3 years ago

Cauldron Raises $6.6 Million to Build the ‘Pixar of Web3’

  • Cauldron, a London-based crypto video game studio, has raised $6.6 million (£5.5 million) in seed funding to develop virtual worlds with fantasy and science fiction aesthetics

  • The company aims to become the “Pixar of Web3” by focusing on storytelling and creating immersive experiences that leverage blockchain technologies for in-game currencies and NFT assets

  • The funding round was led by Cherry Ventures, with participation from Cassius, Seedcamp, and Playfair

  • Cauldron believes that Web3 gaming needs to prioritize storytelling to attract players and that the ownership of assets is key to creating engaging experiences.

      • ProblemTechnology

      "Web3 gaming lacks compelling storytelling, leading to a lack of player engagement and retention."

      Solution

      "Cauldron is building virtual worlds with fantasy and science fiction aesthetics, focusing on storytelling and allowing players to own assets within the game, creating a sense of ownership and immersion."

      Covered on