Horizon Blockchain Games Reveals $3.75M Seed Round Led by Initialized, Debut Game SkyWeaver, and Vision for Future of Online Games Superpowered by its Blockchain Platform

Horizon Blockchain Games (Horizon), a video game studio and blockchain infrastructure company on a mission to create great games for the new era enabled by blockchain technology, has raised $3.75 million in a seed round, led by Reddit co-founder Alexis Ohanian’s venture fund, Initialized, with participation from Golden Ventures, Polychain, Coinbase, Digital Currency Group, and Inovia Capital. The company has already built an online game, SkyWeaver, now in private testing, to bring truth to its vision and demonstrate the power of its new platform. SkyWeaver innovates on the incredibly popular trading card genre by blending accessible yet deep game design with the freedom for players to truly own their digital cards and securely trade them on the Ethereum blockchain network.

“Blockchain technology has given rise to the next generation of the Web: the Internet of value,” said Peter Kieltyka, co-founder and CEO of Horizon Blockchain Games. “This new Web marks the transition from applications as networks to applications as economies that share and exchange value with their users and co-creators, providing revenue sharing at a protocol level. At Horizon, we’re passionate about giving games blockchain super-powers by offering our players the freedom to own and trade their digital items across an open Internet.”

“Peter and the Horizon team have impressed me as a company with great passion to make blockchain meaningful for games,” said Initialized Capital managing partner & Reddit co-founder Alexis Ohanian. “We are proud to have invested because not only do they have a long term future vision with a desire to make a positive impact on society, they are a far-seeing video games company, making engaging experiences that will give players all the benefits of digital and physical worlds colliding.”

SkyWeaver blends the best aspects of online and physical trading card games and is tailored to both casual and competitive players. In a first for the trading card game genre, the free-to-play SkyWeaver allows players to win cards by competing and ascending the ranks of its worldwide leaderboard. Players can then play with, trade, give away, or sell their cards on the Ethereum network, for real-world value. SkyWeaver will allow cross-platform play and will launch with more than 300 cards and offer players unique playstyle classes to choose from called Prisms. Visit https://skyweaver.net/ and follow @SkyWeaverGame for the latest information on SkyWeaver.

Horizon has also created a blockchain video game network named Arcadeum, the Crypto Arcade. Arcadeum is built on the Ethereum network and will provide players with secure wallets to store their SkyWeaver assets in addition to assets from other blockchain games. Arcadeum also serves as a browser for players to enter the new Web and discover all Ethereum-based applications, ranging from video games to marketplaces. Through its open-source platform, Arcadeum will offer third-party developers the opportunity to bring their own blockchain games to the new Web.

SkyWeaver is set to enter open beta in Fall 2019. For more updates on SkyWeaver and Arcadeum, visit https://skyweaver.net, and stay tuned to Horizon’s official Twitter, @0xHorizonGames and Medium page, along with their website, https://horizongames.net/.

About Horizon Blockchain Games

Horizon Blockchain Games is a video game studio and blockchain infrastructure company pioneering a new dimension of gaming that belongs to players and creators. Horizon aims to onboard the world to blockchain technology through play. Founded in 2018 by CEO Peter Kieltyka and his executive team, Horizon Blockchain Games has partnered with key investors in the tech and blockchain industries, including Coinbase, Initialized, Golden Ventures, Polychain, Digital Currency Group and iNovia. Horizon Blockchain Games is set to enter open beta with its debut title, SkyWeaver, a digital card game, in Fall 2019, along with its crypto-arcade platform and wallet, Arcadeum. For more information on Horizon Blockchain Games and its upcoming products for gamers and tools for developers, visit https://horizongames.net/.

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