 Axelar
 </a>
 to integrate games built on Immutable's zkEVM into the Axelar network to enhance user onboarding across blockchain.&nbsp;
 
 
 Funding and financials
 
 
 In March 2022, Immutable raised USD 200 million in a Series C funding round led by the Singapore state investment fund Temasek at a valuation of USD 2.5 billion. The company planned to use the funds for its gaming studio improvements, geographic expansion, and potential mergers and acquisitions. Immutable also planned to hire 200 new employees.
 
 
 
</div>

Immutable

Mythical Games is a video game studio building games based on blockchain technology, playable NFTs, and play-to-earn game economies. The company was developing two games—NFL Rivals and Blankos Block Party.Blankos Block Party is the company’s flagship game, launched in June 2022 as an early access edition for PCs only. The game is an open-world multiplayer game with a focus on custom art and design, building, and exploration. It is free to play, with the option for purchasable in-game cosmetics, accessories, and limited edition Blankos (NFT character).In May 2022, NFL and the NFL Players Association partnered with Mythical Games to develop an NFT-based video game NFL Rivals. The game was launched in 2023, with players taking part in arcade-style gameplay, assuming the role of NLF general manager. They can collect and trade players represented as NFTs on the secondary market via the iOS and Android apps, as well as Mythical’s web-based marketplace. In addition, a unique feature of the game is the “squad system,” which enables players to team up with fellow players to compete with others.Mythical Games also enables other game developers and publishers to build or integrate blockchain-based play-to-earn economies into their games through The Mythical Platform. The platform also includes built-in regulatory KYC/AML compliance and indemnity as well as a verified wallet for transacting both real and cryptocurrencies. Further, the company also offers a marketplace that enables users to sell and trade their digital assets.The Mythical Platform is built on an EVM-compatible sidechain Mythical Chain, which uses a proof-of-authority consensus mechanism to validate transactions. The chain also offers interoperability features, allowing players to transfer and trade NFTs across multiple blockchains. It also claims the minting of NFTs and integrating the marketplace over its platform does not require mining.It acquired <a href="https://sp-edge.com/updates/15966">DMarket </a>–a digital gaming asset marketplace–in January 2023, and utilized its technology to launch an improved version of its own marketplace (Mythical Marketplace 2.0), with features such as a blended payment gateway and AML and fraud protection systems.Key customers and partnershipsAs of June 2023, the company reported to have achieved daily gross sales exceeding USD 1 million and gained more than 2.5 million new users over the past year. Moreover, it expects to reach over 20 million player accounts across its entire game portfolio by the end of 2023, primarily propelled by NFL Rivals and the upcoming release of Nitro Nation World Tour.The Mythical Platform’s first developer partners were announced by the company in November 2021, which includes 1) CCG Games to create Epic Spell Wars: Magic Fight, a trading card game; 2) Creative Mobile to create Nitro Nation – World Tour, a racing game; and 3) Abstraction Games to create a new action strategy title. These were slated to be released in 2023.Funding and financialsIn November 2021, Mythical Games raised USD 150 million in a Series C round led by Andreessen Horowitz at a valuation of ~USD 1.3 billion. Additionally, it raised <a href="https://sp-edge.com/updates/19719">USD 37 million in a Series C1 </a>funding round led by Scytale Digital in June 2023, at a similar valuation. This funding round is expected to close later in 2023 and reach USD 57 million-67 million. It had planned to utilize the fresh funds toward initiatives that will drive profitability within the next year and expand its games and infrastructure to reach a larger audience.

Mythical Games

Storj Labs developed the Storj Decentralized Cloud Storage (DCS) network that works by compressing, encrypting, and splitting files into more than 80 smaller pieces to distribute and store them across a global network of individual storage nodes, which are excess hardware space rented out by individuals in return for a fee. Storj audits its network through random file verification every hour, which ensures its files are consistently being hosted by its nodes; it automatically reconstitutes the data when it is required by the user. The company claims to have more than 10,000 active nodes with over 6 petabytes of available storage capacity spread across the world, as of August 2022. It uses its native token STORJ, which is used by customers to pay for providers of decentralized storage.Key customers and partnershipsStorj partnered with <a href="https://sp-edge.com/companies/792614">Matter Lab’s </a>zkSync Era ( <a href="https://sp-edge.com/updates/18986">in May 2023 </a>) to integrate the latter's zero-knowledge roll-up technology into its cloud storage platform to optimize transaction speed, reduce gas fees, and improve the overall efficiency of the payment process. Additionally, the partnership enables EVM-compatible composability for decentralized storage payments, providing customers with increased flexibility and a wider range of customization possibilities. As part of the development, Storj also had plans to develop and maintain two open-source libraries, Crypto-Batch-Payment and Storjscan, which will focus on creating a seamless onboarding experience for its customers on the zkSync Era network.

Storj

A decentralized alternative to traditional social networks that operate on independently run servers on the blockchain. These are community-owned and reward user participation.

An alternative storage system in which data is encrypted, segmented, and stored on multiple nodes across the blockchain rather than a single server.

Developers of dApps for use in industries such as travel, health, and fitness, which are yet to reach wider adoption.

Providers of wallets that allow users to purchase and store the cryptocurrencies/tokens required to interact with web3 apps, along with app browsers for users to browse and access dApps.

Also known as layer-1 networks, these include developers of the base blockchain network.

Also known as layer-2 solutions, this includes providers of scaling solutions, such as sidechains, state channels, and rollups, which improve the speed and throughput of transactions occurring in layer-1 blockchain networks.

Platforms that provide tools such as SDKs, blockchain node infrastructure, and bridges for developers to create, host, debug, and add extra functionality to dApps on one or many blockchains.

Includes companies that form the Web3 ecosystem

Web3 is based on blockchain tech, a key enabler of the industry

GenAI tools help develop smart contracts and query the blockchain for data

Providers of node-as-a-service and SDKs to build dApps operate under this model

Forte

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