Horizon Blockchain Games Raises $4.5M for NFT Trading Card Game

Horizon Blockchain Games Secures $4.5 Million in Funding

Horizon Blockchain Games is a company dedicated to the development of blockchain-based games. They also create tools designed to facilitate similar development efforts by others in the industry.

A recent announcement revealed that Horizon has successfully raised an additional $4.5 million. This brings the company’s total funding to just over $13 million.

Skyweaver: A Blockchain-Powered Trading Card Game

Horizon’s flagship game, Skyweaver, is a competitive digital trading card game. It leverages blockchain technology to provide players with genuine ownership of their in-game cards.

Cards acquired through gameplay and competition can be freely sold, traded, or securely stored outside of the game environment.

Previously, this publication covered Horizon’s progress. The details of that coverage are relevant to understanding their current trajectory.

Sequence: Simplifying Blockchain Integration

“Arcadeum,” formerly known as “Sequence,” is now positioned as an easily integrated wallet system. Its purpose is to abstract away the complexities associated with blockchain technology.

The goal is to enable users to purchase and manage their digital assets on the blockchain without requiring extensive technical knowledge from either the user or the application developer.

Horizon co-founder Michael Sanders explained that the rebranding reflects a broader scope. The term “Arcade” previously implied a focus solely on gaming, while the current aim is to support the management of all types of digital items, including NFT art and other virtual goods.

The Rise of Web3

The Horizon team frequently references its commitment to supporting “Web3.” This term is gaining increasing prominence within the tech landscape.

In essence, Web3 represents a new generation of online applications, services, and games built on blockchain technology (specifically Ethereum). It aims to empower individual users with greater control over their data.

A detailed explanation of the Web3 concept can be found on the Ethereum Foundation’s website.

Skyweaver’s Beta and Future Plans

Horizon initially planned a wider release for Skyweaver in 2020. Currently, the game remains in private beta.

However, plans are in place to open access to the public later this year. Sanders reported that over 66,000 players have already been granted access to the beta.

Investment Details

This funding round, classified as a “pre-Series A round SAFE,” included investments from CMT Digital, The Xchange Company, BITKRAFT Ventures, Khaled Verjee, and Zyshan Kaba.