E-PAL, a Los Angeles, CA-based gaming and social companion platform, raised two funding rounds which brought total funding to $30m.
The rounds were led by Andreessen Horowitz (a16z) and Galaxy Interactive, with participation from Animoca Brands, K5, CLF Partners, MBK Capital, New Heights Fund, AMBER, MarbleX, Sky Mantra, Tuna, Aptos Labs, IOBC, Leland, Halcyon Capital, Uphonest, Taisu Ventures, Gate Labs, DWF Ventures, BING, WAGMI, YouTube co-founder Steve Chen, Riot Games CEO Marc Merrill, and League of Legends Director Thomas Vu.
The company has officially launched Balance, its new AI-powered blockchain experience platform.
The funding will be primarily allocated to the development of the Balance infrastructure.
By integrating AI and blockchain technologies, Balance offers an enhanced experience for gamers, developers, and publishers across Web2 and Web3 ecosystems. Balance.fun has already partnered with over 80 Web3 game companies, enabling E-PAL to collaborate extensively across both segments, supporting more than 150 games worldwide.
The Balance infrastructure comprises five interconnected layers, each enhancing the platform’s capabilities:
- The Application Layer features both human and AI EPALs, an AI-driven battle report system, a score-sharing feature for players, and exclusive Pioneer Badge NFTs for early supporters.
- The Platform Layer encompasses a game NFT launchpad and provides comprehensive support for both first-party and third-party games, along with an integrated NFT marketplace.
- The Protocol Layer offers a suite of tools, including the Epal Fans Token Launchpad, the Epal Fans Protocol, and a dynamic exchange system.
- The Infrastructure Layer underpins these functionalities with essential services such as the Balance ID system, Balance chain, Balance stablecoin system, and a robust network of nodes ensuring secure and efficient operations.
- The Token Layer is crafted to incentivize users, early adopters, investors, and gaming companions with tokens and digital collectibles.
E-PAL will issue core assets, including EPT tokens, Pioneer Badge NFTs and Balance Nodes, to provide better incentives and economic circulation for active players, early supporters, investors, and EPALs.
Founded in March 2020, E-PAL has rapidly become the leading gaming companion platform, with 4.2 million users and 450,000 active companions (EPALs). Leveraging its network and expertise, E-PAL introduced its flagship platform, Balance.fun, designed to serve both Web2 and Web3 game companies. Balance.fun has already partnered with over 80 Web3 game companies, making E-PAL the only gaming platform to collaborate extensively across both segments, supporting more than 150 games worldwide.
FinSMEs
05/09/2024