Horizon Blockchain Games (Horizon) is a Toronto-based startup at the forefront of developing the Web3 gaming world. Founded in 2017, Horizon aims to make the complex ecosystem of cryptocurrency, non-fungible tokens (NFTs) and virtual real estate accessible to everyday gamers.
Betakit reports that Horizon recently closed its Series A financing round, having raised USD$40 million from a broad group of investors led by Brevan Howard Digital and Morgan Creek Digital. The investor group also included the likes of Shopify CEO Tobias (Tobi) Lutke and more traditional gaming companies like Ubisoft Entertainment, among others.
Horizon was previously working off of $13.3 million in seed financing. This new injection of capital is set to help the company grow Sequence, its all-in-one developer platform and smart wallet for building Web3 games and applications. Horizon hopes to continue differentiating itself from the rest of the Web3 gaming market by focusing on user experience rather than, as Horizon describes its competition, being “financial tools masquerading as a game.”
Cohere Inc. (“Cohere”), a Toronto company focused on developing enterprise AI, announced its partnership with Thales Canada Inc. (“Thales”). Thales is a leader in advanced defence and digital…
The federal government’s newly announced C$358 million initiative to strengthen Canada’s defence supply chain represents a decisive step toward fortifying the country’s sovereign and military…
Scientists have detected what they believe are crackles of lightning on Mars. NASA’s Perseverance rover, which landed on Mars in February 2021, carries a microphone that picked up pops of small…
The Walt Disney Company (“Disney”) has announced a three-year partnership with OpenAI, becoming the first major content licensing partner for Sora, OpenAI’s generative AI video platform. Under the…
On Me, a digital gift-card startup founded by former Google employees, is helping people get the most out of their gift cards. Instead of limiting buyers to a single store, the startup sells digital…
Three Canadian companies participating in the Quantum Benchmarking Initiative (QBI) have advanced to the program’s second stage. QBI is a research program backed by the U.S. military’s Defense…
