Curio, a chain game developer, completed a seed round financing of US $2.9 million

It is reported that Curio Research, the chain game development team, has completed a seed round financing of US $2.9 million, which is led by Bain Capital Crypto, and co-invested by TCG Crypto, Formless Capital, Smrti Lab, Robot Ventures and a number of angel investors. NFT is likely to become the cornerstone of its first on-chain strategy game, Treaty.

Interpretation of this information:

The message conveys that Curio Research, a game development team, has successfully completed a seed round financing of $2.9 million, which was led by Bain Capital Crypto and featured a number of investors, including TCG Crypto, Formless Capital, Smrti Lab, Robot Ventures, and angel investors. The company aims to utilize non-fungible tokens (NFTs) as the foundation of its first on-chain strategy game, Treaty.

Curio Research can now pursue its vision of creating a game powered by blockchain technology. Its decision to adopt NFTs highlights the growing interest in using blockchain’s unique properties to enhance games. In contrast to fungible tokens like cryptocurrencies, which can be exchanged for one another at equal value, each NFT is unique and has its own value. Thus, by providing unique digital assets, Treaty enables players to earn, trade, and own in-game resources, as well as collectibles.

The development comes amid a surge in NFT adoption, with the use of NFTs extending beyond just artworks and collectibles. The company’s embrace of NFTs aligns with the current trend of blockchain gaming that leverages these tokens, creating an ecosystem where players can interact and own in-game assets, much like in real-life situations.

The funding round represents more than just financial support for the game development team. It’s a testament to investors’ confidence in the potential of blockchain gaming and their belief in the success of Curio Research. Furthermore, it indicates that Bain Capital Crypto is taking active steps to involve itself in the crypto gaming space, given the investment it has made in the company.

In conclusion, Curio Research’s successful seed round financing is a significant milestone on the journey towards creating Treaty, a blockchain-based game utilizing NFTs. Its use cases of blockchain technology exhibit the immense potential for the growth and advancement of blockchain gaming. The investment, paired with the gaming industry’s growing adoption of blockchain technology, evidences the promising future of blockchain-based games.