Investments have been pouring in the metaverse world and blockchain games are now gaining ground. As gaming enters this new era of mass connectivity and digital ownership of playable assets, Paris-based blockchain gaming studio Cometh has raised $10 million in funding. The new cash will allow users to own yield-generating NFTs, integrating both DeFi and NFT features into a single gaming experience.
The seed round was led by venture capital firm White Star Capital, gaming giant Ubisoft and DeFi group Stake Capital with participation from Serena Capital, Shima Capital and IDEO Colab Ventures.
Along with the funding round, the blockchain gaming studio has also rolled out its second title, Cometh Battle. Its first game, which was built on Polygon, amassed over 10,000 players, according to the company.
The French startup based on blockchain technology creates games that can seamlessly connect with DeFi protocols along with a suite of crypto-based tools.
Cometh’s founder Jerome de Tychey said “Gaming is entering a new era of mass connectivity and digital ownership of playable assets. Our team builds games that explore the new possibilities offered by blockchain technology along with the tools to enhance traditional games with it.”
The platform has also offered its technology to help brands showcase non-fungible tokens (NFTs). Artist Helena Hauss will be using Cometh to display her work at the Venice Biennale exhibition, for example.
“Today gaming touches many verticals including social media, e-commerce, entertainment and DeFi. Cometh is building a true end-to-end gaming platform powering the next generation of play-to-earn games,” Sep Alavi, general partner, White Star Capital concluded.
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