Swedish NTF Football Game Developer Goals Raise $20M in A-Round Financing for NFT Video Game Development

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

Swedish NTF football game development company Goals announced on April 29th, 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.

Introduction

Goals, a video game development company from Sweden, has recently completed an A-round funding for $20 million, led by Seven Seven Six. Goals is currently working on a new NFT football video game product, which is still in the pre-alpha stage. The company plans to use the funds to accelerate this project’s development and incorporate Web3 social and gaming competition elements, replacing traditional football game models such as EA Sports FC. Goals also aims to increase its workforce to 75 people.

The Rise of NFT Video Game Development

Over the past few years, non-fungible tokens (NFTs) have become increasingly popular across various industries, including sports, fashion, and art. NFTs allow creators and buyers to verify their ownership and authenticity, making them ideal for digital assets and collectibles. Video game developers are also beginning to adopt NFT technology, and Goals is at the forefront of this trend.

Evolution of Football Video Games

Football video games have been around since the early 1980s, but they have come a long way since then. Initially, these games were simple, with basic graphics and limited gameplay options. As technology progressed, football video games became more immersive, with more realistic graphics and complex gameplay mechanics.

The Current State of Football Video Games

However, despite these advances, football video games still have limitations. Most football games follow the same formula, with players selecting a team and competing against others in pre-determined modes. While this can be enjoyable, it lacks the creativity and personalization that many gamers crave.

The Promise of NFT Video Games

NFT technology has the potential to transform the gaming industry, allowing developers to create unique and customizable experiences for players. With NFTs, players can own and trade in-game items, such as player skins and accessories, that hold real-world value. This not only enhances the player’s experience but also creates a new revenue stream for developers.

Goals’ NFT Football Video Game

Goals’ new NFT football video game product aims to revolutionize the football gaming experience. The game will incorporate NFT technology, allowing players to own and trade unique in-game items. It will also include Web3 social and gaming competition elements, encouraging players to interact with each other in new ways.

The Future of NFT Video Games

As NFT technology continues to grow in popularity, it is likely that more game developers will incorporate it into their projects. This trend could lead to a new era of gaming, with personalized and immersive experiences that were previously impossible.

Conclusion

Goals’ $20 million A-round financing is a significant milestone for the company and the gaming industry as a whole. With the new funds, Goals plans to accelerate the development of its NFT football video game product and expand its team size. The promise of NFT technology in gaming is vast, and Goals’ new project is just the beginning.

Unique FAQs

1. Q: What is an NFT?
A: NFT stands for non-fungible token. It is a digital token that represents a unique asset or item.
2. Q: What is Web3?
A: Web3 refers to the decentralized web, which operates on blockchain technology. It allows for greater security, privacy, and control.
3. Q: Why is NFT technology significant for gaming?
A: NFT technology allows for a new level of personalization and customization in games. It also creates a new revenue stream for developers and enhances the overall gaming experience.