Wed. Feb 1st, 2023

Web3 gaming firm Heroic Story has raised $6 million in a seed spherical led by Upfront Ventures with participation from Multicoin Capital and Polygon Know-how. The spherical brings Heroic Story’s whole financing to $7.4 million.

Different traders within the spherical included a16z Video games Fund One founding investor Jonathan Lai, Workforce Liquid chief govt Steve Arhancet and Quantstamp chief govt Richard Ma, alongside Miramax head of movie Wolfgang Hammer and screenwriters Ryan Firpo and Kaz Firpo.

Based in 2019 on the Y Combinator accelerator, Marina del Rey-based Heroic Story reimagines tabletop role-playing video games for on-line multiplayer variations utilizing Web3 expertise. Heroic Story’s first sport, launched in 2021, was known as Legends of Fortunata. Within the sport writers might collaboratively create tales for characters in a shared world then mint, or publish, them as non-fungible tokens.

“The intersection of storytelling and expertise has been the theme of my profession, from my early years as a high on-line poker professional and entrepreneur, to designing and directing one of many first journey video games for client VR,” Jay Rosenkrantz, co-founder and chief govt of the corporate, stated in an interview with expertise web site Enterprise Beat. “At Y Combinator, Scott and I doubled down on fixing issues for storytellers, the world’s most undervalued expertise, and after spending the final yr and a half exploring Web3, we really consider sensible contract-powered platforms will remodel gaming, storytelling, and neighborhood constructing.”

In line with the corporate, the funds from the increase will likely be used to rent expertise and develop the sport to scale to extra gamers, in addition to advertising and marketing the title.

Heroic Story begins its journey at a time of serious development throughout the crypto-gaming business. In line with information analyst firm Supra Oracles, the business generated an estimated $321 million in income in 2020, and final yr’s whole income was possible greater than $1 billion.

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