Proof of Play Secures $33 Million Seed Funding to Pioneer Forever Game and Revolutionize Web3 Gaming

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Discover how Proof of Play secured $33M to revolutionize web3 gaming with Forever Games, featuring insights from industry leaders.

The introduction of blockchain technology has completely revolutionized the gaming industry; with one company leading the charge in this domain is Proof of Play. “Proof of Play” aims to redefine the gaming experience by harnessing the full potential of blockchain. Recently, they secured an impressive $33 million in seed funding, highlighting the immense promise and investor confidence in their vision. The funding round was jointly led by Chris Dixon from Andreessen Horowitz (a16z) and Neil Mehta at Greenoaks. There was participation from other famous figures from the tech industry as well, with the likes of Twitch and Web3 firms Anchorage Digital’s founders, Mercury, Firebase, Zynga, and Alchemy.

The concept of a “Forever Game” is the main crux of Proof of Play’s vision. These games operate independently without external intervention, relying entirely on blockchain technology. Pirate Nation is developed on this concept which is one of their star creations. Players embark on a journey to build ships, recruit crew members, and battle enemies, all within an on-chain pirate RPG. Additionally, the brilliant infrastructure of the game ensures players immerse themselves in the game. This allows players to engage without the technical barriers that often accompany blockchain-based games.

Empowering Players and Enabling Autonomy

Proof of Play is a well-known name in the gaming ecosystem for its dedication to giving players more power. As the creator and lead developer of Farmville, a Facebook game that more than 300 million people play, Amitt Mahajan has a lot of experience. He is the CEO and co-founder of the company. He has seen for himself how much time and effort the players put into their favourite game. But when Farmville shut down in 2020, it was a huge setback for him.It took a huge amount of playtime, creativity, and money, which led Mahajan to look for a way to make games last forever.

Proof of Play envisions a “Forever Game” concept where games operate independently, free from creator intervention on external servers. This highlights the importance of permanence and decentralization, allowing players to have full control in creating and modifying in-game content. Furthermore, Pirate Nation embraces this vision by providing a blockchain-based pirate RPG where players can construct ships, hire crew members, and participate in battles for leaderboard glory.

Addressing Blockchain Challenges for Seamless Gameplay

Proof of Play recognizes the challenges players face when engaging with Web3 games, particularly the complexity associated with blockchain concepts. To overcome this, they’ve made a range of technological and product innovations. These innovations promise a seamless and enjoyable gaming experience, attracting players without demanding a deep understanding of intricate blockchain mechanics. This is a good leap from the traditional barriers faced in decentralized gaming.

One of the main issue in the blockchain gaming is the rising gas fees. Proof of Play, in order to tackle it, made a change in their strategy for Pirate Nation. Shifting from Polygon’s Ethereum sidechain to Arbitrum Nova in March proved to be a crucial decision. The move was necessitated by daily gas fees ranging between $3,000 and $4,000, which the developers absorbed to maintain in-game activity. Proof of Play has significantly enhanced cost efficiency by changing to Arbitrum Nova, resulting in a sustainable gaming environment for players.

Emmett Shear, co-founder and former CEO of Twitch, has joined Proof of Play’s board, further bolstering the company’s position in the gaming and blockchain arena. Shear brings a wealth of experience, having led Twitch for 16 years and navigated the company through Amazon’s acquisition in 2014. His expertise in gaming content and creators, combined with his advisory role at Y Combinator, positions him as a valuable asset for Proof of Play.

A Bright Future for On-Chain Gaming

The substantial seed funding and visionary leadership of Proof of Play makes tem one of the big names in the world of Blockchain gaming. Their focus on innovation, as well as, addressing common hurdles faced by players in Web3 gaming indicates a promising future for both the company and the gaming industry as a whole.

“Proof of Play is committed to building fully on-chain games, and the technical tools to power them, in order to facilitate autonomous worlds, ensure game longevity, and create a more immersive player experience. We’re creating multi-generational products — games that will outlast us and are owned by the communities that play them,” said Mahajan.

FAQ: Proof of Play’s $33 Million Seed Funding and Blockchain Gaming Revolution

Q1: What is Proof of Play, and why is it in the spotlight?

A1: Proof of Play is a pioneering company in the blockchain gaming industry that aims to revolutionize the web3 gaming experience. It recently gained significant attention by securing $33 million in seed funding. The company is led by Amitt Mahajan, the CEO and co-founder, renowned for his work as the creator of the immensely popular Facebook game Farmville, which was played by over 300 million people.

