Playable Worlds recently announced a $10 million Series A funding round led by Galaxy Interactive, through the Galaxy EOS VC Fund in partnership with Block.one.
Playable Worlds is led by CEO Raph Koster, known for designing popular MMO games such as Ultima Online and directing the Star Wars Galaxies game.
With Playable Worlds, his exceptional team aims to build a cloud-based sandbox massively multiplayer online (MMO) game that offers new kinds of gameplay and game experiences in worlds that feel more real and immersive than with previous technologies.
The investment will allow the team to hire more staff and “push the boundaries of what an online world can be, reinforced by best practices for persistence, engagement, and retention to build a game that lasts.”
Galaxy Interactive Managing Partner, Sam Englebardt was quoted:
“Raph’s vision and demonstrated ability to give players a compelling sandbox for the expression of their digital identities makes him exactly the sort of founder that we look to back.”
Blockchains will be an important element for the fundamental infrastructure for the virtual worlds that ultimately will become the metaverse.