What’s parallel?

Parallel is a Web3 TCG developed by Parallel Studios with NFT-powered belongings and play-to-earn incentives.

The sport is about in a dystopian future the place Earth has turn into uninhabitable resulting from a disaster often called the “Occasion.” Humanity is scattered throughout the universe and divided into his 5 factions: Earthen, Malkarians, Orjancor, Katari, and Shroud.

Gamers gather playing cards representing these factions and take part in head-to-head competitors for PRIME tokens, the utility forex of the Echelon ecosystem.

Parallel additionally presents quite a lot of gameplay modes to accommodate completely different play types, reminiscent of Ladder and Sector, and contains a Rookie Queue that gives a coaching floor for brand new gamers with customizable Rookie decks. .

What does this funding imply for Parallel?

This funding follows the latest launch of an open beta that launched a brand new card referred to as Gothan, Viper of Ceres, together with gameplay changes and bug fixes.

Parallel Studios is utilizing this funding for 2 foremost functions. The primary is to develop consumer acquisition efforts via parallel ambassador applications, influencer collaborations, and promoting campaigns.

Second, take into account a cellular model and put together for launch on platforms like Epic Video games Retailer and Steam.

The studio can also be engaged on Colony, an AI-powered survival simulation recreation constructed on prime of Solana. A portion of this funding will probably be used to help the event of Wayfinder, an AI protocol geared toward enhancing consumer expertise within the blockchain ecosystem.

Parallel Studios goals to launch a beta model of Colony by the tip of 2024 and is accelerating adoption to achieve this growth aim.

Following a earlier funding spherical led by Paradigm, Paradigm is at the moment valued at $500 million, and this extra $35 million brings Parallel's complete funding to $85 million.

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*All funding/monetary opinions expressed by currencyjournals are based mostly on the location moderator's private analysis and expertise and are meant as instructional materials solely. People ought to analysis the product totally earlier than making any kind of funding.