According to crypto tracker CryptoSlam, the platform did nearly $105 million in transaction volume. The sci-fi NFT card game caught fire in August after its first pack drop amid a massive surge in NFT speculation. Unlike some of the other highly valuable pixelated NFT projects, like CryptoPunks, Parallel’s art style is focused on realism - through a science fiction lens, of course.Īn NFT from Parallel’s upcoming drop. The project is based around a fantasy storyline about humanity’s escape from space following an apocalyptic attempt to resolve a global energy crisis. We were impressed by Parallel‘s unique approach and fervent early community, and excited to support them for their next stage of growth,” Paradigm co-founder Matt Huang said in an email. “The best crypto games will be the ones that can go beyond first-party content and inspire a community of players and developers to build on the game itself. Previous investors include YouTube co-founder Chad Hurley, Focus Labs, OSS Capital and Yunt Capital, among others. The platform tells TechCrunch they’ve raised $50 million at a half-billion dollar valuation from crypto VC firm Paradigm. Parallel, a sci-fi card game based on the Ethereum blockchain, has had a more meteoric rise than most crypto projects, and investors have noticed. It’s no secret that NFTs have been a hot space for crypto speculators in the Ethereum ecosystem to diversify their holdings, and while some see a golden opportunity to shill bad art to suckers, others believe that NFT-based gaming is destined for the mainstream and that products that nail the mechanics early-on will earn the spoils.
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