Planetarium Labs raises $3 million in funding

Web3 game development company Planetarium Labs recently successfully completed a funding round, raising $3 million for its flagship mobile game Immortal Rising 2. The funds will primarily be used to upgrade gameplay design and expand the player community, further strengthening its decentralized economy and governance system. This funding round attracted several key investors from the crypto and blockchain sectors, including Spartan Group, Immutable, Marblex, Comma3 Ventures, and several well-known angel investors.

Actively layout the Web3 mobile game market

Since its establishment in 2018, Planetarium Labs has been dedicated to creating customizable, immersive Blockchain gaming experiences. Following the previous $32 million Series A funding led by Animoca Brands, this additional capital injection provides new momentum for the development of Immortal Rising 2.

The game, created by Busy Beans Studio, has quickly gained player attention in the global market since its launch, and with over 8.8 million downloads, it has become one of the popular games in the Immutable ecosystem. Robbie Ferguson, co-founder of Immutable, stated: “The success of Immortal Rising 2 lies in its combination of three major advantages: coming from Asia, the largest gaming market in the world, designed specifically for mobile platforms, and deeply integrating Web3 mechanisms that align the interests of players’ participation with the growth of the game.”

Embrace the new phase of decentralization

Immortal Rising 2 has launched its Token Generation Event (TGE), providing opportunities for game governance and economic participation, allowing players and investors to jointly participate in the future development of the game. This not only marks an important stage for the project in entering Web3 decentralized governance, but also opens the door for traditional Web2 players to enter the Blockchain gaming space.

Bring Web2 players into the Web3 ecosystem

Led by a BAFTA award-winning game designer, Immortal Rising 2 is positioned as a next-generation idle RPG that combines the familiar pace of mobile gaming with innovative Blockchain technology, providing users with a seamless transition experience from Web2 to Web3. The official plan is to accelerate global promotion through Immutable zkEVM expansion technology and the Immutable Play distribution platform in the future.

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Summary

As blockchain games gradually become mainstream, Planetarium Labs further solidifies its presence in the Web3 gaming space through this round of financing, while continuing to attract more players into this ever-evolving decentralized entertainment world.