Delving into the Latest Funding Round of Parallel – The Sci-Fi NFT Card Game

Delving into the Latest Funding Round of Parallel – The Sci-Fi NFT Card Game

Parallel, the groundbreaking sci-fi NFT card game, recently concluded a successful funding round, securing an impressive $35 million from a diverse group of investors. The game, which harnesses the power of the Ethereum blockchain and Base layer-2 chain, disclosed this significant development in a post dated March 28th. The investment round garnered support from various prominent entities, such as Distributed Global, The Operating Group, VanEck, Solana Ventures, Base Ecosystem Fund, and Amber, signaling a strong vote of confidence in Parallel’s potential.

Since its inception in 2021, Parallel has been available in open beta, providing players with the opportunity to collect, trade, and engage with unique in-game assets represented as NFTs. The game features a compelling narrative that delves into humanity’s exploration of space as a response to a global energy crisis, seamlessly blending traditional trading card game elements with cutting-edge digital gaming technology. Players are immersed in a universe where play-to-earn mechanics are the norm, set against a backdrop of interstellar exploration and societal development.

At the core of the game are the Parallel NFTs, digital assets that form the game’s factions or “Parallels.” These NFTs play a pivotal role in gameplay, as players construct decks to compete against one another. Parallel distinguishes itself with its NFT trading cards and governance token, PRIME, which operate on the Ethereum blockchain, aligning with the Echelon Prime Foundation’s innovative Web3 gaming ecosystem.

To engage in Parallel, players must assemble a complete deck from one of the Factions, comprising 40 cards that include Faction-specific and Universal cards. Universal cards are versatile and can be utilized in any deck, adding an element of strategic depth to gameplay. The primary objective in Parallel is to diminish your opponent’s health from 30 to 0, employing a combination of skill, strategy, and a bit of luck.

Each card in Parallel features a unique 3D art piece crafted by the game’s talented artists and exists as an ERC-1155 Digital Collectible on the Ethereum network. While owning Digital Collectibles is not mandatory for gameplay, it presents an opportunity to earn PRIME, the game’s native token. The Parallel team recently marked the launch of the open beta at the end of February, accompanied by a game update introducing gameplay enhancements and fresh content.

Buoyed by the positive reception and confident in the game’s equilibrium and readiness for a wider audience, the developers have unveiled details regarding the upcoming Open Beta Season 2: Void-forged Oath, commencing on April 1st at 00:00 UTC. This new season introduces a battle pass featuring a new Shroud Legendary card, Argoel’s Fealty, alongside exclusive cosmetics and rewards for players. Moreover, the update incorporates a new game mode, resolutions for previously reported issues, bug fixes, and information on pending raffles from prior seasons.

In addition to the game’s success, Parallel Studios recently introduced Colony, a survival simulation game on the Solana blockchain that integrates AI technology. The game’s unique approach to AI in blockchain gaming has captured the attention of gamers, as evidenced by a white paper released on March 14th outlining Colony’s innovative features. The game aims to leverage AI agents that learn and evolve, crafting distinct personalities and perspectives, pushing the boundaries of traditional gaming experiences.

As Parallel continues to expand and evolve, it is poised to redefine the landscape of blockchain gaming, offering players immersive experiences and novel gameplay opportunities in the burgeoning NFT space. With a robust foundation and a clear vision for the future, Parallel is well-positioned to captivate players and stakeholders alike, carving a path towards unprecedented success in the competitive gaming industry.

NFT

Articles You May Like

The Multifaceted Journey of Semilore Faleti in Crypto Journalism
The Cryptocurrency Rollercoaster: Analyzing Recent Market Movements
The Dangers of Ethereum’s Demand Zones: A Critical Analysis
Understanding Bitcoin’s Current Market Trends: A Deep Dive into Its Bearish Phase

Leave a Reply

Your email address will not be published. Required fields are marked *