'Thirdverse' Raised $15 Million to Develop Web3 and Metaverse Titles
Colin Smith — November 22, 2022 — Tech
References: thirdverse.io & venturebeat
'Thirdverse' is a Tokyo, Japan-based game development studio with four upcoming game titles. The company recently raised $15 million USD to accelerate the development of its Web3 and VR-focused titles, effectively transitioning into a dedicated metaverse and blockchain development company.
The developer stated it will use this funding to acquire key talent, strengthening its employee base of developers, game creators, and other related professionals. The CEO of Thirdverse, Hironao Kunimitsu, stated: “After significant growth in the past year, and with many projects in development and about to start development, we’re proud to enter a new stage of more accelerated growth for Thirdverse.”
The titles Kunimitsu is referring to include the 'Swords of Gargantua,' 'Altair Breaker,' and 'X8' VR games, as well as the 'Captain Tsubasa -Rivals-' blockchain-based game.
Image Credit: Thirdverse
The developer stated it will use this funding to acquire key talent, strengthening its employee base of developers, game creators, and other related professionals. The CEO of Thirdverse, Hironao Kunimitsu, stated: “After significant growth in the past year, and with many projects in development and about to start development, we’re proud to enter a new stage of more accelerated growth for Thirdverse.”
The titles Kunimitsu is referring to include the 'Swords of Gargantua,' 'Altair Breaker,' and 'X8' VR games, as well as the 'Captain Tsubasa -Rivals-' blockchain-based game.
Image Credit: Thirdverse
Trend Themes
1. Metaverse Development - Thirdverse's focus on developing Web3 and VR-based titles represents an opportunity for companies to invest in metaverse development and explore new possibilities for immersive experiences.
2. Blockchain Gaming - Thirdverse's blockchain-based game, Captain Tsubasa -Rivals-, highlights a potential trend towards integrating blockchain technology into traditional gaming, opening up new opportunities for gameplay mechanics and monetization models.
3. Virtual Reality Expansion - Thirdverse's VR-based titles showcase the potential for a continued expansion of virtual reality into gaming and entertainment, presenting opportunities for companies to innovate and create experiences that bridge the physical and digital worlds.
Industry Implications
1. Game Development - Thirdverse's transition into a metaverse and blockchain development studio highlights opportunities for traditional game development companies to explore new technologies and incorporate them into their own development processes.
2. Virtual Reality Hardware - Thirdverse's focus on developing VR-based titles presents an opportunity for virtual reality hardware companies to expand and improve their offerings, creating a more immersive and compelling experience for users.
3. Blockchain Technology - Thirdverse's Captain Tsubasa -Rivals- game demonstrates the potential for blockchain technology to disrupt and innovate traditional gaming and entertainment industries, creating new opportunities for blockchain-focused companies.
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