NPC Labs raises $18m to improve Web3 gaming

NPC Labs has raised $18 million in a funding round led by Pantera Capital with the aim of revolutionizing the Web3 gaming world.

This round of funding brings NPC Labs’ total raised to $21 million, including its previous $3 million pre-seed round.

Web3 games are a priority for NPC Labs

NPC Labs was founded to accelerate the integration and growth of on-chain gaming. The company plays a key role in B3.fun, a gaming ecosystem operating on Coinbase’s Layer 2 blockchain network, Base.

The funds raised will be used to develop the B3.fun ecosystem, making it easier for non-Web3 users to discover and engage with crypto games. NPC Labs is creating discovery portals like Basement.fun to facilitate this process.

B3.fun creates a horizontally scalable, microservice-like Layer 3 ecosystem on Base, offering high throughput and gas-free transactions.

“Our mission is to restore economic freedom for game developers and gamers,” said Daryl Xu, CEO of NPC Labs, emphasizing the company’s mission to empower game developers and gamers by providing a simple and seamless gaming experience.

NPC Labs hopes to address the challenges developers face in the current gaming market and the potential for blockchain technology to offer greater control and revenue opportunities.

NPC Labs was founded by former Coinbase employees Daryl Xu, Viktoriya Hying, and Sean Geng.

Key investors in this round include Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund.