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Game developer Crypthulhu Studios has closed a new funding round and raised $3 million. The round was led by venture capital firms coatue and Brave Labs† This investment will fund the launch of the studio’s first title: Dimension X†
“When we first met Mike and listened to his vision for Crypthulhu, we immediately saw the potential to bring world-class gameplay to the blockchain,” said Matt Mazzeo, General Partner of Coatue, in a press release. “Mike is an example of the kind of founder Coatue enjoys working with and we look forward to supporting the team in defining a new category of gaming.”
Dimension X is a new RPG based on a play-to-earn, blockchain underpinning. Using the Flow blockchain, Crypthulhu plans to create a longer-lasting gaming experience that is owned by the player. Once players have finished their time with the game, they can keep their experience as an NFT.
“I developed the idea for Crypthulhu when I was playing World of Warcraft and a friend asked me what I ‘owned’ in the game,” said Mike Gordon, CEO of Crypthulhu Studios. “My answer was the players, but my friend claimed that I was only renting them. It was then that I understood the potential of web3 for the game industry. As we build the Crypthulhu team, the number of opportunities to build the blockchain gives me energy. and give dedicated players like me a meaningful share in the games they love.
For more information about Dimension X, visit the game’s website about here†
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