Funding Announcement
On November 17, the innovative Web3 gaming protocol, Heroic Story, made waves by announcing that it has successfully raised $6 million in a seed funding round. The round was spearheaded by Upfront Ventures, with notable participants including Multicoin Capital and Polygon Technology. This impressive influx of cash brings Heroic Story’s total financing to a whopping $7.4 million!
How the Funds Will Be Spent
So, what does Heroic Story plan to do with all this newfound cash? According to their announcement, the funds will primarily be allocated towards hiring expert talent, ramping up marketing efforts for their live beta, and enhancing on-chain technology for their massively multiplayer RPG world. That sounds like a party!
A Star-Studded Investor Lineup
Heroic Story has attracted some heavyweight investors, including prominent angels like Jonathan Lai, an early backer of a16z Games Fund One, and Team Liquid CEO Steve Arhancet. Also on the list are Quantstamp CEO Richard Ma, Miramax head of film Wolfgang Hammer, and the screenwriting duo Ryan and Kaz Firpo, cousins known for their work on Marvel’s Eternals. With a lineup like that, you might say they have a superhero team of investors.
The Vision Behind Heroic Story
Mark Suster, managing partner at Upfront Ventures, shared his enthusiasm for Heroic Story’s vision, stating, “We fell in love with the vision for Heroic Story because they are building authentic online RPG experiences for large, global audiences passionate about the tabletop RPG genre.” It’s heartwarming to see investors who care about the storytelling and RPG community!
Legacy of Innovation
Established in 2019 during their stint at Y Combinator, Heroic Story creates multiplayer adaptations of classic tabletop RPGs. The company blends storytelling and technology to craft immersive experiences for players. CEO Jay Rosenkrantz expressed that throughout his career, the merger of storytelling and technology has been a driving force, from poker to pioneering VR gaming.
Game-Changing Franchise
Fans of Heroic Story can rejoice! The company’s first game franchise, Legends of Fortunata, debuted in 2021, promising a thrilling gaming experience. The aim? To tackle the pitfalls of playing traditional tabletop games online—think less scheduling headaches and more epic virtual rewards! The gaming industry, especially blockchain games, sits at a substantial market cap of around $25 billion as of early 2022, underscoring the vibrant future that awaits.
