Virtual Reality

Thirdverse raises $15 million for Web3 and VR games studio

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Thirdverse announced that it had raised $15 million in capital through a third-party funding round so it could create Web3 and virtual reality games.

Tokyo-based Thirdverse will use the money to bolster its global recruitment of game creators and other professionals. And it will develop new Web3 and VR titles.

MZ Web3 Fund is the lead investor. This latest round brings the total amount of funds raised for Thirdverse to $33 million.

“We are excited to partner with MZ Web3 Fund for the future growth of our team and our investments in Web3 and virtual reality,” Thirdverse CEO Hironao Kunimitsu said in a statement. “After significant growth over the past year, and with many projects in development and about to begin development, we are proud to enter a new stage of more accelerated growth for Thirdverse.”

He added: “While it can be a difficult climate for fundraising, we have been quite successful and we very much appreciate the support of our new investors who have joined this cycle in these times. I think it speaks to the enthusiasm of our team and partners for how we’re going to push the boundaries of what we can create on these platforms. I am convinced that we are creating games that will be enjoyed by many audiences and that is essential for the future of this industry.

Hironao Kunimitsu is CEO of Thirdverse.

Kunimitsu will be a speaker at our online event, GamesBeat Summit: Into the Metaverse 3from February 1 to February 2, 2023.

“The Thirdverse team has an outstanding pedigree of experienced professionals in VR and blockchain gaming that I have never seen before, and the company is at an exciting stage of its rapid global expansion,” said Yusαku Maezawa, CEO of MZ Web3 Fund, in a statement. . “We believe the VR and Web3 gaming industries have a bright future and that Thirdverse is uniquely positioned to benefit from market growth trends and the remarkable experience of its team.”

Thirdverse Chief Commercial Officer Masaru “Nogi” Ohnogi said in a statement, “We are dedicated to innovating and expanding the boundaries of VR and Web3 games. Our latest projects Altair Breaker, X8 and Captain Tsubasa: Rivals all showcase our team’s exceptional talent, creativity, and desire to create new gaming experiences for audiences around the world.

Thirdverse’s total list of investors includes 8DAO, B Dash Ventures, Double, Fenbushi Capital, Flick Shot, Holdem Capital, Kusabi, MZ Web3 Fund, OKCoinJapan, Yield Guild Games, and OKX Ventures.

Third party blockchain company

Captain Tsubasa: Rivals is a blockchain game from Thirdverse.

After Sword PTE. LTD. was established in Singapore as a subsidiary with jurisdiction over
blockchain-related venture in January 2022, the company announced a basic agreement regarding the development and operation of Web3 games in collaboration with Drecom Co. in March and later with Blocksmith & Co., a strategic subsidiary of KLab Co ., ltd. in April .

In September, Isao Moriyasu, former CEO and Representative Director of DeNA Co., Ltd. has been
appointed director of the blockchain business department.

In October, the companies announced a new Web3 game, Captain Tsubasa: Rivals, which is being created in conjunction with Blocksmith & Co. Professional soccer player Yuto Nagatomo has been named the game’s official ambassador.

The company plans to release more than 10 Web3 games through 2023 and is currently recruiting more game developers to expand the development line.

Thirdverse’s VR games

Masaru “Nogi” Ohnogi is CBO of Thirdverse.

In August, Thirdverse released the swordfighting VR title Altair Breaker for Meta Quest 2 and PCVR. In September, a new multiplayer VR tactical hero shooter title called X8 was unveiled at the Tokyo Game Show. It is developed by the American studio of Thirdverse.

Finally, in November, the two titles were announced to be part of Sony’s PlayStationVR2 lineup, which will debut in February 2023. In the near future, the company plans to increase the recruitment of VR game creators for the development of new titles, slated for release in 2023 and beyond. In total, the company has 120 employees.

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