Reykjavík-based Icelandic video game developer CCP has raised $40 million to fund its new AAA blockchain game set in the EVE universe. The funding round was led by investment giant Andreessen Horowitz with participation from Makers Fund, BITKRAFT, Kingsway Capital, HASHED, Nexon, and additional participants.
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CCP was founded in 1997 and released the critically acclaimed EVE Online in 2003. Alongside independent financing, this new title’s production is separate from current and previously disclosed projects, including EVE Online, which is now in its landmark 20th year.
“CCP Games is a pioneer in virtual worlds and digital economies with 25 years of experience creating living sandboxes with unparalleled depth. They’re a veteran team and we believe in their ambitious vision to deliver incredible player experiences at the intersection of best-in-class game design and blockchain technology,” said a16z General Partner, Jonathan Lai.
“This financing has marked an exciting frontier in our studio history as we begin our third decade of virtual world operations. We are humbled by the confidence from our partners in developing this new title,” said CCP Games CEO Hilmar V. Pétursson.
This financing will allow CCP Games to build upon the discoveries of its research & development team to enable the full-scale development of a new AAA title utilizing blockchain technology, set within the EVE Universe
