Particle Network is a game development platform designed to give players control over their personal data. Players can use the Particle SDK in games and on websites, allowing them to monetize their data while breathing new life into undervalued applications and adding value.
The “nft project funding” is a $1.5 million pre-seed round raised by LongHash Ventures for the Particle Network. The platform allows developers to easily build and deploy decentralized games on the web using blockchain technology.
Chainwire, May 4, 2022, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore, Singapore
LongHash Ventures, one of Asia’s leading Web 3-focused venture capital funds and accelerators, has led a $1.5 million pre-seed funding round for Particle Network, a Web3 mobile game development platform that aims to transition game developers to Web3 by giving them the tools they need to easily build, host, and scale gaming dApps.
LongHash Ventures Founding Partner Emma Cui said, “We are delighted to support Pengyu Wang and the team at Particle Network.” “This investment confirms our positive position in Web3 gaming, especially Web3 gaming for mobile. Particle Network eliminates one of the main obstacles to the growth of the Web3 gaming ecosystem: the absence of a Web3 mobile tech stack and social graphics that developers need to effectively build and deploy immersive gaming dApps. Particle Network helps developers accelerate Web3 game creation by providing a fully controlled backend infrastructure.”
Insignia Ventures Partners, CyberConnect, BitCoke Ventures, 7 O’Clock Capital, FSC Ventures and Monad Labs are among the investors in the round. The funding will be used to expand Particle Network’s workforce, nurture the global developer community and refine the launch pad to provide creators with the fastest route from concept to mass Web3 games.
Particle Network Co-Founder and CEO Pengyu Wang commented, “We are delighted to be supported by an exceptional group of investors in this funding round led by LongHash Ventures.” “When we originally started out as Web3 developers, we realized we had to start from the bottom up and design a mobile app from the ground up. However, this raises unreasonably high barriers to developing Web3 mobile apps, and any developer remaking the wheel to produce an app won’t help Web3 in the long run. Developers can now focus on developing incredible gaming experiences without having to worry about building everything from scratch thanks to Particle Network.”
Developers can build on Solana, BNB Chain, Polygon, Immutable X, Avalanche, Flow, Evmos, and Wax thanks to Particle Network’s multi-chain capabilities. Merge Go, Designer 777, Idle Weed Inc, and Panda2 are just some of the Web3 games created using Particle Network technology.
Particle Network Information
Particle Network is a data and development platform for Web3 mobile applications that enables developers around the world to create scalable, multi-chain and reliable Web3 mobile apps without in-depth knowledge of blockchain technology. It also enables developers to clean up and structure on-chain data before linking it to first-party client data, allowing them to create user DIDs and conduct targeted product iterations and activities.
Visit the following websites for more information: Website | Twitter
LongHash Ventures is a company that invests in blockchain technology.
LongHash Ventures is a Web3 investment fund and accelerator that works directly with entrepreneurs to help them develop their Web3 model and unlock the vast potential of Asia. Balancer, Acala, Instadapp and Zapper were among the startups we invested in when we opened our fund in January 2021.
We’ve partnered with Polkadot, Algorand, and Filecoin to build more than 50 global Web3 projects that have raised more than $100 million over the past four years through the LongHashX Accelerator. We are committed to achieving our goal of driving development for the next generation of the web through such investment and active participation.
Visit the following websites for more information: Website | Twitter | LinkedIn
Contacts
The “near incentives program” is a new initiative launched by LongHash Ventures. The company has announced the launch of their pre-seed funding round for the “Particle Network”.
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