Developers of Tetris Beat will make a blockchain game

N3TWORK Studios, a blockchain video game studio, has raised $46 million in a Series A fundraising round to support the development of its first two crypto-native titles. N3TWORK Studios has raised $46 million just before the release of their game. The funds will be utilized to continue developing Legendary: Heroes Unchained and Triumph, Forte, the video game's first web3 games. The money will be utilized to improve the platform for its games as well as expand its tokenomics. N3TWORK Studios believes that free-to-play blockchain games have a bright future.

Griffin Gaming Partners, a venture capital firm specializing in gaming entrepreneurs, led the investment round. Kleiner Perkins, Galaxy Interactive, Floodgate, LLL Capital, N3TWORK Inc, and others are among the other participants.

With more than $3 billion streaming into Web3 games and the Metaverse this month, it is quickly becoming an important aspect of the crypto business.

Sources:

https://www.investing.com/news/cryptocurrency-news/developers-of-tetris-beat-for-apple-arcade-raised-46m-to-create-a-blockchain-game-2828128

https://dailycoin.com/developers-of-tetris-beat-for-apple-arcade-raised-46m-to-create-a-blockchain-game/

https://www.streetregister.com/2022/05/19/developers-of-tetris-beat-for-apple-arcade-raised-46m-to-create-a-blockchain-game-breaking/

https://metacrunch.org/developers-of-tetris-beat-for-apple-arcade-raised-46m-to-create-a-blockchain-game-dailycoin/