Crypto Enthusiast, Alexis Ohanian of Reddit, Leads $3.75 Million Round in Horizon Games

Horizon Games on July 17 revealed that Alexis Ohanian, the co-founder of Reddit and husband of lawn tennis great Serena Williams is leading the raise of $3.75 million in seed funding to take on ‘’Magic: The Gathering’’ and Hearthstone.’’

The funding is also getting high-level support from some of the biggest names in the industry, such as Coinbase Ventures, Polychain Capital, Inovia Capital and other exchanges within the crypto space.

Healthy Rivalry

With the proliferation of talents in the gaming sector, rivalries are bound to ensue, and each player must sit tight or lose its spot. Not one to be left behind, Horizon Games, announced that the available funds have been used to scale-up production on a new Ethereum-powered game called ‘’Skyweaver’’ and also on a gaming platform called Arcadium.

The Skyweaver project, according to the company is a ‘’Trading Card Game from Another Dimension’’, which will change the whole gaming narrative. Commenting on the whole new concept by the gaming platform, the CEO of Horizon Games Peter Kieltyka stated that:

‘’ I wanted to introduce a product on blockchain technology. We wanted to deliver something my friends could use.’’

The major zeal behind the great enthusiasm being shown by entrepreneurs like Kieltyka in the gaming industry is to compete favourably with big-time players like ‘’ Hearthstone’’, who have dominated the market for a while and can boast of over 100 million registered players on the platform.

A Huge Market

Quite a number of entrepreneurs are currently drooling over themselves and salivating at the huge potential lying ahead in the gaming industries, which is why the industry is so full of a lot of products.

‘’We realized this was a huge market, it is a huge idea, Cryptokitties had come out, and we could see the movement,’’ he concluded.

Horizon is a multifaceted platform that combines as both a gaming studio and a platform that enables the distribution of blockchain games.

The ‘’Skyweaver’’ game project by Horizon has been on the cards for close to a year now, the game involves players engaging in one-on-one contests with other players using collectable cards. The infrastructural concern that arose in the build-up to the game, led to the firm developing the Arcadeum platform and hopes that other game makers will find useful.

The firm posits that the Arcadeum platform solves a number of scalability issues, maintaining that ‘’You can’t make a blockchain game stack unless you make a game and you know it fits the mould.’’

Blockchain games are becoming hugely popular in the crypto space, and quite a number of new concepts are dished out every day. Bitcoin Exchange Guide reported that a new blockchain game called Baer Chain is a distributed online platform for the ecological game.

The game operates directly, connecting elements on the game’s ecological chain in an organic way to realize direct docking, zero-loss circulation, and secure the storing of individual values.

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Ogwu Emma
Ogwu Emma
Ogwu Osaemezu Emmanuel is a blockchain analyst with several years of experience in the cryptospace. He writes regularly for several leading cryptocurrency platforms

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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