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Independent game studio, Playful Studios, has raised $46 million in a Series A funding round for its new Web 3 subsidiary called The Wildcard Alliance.
The funding round was led by crypto native investment giant Paradigm and included participation from Griffin Gaming Partners, Polygon and venture capitalist Sabrina Hahn.
The subsidiary will be releasing its first game called Wildcard, which is hybrid multiplayer online battle arena, real-time strategy and collectible card game on the Polygon blockchain.
The game allows competitors to interact and transact directly with their in-game fans and supporters, and rightfully dubbed as “the ultimate spectator sport”.
Playful Studios was founded in 2012 by Words with Friends co-founder Paul Bettner and is known for popular game releases Lucky’s Tale and adventure game Creativerse. Bettner will also be leading Wildcard Alliance with a group of experienced industry veterans by his side.