Metatheory Raises $24M in Series A Funding

Metatheory, San FranciscoTechnology-driven entertainment company based in CA, ”The X-Files”, raised $24m in Series A funding.

TheRound was led by Andreessen HorowitzParticipation from Pantera Capital, FTX Ventures, Breyer Capital, Merit Circle, Recharge Thematic Ventures, Dragonfly Capital Partners, Daedalus, Sfermion, Global Coin Research.

FoundedBy Twitch co-founder Kevin Lin, MetatheoryIt is focused on creating Web3 games and virtual realms that are imagined through innovative story franchise IPs. ItsFirst game franchise DuskBreakersThe following was published: in December2021: World art designed by GeersartFormer Lead Illustratorat Twitch, is a sci fi-fi inspired metaverse and gaming environment powered by blockchain. DuskBreakers launched with a free-to-play “Play-to-Mint” game that led to a sellout of 10,000 NFTS (the Genesis DuskBreakers) inSix days The genesis NFTs each represent one ofThe first 10,000 recruited “Breakers” who spend their days exploring a massive, dormant alien spaceship – “The Dusk” – hovering above the earth. On the Dusk, Breakers seek valuable “Duskite” materials while fending off the extraterrestrial creatures roaming the ship. TheThe following options are available BreakersMake as a community will alter the course of history in an exciting alternate universe that spans NFTs and comics. It also includes animations, comics, animations, video games, and comics. 

In January 2022, MetatheoryPublished DuskBreakers second free-to-play minigame, “Beast Battler,” centered around boss battling inThe same environment as the original minigame. AdditionalNFT drops, games, and content will be released throughout the year and beyond. There will also be a full free-to play game with Play-and-EarnLaunch of mechanical components in Q4. 

FoundingMembers include Art Director Darren Geers, COO Adam BaoVP of Game Development Nick Fotheringam, VP External Creative Nelson Wang, and three-time EmmyWinner Bernie SuWho serves as Chief Content Officer. TheThe 40+ employees are industry veterans, including writers, producers and game developers, engineers, as well as community developers.



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