developing SDK to create interoperable blockchain games, startup Argus Labs closed a $10 million seed funding round. It was led by Haun Ventures, ex-partner Andreessen Horowitz, Kathy Haun.
Thrilled to announce our $10M seed round led by @HaunVentures with participation from prominent funds, strategic investors, and angels, including @AlchemyPlatform @robotventures @eladgil @balajis, @cjliu49, @bladerand other to push the envelope of fully onchain games. pic.twitter.com/8DaZmYmzkU
— ARGUS ◢ ✦ ◣ (@ArgusLabs_) June 6, 2023
The company has been backed by technology and gaming angels including Elad Gil, Balaji Srinivasan and Siki Chen, Kevin Aluvi, Sunny Agarwal, Calvin Liu and Scott Moore.
Funding was also provided by Robot Ventures, Anagram and Dispersion Capital.
Using an SDK called World Engine, developers can create and customize compatible game worlds.
“Online games were born on the Internet, but they are isolated, cut off from the huge potential of an interconnected universe,” — said the founder of the startup Scott Sunarto.
The entrepreneur is known as the creator of the “first MMORTS-Dark Forws games based on zk-SNARK technology. The difficulties that arose due to the limitations inherent in the current blockchain architecture pushed him to create the World Engine.
Sunarto sees the SDK as “a connected L2 layer for blockchains in the form of open source shards that will serve as the basis for internet gaming.”
This structure allows you to distribute the load across high-performance gaming segments.
A shard like this integrates seamlessly with major engines and delivers the features and performance expected of a traditional game server.
“The line between the blockchain and the game server is blurring”the company assured.
The World Engine EVM base shard provides players and developers with a central place to create content and platforms that can easily interact with game shards through a dedicated router system.
The startup has attracted the first group of private technology beta testers for a select few teams.
Recall that in March 2022, Haun Ventures raised $1.5 billion for investment in Web3.
Andreessen Horowitz Forms Fourth Crypto Fund in May $4.5 billion. The structure will focus on supporting Web3 startups.
In August, Haun Ventures led an investment round for Web3 developer platform Thirdweb.
In April 2023, venture capital firm Bitkraft raised $220.6 million to launch its second fund to invest in the Web3 gaming sector.
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