NFT REVIEW NEWS 16z and Greenoaks Back ‘Pirate Nation’ Studio with $33M Funding

Proof of Play — the developers behind the blockchain-driven Pirate Nation game racked in a whopping $33 million from a seed funding round led by tech investment giants a16z and Greenoaks Capital.

With notable names like the former CEO of AngelList, Naval Ravikant; ex-Coinbase CTO, Balaji Srinivasan; Twist Founder, Justin Kan; CEO of Alchemy, Nikil Viswanathan; and more also chipping into the financial pot, Proof of Play now has the capital to grow and enhance its games fully on-chain.

Introducing Proof of Play, an onchain game studio & technology company.

We are delighted to announce our $33m seed round led by @a16z and Greenoaks, with participation from incredible angels & founders incl. @naval @balajis @justinkan @jtwald @immad @nikil @gabusch & many more. pic.twitter.com/c2BPShTdik

— Proof of Play (@ProofOfPlay) September 21, 2023

Proof of Play’s Gift to Gamers and Developers

Since Proof of Play initially debuted Pirate Nation during last year’s end, the game has geared up weekly enhancements featuring island construction, card-driven battle-offs, and community-driven challenges. The game operates purely on a blockchain foundation, with Pirate NFTs being the golden ticket to gameplay. Currently, the floor price for such assets are $137.13 (0.086 ETH), as per CoinGecko.

Yet, intriguingly, the firm’s strategy is to swiftly bring in more mainstream gamers, granting them the opportunity to engage in the game without needing a blockchain-based asset. NFT owners, however, will be issued a plethora of unique advantages over non-NFT players. Little information regarding these perks is yet to be revealed.

To further bolster its vision for revolutionizing the gaming landscape, Proof of Play aims to make its technology for developing games on-chain publicly available — to empower other developers to use parallel tools.

Additionally, Emmett Shear, the former CEO of the gaming streaming platform Twitch, just joined the Proof of Play team post the Pirate Nation studio funding.

As Proof of Play begins democratizing its on-chain gaming tech with its recent cash injection and new team member, its horizon looks promising for a broader ecosystem of gamers and developers eager to delve into this shifting framework.

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