Overview

Metatheory creates engaging experiences in the gaming industry, with its main product being DuskBreakers, a free-to-play roguelite shooter. This game features fast-paced action, collectible elements, and competitive leaderboards, appealing to a wide range of gamers from casual to hardcore. Players can enjoy the game without an upfront cost, with revenue generated through in-game purchases and possibly advertising. Metatheory aims to change traditional gaming by offering unique adventures and actively engages its community through platforms like their website, Twitter, and Discord, providing updates and fostering interaction.

Simplify's Take

What believers are saying

• Increased interest in Web3 gaming drives investment and innovation for Metatheory.
• Popularity of roguelite games supports Metatheory's flagship product, DuskBreakers.
• Cross-platform play and cloud gaming enhance accessibility and player engagement.

What critics are saying

• FTX collapse may affect Metatheory's reputation and investor confidence.
• Volatility in cryptocurrency markets can impact Metatheory's financial stability.
• Increasing competition in Web3 gaming could dilute Metatheory's market share.

What makes Metatheory unique

• Metatheory focuses on Web3 games, offering unique blockchain-based gaming experiences.
• DuskBreakers combines fast-paced action with collectible elements and competitive leaderboards.
• Metatheory leverages cross-generational IP to create immersive and engaging experiences.

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Funding

Total Funding

$28.3M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

Andreessen Horowitz

Notable Investors:

Andreessen Horowitz

$28,260,000

Series A

May 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$28.3M

$30M