OP Games, a Singapore-based gaming startup, has grown $ 8.6 million to help seed developers develop new sources of income through web3.
The funding round is attended by some of the largest blockchain venture capital firms, including Republic Crypto, Ascensive Assets, Morningstar Ventures, Mechanism Capital, Polygon Studios and Bitcoin.com. Chase Freo, CEO and founder of OP Games, said about the turn:
“We welcome this protective heart of the work we have done to ignite the landscape of the game using Web 3.0 superpowers: open source and community ownership.”
OP Games was created in 2018 with the mission to drive innovation in the gaming industry by offering developers new ways to leverage their creative endeavors. The launch will do just that by providing a platform that allows them to build on the potential of non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) to collaborate with their communities.
With the growing popularity of the Play To Earn (P2E) model, the success of games like Axie Infinity is expected to make the startup a major player in the gaming industry of the future, which is expected to cost more than $ 272 billion. By 2030. Freo mentioned the role that the startup hopes to play in this growth, saying:
“The $ 150 billion gaming industry is amazing. By providing developers with the tools and guidance they need and enabling players to create their favorite projects together, we are opening up new avenues of income for highly talented creators in the sector. ”
The game is over already passed combined the revenues of both the music and film industries, making him the default king of the entertainment sector. This exponential growth has created the perfect environment for game startups like OP Games to attract the attention of investors and develop new ways for developers and players to interact. games, bringing the golden age to a niche that many decades ago did not take seriously.