Lucid Sight Raises $6 Million To Take DLT-Powered Games to Traditional Platforms

Lucid Sight, the Blockchain games developer has minced $6 million in order to expand its digital scarcity-powered games to traditional game platforms, as reported by tech news website VentureBeat reports April 2.

The Los Angeles-based blockchain games developer has now raised a total of  $11 million in funding, that will be utilized to expand offerings of its digital ownership games company by bridging the gap between blockchain and traditional gaming.

Reportedly, Salem Partners, a leading investment bank and wealth management firm was part of the new funding round, along with crypto and blockchain venture capital funds such as Digital Currency Group and the Galaxy EOS VC Fund.

As per the report, the investment will be targetted at launching  Scarcity Engine, a software development tool designed to introduce Lucid Sight’s blockchain-powered games on gaming platforms such as consoles, PCs and mobile devices. The report notes that the tool is  scheduled to be launched later in 2019

Lucid Sight’s key intent is to bring Major League Baseball (MLB) and Crypto Space Commander (CSC) blockchain games over to the traditional gaming platforms. In doing so, they wish to maintain the benefits of digital scarcity provided by blockchain tech, as added by the firm’s CEO Randy Saaf in the statement.

The MLB Champions is a digital collecting game that was released during the 2018 MLB season. The players could buy collectibles that earn rewards as real-life baseball games are played. The new season of the game is planned for the 2019 MLB season.

In related news, the blockchain startup Animoca Brands recently announced that it signed a global licensing agreement with Formula 1® to publish a blockchain game based on the racing series.

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