'AO Labs' Raised $4.5 Million USD to Develop the 'Spacebar' Gaming Platform
Colin Smith — August 3, 2022 — Tech
References: ao.xyz & venturebeat
'AO Labs,' a virtual development studio, announced a successful $4.5 million USD round of funding that it will use to develop the 'Spacebar Platform.' Spacebar will be an expansive web3 hub for gamers and blockchain fans alike, offering features such as community interaction, game connectivity, and several potential types of monetization. The platform is intended to be decentralized, "community-owned," and open source.
AO Labs did not release extensive details on the Spacebar platform beyond these points. However, the company did state that Spacebar will be a casual sci-fi game set in space. The gaming platform will allow players to form in-game alliances and guilds in order to conquer the world of Spacebar. Joony Koo, one of the platform's founders, stated: “Spacebar truly believes that a game that is both fun and built together with the community can bring the mass adoption of Web 3 and crypto."
Image Credit: AO Labs
AO Labs did not release extensive details on the Spacebar platform beyond these points. However, the company did state that Spacebar will be a casual sci-fi game set in space. The gaming platform will allow players to form in-game alliances and guilds in order to conquer the world of Spacebar. Joony Koo, one of the platform's founders, stated: “Spacebar truly believes that a game that is both fun and built together with the community can bring the mass adoption of Web 3 and crypto."
Image Credit: AO Labs
Trend Themes
1. Web3 Gaming Platforms - The rise of web3 gaming platforms is providing new opportunities for community-owned and decentralized gaming experiences built on blockchain technology.
2. Community-driven Monetization - Spacebar's potential for multiple types of monetization and community ownership represents a shift towards creating fairer and more equitable ways to monetize gaming experiences.
3. Casual Sci-fi Gaming - The development of casual sci-fi games, like Spacebar, represents a growing market for immersive and entertaining gaming experiences that are accessible to a wider audience.
Industry Implications
1. Blockchain Gaming - AO Labs' Spacebar platform represents a new frontier in blockchain gaming, one that prioritizes community interaction, connectivity, and game monetization
2. Gaming Platforms - The rise of community-owned and open source gaming platforms like Spacebar signals a shift towards more inclusive and collaborative gaming experiences that prioritize player agency.
3. Casual Gaming - The popularity of casual gaming experiences, like those offered by Spacebar, presents opportunities for game developers to create more accessible and engaging games that cater to a wider audience.
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