What’s Parallel?
Parallel is a web3 TCG developed by Parallel Studios, utilising NFT-powered property and play-to-earn incentives.
The sport is ready in a dystopian future the place Earth has grow to be uninhabitable on account of a cataclysmic occasion often known as “The Occasion” inflicting humanity to scatter throughout area, splitting into 5 factions: Earthen, Marcolian, Augencore, Kathari, and Shroud.
Gamers acquire playing cards representing these factions and interact in head-to-head battles to combat for PRIME tokens, the utility forex of the Echelon ecosystem.
Parallel additionally provides varied gameplay modes that cater to totally different kinds of play, together with The Ladder and Sectors, and encompasses a rookie queue to supply a coaching floor for brand spanking new gamers with customizable rookie decks.
What’s going to this funding imply for Parallel?
This funding follows the current launch of its open beta, which launched a brand new card known as Ghosan, Viper of Ceres, alongside gameplay changes and bug fixes.
Parallel Studios are utilizing the funds for 2 principal functions. The primary is to increase consumer acquisition efforts by the Parallel Ambassador program, influencer collaborations and promoting campaigns.
The second is to gear as much as launch on platforms just like the Epic Video games Retailer and Steam, with cell variations in consideration.
The studio can also be engaged on Colony, an AI-powered survival simulation recreation constructed on Solana. A part of this funding will to go assist the event of Wayfinder, an AI protocol with the aim to reinforce consumer experiences in blockchain ecosystems.
Parallel Studios goals to launch a beta model of Colony by the top of 2024, and is accelerating hiring to satisfy this growth aim.
This extra $35 million brings Parallel’s whole raised to $85 million, after a earlier funding spherical led by Paradigm, now valuing the corporate at $500 million.
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*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our website moderators and are supposed as instructional materials solely. People are required to totally analysis any product prior to creating any form of funding.
Blockchain fanatic and lifelong gamer.