NPC Labs, a web3 gaming infrastructure startup founded by three ex-Coinbase employees, recently secured $21 million in pre-seed and seed funding. The seed round was spearheaded by Pantera Capital and raised $18 million, while an earlier pre-seed round accumulated a total of $3 million. Other contributors to the funding included Makers Fund, Hashed, Collab+Currency, among others. NPC Labs intends to utilize the newly raised funds in order to further expand and refine their innovative web3 gaming platform.
With strong support from well-known investors such as Pantera Capital, Makers Fund, Hashed, and Collab+Currency, NPC Labs holds a significant advantage in the competitive domain of web3 gaming. These collaborations imply a promising future for the startup as they pave their way in the fast-evolving industry.
This robust funding, inclusive of $18 million from the seed round and an additional $3 million from the pre-seed round, provides a solid financial foundation for the company. NPC Labs is set on investing in talent acquisition, research and development, and infrastructural expansion for the purpose of their ambitious mission.
At this point, NPC Labs has refrained from releasing intricate details relating to the investment stages or the overall company valuation.
NPC Labs’ funding boosts web3 gaming growth
Nonetheless, the company has a clear focus on enhancing the use of on-chain gaming. Precise details of this undertaking have not been disclosed yet by CEO Daryl Xu.
The startup is dedicated to bolstering active user engagement within the gaming ecosystem. Already in discussions regarding the expansion of the gaming ecosystem, NPC Labs handles a unique Layer 3 ecosystem operating on Base, named B3.fun, aiming to facilitate high-frequency transactions and near-zero fee transactions for gamers.
NPC Labs recognizes the opportunities presented by on-chain gaming as a distribution and monetization medium. As a response, B3.fun was conceptualized to provide a supporting infrastructure for developers looking to tackle these challenges. It caters to game distribution, marketing, and monetization, and aids in removing barriers for game creators.
B3.fun is currently in its test stages and is compatible with games developed on existing networks. The company is in the process of making plans for integrating games from other chains along with formalizing a launch date for B3’s mainnet and introducing an exclusive B3 token in the near future.
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