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Rahul Sood Raises $5mio

Rahul Sood Raises $5mio

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Andreessen Horowitz Leads $5M for Rahul Sood Irreverent Labs.

A new Seattle-based startup led by Microsoft veteran Rahul Sood caught the attention of investors in Silicon Valley. Rahul Sood is a seasoned entrepreneur and now following the recent trend, launches a new gaming venture where he plans to introduce machine learning, NFT’s, blockchain, and metaverse into gaming.

Microsoft veteran Rahul Sood Raises $5mio For NFT, Metaverse and Blockchain
Microsoft veteran Rahul Sood Raises $5mio For NFT, Metaverse and Blockchain

His newest venture, Irreverent Labs caught the attention of investors in Silicon Valley. Andreessen Horowitz led a $5 million round of funding for Irreverent Labs. Horowitz firm is active in supporting blockchain and crypto-based startups and has invested at least 50 of them.

The emerging sector has gained quite traction nowadays and Horowitz has put a lot on stakes. Some other investors include Chainsmokers Mantis VC, Keen Crypto, Advancit Capital, and more.

Rahul Sood said that it only took eight days to raise the funding for the company. This shows that his track record is spectacular in the industry and investors have a lot of faith in his ideas.

Rahul Sood has quite an illustrious career in the industry, previously he co-founded Unikrn which got acquired earlier this year. Sood also leads Microsoft Ventures in the past.

However, his newest venture has got him excited the most. He shared his sentiments, “This is like the highlight of my career, it’s everything I love all wrapped up into a little project which I think is going to be a real success.”

Irreverent Labs will announce their game next month but Sood offered some insights into his project. Talking to GeekWire, Sood said that the game takes place in a metaverse that will blend the physical and virtual world.

He also added that the players will “own” the characters in the metaverse with the right to buy and sell. This is where Sood will introduce NFT’s. The characters in the metaverse will be powered by AI and will get smarter with time.

Microsoft veteran Rahul Sood Raises $5mio For NFT, Metaverse and Blockchain
Microsoft veteran Rahul Sood Raises $5mio For NFT, Metaverse and Blockchain

Arianna Simpson, general partner at Andreessen Horowtiz said, “Irreverent Labs’ first game is so delightfully eccentric and simple to play, it’s easy to overlook the technical achievement of shaping truly original NFT characters with advanced machine learning.”

Andreessen Horowitz has announced a $2.2 Billion fund for crypto-based startups this year.

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Rahul Sood Raises $5mio

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Goals – Game Review

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Meta Apes – Game Review

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Time Shuffle Game – Turn-Based RPG on Avalanche Blockchain

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CryptoFights – Game Review

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Best P2E Games list 2024

Rahul Sood Raises $5mio

P2E News, short for “Play-to-Earn News,” is a category of updates and information within the broader spectrum of Crypto News, Web3 News, NFT News, and Blockchain News. These terms are all interconnected and represent various facets of the rapidly evolving digital landscape.

Play-to-Earn (P2E) is a gaming model that has gained immense popularity within the crypto and blockchain communities. In P2E games, players can earn cryptocurrencies or NFTs by participating in the game, often through activities like completing quests, collecting items, or trading assets. P2E News covers developments, announcements, and trends related to these innovative gaming experiences that allow players to monetize their in-game efforts.

Crypto News, on the other hand, focuses on the broader world of cryptocurrencies, including Bitcoin, Ethereum, and a multitude of altcoins. This category encompasses news about market trends, regulatory changes, new blockchain technologies, and updates related to various tokens. Crypto News is a fundamental aspect of the blockchain ecosystem, as cryptocurrencies serve as the primary means of value transfer and exchange within the Web3 space.

Web3 News is an umbrella term that refers to the next-generation internet, often characterized by decentralized applications, blockchain technology, and smart contracts. The Web3 ecosystem seeks to provide a more user-centric and decentralized internet experience. This category of news covers developments in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on blockchain technology. For the ultimate and best play to earn games list, check our friends of playtoearngames.com.

NFT News focuses on Non-Fungible Tokens, unique digital assets that are indivisible and represent ownership of a specific item, artwork, or collectible. NFTs have gained prominence in the art world, gaming industry, and entertainment sector. NFT News keeps enthusiasts informed about NFT sales, new projects, and partnerships within the NFT space.

Blockchain News pertains to the foundational technology behind cryptocurrencies and Web3 applications. Blockchains are decentralized ledgers that record transactions across a network of computers, ensuring transparency and security. Updates in this category might include innovations in blockchain consensus mechanisms, interoperability between different blockchain networks, and industry applications beyond cryptocurrencies.

In summary, P2E News is a niche subset of Crypto News, Web3 News, NFT News, and Blockchain News. It focuses on gaming experiences where players can earn cryptocurrencies or NFTs, while the other categories encompass a broader range of topics within the decentralized digital landscape, including cryptocurrencies, web3 technologies, NFTs, and blockchain advancements. Collectively, these categories shape the landscape of the digital economy, offering insights into how technology is revolutionizing various aspects of our lives.