Blockchain Game Developer Skyweaver Receives $40M in Latest Funding Round

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Canada-based NFT gaming company Horizon Blockchain Games has recently raised $40 million in a Series A funding round led by Brevan Howard Digital and Morgan Creek Digital.

Traditional video game firms Ubisoft Entertainment SA and Take-Two Interactive Software have also taken part in the round.

Horizon CFO Deborah Marfur has not disclosed the company’s valuation. The firm’s value has risen from last year’s funding round. Then investors valued Horizon at $89.5 million.

The company will use the funds raised to further develop three main products, including Skyweaver games based on NFT cards, platforms for Sequence developers and marketplace of digital assets Niftyswap.