Quick take:
The company plans to use the new capital to expand its team.
The company is also building a first-party Duper game show akin to high-stakes live poker.
The seed round brings the total raised to $8.6 million following a $2.9 million round announced in February 2023.
Web3 gaming Studio, Curio has secured a $5.7 million funding round led by Bain Capital Crypto and SevenX Ventures co-led the round with participation from OKX Ventures. The seed round brings the total raised to $8.6 million following a $2.9 million round announced in February 2023.
Curio is developing an on-chain gaming infrastructure to power the next generation of blockchain games. But that is not what it has always been. In 2022, then operating as an NFT platform, Curio teamed with Universal Music Group to develop NFTs for the record label and its artists.
The company plans to use the fresh capital to accelerate the development of its high-stakes live poker-like Duper game show and expand its core team. The game show is based on Curio’s flagship wagering strategy game Duper, which recently launched season one.
Commenting on the announcement, Curio co-founder Kevin Zhang said in a statement: “While most crypto games attempt to imitate existing video games, we looked in another direction at classic board games and card games that are simple, infinitely re-playable, and integrate stakes with the game meaningfully, as part of the core game design. Because of this unique form factor, Duper is highly accessible.”
Bain Capital Crypto partner Stephan Cohen added: “We’ve worked with the Curio team since inception and continue to be impressed with their vision for how next-generation games can leverage blockchain components. By focusing on emergent social dynamics and skill-based wagering, Curio combines the best elements of classic games like Poker and Mahjong with the immersive nature of video games.”
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The post Curio Secures $5.7M Seed Round for Blockchain Gaming Infrastructure appeared first on NFTgators .