Metatheory, a Web3 game and entertainment firm, has secured $24 million in a round, headed by Andreesen Horowitz, including FTX Ventures, Pantera Capital, and others.
The initiative employs NFTs, one-of-a-kind blockchain-based tokens that indicate ownership of digital assets. The NFTs (non-fungible tokens.) in this circumstance provide ownership to DuskBreakers characters.
“After taking a break from Twitch to investigate what’s next in the business, I honestly believe blockchain will offer even more opportunities and significantly influence the gaming, storytelling, and community building arena.” Kevin Lin stated.
Kevin Lin is Metatheory’s CEO, and he has recruited a few former Twitch employees to help him build his Web3 company. JT Gleason, a former Twitch developer and engineer, is Metatheory’s CTO and VP of Community and Marketing. Jason Maestas is a member of Twitch’s Influencer Marketing. Bernie Su, Metatheory’s Content Chief, and Jen Enfiled-Kane, Narrative Designer, are from Twitch’s ArtificialNext, a live, scripted, audience-interactive sci-fi production.
The team of 40+ individuals includes industry experts such as artists, authors, producers, game designers, engineers, and experienced community developers.
Unlike other blockchain games, which users can only play in a web browser, Metatheory has its own game launcher, offering players the option of playing DuskBreakers in a browser or directly through the game launcher on their PCs.
DuskBreakers is now working on its core play-and-earn blockchain game, which is expected to be released in the third quarter of this year.
DuskBreakers was introduced in December with a free-to-play “Play-to-Mint” game, which resulted in a sellout of 10,000 NFTS (the Genesis DuskBreakers). The NFTs sold out in less than a week after Metatheory published “The Recruit Simulator,” a “play-to-mint” DuskBreakers minigame where players could win a DuskBreakers genesis NFT.
- Kevin Lin
- the Genesis DuskBreakers
- The Recruit Simulator
Author: To The Verge Team
Our aim is to chase the future, innovations, and the latest trends of all things tech. We love to interact with industry experts, understand their diverse and unique perspectives, and spread their ideas.