Planetarium, the company behind the on-chain online role playing game Nine Chronicles, has raised 2 million dollars in funding from South Korean internet company Naver. They will use the money to enhance their open-source, serverless, blockchain technology for online games, as well as continue development on their online role playing game Nine Chronicles.
Nine Chronicles launched in early access in October 2020, and managed to raise 400 thousand dollars through crowdfunding. Planetarium sees its new funding round as ‘a validation of the industry’s rising interest in decentralized gaming and its infrastructure’. Planetarium is now looking for partners who want to build their next game on their open-source Libplanet blockchain technology.
“We are excited to join forces with investors who share our vision of decentralized gaming. We now have the resources to expand the ecosystem of Libplanet and Nine Chronicles — we can hardly wait to build out a new disruptive gaming experience powered by our passionate community.”
— Kijun Seo & JC Kim, CEOs of Planetarium
Decentralized technology is not bound by limitations set by centralized applications. Centralized servers can have one point of failure, for example when a server park has an electricity failure or a government shutdown a service. Decentralized applications persevere. It’s not without reason that cryptocurrency exchange platform ShapeShift announced yesterday that they will start offering decentralized services. In the blockchain space decentralization is seen as the holy grail for the future of publicly accessible online tools and technology.
Connecting to Ethereum
In October 2020 Planetarium announced a partnership with Chainlink, which would allow the economy of Nine Chronicles to tie into the Ethereum ecosystem. The thing is, Nine Chronicles is running on its own private blockchain. Through Chainlink the game can link to many more projects in a meaningful way.
It will for example be possible to access details about raids, events, characters and commodity pricing straight from Nine Chronicles. Thanks to Chainlink all this information can move to existing blockchain networks through smart contracts. This development is currently still in a research phase.
What is Nine Chronicles?
Nine Chronicles is a blockchain game that uses its very own blockchain and also introduces its own crypto. Every player who downloads the game, is able to contribute to the network. They participate by supplying computing power, also known as mining. Players can use the acquired NCG in the game. The game uses the blockchain network to register item ownership, item transfers and even gameplay choices.
The developers promote Nine Chronicles as a ‘fully decentralized RPG powered by the players’. According to them gamers can play, mine resources (and therefore make money), trade and…
Read More:Planetarium Gets $2 Million Funding for Serverless Games – Play to Earn