CCP Games locks down $40 million via Andreessen Horowitz and others

Owned by South Korean gaming firm Pearl Abyss, Iceland’s CCP Games has secured $40 million in order to drive the development of a new title.
CCP Games locks down $40 million via Andreessen Horowitz and others

Best known for their EVE Online MMORPG, Reykjavík-based CCP Games has secured $40 million in financing via Andreessen Horowitz, Makers Fund, BITKRAFT, Kingsway Capital, Nexon, Hashed, and additional undisclosed participants. The capital will be used to enable the full-scale development of a new AAA title utilizing blockchain technology, set within the EVE Universe.

In addition to key game systems developed on-chain, according to CCP this new project will also utilise smart-contract blockchain technology, focusing on persistence, composability, and open third-party development to create relationships between virtual worlds and players. 

"Since its inception, CCP Games’ vision has been to create virtual worlds more meaningful than real life. Now, with advancements made within blockchain, we can forge a new universe deeply imbued with our expertise in player agency and autonomy, empowering players to engage in new ways,” explained CCP Games CEO Hilmar Veigar Pétursson. “This financing has marked an exciting frontier in our studio history as we begin our third decade of virtual world operations. We are humbled by the confidence from our partners in the development of this new title.”

While details remain scant, CCP Games promises to update accordingly as EVE Online celebrates its 20th anniversary year.

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