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A varied collection of investors recently contributed a substantial $35 million to Parallel, a well-known science fiction NFT card game. The world of Parallel is about to expand across a number of additional platforms thanks to this substantial financing increase.
The Parallel developers recently announced on March 28 that they had successfully completed their most recent round of funding, to which Amber, Distributed Global, The Operating Group, VanEck, Solana Ventures, and Base Ecosystem Fund were among the primary donors. This substantial investment demonstrates the faith that investors have in the game’s potential for expansion and novelty.
While specific details regarding the project’s valuation post-funding remain undisclosed, the developers have outlined their intention to utilize the funds to broaden the Parallel universe’s horizons across a multitude of new mediums and platforms. This strategic move aims to enhance the accessibility and reach of Parallel’s immersive gaming experience to a wider audience.
Parallel is a 2021 startup that has gained popularity for its distinct gameplay mechanics that let users engage, exchange, and amass unique in-game items in the form of non-fungible tokens (NFTs). Parallel provides gamers an engaging and immersive gaming experience with its gripping story, which revolves around humanity’s struggle for survival during a worldwide energy crisis.
In its early stages of development, Parallel successfully secured $50 million at a valuation of half a billion dollars, with the support of prominent investors and the cryptocurrency venture company Paradigm in the past. All the same, the project’s present worth may have changed given the volatility of the cryptocurrency market, which was most noticeable during the 2023 crypto winter. Parallel is dedicated to pursuing its goal of giving gamers the best possible gaming experience in NFT space, even in the face of any obstacles.