Horizon plans to utilize the capital to scale their products, grow the ecosystem, and expand its workforce. The company’s goals include making the space easier and more fun to users. In addition to that, Horizon will provide more powerful tools for builders on the blockchain.
The fundraise was led by Brevan Howard Digital and Morgan Creek Digital, both digital divisions of their respective asset management/investment firms. Other companies that joined in support of Horizon include BITKRAFT, CMT Digital, Initialized Capital, Polygon, Take-Two Interactive Software Inc. (owners of Rockstar games, 2K, and Zynga), and Ubisoft, to name a few.
The project also received funding from individual investors such as Sky Mavis and Axie Infinity Co-founder Aleks Larsen, Shopify CEO Tobias Lütke, Shopify VP of Product Acceleration Satish Kanwar, The Sandbox Co-Founder Sebastien Borget, and Mighty Bear Games Web3 Director Michael Arnold, among others.
The Series A will assist Horizon in growing and improving three of their existing platforms: Sequence, Skyweaver, and Niftyswap.
One of the team’s main goals is to turn Sequence into a go-to platform for blockchain-focused companies and projects. From Web3 games to metaverses, to marketplaces and Non-Fungible Token (NFT) collections, Sequence aims to make building easier even for Web2 developers.
“Horizon and Polygon have been collaborating since 2019, and we’re thrilled to deepen our relationship,” Polygon Co-Founder Sandeep Nailwal stated, adding “We are onboarding some of the world’s biggest companies to Polygon, and it’s amazing to have the Sequence platform for developers so that their journeys into Web3 are seamless.”
A portion of Horizon’s war chest is allotted for its trading card game Skyweaver. The game launched its first playable Alpha in December 2018, followed by the open Beta in February 2022. Currently, the project has deployed 100 patch updates and released 600 cards. According to Horizon, the game has welcomed “hundreds of thousands of players to our global community.”
Furthermore, Skyweaver recently added tradable stickers, Legacy Hero Skins (special character cosmetic upgrades), and Conquest Weekly Treasures (conquest gameplay mode). The introduction of these features is part of Horizon’s efforts to “deepen engagement” and “enhance the player-owned” in-game economy.
Horizon is slated to launch its Web3 collectible marketplace Niftyswap. Basically, the platform’s goal is to make trading Semi-Fungible Tokens (SFT) easier by providing holders with access to on-chain liquidity.
According to the company, Niftyswap aims to become the “premier destination for trading SFTs,” as well as “web3 game items, metaverse collectibles, digital fashion, music, and more.”
About Horizon Blockchain Games
Horizon Blockchain Games is a Web3-focused game developing company. Their long-term goal is to provide billions of users with secure and convenient access to the world of blockchain. In addition to that, the company is also providing tools for developers in the space.
According to Horizon’s official website, the dev tools will help “build the next generation of internet economies” wherein the users and the creators both benefit from the “value generated by the networks they participate in.”
Horizon is led by Co-Founder and CEO Peter Kieltyka. Starting with a team of five co-founders, the group has since expanded to a 60-member company, spanning 16 countries.
“We have always had a long-term vision for the future of Web3, and are carefully building complementary products to support the ecosystem,” Peter Kieltyka stated.