VPNAcquire AccountSubscribeSubmit DAPP
Switch Language:
Home > News > context

AO Labs raises $4.5 million in seed funding for its first blockchain game

AO Labs, the virtual gaming studio, has announced that it’s successfully raised $4.5 million in a new seed funding round for Spacebar – it’s very first blockchain game. The investment round was led by Yield Guild Games, along with an extensive list of other investors and players within the web 3 and crypto space.

Some of the individual investors included YGG CEO Gabby Dizon, Jeff Zirlin of Sky Mavis, Kyu Lee of Com2uS and Polygon’s Balaji Srinivasan and Sandeep Nailwal.

Originally established by Joony Koo (formerly of BlockCrafters Capital) and Christy Choi – the founding Director of Binance Labs. Established relatively recently, AO Labs aims to create a highly community-driven and open source gaming experience through its flagship title – Spacebar.

Set up as a space-themed casual title, Spacebar mixes blockchain tech such as DeFi, NFTs and game guilds with casual gameplay to bridge the gap between the two worlds. There has yet to be any news on which blockchain it would be built.

While the underlying blockchain remains a mystery, AO Labs is currently building a prototype while also borrowing a range of ideas from the world of eSports, along with support from its player community.

Interested in Block Chain Game, Welcome to JBB.ONE
Comments
0 / 1000
Latest Updates
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Spielworks partners with Gunstar Metaverse, 3 other NFT games
Spielworks partners with Gunstar Metaverse, 3 other NFT games
FaZe Clan has come to The Sandbox
FaZe Clan has come to The Sandbox
Breaking News
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Animoca Brands has acquired WePlay Media —— the developer of MotoGP
Spielworks partners with Gunstar Metaverse, 3 other NFT games
Spielworks partners with Gunstar Metaverse, 3 other NFT games
FaZe Clan has come to The Sandbox
FaZe Clan has come to The Sandbox
MyMetaverse and Enjin bring the first playable NFTs from Polkadot to GTA 5
MyMetaverse and Enjin bring the first playable NFTs from Polkadot to GTA 5
Pixie Interactive announces closure due to debts related to taxes and cryptocurrency
Pixie Interactive announces closure due to debts related to taxes and cryptocurrency
Sky Mavis announces $2.4 million esports grant
Sky Mavis announces $2.4 million esports grant
Apeiron launches new NFT marketplace and battle demo pass airdrop
Apeiron launches new NFT marketplace and battle demo pass airdrop
Smobler Studios secures $1.2 million in seed funding round, backed by The Sandbox
Smobler Studios secures $1.2 million in seed funding round, backed by The Sandbox
Sorare secures partnerships with NBA and Basketball players Association
Sorare secures partnerships with NBA and Basketball players Association