Friday, January 20, 2023

PLAI Labs Scores $32M Seed Funding For AI, NFT Games

Los Angeles-based PLAI Labs, a new startup founded by former MySpace and Jam City founders Chris DeWolfe and Aber Whitcomb, said on Thursday that it has raised $32M in a seed funding round. The round was led by a16z (fromerly Andreessen Horowitz). The company said it is using a combination of artificial intelligence (AI) and crypto to create a new company focused on entertainment, social engagement, and "digital ownership". PLAI Labs first title is called Champions Ascension, a massively multiplayer online role playing game (MMORPG) which lets users import non-fungible token (NFT) characters into an AI-rendered world where those characters can go "go on quests, trade items, fight in the colosseum, build their own custom dungeons and more." More information »