A London-based gaming studio that hopes to become the ‘Pixar of web3’ has raised fresh funding at an eye-grabbing valuation.
Lava Labs, a blockchain gaming startup launched in 2019 and advised by EA founder Trip Hawkins, announced a $10 million Series A raise this morning. Its valuation is now upwards of $100 million, according to a person close to the deal.
“Our vision is entirely around ‘fun’ and creating an enduring world,” said Kaya Tilev, CEO and creative director of Lava Labs, in a statement. “We have been inspired by Pixar and Disney throughout our lives and believe we are in a position to create the next generation of dazzling entertainment through our specialized process.”
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