Curio Research Secures $2.9M Funding Led by Bain Capital Crypto for its First On-Chain Strategy Game
It is reported that Curio Research, the chain game development team, has completed a seed round financing of US $2.9 million, which is led by Bain Capital Cryp…
It is reported that Curio Research, the chain game development team, has completed a seed round financing of US $2.9 million, which is led by Bain Capital Crypto, and co-invested by TCG Crypto, Formless Capital, Smrti Lab, Robot Ventures and a number of angel investors. NFT is likely to become the cornerstone of its first on-chain strategy game, Treaty.
Curio, a chain game developer, completed a seed round financing of US $2.9 million
Interpretation of the news:
Curio Research, a chain game development team, has raised $2.9 million in a seed round financing led by Bain Capital Crypto, a venture capital fund that focuses on blockchain and cryptocurrency-related investments. The funding was co-invested by TCG Crypto, Formless Capital, Smrti Lab, Robot Ventures, and several angel investors.
The company plans to use this funding to develop its first on-chain strategy game called “Treaty,” which is expected to release soon. According to their statement, the game will rely heavily on non-fungible tokens (NFTs) as a cornerstone of the gameplay, allowing players to collect and trade rare in-game items, pieces of land, and other digital assets.
In recent years, NFTs have become increasingly popular in the gaming world for their ability to provide players with ownership and control over their digital assets. These tokens operate on blockchain technology, which means that they are entirely unique, traceable, and immutable, making it easier for companies like Curio Research to build complex and engaging game economies.
The gaming industry has been growing significantly in the past few years, with the global market size projected to reach over $218 billion by 2023. As a result, blockchain-based gaming experiences like “Treaty” are becoming increasingly popular as the technology provides players with additional levels of engagement and a more immersive experience.
Furthermore, blockchain technology has the potential to solve many of the challenges that traditional gaming companies face, such as copyright infringement, fraud, and cheating. By integrating blockchain into their games, companies like Curio Research can ensure that players’ in-game assets are secure and that the gameplay experience is transparent and fair.
In summary, Curio Research’s recent seed round financing led by Bain Capital Crypto is a testament to the growing popularity and potential of blockchain-based gaming experiences. With “Treaty,” the team has demonstrated their commitment to utilizing the latest technologies to offer players a more immersive and engaging gaming experience while also providing unprecedented levels of transparency and security.
Keywords:
Curio Research, Seed Round Financing, On-Chain Strategy Game, NFT, Bain Capital Crypto
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