Village Studio raises $2.3M for cross-game Playken avatars
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Village Studio has raised $2.3 million to create cross-game Playken avatars based on non-fungible tokens (NFTs).
The Web3 platform was founded by games industry veterans Will Luton (SEGA, Rovio), Cyril Barrow (Rovio, EA) and Tak Fung (Microsoft, Zynga).
Animoca Brands, which has made more than 200 blockchain game investments, led the round with participation from Venrex, AngelHub, K3 and WinZO as well as angel investors including Jas Purewal (chairman, Facepunch) and Phil Mansell (CEO, Jagex).
Village Studio wants to solve the problem of interoperability in Web3 games, starting with the Playken avatar platform and portfolio of games. Playkens are game portable avatars dressed in NFT wearables that can be purchased and traded. Each wearable will have unique attributes that can be utilized across multiple games, the company said.
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Luton, cofounder and head of product, said in a statement, “It’s great to have Animoca Brands on board with us for this journey. They instantly got what we were looking to achieve and the problems we are here to solve.”
The funding round will allow Village Studio to make key hires and begin to build out the platform and its games.
Cyril Barrow, cofounder head of operations, said in a statement, “Making game items interoperability valuable for players and developers is our vision. Having Animoca Brands by our side and backing us is a great opportunity for Village Studio.”
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