Independent game developer CCP Games, known for its online multiplayer game Eve Online, announced that it has secured $40 million in funding from third-party partners to develop a latest AAA title set within the Eve universe.
We are pleased to announce that we’ve secured $40 million in funding, led by @a16zto create a latest AAA game inside EVE Universe using blockchain technology.
Find out more here: https://t.co/IZJlPRcZ0z pic.twitter.com/y9cqZKtt2l
— CCP Games (@CCPGames) March 21, 2023
The funding was spearheaded by enterprise capital firm Andreessen Horowitz, with input from Makers Fund, Bitkraft, Kingsway Capital, Hashed, Nexon and other investors.
According to CCP Games, the upcoming project will depend on blockchain technology and smart contracts to develop core gaming systems, prioritizing durability and composability, and allowing open third-party development to attach players and virtual worlds. CCP Games goals to create a latest relationship between virtual worlds and players by developing a game with a deeper level of player autonomy and agency. The developer believes that blockchain technology will help achieve this goal
Founded in 1997, CCP Games is headquartered in Reykjavik, Iceland, with additional studios in London and Shanghai.
Related: What are Web3 games and the way do they work?
Andreessen Horowitz, also generally known as a16z, is a number one enterprise capital firm that lost billions within the crypto industry in 2022. Despite the losses suffered, a16z said it stays committed to investing within the crypto market and the vision of the Web3 web. Speaking to The Wall Street Journal on Oct. 26, a16z general partner Chris Dixon said that the slowdown within the crypto market represents a possibility to further support crypto entrepreneurs and that the sector has a long-term growth horizon.
On January 17, Carry1st, a mobile game publisher in Africa, raised $27 million in a funding round involving Andreessen Horowitz. Funds will probably be used to develop a publishing and digital content creation platform as sponsors imagine the African continent is ripe for Web3 adoption.
