Third Time raises $3.5M for mobile/web horse-racing game with NFTs
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Independent games studio Third Time Entertainment has raised $3.5 million in funding to develop mobile and browser-based blockchain games.
The financing was led by games sector expert London Venture Partners (LVP), with additional funding by Reciprocal Ventures, Coinbase Ventures, 6th Man Ventures, Folius Ventures, Big Brain Holdings, and Maven Capital.
Founded by former Madden NFL creative director Ian Cummings and former EA SPORTS, FanDuel, and Zynga veteran developers Paul Fleetwood and Brian Fleming, Third Time will use the money to grow the team and its portfolio of games, built specifically for players to earn rewards as they play.
The company is offering nonfungible tokens (NFTs) to players so they can own, breed, and trade the race horses that they use in the game. Players can sell the NFT horses in a marketplace. The game is visually more appealing than rivals such as Zed Run, a rival crypto-based horse racing game that has seen a lot of success.
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Ian Cummings, CEO of Third Time, said in an interview that fun has been a key missing element from blockchain games, and the company see this part of its games as critical to developing an ecosystem for gamers that rewards them in multiple ways.
Third Time has built an expansive player community with the realistic horse racing simulator Photo Finish and the sports-themed social hub The Suites, with multiple sets of NFTs (Stylish Studs, Fine Fillies, and The Suites) already being traded amongst the top collections on the Solana ecosystem.
“Third Time is uniquely placed to deliver engaging and immersive experiences for sports fans, matching
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