Curio Research Raises US $2.9 Million for NFT-focused On-chain Strategy Game, Treaty
It is reported that Curio Research, the chain game development team, has completed a seed round financing of US $2.9 million, which is led by Bain Capital Cryp…
It is reported that Curio Research, the chain game development team, has completed a seed round financing of US $2.9 million, which is led by Bain Capital Crypto, and co-invested by TCG Crypto, Formless Capital, Smrti Lab, Robot Ventures and a number of angel investors. NFT is likely to become the cornerstone of its first on-chain strategy game, Treaty.
Curio, a chain game developer, completed a seed round financing of US $2.9 million
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Curio Research, the chain game development team, has recently finished a seed round financing of US $2.9 million. The financing was led by Bain Capital Crypto and was co-invested by TCG Crypto, Formless Capital, Smrti Lab, Robot Ventures, along with numerous angel investors. The funds raised would be used to create a blockchain-based strategy game, Treaty, which is likely to feature Non-Fungible Tokens (NFTs) significantly.
The use of NFTs could change the gaming industry significantly. In the past, games have used in-game assets that have little or no value outside of the game world, allowing game publishers to retain complete control over the assets. NFTs, on the other hand, are unique cryptographic tokens that represent digital assets such as art, music, and virtual real estate, which can be sold, traded and stored outside of the game world. Therefore, NFTs enable players to truly own their digital assets and control them outside of the game. In the context of Treaty, the use of NFTs could create an entirely new economic system where players can not only participate in the game but also financially benefit from their unique in-game assets.
The optimism around Treaty is somewhat justified due to Curio Research’s impressive track record. It has released over a dozen blockchain-based games and has even partnered with some of the largest gaming companies, including Ubisoft and Square Enix. The co-founder of Curio Research, Michael Yum, believes that with the use of NFTs Treaty could offer players a unique and exciting gaming experience. The product is expected to launch by the end of 2021.
The seed financing round could also signify the growing interest in the blockchain gaming industry. In the last few years, the gaming industry has seen a significant shift towards blockchain-based games powered by NFTs. It is very likely that other gaming companies will follow Curio Research’s example as they embrace the potential of blockchain technology and NFTs to offer players a new level of ownership and control over their in-game assets.
In conclusion, the Curio Research’s seed funding for Treaty has the potential to redefine the gaming industry by integrating blockchain technology with NFTs. This could create entirely new opportunities for players to interact with the gaming world and reap financial rewards for their in-game assets. It is an exciting time for the gaming industry, and it is only a matter of time till we see the significant advantages and changes of integrating blockchain technology into traditional gaming platforms.
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