Metatheory, a Web3 gaming company that combines entertainment experiences with blockchain elements, informed it has raised $24 million in its Series A funding round.
, makers of Axie infinity. Other participants include Pantera Capital and FTX Ventures, Breyer Capital, Merit Circle, Recharge Thematic Ventures, Dragonfly Capital Partners, Daedalus, Sfermion, and Global Coin Research.Web3 Gaming AdvantagesMetatheory is among a group of companies trying to blend gaming elements with blockchain and play-to-earn mechanics in order to produce high-end entertainment experiences.
About this, Lin stated:I truly believe blockchain will open the door to even more possibilities and have a major impact in the gaming, storytelling and community building space.According to the company, a staff of veteran devs will differentiate its products when compared to other, less refined blockchain games, already having a team of 42 employees devoted to these tasks.
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