Q2: Who led the $33 million seed funding round for Proof of Play?

A2: The seed funding round for Proof of Play was jointly led by Chris Dixon from Andreessen Horowitz (a16z) and Neil Mehta from Greenoaks, two prominent figures in the tech investment landscape. It also saw participation from notable entities in the tech industry, including Twitch, Anchorage Digital’s founders, Mercury, Firebase, Zynga, and Alchemy.

Q3: What is the concept of a “Forever Game”?

A3: The “Forever Game” concept is at the heart of Proof of Play’s vision. It envisions games that operate independently on the blockchain, free from external intervention. These games prioritize permanence and decentralization, allowing players to have full control over in-game content creation and modification. Pirate Nation is one of Proof of Play’s flagship creations, demonstrating this concept, offering players an on-chain pirate RPG experience where they can build ships, hire crew members, and engage in battles for leaderboard glory.

Q4: How does Proof of Play address the challenges associated with blockchain gaming?

A4: Proof of Play recognizes the complexity often associated with blockchain gaming, particularly for Web3 games. To overcome these challenges, they have introduced technological and product innovations aimed at creating a seamless and enjoyable gaming experience. These innovations are designed to attract players without requiring a deep understanding of intricate blockchain mechanics, effectively removing traditional barriers to decentralized gaming.

Q5: What was the issue of rising gas fees, and how did Proof of Play address it?

A5: Rising gas fees have been a significant concern in blockchain gaming, as they can make gameplay expensive and less sustainable. In response, Proof of Play made a strategic decision to shift Pirate Nation from Polygon’s Ethereum sidechain to Arbitrum Nova in March. This change significantly improved cost efficiency, ensuring a more sustainable gaming environment for players by reducing daily gas fees, which were previously as high as $3,000 to $4,000.

Q6: Who is Emmett Shear, and how does his involvement impact Proof of Play?

A6: Emmett Shear, co-founder and former CEO of Twitch, has joined Proof of Play’s board. His extensive experience in the gaming industry, including leading Twitch for 16 years and overseeing its acquisition by Amazon, makes him a valuable asset for Proof of Play. His expertise in gaming content, creator relationships, and strategic guidance further strengthens the company’s position in the gaming and blockchain industries.

Q7: What is Proof of Play’s long-term vision for blockchain gaming?

A7: Proof of Play is committed to building fully on-chain games and the necessary technical tools to power them. Their vision is to facilitate autonomous worlds, ensure game longevity, and create a more immersive player experience. They aspire to develop multi-generational products—games that will outlast their creators and are collectively owned by the gaming communities that play them.

Proof of Play Secures $33 Million Seed Funding to Pioneer Forever Game and Revolutionize Web3 Gaming

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Proof of Play, Amitt Mahajan, Chris Dixon, Neil Mehta, Andreessen Horowitz (a16z), Greenoaks, Twitch, Web3, blockchain gaming, Forever Games, Forever Games, Pirate Nation, decentralized gaming, Web3 games, gaming industry, Emmett Shear, Farmville, Zynga, Arbitrum Nova, Polygon’s Ethereum Sidechain, multi-generational games

Proof of Play Secures $33 Million Seed Funding to Pioneer Forever Game and Revolutionize Web3 Gaming

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Proof of Play Secures $33 Million Seed Funding to Pioneer Forever Game and Revolutionize Web3 Gaming

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Proof of Play Secures $33 Million Seed Funding to Pioneer Forever Game and Revolutionize Web3 Gaming

Proof of Play Secures $33 Million Seed Funding to Pioneer Forever Game and Revolutionize Web3 Gaming

Empowering Players and Enabling Autonomy

Addressing Blockchain Challenges for Seamless Gameplay

A Bright Future for On-Chain Gaming

FAQ: Proof of Play’s $33 Million Seed Funding and Blockchain Gaming Revolution

Q1: What is Proof of Play, and why is it in the spotlight?

Q2: Who led the $33 million seed funding round for Proof of Play?

Q3: What is the concept of a “Forever Game”?

Q4: How does Proof of Play address the challenges associated with blockchain gaming?

Q5: What was the issue of rising gas fees, and how did Proof of Play address it?

Q6: Who is Emmett Shear, and how does his involvement impact Proof of Play?

Q7: What is Proof of Play’s long-term vision for blockchain gaming?

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Proof of Play Secures $33 Million Seed Funding to Pioneer Forever Game and Revolutionize Web3 Gaming

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