Haun Ventures Leads Argus Labs' $10M Raise for Ethereum Gaming Networks
Summary
Crypto gaming startup Argus Labs has raised $10 million in seed funding in a round led by Haun Ventures, the firm announced today, with Robot Ventures, Anagram, Dispersion Capital, and Alchemy also participating in the round.The raise also included angel investors like Gitcoin co-founder Scott Moore, Sandbox VR co-founder Siqi Chen, and Osmosis co-founder Sunny Aggarwal in the mix, to name a few.Argus Labs flagship product is its World Engine, a software development kit (or SDK) that will enable game developers to create their own dedicated layer-2 blockchain networks using zero-knowledge proofs (ZKP) on Ethereum. The goal is to offer game developers customization while empowering players to develop their own communities and initiatives around Web3 games.They built their own guild system, Sunarto said of Dark Forests players, who also formed their own DAOs or decentralized communities around the title. He added that players took the initiative to create their own smart contract and pool their resources together in the game.When it comes to other blockchains protocols like Solana, Avalanche, and even Ethereum scaling network Polygon, Haun Ventures suggested that none are optimized for gaming. "Current blockchains are not designed to run games, lead investor Haun Ventures said in a statement. Scott and team, with our support, envision the World Engine as an open source, connected layer-2 of sharded blockchains that will serve as the backbone for the Internet of Games."
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