Twitch Co-Founder Raises $24 Million For Metatheory, a Web3 Game Company

On Monday, Metatheory, a Web3 gaming and entertainment startup founded by Twitch co-founder Kevin Lin, raised $24 million in a Series A fundraising round. According to the statement, the round was headed by crypto capital venture company Andreessen Horowitz (a16z), with participation from Pantera Capital, the FTX cryptocurrency exchange’s venture arm, FTX Ventures, and other venture companies. Metatheory was founded in November 2021, a year after Lin quit Twitch and announced in a Medium piece that he was working on a gaming firm and a blockchain game named DuskBreakers. Lin was cited as stating in this week’s announcement: “Building immersive digital experiences has always been a passion of mine, and after stepping away from Twitch to explore what’s next in the industry, I truly believe blockchain will open the door to even more possibilities and have a major impact in the gaming, storytelling and community building space.” ICYMI: Today we're excited to announce a $24M Series A Round in Metatheory, our parent company. 🎉 🙌A big TY to: 🙌@a16z@PanteraCapital@FTX_OfficialBreyer Capital @jimihendrixlive@MeritCircle_IO@Globalcoinrsrch@Sfermion_@daedalus_angels@dragonfly_cap@rechargecapital — DuskBreakers (@DuskBreakers) May 16, 2022 The image for DuskBreakers was designed by Twitch’s previous lead illustrator and was revealed in December 2021. For its first 10,000 nonfungible tokens, the Ethereum-based game used a “play-to-mint”...