Web3 gaming protocol Heroic Story raised $6 million in a seed round led by Upfront Ventures with participation from Multicoin Capital and Polygon Technology, the company announced on Nov. 17.<\/p>\n
The funds will be used to hire talent, market the live beta and develop on-chain technology for a massively multiplayer role-playing game (RPG) world, the company told Cointelegraph. The round brings Heroic Story\u2019s total financing to $7.4 million. <\/p>\n
Other investors included strategic angels, such as a16z Games Fund One founding investor Jonathan Lai, Team Liquid CEO Steve Arhancet and Quantstamp CEO Richard Ma, alongside Miramax head of film Wolfgang Hammer and screenwriting duo Ryan and Kaz Firpo, who are cousins and co-writers of Marvel\u2019s Eternals<\/em>.<\/p>\n “We fell in love with the vision for Heroic Story because they are building authentic online RPG experiences for large, global audiences passionate about the tabletop RPG genre,\u201d said Mark Suster, managing partner at Upfront Ventures.<\/p>\n Previous investors in the gaming company include Transcend Fund, Twitch co-founder Kevin Lin, Kabam co-founder Holly Liu and Thirdweb CEO Furqan Rydhan. <\/p>\n Related:\u00a0AAA gaming companies will look like peanuts as GameFi evolves \u2014 Skale CEO<\/em><\/strong><\/p>\n Founded in 2019 at Y Combinator, the company offers multiplayer versions of popular tabletop role-playing games, or TTRPGs, combining storytelling and technology in immersive experiences for players. <\/p>\n \u201cThe intersection of storytelling and technology has been the theme of my career, from my early years as a top online poker pro and entrepreneur, to designing and directing one of the first adventure games for consumer VR,\u201d said Jay Rosenkrantz, CEO of Heroic Story, adding that \u201csmart contract powered platforms will transform gaming, storytelling, and community building.\u201d<\/p>\n The company\u2019s first game franchise, Legends of Fortunata, was released in 2021 with an immersive game experience that the company says \u201celiminates the pain points of playing traditional tabletop games online, with no stress scheduling and an exciting virtual rewards system designed to broaden the reach and appeal of TTRPG to new audiences.\u201d<\/p>\n The\u00a0market capitalization of blockchain games was around $25 billion at the start of 2022. The gaming experience is one of the main challenges blockchain-based games face.<\/p>\n