AO Labs raises $4.5M for its Spacebar community-driven Web3 gaming platform – Look It
Summary
Its backers are a whos who of Web3 gaming.AO Labs is a virtual studio started by gaming and tech veterans Joony Koo and Christy Choi. They include Gabby Dizon, CEO of YGG; Balaji Srinivasan and Sandeep Nailwal of Polygon; Jeff Jiho Zirlin of Axie Infinity maker Sky Mavis; and Kyu Lee of Com2uS.The studios mission is to build a playground for Web 3 communities. The company isnt saying yet what kind of blockchain technology it will use.The seed round investors are all angels and are leaders in Web3 from some of the largest protocols, networks, and funds in the world other than YGG.Spacebar truly believes that a game that is both fun and built together with the community, can bring the mass adoption of Web 3 and crypto. The team includes alumni from Binance, Kakao, Coupang, Com2uS, Disney, and venture-backed startups.I met Koo years ago as a judge for the International Mobile Gaming Awards (IMGA). We went to all the founders in the Web3 space, people that we trust, and asked them for money.While they succeeded in raising a round, they arent yet ready to talk about what kind of game they are making.