LATEST NEWS Planetarium Labs raises $32 million in Series A funding

Planetarium Labs raises $32 million in Series A funding

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planetarium labs has raised $32 million from a Series A funding round, led by Animoca Brands. Krust Universe, WeMade and Samsung Next have also joined the funding in hopes of laying the groundwork for a generation of powered and governed communities. Web3 games.

Planetarium Labs aims to become a pioneer of open source and decentralized blockchain gaming. The company is building a gaming ecosystem based on Libplanet’s blockchain technology. His goal with the choice is to allow players to participate in the game network and offer the opportunity to play a significant role in the development of open source content.

libplanet It’s already home to Nine Chronicles, an open source online role-playing game that runs entirely on the blockchain. Animoca Brands is also one of the sponsors of Nine Chronicles as well as leading the funding round for Planetarium Labs. Animoca Brands is dipping its toes in a lot of ponds, these days. The Hong Kong-based software company is everywhere these days. Beyond Nine Chronicles, he has a bunch of big brands in his portfolio, including Disney, WWE, and The Walking Dead.

“We strongly believe that the future is massive decentralized worlds in an open metaverse,” Yat Siu of Animoca Brands said in a statement to GamesBeat. “That’s why we’re thrilled to support Planetarium Labs’ vision of community-focused blockchain gaming that empowers gamers with creative freedom and full digital rights.”

Multiple game studios from the Asia-Pacific region are partnering with Planetarium Labs to follow the success of Nine Chronicles. They are preparing to launch multiple community-driven gaming initiatives this year.

it’s a collaborative effort

The multi-studio team is part of a larger and more extensive partnership for Planetarium Labs throughout Asia. Other members of the new network include Krust Universe, the investment arm of South Korea’s Kakao, and game publisher WeMade.

Beyond the successful closing of the financing round, the first steps of Planetarium Labs are to work on tools. The company will allocate the funds to develop core tools for community-driven gaming and player governance. The tools will also enable key studios to deliver increasingly sophisticated Web3 experiences.

The company plans to focus on continuously improving the Libplanet ecosystem for decentralized gaming. Planetarium Labs will also present various initiatives such as ecosystem funds and community support programs.

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