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EA, Disney, and Epic Games Veterans Raise $4 Million To Build Category-Defining Games for the Web3 Era

Both stepping into the Web3 era with "category-defining games" riding on wave of $4 million in funding.
[This unedited press release is made available courtesy of Game Developer and its partnership with notable game PR-related resource Games Press]

7:00AM PST Embargo Lift


Brighton,  UNITED KINGDOM — April 27, 2022 — Playmint, a game studio dedicated to developing MMOCG (Massively Multiplayer On Chain Games), today announced a $4 million Seed Round led by BITKRAFT Ventures with participation from 1kx, Cherry Ventures, Ethereal Ventures, and Play Ventures’ Play Future Fund. The funding will be used to scale Playmint’s world-class team of artists, game designers, and engineers in order to continue releasing new chapters of its game, The Crypt, every month.


Playmint is on a mission to build category-defining games for the Web3 era. The team brings decades of experience from EA, Disney, and Epic Games and has shipped top games such as Dungeon Keeper 2, Lego Star Wars Battles, and Fall Guys.


Playmint's first title, The Crypt, is a Loot-based dungeon game that exists entirely on the Blockchain and enables anyone to build on top of it. As the world’s first player vs environment co-op on-chain game, players have the ability to build their own clients, bots, and even their own games, using the primitives that Playmint has developed. Playmint is taking key learnings from building chapters of The Crypt to build its second title, an on-chain trading game full of politics, subterfuge, and economic opportunity.


“We are committed to creating real, web3 games, not web2.5, by leveraging blockchain technology to build games the industry has never experienced before. We may not know how they’ll work, what they’ll look like, or how players will interact with them, but one thing we do know is making a fun game is a necessity,” commented Playmint CEO, David Amor.


“We believe that putting game logic on-chain will usher in a new era of innovation in game design, marked by rapid experimentation through interoperability and composability. There are few teams in the industry that combine the proven ability to create fun games with a deep sense of curiosity and a willingness to do new, hard things. The games coming out of this new era will be nothing like the games that exist today and we are confident that Playmint will continue to experiment with new technologies and push boundaries to create the most engaging, immersive and fun games web3 has to offer,” shared Nicolas Vereecke, Investor at BITKRAFT Ventures. 


About Playmint


Playmint is a new venture-backed game development studio, bringing together experienced game professionals on a mission to build category-defining games for the web3 era.

Based in Brighton, UK, and founded by a team with decades of experience across the industry, Playmint is committed to finding the fun on the cutting edge of blockchain tech and web3 primitives like interoperability and composability.

Playmint has venture funding, led by BITKRAFT Ventures with participation from 1kx, Cherry Ventures, Ethereal Ventures, and Play Ventures, providing access to world-class expertise across the funds and their portfolio companies.

With a deep sense of curiosity, a desire to do new, hard things, and a commitment to shipping early and often, the team has already released their first title, The Crypt, the world’s first on-chain co-op PvE game. Playmint is also working on its second title, an on-chain trading game featuring asymmetric gameplay that aims to set a new standard for metaverse experiences.


About BITKRAFT Ventures

BITKRAFT Ventures is a leading investment platform for gaming and Web3 globally, and has been the most active gaming venture capital firm and lead investor in 2020 and 2021, according to research from InvestGame and Drake Star Partners. Founded by industry pioneer Jens Hilgers, BITKRAFT serves a worldwide network that spans many of the industry’s forward-thinking startups and founders—including former executives from the likes of Activision Blizzard, Riot Games, Epic Games, Google, and Apple who are working to build and operate the virtual worlds and economies of the future. BITKRAFT operates six venture funds with a total of over $730M in assets under management and has over 90 companies in its global portfolio as of April 2022. 
 
BITKRAFT’s experienced international team works closely with exceptional entrepreneurs to create significant value through early candid partnerships, unique domain experience, entrepreneurial history, and a global ecosystem of strategic partners.

Find out more about how BITKRAFT and its portfolio companies are pushing the boundaries of Synthetic Reality® by visiting https://www.bitkraft.vc/vision.

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