Goals Raises $20 Million to Develop NFT Football Game

04/29/2023 00:35 • Tech Trends • 86 views

On April 29th, Swedish NTF football game development company Goals announced the completion of a $20 million A-round financing, led by Seven Seven Six, a subsidiary of Reddit co founder Alexis Ohanian, with Northzone, Moonfire, and Cassius participating. As of now, the company’s total financing amount has reached $39 million. The new funds will be used to accelerate the development of Goals’ NFT football video game product, which is currently in the pre alpha stage, and incorporate Web3 social and gaming competition elements, replacing traditional football game models such as EA Sports FC. In addition, the company plans to expand its team size to 75 people. （sportspromedia）

NFT football game development company Goals completed $20 million A-round financing

Introduction

On April 29th, the Swedish NTF football game development company Goals announced the completion of a $20 million A-round financing. The funding round was led by Seven Seven Six, a subsidiary of Reddit co-founder Alexis Ohanian. Other investors included Northzone, Moonfire, and Cassius. With this new investment, the total financing amount that Goals has raised has reached $39 million.

The Purpose of the Funding

The purpose of the funding is to accelerate the development of Goals’ NFT football video game product, which is currently in the pre-alpha stage. The company plans to incorporate Web3 social and gaming competition elements, which will replace traditional football game models such as EA Sports FC. This new development will bring new excitement to the gaming industry and satisfy the ever-growing interest of football enthusiasts. The additional funds will also be used to expand the company’s team size to 75 people.

Background Information

The gaming industry has seen a tremendous boost in the last few years, especially during the pandemic, as people used gaming as a tool to stay connected. This surge has caused the industry to reach record highs in terms of sales and revenue. The combination of gaming and NFTs has created a new avenue for companies to leverage. NFTs, or Non-Fungible Tokens, are unique digital assets that can be traded and sold on the blockchain. NFTs have been particularly popular among art and music enthusiasts, but the gaming industry has recently shown great interest in leveraging NFTs to enhance their user experience.

The Future of the Industry

The addition of NFTs and Web3 social and gaming competition elements will provide a unique user experience to gamers. This is just the start of the revolution, as the gaming industry is constantly evolving and looking for ways to incorporate new technology to enhance the gaming experience. Goals is positioning itself as a leader in this realm with the introduction of the NFT football game product.

Conclusion

The $20 million funding round from Seven Seven Six, Northzone, Moonfire, and Cassius will enable Goals to accelerate the development of their NFT football video game product and incorporate Web3 social and gaming elements. Moreover, this investment will pave the way for the company to expand its team and bring further innovation to the gaming industry.

FAQs

1. What is an NFT?
– An NFT is a unique digital asset that can be traded and sold on the blockchain.
2. What makes Goals unique?
– Goals is unique because of its focus on incorporating NFTs and Web3 social and gaming elements to bring a unique experience to the gaming industry.
3. How will the funding help Goals?
– The funding will help accelerate the development of Goals’ NFT football video game product and expand their team size to 75 people.

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