Pantera Invests $10M in Metaverse Game Worldwide Webb

Worldwide Webb, creator of a pixel art-based metaverse game, has raised $10 million in a Series A funding round from crypto-focused investment firm Pantera Capital. The funding will go toward hiring, integrating more non-fungible token (NFT) collections into the game and forming partnerships with brands and intellectual-property holders.

“Worldwide Webb bridges the gap between traditional gaming and NFT communities via an ever-expanding catalog of browser-based mini-games, where every player can leverage a unique identity (in the form of an NFT,” Pantera investment associate Sehaj Singh said in a press release. “Not only has Webb’s rapid-iteration on game development led to fun and engaging mini-games, but the Worldwide Webb platform has provided yet another channel for NFT communities to enhance engagement and community building.”

Read more: What Are NFTs and How Do They Work?

Launched in 2020, Worldwide Webb offers an interoperable massively multiplayer online roleplaying game (MMORPG) where players can bring their own NFTs from multiple blockchains to use as avatars engaging in battles, quests and raids. In the coming weeks, Worldwide Webb will launch the browser-based player-versus-player game called Blockbusterz. Players who win more battles have access to higher levels of NFT mints. The company is also working to bring more brands into its ecosystem.

“We're building tools to allow them to bring their IP into the game. This is through land where they can build spaces, integrate their existing NFTs and build new ones into the Webb ecosystem,” Worldwide Webb founder and CEO Thomas Webb told CoinDesk in an email. “We're excited to build long-term relationships with brands and IP as we not only integrate their NFTs as avatars, but also bring their IP into the Webb universe through meaningful in-game features such as quests, boss fights, items and more.”