September 5, 2024
E-PAL, a prominent platform for gaming and social companionship, has unveiled Balance, an innovative AI-driven blockchain experience platform.
E-PAL has raised $30 million in funding, led by Andreessen Horowitz (a16z) and Galaxy Interactive, with contributions from notable investors in the blockchain and gaming sectors, including Animoca Brands, Mantra, Aptos Labs, Taisu Ventures, Gate Labs, and DWF Ventures.
This funding will be allocated to developing the Balance infrastructure, a crucial element of E-PAL’s vision for a transparent, inclusive, and fair Web3 ecosystem. With a user base exceeding 4.2 million, E-PAL intends to use Balance to transform the social gaming landscape by integrating AI and blockchain technologies.
Balance aims to deliver an unmatched experience for gamers, developers, and publishers across both Web2 (traditional internet) and Web3 (decentralized internet) ecosystems. Through Balance.fun, E-PAL has already partnered with over 80 Web3 game companies, establishing itself as the sole platform bridging Web2 and Web3, supporting more than 150 games globally.
The Balance infrastructure comprises five interconnected layers, each offering unique functionalities. The Application Layer enables interaction with both human and AI-powered EPAL companions, an AI-driven battle report system, score-sharing features, and exclusive Pioneer Badge NFTs for early supporters.
The Platform Layer serves as a launchpad for game NFTs, providing comprehensive support for both first-party and third-party games, and includes an integrated NFT marketplace. For developers and investors, the Protocol Layer offers a suite of tools, including the Epal Fans Token Launchpad, the Epal Fans Protocol, and a dynamic exchange system.
The Infrastructure Layer powers the platform with essential services such as the Balance ID system, the Balance chain, a Balance stablecoin system, and a secure network of nodes. Lastly, the Token Layer provides incentives for users, early adopters, investors, and EPAL companions through tokens and digital collectibles.
E-PAL plans to issue core assets like EPT tokens, Pioneer Badge NFTs, and Balance Nodes to create a robust economic system that rewards active players, early supporters, investors, and EPALs. The launch of Balance marks a significant advancement for E-PAL as they strive to usher in a new era of social gaming powered by AI and blockchain technologies.
About Balance
Founded in March 2020, E-PAL has grown to be a leading gaming companion platform, with 4.2 million users and 450,000 active companions (EPALs). E-PAL has introduced its flagship platform, Balance.fun, designed to serve both Web2 and Web3 game companies.
Balance.fun has already partnered with over 80 Web3 game companies, making E-PAL the only gaming platform to collaborate extensively across both segments, supporting more than 150 games worldwide.
Web: https://balance.fun/
About Investors
a16z
Andreessen Horowitz (a16z) is a prominent venture capital firm based in Silicon Valley, California. Founded by Marc Andreessen and Ben Horowitz, a16z manages $42 billion in assets across multiple funds1. The firm invests in bold entrepreneurs and innovative companies across various sectors, including technology, healthcare, and crypto. Known for its deep respect for the entrepreneurial process, a16z provides extensive support to its portfolio companies through a robust network of experts, resources, and strategic guidance1. The firm’s mission is to build the future by backing visionary founders and fostering groundbreaking technological advancements.
Location: Menlo Park, CA
Website: https://a16z.com/
Galaxy Interactive
Describing themselves as the leading VC in the interactive industry.
They invest at the intersection of content, technology and social commerce with an emphasis on video games and the infrastructure powering immersive virtual worlds.
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