Planetarium Labs raises $32M in Series A funding
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Planetarium Labs has raised $32 million off a Series A funding round, led by Animoca Brands. Krust Universe, WeMade and Samsung Next also joined the funding in the hopes of laying the groundwork for a generation of community powered and governed Web3 games.
Planetarium Labs is aiming to become a pioneer of open-source, decentralized blockchain games. The company is building a gaming ecosystem based on Libplanet blockchain technology. Its goal with the choice is to allow players to participate in the game network and offer the chance to play a major role in the open-source content development.
Libplanet is already the home of Nine Chronicles, an open-source online RPG which runs entirely on the blockchain. Animoca Brands is also one of the supporters of Nine Chronicles in addition to leading Planetarium Labs’ funding round. Animoca Brands is dipping toes in a lot of ponds, these days. The Hong Kong based software company is kind of everywhere, these days. Beyond Nine Chronicles, it’s got loads of big brands in its portfolio, including Disney, the WWE and The Walking Dead.
“We strongly believe that the future is massive decentralized worlds in an open metaverse,” Animoca Brands’ Yat Siu said in a statement to GamesBeat. “Which is why we are delighted to support Planetarium Labs’ vision of community-centric blockchain games that empower players with creative freedom and full digital rights.”
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