Startup by Parallel Studios Ethereum NFT Card Battler ParallelThe announcement was made late Wednesday. $35 million raised We are receiving new funding from several major companies in the cryptocurrency world and a number of high-profile angel investors.
The list includes investment management giant VanEck; Solana ventures, Base They include Ecosystem Fund, Collab + Current, and The Spartan Group, and the angel list includes Solana co-founders Anatoly Yakovenko and Raj Gokal. chunky penguin Luca Netz, owner and CEO; Yield Guild Games and co-founder Gabby Dizon.
Parallel previously raised $50 million from Paradigm in 2021, which the studio said at the time gave it a $500 million valuation. The company did not disclose an updated valuation or the latest form of financing.
However, Parallel Studios has shared some details with: decryptionGG explains how it plans to utilize its $35 million injection and provides more clarity on what’s ahead, not just for Parallel.GG’s Game of the Year 2023—However, recently released AI-based colony game It is built on top of Solana.
$𝟯𝟱𝗠 𝗙𝘂प्र्त𝗴.
We are excited to announce our latest funding round! Our team is excited to expand Parallel Worlds through new mediums and platforms. // pic.twitter.com/ZJLyFoahjH
— Parallel (@ParallelTCG) March 28, 2024
The fundraising comes just a few weeks after Parallel. was released to the public This is a free-to-play beta version. Parallel Studios aims to “onboard more users” with its recent expansion, a studio representative said. Parallel metabolic program We work more with influencers as well as through paid advertising in various markets around the world.
They’re also aiming to take some major steps in the coming months, including a launch on the Epic Games Store and Steam, as well as an imminent in-game release. Planetfall Expansion. A mobile version is also on the roadmap and is a “key area of interest,” he said, but there is no confirmed timeline yet.
The representative added that Parallel has already seen a 10-fold increase in website sign-ups recently compared to January, before the launch of open beta, and has set an all-time record for daily active users. The team said they plan to share these data more publicly in the near future once they can better validate the measured statistics.
And then there’s Colony, another major focus for the studio. After much teasing, Parallel Studios recently announced Extensive White Paper As seen in Parallel, we detail a generative AI-based “survival simulation” game that leverages the Solana blockchain instead of an Ethereum and scaling network base.
As mentioned above, Solana Ventures participated in the latest funding round, and included two of the network’s prominent co-founders among its backers.
Parallel Studios aims to have the beta version available to the public by the end of the year, reflecting the goals outlined in the white paper. The funding will also help with the further development of Wayfinder, an on-chain AI protocol that powers Colony and potentially other apps and games.
“Wayfinder is a new artificial intelligence (AI)-driven platform that enables user-owned autonomous AI agents to safely and efficiently navigate within blockchain ecosystems and applications while independently trading the assets they control through a dedicated Web3 wallet. It is an omnichain tool.” blank reading.
A pre-alpha version of Colony has already been tested, but the studio says it will use the investment funds to accelerate development of the game and begin further testing this summer. A spokesperson said Parallel Studios is “moving very quickly to hire more people on the Colony side” to achieve these goals.
PRIME, an Ethereum-based Parallel token that will be linked to Solana for use in Colony, is: Up 12% over the past day Since the funding news was announced, the current price is around $23.30. The token has been on a hot streak recently, rising 63% in the past 30 days. Following the latest Colony reveal, it hit a new all-time high of $28.00 on March 18th.
Edited by Ryan Ozawa.