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LongHash Ventures Leads $1.5M Pre-Seed Funding Round for Particle Network Web 3.0 Game Data and Development Platform

LongHash Ventures Leads $1.5M Pre-Seed Funding Round for Particle Network Web 3.0 Game Data and Development Platform, Crypto Trading News

May 4, 2022 – Singapore, Singapore

LongHash Ventures, one of Asia’s leading Web 3.0 focused venture funds and accelerators, announced that it has led a $1.5 million pre-seed funding round for Particle Network a Web 3.0 mobile game development platform that aims to accelerate game developers’ transition to Web 3.0 by providing developers with the toolkit to easily build, host and scale gaming DApps.

Emma Cui, Founding Partner of LongHash Ventures said:

“We are pleased to support Pengyu Wang and the Particle Network team. This investment underscores our bullish stance on Web 3.0 gaming, and Web 3.0 mobile gaming in particular. Particle Network removes one of the biggest obstacles to the development of the Web 3.0 gaming ecosystem the lack of Web 3.0 mobile tech stack and social graphs that developers need to efficiently build and launch immersive gaming DApps. By providing a fully managed backend infrastructure, Particle Network enables developers to accelerate their Web 3.0 game development.”

The funding round also includes participation from Insignia Ventures Partners, CyberConnect, BitCoke Ventures, 7 O’Clock Capital, FSC Ventures and Monad Labs. Particle Network will use the funds to expand its team, nurture its global developer community, and enhance the launch pad to provide developers with the fastest path from idea to mass-scale Web 3.0 games.

Pengyu Wang, Co-Founder and CEO of Particle Network said:

“We are grateful to be joined by an incredible group of investors in this funding round led by LongHash Ventures. When we first ventured into the world of Web 3.0 as developers, we realized we needed to build the fundamentals of a mobile app from scratch. However, this creates unnecessarily high barriers to Web 3.0 mobile app development, and any developer who reinvents the wheel to create an app is not contributing to Web 3.0 in the long run. With Particle Network, developers can now focus on creating amazing gaming experiences without worrying about building everything from scratch.”

Particle Network provides support for multiple chains, allowing developers to Solana, BNB can build ChainPolygon, Immutable X, Avalanche, Flow, Evmos and Wax. Developers have created numerous Web 3.0 games using the Particle Network platform, including Merge Go, Designer 777, Idle Weed Inc, and Panda^2.

About particle network

Particle Network is a Web 3.0 mobile application data and development platform that enables developers around the world to build scalable, multichain, and reliable Web 3.0 mobile apps without in-depth knowledge of the Blockchain-technology to create.

It also helps developers clean and structure on-chain data Then connect the processed data to first-party client data, allowing developers to create user DIDs and perform targeted product iterations and operations.

Please see the links below for more information.

Website | Twitter

About LongHash Ventures

LongHash Ventures is a Web 3.0 investment fund and accelerator that works closely with founders to build their Web 3.0 model and unlock the tremendous potential of Asia. We launched our fund in January 2021 and invested in projects like balancerAcala, Instadapp and Zapper invested.

With the LongHashX Accelerator we have with polka dots, Algorand and Filecoin joined forces to build more than 50 global Web 3.0 projects that have raised more than $100 million over the past four years. Through such investments and active collaboration, we are committed to fulfilling our mission of catalyzing growth for the next generation of the Internet.

Please see the links below for more information.

Website | Twitter | LinkedIn

Contact

Ho Say Peng, Long Hash Ventures

LongHash Ventures Leads $1.5M Pre-Seed Funding Round for Particle Network Web 3.0 Game Data and Development Platform, Crypto Trading News

Post LongHash Ventures Leads $1.5M Pre-Seed Funding Round for Particle Network Web 3.0 Game Data and Development Platform, first appeared on The Daily Hodl.

Source: Crypto News Deutsch

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