Kevin Lin, co-founder of Twitch, has raised $24 million in a series A led by a16z. The company is working to develop web 3 games and blockchain powered virtual worlds. This round of funding is a great way for Lin and his team to continue developing and expanding their technology.
Kevin Lin cofounder of Twitch raises $24m in series a led by a16z
Kevin Lin, co-founder of Twitch, has raised $24 million in Series A funding for his gaming company, Metatheory. The round was led by Andreessen Horowitz, with participation from Pantera Capital, FTX Ventures, and others. Lin plans to use the funds to build a game platform that’s immersive and powered by blockchain technology.
Kevin Lin, co-founder of Twitch, has raised $24 million to create a blockchain game company called Metatheory. The company plans to develop high-quality games and virtual worlds using blockchain technology and non-fungible tokens.
Company is building blockchain-powered virtual worlds
Blockchain is a powerful technology that underlies cryptocurrencies such as bitcoin, but it can also be used to build a virtual world. A company called Lamina1 is working to build a blockchain-powered metaverse. This platform would handle the interoperability between virtual worlds and verify users’ identity. In addition to this, it would also handle financial transactions. The company did not respond to requests for an interview. Stephenson is involved in the project and will help design the first blockchain-powered virtual world.
The company is putting a focus on building a virtual world that would be similar to the real world. This platform would feature a persistent, shared world, allowing visitors to buy, trade, and sell land. These transactions are facilitated by digital tokens called NFTs, which are traded with other users of the platform.
The company also has plans to make blockchain games more accessible. It recently acquired Colyseus, a blockchain game development platform that allows developers to build blockchain games quickly and smoothly. This platform also allows for seamless multiplayer interaction. Lucid Sight already produces popular games like Crypto Space Commander and World of Ether. World of Ether is the first decentralized game that uses Ethereum. Players can create and breed their own characters, breed legendary monsters, and compete for rare Etherian breeds. Players can also trade and buy Etherians in the marketplace.
Somnium Space is the second-largest blockchain-powered virtual world. The platform is an open source platform where users can purchase digital land and in-game assets. Its goal is to create a collaborative and immersive metaverse where users can build whatever they want. Moreover, players can also explore the creations of other users and purchase items from them.
Blockchain is a powerful technology that can help transform the internet. In the future, people will be able to use blockchain to move stuff from one virtual world to another. With this technology, blockchain can help break down the walled garden and enable people to move freely between different virtual worlds.
It also builds web 3 games
Metatheory is a technology-driven entertainment company that builds Web3 games and virtual worlds. The company was founded by Kevin Lin and David Barthwell, and also includes three-time Emmy-winning producer Bernie Su and Art Director Darren Geers. The company has 42 employees working on game development. The company has already released its first franchise, Duskbreakers, and the company has received a Series A from Andreessen Horowitz, Pantera Capital, and Dragonfly Capital. It also received seed funding from Mertic Circle, and is backed by Andreessen Horowitz, a venture firm that focuses on web3 games.
While NFTs have generated a lot of controversy within the traditional gaming community, Lin says that they are an important solution to the ownership problem in games. Lin believes that this issue will become increasingly important in the metaverse and digital economy. Unlike traditional games, Web3 gaming offers a value-exchange concept where players can buy and sell in-game items. In addition, it offers the benefits of self-sovereignty and decentralization.
Metatheory is also working on a play-to-earn game. The developer was a former Twitch lead illustrator. The game is set in 2021 and uses a blockchain-powered metaverse. The game sold out 10,000 NFTs in six days.
Metatheory is a blockchain-powered company that creates games and virtual worlds. The company recently raised a $24 million Series A led by a16z. The company will use the money to further its products and plans.
Kevin Lin cofounder
The team behind NFTs has experience in game development, social media, and creator spaces. They settled on a strategy of releasing multiple minigames and lore to build a “metaverse”-like experience for players. Lin is convinced that NFTs have utility, but the question remains: How to commercialize them?
Originally, the show was going to be an augmented reality game, but the delays with the various AR platforms pushed them to change course. Now, the NFTs play as the first 10,000 recruited Breakers exploring a massive alien spaceship, battling extraterrestrial creatures and collecting valuable “Duskite” materials. The Breakers’ decisions and actions will shape the history of an alternate universe.
Takashi Venture Beat and Kevin Lin are back in the game development world. They have raised $24 million to build a game company called Metatheory. This new company will focus on high-quality games and virtual worlds, and use non-fungible tokens to power their games.
DuskBreakers is a blockchain-powered virtual world powered by blockchain
DuskBreakers is an interactive world-building experience powered by blockchain. Each decision you make will affect the future course of history in a brand new, alternate universe. With the help of the community, the game will expand and develop its universe. Its team includes a three-time Emmy Award-winning interactive producer. The goal is to create a truly immersive, collaborative metaverse.
The game is based on science fiction and will be free to play in the early stages. Developers have also released a free-to-play minigame called “Play-to-Mint”. The free-to-play “Play-to-Mint” minigame sold out in six days. The player will be a recruited “Breaker” character that can explore the virtual world and make decisions that affect the community.
Games powered by blockchain powered by blockchain powered by blockchain
Blockchain technology has the potential to bring a new level of security and decentralization to the games industry. In addition to protecting sensitive game data, blockchain can also make it easier for players to collaborate with game developers. Blockchain-based games will also give players full ownership of their in-game assets. This means that players will no longer have to rely on game developers or third parties to secure the games they love.
Conclusion
Blockchain games allow users to easily exchange scarce goods while avoiding government intervention. They also create a decentralized environment where no third party can interfere with the transactions. Blockchain games have the potential to revolutionize the online gaming industry. Games powered by blockchain will not need a central authority to operate, and will offer complete transparency and full transparency of rules.
