Lyra Martin Games 07.06.2022 10:Jul AM EDT

Klang Games Raises $41M for AI-populated Seed Virtual Environment Development

Klang Games wants to expand the possibilities for MMO games using Seed, a sizable, long-lasting setting where users may shape their lives and engage with AI-driven virtual characters.

Klang Games Obtains $41M Funding Led By Amonica Brands and Kingsway Capital

In order to create Seed, a user-built online world, Klang Games has collected $41 million in investment. Isabelle Henriques, a seasoned executive from Electronic Arts, was also welcomed by the business as co-CEO.

With Seed, the Berlin, Germany-based Klang Games hopes to push the boundaries of massively multiplayer online (MMO) games. The seed will be an expansive, permanent environment where players may determine their futures and interact with AI-driven virtual people.

The Improbable SpatialOS platform, which offers the infrastructure needed for small development teams to build expansive simulations, is used by the online space colony game. The game is set in the future but lacks The Force-like fancies. It is instead more accurate.

In Seed, a persistent simulation, players must populate an alien planet through collaboration, conflict, and player-to-player communication. Due to Seed's real-time character management, people continue to exist when the player logs out. This makes the game's world feel real and alive.

Anthos, Novator, Supercell, Roosh, AngelHub, and New Life Ventures also participated in the round, which Animoca Brands and Kingsway Capital jointly led. Almost $80 million has already been raised for Klang Video Games.

While Klang Video Games has been working on prototypes for a very long time, Vondi is happy to have reached this new prototype development stage for the simulation-based MMO. Vondi hopes Seed will solve many problems associated with gathering many players in one location in online video games. This is what companies are hoping to achieve with the metaverse, the collection of interconnected virtual worlds found in books like Snow Crash and Prepared Player One.

This fresh investment round may be utilized to boost Klang Video Games' rapid development to hasten Seed's emergence.

Within a year, the company wants to increase its current workforce from 70 to 150 people roughly. It aims to improve Seed's technological infrastructure and scalable back-end while fostering a collaborative and inspiring work environment in the center of Berlin.

Animoca Brands Holds $5 billion in Cryptocurrency and Cash Reserves

Animoca Brand led the investment round for Klang Games' seed, and announced last month its most important unaudited financial figures for the final three months of 2021 and the first four months of 2022.

Anomica Brands is a publisher of digital entertainment and cryptocurrency games located in Hong Kong.

As per the article, the company has invested more than $1.5 billion in more than 340 projects since April 30. Among them were Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, and Star Atlas.

According to Animoca Brands, it made approximately $721 million in NFT and token sales over the previous seven months, including secondary sales and other non-blockchain activity.

Gains and losses from investments and holdings of digital assets, which comprised a cash balance of around $98 million and cryptocurrency holdings of nearly $211 million in Bitcoin (BTC), Ethereum (ETH), USDC, USDT, and Binance's BUSD, were included in the company's other income over the same period.

Other stated digital assets held by the company as of April 30, 2022, included tokens from unidentified third parties, valued at around $659 million.

Additionally, the company claimed to have reserves for digital assets worth about $4.2 billion, which are not included on its balance sheet. The Animoca Brands tokens SAND, QUIDD, PRIMATE, REVV, TOWER, and GMEE are those held in these reserves.