Lucid Sight Raises $6 Million to Bring Its DLT-Powered Games to Traditional Platforms

Published at: April 4, 2019

Blockchain games developer Lucid Sight has raised $6 million to expand its digital scarcity-powered games to traditional game platforms, tech news website VentureBeat reports April 2.

Los Angeles-based Lucid Sight now has $11 million in funding to expand offerings of its digital ownership games company by bridging the gap between blockchain and traditional gaming.

Leading investment bank and wealth management firm Salem Partners participated in the new funding round, as well as crypto and blockchain venture capital funds such as Digital Currency Group and the Galaxy EOS VC Fund.

According to the report, the company will use the investment to launch Scarcity Engine, a software developer tool that is designed to introduce Lucid Sight’s blockchain-powered games on gaming platforms such as consoles, PCs and mobile devices. The tool is scheduled to be launched later in 2019, the report notes.

Specifically, Lucid Sight intends to bring Major League Baseball (MLB) and Crypto Space Commander (CSC) blockchain games to traditional gaming platforms, while also maintaining the benefits of digital scarcity provided by blockchain tech, the firm’s CEO Randy Saaf said in the statement.

MLB Champions is a digital collecting game released during the 2018 MLB season where players can buy collectibles that earn rewards as real life baseball games are played. The new season of the game is planned for the 2019 MLB season.

Recently, blockchain startup Animoca Brands announced it had signed a global licensing agreement with Formula 1® to publish a blockchain game based on the racing series.

South Korean blockchain identity startup Metadium previously announced the release of its Software Development Kit on leading game engine Unity’s Asset Store.

Tags
Adoption
Blockchain
United States
Investments
Games
Mainstream
California
Related Posts
Fairfax County Pension Funds Invested $21 Million in Blockchain Technology
Fairfax county of the United States state of Virginia, has invested $21 million in Morgan Creek Blockchain Opportunities Fund, according to an official note published on Feb. 13. Jeff Weiler, Executive Director at Fairfax County Retirement Systems, clarified the terms of recent investments in Morgan Creek Digital that reportedly amounted to $40 million. The statement’s aim was to qualm pensioner concern over the recent investment, as some were worried that their pensions could be lost due to volatility in cryptocurrency markets. In this context, Weiler explained that the county has invested money in the underlying technology of crypto, claiming that …
Adoption / Feb. 14, 2019
IBM Patents Blockchain System to Create ‘Trust’ Between AR Game Players, Real World Locations
Major global tech giant IBM has applied for another blockchain patent, this time aiming to deter augmented reality (AR) game players from intruding on undesirable locations. The tech firm’s latest patent document was released by the U.S. Patent and Trademark Office (USPTO) on Thursday, Nov. 1. In the patent, IBM, also known as Big Blue, describes a blockchain-based method and system of interactions between a AR-running mobile device and locational database in order to set and maintain safe boundaries between AR objects and real-world physical locations. According to the document, a distributed ledger is set to continuously maintain a growing …
Adoption / Nov. 4, 2018
Blockchain Capital Exec: Bear Markets ‘Do Bear Things,’ but BTC Has ‘Gigantic’ Potential
Spencer Bogart, a partner at the venture capital firm Blockchain Capital, believes that crypto opportunities are “still gigantic” despite the current bear market, the expert claimed in an interview with Bloomberg on Monday, Nov. 19. The expert at the crypto and blockchain-focused venture capital startup has maintained his pro-Bitcoin (BTC) stance, pointing out the critical role of “programmable money,” which is supposed to gain even more popularity over time. Considering programmable money as a “multi-trillion dollar idea,” Bogart emphasized the fact that Bitcoin has become the “biggest bull markets of all time,” referring to the the massive spike of Bitcoin …
Adoption / Nov. 21, 2018
CryptoKitties Developer Receives $15 Mln in Financing Round Led by Rockefeller Venture Arm
Dapper Labs, developer of the world’s most used blockchain app CryptoKitties, has received $15 million in another financing round, global news agency PR Newswire reported on Nov. 1. The new funding will help the Canada-founded Dapper Labs to expand it services on a local and global scale, as well as to address infrastructure issues and to boost mainstream adoption of distributed ledger technology (DLT). According to the press release, the company is planning to set up a subsidiary in the U.S. headed by execs from video gaming firms Unity and Disney. Led by Venrock, the official venture capital arm of …
Adoption / Nov. 2, 2018
Argentina’s Dep. Finance Minister: Crypto Adoption Could Reduce Demand for US Dollar
Huobi Group CEO Leon Li met with senior Argentinian finance officials this week to discuss the role of blockchain and crypto in the country’s economy, according to a press release shared with Cointelegraph on March 29. In a meeting in Beijing, Argentina’s Deputy Minister of Finance, Felix Martin Soto, claimed that the government should address crypto and blockchain tech as a way to promote Argentina’s financial inclusion and reduce state costs. Soto, who leads Argentina’s international financial relations, explained that half of the country’s population does not have bank accounts and operate cash transactions by converting their savings to United …
Adoption / March 29, 2019