New York, USA, July 22, 2024, Chainwire
NPC Labs aims to bring 3 billion players onto the blockchain and expand its use cases
NPC Labs announces $18M seed funding round led by Pantera Capital, totaling $21M including pre-seed funding. The round also includes prominent investors Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund. NPC Labs aims to accelerate the onboarding and development of on-chain gaming as a core contributor to B3.fun, an innovative horizontally scaling gaming ecosystem built on Coinbase’s L2 network, Base.
Founded by Base’s former business development and ecosystem team, NPC Labs is poised to power gaming on Coinbase’s (NASDAQ:) L2 network, accelerating Base’s ambitious mission to bring 1 billion users on-chain and restore economic freedom for game creators and enthusiasts.
Daryl Xu, Co-Founder and CEO of NPC Labs says: “In today’s hyper-competitive gaming world, developers have a hard time getting their games to market. After spending years creating a game, developers are beholden to publishers to deem their games worthy of support, marketing, and distribution. And when they do, developers give up 70% of the profits with the risk of the publisher pulling the game if it doesn’t generate enough revenue. On the other hand, players fighting for consumables, cosmetics, and badges risk losing it all if publishing studios say they don’t want any more. Our mission here is simple. We want to help create fun games for Nebraska moms while making it super simple for developers to profit from being in the chain. In other words, we’re giving control back to game developers and players.”
While Web2 game developers understand the promise of on-chain gaming, many underestimate the complexities of building a protocol with sufficient liquidity and user base, while also juggling the infrastructure demands for smooth gameplay.
“In reality, what happens is that once a chain of game-specific apps is launched, game developers end up isolating their users on an island, creating a fragmented experience with high barriers to entry,” he says. Viktoriya Hying, Co-Founder and COO of NPC Labs“Imagine if every published game had its own console and infrastructure. It’s impractical. Every player just wants one place where they can play lots of games. B3 is that console, and the B3 ecosystem solves these problems by running the chain and providing the infrastructure needed so developers can focus on delivering the best experience for their players.”
B3 was built with built-in chain abstraction, eliminating the need for users to connect or switch networks. Currently on the testnet, B3 initially supports games built on , Base, and other EVM chains. With its proprietary and highly scalable technology stack, B3 can easily integrate games from other chains such as . What users get is a completely seamless experience – just jump in and play!
“Given the success and traction of Base, we were naturally excited to partner with NPC Labs in their vision to elevate the Base ecosystem with B3,” he says. Franklin Bi, General Partner at Pantera Capital“While working at Base, Daryl and Viktoriya led many of the best teams that are part of the Base ecosystem today, deeply understanding their needs, especially in gaming and consumer applications. B3’s infrastructure and tools will bring a new dimension to Base by enabling developers to create great games and on-chain experiences for consumers.”
Developers can learn more about building on-chain games at
About NPC Labs
Founded by the former Base core team, NPC Labs is poised to power gaming on Coinbase’s L2 network. NPC Labs is a core contributor to B3.fun, an innovative horizontally scaling gaming ecosystem built on Base. Passionate about the Base ecosystem, NPC Labs is helping scale the network for the next generation of on-chain gamers. We envision the future of on-chain gaming as a seamless, open ecosystem that changes the paradigm of ownership and incentives for the gaming ecosystem. Learn more about NPC Labs at
About B3.fun
B3.fun, governed by the Player1 Foundation, is an innovative, horizontally-scaling gaming ecosystem built on Base, Coinbase’s L2 network. Designed for seamless and scalable gaming experiences, B3 supports a variety of EVM chains and offers unrivaled infrastructure for game developers. Learn more at Follow B3’s latest developments on X (Twitter), Tumblr, and Warpcast.
Developers can head over to learn more about building on-chain games.
About Pantera Capital
Pantera Capital is the first institutional investment firm focused exclusively on bitcoin, other digital currencies, and blockchain technology companies. Pantera launched the first cryptocurrency fund in the United States when bitcoin was at $65/BTC in 2013. The firm subsequently launched the first blockchain-only venture fund. In 2017, Pantera was the first firm to offer an early-stage token fund. Pantera manages $6 billion across three strategies: passive, hedge, and venture.
ContactGaby Hui[email protected]
This article was originally published on Chainwire
