Crypto Alpaca dev raises $5 million to fund blockchain game platform EON Network

Will also launch cross promotion EON Protocol

Chinese/US outfit EON Foundation has announced it’s raised $5 million in seed funding.

The round was led by Cherubic Ventures, UpHonest Capital partner Wei Guo, and early Ripple and Coinbase investor Feng Li.

We’ve built successful blockchain games and now we want to help other developers thrive in this emerging market

Aron Lyu CEO, EON Foundation

The investment will be used to launch the company’s game discovery and cross promotional service EON Protocol, as well as allowing it to continue development of the EON Network.

“Common publishing considerations like maximizing profit or finding an audience are totally different on blockchain,” commented EON Foundation’s CEO Aron Lyu.

“We’ve built successful blockchain games and now we want to help other developers thrive in this emerging market.”

One of the games Lyu refers to is Crypto Alpaca, an Ethereum collection and breed game like CryptoKitties, but which also has daily bonus mechanic to drive retention.

The EON future

The EON Protocol is a publicly-accessible system of smart contracts running on blockchains such as Ethereum and EOS that developers can integrate into their games to exchange traffic.

It will use the EON token, which is already being used in Crypto Alpaca, and will be used in partner InnoVision’s forthcoming game ARCat.

The company is also working on a decentralized game platform, EON Network, which will launch in early 2019.

This will offer developers 100% of their in-game revenue and will include a referral system so players, developers, and influencers can exchange traffic.

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