Strider raises $3M to use blockchain DAOs to enable game creators
Did you miss a session from GamesBeat's latest event? Head over to the GamesBeat & Facebook Gaming Summit & GamesBeat Summit: Into the Metaverse 2 On Demand page here.
Strider has raised $3 million to enable creators to take control of their projects through blockchain-based decentralized autonomous organizations (DAOs).
The startup is creating a Web 3 platform (based on the transparent and secure digital ledger of blockchain) that lets creators use DAOs, which are a kind of substitute for a company. In this case, the DAO spreads membership and ownership of the project across both creators and the users — or players in the case of games. Strider describes it has a kind of decentralized evolution of the crowdfunding model.
1kx, an early-stage crypto fund, led the round with participation from Decasonic, Scalar Capital, Sfermion, Metaorient and Yield Guild Games (YGG). Angel investors Jeffrey “Jihoz” Zirlin, co-founder of Axie Infinity, and Jaynti “JD” Kanani, co-founder of Polygon, also participated.
The funds will be used to further scale and develop the Strider platform. Strider will give people instant and transparent access to teams developing new intellectual property (IP) for entertainment and games while allowing them the opportunity to co-create and invest.
Three top investment pros open up about what it takes to get your video game funded.
“While social media gave broadcasting power to individuals everywhere and invented the content feed, it eventually homogenized shared spaces and controlled access which dampened digital connectivity. We believe we can not only reverse that trend with Web 3, but can make everyone a co-creator and co-owner in building the biggest IPs in the world,” said Andrew Green, CEO of Strider,
Read more on venturebeat.com
