A new gaming studio is bringing blockchain based games to the Kentucky Derby.
What’s happening:
- Orlando, Florida based gaming studio Third Time Entertainment has raised $2 million in a new seed round
- The round follows their previous $3.5M seed round which was led by Coinbase (NASDAQ: COIN) and London Venture Partners
- The latest funding comes from Reciprocal Ventures, Big Brain Holdings, 32-Bit Ventures and 6th Man Ventures
Going deeper:
- Third Time Entertainment is building blockchain based games on top of Solana, launching their first virtual horse racing game Photo Finish
- They recently secured a partnership to become the official gaming sponsor of the Kentucky Derby
By the numbers:
- Since the launch of the Photo Finish, Third Time Entertainment has earned more than $4M through their in game marketplace
- They’ve also earned another $3.5M from entry fees from new players
