Lava Labs has announced raising $10 million in the latest series A funding round. Its valuation has now topped a whopping $100 million. The London-based blockchain gaming startup plans to infuse the capital into developing its new multiplayer Web3 game – AFAR.
Lava Labs’ official release revealed that the funding was led by Swiss venture capital firm, Dialectic. It also saw the participation from Animoca Brands, Dragonfly, Defiance, Merit Circle, Dapper Labs, among others, in addition to angels – Nick Chong, Santiago R Santos, Gabby Dizon.
The investors will enable the studio to accelerate team growth and develop the game according to the company.
Following the announcement, Kaya Tilev, CEO and Creative Director Lava Labs, commented,
“We are incredibly motivated to set the tone on blockchain gaming with laser-focus on gameplay fun. The early community support has been overwhelmingly exciting.
The funds will go towards “AFAR” – a multiplayer game that involves 25 playe
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