Stardust, a provider of tools for blockchain game development, raised $30 million in a Series A round led by Framework Ventures.
Well we have some big news to share and we cannot contain our excitement!!! Thank you to everyone that’s been a part of our journey. Check out the full article 👇 Now, back to building!https://t.co/OQcop04rDL
— Stardust (@Stardust) October 18, 2022
Participants included: Acrew Capital, Blockchain Capital and Distributed Global.
The company was founded in 2018 by its current CEO Kanaan Linder. The idea for the startup was suggested to him by the NFT game CryptoKitties. According to Linder, even with his experience as a programmer and developer, the project’s user interface proved to be “very complex”.
Stardust aims to facilitate the development of accessible virtual games built on blockchains such as Solana and Polygon, using cryptocurrency and NFTs.
The company employs 40 people. It charges game developers a monthly per-player subscription fee and a commission on network transactions.
Framework Ventures co-founder Michael Anderson, commenting on the investment in Stardust, noted that the startup could expand the blockchain-gaming space, including via studios from the traditional gaming industry.
According to him, Stardust’s infrastructure is capable of bringing together Web2 gamers and Web3».
He stressed that the company is already working with game publisher Tilting Point, which is aiming to enter the blockchain-gaming space.
“Web3 is an industry that will not go away,” Anderson concluded.
In 2021, the OP Crypto Capital Management fund invested in Stardust for $25 million, which was backed by Huobi, Galaxy Digital’s Mike Novogratz, DCG’s Barry Silbert and other industry participants.
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