Welcome to This Week in the Metaverse, where Fortune rounds up the week's most interesting stories about NFTs, culture, Web3-based gaming, and, well, the metaverse. Email [email protected] with tips.
For our inaugural edition, let's begin by taking a closer look at Horizon’s ambition for blockchain gaming.
It’s a rough time for the crypto markets as even famously bullish VCs are pulling back, with global funding for venture capital-backed crypto startups falling 50% from the second quarter to the third. But one bright spot is Horizon Blockchain Games, the Toronto-based Web3 products and infrastructure company that this week raised $40 million in a round led by Brevan Howard Digital and Morgan Creek Digital.
CEO Peter Kieltyka declined to reveal Horizon’s valuation following the funding, but he told me that the money will be used to grow his 60-member team, especially in the marketing and business development departments.
“To be taken seriously, you need the funds so...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...