Thirdverse raises US$15m, to focus on new titles and hirings

Web3 and VR game developer Thirdverse has secured US$15 million through a third-party funding round led by MZ Web3 Fund, it announced on November 22.

The latest round brought the total amount of raised funding for Thirdverse to US$33 million. With the new funding, the company will focus on strengthening its global recruitment of game creators and other professionals, as well as continue to develop new Web3 and VR titles, Thirdverse said in a statement.

MZ Web3 Fund was launched by Yusaku Maezawa, the founder of clothing retail giant ZOZO and an entrepreneur, to invest in the Web3 and metaverse domains. Other investors include 8DAO, B Dash Ventures, double, Fenbushi Capital, FLICK SHOT, Holdem Capital, KUSABI, OKCoinJapan, OKX Ventures, Yield Guild Games have invested in the company.

In January, the company established SWORD PTE. LTD. in Singapore, a subsidiary focusing on blockchain-related business. Since then, it has entered collaboration agreements with Drecom, a company involved in mobile online game planning and development, and with BLOCKSMITH&Co., a strategic subsidiary of KLab.

SWORD PTE. LTD. will launch “Captain Tsubasa -RIVALS-,” a blockchain game utilizing the IP of the popular soccer manga “Captain Tsubasa” in December. Thirdverse says it plans to release over 10 blockchain games in 2023.