You can check the website statistics yourself or request them from us at [email protected]
On this platform, only organic high-quality traffic
Bitcoin
$ 30,725

Ethereum NFT Game ‘Parallel’ Raises $35 Million

Parallel Studios, the innovative force behind the Ethereum NFT card-battler Parallel, has proudly announced securing $35 million in funding from a consortium of leading firms and distinguished angel investors.

Among the notable participants are VanEck, Solana Ventures, Distributed Global, Synergis, Base Ecosystem Fund, Collab+Currency, The Operating Group, Amber, The Spartan Group, and others.

Angel investors lending their support include Anatoly Yakovenko and Raj Gokal, co-founders of Solana, Luca Netz, CEO of Pudgy Penguins, and Gabby Dizon, co-founder of Yield Guild Games.

According to Decrypt, Parallel intends to utilize the capital to expand its captivating universe across diverse mediums and platforms. This expansion strategy involves leveraging the Parallel Ambassadors program, engaging in influencer collaborations, and launching targeted paid advertising campaigns to onboard more users.

Additionally, the studio is gearing up for launches on the Epic Games Store and Steam, alongside the unveiling of the eagerly anticipated Planetfall expansion within the game.

Furthermore, while there are contemplations about developing mobile versions of Parallel, concrete plans have yet to be established.

In late February, Parallel embarked on its journey to the public domain with a free-to-play beta offering.

Parallel stands out as a blockchain-based game that harnesses the power of NFTs for its intricate card system, enabling players to collect, trade, and engage in thrilling battles.

Notably, in 2021, Parallel secured $50 million in funding at a valuation of $500 million. However, details regarding any updated valuation post the latest funding round remain undisclosed.

Related Posts

Leave a Reply

Confirm now and stay with our news

What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

Latest Articles

OKX and Polygon Collaborate to Launch X Layer Public Mainnet
16.04.2024By
Curve Founder Nearly Liquidated During Weekend Crypto Crash
16.04.2024By
Ethereum Suffers Most Hacks Among Blockchains in 2024
16.04.2024By

Latest news

OKX and Polygon Collaborate to Launch X Layer Public Mainnet
16.04.2024
Curve Founder Nearly Liquidated During Weekend Crypto Crash
16.04.2024
Ethereum Suffers Most Hacks Among Blockchains in 2024
16.04.2024
BlackRock’s Bitcoin ETF Sees $73M in Inflows as Other Funds Remain Stagnant
16.04.2024
Reserve Bank of Fiji Says Crypto Not Recognised as Legal Tender
16.04.2024
Winklevoss Twins Invest $4.5M in Crypto Podcaster Peter McCormack’s Football Club
15.04.2024
Investor Caution Persists as Digital Asset Investment Products See $126M in Outflows
15.04.2024
Bitcoin Shows Resilience Compared to Broader Crypto Market Despite Sell-Off: Fineqia
15.04.2024
DeFi-Focused Berachain Raises $100M in Funding Round Led by Brevan Howard Digital
15.04.2024
Hong Kong SFC Approves Spot Bitcoin and Ethereum ETFs as Market Rebounds
15.04.2024