Series fundings for new ventures, especially in the cryptocurrency space, gives an extra push to the efforts and pumps up the development pace
- Gaming startup platform based on Roblox, Untamed Planet, has received funding recently
- The Series A funding round was led by popular venture capital firm Animoca Brands
Recently a blockchain-based gaming startup, Untamed Planet, has raised funds worth 24.3 million in its Series A funding round that prominent venture capital company Animoca Brands led. The gaming startup uses Roblox’s game creation platform to recreate natural environments and incorporate nonfungible tokens or NFTs built on the Solana blockchain.
The startup gaming firm is known for its effort in direct saving and conservation of environment and wildlife, etc. It donates a portion of its NFT sales from 50% to 100% to conservation organizations. For instance, the micropayments in the game allowed its users to donate funds worth $10,000 to sponsor a black rhino calf residing in Borana Conservancy of Kenya in June last year.
The plans of Untamed Planet to do with the recent funding is to partner with a firm indulged in mobile gaming, nWay, which is a subsidiary of Animoca Brands itself. This partnership of gaming startups will be to create a game that would benefit conservation efforts regarding their anticipated project called Untamed Metaverse.
While nonfungible tokens have been used to increase donations to charity, use cases of social good are expanding in the space of blockchain gaming. Hong Kong-based software and venture capital company, Animoca Brands, is known for funding blockchain-based games and traditional game companies. In December of 2019, the company acquired nWay, and the firm also went on to create a blockchain-based game this year in collaboration with the International Olympic Committee.
The mission of Roblox, the platform that acts as the base for the Untamed Planet gaming project, is to bring the world together through playing games. The platform enables people to imagine, create, and have fun with their friends while exploring millions of immersive experiences in 3D that are all built by a global community of creators and developers.
Source: https://www.thecoinrepublic.com/2022/05/06/how-much-did-untamed-planet-receive-in-the-series-a-funding-round-from-animoca-brands/