Parallel Raises $35M in Funding to Forge New Paths in NFT Gaming
Parallel, the progressive sci-fi NFT card game has accomplished a brand new spherical of funding, elevating $35 million from various buyers. The sport, which leverages the Ethereum blockchain and Base layer-2 chain, introduced the event in a current X publish dated March 28.
The funding spherical drew assist from notable entities, together with Distributed International, The Working Group, VanEck, Solana Ventures, Base Ecosystem Fund, and Amber, amongst others.
Whereas Parallel’s post-funding valuation stays undisclosed, the builders have outlined plans to make use of the funds to “broaden the Parallel universe throughout new mediums and platforms.”
Since its debut in 2021, Parallel has been accessible in open beta. It invitations gamers to gather, commerce, and work together with distinctive in-game property, all represented as NFTs. The sport’s wealthy narrative explores humanity’s enterprise into area as an answer to a worldwide vitality disaster, mixing conventional buying and selling card recreation components with the most recent digital gaming.
Gameplay and Improvements
The sport introduces gamers to a universe the place play-and-earn options are commonplace, set in opposition to a backdrop of interstellar exploration and societal development. On the coronary heart of the sport are the Parallel NFTs, digital property that outline the sport’s factions or “Parallels.” These NFTs are essential to gameplay, with gamers constructing decks to compete in opposition to one another.
Parallel boasts its NFT buying and selling playing cards and governance token, PRIME, on the Ethereum blockchain, aligning itself with the Echelon Prime Basis’s new Web3 gaming ecosystem.
To play Parallel, you’ll want a whole deck from one of many Factions, consisting of 40 playing cards, together with Faction-specific and Common playing cards. Common playing cards can be utilized in any deck. A deck can have as much as three copies of a card however just one copy of any Legendary card.
The aim is to cut back your opponent’s well being from 30 to 0. Every card, a singular 3D artwork piece created by the sport’s artists, is an ERC-1155 Digital Collectible on the Ethereum community. Whereas proudly owning Digital Collectibles isn’t essential to play, it affords an opportunity to earn PRIME.
In direction of a Broader Launch
The Parallel group heralded the open beta’s launch on the finish of February, coupled with a recreation replace that introduced gameplay refinements and new content material. Assured within the recreation’s stability and readiness for a wider viewers, the builders have detailed the upcoming Open Beta Season 2: Void-forged Oath, starting April 1 @ 00:00 UTC.
This new season introduces a battle move with a novel Shroud Legendary card, Argoel’s Fealty, and unique cosmetics and rewards. The replace features a new recreation mode, options for beforehand reported points, varied bug fixes, and particulars on pending raffles from earlier seasons.
In March, Parallel Studios additionally launched Colony, a survival simulation recreation on the Solana blockchain that includes AI expertise. This progressive recreation has shortly caught the eye of avid gamers. A March 14 white paper explains that Colony seeks to reinforce AI use in blockchain gaming, introducing AI brokers that study and evolve, creating distinct personalities and views.
