Pantera Capital, a leading blockchain-focused investment firm, has made a significant investment in Metatheory, a cutting-edge Web3 innovation platform.
This investment marks a major milestone for both parties, as it will enable Metatheory to further develop its platform and bring more innovative solutions to the Web3 space.
The investment is a testament to Pantera's commitment to supporting the growth of the Web3 ecosystem.
By partnering with Metatheory, Pantera is backing a team of experts who are pushing the boundaries of what is possible in Web3 innovation.
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Pantera Invests in Metatheory
Pantera Capital participated in Metatheory's Series A funding round, investing alongside other notable investors like Andreessen Horowitz and FTX Ventures.
Metatheory raised $24m in Series A funding, a significant amount that will likely fuel the company's growth and development of Web3 games and virtual worlds.
The company is led by Twitch co-founder Kevin Lin, who brings a wealth of experience to the table.
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Metatheory's first game franchise, DuskBreakers, was released in December 2021 and features a sci-fi inspired metaverse and gaming experience powered by blockchain.
The game's free-to-play "Play-to-Mint" game led to a sellout of 10,000 NFTS in just six days, a testament to the game's popularity and potential.
Each of the genesis NFTs represents one of the first 10,000 recruited "Breakers" who explore a massive, dormant alien spaceship called "The Dusk".
The Breakers' choices will change the course of history across an exciting new alternate universe, unfolding across NFTs, comics, animations, and video games.
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Key Players Involved
Metatheory's team consists of industry veterans with a range of expertise.
Kevin Lin, the founder of Metatheory, is a co-founder of Twitch.
Darren Geers, the Art Director, previously worked as the Lead Illustrator at Twitch.
Adam Bao serves as the COO of Metatheory.
Nick Fotheringam is the VP of Game Development.
Nelson Wang is the VP of External Creative.
Bernie Su, a three-time Emmy winner, is the Chief Content Officer.
The team has over 40 employees.
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Sources
- https://cryptoslate.com/kevin-lins-web3-firm-metatheory-raises-24m-in-an-a16z-led-funding-round/
- https://www.finsmes.com/2022/05/metatheory-raises-24m-in-series-a-funding.html
- https://www.nftgators.com/kevin-lins-metatheory-raises-24m-in-a-series-a-round-led-by-andreessen-horowitz/
- https://tracxn.com/d/companies/metatheory/__TZXHx8_mwvCLOf9b3rHvHbg-YZUYmtZCr7mRqF1jYrg
- https://www.cryptotimes.io/2022/05/17/twitch-co-founders-metatheory-raises-24m-in-series-a-round/
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