Hong Kong-based VC Animoca Brands leads $32 million round of web3 gaming startup

Hong Kong-based VC Animoca Brands leads $32 million round of web3 gaming startup
Photo by Shubham Dhage / Unsplash

Web3 gaming startup, Planetarium Labs, has raised its Series A funding round of $32 million led by Hong Kong-based gaming investment firm, Animoca Brands.

  • Planetarium Labs will use the fund to build out its network with tools for gaming and player governance.
  • The startup is based on Libplanet, a software development package that allows developers to build blockchain applications mainly on the Unity game development platform.
  • The idea is to allow web3 gamers and the gaming community to access a decentralized network to power each game.
  • Samsung Next, Krust Universe, Kakao, an investment firm, and WeMade invested in the round.