Why Blockchain Gaming Firm Unitopia And Lucid Sight Raise Funds

A blockchain gaming firm called Unitopia who has made an announcement of raising 5 million US dollars in a funding round. Shuimu Fenghua Fund along with other investors like Digital Chain Capital, Super Brain Fund, Link Hui Capital and Jun Joint Venture led the round.

Lucid Sight has also made an announcement of raising $6 million in a funding round. Salem Partners along with other investors like Frontier Venture Capital, Animoca Brands, Galaxy EOS VC Fund, Digital Currency Group, and Breakaway Growth led the round. Major League Baseball (MLB), Rana Capital Partners, Los Angeles Lakers VP Research & Development Joey Buss, and AppOnboard Founder and mobile game industry pioneer Jonathan Zweig are the shareholders.

MLB Champions and Crypto Space Commander blockchain games will be shifted to traditional game platforms through the funds. Removing the existing blockchain gaming friction by bringing these games into console platforms, mobile, and PC and enhancing the functionality constantly is an idea behind this shifting. The developer tool Scarcity Engine will be introduced through the funds. The main purpose of this tool is to bridge the gap between blockchain and traditional gaming platforms.

The CEO at the blockchain gaming firm Lucid Sight Randy Saaf said, “This capital will allow us to bring games such as MLB Champions and CSC to the masses while maintaining the benefits of digital scarcity provided by blockchain technology. We have found that game players enjoy digital ownership in our games, but users want to be able to game where they traditionally game: mobile, PC, and console,” VentureBeat reported.

Lucid Sight was established in 2015. Randy Saaf, Octavio Herrera and Fazri Zubair are the founders of the firm. Music labels, name brands, and movie studios are provided with mobile games and apps through Lucid Sight. Developing innovative monetization and marketing platforms through emerging technologies [the Blockchain, Virtual Reality, and Augmented Reality] is a focus of Lucid Sight. The platforms will be developed for brands and game developers, according to the official LinkedIn account of Lucid Sight.

The blockchain gaming firm Unitopia is designed to subvert the traditional rules of games. A complete game ecosystem can be created through the firm. Decentralized games can be created through the firm and games revenues will be distributed through smart contracts. Games operations will be open. William is the first blockchain game of the firm with 300,000 users, according to the official site of Unitopia.

The research and development of blockchain games will be increased through the funds. The funds will also be used to increase the market construction and create a blockchain Steam. The main purpose of the blockchain Steam is to integrate distribution, flow, and technology, Bishijie reported.

Post Disclaimer

This article is for informational purposes only. The information is provided by Why Blockchain Gaming Firm Unitopia And Lucid Sight Raise Funds and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. The Blockchain Cafe does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button