Horizon Blockchain Games, maker of Skyweaver and Sequence wallet, have completed a Series A funding round with a hefty $40 million raised, with some heavy hitters as investors. Here’s what we know.
Ok, we talk about Skyweaver and Horizon Blockchain Games a lot on Token Gamer — I know — but they keep giving us cause to! If you want some background reading, watching, and listening, this should get you up to speed:
TG Reviews Skyweaver: The Best Blockchain Game So Far
Brilliant Web3 TCG, Skyweaver, Launches 1st Major Expansion
Mint One Podcast 38: Michael Sanders, Co-Founder of Horizon Blockchain Games
So, Horizon Blockchain Games is most well known within our community because of their Web3 TCG, Skyweaver. However, the organization has some larger ambitions for Web3 which include their Sequence wallet and Sequence developer platform.
The funding round that raised $40 million was led by Brevan Howard Digital and Morgan Creek Digital, enticing big names in both gaming and tech venture capital. The full list of investors is long, but the notable names for those interested in blockchain gaming are; Polygon, Ubisoft, Take-Two Interactive, Xsolla, BITKRAFT Ventures, Everyrealm, Sebastien Borget (co-founder of The Sandbox), and Aleks Larsen (co-founder of Axie Infinity).
The money raised is earmarked for the development of their wallet and developer platform, but also for Skyweaver which is positive news for gamers. In fact, in the section that announces funding allocation for Skyweaver, Token Gamer’s original review is referenced!
Horizon will also use the capital to expand and enhance the world of Skyweaver, which was released as an open beta on February 8, 2022 and heralded as “the best blockchain game.”
— Horizon Blockchain Games Closes $40 Million in Series A Funding in Round Led by Brevan Howard Digital and Morgan Creek Digital
Additionally, Niftyswap, a new product that was mentioned on the Mint One podcast by Michael Sanders, will see some added attention. Niftyswap.io is “a decentralized marketplace for web3 collectibles, and provide front-end access to this marketplace, which allows users to instantly buy and sell tradable items, while liquidity providers earn fees.” Horizon is also pioneering SFTs (Semi-Fungible Tokens) on this platform which is said to be more suitable for applications such as gaming.
The concept of SFTs was relatively new to me when they were mentioned on the podcast, so I asked Michael to explain them, which you can listen to below.
Horizon Blockchain Games has been a curious organization to follow. They demonstrated their prowess for development with Skyweaver, but their magnum opus will likely be Sequence. It has felt as if they are a sleeping giant; a name not on everyone’s lips, but on the lips of many who matter, by which I mean the likes of Polygon who have a relationship with Horizon dating back several years.
Horizon has maneuvered into a position within Web3 where they are utterly undeniable. They remain tilted more towards potential than realized success so far, but in a fledgling industry like this, who isn’t? Yes, I am a fan of Skyweaver, yes I get on well with Michael Sanders, and yes Token Gamer has a relationship of sorts with Horizon (albeit not a paid one), so help yourself to a pinch of salt. But, you can simply reference Horizon’s objective achievements, from Skyweaver to Sequence, to see the trajectory that company is on.