Overview

Proof of Play creates engaging games that integrate blockchain technology, allowing players to own their characters and assets. Their games are designed to be long-lasting and community-driven, thanks to their open-source and decentralized nature. The company has a team of experienced developers who have previously created popular games generating significant revenue. They provide a fully on-chain infrastructure that simplifies the gaming experience, making it easier for players to engage with blockchain. Unlike many competitors, Proof of Play focuses on community ownership and offers their technology to other developers, creating a collaborative ecosystem. Their goal is to lead the blockchain gaming market by providing enjoyable games that empower players and foster a vibrant community.

Simplify's Take

What believers are saying

• The launch of Boss Chain supports scaling and multichain vision for Pirate Nation.
• Rising interest in play-to-own models aligns with Proof of Play's asset ownership approach.
• $33 million funding boosts development and expansion of Web3 gaming initiatives.

What critics are saying

• Increased competition in blockchain gaming could impact Proof of Play's market share.
• Cryptocurrency market volatility may affect the value of in-game assets and tokens.
• Regulatory scrutiny on blockchain activities could increase compliance costs for the company.

What makes Proof of Play unique

• Proof of Play combines game development with blockchain technology for unique gaming experiences.
• The company open-sources its technology, fostering innovation in the blockchain ecosystem.
• Games offer player ownership of characters and assets, enhancing engagement and value.

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Funding

Total Funding

$33M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

Andreessen Horowitz

Notable Investors:

Andreessen Horowitz

$33,000,000

Seed

Sep 2023

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$33M