Horizon Blockchain Games Raises $3.75M USD In Seed Funding

Blockchain, Investing, News | July 19, 2019 By:

Video game studio and blockchain infrastructure company Horizon Blockchain Games has raised $3.75 million in a seed funding round led by Initialized Capital, the venture fund of Reddit co-founder Alexis Ohanian. Other investors include Coinbase Ventures, Polychain Capital, Digital Currency Group, and Inovia Capital.

Founded in 2018, Horizon creates games for the new era enabled by blockchain technology. The company has focused on creating a high-quality, Hearthstone style online trading card game on iOS, Android, Mac, Linux, and Windows. Horizon is set to enter open beta with its debut title, SkyWeaver, a digital card game, in Fall 2019, along with its crypto-arcade platform and wallet, Arcadeum.

“Blockchain technology has given rise to the next generation of the Web: the Internet of value,” said Peter Kieltyka, co-founder and CEO of Horizon Blockchain Games. “This new Web marks the transition from applications as networks to applications as economies that share and exchange value with their users and co-creators, providing revenue sharing at a protocol level. At Horizon, we’re passionate about giving games blockchain super-powers by offering our players the freedom to own and trade their digital items across an open Internet.”

Horizon’s online game SkyWeaver innovates on the popular trading card genre by blending accessible yet deep game design with the freedom for players to truly own their digital cards and securely trade them on the ethereum blockchain network.

“SkyWeaver allows players to win cards by competing and ascending the ranks of its worldwide leaderboard,” the company said. “Players can then play with, trade, give away, or sell their cards on the Ethereum network, for real-world value. SkyWeaver will allow cross-platform play and will launch with more than 300 cards and offer players unique playstyle classes to choose from called Prisms.”

The firm’s crypto-arcade platform, Arcadeum, will provide players with secure wallets to store their SkyWeaver assets in addition to assets from other blockchain games. The open-source platform will also offer third-party developers the opportunity to bring their own blockchain games to the new web.

Ohanian said that they invested in Horizon because not only do they have a long term future vision with a desire to make a positive impact on society, they are a far-seeing video games company, making engaging experiences that will give players all the benefits of digital and physical worlds colliding.

“Peter and the Horizon team have impressed me as a company with great passion to make blockchain meaningful for games,” Ohanian said.