Acid Labs has raised $8 million in funding to expand the portfolio of Telegram’s Web3 games.
Led by A16Z Speedrun and NFX, and with additional support for Fusion VC, it is designed to support the development of instant gaming blockchain games through chat applications such as Telegram, Discord and WhatsApp.
The new funding will allow Acid Labs to expand its products and refine its technology to reach a wider audience.
Source: Acid LaboratoryWhat is an acid laboratory?
Acid Labs is a game development company that specializes in integrating Web3 elements into chat-based games.
The company focuses on leveraging the built-in social engagement capabilities of the messaging platform to enhance the user experience. By embedding the game directly into applications like Telegram, Acid Labs can reduce friction and increase accessibility for beginner new players.
Acid Lab CEO Jonn Weinberg has a background in gaming and digital entertainment. His previous adventure (fuse.tv) has been acquired, demonstrating his expertise in expanding digital platforms. As social gaming continues to grow, Acid Labs aims to make blockchain-based games more likely to become mainstream audiences.
Source: Acid LaboratoryWhere will the $8 million fund be used?
The $8 million investment will be primarily used to expand the Acid Labs game portfolio and continue to focus on Telegram local games. The company is also exploring opportunities to bring its chat-based games to other platforms, such as Discord and WhatsApp, thus expanding its market reach.
Additionally, the Acid Labs plans to integrate blockchain capabilities in a way that enhances the gaming experience without adding unnecessary complexity. The company also invests in AI and data analytics to improve game design, player retention, and engagement. By refining its approach to Web3 gaming, Acid Labs seeks to create a seamless and enjoyable gaming experience for a wider audience.
As Web3 games continue to grow, Acid Labs position itself as a key player in the space to ensure blockchain-based games are both accessible and engaging on social messaging platforms.
