- The company announced the launch of a product that helps create gaming ecosystems
- The new capital is being used to expand the team
- The company’sCEO compared crypto games now to computer games in the 90s
Games developer and publisher Argus announced the closing of a $10 million seed round of funding. Venture capital firms such as Robot Ventures, Anagram, Dispersion Capital, backend developer Web3 Alchemy participated in the round. Several private investors also became investors, including former Coinbase CTO Balaji Srinivasan.
As well as raising funding, Argus announced World Engine, an SDK designed to run blockchain games that will allow developers to create their own Web3 game ecosystems.
Argus CEO Scott Sunarto said the firm wants to support developers in expanding their vision, not just creating the infrastructure to create games. He also compared crypto games to computer games in the ’90s.
“In the 1980s and ’90s, computer games were developed using their own engines to create their own gameplay. These days we are seeing a similar phase in cryptogames, where if you really want to create unbeatable applications with compelling content, you need to have the ability to push the boundaries yourself. That’s why we’re focused on developing the engine infrastructure and our own game studio to create high-quality content,” Sunarto said.
He also talked about how Argus will spend the investment. The company plans to use the funding to expand the team and build its studio and instrumentation infrastructure.