Stardust has had a very good run with its funding spherical, having secured $30 million this week. The spherical itself, led by Framework Ventures, additionally featured help from Acrew, Blockchain Capital and Distributed. This information was regardless of the comparative downturn of the crypto market total this month.
As a recreation, Stardust is a web3 recreation creator that empowers builders by simply constructing digital video games on the likes of Solana and Polygon. Based by Canaan Linder in 2018, Linder used his substantial expertise as a Bloomberg LP engineer to good use in Web3.
Linder himself believes that Stardust will be capable of draw standard avid gamers throughout to web3, whereas making its cash by way of month-to-month charges charged to recreation creators, together with charges for transactions on blockchain.
Whereas the corporate hasn’t shared its valuation, it has raised over $36.7 million since October 18th. An fascinating truth to keep in mind is how this funding got here at a time when blockchain recreation investments dropped by 48% as a part of the broader downturn.
However, with inspirations like CryptoKitties, and an infrastructural goal of bridging the hole between web2 and web3 avid gamers, Stardust is an exception to the rule relating to investing.
