Summary
TLDR: Parallel Studios, the startup behind Ethereum NFT card-battler Parallel, raised $35 million in funding from major firms and angel investors. The funding will be used to expand Parallel’s reach, launch new games, and develop the AI-powered Colony game on Solana. Parallel plans to onboard more users, launch on Epic Games Store and Steam, and release mobile versions. The studio is also focusing on developing Wayfinder, an AI protocol for Colony, with the aim of releasing a beta version by the end of the year. The PRIME token, used in Parallel and Colony, has seen a price increase following the funding news.
Key Points
1. Parallel Studios, the startup behind Ethereum NFT card-battler Parallel, raised $35 million in fresh funding from major firms and angel investors.
2. The funding will be used to expand the Parallel universe across new platforms, launch on Epic Games Store and Steam, and roll out the Planetfall expansion.
3. Parallel Studios is also focusing on developing the AI-powered Colony game on Solana, with plans to release a beta version by the end of the year and utilize the Wayfinder AI protocol for autonomous AI agents.