N3TWORK Studios,\u00a0formed following the acquisition of the N3TWORK technology platform by Forte, has closed $46 million in Series A funding round that will support the launch of the studio\u2019s first two Web3 games releases.<\/p>\n

The funding round was led by Griffin Gaming Partners and includes participation from Kleiner Perkins, Galaxy Interactive, and KIP among others.<\/p>\n

Matt Ricchetti, President of N3TWORK Studios, commented: \u201cWe\u2019re a group of passionate veteran game makers who see a generational opportunity to leverage our expertise building and operating free-to-play games to create authentic web3 experiences that can reach audiences of millions of players.<\/p>\n

\u201cWe believe in a future where game economies are more open and players own the assets they earn and purchase. Reaching that future will require both expanding the core crypto gaming audience and demonstrating to the massive mobile free-to-play audience that web3 is a clear value-add to their gaming experience.\u201d<\/p>\n

N3TWORK\u2019s Tetris Beat was a finalist in the\u00a0Pocket Gamer People\u2019s Choice category at the Mobile Games Award 2022.<\/p>\n

This article was first published on PocketGamer.biz.<\/em><\/p>\n<\/p><\/div><\/div>\n