N3twork Studios raises $46M to create webpage 3 games

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N3twork Studios has raised $46 million in funding to create high-quality blockchain games.

Griffin Gaming Partners led the round with the participation of Kleiner Perkins, Galaxy Interactive, KIP, Floodgate, LLL Capital and N3twork Inc.

As part of the funding, Griffin Gaming Partners’ Peter Levin will join the studio’s board of directors, which emerged from N3twork Inc. when Forte n3twork Inc. took over.

The funding will help develop and launch the studio’s first two blockchain games, Legendary: Heroes Unchained and Triumph.

“We are a group of passionate veteran game makers a generation opportunity to use our expertise building and operating free-to-play games to authentic Web3 experiences can create ranges show the audience of millions of players,” Matt Ricchetti, president of n3twork Studios, in a statement. “We believe in a future where economies more open game and players own the assets they earn and buy. Achieving this future will require both the expansion of the crypto core gamers and demonstrate the massive mobile free-to-play audience Web3 is a clear added value to their gaming experience. ”

N3twork Studios was founded in January 2022 from the games team of N3twork Inc., na acquisition Forte the n3twork platform. The team consists of more than 60 veterans of the industry – from companies such as EA, Kabam, Zynga, Glu, GREE, Scopely, Machine Zone, Warner Brothers and Disney – have built and managed many successful live service titles.

N3twork Studios will use its experience in free-to-play games as a key asset to change the magnitude of audience impact. The company’s capabilities will be used to expand the public crypto games and game experiences the greatest game show audiences in the world that Web3 will be beneficial to provide all kinds of players. To power its games and economies, n3twork partners with Forte, a leading blockchain technology solutions company.

“Web3 is a paradigm shift and will be a huge expansion of the gaming market,” Levin, managing director of Griffin Gaming Partners, said in a statement. led that shift are best placed to apply the innovative thinking needed to change the way we replay. N3twork Studios has the proven track record and knowledge base to fully realize this potential.”

N3twork Studios approaches the space from two angles: fully crypto native games and a hybrid of free-to-play and Web3. Legendary: Heroes Unchained is a crypto native title, a play-and-earn RPG based on the popular Legendary: Game of Heroes intellectual property. That game will be built from the ground up in collaboration with the community.

Triumph is a thorough but accessible realtime multiplayer RPG with an innovative economy which offers a combination of free-to-play and web3 designed for the mobile mass market to speak. Lion Tree was the exclusive financial advisor to n3twork Studios in the financing round.

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Shreya Christinahttps://businesstraverse.com
Shreya has been with businesstraverse.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesstraverse.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

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