MetaTheory Secures $24 Million Series A Funding: Announcement

  • MetaTheory has secured $24 million in Series A funding on Monday.
  • The company was founded by one of the co-founders of Twitch, Kevin Lin.
  • Lin also launched another blockchain game called DuskBreakers last year.

MetaTheory, a Web3 entertainment and gaming company founded by Twitch co-founder Kevin Lin, has secured $24 million in Series A funding on Monday.

The crypto capital firm Andreessen Horowitz (a16z) led the funding round. There was also participation from Pantera Capital, FTX Ventures, and other firms, according to the announcement released.

This is not the first time that Lin was involved in the creation of digital immersive experiences. Prior to the launch of Metatheory in November last year, Lin also introduced a blockchain game called DuskBreakers.

Lin stated in the announcement that “Building immersive digital experiences has always been a passion of mine, and after stepping away from Twitch to explore what’s next in the industry, I truly believe blockchain will open the door to even more possibilities and have a major impact in the gaming, storytelling and community building space.”

DuskBreakers, the Ethereum-based game, was released in December 2021 with the art designed by the former lead illustrator of Twitch. The team behind the game plans to release comics and animations to continue its storyline. Additional NFTs and contents are also in the works, in addition to a play to earn game towards the end of this year.

Lin is not the only co-founder at Twitch that has an interest in gaming NFTs. Last December, Justin Kan, another co-founder of Twitch, launched a Fractal NFT marketplace. The marketplace focuses on blockchain gaming tokens as they believe that “NFTs are the future of gaming,” according to their website.

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