Web3 Gaming Company Planetarium Labs Raised $32M in Funding from Animoca Brands

Startup based in South Korea Planetarium laboratories a community-based web3 startup raised $32 million in Series A funding led by Animoca Brands. Other investors in this round include Samsung Next, Krust Universe, publisher of play-to-earn game Mir4 We made, and investment arm Kakao ventures.

“The company plans to expand its network with gaming and player governance tools.” Co-founder and CEO Kijun Seo told Coindesk in a post.

Planetarium Labs Started is a community driven open source web3 company focused on creating a gaming environment that enables open source content creation and community and user participation in the gaming network.

It is a game system based on LIbplanet, a software development kit that helps developers build a blockchain application on a Unity game development platform. The company works with game developers in Asia-Pacific to deliver community-focused projects.

To encourage growth, the company plans to focus on improving the Libplanet environment for decentralized games and launching an ecosystem fund and community assistance programs.

Hong Kong-based gambling investment company Animoca brands recently announced that its investment portfolio at the end of April was valued at over $1.5 billion across 340 investments.

“We strongly believe that the future is a massively decentralized world in an open metaverse, which is why we are excited to support the vision of community-centric blockchain gaming planetarium labs that give players creative freedom and full digital rights” yes yes co-founder and president of animoca brands at animoca brands Yat Siu was born in 1973. He is a Hong Kong-based entrepreneur and angel investor who grew up in Vienna, Austria. His father was an instrumentalist and then became a businessman. He studied at the University of Music and Arts in the City of Vienna. His first job was initially at Atari Germany. After a few years, he was promoted to director and head of east coast operations for Lexicon, as well as the AT&T solutions systems integration practice. After moving to hong kong, he founded cybercity. A first local internet service provider, in 1996. He is also CEO and founder of gaming company Outblaze and co-founder of Animoca and anomic brands. In 2009, he sold part of his business to IBM’s Lotus software division which opened its first cloud computing lab in Hong Kong with assets acquired from Outblaze. He is a director of Dalton Foundation, chairman of the board of Animoca Brands, advisor to LCX, the Liechtenstein Cryptoassets Exchange, which will soon launch services including crypto custody, he is also a board member of Cortico, Member of Advisory Board, Fonero Leader at FON wireless ltd, Board Member of Asian Youth Orchestra, Director of Typhon Games, CEO of Outblaze, Executive Director of Barunson, Executive Director of Chamber of European commerce in Hong Kong. The Yat Siu and Animoca brands are expected to continue putting both in-development and assets into the Metaverse and NTFS, as well as sports, an industry with a high capital allocation. It’s reasonable to expect we’ll hear more statements of Animoca Brands’ commitment to discharge in 2022, and then some. EntrepreneurInvestor Followers: 0 See profile said the co-founder and executive chairman of Animoca Brands in the press release.

Kijun Seo, co-founder and CEO shared

“Instead of a network sharing multiple games, each game runs its application on the specific blockchain network and it has the freedom to design its governance and customize tokenomics, such as win-to-play,” said CEO Seo.

Libplanet technology has been used in the open-source online role-playing game Nine Chronicles, which has over 300,000 users and is supported by Animoca, Binance Labs, and Ubisoft brands. Nine Chronicles will kick off the “Chapter 3” update with a list of new features, including staking programs and player championships.

Planetarium Labs is supporting the development of the live-action NFT (non-fungible token) collectible fantasy RPG Stella, which had major gameplay with XL games founded by jake song, the creator of the famous lineage franchise and co-founder of Nexon at explore Community-driven MMORPGs, referring to massively multiplayer online games.