Untamed Planet, a blockchain-based gaming startup, raised $24.3 million in a Series A funding round led by Animoca Brands.
Untamed Planet uses the game creation platform Roblox to recreate natural environments, incorporating non-fungible tokens (NFTs) built on the Solana blockchain.
Further, the startup donates between 50% and 100% of NFT sales to conservation organizations. For instance, micropayments in the game allowed users to donate $10,000 to sponsor a black rhino calf in Kenya’s Borana Conservancy in June of 2021.
With the new funding, Untamed Planet plans to partner with nWay, a mobile gaming firm that’s a subsidiary of Animoca Brands, to create a game that benefits conservation efforts called Untamed Metaverse.
While NFTs have been used to augment charity donations , it appears that social-good use cases are expanding in the blockchain-gaming world too.
Animoca Brands is a Hong Kong-based software firm that funds blockchain-based games as well as traditional game companies. The firm acquired nWay in December of 2019; the firm went on to partner with the International Olympic Committee to create a blockchain-based game in 2022. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.