LINE Games' Web3 Gaming Unit Nerdystar Secures $10.8 Million in Funding
Nerdystar, a blockchain gaming affiliate of LINE Games, raised $10.8 million to onboard Web2 games into the Web3 ecosystem.
LINE Games raised $10.8 million for its blockchain game studio Nerdystar
Nerdystar, a Web3 gaming unit of LINE Games, announced the completion of $5.8 million seed round funding on August 10th. The round followed an initial investment of $5 million from LINE Games, bringing the total funding to $10.8 million. Other notable investors who participated in the round include Blocore, BITKRAFT Ventures, LINE Games, FTX Ventures, GuildFi, Formless Capital, VistaLabs, Seum, and SBXG.
Founded by gaming veterans with over 10 years of expertise, Nerdystar aims to onboard traditional games into the Web3 ecosystem through its blockchain game platform LUXON. Games on LUXON will be based on LINE Games' popular IPs first, allowing Nerdystar to bring high-quality games to Web3 quickly. In the future, the platform will also open up to any third-party games that demonstrate success in their original IPs.
To be sure, the studio plans to build many exciting games with significant NFT depth on LUXON. The very first game on the platform is Desperado B218: The Scars of Exos, a turn-based anime role-playing game (RPG) in which players duke it out in a group of five to earn LXN tokens.
"With insights and experience gained from more than ten years of expertise in the game industry, engaging gameplay is not an afterthought at Nerdystar," said Alan Huh, CEO of Nerdystar. "We aim to appeal to a traditional gaming audience that wants more ownership without sacrificing game quality."
Since its launch, Nerdystar has grown to 100 developers and artists, most of whom are senior staff who transitioned from OOZOO studios of LINE Games to focus on Web3 games.
With the latest move, LINE Games joins a fleet of other traditional game makers that embrace blockchain gaming such as Sega and Square Enix. Last week, another Web2 developer, Firefly Games, joined forces with The Sandbox and Com2uS to venture into Web3.