- Principal backers include Defiance Capital, Signum Capital, and Dragonfly Capital.
- Sipher is re-negotiating what gamers should be expected from their game
- Sipher, a game company that makes use of blockchain technology
Sipher, a game company that uses blockchain technology, announced the completion of its seed round on Tuesday, raising a total of $6.8 million.
Other investors, such as Defiance Capital, Signum Capital, and Dragonfly Capital, joined the firm and the significant backers co-led by Arrington Capital, Hashed Capital, and Konvoy Ventures to help the company grow.
The funds would be used to expedite the production of the company’s next World of Sipheria game and keep developing technologies that would allow developers to “produce interesting, enjoyable, and engaging gameplay experiences based on the blockchain,” according to the company.
The CEO of Konvoy Ventures, Jason Chapman, stated that “gaming is the new social square, and it is driving the evolution of global culture.” Sipher is assisting in developing a new wave inside this social arena, one in which participants are paid for their time, productivity, and innovation, among other things.
‘Sipher is re-negotiating what gamers should expect from their game, and they are here to deliver delight to their gamers through both entertainment and financial freedom.’ As they usher in a new age of gaming, the whole Konvoy crew is overjoyed to be in Sipher’s corner.
In the World of Siberia, Sipher stated that its next focus is to release an able to play minimum viable product, which will include a co-op dungeon game mode that will make the onboard latest wave of native and non-native blockchain users through “beautiful design and graphics, convincing gameplay, expansive global lore hidden with secret information to be found, and the ability to engage in the game economy.”
According to the company, the Sipherian Flash, the company’s second collection, is also about to hit the market. — VNS (Vietnamese Sign Language).