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Horizon Blockchain Gaming Platform Raises $5MlN Funding

Key takeaways:

-As a lead investor, Reddit Co-founder Invests in Blockchain Gaming Platform Horizon. 

-The participation also includes various key players like ConsenSys, CMT Digital, and Regah Ventures.

– Horizon’s Ethereum blockchain-based game Skyweaver is setting high standards to give a new experience in the entertainment space.

Horizon Blockchain Gaming Platform has raised $5 million in a new funding round from Initialized Capital– the investment firm co-founded by Reddit’s co-founder- Alexis Ohanian. The updates have announced through a medium blog post of Horizon by its Co-Founder & CEO Peter Kieltyka on March 6th. 

As per the information, the Horizon blockchain gaming platform has also secured a good backing in a seed round from ConsenSysCMT Digital Ventures LLC, and Regah Ventures as its new investors. However, the bifurcation of their contributions has not yet revealed.  

Earlier, the firm had already secured an involvement of industry players like Golden VenturesDCG (Digital Currency Group)Coinbase, and Polychainas its investors

The blog indicates that since the launch of Horizon, the blockchain gaming platform has successfully gathered a strategic and financial backing from the leading partners and experts of the industry; to amplify its vision, to create a new dimension of gaming experience that will belong to its players and creators.

Horizon’s 1st Product: Skyweaver 

The gaming infrastructure would use the funds in the development and marketing of Horizon’s first game SkyWeaver– the first product of the game developer. SkyWeaver is a digital trading card game, announced last year’s summer, which is powered by the Ethereum network. 

“I cannot wait for people to play SkyWeaver. It’s a brand new gaming experience that resurrects all the fun of childhood collectible card games – in a browser – and with the ability to trade cards just like in the old days.”

– Alexis Ohanian, Reddit Co-Founder

SkyWeaver, in its private beta, has so far collected 12000 playtesters, and 90,000+ players are waiting to have access to the game. 

The preseason of SkyWeaver is live in its private beta, and people can join on the discord platform (a gaming platform community) to participate in season 0, which has announced to begin in the last week of March. 

SkyWeaver is a free game-to-play which has its crypto token called Weave. Players can use Weave token to trade, and craft rare SkyWeaver Gold cards. 

Along with SkyWeaver, part of the funds would be used in the building of Horizon’s blockchain infrastructure, to evolve in the space of open and standardized virtual items. 

Horizon Blockchain Gaming Platform

Horizon gaming infrastructure company was founded in January 2018 and since then endeavoring to pave a path for the new and existing gaming players and creators who can own the gaming economies by leveraging Ethereum based blockchain technology. At present, the Horizon blockchain firm has a 24 dedicated people team.  

Reportedly, Horizon additionally provides its user-friendly wallet to game players who can store, manage, and trade their virtual items. Meaning, the Ethereum-based gaming platform is designed in such a way that the players can enjoy full ownership of their items, i.e., it is a non-custodial platform for the virtual world. 

Image by mohamed Hassan from Pixabay