Quick take:
- Ubisoft Entertainment SA and Take-Two Interactive Software also participated in the round.
- The company said its valuation was higher than in its previous funding round last year.
- Horizon was valued at $89.5 million after last year’s funding.
Horizon Blockchain Games today announced the closing of a $40 million Series A round led by Brevan Howard Digital and Morgan Creek Digital.
Participants in the round included Take-Two Interactive Software Inc., Polygon, Ubisoft, Xsolla, Initialized Capital, BITKRAFT Ventures, CMT Digital, Quantstamp, Round13 Capital, Xchange, and Everyrealm.
Also joining the round are key angel investors such as Shopify’s CEO Tobias Lütke, The Sandbox’s co-founder Sebastien Borget, Sky Mavis and Axie Infinity co-founder Aleks Larsen, Lolli’s co-founder Alex Adelman, and leading Ethereum educator and The Daily Gwei’s founder Anthony Sassano.
The fresh injection of funds will be used to expand Skyweaver’s content and reach; and introduce Niftyswap, a semi-fungible token (SFT) marketplace.
“At Horizon, we have a long-term vision for the future of web3, and are carefully building complementary products to support the ecosystem,” said Peter Kieltyka, Horizon Co-Founder and CEO. “Our Series A allows us to grow the Sequence ecosystem by attracting more builders to our platform via marketing, community, and partnership initiatives. We also have big plans to expand the content and community features for our game Skyweaver and launch Niftyswap, a decentralized marketplace that makes exchanging SFTs easy and secure.”
Sequence aims to become the go-to platform for any company or project building a consumer-facing Web3 product. The Web3 developer platform offers tools including a smart contract wallet, onramps, token and NFT APIs, a custom marketplace builder called Niftyswap Protocol and more.
Nearly 40 projects are integrating Sequence tools, with twelve already utilizing the platform, including Skyweaver, Cool Cats, Niftyswap, Sunflower Land, Dark Earth, BoomLand, Mechachain and others. Sequence Wallet, already with over 675,000 users, is also integrated into the new boxing NFT marketplace on Polygon from DAZN, the global sports entertainment platform.
“What separates Horizon from so many other companies is their deep technical prowess with Sequence, and how the developer platform has been informed by building their own applications: Skyweaver, which is a uniquely great game, and Niftyswap,” said Xavier Segura, General Partner at Morgan Creek Digital. “They understand what’s been fumbled in blockchain and have designed a powerful platform that will usher in both developers and users to web3.”
Horizon will also use the capital to expand and enhance the world of its blockchain TCG Skyweaver, which was released as an open beta on Feb 8. Additionally, Horizon will expand into a new business pillar with Niftyswap.io, a decentralized marketplace for Web3 collectibles, and provide front-end access to this marketplace, which allows users to instantly buy and sell tradable items, while liquidity providers earn fees.
Niftyswap aims to be the premier destination for trading SFTs, Web3 and metaverse goods, including video game items, digital fashion, metaverse collectibles, and more. The marketplace has been released to a group of external testers from the Web3 community in preparation for a public release this fall.
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