July 22, 2024
NPC Labs, a web3 gaming infrastructure startup co-founded by three former Coinbase employees, has raised $21 million in pre-seed and seed funding rounds. Pantera Capital led the latest seed round worth $18 million, bringing NPC Labs' total funding to $21 million, including a recent pre-seed round worth $3 million.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
NPC Labs | $21M | July 22, 2024 | Pre-Seed, Seed Funding | Pantera Capital | Gaming, Web3 |
Other investors in the rounds include Makers Fund, Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital and Mantle EcoFund.
Xu, a former gaming and onramp lead at Coinbase's Layer 2 project Base, co-founded NPC Labs with his two former Coinbase colleagues, Viktoriya Hying and Sean Geng. Hying is NPC Labs' co-founder and chief operating officer and previously worked as NFT and creator lead at Base. Geng is NPC Labs' co-founder and chief technology officer and previously worked at Coinbase as an engineering manager.
The three founders of NPC Labs are striving to boost the uptake of on-chain gaming. Their experience as initial contributors to Base revealed a high level of active participation and practical use in gaming, involving actual users rather than automated bots. Observing this trend prompted them to investigate how they could significantly expand the gaming ecosystem. Their goal is to further this expansion and devise a straightforward, engaging, and enjoyable experience to attract more users to on-chain platforms.
About NPC Labs
NPC Labs is a web3 gaming infrastructure company that operates as a core contributor to B3.fun. This platform is a groundbreaking horizontally scaled gaming ecosystem built on Base. The team at NPC Labs is passionate about the Base ecosystem and is dedicated to scaling the network for the next generation of on-chain gamers.
The company was co-founded by Daryl Xu, Viktoriya Hying, and Sean Geng. Daryl Xu, who previously worked on gaming, L3s, onramps, and wallets at Base and also on staking, retail, and stablecoins at Coinbase, serves as a co-founder. Viktoriya Hying, who was involved with the creator ecosystem, social-fi, and OCS on Base and creator/brand partnerships at Coinbase, is the co-founder and COO. Sean Geng, who has experience in engineering leadership at Coinbase and is a previous 2x founder in the Solana Ecosystem, is the co-founder and CTO.
Website: https://npclabs.org/
X Followers today: 1,019
About Investor
Investor: Pantera Capital
Pantera Capital is the first U.S. institutional asset manager that focuses exclusively on blockchain technology. Since its inception in 2013, Pantera has invested in digital assets and blockchain companies, providing investors with comprehensive exposure to the space.
The firm has a history of pioneering initiatives in the blockchain and cryptocurrency sector. It launched the first cryptocurrency fund in the U.S. when bitcoin was valued at $65/BTC in 2013. Following this, Pantera launched the first blockchain-focused venture fund and was the first to offer an early-stage token fund in 2017.
Location: Menlo Park, CA
Website: https://panteracapital.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
Comments