Thirdverse announced that it has raised $15 million in capital through a third-party funding round to be able to make Web3 and virtual reality games.

Tokyo-based Thirdverse will use the money to bolster its global recruitment of game creators and other professionals. And it will develop new Web3 and VR titles.

MZ Web3 Fund is the main investor. This latest round brings the total amount of funds raised for Thirdverse to $33 million.

“We are delighted to form a partnership with the MZ Web3 Fund for the future growth of our team and investments in Web3 and VR,” Hironao Kunimitsu, CEO of Thirdverse, said in a statement. “After significant growth in the last year, and with many projects in development and about to begin, we are proud to enter a new stage of faster growth for Thirdverse.”

He added: “While this can be a challenging climate to raise funds, we have been quite successful and are very grateful for the support of our newer investors who have joined this round during these times. I think it speaks to the enthusiasm of our team and our partners for how we will push the limits of what we can create on these platforms. I am confident that we are creating games that will appeal to many audiences and that it is critical to the future of this industry.”

Kunimitsu will be a speaker at our online event, GamesBeat Summit: Into the Metaverse 3, from February 1-2, 2023.

“The Thirdverse team has an exceptional pedigree of professionals with VR gaming and blockchain experience that I’ve never seen before, and the company is at an exciting point in its rapid global expansion,” said Yusαku Maezawa, CEO of MZ Web3. Fund, in a statement. . “We believe that both the VR and Web3 gaming industry have bright futures and that Thirdverse is uniquely positioned to benefit from the growing market trends and the extraordinary expertise of its team.”

Masaru “Nogi” Ohnogi, Chief Commercial Officer of Thirdverse, said in a statement: “We are dedicated to innovation and pushing the boundaries of virtual reality and Web3 gaming. Our most recent projects, Altair Breaker, X8, and Captain Tsubasa: Rivals, showcase our team’s exceptional talent, creativity, and desire to drive new gaming experiences for audiences around the world.”

Thirdverse’s full list of investors includes 8DAO, B Dash Ventures, Double Jump.tokyo, Fenbushi Capital, Flick Shot, Holdem Capital, Kusabi, MZ Web3 fund, OKCoinJapan, Yield Guild Games, and OKX Ventures.

Thirdverse’s Blockchain Business

After Sword PTE. LIMITED. was established in Singapore as a subsidiary with jurisdiction over
blockchain-related business in January 2022, the company announced a basic agreement on the development and operation of Web3 games in collaboration with Drecom Co. in March and then with Blocksmith & Co., a strategic subsidiary of KLab Co., Ltd. in april .

In September, Isao Moriyasu, a former CEO and representative director of DeNA Co., Ltd., was
Appointed as the director of the business department of blockchain.

In October, the companies announced a new Web3 game, Captain Tsubasa: Rivals, which is being created in collaboration with Blocksmith & Co. Professional soccer player Yuto Nagatomo was named the game’s official ambassador.

The company plans to release more than 10 Web3 games by 2023 and is currently recruiting more game developers to expand the development pipeline.

Thirdverse VR Games

In August, Thirdverse released the virtual reality sword-fighting title Altair Breaker for Meta Quest 2 and PCVR. In September, a new multiplayer VR tactical hero shooter called X8 was unveiled at the Tokyo Game Show. It is being developed by the American studio Thirdverse.

Lastly, in November, it was announced that both titles would be part of Sony’s PlayStationVR2 lineup, which will be released in February 2023. In the near future, the company plans to strengthen the recruitment of VR game creators for development. of new titles, scheduled for release in 2023 and beyond. In total, the company has 120 employees.