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N3twork Studios Raises $46 Million To Develop High-Quality Blockchain Game

N3twork Studios Raises $46 Million To Develop High-Quality Blockchain Game

For developing high-quality blockchain games, N3twork Studios has raised funds worth $46 million.



KIP, Floodgate, LLL Capital, Kleiner Perkins, Galaxy Interactive, and N3twork Inc. have participated in the funding round with Griffin Gaming Partners heading the round.



Peter Levin, Griffin Gaming Partners’ will be joining the board of directors for the studio, which pulled out of N3twork Inc. as Forte acquired N3twork Inc.



Further, the funding will help in the launch and development of the first two blockchain games of the studio, Legendary: Heroes Unchained and Triumph.



N3twork Studios was created in January 2022 from the games team of N3twork Inc. after the acquisition of the N3twork platform by Forte. The team consists of over 60 industry veterans, from companies including Machine Zone, EA, Kabam, Zynga, Glu, GREE, Scopely, Warner Brothers, and Disney, who have built and operated many successful live service titles.



For changing the scale of audience impact, N3twork Studios will use its experience in free-to-play games as a key advantage.



The capabilities of the company will be used for expanding the crypto game audiences in the world that web 3 will benefit all types of players. 



N3twork is collaborating with Forte, a leading blockchain technology solutions company in order to power its games and economies.



Levin, managing director of Griffin Gaming Partners, sees Web3 as a paradigm shift and says it’s going to be a massive games market expander.



Free-to-play and Mobile games completely changed the way the gaming scenario worked years ago. The innovative minds who made this transition are best established to implement the imaginative thinking crucial to shifting the way we play again.



N3twork Studios can discover this potential since it has a proven track record and knowledge base.



N3twork Studios is addressing the space from two angles: a hybrid of free-to-play and web3 and fully crypto native games.



Legendary: Heroes Unchained is based on the Legendary: Games of Heroes intellectual property. It is a crypto native title, a play-and-earn RPG. It’s going to be built from scratch in collaboration with its community.



ALSO READ: Have the shaky movements in the crypto market made Commonwealth Bank to halt its trading operations?

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