Horizon Raises $40 Million, Backed by Ubisoft and Take-Two

Horizon, the development team behind the NFT game Skyweaver, announced that it has gathered $40 million in Series A funding. Among other companies, video-game publishing giants Ubisoft and Take-Two Interactive participated in the funding.

Skyweaver is a competitive cards game, similar to the famous video-game Hearthstone, but with playing cards being in the form of NFTs. It is currently in a beta testing phase. Horizon is also offering Sequence, a platform for Web3 games and applications development, which has its foundation in Skyweaver tech.

In addition, the company is set to launch its DEX – Niftyswap, which will revolve around games and Ethereum and Polygon ERC-1155 NFT collectibles. Horizon will direct the $40 million toward all three of these projects.

Ubisoft is known for such hits as Assassin’s Creed and Far Cry, while Take-Two won the players over with Grand Theft Auto and Red Dead Redemption. This continues the companies’ NFT expansion, following Ubisoft’s introduction of NFTs in their game Ghost Recon: Breakpoint, and Take-Two purchasing Zynga, a popular mobile game developer now working on NFT games.

Other notable companies in the funding include Polygon, Everyrealm, and Bitkraft. Prominent individual investors also participated, including Shopify CEO, Tobias Lütke, and Axie Infinity co-founder, Aleksander Larsen.