Crypto-focused investment firm Pantera Capital has invested $10 million in Worldwide Webb, a pixel art-based metaverse game in a Series A funding round. The investment will be used to expand the team, integrate additional non-fungible token (NFT) collections into the game, and create partnerships with various brands and intellectual-property holders.
Worldwide Webb is a unique gaming metaverse that allows players to use their existing NFT collections as in-game avatars, with the goal of onboarding more brands into the game. The funding will also be used to integrate more chains beyond Ethereum and expand the team, as well as to create a new standard for ERC-1155 and 721 token standards to address issues with royalty splits from NFT secondary sales. Additionally, Worldwide Webb is set to launch a new browser-based game called 'Blockbusterz,' where players can use their own NFTs as avatars to engage in battles, quests, and raids, with the goal of bringing more brands into the game.
According to Sehaj Singh, Pantera Investment Associate, "Worldwide Webb bridges the gap between traditional gaming and NFT communities via an ever-expanding catalog of browser-based mini-games, where every player can leverage a unique identity (in the form of an NFT). Not only has Webb’s rapid-iteration on game development led to fun and engaging mini-games, but the Worldwide Webb platform has provided yet another channel for NFT communities to enhance engagement and community building."
In conclusion, Pantera Capital's investment in Worldwide Webb's metaverse game is a strong endorsement of the potential for gaming in web3, particularly in the context of NFTs. The funding will allow Worldwide Webb to expand its team, integrate more NFT collections, create a new standard for token standards, and launch a new browser-based game. As the metaverse and NFT space continue to evolve, it will be interesting to see how Worldwide Webb and other gaming platforms adapt to provide unique and engaging experiences for players and collectors alike.