John Smedley’s studio raises $30.5M for new shooter built on Etherlink
Gaming industry veteran John Smedley is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 blockchain Etherlink.
John Smedley, a gaming industry veteran and former CEO of Daybreak Game Company (formerly Sony Online Entertainment), is making his first foray into Web3 gaming with a new AAA shooter featuring Tezos layer-2 (L2) blockchain Etherlink.
The Smedley-led Distinct Possibility Studios (DPS) has raised $30.5 million in a funding round led by the gaming-focused venture capital firm Bitkraft and the European hedge fund management company Brevan Howard, according to a statement shared with Cointelegraph on Thursday.
The funds will be used to develop its new open-world massively multiplayer online first-person shooter (MMOFPS), Reaper Actual, which it says will integrate Etherlink to enable tradeable Web3 components like characters, bases, skins and more.
