Axie Infinity showed the world that NFT games can thrive—with more than $2.8 billion worth of NFT trading volume to date—so it’s no surprise to see new firms make a crypto gaming play. Today, startup game studio Faraway joined the fray by announcing an investment round co-led by cryptocurrency exchange FTX along with Lightspeed Venture Partners.
Faraway revealed today that it has raised nearly $30 million to date between a seed round above $8 million earlier this year (raised in stealth), plus a new $21 million Series A round. In addition to FTX and Lightspeed, Faraway’s investors include Andreessen Horowitz, Solana, Jump Capital, Sequoia Capital, and Pantera Capital.
The startup was co-founded by Alex Paley and Dennis Zdonov, who along with Chief Technical Officer Duc Nguyen have a long history developing “midcore” mobile games. Paley and Zdonov were previously heads of studio at game publisher Glu Mobile, and then shared the role of VP of product at Scopely, another mobil
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