- The company announced the launch of a product that helps create gaming ecosystems
- New capital is used to expand the team
- The CEO of the company compared crypto games now with computer games in the 90s
Game developer and publisher Argus announced on the closing of a $10 million seed funding round. Such venture capital firms as Robot Ventures, Anagram, Dispersion Capital, Web3 Alchemy backend developer took part in the round. Several private investors also became investors, including former Coinbase CTO Balaji Srinivasan.
Along with raising funding, Argus announced World Engine, an SDK designed to run blockchain games that will allow developers to create their own Web3 gaming ecosystems.
Argus CEO Scott Sunarto said the firm wants to support developers in expanding their vision beyond just creating the infrastructure to make 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. We are seeing a similar phase in crypto games these days, where if you really want to build amazing apps with exciting content, you need to be able to push the boundaries yourself. That is why we are focused on developing the engine infrastructure and our own game studio to create high quality content.” Sunarto said.
He also told how Argus will spend the attracted investments. The company plans to use the funding to expand the team and build its studio and instrumentation infrastructure.