LifeForce Games Raises $5 Million in a Seed Round for Blockchain Gaming Platform
LifeForce Games, the blockchain gaming production firm led by the founders of the world’s largest metaverse developer, announced today that its $5 million seed investment was completed. The seed round was led by Lemniscap, with participation from CMT Digital, Sfermion, Hartmann Capital, Sterling VC, and known investors Ready Player DAO and Neon DAO.
LifeForce Games will use the $5 million raised seed round to create and market its first title in the play-and-earn blockchain gaming sector. It will be the first in a series of games connected by a gaming-focused metaverse that will allow users to grasp the potential of blockchain-based gaming fully.
“Play-and-earn blockchain games can be pleasant. Producing aesthetically beautiful content on metaverses does not have to be tough,” stated Catherine Carroll, also known as Satsuma, Co-CEO of LifeForce Games. “LifeForce Games aspires to make metaverse and blockchain gaming experiences more accessible to everybody,” said Ryan Inman, nicknamed Boomer, Co-CEO of LifeForce. “We are thrilled and heartened to have received backing from prominent players in the blockchain VC and metaverse DAO areas who believe in our vision.”
Despite the recent rapid ascent of blockchain gaming and metaverse platforms, the sector faces several significant difficulties. Many of the industry’s play-and-earn blockchain games are utility-based and lack the genuine gaming experience gamers crave. Non-crypto natives exploring the realm of blockchain gaming face a massive barrier to entry in play-and-earn games, which require bitcoin from the start. Furthermore, the lack of interoperability of NFTs across games and platforms and a lack of distribution channels have made it difficult for blockchain games to achieve the scale seen in traditional gaming.
Building community is more than just belonging to something, it’s about doing something together that makes the belonging matter.#playunited
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Meanwhile, metaverse platforms confront issues such as complex and demanding content production processes, a lack of content right after launch, virtual land that isn’t adequately suited for monetization, and visually unappealing elements.
LifeForce Games aims to address these issues by creating an onboarding fun-to-play gaming experience that doesn’t require gamers to possess or use cryptocurrency but instead encourages it. The company is also developing new revenue components for blockchain gaming that use virtual land and enable NFT interoperability across different games and platforms.
For accelerating the creation of an interoperable and open metaverse, LifeForce Games will offer a metaverse-as-a-service network on which gaming firms and people may swiftly build engaging and visually beautiful content.
“It is evident that the GameFi business has huge development potential. Blockchain gaming will be vital to constructing and enriching the Web 3.0 experience,” stated Roderik van der Graaf, founder of Lemniscap. LifeForce Games’ unwavering commitment to this sector’s innovation puts them uniquely positioned to lead the metaverse gaming ecosystem’s growth. We are confident in their long-term success in the blockchain ecosystem.”
“We are certain that the LifeForce Games team will continue pushing limits that will form the shapes of Web 3.0 and blockchain gaming in the future,” van der Graaf stated.
With a team of gaming and blockchain veterans, including senior team members from EA, Daybreak, Amazon, Sony Playstation, and Sony Online Entertainment, LifeForce Games will now use its new funding to scale up and realize the full potential of fun, monetized, metaverse blockchain gaming experiences in the next digital frontier.
LifeForce Games Information
Ryan Inman (Boomer) and Catherine Carroll (Satsuma), two of the world’s largest metaverse developers, formed LifeForce Games, a blockchain gaming production studio. Senior team members from EA, Daybreak, Amazon, Sony Playstation, and Sony Online Entertainment make up the team, including gaming and blockchain veterans.
Lemniscap is a venture capital business that specializes in emerging crypto assets and blockchain startups. Since its inception in 2017, Lemniscap has invested in several crypto blockchain projects based on the premise that blockchain technology would disrupt established business practices, resulting in significant changes in the global economy. The Lemniscap team comprises accomplished individuals with expertise in financial markets, private equity, technology, and entrepreneurship.