Curio Research, a provider of an on-chain gaming lab building crypto Web3 games, has scored $2.9m in seed funding.
The round was led by Bain Capital Crypto, with participation from investors such as TCG Crypto, Formless Capital, Smrti Lab, Robot Ventures, and a number of angel investors.
According to FinSME, the California-based firm is building Web3 games that create benefits for gamers beyond simple financial incentives.
Its on-chain games are powered entirely by smart contracts, which create a multiplayer computation that enables all participants to contribute to a shared universe of code and data. This allows for maximum transparency and leads to games built entirely by players’ creativity and content.
The firm’s first game – Treaty – launched last month and allows players to write and deploy smart contracts to draft rules around how they interact with other players in the game.
Curio intends to use the funds to build new games that will unite web3 capabilities, design and create seamless experiences, onboard players, and expand its development and design team in San Francisco and remotely.
Chaos Labs, an automated economic security system for crypto protocols, has recently raised $20m in a seed funding round.
The company is the first automated risk management platform for crypto, operating best-in-class security practices including robust agent- and scenario-based simulations.
Working with Chaos Labs, the firm claims teams can optimise user capital efficiency and more quickly adapt to ever-changing crypto markets – helping them stay competitive without compromising on the security of their protocol.
Copyright © 2023 FinTech Global