Lucid Sight Secures Another $6 Million for Plans to Take its Blockchain Gaming Global
Lucid Sight the gaming blockchain startup who have created the MLB Champions and Crypto Space Commander (CSC) based on Ethereum network has netted $6 million from its financing round which closed on Tuesday.
The fundraising round saw participation from Salem Partners, The Galaxy EOS VC Fund, Digital Currency Group, Breakaway Growth, Frontier Venture Capital and Animoca Brands.
Apart from these new investors, the platform has also received funding in an earlier event from Major League Baseball, Rana Capital Partners, Los Angeles Lakers VP Research & Development Joey Buss and AppOnboard Founder and mobile game industry pioneer Jonathan Zweig.
The latest round of funding has brought the total capital of Lucid Sights to $11 million. The startup is looking to use the recent round of funding for expanding its games to more platforms. Apart from that, the firm is also looking to launch a developer tool kit called Scarcity Engine later this year.
Lucid Sight CEO and co-founder Randy Saaf said,
“This capital will allow us to bring games such as MLB Champions and CSC to the masses while maintaining the benefits of digital scarcity provided by blockchain technology. We have found that game players enjoy digital ownership in our games, but users want to be able to game where they traditionally game: mobile, PC and console.”
What is Scarcity Engine
Scarcity engine is the technology developed by the firm which is powering both its games, the MLB Champions and Crypto Space Commander (CSC). Lucid is planning to bring CSC to Early Access on Steam in 2019.
Lucid's plan to expand its platform is quite similar to that of Enjin (ENJ), which recently brought its Blockchain SDK to the widely used Unity game engine. Lucid is planning to bridge the gap between the traditional games and decentralized games with the help of its scarcity engine.
The company also claims that it has various third-party developers lined up to launch their first iteration of the platform.