May 4, 2022 – Singapore, Singapore
LongHash Ventures, one of Asia’s leading Web 3.0 focused venture funds and accelerator, has announced that it led $1.5 million pre-seed funding round for Particle Network a Web 3.0 mobile game development platform that aims to accelerate game developers’ transition to Web 3.0 by providing developers with the toolkit to build, host and scale gaming DApps with ease.
Emma Cui, founding partner of LongHash Ventures, said,
“We’re excited to back Pengyu Wang and the team at Particle Network. This investment underlines our bullish thesis on Web 3.0 gaming, and more specifically, Web 3.0 mobile gaming. Particle Network removes one of the biggest obstacles to the development of the Web 3.0 gaming ecosystem the lack of Web 3.0 mobile tech stack and social graphs that developers need to efficiently build and launch immersive gaming DApps. By providing a fully managed backend infrastructure, Particle Network enables developers to accelerate their Web 3.0 game development.”
The funding round also includes participation from Insignia Ventures Partners, CyberConnect, BitCoke Ventures, 7 O’Clock Capital, FSC Ventures and Monad Labs. Particle Network will utilize the funds to grow its team, nurture its global developer community and polish the launchpad to give developers the fastest path from idea to mass scaling Web 3.0 games.
Pengyu Wang, co-founder and CEO of Particle Network, said,
“We’re grateful to be backed by an incredible group of investors in this round of financing led by LongHash Ventures. When we first ventured into the Web 3.0 world as devs, we realized we had to build the very basics of a mobile app from the ground-up. That, however, creates unnecessarily high barriers to Web 3.0 mobile app building, and each dev reinventing the wheel to create an app does not contribute to Web 3.0 in the long term. Now with Particle Network, developers can focus on creating amazing gaming experiences without worrying about building everything from scratch.”
Particle Network offers multi-chain support, enabling developers to build on Solana, BNB Chain, Polygon, Immutable X, Avalanche, Flow, Evmos and Wax. Developers have already built numerous Web 3.0 games using the Particle Network platform, including Merge Go, Designer 777, Idle Weed Inc and Panda^2.
Particle Network is a Web 3.0 mobile application data and development platform, allowing developers around the world to build scalable, multi-chain and reliable Web 3.0 mobile apps without in-depth knowledge of blockchain technology.
It also helps developers clean and structuralize on-chain data then connect the processed data with first-party client data, enabling developers to build user DIDs and conduct targeted product iterations and operations.
For more information, visit the links below.
LongHash Ventures is a Web 3.0 investment fund and accelerator, collaborating closely with founders to build their Web 3.0 model and tap into the vast potential of Asia. We launched our fund in January 2021 and invested in projects including Balancer, Acala, Instadapp and Zapper.
With the LongHashX Accelerator, we have partnered with Polkadot, Algorand and Filecoin to build more than 50 global Web 3.0 projects, which have raised more than $100 million in the past four years. Through such investments and active collaboration, we are committed to realizing our mission of catalyzing growth for the next generation of the web.
For more information, visit the links below.
Ho Say Peng, LongHash Ventures
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