Joyride Raises $14M Ahead of Launch
Joyride Games, a platform for building and operating blockchain-powered mobile games, has raised $14 million in seed and follow-on financing.
The funding comes as the first games built on the platform preparing to launch over the next six months.
Investors in the round included Coinbase Ventures, Animoca Brands, Solana Ventures, Dapper Labs, Bitkraft Ventures, SuperLayer, Modern Times Group, Mirana Ventures and other strategic blockchain investors.
“We provide [game developers] with an end-to-end publishing platform for everything they need to build, launch and operate a high-quality Web 3 game,” Joyride founder and CEO Omar Siddiqui told CoinDesk in an interview. “We provide tools and capabilities that address not just blockchain features but also publishing support, which includes analytics, A/B testing and live operations.”
The blockchain features offered by Joyride include a token wallet for players supporting multiple chains, the minting and management of non-fungible token (NFT) game assets and fungible token economy support.
Future Plans
Joyride plans to use the new capital to add more supported blockchains to the wallet, new NFT features and integrations with marketplaces.
Over the next six months, the funding will also help launch the first completed games built on the Joyride platform. The initial games announced were Solitaire Blitz, based on the popular card game, and Tennis Champs, an NFT-based play-to-earn game with multiplayer tennis gameplay.
