Paradigm Capital Leads $46M Series A Funding for Wildcard Alliance Inc

That the digital currency ecosystem is passing through a very serious negative price action season has not deterred venture capital inflow into the industry. The latest of these moves was the Paradigm Capital-led $46 million Series A funding round for Web3.0 game developer, Wildcard Alliance Inc.

Wildcard Alliance is a new subsidiary of Playful Studios, creator of the Lucky’s Tale game series and Creativerse, all the brainchild of Paul Bettner. The startup was established as the first-of-its-kind hybrid of the multiplayer online battle arena (MOBA), real-time strategy, and collectible card game where players compete surrounded by live, interactive fans and spectators.

Wildcard Alliance, drawing on the long experience of its founders with deep ties to the Web2 gaming world, will now seek to replicate more innovative and ambitious titles in the Web3.0 world. Paradigm Capital was joined by other investors including Griffin Gaming Partners and Sabrina Hahn.

“Web3 platforms present a tremendous opportunity to build entertainment that can include, empower, and onboard millions of new players,” said Paul Bettner, Co-Founder and CEO of The Wildcard Alliance. “Despite this opportunity, the current focus of Web3 game development tends to be on finance over fun, economy over engagement, currency over community. With Wildcard, we’re focused on fun first, building a next-generation ‘spectator sport’ to welcome the entire community of competitors, collectors, sponsors, and fans to play together.”

Wildcard Alliance: Embodying a Worthy Startup to Back

With a mission to create games that can be equally thrilling and rewarding for both players and spectators, Wildcard Alliance has projected itself as the type of startup with the needed technology to help fasttrack the mainstream adoption of Web3.0 innovations.

This amongst other factors accounts for why venture capital firms like Paradigm have taken a liking to the protocol at such a time as this.

“What sets Wildcard apart is an emphasis on quality and fun,” said Dave White, Research Partner at Paradigm. “Paul and the team have a proven track record building fun games at the frontier of what’s possible, and they are using Web3 tech in truly innovative ways to bring openness and accessibility to proven eSports mechanisms.”

As reported earlier by TheCoinRise, other notable startups that have raised funds in recent times include Orderly Network and Solana