What’s Parallel?
Parallel is a web3 TCG developed by Parallel Studios, utilising NFT-powered belongings and play-to-earn incentives.
The sport is ready in a dystopian future the place Earth has change into uninhabitable attributable to a cataclysmic occasion often known as “The Occasion” inflicting humanity to scatter throughout area, splitting into 5 factions: Earthen, Marcolian, Augencore, Kathari, and Shroud.
Gamers acquire playing cards representing these factions and have interaction in head-to-head battles to battle for PRIME tokens, the utility forex of the Echelon ecosystem.
Parallel additionally provides numerous gameplay modes that cater to completely different types of play, together with The Ladder and Sectors, and includes a rookie queue to supply a coaching floor for brand new gamers with customizable rookie decks.
What’s going to this funding imply for Parallel?
This funding follows the current launch of its open beta, which launched a brand new card referred to as Ghosan, Viper of Ceres, alongside gameplay changes and bug fixes.
Parallel Studios are utilizing the funds for 2 predominant functions. The primary is to broaden consumer acquisition efforts by the Parallel Ambassador program, influencer collaborations and promoting campaigns.
The second is to gear as much as launch on platforms just like the Epic Video games Retailer and Steam, with cellular variations in consideration.
The studio can also be engaged on Colony, an AI-powered survival simulation recreation constructed on Solana. A part of this funding will to go help the event of Wayfinder, an AI protocol with the aim to boost consumer experiences in blockchain ecosystems.
Parallel Studios goals to launch a beta model of Colony by the tip of 2024, and is accelerating hiring to satisfy this improvement aim.
This extra $35 million brings Parallel’s complete raised to $85 million, after a earlier funding spherical led by Paradigm, now valuing the corporate at $500 million.
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*All funding/monetary opinions expressed by cryptospotsa are from the non-public analysis and expertise of our web site moderators and are meant as instructional materials solely. People are required to totally analysis any product prior to creating any form of funding.
