CCP Games secures USD 40 million financing for its next Web3 game

Indie game developer CCP Games, known for its online multiplayer game EVE Online, has announced that it has secured $40 million in funding from third-party partners to develop a new triple-A title set in the EVE Universe.

The financing has been led by the venture capital firm Andreessen Horowitz (a16z), with the participation of Makers Fund, BITKRAFT, Kingsway Capital, HASHED, Nexon and other investors.

According to CCP Games, the upcoming project will build on blockchain technology and smart contracts to develop core game systems, prioritizing persistence, composability, and enabling open third-party development to connect players and virtual worlds. CCP Games aims to create a new relationship between virtual worlds and players by developing a game with a higher level of player autonomy and agency. The developer believes that blockchain technology will contribute to this goal.

Founded in 1997, CCP Games is headquartered in Reykjavik, Iceland, with additional studios in London and Shanghai.

Andreessen Horowitz, also known as a16z, is a major venture capital firm that lost billions in the cryptocurrency sector in 2022. Despite suffering losses, a16z said she remained committed to investing in the cryptocurrency market and the Web3 vision of the internet. Speaking to The Wall Street Journal on Oct. 26, Chris Dixon, general partner at a16z, stated that the cryptocurrency market crash represented an opportunity to continue supporting crypto entrepreneurs and that the sector has a long-term growth horizon. .

On January 17, Carry1st, a mobile game publisher in Africa, raised $27 million in a funding round involving Andreessen Horowitz. The funding will be used to boost its digital content creation and publishing platform, as the funders believe the African continent is ripe for Web3 adoption.

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