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Web3 Heroic Story Gaming Protocol Raises $6M in Upfront Ventures Round

Web3 Heroic Story Gaming Protocol Raises $6M in Upfront Ventures Round

Quick Reception:

  • Heroic plans to use the funds to expand its team and promote the beta platform.
  • The company also plans to develop network technologies for its MMORPG world.
  • The $6 million seed round brings Heroic Story’s total fundraiser to $7.4 million.

Heroic Story announced a $6 million funding round led by Upfront Ventures. Multicoin Capital and Polygon Technology also took part in the fundraising.

Heroic Story is a web3 gaming protocol founded in 2019 by Y-Combinator founders Jay Rosenkrantz and his brother Scott. The community-owned collaborative world-building platform is based on smart contracts and non-fungible tokens (NFTs).

Heroic Story’s seed round raised the total capital to $7.4 million. Several angel investors also took part in the fundraiser, including A16z Games Fund One founding investor Jonathan Lai, Steve Archanseth – CEO of Team Liquid, Richard Ma of Quantstamp, Orange DAO, George Strompolos – founder of Fullscreen, Wolfgang Hammer – CEO film companies. at Miramax, as well as Ryan and Kaz Firpo, who co-wrote the Marvel movie The Eternals.

Heroic Story also honored previous supporters of the project, including Transcend Fund, Twitch co-founder Kevin Lin, and Thirdweb’s Holly Liu (Kabam) and Furkan Ridan.

The company said it will use the new funding to expand its workforce and accelerate its beta platform’s publicity campaign. Heroic Story is also looking to accelerate the development of its network technology for a massively multiplayer online role-playing game (MMORPG) controlled by professional craftsmen.

Heroic released its first game, Legends of Fortunata, in 2021. The game can now be played through the game platform closed pass.

“The intersection of storytelling and technology has been a theme of my career, from my early years as a leading online poker player and entrepreneur to designing and directing one of the first consumer VR adventure games,” said Jay Rosenkrantz. “At Y Combinator, Scott and I have redoubled our efforts to address the challenges of storytellers, the most underrated talent in the world, and after spending the last year and a half learning about Web3, we truly believe that smart contract platforms will change gaming, storytelling, and the community. construction.”

Fortunata is the creation of Heroic Story’s own team of writers and screenwriters. It has also received contributions from thousands of fanfiction authors and digital artists, according to a press statement released Thursday.

Mark Suster, Managing Partner at Upfront Ventures, commented: “We fell in love with Heroic Story’s vision because they create true online RPGs for a wide global audience that is passionate about the tabletop RPG genre.”

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