Horizon, the company that made the trading card game Skyweaver with non-fungible tokens (NFT), has raised $40 million in a Series A funding round, the company said on Tuesday.
The blockchain-based gaming startup plans to use the money to build out its Sequence developer platform, Niftyswap marketplace, and Skyweaver game and to hire more people.
Skyweaver is an online game where players battle each other using fantasy-themed trading cards in the form of NFTs. NFTs are digital assets on a blockchain that represent ownership of virtual or physical items. By June, there were more than 400,000 accounts on the platform.
The round was led by Brevan Howard Digital and Morgan Creek Digital, and Ubisoft (UBI) and Take-Two Interactive also put money into it (TTWO). Polygon, Bitkraft Ventures, CMT Digital, Quantstamp, Round13 Capital, Xchange, and Everyrealm were also involved, as were individual investors like Tobias Lütke, CEO of Shopify, Sebastien Borget, co-founder of Sandbox, and Aleksander Larsen, co-founder of Axie Infinity.
“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.”
