Blockchain Gaming Startup Planetarium Labs Secures $32M in Series A Funding

Announcements, Blockchain, Investing, News | July 7, 2022 By:

Planetarium Labs, an open-source gaming platform set to pioneer a new form of community games, has raised $32 million in a Series A funding round led by Animoca Brands. The round also saw participation from Krust Universe, Wemade, and Samsung Next.

Planetarium Labs is a community-driven Web3 game company focused on delivering the future of entertainment through decentralized content and technologies. It believes that communities can create infinite possibilities through decentralized innovations and strives to empower massively multiplayer online games with creative freedom and player governance. Planetarium Labs has an integrated team of core blockchain development, game publishing, and Web3 content studio, all aligned on creating powerful synergies between technology and communities. It is working closely with major game studios from the APAC region to launch multiple community-driven game initiatives this year.

Planetarium Labs is working closely with major game studios from the APAC region to launch multiple community-driven game initiatives this year.

The latest funding will be used to build out fundamental tools for community-driven gaming and player governance while enabling key studios to deliver increasingly sophisticated Web3 gaming experiences. Planetarium Labs plans to focus on continuously improving the Libplanet ecosystem for decentralized gaming, and introduce several initiatives like ecosystem fund and community support programs to foster participation and drive continued growth.

Yat Siu, co-founder and executive chairman of Animoca Brands, said, “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.”

Jaesuk Kim and Kijun Seo, Co-CEOs of Planetarium Labs, said, “The future of gaming is moving in a direction where the players and the community collaborate on a shared vision, and we are delighted to onboard our partners to realize together our vision of games owned and shaped by the community. We are sending our invites to creators and players to build and share their own unprecedented, decentralized gaming experiences.”