CCP Games raises $40 million from a16z and other investors

The company CCP Games has raised $40 million to develop a blockchain-based game set in the EVE Online universe.

We’re excited to announce that we have secured $40M financing, led by @a16z, to create a new AAA game within the EVE Universe utilizing blockchain technology.

Learn more here: https://t.co/IZJlPRcZ0z pic.twitter.com/y9cqZKtt2l

— CCP Games (@CCPGames) March 21, 2023

The seed round was led by Andreessen Horowitz (a16z). Other participants included Makers Fund, Bitkraft, Kingsway Capital, Hashed and Nexon.

“Long before the first blockchain was created, the science-fiction space MMO EVE Online demonstrated many of the core principles that today define Web3,” said representatives of a16z.

Investors noted the studio’s skills in creating large open worlds and a thoughtfully designed economy. The new AAA-format game will use smart-contract technology, with a focus on security and scalability, according to the press release.

CCP Games CEO Hilmar Veigar Petursson said the developers’ core idea is to create a virtual world that will be ‘more meaningful to users than real life.’

Back in February, the role-playing online game Worldwide Webb attracted $10 million from Pantera Capital.