Gaming Web3 Infrastructure Startup NPC Labs Secures $21 Million Funding
Overview
NPC Labs, a web3 gaming infrastructure startup founded by former Base team members, has announced that it has raised $21 million in funding. The amount includes $18 million from a seed round led by Pantera Capital, according to a statement shared with CryptoSlate.
Investors
In addition to Pantera Capital, the round was joined by Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund.
Onboarding 3 Billion Gamers
According to NPC Labs, web2 developers are recognizing the potential of on-chain gaming but often underestimate the complexities of creating a protocol with sufficient liquidity and user base, while managing infrastructure for smooth gameplay.
Solving the Challenge
The firm is attempting to address this challenge by speeding up the onboarding and development processes of on-chain gaming. NPC Labs is currently working as a core contributor to B3.fun, a groundbreaking horizontally scaled gaming ecosystem on Coinbase’s L2 network, Base.
B3.Fun Ecosystem
B3 was designed with built-in chain abstraction, removing the need for users to bridge or switch networks. The ecosystem is currently in the testnet phase and supports games built on Ethereum, Base, and other EVM chains. With its proprietary, highly scalable technology stack, B3 could seamlessly onboard games from other chains like Solana.
Restoring Control to Game Developers
NPC Labs Co-founder and CEO Daryl Xu believes that developers struggle to bring their games to market in today’s competitive gaming world. According to Xu, developers are at the mercy of publishers for support, marketing, and distribution.
B3 Ecosystem Solution
The B3 ecosystem aims to restore control to game developers and gamers by making it easy for them to benefit from being on-chain. Co-founder and COO Viktoriya Hying explains:
“Imagine if every published game had its own console and infrastructure. It’s impractical. Every gamer just wants one place where you can play many games. B3 is that console, and the B3 ecosystem solves these issues by running the chain and providing the infrastructure needed so that developers can focus on providing the best experience for their players.”
Empowering Game Developers
Franklin Bi, General Partner at Pantera Capital, commented that B3’s infrastructure and tooling will add a new dimension to Base, empowering developers to build great games and on-chain consumer experiences.
Mentioned in this Article
Alpha Market Report
Conclusion
NPC Labs has taken a significant step towards revolutionizing the web3 gaming landscape with its $21 million funding. The firm’s focus on creating an easy-to-use, scalable, and comprehensive on-chain gaming ecosystem has the potential to empower game developers and give them the control they need to build innovative experiences for gamers.
FAQs
What is NPC Labs?
NPC Labs is a web3 gaming infrastructure startup founded by former Base team members.
How much funding did NPC Labs raise?
NPC Labs raised $21 million, with $18 million coming from a seed round led by Pantera Capital.
Who invested in NPC Labs?
In addition to Pantera Capital, Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund also invested in NPC Labs.
What is the goal of NPC Labs?
NPC Labs aims to simplify the process of creating on-chain games, enabling developers to focus on building high-quality experiences for gamers.
What is B3.fun?
B3.fun is a groundbreaking horizontally scaled gaming ecosystem on Coinbase’s L2 network, Base. It is designed to support games built on Ethereum, Base, and other EVM chains, with the potential to seamlessly onboard games from other chains like Solana.
How will B3.eun benefit game developers and gamers?
B3 will empower game developers to build innovative on-chain experiences for gamers, giving them the control and freedom they need to create high-quality content.
