Canadian developer Horizon Blockchain Games has closed a $3.75 million seed round.
The investment was led by Reddit co-founder Alexis Ohanian’s venture fund, Initialized.
Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital also participated.
Horizon is currently working on its debut release, an Ethereum-based trading-card game called SkyWeaver.
We’re passionate about giving games blockchain super-powers by offering our players the freedom to own and trade their digital items.
Due enter open beta in the fall, SkyWeaver is an easy-to-access free-to-play game that will support mobile, browser and PC.
In addition to SkyWeaver, Horizon has also created an ID/wallet product called Arcadeum. The open-source platform will – of course – integrate deeply with SkyWeaver, but also enable users to interact with all Ethereum-based dapps.
Reasons to be cheerful
“Peter and the Horizon team have impressed me as a company with great passion to make blockchain meaningful for games,” said Initialized Capital managing partner and Reddit co-founder Alexis Ohanian.
“We are proud to have invested because not only do they have a long term future vision with a desire to make a positive impact on society, they are a far-seeing video games company, making engaging experiences that will give players all the benefits of digital and physical worlds colliding.”
Horizon CEO Peter Kieltyka also commented: “At Horizon, we’re passionate about giving games blockchain super-powers by offering our players the freedom to own and trade their digital items across an open Internet.”
You can sign up for SkyWeaver’s open beta via its website.