Horizon Blockchain Games secured $4.5M for their NFT card and wallet trade game.

According to the company's name, Horizon Blockchain Games is a blockchain-based game development company that also develops blockchain-based tools to assist others in creating games on the blockchain.

The company revealed earlier that it had secured an additional $4.5 million, increasing the total amount raised to slightly more than $13 million.

Horizon's debut game is Skyweaver, a competing digital card game that uses the blockchain to enable players to have more real possession of their virtual cards. Once a contest with other players has won the cards, they may be sold, traded, or purchased from the system and stored.

Horizon is pursuing two pathways at the same time in this situation: On one side, they're developing Arcadeum, an Ethereum-based platform for managing in-game assets. To establish who has any particular instance of an item and allow it to be traded, sold, or delivered verifiably between player and player. Once a player has obtained an item, that item is theirs to use, trade, or sell as they see fit; Horizon cannot simply take the item away. They intend to offer up this platform to other developers eventually.

(Image credit: Horizon)

Meanwhile, the business is developing its own game, a digital trading card game called SkyWeaver, which is intended to be successful in its own right while also demonstrating the platform's capabilities.

The previously stated "Arcadeum" has been relaunched as "Sequence," a wallet system that is simple to integrate and promises to remove the complexity of the blockchain from the equation. They would like customers to buy and save their digital products on the blockchain without thinking about blockchain from the user or the app's developer. According to Horizon co-founder Michael Sanders, the rebranding is part of an overall expansion of the company's focus; the 'Arcade' in 'Arcadeum' suggested it was all about gaming, but the goal is to help manage all types of digital objects, from virtual gaming goods to NFT art and beyond.

Horizon's staff frequently claims that it was created to support "Web3," a term I've heard lately. In a nutshell, Web3 is an online but decentralized program, services, and games built on top of a blockchain (in this case, Ethereum) to offer individual participants more control over their data.

Horizon had planned to make Skyweaver available to the general public in 2020; as of now, it is still in private beta, with hopes to make it open to the public later this year. Sanders informs that they have admitted almost 66,000 players thus far.

According to the company, CMT Digital, The Xchange Business, BITKRAFT Ventures, Khaled Verjee, and Zyshan Kaba are among the investors in this round.