Planetarium Labs raises $32 million from Series A funding round led by Animoca Brands

Planetarium Labs wants to develop technologies that will take community-driven blockchain gaming to the next level.
Planetarium Labs received an investment of 32 million dollars.
Planetarium also wants to expand its activities in the Asian market with the support of its investors.

The race in the blockchain games space continues. Planetarium Labs has completed its Series A funding round, raising $32 million to become a pioneer in blockchain gaming.

Animoca Brands led the Series A funding round. Krust Universe, WeMade, and Samsung Next were also among the notable investors.

Planetarium Labs wants to create a decentralized and open-source Web3 gaming ecosystem based on the Libplanet blockchain technology. In this ecosystem, it is aimed that the players can actively participate in the game, and they are allowed to produce game content as they wish.

This is not Animoca Brand’s first investment in Libplanet. The company previously supported Nine Chronicles, which is built on the same blockchain technology. Animoca has participated in 224 different investment rounds so far and was the lead investor in 95 of them.

Animoca Brands’ Yat Siu said in an interview with GamesBeat:

“We strongly believe that the future is massive decentralized worlds in an open metaverse. Which is why we are delighted to support Planetarium Labs’ vision of community-centric blockchain games that empower players with creative freedom and full digital rights.”

After the investment, Planetarium Labs started working on the base tools needed for a community-driven ecosystem. In addition, the cooperation with investor companies also signaled long-term studies and partnerships in the Asian region. We may soon see Planetarium Labs expand its activities in Asia with the support of existing investors.

Leave a Reply

Your email address will not be published. Required fields are marked *