HomeRegulationLongHash Ventures Leads $1.5 Million Pre-seed Financing Round for Web3 Video Game...

LongHash Ventures Leads $1.5 Million Pre-seed Financing Round for Web3 Video Game Information and also Growth System Bit Network


Singapore, Singapore, fourth Might, 2022, Chainwire

LongHash Ventures, among Asia’s leading Internet 3-focused endeavor funds and also accelerator, has actually introduced that it led a $1.5 million pre-seed financing round for Particle Network, a Web3 mobile video game growth system that intends to speed up video game programmers’ change to Web3 by giving programmers with the toolkit to construct, host, and also range video gaming dApps easily.

“We’re excited to back Pengyu Wang and the team at Particle Network,” claimed Emma Cui, Starting Companion of LongHash Ventures “This investment underlines our bullish thesis on Web3 gaming and, more specifically, Web3 mobile gaming. Particle Network removes one of the biggest obstacles to the development of the Web3 gaming ecosystem: the lack of Web3 mobile tech stack and social graphs that developers need to efficiently build and launch immersive gaming dApps. By providing a fully managed backend infrastructure, Particle Network enables developers to accelerate their Web3 game development.”

The financing round likewise consists of engagement from Insignia Ventures Allies, CyberConnect, BitCoke Ventures, 7 O’Clock Resources, FSC Ventures and also Monad Labs. Bit Network will certainly use the funds to expand its group, support its worldwide programmer area, and also brighten the launch pad to offer programmers the fastest course from concept to mass scaling Web3 video games.

We’re grateful to be backed by an incredible group of investors in this round of financing led by LongHash Ventures,” Bit Network Founder and also chief executive officer Pengyu Wang claimed. “When we first ventured into the Web3 world as devs, we realized we had to build the very basics of a mobile app from the ground-up. That, however, creates unnecessarily high barriers to Web3 mobile app building, and each dev reinventing the wheel to create an app does not contribute to Web3 in the long term. Now with Particle Network, developers can focus on creating amazing gaming experiences without worrying about building everything from scratch.

Bit Network supplies multi-chain assistance, making it possible for programmers to improve Solana, BNB Chain, Polygon, Unalterable X, Avalanche, Circulation, Evmos, and also Wax. Designers have actually currently developed countless Web3 video games making use of the Bit Network system, consisting of Combine Go, Developer 777, Idle Weed Inc and also Panda ^ 2

Concerning Bit Network

Bit Network is a Web3 mobile application information and also growth system, permitting programmers all over the world to construct scalable, multi-chain, and also trusted Web3 mobile applications without comprehensive understanding of blockchain modern technology. It likewise assists programmers structuralize and also tidy on-chain information, after that link the refined information with first-party customer information, making it possible for programmers to construct customer DIDs and also perform targeted item versions and also procedures.

To find out more, browse through: Website |Twitter 

Concerning LongHash Ventures

LongHash Ventures is a Web3 mutual fund and also accelerator, teaming up carefully with owners to construct their Web3 design and also use the large possibility of Asia. We released our fund in January 2021 and also bought tasks consisting of Balancer, Acala, Instadapp, and also Zapper.

With the LongHashX Accelerator, we have actually partnered with Polkadot, Algorand, and also Filecoin to construct greater than 50 worldwide Web3 tasks which have actually increased greater than $100m in the previous 4 years. With such financial investments and also energetic partnership, we are dedicated to understanding our objective of militarizing development for the future generation of the Internet.

To find out more, browse through: Website| Twitter| LinkedIn

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