South Korean based startup planetarium lab A community-based Web3 startup raised $32 million in Series A funding led by Animoca Brands. Other investors in this round include Samsung Next, Crust Universe, publisher of the play-to-earn game Mir4We Made, and investment arm Kakao Ventures.
“The company plans to build its network with tools for gaming and player governance.” Co-founder and CEO Kijun Seo told Coindesk in a mail.
Planetarium Labs started out as an open source, community-driven Web3 company focused on creating a gaming environment that enables community and user participation in open source content creation and game networks.
It is a gaming system based on LIbplanet, a software development kit that helps developers build blockchain applications on the Unity game development platform. The firm is collaborating with game developers in the Asian-Pacific to provide community-focused projects.
To encourage growth, the company plans to focus on enhancing the LibPlanet environment for decentralized gaming and introducing an ecosystem fund and community support scheme.
Hong Kong-based sports investment firm Animoca Brands It recently reported that its investment portfolio was valued at more than $1.5 billion across 340 investments as of the end of April.
“We strongly believe that the future is a vast decentralized world in an open metaverse, so we are delighted to support Constellation Labs’ vision of a community-focused blockchain game that empowers players with creative freedom and full digital rights. makes” yat siu Co-Founder and Executive Chairman of Animoca Brands said in the press release.
Shared by Kijun Seo, Co-Founder and CEO
CEO Seo said, “Instead of multiple games sharing a network, each game runs its application on a specific blockchain network and has the freedom to design its own governance and customize tokens, such as allowing earning “
LibPlanet technology was used in the open-source online role-playing game Nine Chronicles, which has 300,000+ users and is backed by the Animoca brand, Binance Labs and Ubisoft. Nine Chronicles will launch “Chapter 3,” which will be updated with a slate of new features, including schedules and player championships.
Planetarium Labs is supporting the development of live-action collectible NFT (non-fungible token) RPG Stella Fantasy, which had major gameplay with XL Games founded by Jake Song, creator of the famed Lineage franchise and co-founder of Nexon. Had to find out. Community-governed MMORPGs refer to massively multiplayer online-playing games.