NPC Labs, an Infrastructure Startup for Web-3 Gaming Co-Founded by Three Former Coinbase Employees, Secures $21M

The company said that NPC Labs has raised $21 million in total investment, including a recent $3 million pre-seed round, thanks to the leadership of the most recent $18 million seed round.

Three former Coinbase employees have joined together to establish NPC Labs, an infrastructure startup for web-3 gaming that has just finished a $21 million pre-seed and seed fundraising effort.

The business stated on Thursday that NPC Labs has raised a total of $21 million in funding, beginning with a recent $3 million pre-seed round and culminating in a $18 million seed round. NPC Labs was founded in April and had finished its funding round by early July.

The most recent round was led by Makers Fund, with participation from Hashed, Collab+Currency, Sfermion, Mirana Ventures, Bitscale Capital, and Mantle EcoFund.

Co-founder and CEO Daryl Xu, together with his colleagues Viktoriya Hying and Sean Geng, hopes to greatly increase the uptake of on-chain gaming.

Xu, who was formerly employed by Coinbase's Layer 2 project Base as a gaming and onramp lead, hopes to greatly increase the uptake of on-chain gaming. He feels that actual people might be effectively engaged in gaming beyond conjecture.

NPC Labs hopes to increase the uptake of on-chain gaming through B3.fun, a gaming scaling ecosystem based on Base. According to Base, B3.fun is a “microservices-like Layer 3 ecosystem” that enables nearly gasless transactions and high transaction throughput.

This is made feasible by ChainSafe's chain abstraction technology, which eliminates users' need to switch or bridge networks to play games. The platform aims to create an on-chain gaming culture and environment that endures by providing developers with best-in-class technology and providing players with an easy, frictionless onboarding experience.

On-chain gaming has the potential to become a significant use case for cryptocurrencies, as evidenced by the launch of several initiatives in recent months. Web2 game creators are beginning to see on-chain gaming's promise as a better way to monetize their games and a new distribution channel.

On the other hand, constructing on-chain is still difficult. B3.fun is intended to act as a bridge between Web2 and Web3 gaming by offering a completely managed on-chain gaming solution for game creators.

By acting as a one-stop shop for game creators, managing infrastructure, and helping with marketing and distribution, B3.fun seeks to make this process easier so that developers may concentrate on making exciting games.

The B3.fun platform is in its testnet phase, supporting games built on Ethereum, Base, and other EVM-compatible blockchains, with plans to include Solana. The mainnet launch will be announced by B3 and its governing foundation, which will also decide on the potential launch of a B3 token.

Franklin Bi of Pantera Capital, an early investor in NPC Labs, stated that B3's infrastructure will boost the Base ecosystem by empowering developers. NPC Labs, based in the U.S., plans to expand its team from five to ten employees, adding roles in engineering, marketing, and global go-to-market strategies.

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