AO Labs Raises $4.5M in Seed Funding to Develop Their First Blockchain Game – eGamers.io
AO Labs has announced that the gaming studio has received $4.5 million in funding in a seed round. The studio will use this funding to develop its first-ever blockchain game – Spacebar.
The seed round was led by Yield Guild Games (YGG) – joining them was a long list of players and investors that are fairly active in crypto and Web3.
Along with big firms and companies, there were individual investors too who believed in the project and invested in it. These included:
- Jeff Zirlin of Sky Mavis
- Balaji Srinivasan & Sandeep Nailwal from Polygon
- Gabby Dizon, CEO of YGG
- Kyu Lee of Com2uS
AO Labs was started by tech and gaming veterans Christy Choi and Joony Koo. These two are seen as keen advocates of decentralization and blockchain gaming – they believe that gaming in the future will ultimately shift to Web3. To take the first step, AO Labs announced to makeSpacebar – their first-ever blockchain game, which will be completely community-driven.
According to AO Labs, “The studio’s mission is to build a playground for Web 3 communities. AO Labs is committed to building a community-owned, open-source game platform called Spacebar.”
“I think gaming will probably be the piece that actually engages all these different building blocks across crypto…That is why I am extremely bullish about building this game because it could be the gateway to drive mass adoption. It’s not just because the game is fun. It is because while playing the game, you will interact with all the different tools being built in this space. We will act as a point of interaction for all these people in crypto.“
Spacebar is a space-themed Web3 game utilizing NFTs and DeFi. So far, the developers haven’t shared much information about what exact technologies the game will use.
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