N3twork Studios raises $46M to create Web3 Games
The Gaming studio has secured $46M to support the development and launch of its blockchain games.
N3twork Studios has announced that it has raised $46M in a funding round led by Griffin Gaming Partners with participation from Kleiner Perkins, Galaxy Interactive, KIP, Floodgate, LLL Capital, and N3twork Inc. The funding will support the development and launch of the Studio’s first two blockchain games, Legendary: Heroes Unchained and Triumph.
Legendary: Heroes Unchained is a play-and-earn RPG based on the famous Legendary: Game of Heroes, while Triumph will be a profound yet accessible real-time multiplayer RPG with an innovative economy that offers a hybrid of free-to-play and web3.
Commenting on the company’s objectives, President of N3twork Studios, Matt Ricchetti, said:
“We’re a group of passionate veteran game makers who see a generational opportunity to leverage our expertise building and operating free-to-play games to create authentic web3 experiences that can reach audiences of millions of players.
We believe in a future where game economies are more open and players own the assets they earn and purchase. and reaching that future will require both expanding the core crypto gaming audience and demonstrating to the massive mobile free-to-play audience that web3 is a clear value-add to their gaming experience.”
N3twork Studios is a blockchain gaming studio committed to developing fully crypto-native games alongside a hybrid of free-to-play. The company was formed in January 2022 and comprises several individuals with experience from prominent companies such as EA, Kabam, Zynga, Glu, GREE, Scopely, Machine Zone, Warner Brothers, and Disney.
The Studio will be partnering with Forte to power its game and economy as it seeks to achieve its objectives in the Web3 ecosystem.
