Will further the company’s mission with a new title utilizing blockchain technology
Reykjavík, Iceland – 21 March 2023 – CCP Games, creators of sci-fi spacefaring MMO EVE Online, announced today that $40M in financing has been secured from external partners. This financing will allow CCP Games to build upon the discoveries of its research & development team to enable the full-scale development of a new AAA title utilizing blockchain technology, set within the EVE Universe.
“Since its inception, CCP Games’ vision has been to create virtual worlds more meaningful than real life. Now, with advancements made within blockchain, we can forge a new universe deeply imbued with our expertise in player agency and autonomy, empowering players to engage in new ways. This financing has marked an exciting frontier in our studio history as we begin our third decade of virtual world operations. We are humbled by the confidence from our partners in the development of this new title,” said CCP Games CEO, Hilmar Veigar Pétursson.
With key game systems developed on-chain, this new project will also leverage smart-contract blockchain technology, focusing on persistence, composability and truly open third-party development to create a new relationship between virtual worlds and players.
This financing was led by Andreessen Horowitz (a16z), with participation from Makers Fund, BITKRAFT, Kingsway Capital, Nexon, Hashed, and additional participants.
“CCP Games is a pioneer in virtual worlds and digital economies with 25 years of experience creating living sandboxes with unparalleled depth. They’re a veteran team and we believe in their ambitious vision to deliver incredible player experiences at the intersection of best-in-class game design and blockchain technology,” said a16z General Partner, Jonathan Lai.
“The depth and nuances of EVE have become a frequent point of reference in blockchain gaming and we are therefore thrilled to support the team’s impressive vision of expanding the EVE Universe utilizing this technology. As a former employee, it’s a great personal joy to be reunited with CCP and to witness their continued passion for creating truly meaningful virtual worlds.” said Makers Fund Principal, Alli Óttarsson.
“We’ve long marveled at stories of interstellar war, spaceships forever lost, and the constant challenges of staying ahead of emergent, sovereign play patterns. Hilmar and the team’s experience is unmatched, and we’re excited to see how they use blockchain to let players dream further,” said BITKRAFT Ventures Partner, Carlos Pereira.
Alongside independent financing, this new title’s production is separate from current and previously disclosed projects, including EVE Online, which is now in its landmark 20th year.
About CCP Games
CCP is a leading independent game developer that has been praised for its artistry, technology and game design that facilitates emergent behavior, empowering players with compelling means of self-expression. Founded in 1997 on the principle of pushing the envelope and breaking new ground on all levels, CCP is on a mission to create virtual worlds more meaningful than real life. With the launch of EVE Online in May 2003, CCP established itself as a pioneer of cutting-edge massively multiplayer games, winning numerous awards and receiving critical acclaim worldwide. CCP is headquartered in Reykjavik, Iceland, and has additional studios in London and Shanghai.
About Andreesen Horowitz
Andreessen Horowitz backs bold entrepreneurs who move fast, think big, and are committed to building the next major franchises in technology. Founded by Marc Andreessen and Ben Horowitz, the firm provides entrepreneurs with access to expertise and insights in innovation, executive and technical talent, market intelligence, business development, and marketing and brand building. Find us at www.a16z.com
About Makers Fund
Makers Fund is a global interactive entertainment venture capital firm focused on early-stage investments. Makers is dedicated to furthering growth and innovation in the interactive entertainment industry. With more than 90 portfolio companies to date, Makers provides founders strategic value that is deeply catered to companies across the value chain in the industry. For more information, visit makersfund.com.
About BITKRAFT Ventures
BITKRAFT Ventures is a global early- and mid-stage investment platform for gaming, esports, and interactive media. Founded by esports veteran Jens Hilgers, BITKRAFT serves a worldwide network that spans the industry’s most forward-thinking startups and founders working to build and operate the virtual worlds and economies of the future. The venture capital firm, which launched its first $18M Pre-Seed fund in 2017, now invests out of its $165M Venture Fund and has made over 50 investments in new companies since its inception. BITKRAFT’s experienced international team creates significant value through early candid partnerships, unparalleled domain expertise, entrepreneurial history, and a global ecosystem of strategic partners.
Find out more about how BITKRAFT and its portfolio companies are pushing the boundaries of Synthetic Reality® by visiting https://www.bitkraft.vc/vision