Worldwide Webb, the developer of a pixel art-based metaverse game, has acquired $10 million from Pantera Capital as part of a Series A funding round. The initiative, which had been funded only through bootstrapping until then, began raising money in Q2 of 2022 and finalised the deal in December. The money will be used to expand the team, add new NFT collections to the game, and form strategic partnerships with leading brands and owners of valuable intellectual property (IPs).
The Worldwide Webb gaming space and growth plans
With Worldwide Webb, players with NFTs from other blockchains can utilize their own NFTs as avatars to take part in battles, missions and raids in decentralised MMORPG environment. The platform’s players can engage in missions, raids and battles in a virtual economy all without leaving their browser windows. Users can also buy in-game lands and apartments on the blockchain.
The project’s Blockbusterz game is scheduled for release in the coming weeks, and it will allow players to compete in tournaments using NFTs from various collections such as CryptoPunks, BAYC, or Doodles. To address the question of who should receive royalties from the resale of NFTs, Webb is also in the initial phases of developing its own standard for the ERC-1155 and 721 token standards.
The interoperability of the platform with multiple blockchains gives players greater freedom in how they can play. Also, it enables them to perfect their skills and maintain their identity in the gaming space by importing avatars. The platform’s developers say that their focus is less on making useful NFT products for people and more on making loyal customers and paying them for their support.
Webb is also providing developers with the resources they need to get their IPs into the game by providing them with virtual lands on which to develop their gaming spaces. Also, this provides the means to integrate their existing NFTs and create new ones within the Webb ecosystem.